Today in European Tech: Stockholm's Sinch secures $1.1 billion, announces plans to float shares in London, and more

Today in European Tech: Stockholm's Sinch secures $1.1 billion, announces plans to float shares in London, and more


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, an online furniture seller, has announced plans to list at least 25% of its shares in London., 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.

Worth Reading/Knowing

- 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.

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