Here's what happened today in European Tech.
- Israeli ad-tech company Tremor has filed for an IPO on Nasdaq, after its share price has risen by almost 500% on the London Stock Exchange over the past year to a market cap of about £1.1 billion.
- Planet, a Galway-based fintech company, has secured investment from Advent International, a private equity firm. Existing shareholder Eurazeo has sold a portion of its stake to Advent. The deal, according to Eurazeo, values the Irish payments company at €1.8 billion.
- Stockholm-based digital healthcare platform Doktor.se has raised €50 million in a new investment round that saw participation from Consensus Asset Management, Norron, and Skabholmen Invest, as well as other undisclosed institutional investors.
- Israeli precision medicine company DayTwo has raised $37 million to continue development of technologies and solutions designed to improve the health of people with diabetes and other metabolic diseases.
- Israeli insurance software company Novidea today announced that it has completed a $30 million Series B financing round, led by Israel Growth Partners (IGP), with JAL Ventures, KT Squared, and 2B Angels.
- Yandex, the 'Google of Russia', has agreed to buy online fashion retailer KupiVIP.
- Uppsala-based digital audio optimiser Dirac has raised $17.7 million in a direct share issue to new investor TIN Fonder and existing investor DIG Investment.
- Barcelona-based counterfeiting, piracy, identity theft and fraudulent online distribution service Red Points has secured up to €15 million in debt financing over the next five years from the European Investment Bank.
- 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.
- Swedish battery company Northvolt is reportedly in the final phase of a SEK 23 billion (€2.2 billion) funding round at a valuation of approximately SEK 75 billion (€7.4 billion).
- The EU lawmaker who will steer the EU’s flagship tech regulation through the European parliament has said it should focus on the largest five US tech companies. Andreas Schwab, a German MEP and longtime critic of Google, spoke after France and Germany both called for the EU to be tougher on Big Tech.
- German mobility company Flixbus is rumoured to be close to a €300 million investment round.
- A group of online privacy activists is taking action against hundreds of websites over their use of pop-up banners asking users to consent to “cookies”, the files that track users’ activity.
- Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M , announced today that it is opening in 20 more European countries, in a bet that demand for sustainable fashion will keep growing.
- The European Investment Bank has confirmed its commitment to back TIM in the development of state-of-the-art network infrastructure with two loans totalling €350 million, in an effort to support projects for the digitalisation of Italy.
- UK and European investors have overwhelmingly shunned Deliveroo, with data showing that just four out of 18,000 mutual funds in the continent have invested in the food-delivery company since its disastrous IPO in March.
- Chinese money is splurging into European startups.
- Sweden's central bank has called in Handelsbanken and software firm TietoEvry for the latest stage of its digital currency pilot.
Today's Top Tweets
Everyone hates #CookieBanners. That is why noyb issued the largest waive of up to 10,000 #GDPR complaints to give users a clear yes/no option.
Find out more: https://t.co/QCeUs9xNFS pic.twitter.com/i8PhPtVfow
— noyb (@NOYBeu) May 31, 2021
Are the EU's regulations hindering Europe's emerging AI industry?
Cédric O, France's minister for digital and telecommunications, says that it is the lack of major tech companies that sets the EU back in terms of AI development. pic.twitter.com/XzlFQy7kp8
— POLITICOEurope (@POLITICOEurope) May 31, 2021
Recently ranked by @IndexVentures as the most “startup-friendly” country in Europe, we are collaborating tomorrow with @TechChill to explore the Latvian Tech ecosystem.
Read about it here: https://t.co/t6LUflojfY
Get your ticket: https://t.co/gc8psNou05 pic.twitter.com/md9aJmuz6P
— Sesamers (@sesamers) May 31, 2021
Nick Clegg to @vestager on day 1 at Facebook: 'I know you have reservations about social media, and perhaps FB in particular, but I hope you'd agree it's good to have a European and a liberal in the heart of Silicon Valley!' https://t.co/tIdov9IUZT
— Nicholas Hirst (@nicholashirst_) May 31, 2021
Glovo CEO Oscar Pierre sat down with https://t.co/4YiMRBC5gw earlier this month to talk about the Spanish unicorn’s expansion hits and misses — and the importance of knowing when to cut your losses and get out.https://t.co/KRpZeKJNl4#glovo #scaling #expansion #crossingborders pic.twitter.com/KpLpA3Ry4K
— Tech.eu (@tech_eu) May 31, 2021
— Florian Graillot (@FGraillot) May 31, 2021
In Feb 2020, I was asked to join the #Research Advisory Board for a new report on #XR lead by @Ecorys. Many workshops & doc revisions later, I am super thrilled “#XR and its potential for #Europe” is now available 4 everyone: https://t.co/jFOzlG8Vzx@OliverSchreer
— ✩ Leen Segers ✩ (@leenus) May 31, 2021
As part of the #EUGreenWeek, the @VodafoneGroup is organising #Digital4Green event.
When: June 3 at 10:00-11:30 CEST
✅ Register now: https://t.co/3uE5oj67VL
Digital can enable speed + scale in delivering the #EUGreenDeal @DigitalEU @EU_ENV pic.twitter.com/aDfIijEZUM
— Tech.eu (@tech_eu) May 31, 2021
Time is ticking... apply to our new @KoodJohvi coding school before midnight https://t.co/X2kstbCJBR - 2 year onsite + hybrid program based in Jõhvi, #Estonia.
We also invite #Finnish, #Latvian and #Lithuanian students! https://t.co/fzTjzbeXDh
— Martin Villig (@waldec) May 31, 2021
WE’RE COMING BACK TO GDANSK!
So happy to invite you to the upcoming Infoshare 2021, an offline, IN-PERSON conference with online features kept for those who cannot attend it.
Check more details in our CEO, Grzegorz Borowski's post:https://t.co/XBakbu562U
— infosharepl (@infosharepl) May 31, 2021
Reconfigured and revitalized, Europe’s biggest startup and tech event #VivaTech is back on 16-19 June – three stages in Paris, live-streamed on three channels.
Don't miss out, book your pass now https://t.co/99PiovDrOb pic.twitter.com/ktuRMUBy0R
— Tech.eu (@tech_eu) May 31, 2021
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