Today in European Tech: Glovo raises €450 million in funding, UK antitrust watchdog to probe Facebook-Giphy deal, and more

Today in European Tech: Glovo raises €450 million in funding, UK antitrust watchdog to probe Facebook-Giphy deal, and more


Here's what happened today in European Tech.


- Barcelona-based multi-category delivery service Glovo has entered the history books with a €450 million Series F funding round.

- Brussels-based app store optimisation tool AppTweak has raised $22 million from early investor Groupe Rossel in a series B round.

- Hungarian writing, thinking, and collaborating platform Craft Docs has raised $8 million in a Series A investment. Led by Creandum, the round also saw participation from InReach Ventures and Gareth Williams, co-founder and former CEO of Skyscanner.

- Tallinn-based proptech startup Bidrento has raised an undisclosed figure in an equity round led by Estonian unicorn Pipedrive founders Timo Rein and Urmas Purde.

- 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

- Facebook is being sued for alleged fraud in buying Israeli startup Servicefriend.

- Over in the UK, the watchdog CMA has referred the acquisition of GIPHY by Facebook for an in-depth investigation.

- Europe’s struggle to compete in the supercomputing arena, and why it needs to go from buyer to builder.

- Celonis, a fast-growing German process mining software startup, has struck a strategic partnership with IBM to help companies make the most of the digital transformation that many are undergoing at speed.

France’s data protection watchdog CNIL began conducting checks to ensure websites are in compliance with new guidelines on advertising trackers after the deadline it granted expired.

- Smartphones, computers and other smart devices purchased in Russia must come pre-installed with Russian software after legislation came into force on Thursday, in a move that seeks to help Russian IT firms compete with foreign counterparts.

- A new report published by Forward Partners and Landscape VC reveals that almost half (47%) of all founders consider value-add more important than a VC firm’s brand and portfolio.

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