Happy Friday - and Happy New Year!
This week, our research team tracked about 40 tech funding deals worth over €2.7 billion, and over 30 M&A transactions, rumours, and related news stories 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 roundup newsletter (note: the full list is for paying customers only). Due to the holidays, the roundup by email may be a few days later than usual.
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) Berlin-based food delivery powerhouse Delivery Hero is raising about €1.2 billion by issuing new shares. The company has stated that the money will be used to gain general financial flexibility and take advantage of “attractive investment opportunities.”
2) Hopin, the UK-based, 18-month-old virtual events startup now valued at a whopping $2.1 billion, has acquired live video streaming studio StreamYard in a deal worth $250 million.
3) French IT firm Atos made a more than $10 billion bid approach for US rival DXC Technology in what would be the deal-hungry IT consulting group’s biggest acquisition to date.
4) Mambu, a Berlin-based startup offering a SaaS banking platform has closed a round of €110 million. The funding gives Mambu a post-money valuation of €1.7 billion.
5) Online education company Kahoot is “on track” to list on the main Norwegian stock market by the end of March, its CEO told CNBC, after a pandemic-driven boom in digital learning helped the firm post strong growth in 2020.
6) Madrid-based Jobandtalent, a digital temp staffing agency which operates a dual-sided platform that connects temp workers with employers needing regular casual labor in sectors like transport and logistics, has added €88 million to its Series C — bringing the total raised following an earlier (2019) closing of the round to €166 million.
7) The new European Innovation Council (EIC) Fund is officially in action. The European Commission just announced the first round of direct equity investment, which amounts to about €178 million going to 42 startups and small and medium sized businesses.
8) The file-sharing service WeTransfer is joining the queue of European technology companies lining up to go public with plans for an Amsterdam stock market flotation in the coming months.
9) The UK competition watchdog has launched an investigation into the $40 billion takeover of the UK-based chip designer Arm by the US firm Nvidia.
10) An Italian court has ruled that an algorithm once used by Deliveroo to assess riders on its platform was discriminatory. The ruling found that the algorithm, which was used to evaluate delivery riders on the platform, was in violation of labor laws because it did not differentiate between the reasons a rider may have for not working.
"Since the pandemic started last year, European citizens have had to radically realign their lives to the new reality. For the most part, this has meant rapidly migrating our personal and professional lives online. With this comes a broad range of policy measures aimed at reinforcing Europe’s connectivity and heightening cybersecurity standards across 2021." (Euractiv)