Today in European Tech: ManoMano nabs $355 million, Volocopter and TravelPerk make acquisitions, Pleo valued at $1.7 billion, and more

Today in European Tech: ManoMano nabs $355 million, Volocopter and TravelPerk make acquisitions, Pleo valued at $1.7 billion, and more


Here's what happened today in European Tech.


- Online DIY platform ManoMano today announced it has raised a $355 million round of financing giving the French scale-up a valuation of $2.6 billion.

- Danish startup Pleo, which sells corporate expense management software and linked “smart” payment cards, has boosted its valuation to $1.7 billion in a $150 million equity financing round.

- Israeli internet recommendation company Outbrain has secured $200 million in funding from Boston-based investment manager The Baupost Group.

- In less than a year after its launch, French industrial company Verkor has secured investments totalling €100 million. This funding is to be used to break ground on the Verkor Innovation Centre (VIC) in Grenoble which is expected to be fully operational by 2022.

- Irish software company Teamwork has secured $70 million in investment form Bregal Milestone to fund further growth.

- Barcelona-based travel tech startup TravelPerk has acquired one of the largest travel platforms in the UK, Click Travel. This marks the company’s third acquisition in a year that’s been nothing short of, shall we say, “interesting”(?) for the travel industry.

- Germany-based urban air mobility firm Volocopter has received Production Organisation Approval, and has acquired long-time partner, composite aircraft production firm DG Flugzeubau.

- Vienna’s e-commerce fulfillment and logistics firm byrd has raised €16 million and is looking to expand into five new markets in Europe.

- 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

- A relatively unknown Swedish company (Embracer) has become Europe’s most valuable video-game developer after the region’s most prolific deal spree.

- France aims to invest nearly €1.7 billion in its 5G market as it hopes for it to be worth €15 billion by 2025.

- A French court has ordered Twitter to provide clear details on what it is doing to tackle hate speech, after several French lobby groups had asked Twitter to clamp down more on hateful content.

- Amazon claims European SMBs sold more than 1.8 billion products on Amazon store last year, and that they created over 550,000 jobs in Europe to date to support their businesses online.

- Podcast: Scaling up rapidly in Europe — with Hanno Renner, co-founder and CEO of Personio.

- VC firm Vertex Ventures has published an updated map of the Israeli Digital Health Ecosystem.

- Driverless robots will soon deliver food to students on college campuses in the United States after Russian tech giant Yandex and online food-ordering company GrubHub agreed a multi-year partnership.

- German fintech firm Solarisbank has launched in France, Italy and Spain to offer local IBANs.

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