Here's what happened today in European Tech.
- Swedish-founded podcasting company Acast is reportedly closing in on a Stockholm IPO that would value it at around €500 million.
- An international investment fund based in East Asia has acquired Israel-based Investing.com for $500 million, sources told Globes.
- UK-based re-commerce group musicMagpie has been admitted to the AIM market of the London Stock Exchange this morning, giving it a £208 million market cap.
- Kinnevik is clearly going all-in on the red-hot online grocery delivery market. Just two weeks ago, they dropped at cool €220 million on Norway’s Kolonial (now Oda), and now how jumped into MatHem’s shopping basket (again) to the tune of €14.8 million in the grocer’s €108.7 million funding round.
- French startup Ornikar, which set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, has raised €100 million.
- Israeli cybersecurity company Deep Instinct has raised $100 million in a Series D round led by the world's largest asset manager, BlackRock.
- MeinAuto, a German online car marketplace backed by Hg, plans to go public on the Frankfurt Stock Exchange in the second quarter. The company is looking to raise at least €150 million via the placement of new shares.
- Medtech and digital health solutions growth stage investor Endeavour Vision has closed its Endeavour Medtech Growth II fund at €290.2 million in capital commitments.
- Bloom & Wild, a London-based online flower delivery and gifting platform, has acquired bloomon, a Netherlands-based competitor, for an undisclosed sum.
- Not exactly an investment in Europe, but UK fintech scale-up Checkout.com is leading a $110 million funding round for Saudi payments firm Tamara in one of the Middle East’s largest-ever startup investments as demand booms for e-commerce and fintech solutions.
- Bucking the trend of traditional brokers, Amsterdam-based BUX is on a mission to become the neobroker in Europe. To help accomplish this mission, they’ve raised €67 million in a funding round led by Prosus Ventures and Tencent.
- GO Sharing, an electric mobility startup founded in Nieuwegein, the Netherlands, has secured €50 million in funding from Opportunity Partners, as well as its own founders.
- Warsaw-based investment firm Inovo has closed the final round of its second fund, Inovo II, at €54 million. The European Investment Fund corner-stoned the investment, and Inovo reports, “a range of global funds, entrepreneurs and family offices joining.”
- Israeli personalized video-as-a-service platform Idomoo has filed a prospectus for an IPO on the Tel Aviv Stock Exchange. Market sources believe that the company will try to raise $30-40 million at a company valuation of $150 million.
- A videogame company based in Portsmouth has been snapped up in a £43 million acquisition. Climax Studios, a provider of game development services to the industry, was founded in 1988, which makes it one of the longest-established game development businesses in the UK.
- 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.
- Revolut, an online banking start-up based in the UK, is planning an expansion into India. The London-based company announced Thursday that it had tapped Paroma Chatterjee, a former executive for Indian start-ups Flipkart, Via.com and Lendingkart, to lead its operations in the country.
- Swedish EQT has hit the final close of its ninth buyout fund at its hard cap of €15.6 billion, the largest private equity strategy wrapped up in Europe so far this year.
- One of the global leaders in online food delivery, Just Eat Takeaway.com is in plans to create over 1,500 jobs in Liverpool by the end of this year.
- The Met Office is working with Microsoft to build a weather forecasting supercomputer in the UK. They say it will provide more accurate weather forecasting and a better understanding of climate change.
- New investment firm in town thanks to the launch of Lightbird Ventures, an early-stage VC firm backing Swiss & European tech entrepreneurs.
Today's Top Tweets
Behind the scenes of @UiPath IPO (NYSE: $PATH) 🎥 Congratulations on this landmark achievement for your company! #UiPathIPO pic.twitter.com/gODMZdoB6W
— NYSE 🏛 (@NYSE) April 22, 2021
We ❤️ France – @maxinerior says it out loud:
“France is an amazing ecosystem. We’re currently hunting to make a couple of investments.”
👋 🇫🇷 – ping @lafrenchtech @FRdigitale @VivaTech @FRTechJournal @bymaddyness @joinstationfhttps://t.co/0JUX9fj0gh
— Northzone (@northzoneVC) April 22, 2021
How many depressing reports before we change those habits? 93% of the €3.2 billion of VC invested in the Nordic countries in 2019 went to male-only founding teams, 6% to mixed-gender teams, & only 1% to founding teams made up entirely of women. https://t.co/HuoVg7L4Nc
— Julie (@JDespraz) April 22, 2021
Today, we have announced a £43m investment in British manufacturing and the expansion of our THG Nutrition division, with the conditional agreement to acquire Brighter Foods Limited, a specialist developer and manufacturer of snack bars. #WeAreTHG pic.twitter.com/gAo2RvNyPW
— The Hut Group (@thehutgroup) April 22, 2021
. @TheEuropas is the tech industry's chance to vote for the startups, founders and people that make up the amazing tech scene in Europe! Year 12!
The results will form part of the deliberation by our amazing judges (listed on @TheEuropas
So get voting!#TheEuropas https://t.co/E3y7bMGGzc
— Mike Butcher (@mikebutcher) April 22, 2021
The Netherlands has long been an understated lowlier in tech (see what I did there?) but is actually home to so much talent. Great to see the pace of funding funneling to startups there (today alone big rounds for Go Sharing and Bux), as well as the rest of Europe.
— Ingrid (@ingridlunden) April 22, 2021
🇭🇷What investors, execs and founders have to say about #Zagreb's nascent #startup ecosystem 🚀
Via @TechCrunch https://t.co/tU66lwEPJd
— Allied for Startups (@Allied4Startups) April 22, 2021
On this note, I was alerted to this @BalticSandbox program, which "aims to form a community of female investment leaders all over Europe and empower women to lead the deals.”
Has apparently been quite a hit, and the next program kicks off in May:https://t.co/dn0irg94cv https://t.co/uhlzK9GfDh
— Robin Wauters @ tech.eu (@robinwauters) April 22, 2021
Our 2021 additive manufacturing report is here!https://t.co/eVSn6kctvF
Follow the link for key findings such as:
- Rate of adoption of 3D printing in the wider engineering scope
- Impact of coronavirus
- Predictions for future of additive manufacturing market pic.twitter.com/p3sFdBePQl
— 3D Hubs (@3DHubs) April 22, 2021
EIT Hub Israel released a new report on 912 Israeli tech companies with presence in Europe. UK has the largest share with 408 companies and 6,363 employees - more info here: https://t.co/rmd8btxSw5 pic.twitter.com/wFqVH5UzFi
— Eze Vidra (@ediggs) April 22, 2021
Space fight! OneWeb said a SpaceX satellite nearly crashed into one of its own earlier this month. SpaceX said that never happened. Now OneWeb says it "stands by its story” https://t.co/AwL2lTQmks
— James Cook (@JamesLiamCook) April 22, 2021
New research confirms: if you’re a female startup founder, fat chance raising venture funding in Europe – https://t.co/gTNgTctMtj https://t.co/1QY4jK9oHL
— Reportic (@Reporticdotin) April 22, 2021
Welcome to the🆕@REA_research👏
At @EUScienceInnov we are eager to work with you in the coming 7⃣ years as two sides of the same coin
👉#EUresearch policy & #EUfunding management!
To deliver, together, excellent 🇪🇺 #science through #HorizonEU #StrongerTogether #weareREAdy https://t.co/8AONVEXA8R
— Jean-Eric Paquet (@JEPaquetEU) April 22, 2021
We're excited for our portfolio company, @bricklanedotcom's £600m partnership with @MoorfieldGroup! #proptech https://t.co/7zezov4fIz
— Round Hill Ventures (@RoundHillVC) April 22, 2021
⚓ We're thrilled to embark on a new journey together with Founding Partners—City of Antwerp, CMB, @DXCTechnology, Euronav, and @PortofAntwerp—to nurture a new innovation ecosystem for the #maritime sector in Belgium.
Find out more 👉 https://t.co/sa2g6V4aOz pic.twitter.com/qgdFshK7Sn
— Plug and Play EMEA (@pnp_emea) April 22, 2021
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