Today in European Tech: Vivino raises $155 million, Box acquires SignRequest, Spotify shares its Q4 2020 earnings, and more

Today in European Tech: Vivino raises $155 million, Box acquires SignRequest, Spotify shares its Q4 2020 earnings, and more


Here's what happened today in European Tech.


- Israeli fintech powerhouse Payoneer has entered into a definitive agreement with Nasdaq-listed SPAC FTAC Olympus Acquisition Corp. Once the reorganization is complete, the merged company will begin trading at an implied estimated enterprise value of approximately $3.3 billion.

- Swedish gaming company Embracer has agreed to buy three gaming companies including US-based Gearbox, which makes the first-person shooter game Borderlands, for up to $2.5 billion. The other acquisitions are Cyprus-based Easybrain and US-based Aspyr Media.

- Denmark-born wine recommendation and marketplace Vivino has raised $155 million in a Series D funding round – a sum over twice as large as all of its previous funding to date.

- Box, a publicly traded cloud content and storage company, plans to spend $55 million to acquire Dutch startup SignRequest, a cloud-based electronic signature service. The deal should close by the end of April.

- A new Israeli SPAC is on course for a $100 million initial public offering on Nasdaq. The company, named Moringa Acquisition, recently filed a prospectus and is led by former senior executives at Israeli tech powerhouses SimilarWeb and Stratasys.

- Israeli autotech company REE, developer of a modular platform for electric vehicles, will be floated in the US through a merger with an SPAC, 10X Capital Venture Acquisition Corp. The flotation will be at an estimated pre-money valuation of $3.1 billion.

- Israeli autonomous real-time computing workload optimization and cost reduction solution company Granulate today announced the completion of a $30 million Series B financing round.

- Spanish banking giant BBVA has sold Holvi to an investment firm set up by one of the Finnish fintech's founders. Terms of the deal were not disclosed.

- Porto and New York-based healthtech company SWORD Health, a fast-growing virtual musculoskeletal (MSK) care provider, has raised €20.7 million in Series B funding.

- Belgian data intelligence company Collibra has acquired OwlDQ, a US-based provider of predictive data quality software. Terms of the acquisition were not disclosed.

- France's Beam has raised a $9.5 million Series A round. The startup is working on a new web browser that completely rethinks the way you start a web session and browse around.

- 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

- Swedish music streaming giant Spotify announced its earnings for Q4 2020.

- The Italian government is considering measures to introduce a ‘public digital identity system’ in order to better control children’s access and use of social media platforms.

- Bebo chief reveals plan to take on Facebook and Twitter.

- There’s a new trend in takeouts — and Amazon looks ready to take advantage (with the help of Deliveroo).

- Cashplus, an established fintech firm offering digital banking services to UK businesses, has secured a full UK bank license.

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