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Today in European Tech: Moonpig preps London IPO, Getir nabs $128 million, Protolabs buys 3D Hubs for up to $330 million, and more

Robin Wauters 19 January 2021
Today in European Tech: Moonpig preps London IPO, Getir nabs $128 million, Protolabs buys 3D Hubs for up to $330 million, and more
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Below, you can find out what happened today in European Tech.

Before you do: are you, or do you know someone, who can help us keep track of these things? We're hiring a tech journalist/news editor to expand our team and coverage.

Deals

- Online card retailer Moonpig has confirmed that it plans to go public on the London Stock Exchange in a £1.2 billion float next month after demand for its cards surged during the coronavirus pandemic.

- Sequoia Capital has agreed to invest in Auto1 at a valuation of around €6 billion ahead of the German online car-trading platform’s IPO, Bloomberg reports.

- Denmark-born digital experience management software company Sitecore announced today that it has secured backing for a "large-scale growth plan" fueled by $1.2 billion in investment.

- Protolabs, the US-based provider of a manufacturing service for custom parts, has acquired The Netherlands-based 3D Hubs, an online platform that provides engineers with on-demand access to a network of approximately 240 manufacturing partners. The purchase price is $280 million, which Protolabs is paying with $130 million in cash and $150 million in stock.

- PPRO, a London-based startup that has built a platform to make it easier for marketplaces, payment providers and other e-commerce players to enable localised payments; has closed a round of $180 million, lifting its valuation to over $1 billion.

- Turkish on-demand delivery kingpin Getir has raised $128 million at a ∼$850 million valuation, as e-commerce activity and demand for snappy deliveries have spiked in the wake of the coronavirus pandemic, and global competition is heating up fast.

- Israeli company Quali, which develops solutions for the automation of computing, communications and cloud infrastructure, has completed a $54 million series C funding round led by Greenfield Partners and JVP.

- London-based education and career platform Multiverse, formerly known as WhiteHat, has announced a hefty $44 million Series B funding round in addition to the rebranding.

- Paris-based neo-insurer Lovys has announced that it has secured €17 million in Series A funding from Heartcore, NewAlpha, Raise Ventures and prior backers Maif Avenir, Portugal Ventures and Bpifrance.

- TeamViewer, the listed German provider of remote connectivity solutions and workplace digitalisation tech, this morning announced its acquisition of Xaleon, a Linz, Austria-based startup formerly known as Chatvisor that builds customer engagement software.

- Hamburg-based Exporo, a platform connecting real estate developers with investors, has secured €16 million in funding, says a curt announcement on the company’s website.

- French insurtech startup Leocare, which offers a ‘modern’ way to get homes, cars, motorbikes and smartphones insured, is raising €15 million from Felix Capital, Ventech and Daphni to fuel its growth.

- 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

- Brussels is not done with Google and has added the advertising technology at the heart of the search giant's business model to its long list of concerns. After slapping the U.S. search giant with fines exceeding €8 billion in three antitrust cases, the European Commission is now running two more investigations into Google, according to a questionnaire seen by POLITICO.

- Fines imposed under the GDPR have increased by almost a half over the past year as European authorities flexed their regulatory muscles despite disruption caused by the pandemic.

- Glovo, the global on-demand delivery platform headquartered in Barcelona, has announced a strategic partnership with Swiss-based real estate firm, Stoneweg, as the company expands its newly-launched ‘q-commerce’ division. Stoneweg will invest €100 million in building and refurbishing city real estate in some of Glovo’s key markets, creating new dark stores that can hold inventory and fulfill orders.

- The Turkish government has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in the country under a new social media law.

- Beyond the Horizon: How Irish firms fared in Europe’s flagship R&D funding programme.

- UK-based SME lender Nucleus Commercial Finance has secured a new £200 million funding line from two investment management firms.

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Today in European Tech: Moonpig preps London IPO, Getir nabs $128 million, Protolabs buys 3D Hubs for up to $330 million, and more
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