This Week in European Tech: Redwood scores €315 million, Vinted knits €250 million, a new high-profile SPAC, and more

This Week in European Tech: Redwood scores €315 million, Vinted knits €250 million, a new high-profile SPAC, and more

Happy Friday!

This week, our research team tracked 90 tech funding deals worth more than €1.8 billion, and about 15 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, Israel, and Turkey.

As always, we are putting all of them together for you in a handy list sent in our round-up newsletter (note: the full list is for paying customers only).

Recently, we also started publishing 'Today in European Tech', a daily round-up of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!

Today, instead of a daily round-up we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this round-up in your inbox every Monday morning).

1) A mature company in a red hot space raised €315 million to scale

Redwood Software, which offers a range of cloud-based business and IT process automation solutions, has secured €315 million in growth funding from a single investor, Turn/River Capital. The Netherlands-headquartered company is no spring chicken; it was founded almost 30 years ago by CEO Tijl Vuyk.

2) Lithuania's Vinted nabs €250 million for its second-hand fashion marketplace

Lithuanian consumer-to-consumer second-hand fashion platform Vinted has raised €250 million in a Series F round led by EQT Growth.

3) An Amazonian court victory

Amazon has won a major court fight against a European Commission order that it pay 250 million euros in back taxes to Luxembourg deemed "illegal state aid."

4) UK-based cybersecurity firm Wandera sold for $400 million

Cybersecurity company Wandera, founded in London in 2012 by Israeli brothers Roy and Eldar Tuvey, has been acquired by US company Jamf for $400 million.

5) Court allows Irish regulator to proceed with inquiry into Facebook data flows

Ireland's High Court on Friday rejected a Facebook bid to block an inquiry by the Irish data regulator that could halt Facebook's data flows from the European Union to the United States.

6) Regulator orders Facebook to cease collecting German WhatsApp users’ data

A German regulator has ordered Facebook to stop processing data on its citizens from messaging service WhatsApp. The Hamburg Commissioner for Data Protection and Freedom of Information, or HmbBfDI, said it has issued an injunction that prevents Facebook from processing personal data from WhatsApp.

7) More Moolah for Huma

London-based Huma Therapeutics has closed a Series C funding round at $130 million from investors like Leaps by Bayer, Hitachi Ventures, Samsung Next, Sony Innovation Fund by IGV and Unilever Ventures.

8) ParcelLab raises $112 million for its Operations Experience Management platform

Munich-based parcelLab, which offers a final-mile fulfilment service for online retailers, has closed a $112 million Series C funding round led by Insight Partners.

9) Pre-listing, Lyst scoops up $85 million in funding

London-based global fashion shopping platform Lyst has raised $85 million in a round that saw participation from a number of existing investors including Draper Esprit.

10) A new (high-profile) Euro SPAC on the block

Hedosophia, the London-based fund manager, plans to raise an initial €400 million through a SPAC in Amsterdam. Dubbed 'Hedosophia European Growth', it then plans to merge with a European tech “unicorn” and then use the newly merged vehicle to target other European tech companies, valued at up to €5 billion each.

Podcast(s): Podcast #219: The photovoltaic expansion with Jochen Ziervogel, Enpal

Bonus link(s):

- US tech giant Apple is coming under increasing pressure in Brussels after the European Commission recently charged the firm with abusing its dominant position in the music-streaming market, to the detriment of smaller developers seeking to compete on a level playing field. While the Commission’s gripes in this particular case centre on the app market for music streaming services, the move is likely to open up a wider debate on the conditions imposed on developers for entry onto the App Store.

- Italy's competition regulator has fined Google €102 million for excluding an e-mobility app developed by Enel from its Android system.

- Europe has to figure out how to benefit from innovation.

- Apps that promise grocery deliveries in 10 minutes invade Europe as shopping shifts online.

- Quantum Delta NL launched LightSpeed, a program that can connect Dutch quantum startups with €13.6 billion in investment capital, managed by European and US funds. The startups are guided by Quantum Delta NL's Investor in Residence Ton van 't Noordende (founder PHX, founder and former deep tech investor at 01Ventures).

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