The European tech ecosystem rebounded in April with a total of €10.4 billion raised — nearly €2 billion more than the much milder March. The Tech.eu research team tracked 384 funding deals, and found that 29 companies raised more than €100 million, 49 were under €1 million, and 37 investment deals were undisclosed.
Fintech kept its crown as the investor's darling, again coming in as the vertical raising the most money: €2.1 billion in April, up a tick from around €1.9 in March.
Food-delivery behemoth Delivery Hero topped the charts, raising the equivalent of €1.4 billion in a round of debt financing. The group, which sold off its stake in Latin-America-based Rappi, and upped its stake in Spain’s Glovo as part of a global realignment, said the new financing package was to "bolster the company’s strong liquidity position for the long-term.”
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