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Today in European Tech: UK intervenes in Nvidia's takeover of ARM on security grounds, Alan raises €185 million, and more

Robin Wauters 19 April 2021
Today in European Tech: UK intervenes in Nvidia's takeover of ARM on security grounds, Alan raises €185 million, and more
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Hello!

Here's what happened today in European Tech.

Deals

- The founder of Revolut is reportedly plotting a new fundraising that will value the company at more than $10 billion and cement his status as one of Europe's youngest fintech billionaires.

- Healthcare app Alan has raised €185 million in a series D round, now bringing the company’s valuation to €1.4 billion. The round saw participation from Coatue, Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital, and Temasek.

- German vertical farming scale-up Infarm is reportedly mulling a multi-billion dollar listing-via-SPAC.

- Israeli cancer surveillance company C2i Genomics has announced the completion of a $100 million financing round. The firm's cancer diagnostics service uses AI pattern recognition and whole-genome analysis to provide rapid and accurate detection of residual disease.

- London’s BNPL (buy now, pay later) platform Zilch has raised $80 million in a Series B round. To date, the company has raised a total of $120 million and has a valuation of over $500 million.

- UK-based digital bank Starling has secured £50 million investment from Goldman Sachs Growth Equity. The investment is an extension of the bank’s oversubscribed £272m Series D funding round announced in March 2021, which valued it in excess of £1.1 billion pre-money.

- Spanish digital TV and video delivery solutions provider Agile Content has announced the acquisition of Wi-Fi firm Fon Technology.

- French business management solution provider Cegid has announced plans to acquire the Paris-based HR tech scale-up Talentsoft.

- The EBRD has provided a $65 million loan to Datagroup, a leading national fibre infrastructure and digital services provider in Ukraine, to back the the acquisition of Volia, the country’s leading pay-TV and cable broadband service provider in the retail segment.

- US cloud security company Zscaler is to acquire Israeli cloud infrastructure entitlement management company Trustdome.

- 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

- UK Digital Secretary Oliver Dowden has just issued a "Public Interest Intervention Notice" in relation to the proposed $40 billion sale of ARM to NVIDIA, effectively instructing the Competition and Markets Authority to kick off an investigation.

- Top EU officials launched a multilingual digital platform of the Conference on the Future of Europe, a year-long democracy exercise meant to involve Europeans in shaping the future direction of the bloc.

- Innovate Finance’s Q1 investment figures for the UK FinTech sector in 2021 reveal a robust recovery following a tough pandemic year. The UK FinTech sector raised a total of $2.9 billion in Q1 2021.

- The Belarusian regime has seemingly proceeded to shut down IMAGURU Startup Hub, the key startup ecosystem builder and tech community hub in Minsk (and beyond).

- British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new "Britcoin", or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.

- In a new research paper, Clipperton’s team in Germany has zoomed into the DACH technology landscape from a dealmaking as well as a strategic perspective.

- 7 reasons why Israel has become an assembly line for tech unicorns.

- Swiss blockchain firm Taurus has received a securities firm license from the Swiss Financial Market Supervisory Authority FINMA to operate what it calls "the first independent regulated marketplace for digital assets in the world”.

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Today in European Tech: UK intervenes in Nvidia's takeover of ARM on security grounds, Alan raises €185 million, and more
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