Happy Friday!
This week, our research team tracked more than 100 tech funding deals worth more than €1.9 billion, and 21 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, Israel, and Turkey.
As always, we are putting all of them together for you in a handy list sent in our round-up newsletter (note: the full list is for paying customers only).
Recently, we also started publishing 'Today in European Tech', a daily round-up of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!
Today, instead of a daily round-up we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this round-up in your inbox every Monday morning).
1) Turkish online shopping giant Hepsiburada goes public
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.
Turkish e-commerce platform Hepsiburada valued at $3.9 billion in its Nasdaq IPO https://t.co/PmJWjV0mlf
— Bloomberg (@business) July 1, 2021
2) More dry powder for Accel to put to good use
Accel has closed $3 billion across three new funds: its fifteenth US early-stage fund of $650 million, its seventh early-stage fund for Europe and Israel of $650 million, and its sixth 'growth fund' of $1.75 billion.
Today, we’re announcing Accel’s latest funds. We believe that the opportunities for entrepreneurs to succeed globally will only accelerate, & we’re committed to supporting the next generation of founders from the earliest stages through to IPO https://t.co/DBku3T568L
— Accel (@Accel) June 29, 2021
3) Mister Spex sees strong IPO debut
Shares in German online spectacles retailer Mister Spex opened 1.5% above its offer price in a stock market debut on Friday. The company opened at 25.38 euros per share, compared to its offer price of 25 euros per share, valuing the Berlin-based company at around 829 million euros.
We are so thrilled to celebrate a 2nd #IPO in our Portfolio
Massive congrats to @misterspex for their incredible journey
Discover the full story behind this investment with @bernhardschmid, Managing Partner at XAnge https://t.co/69V8T8UEZY— XAnge (@XAngeVC) July 2, 2021
4) UK-based medtech firm CMR Surgical scores £425 million in funding
CMR Surgical has raised £425 million in Series D financing, a world record for a private medtech company. Cambridge-headquartered CMR works with surgeons and hospitals to provide an optimal tool to make robotic keyhole surgery universally accessible and affordable.
Surgical robots coming to a hospital near you! $600M Series D for Cambridge,UK-based @CMRSurgical https://t.co/hyy5lULt6s
— Nathan Benaich (@nathanbenaich) June 28, 2021
5) Dream Games secures $155 million in financing to scale
Dream Games, a fledgling mobile games outfit based in Istanbul, has scored a $155 million Series B round led by Index Ventures and Makers Fund that gives the company a post-money valuation of $1 billion.
Casual game studio @dreamgamescom has landed $155 million at a $1 billion valuation from @IndexVentures, @makersfundvc, @balderton, @ivp, and Korahttps://t.co/CZvWlJg52g
— Tech.eu (@tech_eu) June 30, 2021
6) British savings tech firm Smart raises £165 million round
Smart, the global retirement savings technology platform provider that powers the Smart Pension Master Trust, one of the ‘big four’ UK auto enrolment master trusts, has concluded a £165 million Series D funding round. Chrysalis Investments led Smart’s Series D funding round with a £75 million equity investment.
UK Retirement Platform Smart Snaps up £165 Million in Series D Fundraise https://t.co/2saqBrKqHX #fintech #london #funding pic.twitter.com/eaMoA4QfAG
— Fintech Switzerland (@FintechCH) July 1, 2021
7) A big check for Czech grocery delivery scale-up Rohlik
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.
Grocery delivery has another billion-euro player. Spoke to Rohlik CEO Tomáš Čupr about its latest funding round and the glut of new competition in the space https://t.co/HxR3K2lBtf
— Jonathan Keane (@J_K9) July 1, 2021
8) MTG buys Indian game developer/publisher PlaySimple for $360 million
Swedish gaming giant Modern Times Group (MTG) has acquired Indian startup PlaySimple for $360 million.
PlaySimple, which raised $4M Series A from Elevation and Chiratae at $16M valuation in 2016 and did not do any more rounds after it, sold to Swedish giant for $360M. https://t.co/kWRsqYal15
— Manish Singh (@refsrc) July 2, 2021
9) Ably nabs $70 million in Series D funding
Real-time data synchonisation platform Ably has raised $70 million in a Series B round led by Insight Partners and Dawn Capital, with existing investors Triple Point, Digital Horizon, Forward Partners, and MMC, also participating.
We’re thrilled to announce a $70M round of Series B funding led by @insightpartners and @dawncapital
Our CEO, @mattheworiordan, on the journey from A to (Series) B: https://t.co/FcPIjr0MUx#realtimedata #datasynchronization— Ably Realtime (@ablyrealtime) June 30, 2021
10) Grocery delivery scale-up Getir buys its way into Spain and Italy
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.
In an effort to gain new customers in Spain and Italy, the Turkish grocery delivery startup Getir has acquired Barcelona's Blok https://t.co/MDnTrU3bex
We wrote here about Getir's promise to deliver groceries your doorstep in 13 minutes or less https://t.co/5gq9SCkxii— Rest of World (@restofworld) July 1, 2021
Podcast:
How to treat rare diseases with existing drugs — with Meri Williams, CTO of Healx
Bonus link(s):
- The European Commission has adopted two adequacy decisions for the UK - one under the General Data Protection Regulation (GDPR) and the other for the Law Enforcement Directive. Personal data can now flow freely from the EU to the United Kingdom where it benefits from an essentially equivalent level of protection to that guaranteed under EU law.
- Late-stage capital is having a ‘cascading effect’ on European VC activity.
- The EU put more than a billion euros in a fund meant to boost startups. But they're quickly running out of cash.
- 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.
- Invest Europe released its 2020 Central and Eastern Europe Private Equity Statistics. The report shows that the number of CEE companies receiving private equity investment increased by 15% on the previous year’s record and beat the five-year average by 46%.
- N26’s chief growth officer sheds light on the neobank’s US expansion, and its plans for Brazil.
- A supercomputer battle in Barcelona points up the potential pitfalls in Europe's push for strategic autonomy. The "MareNostrum 5" in the Catalan capital is supposed to be the latest and most expensive of eight high-performance computers in the EU — a European effort to catch up with the US, China and Japan in a technology race that's crucial for scientific and industrial development. But the powerful machine is now in limbo amid an argument over competing bids by US-Chinese consortium IBM-Lenovo and France's Atos for the contract.
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