Hello!
Here's what happened today in European Tech.
Deals
- Rocket Internet Growth Opportunities, a blank-check 'SPAC' company whose management team includes members of Rocket Internet’s leadership, plans to go public on the New York Stock Exchange in a $250 million deal, according to a Form S-1 filing.
- Israeli cybersecurity firm CYE has completed a $120 million series A funding round led by EQT Private Equity.
- Tencent has acquired a minority stake in Czech gaming studio Bohemia, known for developing Arma and DayZ.
- Instabox, a Stockholm-based company providing last-mile deliveries for e-commerce brands, has closed a $90 million Series B round led by EQT Ventures to fuel continued expansion within and outside of the Nordics.
- European VC firm OpenOcean, an investor in data solutions and software, has announced a €92 million raise for its third main venture fund.
- Copenhagen-based Labster, which sells virtual science laboratory simulations to schools, announced today that it has raised $60 million in a Series C round led by Andreessen Horowitz.
- After five years of growth, Tel Aviv-based startup Lusha has landed a $40 million Series A round to scale its crowdsourced data community for B2B salespeople. The funding came from Boston-based growth equity firm, PSG.
- Mobile-focused and partly Berlin-based blockchain payments startup Celo has raised $20 million from the likes of Andreesen Horowitz (a16z), Greenfield One and Electric Capital.
- London-based Uptime, creators of a free app that presents five-minute summaries of books, courses, and documentaries, has raised a $16 million seed round to bring its platform to more users globally.
- SecuriThings, the Israeli IoTOps company that wants to keep edge devices under control, has raised $14 million. Aleph led the round, with participation from existing investors Firstime VC and angel investors.
- French startup Powder has closed $14 million in Series A funding to build “the ultimate companion app” for gaming, which lets players share short videos of the action.
- 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 Union should prohibit targeted advertising as part of new rules against Big Tech platforms in the bloc’s Digital Services Act, the EU’s institutional data protection watchdog has said.
- Tier, the Berlin mobility start-up backed by Japanese tech behemoth SoftBank, has a grand plan to keep its rental scooter batteries full of juice: power them in local stores.
- Delivery Hero, Kahoot and Adyen reported financial results.
- Fintech startup Klarna is turning its mobile app into a banking app in Germany. Customers living there can now open a consumer bank account and get a Visa debit card.
- The Portuguese presidency of the EU has pitched a new text on the controversial ePrivacy regulation, focusing on the processing of communications metadata and data stored on end-user equipment.
- Pollinate, a UK-based merchant acquiring startup founded by former Monitise chief Alastair Lukies, is reportedly in talks to raise $50 million in new funding.
- According to a new report from the European Audiovisual Observatory into the SVOD, TVOD and AVOD markets in the 28 European Union countries, there has been an explosion of income representing the seismic shift of consumer habits.
Today's Top Tweets
EU officials want to invest in technology that would help European companies catch up to global competitors.
Their list includes:
🔐 Secure communication networks
🖥️ Joint purchases of quantum computers
👥 An “Industrial Alliance” launching in April https://t.co/zXO4zBxkw8— POLITICOEurope (@POLITICOEurope) February 10, 2021
Today we released our H2 2020 financial results which reflected business resilience and continued profitable growth in the second half of 2020. Listen to the call and see the results here: https://t.co/QfwoEJIark pic.twitter.com/hJMISZnTZo
— Adyen Payments (@Adyen) February 10, 2021
Hats off to @2021PortugalEU for finally getting #ePrivacy over the line - it’s the ninth EU Council presidency to have attempted to do so.
Next stop: Parliament talks— Samuel Stolton (@SamuelStolton) February 10, 2021
Join a new team in the middle of a pandemic they said ...
Well, @SamsungNEXT #Europe's new Technical Director @RodrigoRivr has done just that!https://t.co/yXiV9Djk6O— Iskender Dirik (id.vc) 🤖 (@iskenderdirik) February 10, 2021
Today we are refining our focus at @freigeist! https://t.co/RLYIrVCr75 #Startups #Technology #Disruption #Europe #OnePlanet
— Frank Thelen (@frank_thelen) February 10, 2021
Hiroki is one of the most low profile, high impact 🦄 CEOs in Europe.
He has:
- helped 100,000s SMEs move their business online
- saved people £100Ms in card transaction fees
- Supported a new generation behind cos like Monzo, Nested, Duffel etc.
Come listen to us @SaaStock: pic.twitter.com/cNg0VC01s2— James Wise (@jpwiseuk) February 10, 2021
Episode 18 is live.
This week it's the brilliant @cee, Managing Partner @seedcamp. We discuss how Carlos first got into venture, building Seedcamp, investing in companies like @Hopin and what's next for the European tech scene.
Spotify link: https://t.co/54nyjGmwx1 pic.twitter.com/m3LJlLL7I4— Riding Unicorns (@ridingunicorns_) February 10, 2021
New Episode just released: @kairkasper and @k6iva, the co-founders of @Klaus on key customer support trends and their secret to building great products customers want. https://t.co/w8WOkpa6Cl
#startups #Entrepreneurship #startup #estonia #europeanstartups #customersupport pic.twitter.com/uHMuR84hwL— Anita Moorthy (@anitamoorthy) February 10, 2021
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