Today in European Tech: France confirms digital tax plans, Russian video streaming platform next in line for a US IPO, and more

Today in European Tech: France confirms digital tax plans, Russian video streaming platform next in line for a US IPO, and more


Here is what happened today in European tech:


- Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, video streaming platform, has started the registration procedure for a US IPO.

- Amsterdam-based Rodeo, a project management software vendor that offers tools for the creative industry, has raised €7.5 million in funding from No Such Ventures, a Dutch new-style investment firm.

- Cleantech sector startup PowerUp, creator of technology designed to make management of lithium-ion batteries more reliable while at the same time extending battery lifetimes, has completed a new round of funding to the tune of €5 million from Supernova Invest (its historic investor), business angels, and the EDF Group.

- Sweden’s Material Exchange has become the latest startup to raise money in the field of sustainable fashion, closing a €5 million round for its business to help streamline the supply chain processes of fashion brands.

Brussels, Belgium-based Nodalview, which enables real estate agents to shoot high-quality pictures and videos of properties, has raised a $4.1 million Series A round of financing. The round was led by London-based PROfounders, with participation from Madrid-based K Fund and prior backer Volta Ventures, which invested €1.7 million in an earlier seed round.

- Israeli cloud security startup Lightspin has launched after closing a $4 million seed round. The financing round was led by Ibex Investors with some participation from angel investors.

- London-based proptech startup Metrikus has announced the completion of a Series A round, doubling the company’s total funding to £5 million since it was founded in May 2019.

- 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

- France confirmed today that it will levy its tax on digital giants for 2020, following a warning by Economy Minister Bruno Le Maire in October that it would do so. With this decision, however, it risks US countermeasures.

- The EU’s Internal Market Commissioner Thierry Breton has disclosed details of the forthcoming criteria for the definition of so-called “gatekeeper platforms” as part of the hotly-anticipated Digital Markets Act set to be proposed by the EU executive in early December.

- Savings and investment app Moneybox has appointed Karen Kerrigan as its first chief operating officer. Joining from Seedrs, Kerrigan joins the Moneybox team as the UK fintech company surpasses 500,000 customers and now has over £1 billion in assets under management.

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