Today in European Tech: German insurtech startup Clark nabs €69 million, Revolut applies for UK banking licence, and more

Today in European Tech: German insurtech startup Clark nabs €69 million, Revolut applies for UK banking licence, and more


Here's what happened today in European Tech:


- Getir is close to signing a deal for fresh funding at a valuation of more than $800 million, as Turkey’s biggest online delivery service gets ready to expand into the UK.

- Frankfurt, Germany-based insurtech scale-up Clark has raised €69 million from Tencent and others.

- Berlin-based fintech company smava and, a comparison service for consumer loans, are negotiating a merger.

- Israel-based consumer lending startup Blender is heading for an IPO on the Tel Aviv Stock Exchange, aiming to raise approximately $22 million at a valuation of $88 million.

- Italian grocery delivery company Cortilia has closed a €34 million Series C round to fuel expansion as a sustainable B-corp.

- International data provider IHS Markit announced today that it has acquired Israeli software company Cappitech. The Herzliya-based company provides technology for regulatory reports to global financial institutions. No financial details about the deal were disclosed.

- Kenbi, a German startup that’s developing software to help nurses and fill gaps in the healthcare system, has raised €7 million in seed funding. The round was led by Redalpine, with existing investors Heartcore,, and Partech on board as well.

- Ryte, the Munich-based website quality management platform, has raised €6.5 million to prepare for international expansion. The round was led by Octopus Investments’ Development Capital team.

- 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 Reading/Knowing

- EU and British officials have raised new questions on the regulation of Big Tech after some major social media platforms banned the accounts of President Donald Trump.

- Telecom company Orange is making some changes to its venture capital arm. Orange Ventures is becoming a separate legal entity and Orange itself is allocating €350 million.

- Revolut boss Nikolay Storonsky has outlined ambitious expansion plans for the payments platform after applying for a banking licence in Britain.

- Goldman Sachs has named a number of European tech companies it says are set to benefit from the acceleration of the region’s digital economy.

- Insurtech in Europe: 2020 in review

- Crowdfunding platform Seedrs saw investments through its platform top £293 million in 2020, hitting a milestone of £1 billion invested to date on Christmas Day.

- The Turkish Competition Board has launched an investigation into WhatsApp and its owner Facebook after the messaging app asked users to agree to let Facebook collect user data including phone numbers and locations.

- Unit 81: The elite military unit that caused a big bang in the Israeli tech scene.

- Asto Digital, a UK startup offering small businesses app-based invoice and expense management services, as well as short-term financing, is set to shut down after parent Santander pulled the funding plug, Finextra reports.

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