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Today in European Tech: Northvolt raises $2.75 billion, LinkedIn invests in Hopin, SoftBank launches accelerator in Europe, and more

Robin Wauters 10 June 2021
Today in European Tech: Northvolt raises $2.75 billion, LinkedIn invests in Hopin, SoftBank launches accelerator in Europe, and more
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Hello!

Here's what happened today in European Tech.

Deals

- Stockholm-based sustainable lithium-ion battery maker Northvolt has raised $2.75 billion.

- Hot on the heels of their $1.1 billion share issue raise, Stockholm’s Sinch has announced its intention to acquire the Melbourne-based firm MessageMedia for $1.1 billion in cash and 1,128,487 new shares in Sinch.

- Virtual conference technology company Hopin, which was valued at $5.65 billion in a $400 million financing round in March, has just added LinkedIn to its roster of investors.

- Private equity firm Carlyle has picked up London-based 1E.com, an endpoint and hybrid working specialist, in a deal that values the company at $270 million.

- Wallbox, a Spanish provider of electric vehicle (EV) charging solutions and a SPAC called Kensington Capital Acquisition Corp announced a definitive agreement for a business combination that would result in Wallbox becoming a publicly listed company.

- Munich’s investment platform Scalable Capital has raised more than $180 million in a Series E funding round led by Chinese giant Tencent.

- SoftBank has launched the SoftBank Vision Fund Emerge accelerator in Europe with the goal of connecting underrepresented entrepreneurs with capital, tools, and networks to help them scale. The programme is open to European startups that have at least one founder who identifies as non-white, female, LGBTQ+, disabled and/or is a refugee.

- 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

- The EU and the United States will announce a wide-ranging partnership around technology and trade next week in an attempt to push back against China and promote democratic values.

- The European Commission published the preliminary results of its competition sector inquiry into markets for consumer Internet of Things (IoT) related products and services.

- The market dominance of Amazon's Alexa, Apple's Siri and Alphabet's Google Assistant has triggered concerns of potential anti-competitive practices, EU antitrust regulators said on Wednesday.

- Israeli startups have raised $10.5 billion so far this year, surpassing the record set in 2020, as investors continue to pour cash into technology firms emerging as winners from the pandemic.

- Amazon and Gopuff, a US delivery app backed by SoftBank, reportedly explored competing takeover bids for the German delivery startup Flink.

- Micromobility firm Dott co-founder talks tenders, expansion, and hardware hiccups.

- Ferrari has turned to technology industry veteran Benedetto Vigna to drive the luxury sports car maker known for its roaring, high-octane engines into a new era of silent, electric powertrains.

- An analysis of 12 recovery plans submitted by European Union member states seen by EURACTIV ahead of publication indicates that the investment proposed will see the bloc falling radically short of the digital targets it has set itself for the end of the decade.

- The European Commission will take legal action against Belgium following complaints that its data protection regulator does not meet the EU's independence requirements.

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Today in European Tech: Northvolt raises $2.75 billion, LinkedIn invests in Hopin, SoftBank launches accelerator in Europe, and more
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