Below, you can find out what happened today in European Tech.
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- 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.
- 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.
A couple of interesting updates in this @bymaddyness story by @ponsheloise on Xavier Niel's (@Xavier75) 42 coding school (@42born2code).
First, they now have 33 campuses with a goal of 50 by 2025. Impressive! https://t.co/0d9uIydIO5 - via @bymaddyness /
— Chris O'Brien (@obrien) January 20, 2021
#BigTech & #regulation. Another good @vestager interview by @JavierespFT. Key messages:
⚡️EC "encouraged" by Member States taking action
⚡️She says pan-EU set of rules also in big tech's interest (vs. patchy national scenario)
⚡️EC wants to move quicklyhttps://t.co/VP19urfibq
— Alessandro Gropelli (@agropelli) January 20, 2021
The UK is a great place for incubating tech startups. But despite the obvious entrepreneurial talent and market opportunity, we’ve still never managed to produce a Facebook, or a YouTube, or a Tesla. Why? #UKtech @richard_anton @OxxVC https://t.co/8oPG97Iz9t
— Maddyness UK (@Maddyness_UK) January 20, 2021
In 2021, the two biggest EU policy threats to privacy that (could) emerge almost contemporaneously with one another are:
- Plans for an EU-wide digital identity
- Plans for an EU-wide digital currencyhttps://t.co/bKXTjCdmuz
— Samuel Stolton (@SamuelStolton) January 20, 2021
More Greek funds launching with the aim to invest in technology ventures. Phaistos Fund launched a few days ago with an initial size of €93M and will invest in companies developing 5G applications.https://t.co/5BnrM0f1NQ
— Greek Startup Pirate (@StartupPirateGR) January 20, 2021
"We automate as much as we can with technology, but the last mile is always about the personal touch. It's a mix between the two" - @TramWasHere 🤝 @TaxScouts & @withplum join @cee on this week's podcast where we discuss the simplification of finance 🚀https://t.co/YKLgVZHSEs
— seedcamp (@seedcamp) January 20, 2021
— UKTN (UK Tech News) (@UKTNofficial) January 20, 2021
.@OctopusVentures, one of the largest and most active VCs in Europe with £1.3 billion under management, this morning said it has appointed Emma Davies as Co-CEO. She joins from Marlylebone Partners, where she was a Partner.
— tech.eu (@tech_eu) January 20, 2021
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