Happy Friday!
This week, our research team tracked over 110 tech funding deals worth more than €2.1 billion, and 20+ M&A transactions, rumours, and related news stories across across Europe, including Russia, Israel, and Turkey.
As always, we are putting all of them together for you in a handy list sent in our Friday afternoon roundup newsletter (note: the full list is for paying customers only).
Recently, we also started publishing 'Today in European Tech', a daily roundup of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!
Today, instead of a daily roundup we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this roundup in your inbox every Monday morning):
1)
A British startup building electric vans and buses has announced plans to go public in New York through a deal with a so-called “blank cheque” company on the Nasdaq. Arrival said it reached a deal to merge with CIIG, one of the many SPACs that have proliferated in the US over the last 12 months. Arrival will be valued at $5.4 billion once the transaction closes, the company said in a statement.
2)
US-based software company Autodesk has paid $240 million in cash for Norwegian AI startup Spacemaker (we interviewed Spacemaker's co-founder and CTO Carl Christensen on our podcast last year). The startup develops AI-powered software for urban designers, architects, and real estate developers.
3)
Global Fashion Group, the Europe-based, publicly-listed online fashion and lifestyle platform company, has raised approximately €120 million in gross proceeds by means of a placement of 16.5 million new shares at a price of €7.30 apiece.
4)
Buying up Amazon FBA stores and scaling them in-house is a hot business model right now. Last week Heroes launched in the UK with a $65 million seed round and Berlin-based Razor Group raised €25 million. This week, Berlin-based startup SellerX announced it has secured €100 million of seed financing.
5)
With an aim to participate in the rise of sustainable food systems, French biotech company InnovaFeed has partnered up with the US-based food processing and commodities trading corporation ADM to build the world’s largest insect protein plant. InnovaFeed has also announced that it has raised €140 million in a fresh round of funding to accelerate its international expansion plans. This brings the company’s total funding to €200 million to date.
6)
Paddle, the London-based company behind a revenue platform for B2B SaaS companies, has raised $68 million in Series C funding.
7)
Ozon, the leading multi-category e-commerce platform in Russia, filed an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion - this is is more twice as high as the underwriters’ initial highest estimates.
8)
Milan, Italy-based mobile/digital payment platform Satispay has secured €93 million euros in funding in a Series C round co-led by Tencent, Square, Telecom Italia’s TIM Ventures, LGT Lightstone and other investors. Square, the payments company run by Jack Dorsey, has reportedly invested about €15 million in the round.
9)
With its new $325 million impact fund, Brussels-based Astanor Ventures is seeking European and North American startups — across food, agriculture and ocean tech — who want to solve systemic challenges across the food system and build businesses that thrive with nature, rather than exploit it.
10)
Swiss semiconductor company Kandou has announced a $92.3 million Series C funding round led by Bessemer Venture Partners.
Podcast:
tech.eu Podcast #196: Arrival departs for Nasdaq, Santander buys Wirecard’s assets, and we talk to Riku Asikainen about e-scooters - he's the managing partner at Evli Growth Partners, one of the investors in TIER.
tech.eu Podcast — Interview Special: Tara Reeves (OMERS Ventures) and Michael Kent (Azimo)
Bonus links:
- Five things you thought about IPOs that are just wrong – because truth can be more lucrative than fiction
- How upskilling in tech can help female entrepreneurs thrive post-pandemic
- Want to play the fintech game? Lithuania’s Genome shares best practices to give you a headstart
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