Today in European Tech: European Innovation Council launched, Fireblocks raises $133 million, Sofatutor acquired, and more

Today in European Tech: European Innovation Council launched, Fireblocks raises $133 million, Sofatutor acquired, and more


Here's what happened today in European Tech.


- Tel-Aviv-based crypto custodian Fireblocks has raised $133 million in a Series-C round. To date, the firm has raised $179 million.

- Pollinate, a British fintech firm set up by one of Boris Johnson’s top business advisers Alastair Lukies, has raised $50 million from a group of investors led by Insight Partners.

- Norwegian edtech company Kahoot! has officially started trading on the Oslo Stock Exchange.

- UK-based low-code firm Genesis has landed $45 million in a Series B funding round led by Accel and featuring Citigroup. New investors GV (once Google Ventures) and Salesforce Ventures joined the round.

- Paris-based on-demand logistics and order fulfillment company Cubyn has raised €35 million in a Series C round. This now brings their total raise to €55 million.

- Berlin-based digital edtech company sofatutor has been acquired by EMERAM Capital Partners and Gimv, two European private equity funds.

- 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 European Commission launched today the European Innovation Council (EIC) with a budget of over €10 billion for 2021-2027 to develop and expand breakthrough innovations.

- EU nations will on Friday sign off on a series of declarations designed to ensure the bloc can build a sustainable, sovereign, and competitive future in its digital transition.

- Ireland’s data protection commissioner Helen Dixon has triggered an unprecedented war of words with other EU regulators, dragging into the open a long-simmering stand-off over its oversight of Facebook and other US tech companies based in Dublin.

- Viewpoint: EU will be ‘shooting itself in foot’ if it bars UK, Switzerland, Israel from quantum and space projects.

- Telecoms equipment maker Nokia is forecasting a pick up in profit margins to 10-13% in 2023, as new CEO Pekka Lundmark charts a course to catch up with rivals in the race to deliver 5G networks.

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