Today in European Tech: TikTok's "Safety Advisory Council" for Europe, Rohlik scores €190 million, Vungle buys GameRefinery + more

Today in European Tech: TikTok's


Here's what happened today in European Tech.


- Rohlik, the Czech Republic-based online grocery supermarket and delivery service founded in 2014, is now a €300 million-a-year business thanks to Covid-19. The Prague-based company today announced that it has secured €190 million in funding to fuel further growth.

- Israeli digital asset security infrastructure developer Curv is in talks to be acquired by PayPal for more than $200 million, sources close to the matter told Globes.

- 'Fortnite' developer Epic Games has agreed to acquire Tonic Games Group, the British game studio behind 'Fall Guys'.

- Berlin-based 'dark stores' operator Flink has raised a hefty $52 million in seed financing. The round was led by Target Global and existing investors Northzone, Cherry Ventures, and Silicon Valley-based debt provider TriplePoint Capital.

- Dutch online supermarket Crisp has recently closed a €30 million funding round led by Target Global.

- After inking a $9.2 billion deal to merge their classifieds businesses last year, eBay and Norway’s Adevinta have announced a deal to sell off three popular web properties in the UK to get the deal cleared by local regulators, the Competition Markets Authority.

- Instamotion, the Munich-based platform for buying used cars, received €24 million in Series B funding led by G+J Digital Ventures in cooperation with the Ad Alliance.

- Expat focused, cross-border online banking fintech startup Rewire has just announced a sweet $20 million in series B funding and a “significant” line of credit from a “leading” bank. The round was led by OurCrowd, and included new key investors Renegade Partners, Glilot Capital Partners (via their early growth fund Glilot+), and Jerry Yang, former Yahoo! CEO and director at Alibaba, through AME Cloud Ventures.

- Mobile advertising platform Vungle has recently announced the acquisition of GameRefinery. The primary target of the acquisition being GameRefinery’s Game Intelligence platform, a service which helps point developers to optimal user retention and monetisation through a series of insights.

- Codat, a London-based startup that connects the data systems of small businesses to banks, fintechs and other institutions, has raised $10 million from Index Ventures to finance expansion into the US.

- German remote connectivity software company TeamViewer has acquired Upskill, a US company that specialises in augmented reality applications for front-line workers.

- Netherlands-based, a cloud software for conversational commerce, has reached an agreement to acquire Amsterdam-based PayPlaza, a point-of-sale payment acceptance platform. According to, the transaction comprises a consideration of €10 million.

- Piano is expanding its platform for digital publishers with the acquisition of AT Internet, a 25-year-old analytics company based in France.

- 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

- TikTok has announced the launch of a "Safety Advisory Council" for Europe — a body that will help the platform deal with content moderation.

- Google is backing a new £1.5 million fund investing in tech start-ups led by black founders, aiming to help close a vast gulf in venture capital flows.

- Interesting Views: a spotlight on Chris Tottman from Notion Capital and Included VC.

- SoundCloud has introduced 'fan-powered royalties' — which it says is a fairer and more transparent way for artists to earn money on the platform.

- Banking industry trade body UK Finance has set out detailed proposals for a new service company to replace the Open Banking Implementation Entity.

- Extended Reality: XR4ALL announces winners of the second open call.

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