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 Checkout.com).
- 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 Platform.sh.
- 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.
- 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.
Today's Top Tweets
We're back with another episode of This Much I Know @cee deep dives into how to grow and scale teams in a post-covid world with @Ljungman of Moonfire Ventures & @giovanniluperti, co-founder of https://t.co/xGPfSnSkF6
Listen in https://t.co/R2G161TL2q
— seedcamp (@seedcamp) May 27, 2021
“EU too soft on big tech” say Germany and France. We will keep that in mind next time when member states are trying to water down European data protection and privacy rules....(ePrivacy negotiations coming up @BirgitSippelMEP @moritzkoerner) https://t.co/R1LT1BGWZc
— Sophie in 't Veld (@SophieintVeld) May 27, 2021
The pandemic has accelerated the acceptance of AI and emerging technologies by Europeans. The second part of European Tech Insights, our annual survey that explores attitudes towards technology, is out today. Here are some of its key findings: (1/8)https://t.co/vIK9qx7Utv
— IE Center for the Governance of Change (@ieGovernance) May 27, 2021
Today, ahead of Competition Council, Germany, France & Netherlands publish new non-paper on Digital Markets Act #DMA signed by @peteraltmaier @BrunoLeMaire @cedric_o & @MonaKeijzer - calling for ALL mergers & takeovers by digital gatekeepers to be assessed by EU regulators: pic.twitter.com/DOyDegDu7L
— Samuel Stolton (@SamuelStolton) May 27, 2021
This morning we sent out issue #46 of @CapitalCall_ — the weekly European VC digest, straight to your inbox. Want to stay on the pulse of what investors write every week?
A thread with our picks this week
— Capital Call (@CapitalCall_) May 27, 2021
Time flies We're closing off this season of the podcast with a look at the future with @northzoneVC GP @pjparson and Partner @wen_xs. Listen in for their insights on Web 3.0, digital decentralization, and the European ecosystem’s role in these trends.https://t.co/J09KF9OTeh
— Soaked by Slush (@soakedbyslush) May 27, 2021
51% of Europeans want to replace some of their MPs with an AI.
I’m being interviewed in CNBC for our launch of European Tech Insights for @ieGovernance that is being launched today! https://t.co/bTKcIMaCLw
— Oscar Jonsson (@OAJonsson) May 27, 2021
So sad and frustrating to realize that we have had a self-inflicted incident, for 30 min, affecting the privacy of some of our users. Full attention from all colleagues to bring back things to normal, take actions to avoid this going forward and communicate broadly. More to come
— Sebastian Siemiatkowski (@klarnaseb) May 27, 2021
Together with @NOYBeu @HermesCenter and @Homo_Digitalis_, we have taken legal action against the facial recognition company Clearview AI.
Here's what you need to know! ️https://t.co/cRosftvVpJ pic.twitter.com/M4OMPybmbi
— Privacy International (@privacyint) May 27, 2021
Understanding local mobility culture is key to expanding across borders, explains @tierscooters https://t.co/cScKqsggmh
— INVERS - Together, we make mobility shareable (@InversMobility) May 26, 2021
We’re pleased to announce that we are now accredited under the Government’s Recovery Loan Scheme (RLS). Our website is now open for applications. To apply, learn more about the scheme and check your eligibility, click here: https://t.co/i8iblAy3MR https://t.co/soJZTjwHJR
— Funding Circle UK (@FundingCircleUK) May 27, 2021
https://t.co/pBmZoM7v8L Podcast: “We’re in the Golden Age of tech in Europe” Fantastic #podcast great listen https://t.co/M4eQhJ0vX9
— Denise McQuaid (@DeniseMcQuaid) May 26, 2021
Materialise and @EOSGmbH become the first suppliers to be qualified by @Airbus to manufacture flight-ready parts using laser sintering technology. The material used in the process, produced by EOS, is a flame-retardant polyamide (PA 2241 FR). https://t.co/SXOUUM4i5b pic.twitter.com/CkeFozjOCI
— Materialise (@MaterialiseNV) May 27, 2021
Congratulations to Future Fifty 9.0 alumni @tractable_ai on their partnership with the second-largest insurer in the US, @GEICOhttps://t.co/jaXL3wd2aJ
— Tech Nation (@TechNation) May 27, 2021
Eindhoven-based @BistrooIO is on a mission to bring a #sustainable alternative to the food delivery marketplace. Learn how the Dutch #startup empowers both restaurants and customers through its unique $BIST currency platform. #InvestinHolland https://t.co/ztIW2qgueb
— NFIA North America (@NFIA_USCanada) May 26, 2021
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