Today in European Tech: Mollie nabs €665 million, GoStudent raises €205 million, EU launches probe into Google’s adtech services, and more

Today in European Tech: Mollie nabs €665 million, GoStudent raises €205 million, EU launches probe into Google’s adtech services, and more


Here's what happened today in European Tech.


- Mollie, an Amsterdam-based startup that provides a way for businesses to integrate payments into sites, documents and other services by way of an API, has raised €665 million in an all-equity round that values the company at €5.4 billion.

- SoftBank, Tencent and other leading investors are betting that the next big online education company will come out of Europe. Vienna-based online tutoring startup GoStudent has raised €205 million in a bumper investment round that values the five-year-old firm at €1.4 billion.

- London-based HR tech scale-up Oyster, which provides tools to help with hiring, onboarding, payroll, benefits and salary management services for both contractors and full-time employees working outside of an organization’s home country, has closed a Series B of $50 million at a $475 million valuation.

- ION Group is to install a new IT system for Italian digital challenger bank illimity and take a 9.99% stake in the lender.

- Berlin-based fintech Myos has developed a system to employ AI to evaluate risk assessment based not on the founders, but rather, on a “product potential”. Putting their belief in this system, Fasanara Capital and Xploration Capital have led a €25 million funding round in Myos.

- 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

- Google was in the EU antitrust spotlight again on Tuesday as regulators opened an investigation into whether its digital advertising business gives the Alphabet unit an unfair advantage over rivals and advertisers.

- Google's YouTube won its latest copyright-infringement challenge after Europe's top court said online platforms are not liable for users uploading unauthorised works unless the platforms failed to take quick action to remove or block access to the content.

- Personal data will continue to flow unimpeded from the EU to the UK, the bloc's member states have agreed in a unanimous decision that will relieve many businesses on both sides of the Channel of spending much time and money on complex legal paperwork.

- The European Union will invest nearly €9 billion in European space programs over the period of 2021 to 2027, the European Space Agency (ESA) said.

- "We had to look for opportunities elsewhere”: Spanish unicorn Cabify founder Juan de Antonio on starting out in his home country and expanding the business to Latin America.

- Banking giant ABN Amro has launched a €425 million fund for sustainable impact companies.

- The European Union wants to launch a new cyber unit to respond to cyberattacks, according to a draft of the plan seen by POLITICO.

- Restricting data flows in Europe might lead to economic damage worth €2 trillion by 2030, roughly the size of Italy’s economy, and result in two million fewer new jobs, a new industry study has warned.

- By the end of 2024, passengers on the London Underground will have mobile reception across the entire network of stations and tunnels, London’s mayor Sadiq Khan has announced.

- CompTIA’s European Tech Hiring Trends provides an in-depth look at hiring trends across 10 markets: Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Portugal, Romania and Spain.

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