Today in European Tech: Metacore scores €150 million in financing, Klarna's shiny new London HQ (and plans for the UK), and more

Today in European Tech: Metacore scores €150 million in financing, Klarna's shiny new London HQ (and plans for the UK), and more


Here's what happened today in European Tech.


- Finnish mobile games company Metacore has secured a €150 million credit line from crosstown friend Supercell. This credit line adds on two Supercell’s previous faith in the company, investing €5 million in 2018, and €15 million in 2020, as well as a €10 million credit line.

- Valmont, a global leader in designing and manufacturing products and services for infrastructure development and agricultural productivity, is acquiring Israeli agtech company Prospera Technologies for $300 million.

- UK-based global technology investor Amadeus Capital Partners recently announced the closing at £110 million of its latest early-stage, deep tech investment platform, the Amadeus V Technology Fund, which includes a cornerstone commitment by British Patient Capital.

- Israeli digital health company Vim has completed a $60 million financing round from leading US healthcare funds.

- Israeli cloud-based website development SaaS platform company has acquired fellow Israeli startup, which has developed a gift card and customer re-engagement solution for online brands.

- Israel's Pecan AI has completed a $35 million Series B funding round led by global investor GGV Capital for its predictive analytics platform.

- Utmost, the Irish tech company co-founded by tech veteran Annrai O’Toole, has raised $21 million in a Series B round for its ‘extended workforce’ platform.

- Munich’s edtech startup StudySmarter has raised $15 million in a Series A round with ambitions to become the world’s central hub for learning.

- Germany-based metal industry digital trading and price intelligence platform Metalshub has raised $11 million in a Series A round in their move to kill email and spreadsheet commercial trading for good. The round was led by Acton Capital and saw participation from existing investors Point Nine, Chrome Invest, and several angel investors.

- Berlin-based growth equity firm Verdane has acquired a minority stake in the Swedish customer experience business Voyado for an undisclosed sum.

- 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

- Swedish buy now, pay later giant Klarna has opened a new headquarter office in London and larger premises in Manchester as it prepares to double its UK headcount to 400 staff over the next year.

- Nokia has launched a blockchain-powered Data Marketplace as-a-service to facilitate secure sharing of data and AI models.

- MEPs need to go “line by line” through the European Commission’s “complex” proposed rules on artificial intelligence to ensure there won’t be a heavy burden on innovators, says Dragoș Tudorache, Romanian MEP and chair of the European Parliament’s committee on AI.

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