Hello!
Here is what happened today in European tech:
Deals
- Norwegian learning platform company Kahoot has acquired Estonia’s language learning mobile game maker Drops for as much as $50 million. Kahoot is paying $31 million in cash, plus another $19 million if Drops performs well from 2020 to 2022.
- Salesforce Ventures, the investing arm of the marketing software tech giant, is putting money into AppsFlyer, the Israeli company best known for its mobile analytics tools. The new investment is a late entry to the Series D funding that AppsFlyer announced in January, raising the size of the round to more than $225 million, and upping the valuation to $2 billion.
- Israeli pioneering autonomous inspection industrial robotics company Percepto announced a strategic investment of $45 million in Series B funding led by Koch Disruptive Technologies.
- London-based Round Hill Ventures will invest in European proptech startups from a new fund, which just had its first close on the way to a target €200 million. The firm will invest anywhere from late seed to Series B.
- Israeli cloud-native observability platform for DevOps teams Logz.io announced the completion of a $23 million financing round led by Pitango Growth, and with participation from previous investors including General Catalyst.
- Paris-based GrAI Matter Labs, a pioneer of brain inspired ultra-low latency computing, announced its latest financing round of $14 million. The round was led by iBionext.
- Tel Aviv-born startup Glue, creators of a customer loyalty management platform for small businesses, has secured $8 million in Series A funding from private investors led by the publicly traded Unicorn Technologies.
- Investment firm Ibex Investors has announced the close of its second Israel fund with $100 million in total capital commitments. Ibex, founded in 2003, invests in public and privately-held companies in the enterprise software, cybersecurity, and other sectors.
- In its biggest acquisition to date, Belgian IT/marketing group Intracto bought Dutch digital agency We Are You in its quest to become a European player "in the fields of technology, marketing and content". Its combined staff will number 1,325 people.
- Hasty, a Berlin-based provider of next-gen annotation tools for vision AI practitioners, has raised $3.7 million in seed round led by Shasta Ventures, with support from coparion and iRobot Ventures.
- We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.
Worth Knowing
- Marcus Weldon, Nokia’s Corporate CTO and President of Nokia Bell Labs, will leave Nokia at the end of the March 2021 in the company's latest senior executive departure.
- With more than €2 million raised from public funds, Radiobotics shared some of its learnings and experiences so others also can get started and hopefully be successful on their funding journey.
- Microsoft has announced investments to accelerate Sweden’s digital transformation, with plans to open its sustainable datacenter region in 2021.
- Who will be Norway’s first unicorn?
- EU-Startups has listed Europe’s 30 biggest startup hubs in 2020
- "The digitization of grocery shopping — Zoom on the European opportunity" - a research report from Clipperton.
- Startup policy group Coadec is calling on the UK government to accelerate the FCA’s Open Finance initiative.
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