Today in European Tech: is en route to an IPO, France's Sorare scores €40 million, Klarna reveals 2020 earnings, and more

Today in European Tech: is en route to an IPO, France's Sorare scores €40 million, Klarna reveals 2020 earnings, and more


Here's what happened today in European Tech.


-, the UK-based online furniture retailer, has reportedly picked a trio of investment banks to work on a stock market flotation that would value it at up to £1 billion.

- Desenio, a Swedish direct-to consumer company that sells wall art online, today started trading its shares on Nasdaq First North Growth Market. The listing valued the Stockholm-based company at roughly €1 billion.

- UK digital bank Atom Bank is to raise £40 million (about €46.4 million) from existing investors, and is planning to shoot for a public listing as early as next year.

- Paris-based ‘digital collectible’ football platform Sorare has raised €40 million ($50 million) in Series A funding to boost its growth. The financing round was led by Benchmark, with additional funding from Accel and new business angels. The angels include Reddit co-founder Alexis Ohanian, Gary ‘Vee’ Vaynerchuk and football players Rio Ferdinand and Antoine Griezmann.

- German electric vehicle manufacturer e.GO Mobile has received over €30 million in Series B funding in a round conducted by nd Industrial Investments, the company’s majority shareholder.

- Monument, a UK digital banking startup for the well-heeled, has landed £28 million in new funding from existing backers and a trio of angel investors.

- France's Maze has closed a $15 million Series A funding round led by Emergence Capital. The company lets you run user tests at scale so that you can get feedback before rolling out a design update or test copy.

- Chelmsford-based eco-conscious freight truck innovator Tevva designs and develops mass-market extended-range electric-powered trucks and related technologies. Now, the Tesla rival has secured $12.5 million.

- Nyobolt, a cutting-edge battery company out of Cambridge University, has secured $10 million in Series A round led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors.

-, a Swedish startup allowing users to pay celebrities for personalized video messages, has raised $10 million in Series A funding.

- TreeCard, a London startup that plants trees financed by customers’ everyday spending, has raised a $5.12 million seed round led by EQT Ventures, with participation from Seedcamp and Episode 1.

- Shell is to acquire all shares in German digital utility company Next Kraftwerke, buying from VC investors including High-Tech Gründerfonds (HTGF) and Neuhaus Partners, as well as investors Dirk Freise and Martin Ostermayer.

- Former Mastercard Europe president Javier Perez has invested €4 million in Danish subscription terminator startup Subaio.

- 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

- Klarna, the Swedish payments company, this morning reported its annual financial results. The ‘buy now, pay later’ company reported a 40% increase in net operating income in 2020, helped by its expansion in the US and a couple of other markets, breaking the $1 billion income threshold for the first time.

- TikTok has overtaken Facebook in social media use in Russia.

- European fintechs N26 and Raisin are expanding their collaboration to address the negative interest crisis.

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