Free

Today in European Tech: Turkey's Hepsiburada goes public, grocery delivery startup Rohlik nabs €100 million, Getir buys Blok, and more

Robin Wauters 01 July 2021
Today in European Tech: Turkey's Hepsiburada goes public, grocery delivery startup Rohlik nabs €100 million, Getir buys Blok, and more
Send email Copy link

Hello!

Here's what happened today in European Tech.

Deals

- Hepsiburada.com was valued at $3.9 billion in its initial public offering on Nasdaq, the first such listing on the exchange by a Turkish firm. The company, one of Turkey’s largest online shopping platforms, sold shares at $12 apiece and is planning to use the proceeds to offer additional services such as booking flights and money transfers.

- Hewlett Packard Enterprise has entered into a definitive agreement to acquire Israeli cloud data management and protection company Zerto for $374 million in cash.

- Prague-based online grocery delivery startup Rohlik has secured a €100 million Series C funding round at a valuation of €1 billion. Led by Index Ventures, the capital injection will support Rohlik’s expansion; the company has already launched in Hungary and Austria and is planning to start operating in Munich in the coming months.

- Rapyd, an insert-fintech-services-into-any-app payments platform has announced its definitive agreement with Arion Banki to acquire Icelandic payments solutions company Valitor for $100 million, subject to regulatory approval.

- Getir, the Turkish startup that has built a $7.5 billion business out a mobile app that lets consumers buy groceries and get them delivered in minutes, is acquiring Blok, another “instant delivery” grocery service based out of Barcelona.

- Veepee (formerly Vente-Privée.com) has signed its first financing agreement worth €80 million with the European Investment Bank. It will be used to finance Veepee’s digital transformation investments.

- London-based Codat, the technology company that enables small businesses to seamlessly share business and financial data with financial and other service providers, has secured $40 million in a Series B round led by Tiger Global, with existing investors Index Ventures and PayPal Ventures also participating.

- Estonia-founded supercapacitor company Skeleton Technologies has raised €29 million in an extension of its Series D round, bringing its total amount to €70.4 million.

- Itsme, the digital identity app owned by a consortium of Belgian banks and telcos has received a €24.7 million capital injection.

- Israel's Juno Journey, which has created an AI platform to enhance employees’ professional development, has raised $19 million in Series A funding.

- Next generation display and device makers in the US, China, and Japan are already employing Cambridge-based VividQ’s computer-generated holography technologies, now it’s simply a matter of waiting before Tony Starks’ holotable moves from science fiction to science reality. To this end, VividQ has raised an additional £11 million in a seed extension round.

- 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

- Retail giant Amazon has announced the launch of a new development centre in Helsinki that has been established specifically to support Amazon Scout, the autonomous delivery vehicle active in the US.

- Nissan on Thursday announced plans to build a £1 billion “gigafactory” in Sunderland, UK, in a major boost to the country’s electric vehicle plans.

- With its High Tech Strategy 2025, Germany has laid out its ambitions to position itself at the forefront of the next technological revolution, though critics say Europe’s biggest economy still has some catching up to do.

- Authorities in Paris and other French towns will be able to regulate local businesses who wish to rent property on Airbnb, according to a decree published by the French government.

- London is missing out on Europe’s $4.4 billion Spac boom.

- The European Commission kicked off its €7.9 billion European Defence Fund (EDF), opening 23 calls worth €1.2 billion for collaborative defence R&D projects.

- Today icon group has announced the reorganization of the company into a global innovation group offering full-service innovation from idea to scale, which will include a €25.3 million venture capital fund.

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.

Today in European Tech: Turkey's Hepsiburada goes public, grocery delivery startup Rohlik nabs €100 million, Getir buys Blok, and more
Comments
  1. Would you like to write the first comment?

    Would you like to write the first comment?

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