Here's what happened today in European Tech.
- Milan-based proptech firm Casavo has secured €200 million in financing in an effort to revolutionise the way individuals buy and sell homes in Europe.
- Israel-based developer of grid computing software Incredibuild has raised $140 million from Insight Partners as it looks to expand in the US and become a $1 billion company in as little as two years.
- Israeli cloud security company Wiz has raised $130 million in a financing round at a company valuation of $1.7 billion.
- UK-based fintech venture fund Illuminate Financial has closed the lid on a $100 million war chest with backing from Barclays, JPMorgan, Deutsche Boerse and IHS Markit.
- Paris-based HR tech firm PayFit saw a 40% growth over the course of 2020, and has closed a €90 million Series D funding round.
- Berlin-based fintech MODIFI has secured $60 million in from Silicon Valley Bank, now bringing their total capital to $111 million.
- Snap has acquired Fit Analytics, a Berlin-based firm that helps consumers pick the right size of clothing when they shop online.
- Whereby, the Norwegian video meeting platform that’s taking on Zoom, Microsoft, and Google, has raised $12 million in a Series-A round.
- Dija, the London-based grocery delivery startup backed by Blossom Capital, Creandum and Index Ventures, has acquired Cambridge, UK-based Genie, in what looks in part like an acqui-hire.
- 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.
- Weeks after a top court ruling that could shake up Britain’s wider 'gig economy', Uber today said it is granting its UK drivers worker status, with benefits including a minimum wage – a world first for the US ride-hailing giant.
- France’s competition authority has given the go-ahead for Apple’s new privacy protocols to be implemented, stating that the move does not “constitute an abuse of a dominant position,” as part of a decision issued today.
- The Council of the European Union gave the green light to the Digital Europe programme to fund investment in cutting-edge technology in the EU, in areas such as artificial intelligence and cybersecurity, with a total budget of €7.6 billion to 2027.
- France’s data protection authority has opened an official probe into Clubhouse over concerns the iPhone audio app may be breaking privacy rules in Europe.
- As the UK adopts digital banking, early leader Monzo is losing market share to rivals including Starling Bank, Curve, Bunq and Revolut, according to figures from Apptopia.
- UK should embrace the boom in SPACs despite signs of a bubble in the US.
Today's Top Tweets
Looking for a European company that wants to acquire your Amazon FBA brand?
➡️ Check out our extensive list of Amazon seller acquisition companies: https://t.co/erw9UtO4Bp #amazon #fba pic.twitter.com/iaySo8mxZY
— Ecommerce News (@EcommercenewsEU) March 17, 2021
Good news! @EUCouncil gave green light ✅ for #DigitalEU programme 🥳
🖥️ €2.2b for #supercomputing
🤖 €2.1b for #ArtificialIntelligence
🛡️ €1.7b for #cybersecurity
👩💻 €580m for advanced #DigitalSkills
🌍 €1.1b for more #tech across economy & society pic.twitter.com/vPV9rS5jER
— Digital EU 🇪🇺 (@DigitalEU) March 17, 2021
Can't stop laughing at Uber's chutzpah. After pretending the ruling didn't apply to all UK drivers, it's now telling other platforms to "join us in improving the quality of work for these important workers who are an essential part of our everyday lives.” https://t.co/HDhtxbudJZ
— David Meyer (@superglaze) March 17, 2021
Thrilled to welcome the newest member of the @eutechalliance: @trivago! A great addition to our dynamic and diverse group of European tech scale-ups.
Look forward to working together with @AxelHefer on the future of #EU tech! 🤝
EUTA’s statement: https://t.co/JuDSMCK2hU
— Magdalena Piech (@magda_piech) March 17, 2021
What has a €1️⃣0️⃣B budget and launches tomorrow?
The 🆕 fully-fledged #EUeic! 🚀
From #deeptech 💭 to #green solutions ♻️ , the EIC is a pioneer in #innovation.
Join us tomorrow as we embark on a new journey 👉https://t.co/w9PoCnHMO6 pic.twitter.com/qtKDTgI850
— European Innovation Council (@EUeic) March 17, 2021
Three months ago eToro wanted to IPO at a $5bn valuation. Today they go public via SPAC at 2x that valuation https://t.co/ivbcnxAaDh
— hussein kanji (@hkanji) March 17, 2021
— Florian Graillot (@FGraillot) March 17, 2021
Council of Europe adopts declaration on AI decision making today, noting that the unregulated employed of these systems can “bring about immediate destitution, extreme poverty or even homelessness and cause serious or irreparable harm to those concerned." https://t.co/T4qTgYBRg3
— Samuel Stolton (@SamuelStolton) March 17, 2021
Inbox: David Willets, Britain's former Minister for Universities and Science, has joined the board of Darktrace as a non-executive director
— Sam Shead (@Sam_L_Shead) March 17, 2021
We're delighted to have raised money from some of the world’s best investors, helping us bring better meetings to teams wherever they thrive. 🚀
Read more on our blog ➡️ https://t.co/5zS4mgeMZe pic.twitter.com/AedxDhy83k
— Whereby (@whereby) March 17, 2021
We are proud to announce our partnership with @Michelin to provide our carriers with innovative tire solutions 🚚
Read the full press release ➡️ https://t.co/w0tCMuht2H
Check out our explanatory video about our partnership👇 pic.twitter.com/3G5CUkYdfh
— sennder (@sennderofficial) March 17, 2021
— startupticker (@startuptickerCH) March 17, 2021
We are very pleased to welcome Melissa Schoeb to Nokia as our new Chief Corporate Affairs Officer and member of the Group Leadership team. She starts her role on April 12, 2021 and will be based in Espoo, Finland. https://t.co/3AFWOaFf13 pic.twitter.com/7xjlh8tMRY
— Nokia (@nokia) March 17, 2021
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