This week, our research team tracked about 90 tech funding deals worth over €2.75 billion, and more than 20 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).
1) AUTO1 went public with a bang
Shares in used-car trading platform AUTO1 raced ahead in their stock exchange debut on Thursday, as Germany’s first big IPO of the year was snapped up by tech-hungry investors. The shares opened in Frankfurt at 55 euros a share, valuing the nine-year-old Berlin startup at €7.9 billion.
Auto1 IPO soars 45% and generates Germany’s newest Tech Billionaires https://t.co/rRMfBtJjvU
— Jörn Menninger (@JoeMenninger) February 5, 2021
2) Dutch food delivery giant Just Eat Takeaway.com raised €1.1 billion
Just Eat Takeaway.com, the Amsterdam-based food ordering and delivery juggernaut, has raised €1.1 billion through a two-tranche convertible bonds offering, for general purposes but also to bankroll “strategic opportunities which may arise”.
Just Eat Takeaway .com has successfully placed a two-tranche convertible bonds offer of €1.1bn https://t.co/Oqg5CkbOeJ
— MCA (@MCAInsight) February 2, 2021
3) Payoneer is en route to an IPO, via SPAC
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.
— Payoneer (@Payoneer) February 3, 2021
4) Software scale-up UiPath was valued at €35 billion
Romania-born UiPath has raised $750 million in a funding round that values the automation software maker at $35 billion. The round was led by Alkeon Capital and Coatue.
— Earlybird VC (@EarlybirdVC) February 5, 2021
5) Applovin bought Berlin's Adjust for $1 billion+
Applovin, the mobile ad platform and games publisher that is rumoured to be going public in 2021, has acquired Adjust, the Berlin-based mobile advertising attribution company. Terms of the deal were not disclosed, although there a number floating around between $1 billion and $1.2 billion in a combination of cash and stock.
What a great exit for the German/European ecosystem. And very impressive execution over the last couple of years. Plus very capital efficient creation of enterprise value. Congrats to the @adjustcom team. Definitely need more of exactly this: https://t.co/o5aVnM9ke4
— Florian Heinemann (@fheinemann) February 4, 2021
6) Moonpig valued at £1.2 billion in London IPO
Online greeting card retailer Moonpig saw its shares rise by 25% within minutes of pricing its London IPO on Tuesday, underlining bullish investor appetite and setting the stage for other e-commerce companies to follow. The listing price valued the company at around £1.2 billion ($1.64 billion).
Moonpig soars on market debut as shares leap by a quarter within minutes
Online greeting card platform Moonpig saw its shares rise by 25 per cent within minutes of pricing its London #IPO today, @_DamianShepherd writes https://t.co/ckM35mDEym#Moonpig @MoonpigUK #MoonpigIPO
— City A.M. (@CityAM) February 2, 2021
7) Wine marktplace Vivino raised $155 million in funding
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.
It's wine o'clock 🍷
Get your phone out and let @vivino help you find your favourite wine!
Impressive founder, impressive growth journey and impressive funding round!
congrats @heinizach & team!https://t.co/6IJT2bYDDn
— Felicitas Hagen (@FeeHagen) February 3, 2021
8) EU claimed court errors in bid to overturn €13B Apple tax judgment
EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone maker Apple to pay €13 billion in Irish back taxes, in a filing to have the verdict overturned.
Brussels is appealing a court ruling that said Apple did not have to repay €13 billion in back taxes to Ireland. https://t.co/E7imCFVSGZ
— euronews (@euronews) February 1, 2021
9) Eurazeo raised $340 million for a new fund
Private equity and venture capital firm Eurazeo has pulled in an additional €340 million from a group of international investors.
Delighted to announce €340m in new commitments to the #EurazeoGrowth strategy, provided by international investors 💰 This is a new milestone demonstrating investors' appetite & trust in our team to deliver in the future 👉 we now manage over €4bn in fast-growing #Tech assets!
— Eurazeo (@eurazeo) February 3, 2021
10) Box went shopping in The Netherlands, picked up SignRequest
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.
I’m incredibly excited to announce that’s Box has acquired SignRequest, a leading esignature innovator, and that we’ll be launching Box Sign this summer. Box Sign will be *included* in all Box’s business and enterprise editions. Learn more here: https://t.co/bR7WQIRJJv
— Aaron Levie (@levie) February 3, 2021
tech.eu Podcast #205: Aline Muylaert of CitizenLab, money for wine and robots, European IPOs pop, and more