This Week in European Tech: We got acquired, and there was also some other news

This Week in European Tech: We got acquired, and there was also some other news

Happy Friday!

Aside from getting acquired this week, the research team tracked more than 100 tech funding deals worth over €1.4 billion, and almost 20 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, 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).

Here's 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) Belgium-born data intelligence company Collibra is raising $250 million in a funding round led by Sequoia Capital that would value it at $5 billion, which comes 18 months after the company raised funds at a $2.3bn valuation.

2) Vienna, Austria-based PSPDFkit has raised €100 million in a round from a single investor, Insight Partners.

3) The Dutch antitrust authority has found that Apple’s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it to make changes, in the latest regulatory setback for the iPhone maker.

4) Bristol-based e-commerce fulfillment platform Huboo has raised £60 million in a Series B round. This healthy dose of dosh adds on to the £14 million the startup brought home last year in their Series A round.

5) Parisian food tech-focused venture fund Five Seasons Ventures has announced a reloading of the salt and pepper shakers at €180 million. Carrying on with the initial thesis, Five Seasons will continue making Series A and B round investments in European food tech startups.

6) Celonis, the European unicorn that offers business execution management systems solutions, announced that it is acquiring The amount was not announced, but reports indicate that it has exceeded €50 million.

7) The European Parliament called for a ban on police use of facial recognition technology in public places, and on predictive policing, a controversial practice that involves using AI tools in hopes of profiling potential criminals before a crime is even committed.

8) With its sights squarely set on capturing the millennial market, Heidelberg, Germany-based neo-insurer Getsafe has extended its Series B raise to a whopping $93 million.

9) Berlin-based Inkitt has developed and deployed an AI algorithm that can book and author success based on reader behaviour. Aiming to push the success of their methods even further, the startup has raised $59 million, one of the largest Series B rounds on record for a Berlin-based business.

10) Video sharing apps like Snapchat, TikTok and OnlyFans could face fines worth millions of pounds in the UK if they fail to crackdown on hate speech and inappropriate content on their platforms under tough new rules introduced by Ofcom.


🎧  -- Not all insurance apps are created equal — with Christian Wiens, Getsafe

Bonus links:

- Facebook’s service outage on Monday (4 October), combined with a series of revelations about the social network’s management, have prompted policymakers to ask for regulation of online platforms with a shared sense of urgency.

- Sebastian Siemiatkowski is listing his investment firm in Stockholm, including a small stake in the $46 billion buy-now-pay-later lender he runs.

- Apple will be hit with an EU antitrust charge over its NFC chip technology, a move that puts it at risk of a possible hefty fine and could force it to open its mobile payment system to rivals.

- VC investment in UK fintechs has reached an all-time high, as firms in the industry attracted $11.4 billion in the first nine months of the year, and raked in the most quarterly funds in Q3 since records began.

- DuckDuckGo and three other search engine rivals to Google on Thursday urged EU lawmakers to take action against the Alphabet unit via new tech rules, saying they have yet to see positive results from an antitrust ruling against Google.

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