Today in European Tech: Klarna closes in on $40 billion valuation, About You preps blockbuster IPO, Ada raises $90 million, and more

Today in European Tech: Klarna closes in on $40 billion valuation, About You preps blockbuster IPO, Ada raises $90 million, and more


Here's what happened today in European Tech.


- Hamburg-based fashion e-tailer About You has announced its intention to list on the Frankfurt Stock Exchange as of Q2 of this year. With the listing, About You will also file an accompanying private placement reserved for institutional investors with which it intends to raise at least €600 million in gross proceeds.

- French startup Agicap has raised a new $100 million funding round led by Greenoaks, at a $500 million valuation. Agicap is building a service that lets you track your cash flow in real time, build reports and get forecasts.

- Berlin-based digital healthcare provider Ada has raised $90 million in a Series B round led by the investment arm of pharmaceutical giant Bayer, Leaps by Bayer. Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures also participated in the round.

- Ireland's Wayflyer, a revenue-based financing and growth platform to e-commerce merchants, today announced a $76 million Series A fundraise led by Left Lane Capital, with support from partners of DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz (founder of

- SAM Seamless Network raised a $20 million Series B as the Israeli cybersecurity company readies itself for the perfect storm of an expanding network attack surface and the coming of 5G.

- Berlin’s construction project efficiency platform Cosuno, has raised $15 million in a Series A round led by Spark Capital.

- Parisian makes-your-app-run-faster service Blackfire has received intent to be acquired by crosstown friend, web and app scaling services provider

- 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

- Klarna, a European buy-now-pay-later company, is close to securing a new funding round at a valuation of more than $40 billion, a source familiar with the matter told CNBC. The investment is being backed by SoftBank and multiple other investors.

- Germany, France and the Netherlands have complained that the EU is not tough enough on Big Tech and called on regulators to make it harder for the likes of Google and Facebook to pursue killer acquisitions.

- EU privacy watchdog EDPS opened on Thursday two investigations into EU institutions’ use of cloud computing services provided by Amazon and Microsoft, concerned about the transfer of Europeans’ personal data to the United States.

- A close look at the fractured regulatory landscape for micro-mobility across Europe.

- MEPs have voted through a joint position on the €8 billion supercomputing collaboration, aiming to ensure more balance between small and large partners. This paves the way for 11 other big research partnerships in Horizon Europe.

- Capgemini and Orange announced their plan to set up a new company named “Bleu” that will intend to provide a ”Cloud de Confiance” service which will meet the data sovereignty requirements of the French State.

- A coalition of European digital rights groups has hit the controversial facial-recognition firm Clearview AI with a series of privacy complaints.

- The freshly published Guidance on Strengthening the Code of Practice on Disinformation illustrates the European Commission’s expectations on the anti-disinformation measures for online platforms.

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