Today in European Tech: Darktrace ramps up plans for £3 billion IPO, DraftKings buys BlueRibbon Software, and more

Today in European Tech: Darktrace ramps up plans for £3 billion IPO, DraftKings buys BlueRibbon Software, and more


Here's what happened today in European Tech.


- British cybersecurity company Darktrace is finalising plans for a £3 billion stock market listing, despite the shadow cast over technology ‘unicorn’ floats in London by this week’s Deliveroo’s disastrous debut.

- American gaming company DraftKings, which manages fantasy sports contests and is a sports betting operator, is acquiring Israeli gaming company BlueRibbon Software. BlueRibbon is based out of Tel Aviv, has raised millions of dollars, and currently employs 15 people.

- Israeli cryptocurrency platform INX has raised around $32 million on the Toronto Stock Exchange (TSX).

- Sber, the state-controlled financial and digital giant previously known as Sberbank, has taken control of a Russian video creation startup called Movika. Sber’s subsidiary Digital Assets acquired a 58% stake in Movika and could increase it to 80% in the future. The amount of the deal was not disclosed.

- 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

- Russia willl extend a punitive slowdown of Twitter until May 15 though it acknowledged the US social media company had speeded up deletion of banned content.

- Pandemic reveals Palantir's troubling reach in Europe.

- A data leak involving personal details of hundreds of millions of Facebook users is being reviewed by Ireland's Data Protection Commission (DPC).

- A world map with HQ location of investors that are investing in European scale-ups.

- With 25 million users, Madrid-based edtech Lingokids managed to triple its revenue in 2020.

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