Here's what happened today in European Tech.
- British cybersecurity startup Darktrace plans to go public in London, defying fears that Deliveroo’s disappointing IPO could put other tech firms off listing in the city.
- Swedish payments firm Trustly plans to launch an IPO in late April or early May that could value the business at €9 billion.
- Israel-based automotive chip company Valens Semiconductor is in advanced negotiations to go public via a merger with a SPAC. Calcalist has learned that the merged company is set to be valued at between $1 billion and $1.2 billion.
- Belgium-based fintech Unifiedpost Group has snapped up Frankfurt Am Main-based fintech automator Crossinx for up to €113 million.
- Israeli surgical robot company Memic Innovative Surgery today announced the completion of a $96 million Series D financing round led by Peregrine Ventures and Ceros with participation from OurCrowd and Accelmed.
- Veriff, an Estonia-based identity verification technology company, announced today that it has secured $69 million in a series B funding round led by investment firms IVP and Accel.
- PensionBee is looking to raise £55 million in its upcoming IPO, implying a £346 million valuation, according to a statement from the company.
- Atom Bank has held discussions with financial advisers about whether it might go public via a SPAC, as the UK digital bank weighs its options ahead of a planned IPO of its shares.
- ATAI Life Sciences, a Germany-based, Peter Thiel-backed biopharmaceutical company developing psychedelic drugs to treat mental health, has taken a majority stake in U.S. firm Psyber.
- London-based HealthHero has acquired Paris-based medical video consultation firm Qare. Financials were not disclosed.
- Infobip has entered into an agreement to acquire the developer-focused Shift Conference business, appointing its founder and CEO Ivan Burazin to the board as its new ‘Chief Developer Experience Officer’.
- 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.
- Israeli tech startups have raised a record $5.37 billion in 172 deals in the first quarter of the year. The total sum raised in the quarter increased by 89% compared to the fourth quarter of last year and was double that raised in Q1 of 2020.
- Google has appealed to the Biden Administration to agree to join a US-European technology council to prevent individual European countries and the US from erecting more hurdles to trade.
- Telecoms giant Huawei is keen to work alongside European companies to help the bloc achieve ambitious new benchmarks for semiconductors by 2030, as the firm continues to face challenges resulting from US trade restrictions.
Today's Top Tweets
Russian e-commerce company Ozon says it will apply for a banking license to expand its fintech services, and plans to offer loans to merchants (@maxseddon / Financial Times)https://t.co/3tI9YGMsDihttps://t.co/iU1aTBdJE0
— Techmeme (@Techmeme) April 12, 2021
🚀 New 20VC Episode LIVE 🚀
Such a joy to do this one with @NStoronsky @RevolutApp and an amazing discussion on:
- Scaling Revolut globally
- His relationship to ambition and money.
- Takeaways from swimming and banking that impacted leadership. https://t.co/EZFI3biknF pic.twitter.com/AeZhOMG6zi
— Harry Stebbings (@HarryStebbings) April 12, 2021
— TechCrunch (@TechCrunch) April 12, 2021
In case you missed it: Data protections rules are ‘harming EU leadership’ in #health research.
Confusion over #GDPR is blocking scientific progress, throwing up barriers with #US researchers in particular.
Read more 👉 https://t.co/1L7cwStWgJ pic.twitter.com/3w9YSbIcvY
— Science|Business (@scibus) April 12, 2021
Former DeepMind scientist Prof. Stephen Clark has joined a Cambridge quantum computing firm. @cambridgecqc, which builds tools for the commercialisation of quantum technologies, has appointed him Head of #AI🧑https://t.co/7z2wi3AyJZ pic.twitter.com/kq9ezIqs59
— BusinessCloud.co.uk (@BCloudUK) April 12, 2021
Luxembourg is Amazon's lead EU privacy regulator right? Think again, says @accessnow, who say reporting by POLITICO casts doubt on whether Luxembourg should have the authority to lead investigations against the e-commerce giant.https://t.co/1N6xLQ8mpP
— Vincent Manancourt (@vmanancourt) April 12, 2021
📣 THE date is approaching - this Thursday (15th April at 11AM CEST), we'll host our free virtual event on #greeninnovation in Europe, in partnership with @rockstart 🤘!
Read more: https://t.co/vcyEndXJL8
...and sign up here👉 https://t.co/cn6pAIKiTn pic.twitter.com/G95xBqE6uX
— tech.eu (@tech_eu) April 12, 2021
New partner at Frumtak Ventures https://t.co/hBFYfAFxLS
— Northstack (@northstack_is) April 12, 2021
April 19 at 2pm, @Vinothj sits down with #Fintech industry expert panel “Looking Ahead: The State of Fundraising and Investment” for @InnFin.#UKFW21@FinancialTimes @balderton @AugmentumF @samosvc & @FTVCapitalhttps://t.co/gL7NWw7y4r pic.twitter.com/aYJ7hTq81m
— Draper Esprit (@DraperEsprit) April 12, 2021
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