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Today in European Tech: Northvolt is reportedly raising €2.2 billion, Doktor.se scores €50 million, Yandex buys KupiVIP, and more

Robin Wauters 31 May 2021
Today in European Tech: Northvolt is reportedly raising €2.2 billion, Doktor.se scores €50 million, Yandex buys KupiVIP, and more
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Hello!

Here's what happened today in European Tech.

Deals

- 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.

Worth Reading/Knowing

- 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.

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Today in European Tech: Northvolt is reportedly raising €2.2 billion, Doktor.se scores €50 million, Yandex buys KupiVIP, and more
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