Here's what happened today in European Tech.
- There’s a new fund on the block: Meet Cusp Capital (and its €300 million opening).
- Micromobility startup Dott with headquarters in Paris and Amsterdam has secured $85 million in a Series B funding round. The capital injection was co-led by Belgium-based Sofina and UK-based Estari.
- Helsinki-based investment firm Icebreaker has closed its second fund at €100 million and raised a separate €20 million that will be used to continue investments in existing portfolio companies.
- Romania-born and London-based financial technology firm FintechOS has raised $60 million in a Series B round. Led by Draper Esprit, whose previous investments include Revolut and N26, the round also saw participation from existing investors LAUNCHub, Earlybird Digital East, Gapminder Ventures, and OTB Ventures.
- French IT firm Atos has acquired Canada-based Processia, UK-based Ipsotek and German firm cryptovision, as it continues with bolt-on acquisitions in a bid to boost revenue from digital, cloud, security and decarbonisation business over the medium term.
- Company payments and expense management firm Payhawk has closed a $20 million Series A round, almost one year to date after a $3.6 million seed round.
- Tel Aviv-based developer of financial planning and analysis tools DataRails has raised $18.5 million in a Series A round. Led by Zeev Ventures Fund, existing investors Vertex Ventures Israel and Innovation Endeavors also participated alongside undisclosed private investors.
- 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.
- NGP Capital, the Finland-born global VC firm, released a new depressing report on the abysmal state of gender parity in the European tech startup and investment community.
- The European Commission will this week present its proposal on Artificial Intelligence (AI), seen as a step toward a new regulatory framework, promised by Commission President Ursula von der Leyen in her State of the Union.
- Buy now, pay later giant Klarna is to provide shoppers with carbon footprint calculation tools from Mastercard-backed Doconomy to measure the emissions generated by their purchases.
- Deutsche Telekom has invested in Celo, a blockchain payments platform that allows mobile phone access to “decentralised finance” projects that allow users to bypass traditional financial firms. It did not disclose the size of the investment.
Today's Top Tweets
This new report is packed with fresh findings of how gender affects #VC #fundraising in Europe.
💡Mixed-gender teams have the highest chances of raising #venturecapital in 🇪🇺
💡Only 2% of the #SeriesA rounds were raised by women-only teams during the past 5 yrs
More on #DEI👇 https://t.co/yWgJZxOC0w
— ngp capital (@ngpcapital) April 20, 2021
— tech.eu (@tech_eu) April 20, 2021
2020 was a record year for Finnish startups. The half-billion mark of growth funding, which was reached in the two prior years, was already a record, but now the total has almost doubled, to €951 million. #startup #startups #Growth https://t.co/WztvWHHsTt pic.twitter.com/m4RSWATGVk
— Pääomasijoittajat - FVCA (@FVCAfi) April 20, 2021
Congratulations! Your mission to make game experiences for completely new audiences has us absolutely buzzing with excitement. Can't wait to see them. @PapukayaGames @drussilahg https://t.co/9RiNx9hPpA
— Supercell (@supercell) April 20, 2021
Thanks for the interview and for continuing to highlight this important topic on @tech_eu @robinwauters!#COVID19 risks undoing a lot of progress in this area so we must all do what we can to make it easier for women to #fundraise in Europe #VC #diveristy #VCfunding https://t.co/1GdNkMLTeb
— Annika Sjöberg (@AnnikaSjoberg_) April 20, 2021
— Jean-Eric Paquet (@JEPaquetEU) April 20, 2021
For all you #antitrust boffins: German, Aussie & British competition watchdogs join forces to call for a revamp on how big companies (cough, Big Tech, cough) can buy smaller firms. https://t.co/mpCOWjI5Qn
— Mark Scott (@markscott82) April 20, 2021
1/ We're super excited to announce our $12.5M Series A - the largest investment in AI video space to date.
The funding is led by @FirstMarkCap, the fund behind some of the companies you might have heard of: @Shopify, @Pinterest, @cartainc 😉https://t.co/4ZmexvgFvc
— Synthesia 🎥 (@synthesiaIO) April 20, 2021
We are thrilled to announce that @foodpandasg is the first delivery platform in the world to deliver cultured meat dishes! The high-quality chicken meat is made in partnership with Eat Just’s GOOD Meat brand, a DX Venture-funded sustainable food company. pic.twitter.com/gVSJlVRIw2
— Delivery Hero (@deliveryherocom) April 20, 2021
— Invest Europe (@InvestEuropeEU) April 20, 2021
🚀 1 hour to go 🚀
⚡️At 15:30 #VEGA, the first EU world-class supercomputer, will officially start its operations⚡️
The first #EuroHPC system operational in #EU it is placed in Slovenia 🇸🇮 and will be capable of 6.9 Petaflops.
Watch it live ➡️https://t.co/xLnR7u2SdH#DigitalEU pic.twitter.com/mM6XoeuGA1
— Digital EU 🇪🇺 (@DigitalEU) April 20, 2021
While a year ago, Covid stopped our industry, today @Spotahome launches 100 cities across 27 countries in Europe & Middle East. This responds to the tens of thousands of users who have asked us to expand. Digital rentals are proven to be what users need, more than ever before.
— Alejandro Artacho (@Ale_Artacho) April 20, 2021
Berlin voted the best place for startups in Europe
... but if I get it right it did not perform well in any of the specific functional sub-criteria ;)
Almost like a luxury fashion brand 🆒😎 https://t.co/8xXuv4cIf7
— Pawel Chudzinski (@pawell) April 20, 2021
— Reshma Sohoni (@rsohoni) April 20, 2021
Tell us what you think about this daily roundup and how we can improve it!
And follow us on Twitter of course.