Here's what happened today in European Tech.
- 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.
- 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”.
Today's Top Tweets
🚨 Central bank digital currency news klaxon 🚨
"We're launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a central bank digital currency," @RishiSunak says
Here's the BOE's statement: https://t.co/nWDGS6dR9X
— Ryan Browne (@Ryan_Browne_) April 19, 2021
We’re partnering with @MUC_Airport and @airportnue to create a sustainable, high-speed air mobility network in Bavaria - on the doorstep of our headquarters. The airports will become the first hub locations in Southern Germany. https://t.co/bRRVUkWISH pic.twitter.com/T9JIGdH3D0
— Lilium (@Lilium) April 19, 2021
The 'unicorn metric' was a distraction, Europe has almost no tech platforms. We sounded the alarm about this in the Guardian, six years ago. Since then it's gotten worse. But there are ways to fix it. https://t.co/CKiyUN7X3K https://t.co/FPjWZbN409
— David Galbraith (@daveg) April 19, 2021
🇪🇺 startups had hawk-eyes towards @ycombinator in its recent #demoday - 41 european startups
🇬🇧 - 15
🇫🇷 - 4
🇩🇰🇩🇪🇪🇸 - 3 each
🇦🇹🇳🇴🇵🇱 - 2 each
🇧🇪🇭🇷🇱🇹🇮🇹🇸🇮🇸🇪🇺🇦 - 1 each
29 #SaaS/#software startups followed by #biotech & #fintech, 6 each. #technews
— Hanna Villa (@hannakvr) April 18, 2021
Infarm joins WeFox and Solarisbank as the next German tech scale-up tipped to pursue a listing-via-SPAC
cc @tiotechspac @lakestarvc https://t.co/OFHsAZ4GFS
— Robin Wauters @ tech.eu (@robinwauters) April 19, 2021
🦄 The European startup ecosystem has been showing great growth numbers over the past year. Read full Tech EU article to find out more about the new unicorns of 2021https://t.co/LdkNXGmK7O
— Funding London (@fundinglondon) April 15, 2021
#Volocopter is bringing #electric #airtaxis to #China! See our progress with @GeelyGroup and our 2X at the #AutoShanghai2021 today: https://t.co/n4D72alnv7
— Volocopter (@volocopter) April 19, 2021
🚨🗣️We are delighted to introduce the next cohort of companies joining our prestigious programme for late-stage tech companies - Future Fifty 9.0.
— Tech Nation (@TechNation) April 19, 2021
1/ Just attended a Zoom call of a group of CEOs of EU tech unicorns/scale-ups with @GabrielMariya, during which they shared a set of 8 flagship initiatives which they propose in four key areas: Green Transformation; Tech Sovereignty; Deep Tech Leadership; and Innovation Cohesion. pic.twitter.com/SmWd3lwNia
— Robin Wauters @ tech.eu (@robinwauters) April 19, 2021
☕🌞 Startup your week with our newsletter
🧾 What does a new digital tax mean for startups?
🌍 Why the EU should pay attention to Africa's tech sector
🆚 #TechTracks: UK's vs EU's content moderation approaches https://t.co/GGDYPom3N0 pic.twitter.com/JzHoxiQfTQ
— Allied for Startups (@Allied4Startups) April 19, 2021
In six months, 10 Israeli-founded startups based in NYC have reached $1 billion valuations. There's a lot to be said about what exactly NYC-based means in this context (registration? CEO+sales? actual HQ?) and about SPAC valuations. Still, an interesting data point. https://t.co/WzFzKsI6WW
— Orr Hirschauge (@orr_hirsch) April 19, 2021
📣 Are you ready to take off? 🚀
The 8th edition of the #EITDigitalChallenge is looking for the most innovative #deeptech #scaleups, to help them grow internationally 📈
Apply by 10 May!
👉 https://t.co/apvTCtclOu pic.twitter.com/2yWiV6CUNc
— tech.eu (@tech_eu) April 19, 2021
Thank you @tech_eu for this article! Mentionning our investor @DiscoverCREtech and some of the keynote speakers of our world-class content programme: @gdewerpe @AOProptech , @Bradley_Greiwe @fifthwallvc @robinwauters https://t.co/UtFijbL3ub#REL21 #PropTech
— Relevation (@Relevation13) April 16, 2021
#Estonia, the world's #unicornfactory, is the champion in founding great startups. We explore how each 🦄 that was born here or has Estonians among its founders, reached billion-dollar valuation.🦄@skype #PlayTech @Wise @Boltapp @Pipedrive @Zegocover @IDme https://t.co/gL4eCXKV33
— Invest in Estonia (@EstoniaInvest) April 19, 2021
Update: Commission's plan for a European digital ID returns - recent LLP now lists it as being presented on May 26.
However, @VDombrovskis's business taxation communication (which would have included action on a new EU digital tax) has vanished: https://t.co/gWpR63zAIz https://t.co/1XXh6q7Ul8 pic.twitter.com/Awy0zv6tH7
— Samuel Stolton (@SamuelStolton) April 19, 2021
Dealflow #264: UserZoom raises $100m. Cathay invests in Seaya. Wayra turns 10.https://t.co/y1XiIejnD3 pic.twitter.com/i0eG1RB1w1
— DealflowES (@dealflowes) April 19, 2021
Sundose is a technology-driven, one-size-fits-all vitamin solution making waves in Europe.
We're excited to join this Series A round, following on from our earlier investment. https://t.co/xJNmTlFdjD
— Investible (@investible) April 19, 2021
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