Here's what happened today in European Tech.
- Epidemic Sound, a Sweden-based marketplace for 'background music', has raised $450 million from Blackstone Group and EQT Growth, an equity round that values Epidemic Sound at $1.4 billion.
- The valuation of one of Britain's most prominent digital banks, Atom Bank, is about to halve, underlining the challenges facing new lenders in an era of ultra-low interest rates.
- In a move to expand their capabilities in analytics-driven transformation and workplace cultures, global giant Accenture has acquired Germany-based consulting firm fable+.
- London-based braintech startup HelloSelf has raised £5.5 million in a Series-A funding round powered by OMERS Ventures.
- Mons, Belgium-based Faqbot has been acquired by cloud communications solutions provider Destiny. Financial details were not disclosed.
- Finnish SaaS startup Cambri has recently raised €3.6 million in Series-A round led jointly by OpenOcean and Spintop Ventures.
- 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.
- Spain’s government has reached an agreement with trade unions and business associations over labor reforms that will see delivery platform couriers recognised as employees.
- European regulators are struggling to build a case with enough evidence to bring antitrust charges against tech giant Amazon.
- For the last two years police and Internet companies across the UK have been quietly building and testing surveillance technology that could log and store the web browsing of every single person in the country.
- Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company announced today.
- Taavet Hinrikus, co-founder of (Transfer)Wise and Teleport founder Sten Tamkivi have joined forces to launch a new investment firm. Hinrikus and Tamkivi intend their new firm to have a strong mission-driven influence on the European tech scene for decades to come.
- In an email to French and Spanish advertisers last week, Google announced a 3% increase in advertising rates on its platform from May, to cover what has been termed the ‘GAFA tax’ in force in both countries.
- A new open-source initiative called OpenVC wants to get out ahead of the curve by offering an online platform where VCs can display their investment criteria – things like preferred geography, technology stack, sector, stage, check size, etc.
- EU negotiators want an ‘absolute guarantee’ that personal data transferred to the US will not be subject to ‘mass surveillance,’ as part of ongoing talks on a new EU-US data transfer mechanism, according to the European Commission’s vice-president for values and transparency, Věra Jourová.
- The software facet of supercomputing, and the promise of RISC-V and open hardware.
Today's Top Tweets
— Ecommerce News (@EcommercenewsEU) March 11, 2021
.@Ofcom has published a statement announcing a month-long notification period for video-sharing platform services (VSPs) in UK jurisdiction. Read more about what this might mean for your company on the #techUK website here: https://t.co/i9WvGfytO9 pic.twitter.com/weam3QjBKg
— techUK (@techUK) March 11, 2021
As part of our ongoing investment to R&D and contribution to multimedia and video technology standards, we’re delighted to announce that we have signed a patent license agreement with Samsung, which covers the use of Nokia’s innovations in video standards. https://t.co/o4n9Dg3JRh pic.twitter.com/XxZ7PAf4pP
— Nokia (@nokia) March 11, 2021
Head of Comms at @DraperEsprit.
Sign up to work with:
- Incredible investors like @NikkiMcClaff, @vinothj, @ingadeakin
- Amazing companies like @RiverLane_io@graphcoreai @Ledger
- A leading, publicly listed European VC
- Me! https://t.co/2HILPmi5HV
— James Clark 📈📉🤷🏼♂️ (@mr_james_c) March 11, 2021
Meet another guest at our next #ToThePoint event on 17 March. Daniel Nathrath (@nathrath), the co-founder and CEO of @adahealth , will join our conversation on the present and future of the #healthtech sector in Europe. Sign up for free now: https://t.co/VntE9NZQX6 pic.twitter.com/ZlMdeagPSH
— tech.eu (@tech_eu) March 11, 2021
Why the next generation of supercomputers will (need to) be built with open hardware and software: an introduction https://t.co/meoSADlEOY
— Eline Chivot (@ElineCMC) March 11, 2021
We’re pulling back the curtain in our new podcast miniseries “Spotify: A Product Story.” Take a listen for some never-before-heard stories on Spotify's product journey. https://t.co/b8tOzCKzws
— Spotify News (@SpotifyNews) March 11, 2021
— Harry Briggs (@H4ryB) March 11, 2021
— Gründerszene (@gruenderszene) March 11, 2021
📣Calling all women working in #cybersecurity to join the @Women4Cyber registry 🛡️
☑️Join expert groups
☑️Be invited as a media expert
☑️Speak at events
☑️Find new business opportunities
☑️Increase your visibility
— Digital EU 🇪🇺 (@DigitalEU) March 11, 2021
— AltFi (@AltFiNews) March 11, 2021
Little DeepMind scoop. The AI lab has quietly set up a team in New York and the co-founder of Facebook AI Research is leading it https://t.co/XHghMK936e
— Sam Shead (@Sam_L_Shead) March 11, 2021
— Private Equity News (@PrivateEquityN1) March 11, 2021
— Robin Wauters @ tech.eu (@robinwauters) March 11, 2021
— Capital-Riesgo.es (@CapitalRiesgo1) March 11, 2021
— London & Partners Business (@businesslondon) March 11, 2021
— deutsche-startups.de (@DStartups) March 11, 2021
2021 has only just begun, but it’s already been a busy year at #DeliveryHero. As the company continues to grow, we caught up with our Chief People Officer, @itsjerilynne about leading teams through hypergrowth and the future of work.
The secret to her success?#likeheroes pic.twitter.com/O4lL68eYWJ
— Delivery Hero (@deliveryherocom) March 11, 2021
Tell us what you think about this daily roundup and how we can improve it!
And follow us on Twitter of course.