Features/Profiles

Today in European Tech: EU fines Valve and 5 game publishers, Ironhack raises $20 million, Opera buys YoYo Games, and more

Robin Wauters 20 January 2021
Today in European Tech: EU fines Valve and 5 game publishers, Ironhack raises $20 million, Opera buys YoYo Games, and more
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Hello!

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

- Israeli retail analytics company Trax is preparing to go public on the New York Stock Exchange during 2021 at a valuation of at least $2 billion, but first it will be cutting down its workforce both in Israel and abroad.

- Norway-born Web browser maker Opera has acquired Scotland's YoYo Games, maker of the GameMaker Studio 2 game engine, for $10 million, and it has also launched its Opera Gaming division.

- Ironhack, the Spain-born international tech school, has secured $20 million in a Series B funding round led by Lumos Capital, with participation from Endeavor’s Catalyst Fund, as well as prior backers such as Brighteye and Creas.

- Perenna, a UK challenger bank hopeful, has landed $10 million in funding ahead of securing its banking licence for a Q3 2021 launch.

- Munich-based fintech wealthpilot has raised €8 million to continue developing its SaaS platform for wealth management. New investor Seventure pitched in €3.4 million, and the rest came from previous investors Bayern Kapital, MIG Fonds and business angels.

- Swiss startup 1plusX, makers of a marketing intelligence platform, has secured $7.8 million in the first close of its Series B round. Swisscanto Invest led the funding and were joined by BI.GARAGE, INC and DG Daiwa Ventures from Japan.

- 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

- The European Commission has fined Valve, owner of the online PC gaming platform “Steam”, and the five publishers Bandai Namco, Capcom, Focus Home, Koch Media and ZeniMax €7.8 million for breaching EU antitrust rules.

- The European Commission is to work alongside the European Central Bank (ECB) in probing a range of ‘policy, legal and technical’ pitfalls that could emerge as part of plans to introduce a digital euro crypto-currency in mid-2021.

- Crypto-broker BitPanda is taking pre-orders for a new Visa debit card that combines all assets like cryptocurrencies, fiat and precious metals into one card in real time.

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Today in European Tech: EU fines Valve and 5 game publishers, Ironhack raises $20 million, Opera buys YoYo Games, and more
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