Happy Friday!
This week, our research team tracked more than 81 tech funding deals worth more than €3.3 billion, and about 26 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 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).
This week:
1) Prague-based consumer and SMB software maker Avast is set to be acquired by cybersecurity rival NortonLifeLock in a deal valued at as much as $8.6 billion. NortonLifeLock will acquire 100% of Avast’s shares, and double down on global security measures, just as ransomware attacks are on the rise.
2) Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. The deal marks SoftBank’s first in the country.
3) EO Charging, a UK-based provider of charging solutions for electric-vehicle fleets, on Thursday unveiled plans to go public through a combination with blank-check company First Reserve Sustainable Growth Corp. The companies said the transaction gives EO Charging a pro forma combined enterprise value of $675 million and will provide more than $150 million in cash.
4) Facebook could be forced to sell gif creation website Giphy after an investigation by the UK competition regulator found its takeover could harm competition among social media companies and the digital advertising market.
5) UK-based low Earth Orbit satellite constellation builder OneWeb has received a $300 million equity investment for an 8.8% stake in the company from South Korean defense electronics and information infrastructure firm Hanwha Systems.
6) American grocery delivery startup Gopuff on Thursday agreed to buy Dija, a British competitor founded just eight months ago. Gopuff said the move would help it expand into Europe, by establishing a larger presence in the UK and entering France and Spain.
7) Germany's Delivery Hero has taken a 5.09% stake in online food delivery rival Deliveroo, driving the British company's share price to its highest since listing on the stock market in March.
8) Seth Klarman’s hedge fund, Baupost Group, has bought a 3.5% stake in Dutch food-delivery company Just Eat Takeaway.com.
9) The European fulfillment by Amazon (FBA) kitchen just got a little hotter, as Berlin’s SellerX has announced the close of a €100 million Series B round. As the name might imply, SellerX acquires, consolidates, and scales third-party Amazon-based e-commerce businesses. Including this round, the startup has raised close to €250 million in debt and equity in just 12 months of operation.
10) And the ChargePoint acquisition spree keeps on-a rollin’. Just three weeks prior, the company snapped upped Austria’s e-mobility solutions provider has.to.be for a cool €250 million, and this week, announced the acquisition of eBus and commercial fleet management platform ViriCiti for €75 million.
Podcast:
A big problem with startup (over)valuations, with Robin Godenrath and Bastian Hasslinger of Picus Capital
Bonus links:
- How Sweden became the Silicon Valley of Europe.
- How Turkey became a star of European tech.
- Europe was the world’s great tech enforcer. Not anymore.
- These are the 100 hottest startups in Europe in 2021 (according to Wired).
- Report: Do corporations still want to partner with startups in times of crisis?
- How new European regulations on real estate crowdfunding can affect the industry.
- Ireland stares down several major changes to its tax system.
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