Today in European Tech: Graphcore raises $222 million in pre-IPO round, more tech firms head for the Tel Aviv Stock Exchange, and more

Today in European Tech: Graphcore raises $222 million in pre-IPO round, more tech firms head for the Tel Aviv Stock Exchange, and more


We hope you're enjoying the holiday break, but if that includes staying up-to-date on all things European Tech for you, here's what happened today in this part of the world:


- Graphcore, the Bristol, UK-based maker of a new microprocessor designed specifically for AI, has raised $222 million in a (pre-IPO) Series E funding round that values the company at $2.77 billion post-money.

- US-based experience management software company Qualtrics has filed for an initial public offering, two years after being acquired by German software giant SAP.

- Israeli AI genomics company NRGene has filed for an IPO on the Tel Aviv Stock Exchange. As far as is known, the company will try to raise $40 million.

- Danish e-commerce company company Royal Design has changed owners in a €100 million deal. The Danish media house Egmont takes over the helm from investment firms Verdane and Eequity.

- Compulab, and Israeli tech company that produces fanless miniature industrial computers, is making another attempt to go public, this time on the Tel Aviv Stock Exchange.

- Shanghai-based fabless semiconductor company Beken has acquired Adveos, an RF and mixed-signal IP provider based in Greece.

- Swiss startup GuestReady has grown to become a leading short-term rental management platform operating in 20 countries worldwide. To strengthen its position, the company has secured a convertible loan of more than €2.4 million.

- Rendin, an Estonian startup that’s offering a new insurance product for long-term property rental, has raised €1.2 million in seed funding. Led by Tera Ventures, the round also included Iron Wolf Capital, Truesight Ventures, Atomico Angel Program and Startup Wise Guys, with a number of angel investors as well.

- Illustrating the current traction of Russian edtech startups, online programming school Kodland has raised $1.5 million in its first round of financing. The money was brought in by Russian venture capitalist Alexander Nevinsky and an unnamed “European fund”.

- Dutch healthtech startup AlphaBeats is developing a technology that tweaks your favorite songs to help you relax, and it just raised a round of seed funding to bring it to market.

- Latvian startup Design Scan has raised €800,000. The company plans to make buying furniture online more accessible and convenient, and to automate the selling and buying process with the help of neural networks.

- 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

- The chief executive of financial technology business Zopa has said his new digital bank will be profitable by the end of 2021, increasing competition for rivals such as Monzo and Revolut.

- Israeli electronic components 3D printing company Nano Dimension, which has raised an additional $250 million on Wall Street, looks set to make a large acquisition.

- RestAR acquisition by Unity a potential landmark for Israeli gaming.

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