Today in European Tech: Allfunds to go public, big rounds for Redis Labs, WhiteSource, BRYTER and Sequans, Kahoot buys Motimate, and more

Today in European Tech: Allfunds to go public, big rounds for Redis Labs, WhiteSource, BRYTER and Sequans, Kahoot buys Motimate, and more


Here's what happened today in European Tech.


- Allfunds, the UK-based B2B WealthTech platform, is to list on the Euronext Amsterdam stock exchange. As of 31 December, 2020, Allfunds had over €1.2 trillion of assets under administration, and €370 million in revenue.

- Tel Aviv-founded database platform Redis Labs has closed a $110 million Series G funding round, now bringing the company’s valuation up to $2 billion.

- Israeli open source security and management company WhiteSource today announced the completion of a $75 million Series D financing round led by Pitango Growth.

- Remote-first, but officially registered in Berlin, no-code service automation platform BRYTER has raised $66 million in a Series B round.

- Paris-based 5G and 4G solutions provider Sequans has secured $50 million in financing in a move to strengthen its balance sheet.

- In an Oslo-to-Oslo transaction, learning platform Kahoot! has acquired cross-town employee engagement and learning app provider Motimate. Kahoot! has acquired 100% of the shares of Motimate at an enterprise value of $25 – $27 million on a cash and debt-free basis.

- Kildare, Ireland-based Sentenial and its open banking brand Nuapay have been acquired by Brisbane’s EML Payments for an upfront fee of €70 million, with an additional earn-out component of up to €40 million.

- Madrid-based automotive industry digital solutions provider Imaweb has acquired its Swiss competitor Stieger. Financial terms and conditions were 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

- The UK has launched a new regulatory body aimed at policing allegations of anticompetitive behavior among the world’s largest technology companies, adding another agency to a growing list of watchdogs scrutinizing how tech giants use their market heft.

- The Austrian privacy activist Max Schrems has made yet another complaint about a Silicon Valley giant—this time it's Google and its Android mobile operating system, which Schrems and his data-protection organization say illegally tracks Android users.

- Finland’s Nokia has settled a multi-year patent fight with China’s Lenovo Group, the world’s biggest PC maker, resolving all pending litigation across all jurisdictions.

- “SPACs are the most amazing thing to happen to the Israeli tech industry

- EU regulators have been urged to ‘intervene immediately’ into the operation of video-sharing app TikTok, following the trend of ‘Blackout Challenges’ across social media, which have led to a series of deaths among young people.

- In Polestar’s first annual review, published today, the Swedish electric performance car brand announced its moonshot goal to create the first truly climate neutral car by 2030.

- Shares in takeaway delivery app Deliveroo rallied today as unconditional trading began. Deliveroo's shares were officially admitted to the London Stock Exchange on Wednesday following a period of "conditional" trading that began last week.

- Europe’s antitrust enforcer talks about the coming reckoning for Big Tech and corporate tax dodgers.

- PJP Eye: Plugging sustainable battery technology from Japan into the European ecosystem.

- Contactless payments are surging across Europe.

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