Today in European Tech: Another day, another SPAC (Lilium), Everli scores $100 million, Spotify buys live audio tech firm, and more

Today in European Tech: Another day, another SPAC (Lilium), Everli scores $100 million, Spotify buys live audio tech firm, and more


Here's what happened today in European Tech.


- Germany-based air taxi startup Lilium has announced their intentions to list on Nasdaq via a merger with a SPAC called Qell Acquisition Corp. The transaction values Lilium at $3.3 billion.

- Milan-based online grocery shopping platform Everli has raised $100 million in a Series C round.

- Spotify will acquire Betty Labs, the company behind the Locker Room, which focuses on live audio.

- Israeli fintech startup Capitolis has completed a $90 million series C funding round, led by Silicon Valley’s Andreessen Horowitz.

- GoStudent, the Vienna-based e-learning startup, has completed a €70 million Series B round led by new investor Coatue together with existing partners Left Lane Capital and DN Capital, only 4 months after the increase of its Series A.

- Tel Aviv-based information customer content self service provider Zoomin has raised $52 million in a series C round. Led by General Atlantic, the round also saw participation from existing investors Bessemer Venture Partners, Salesforce Ventures and Viola Growth.

- London-based men’s health platform Manual has closed a series A round totalling $30 million.

- Finch Capital, the early-stage fintech VC with a presence in London and Amsterdam, is acquiring Wirecard Turkey, a subsidiary of Wirecard, the disgraced fintech out of Germany.

- London-based Buy Now Pay Later platform Butter has raised £15.8 million in a new round.

- Inching their way towards an IPO, Amsterdam-based cloud communications platform MessageBird has acquired video platform 24sessions and Atlanta-based customer data platform

- Amsterdam-based Hiber has secured €26 million in EU funding and private investments to expand its global IoT satellite network.

- 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

- Epic Games today said it had filed a complaint to the UK's antitrust watchdog in support of the government department's ongoing investigation into Apple's alleged anti-competitive behaviour.

- Wise, the UK payments giant, is drawing up plans to keep control of the company in the hands of its chief executive and early investors if it pursues a highly anticipated London Stock Exchange flotation.

- The European Commission may “have to go further” on introducing more robust rules for Artificial Intelligence (AI) technologies that pose a risk to fundamental rights, a letter written by President von der Leyen to MEPs, obtained by EURACTIV, states.

- Over in Russia, Sberbank and are on the brink of divorce with regards to its $1.6 billion tech joint-venture.

- A new draft programme dated earlier in March gives more details of 15 research calls that will see the European Commission invest nearly €3.4 billion over the next two years to underpin a transition to a digital and green economy and promote Europe’s strategic autonomy.

- German software company Teamviewer has struck a five-year sponsorship deal with the Mercedes Formula 1 and Formula E teams, following its recent shirt deal with soccer club Manchester United.

- Zego, which provides commercial motor insurance for self-employed drivers and riders to businesses with entire fleets of vehicles, has taken its first steps into the world of food delivery insurance.

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