Today in European Tech: Klarna scores $639 million in fresh cash, Ledger nabs $380 million, Amazon faces $425 million EU privacy fine

Today in European Tech: Klarna scores $639 million in fresh cash, Ledger nabs $380 million, Amazon faces $425 million EU privacy fine


Here's what happened today in European Tech.


- Stockholm’s BNPL juggernaut Klarna has confirmed a new equity funding round of $639 million led by SoftBank’s Vision Fund 2. With this raise Klarna now clocks in at a post-money valuation of $45.6 billion, a figure that is only eclipsed by Stripe in the fintech world.

- After two decades of being one of Europe’s leading Series A venture firms, Balderton Capital has raised a mammoth $680 million to launch an early growth fund.

- Ledger, the Paris-based producer of crypto hardware wallets, has closed a $380 million Series C fundraise valuing the startup at more than $1.5 billion.

- UK based core banking provider 10x Future Technologies is set to sell a slice of its business in a deal valuing the company at more than £500 million.

- European growth investor HPE Growth has collected €160 million to support an increasingly popular deal structure that gives the firm more time to support PPRO, a cross-border payments infrastructure technology company the firm initially backed in 2014.

- Israeli big data web and mobile app analytics company Glassbox has announced the successful completion of its IPO on the Tel Aviv Stock Exchange (TASE). The company raised $100 million at a valuation of nearly $500 million.

- London-based Permira aims to raise some $2.5 billion for its second growth fund focused on investments in smaller, growing technology companies.

- French e-signature startup Yousign has raised a $36.6 million Series A funding round. Lead Edge Capital is leading the round and eFounders is investing once again in the company.

- Nexxiot, a Swiss company active in global supply chain digitisation, has raised $25 million in a round led by US investment firm QVIDTVM.

- Parisian mobile games publisher Voodoo has acquired Tel Aviv-based cross-channel marketing automation platform Bidshake.

- 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

- A European Union privacy regulator has proposed a fine of more than $425 million against Amazon, part of a process that could yield the biggest-yet penalty under the bloc’s privacy law.

- The European Parliament is set to call for more funding for female entrepreneurs in the EU as MEPs gear up for a vote on a new report on gender equality in science, technology, engineering and mathematics (STEM).

- Britain's competition watchdog is planning a formal competition investigation into e-commerce company Amazon over its use of data.

- Significant cyberattacks against critical targets in Europe have doubled in the past year, according to new EU figures.

- Stockholm-based, globally-minded VC firm Creandum has announced the promotion of now-former Principal Peter Specht to Partner. Specht will remain in Berlin, thus strengthening the firms’ presence in one of Europe’s leading startup ecosystems.

- Food delivery service Deliveroo is partnering with Neighbourhood Watch in the UK to offer training to its couriers to keep an eye out for crimes.

Today's Top Tweets

Tell us what you think about this daily roundup and how we can improve it!

And follow us on Twitter of course.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.