Today in European Tech: SoftBank pumps $130 million into Polish e-tailer, London VC Forward Partners plans to list on AIM, and more

Today in European Tech: SoftBank pumps $130 million into Polish e-tailer, London VC Forward Partners plans to list on AIM, and more


Here's what happened today in European Tech.


- Quietly announced over the weekend, Polish footwear and accessories retailer eobuwie’s majority shareholder CCC signed the papers with SoftBank Vision Fund 2 that saw a $130 million investment.

- London-based VC firm Forward Partners has announced its intention to trade on AIM (Alternative Investment Market), a sub-market of the London Stock Exchange.

- Bugatti and Croatia-based Rimac are partnering to create one hypercar mega-company, with both firms to team up on future technologies. Rimac will effectively take control of Volkswagen’s Bugatti brand in a deal that cements its position as an established automotive force.

- Nexperia, a Dutch chip firm owned by China’s Wingtech, plans to acquire the UK’s largest chip producer, Newport Wafer Fab. The financial details of the deal were not disclosed, but two CNBC sources said that it’s worth around £63 million.

- With its novel approach to invoice factoring, Arex Markets has raised €8.8 million in a Series-A round. The Dublin-based startup uses an algorithm-based trading mechanism that opens up capital for SME’s and provides professional investors the opportunity to invest in SME assets directly without transaction costs.

- 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

- Revolut, the British-based banking and payments app, is reportedly in detailed talks with SoftBank's Vision Fund 2, the world's largest technology fund, about a fundraising that could value it at well over $30 billion.

- Sweden's financial watchdog is investigating whether buy-now-pay-later (BNPL) fintech Klarna has violated bank secrecy laws following a security breach in May.

- announced the creation of a new internal FinTech business unit to facilitate seamless access to the company’s global travel marketplace for both customers and partners.

- UK-based online electrical retailer AO wants to more than double its turnover in five years’ time.

- London’s Dawn Capital has announced two internal promotions, Mina Mutafchieva to Partner, and Dan Chaplin to Principal. With Mina’s appointment, she now joins Evgenia Plotnikova as the second female partner (of five) at Dawn.

- Revolut’s chief operating officer, Steve Harman, has left the fintech after 10 months in the role as rumours swirl about a SoftBank-backed fundraising round.

- UK-based Zapp, an on-demand delivery service, has launched its services in Amsterdam. Additionally, Zapp has also revealed that Dutch entrepreneur and celebrity icon Bas Smit has become an investor in the company.

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