Here's what happened today in European Tech.
- Israeli chipmaker Valens Semiconductor signed an agreement to merge with a US SPAC. Following the close of the merger, Valens will trade on the NYSE under the VLN ticker at a company valuation of $1.16 billion.
- Stockholm-based communications platform Sinch has raised $1.1 billion in a new share issue. Previous investors Temasek and SoftBank (via SB Northstar) re-upped on their commitment and subscribed to a large portion of the issue.
- Britain's Made.com, an online furniture seller, has announced plans to list at least 25% of its shares in London. Made.com, which has seen sales surge over the COVID-19 pandemic, said it planned to sell about $142 million of new shares, while existing shareholders will also offload some of their stakes.
- Israeli cloud security company Wiz has raised another $120 million in a financing round led by Salesforce.
- UK-based security software firm Tessian has raised a $65 million Series C round led by March Capital with participation from existing investors Sequoia Capital, Accel, Balderton Capital and Latitude and new investor Schroder Adveq.
- Dianomi, a London-based provider of native digital advertising services, has today listed itself on the AIM market of the London Stock Exchange.
- German accounting software maker SevDesk has raised €50 million.
- Israeli visual intelligence company AnyClip has announced the completion of a $47 million financing round led by JVP.
- Parisian property tech startup Matera has raised €35 million in a Series B round led by Mubadala Capital.
- Lithuanian interpretation startup Interactio has raised $30 million in a Series A round led by Eight Roads Ventures and Storm Ventures.
- London-based digital triage provider eConsult Health has acquired cross-town, NHS doctor-founded friend, video consultation and SMS platform Q Doctor.
- 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.
- The UK spy agency GCHQ’s methods for bulk interception of online communications violated the right to privacy and the regime for collection of data was unlawful, the grand chamber of the European court of human rights has ruled.
- Germany’s national competition regulator, the Bundeskartellamt, has continued its investigative charge against big tech — announcing that it’s opened two proceedings into Google.
- Former EU justice chief Viviane Reding has called for Europe’s data protection rulebook to be revised just three years after it came into force.
- Italy aims to create a storage system for sensitive state data using cloud technology developed by big overseas firms, its innovation minister said on Monday, following France’s lead despite calls by some EU politicians for home-grown solutions.
- Germany harbours ambitions to become one of the world’s leaders in blockchain and has recently taken stock of its near two-year-old strategy to boost adoption of the pioneering technology, the first of its kind worldwide.
- The European Commission is standing firm on its plan to exclude researchers from the UK, Israel and other non-EU countries from “sensitive” parts of the bloc’s upcoming €95.5 billion research programme.
- The 14 May rejection by the Irish High Court of an appeal by Facebook against the proposals by the Irish Data Protection Commissioner (IDPC) spells trouble for Facebook and poses real challenges for the EU, writes Dick Roche.
Today's Top Tweets
As the themes covered in the State of European Tech continue to unfold throughout the year, I have started collecting some of my favorite https://t.co/FEaRgiEsYW
— Sarah Guemouri (@SGuemouri) May 24, 2021
Amazing episode of the @tech_eu podcast.
The kind that gives you energy and boosts your spirit.@dominiquepiotet is building an entire startup ecosystem in Ukraine.
10x bigger than F-station! Amazing project! https://t.co/qx8tXEZ3fl
— Alexis Perrier (@alexip) May 25, 2021
Extremely happy and grateful to announce our sixth investment with Gaia Capital Partners in Epsor - partnering with Julien Niquet Benjamin Pedrini and their team on their mission to transform the employee and retirement savings plans! https://t.co/fKyqeIk8be
— Robin Haak (@RobinEricHaak) May 25, 2021
#Cyprus: Sunny weather, sandy beaches ️ – and a thriving #tech #startup ecosystem!
Dive in with Panis Pieri, @Stavriana_K @EUStartupNet #StartupCyprus, @nmastroyiann, @Argyris_Argyrou @foodycomcy !
Join our next #ToThePoint event on 16 June: https://t.co/wWVptsfez3 pic.twitter.com/fRHhTEJOMF
— Tech.eu (@tech_eu) May 25, 2021
New fund from Belgium
Rise PropTech (https://t.co/02gsjtm1uf) announced a new €12M fund 'I' backed by Abacus Group (Matexi), Ardent Invest, Balteau Group, Eloy Group etc.
Focus: Proptech at Late seed,Series A stage.https://t.co/D5KfJnXjOy
— euroVC bot (@Euro_VC) May 25, 2021
— Hack Belgium Labs (@HackBelgiumLabs) May 25, 2021
Welcome Accelex to the portfolio and looking forward to working with you!
$5m seed round co-led by @IlluminateFM
Addressing data extraction and analytics in private markets. https://t.co/bqEDG0u0Fe
— Illuminate Financial (@IlluminateFM) May 25, 2021
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