Hello!
Here's what happened today in European Tech.
Deals
- Germany-based urban air mobility firm Volocopter has secured €200 million in new funding as it gears up for certification – and commercialisation – for VoloCity, its electric air taxi.
- Paris, London and Milan-based Sofinnova Partners has recently announced the closing of their oversubscribed late-stage healthcare crossover fund at €445 million. This now comprises the largest crossover investor dedicated late-stage biopharma and medtech fund in Europe.
- Atai Life Sciences, a German startup looking into ways of using psychedelic substances to treat mental health disorders, has been valued at about $2 billion in a $157 million Series D funding round ahead of its potential listing. The round was led by founder Christian Angermayer and Thiel Capital, the investment firm backed by tech billionaire Peter Thiel. Berlin-based Atai plans to hire Credit Suisse Group and Citigroup for a potential US initial public offering.
- Israeli cybersecurity startup Identiq has raised $47 million in Series A funding, with investments from Amdocs and Sony.
- UK-based cloud contact centre startup Mission Labs has been acquired by listed communications software group Gamma in a potential £46 million deal.
- Munich-based IDnow is on a mission to become one of Europe’s leading identity platforms. With the announcement of their acquisition of Identity Trust Management, the second within the last six months, the mission is clearly progressing.
- Tel Aviv-based BLEND, formerly OneHourTranslation, has closed a $10 million funding round that is expected to fuel continued growth. Previous investor Fortissimo Capital led the round.
- Euronext, the leading pan-European market infrastructure, today announced the acquisition of the remaining 40% interest in iBabs, a leading provider of dematerialised and secured board portal solutions for corporate and public organisations in Europe.
- 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 UK’s tech sector has hailed Rishi Sunak’s spending plans in the Budget today, saying the chancellor was “backing tech in a big way”.
- London should reform its listings rules to attract blank-check firms and tech unicorns post-Brexit, a UK government-commissioned review said Wednesday.
- Romanian blockchain startup Elrond is preparing to have its new global payments app support Bitcoin this month as it looks to rival more established rivals PayPal or Revolut, its CEO said, as it taps surging interest in crypto-currencies.
- France’s health ministry will have to defend its decision to integrate the medical portal Doctolib, which uses Amazon’s hosting services, into its online booking system for COVID-19 vaccinations before France’s top court.
- The use of micro-targeting for online political advertising could come in for new rules as part of legislation being readied by the European Commission, it has been revealed.
Today's Top Tweets
The race to become the startup nation of Europe has intensified following a number of UK's announcements on visas, EMI and IPO listings review. France has been filling the gap left by the UK, but it sounds like @RishiSunak says no more. 👇
— vojtech (@vojtech) March 3, 2021
New visa reforms aimed at highly skilled migrants, including:
👉 A new unsponsored points-based visa to attract the best and most promising international talent in science, research and tech.
👉 New, improved visa processes for scale-ups and entrepreneurs #Budget2021 pic.twitter.com/ztzwTmzRpx— Rishi Sunak (@RishiSunak) March 3, 2021
We are thrilled to support @Relevation13 , the digital fundraising summit for #PropTech, where we will moderate a breathtaking panel conversation! Visit https://t.co/j3pcEM6Jt8 for more info on this one-of-a-kind event you can't miss! pic.twitter.com/xqih7XtIzn
— tech.eu (@tech_eu) March 3, 2021
Lots announced by the Chancellor in today's HMG budget including reforms and processes for UK visas to help scale-ups grow even faster and as friction free as possible. Watch this space, lots to come. https://t.co/y8P6Ouxf6J
— Gerard Grech (@gerardgrech) March 3, 2021
So pleased to launch our new site today: https://t.co/Ylm7V6oGnR - Investing in Happiness.
Come check it out and feel free to send me/us (@HeartcoreCap) any broken links, spellings, bugs etc.— Max Niederhofer (@maxniederhofer) March 2, 2021
Our #DSA position paper is out: https://t.co/xS3a4fzZNV #EU #DigitalServicesAct pic.twitter.com/LrjgL0Fong
— CCIAEurope (@CCIAEurope) March 3, 2021
Delivery player VROMO inks deals with Square and Olo https://t.co/VCCnz5N6bY
— Silicon Republic (@siliconrepublic) March 3, 2021
“The mass-affluent segment is a huge market opportunity” 📢
Check out today's interview with @wealthpilot_de's founder & CEO, Stephan Schug, all about wealth management, the importance of regulations, and the future of #fintech 🚀https://t.co/ouY2htMSfu— EU-Startups (@EU_Startups) March 3, 2021
Welcome to the Delivery Hero family, Woowa! Delivery Hero has taken all actions to close the transaction yesterday, and we will now take the next steps to bring our partnership to life. Exciting times ahead! https://t.co/7rOLm1l3UI#deliveryhero #likeheroes
— Delivery Hero (@deliveryherocom) March 3, 2021
Next Wednesday our portfolio company @duedil @JustinWFitz will be hosting their first Partnership Program webinar, 'Leveraging partnerships to drive company growth' 🚀
Reserve your space below 👇#financialservices #fintech #partnershipshttps://t.co/Gt5bWHKONn— Notion Capital (@NotionCapital) March 3, 2021
Exclusive: European VCs to get extra €1bn from Brussels’ EIF
By @johnthornhillft for @Siftedeu https://t.co/AkXXRbr41F— Michael Stothard (@MStothard) March 3, 2021
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