Today in European Tech: Apple sued for €180 million over iPhone throttling, UK fintech scale-up Monzo raises £60 million, and more

Today in European Tech: Apple sued for €180 million over iPhone throttling, UK fintech scale-up Monzo raises £60 million, and more


Here is what happened today in European tech:


- Is the Tel Aviv Stock Exchange about to get its first unicorn? Herzliya-based fintech company Nayax is planning to go public on TASE in the second quarter of 2021 at a valuation of $1 billion.

- Bizzabo, an Israeli-born events platform, has raised $138 million in Series E funding. The investment is led by Insight Partners, with participation from previous investors Viola Growth, Next47 and OurCrowd.

- Monzo, the UK challenger bank now with more than 4.8 million customers, has closed another £60 million in funding, priced the same as and effectively an extension of the its previous -up round in June (which valued the company at around £1.2 billion).

- Pan-European VC firm Target Global has reached first close on a new €300 million fund, with the firm looking to invest in fintech, SaaS and wellness startups. The firm hopes to close the fund at €400 million by next summer.

- Munich-based GreenCom, an IoT startup focussed on home energy management, has closed a €12 million funding round to expand internationally. Lead investor Shell Ventures and Japanese VC firm Energy & Environment Investment (EEI) have joined previous backers such as Centrica, E.ON’s Future Energy Ventures, Munich Venture Partners and SET Ventures.

- Valencia-based Jeff, a tech startup that enables aspiring micro-entrepreneurs to offer home-delivered laundry and dry cleaning, hairdressing, beauty, fitness and wellness services to others, has scored $21 million in funding as it prepares to enter the US market.

- Ziglu, the payments app from former Starling Bank co-founder and CTO Mark Hipperson, has paying customers only). Also check out our European tech news section for ongoing coverage.

Worth Knowing

- A consumer advocacy group is suing Apple for about €180 million in four European countries for allegedly duping users into downloading updates that deliberately slowed down their iPhones.

- The European Commission’s ‘market investigation tool’, expected to feature as part of the upcoming Digital Markets Act, will be scaled-down and its powers limited, after the EU executive’s internal review panel raised concerns over its operation, two sources close to the matter have told EURACTIV.

- Scale-up operating model: insights from Jacob Quartier of sales enablement platform Showpad

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