This week, our research team tracked over 90 tech funding deals worth nearly €2.5 billion, and about 25 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).
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).
But before you check out the list: 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.
1) Finnish food delivery firm Wolt raised $530 million
Finnish food delivery juggernaut Wolt has raised $530 million in fresh funding to boost its growth. The round, which takes its total raised to a hefty $856 million, was led by ICONIQ Growth with Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joining as new investors.
On behalf of the whole Slush team, massive congratulations to whole Wolt team on their recent $530m funding round.
Wolt is one of many Slush alumni founded startups that will become future-defining companies. https://t.co/9nNYxGWky3
— Slush (@SlushHQ) January 25, 2021
2) Workday acquired Danish HR tech startup Peakon for $700 million
HR and finance software provider Workday has acquired Denmark-based SaaS company and ’employee success platform’ provider Peakon for roughly $700 million in cash.
Huge day for the Peakon team! Thanks to everyone who's worked with us, invested in us, and believed in us enough to run their company with us. We are incredibly excited for what comes next.https://t.co/hH88lNQwMq
— filchambers (@filchambers) January 28, 2021
3) A German enterprise exit: SAP picks up Signavio
SAP has acquired German enterprise software firm Signavio, without disclosed the terms of the deal. Bloomberg had earlier pegged the purchase price at around €1 billion.
— Signavio (@signavio) January 27, 2021
4) LendInvest secured a £500 million investment from JP Morgan
UK-based property financing and investment platform LendInvest has secured a £500 million investment from JP Morgan. The fresh cash will be used for LendInvest’s future mortgage originations and comes after LendInvest sold a £125 million mortgage portfolio to JP Morgan in September of last year.
Starting the year as we mean to go on @LendInvest - it’s fantastic to be able to announce a new major funding partnership with @jpmorgan. Get the full story over @Bloomberg this morning: https://t.co/0whsebG3ZA
— Leigh Rimmer (@leighrimmer) January 28, 2021
5) InPost's stellar Amsterdam IPO
InPost soared in trading after its shareholders raised €2.8 billion euros in Europe’s biggest IPO since 2018, amid an online shopping boom that’s driving up demand for the Polish company’s automated parcel lockers.
Today, we are delighted to welcome InPost S.A., the Polish e-commerce enablement company, to Euronext Amsterdam! The company's market capitalisation was €8 billion on the day of listing with an issue price of €16 per share. Read more here: https://t.co/BnM41PURpH #IPO pic.twitter.com/TKIjhVIJLe
— Euronext (@euronext) January 27, 2021
6) Online card retailer Moonpig confirms imminent IPO plans
Online greeting-card retailer Moonpig and its shareholders plan to raise as much as $524 million in an IPO in London, part of a rush of European companies looking to capitalize on robust stock markets and pandemic-fueled sales growth.
Online greeting-card retailer plans to raise up to $524 million in its London IPO https://t.co/6CpRoNJpQo
— Bloomberg (@business) January 26, 2021
7) The Carlyle Group acquired RuneScape publisher Jagex
Investment firm The Carlyle Group has acquired British RuneScape publisher Jagex for at least $530 million.
Exclusive: Buyout fund Carlyle Group is snapping up Cambridge's Jagex, the studio behind massive online video game Runescape, in a deal likely to be worth north of $500m - tip @Techmeme https://t.co/MSVu7RiBRp
— Matt Field (@matthfield) January 22, 2021
8) Twitter has acquired Revue, a newsletter platform
Twitter has acquired Revue, a newsletter platform based in Utrecht, the Netherlands. The financial details of the deal have not been disclosed. Over the course of its existence since 2015, Revue has raised €400,000 and kept a minimalist team of six people.
— Martijn de Kuijper (@mdekuijper) January 26, 2021
9) New details on AUTO1's upcoming IPO; plans to raise at least €1.5 billion
German used-car trading platform AUTO1 set a range of between €32 and €38 per share for its IPO, implying that its Frankfurt flotation will raise at least €1.5 billion.
— AutoNews Europe (@AutoNewsEurope) January 25, 2021
10) Israeli B2B payments platform Melio raised $110 million
Israeli B2B payments platform Melio has completed a $110 million financing round, led by Coatue at a valuation of $1.335 billion.
— Eze Vidra (@ediggs) January 27, 2021
tech.eu Podcast #204: PitchBook’s Nalin Patel, Wolt wants to deliver everything, Twitter buys Revue, InPost’s IPO, and more
- PitchBook this week released its 2020 Annual European Venture Report, sharing key funding and exit stats and insights to (once again) recognise European Tech’s record year – as well as its challenges ahead. In a year that will forever be remembered as the year of the coronavirus outbreak, PitchBook says the European tech ecosystem actually more than held its own, with VC deal value hitting a new annual record of €42.8 billion across 9,341 deals.
- Included VC launched Fellowship II, a global nine-month, fully funded Fellowship for individuals from diverse backgrounds looking to enter the VC ecosystem. Ten funds are backing the programme, including Microsoft’s M12, Santander’s Mouro Capital and Seedcamp, and HSBC has joined, as well.