This Week in European Tech: mucho funding for Alan, Kevin, Polarium and Jobandtalent; ProGlove acquired, SoundCloud buys; EU slaps Apple and more

Here's a roundup of this week's biggest European Tech funding rounds, exits, 'other news' that you need to be aware of, topped off with an overview of must-read articles on all things #EUtech.
This Week in European Tech: mucho funding for Alan, Kevin, Polarium and Jobandtalent; ProGlove acquired, SoundCloud buys; EU slaps Apple and more

This week, the research team tracked more than 65 tech funding deals worth over €1.1 billion, and over 10 exits, M&A transactions, and rumours, and related news stories across Europe.

As always, we are putting all of them together for you in a list sent in our round-up newsletter next Monday (note: the full list is for paying customers only, and also comes in the form of a handy downloadable spreadsheet).

Important: get your tickets to our upcoming Summit on 17 May in Brussels pronto. We've got a fabulous speaker line-up and the agenda has been published - so don't hesitate any longer and get your tickets now!

From the likes of European Commissioner Mariya Gabriel to world-record breaking pilot Zara Rutherford, Belgian Prime Minister Alexander De Croo, (Transfer)Wise co-founder and CEO Kristo Käärmann, there will be a ton of people you're gonna want to learn from and meet in person at our first edition of the Summit.

There are a million reasons you do not want to miss out on our first ever major tech conference, but here's a list of 10 big ones as we start counting down 10 days before we see so many of you in (hopefully sunny) Brussels.

Below, please find an overview of the biggest European tech news items for the past couple of days (subscribe to our free newsletter to get this round-up in your inbox every Monday morning). 

What happened this week in European Tech?


>> Notable and big funding rounds

Madrid-based temporary job platform Jobandtalent has secured $250 million in debt financing from US investment banks Citi, Goldman Sachs and European investor AnaCap Financial Partners to connect people with a steady stream of work.

Parisian healthcare startup, that just happens to offer insurance products as well, Alan has raised €183 million in a Series E round. The company is now valued at €2.7 billion, a figure that’s almost doubled since April of last year.

Stockholm-based Polarium, a company dedicated to providing safe and sustainable energy storage solutions built on lithium-ion technology, raised approximately €92 million in a fresh round of funding. With this funding, the company is now valued at $1 billion, making it the latest Swedish unicorn.

Lithuanian fintech startup that provides advanced account-to-account (A2A) payment infrastructure to replace costly card transactions, Kevin. has raised $65 million in funding. The Series A round was led by Accel, with participation from Eurazeo and existing investors.

DoDo Group, a Prague, Czech Republic-based provider of a B2B logistics technology platform, secured €60 million in Series B funding.

The next generation of therapeutics designed to prevent, treat and help people manage a wide range of medical disorders, digital therapeutics is the way forward. Betting big on the segment, Icelandic digital therapeutics platform Sidekick Health has raised $55 million in Series B funding.

Bavarian startup HiveMQ has raised €40 million in a Series A funding round. The HiveMQ solution helps facilitate communications between connected IoT devices; a lot of connected devices.


>> Noteworthy acquisitions, mergers, IPOs and SPAC deals

Munich-based maker of industrial IoT devices, ProGlove, has been acquired by private equity investor Nordic Capital. While Nordic Capital partner Rainer Lenhard declined to comment on the financials of the deal, market experts are citing a €500 million valuation for ProGlove.

After Dublin-based revenue-based financing platform Wayflyer raised $150 million in an all-equity Series B funding round to join the unicorn club at a $1.6 billion valuation in February, the startup is inching up to expand its presence in the influencer marketing space. It has now acquired creator funding provider Peblo.

A smart bus scale-up headquartered in London has been snapped up in an £80 million deal. NASDAQ-listed Swvl Holdings Corp, a global provider of tech-enabled mass transit solutions, has acquired Zeelo, which has 160 staff across the world including 29 software engineers based in its Barcelona R&D hub.

Intel Graphics has acquired Finnish company Siru Innovations. The company has a background in graphics and software development.

Neobank Bunq, by acquiring Belgian FinTech TriCount, will add 5.4 million new users, and become Europe’s second-largest neobank, behind Revolut.

Barcelona-based Qustodio has been acquired by Family Zone in a full buyout at $52 million.

Seeking to further bolster its music intelligence capabilities, SoundCloud has acquired Singapore-based Musiio.


>> Interesting moves from investors

Swiss Nym’s Innovation Fund to invest $300 million in creating a privacy-enhanced Internet.

Munich-headquartered growth stage technology firm Cipio Partners has wrapped up its latest fund with €202 million.

Madrid-based venture capital firm Seaya Ventures has rolled out a new sustainability-focused fund with a target size of €300 million. The fund will invest in technology-driven companies focusing on green tech, circular economy, agritech and sustainable food value chain.

200 German entrepreneurs have pooled their cash into a new €160 million fund to splash on pre-seed to Series A startups in Europe.

Luxembourg domiciled, Swiss-headquartered VC fund Una Terra has high hopes: to raise €1 billion by 2025, and become the de facto platform of choice for ESG investing in venture capital across all relevant sectors and EU geographies.

The European Investment Bank (EIB) has invested up to €20 million in a co-investment facility with Sabadell Venture Capital to support early-stage Spanish start-ups affected by COVID-19. Sabadell Venture Capital will match the EIB co-investment with its own contribution of €20 million, resulting in a total of €40 million for venture debt operations in start-ups.


>> In other (important) news

EU regulators have charged Apple with breaking competition law by limiting rivals’ access to technology that is key to making contactless payments, unfairly benefiting its own Apple Pay service.

Big changes and drama continue to buffet Just Eat Takeaway, one of its big players in the global food delivery business. The company said its chairman, Adriaan Nühn, is leaving the company effective immediately as the company pushes to refocus itself; and its COO, Jörg Gerbig, has also stepped away from his role on the management board because he is being investigated for inappropriate behavior.

Google's app store rules are being investigated by the Netherlands' Authority for Consumers and Markets (ACM) after dating app Match complained about terms and conditions for the in-app payment service Google Play Billing, regulators said.

Meanwhile, Google urged Europe's second-highest court to dismiss a 1.49-billion-euro fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising.

Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said.

Binance, the world’s largest crypto exchange by volume, has gained regulatory approval to provide digital asset services in France, the first European country where it has acquired such permission.

With Latin America quickly gaining ground as a serious player in the startup world, Web Summit has announced a three-year deal with the city of Rio de Janeiro to play host to Web Summit Rio.

The Vatican has announced its plans to enter the metaverse.


>> Recommended reads and listens

Funding to startups in the European Union got off to a brisk start in 2022. But in the past couple months, investment has slowed sharply.

That said: the European tech ecosystem rebounded in April with a total of €10.4 billion raised — nearly €2 billion more than the much milder March.

Data protection, citizens’ rights, and digitalisation are at the forefront of the revolutionary European Health Data Space (EHDS) presented by the EU executive on Tuesday.

On, Kry CEO Johannes Schildt weighed in on why the proposed European Health Data Space has the potential to radically transform the delivery of healthcare across Europe.

Europe's antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps.

How Ireland lost its chance to become Big Tech’s ‘super regulator’.

Launched this week and curated by 13-year tech journalist veteran Martin SFP Bryant, the PreSeed Now publication is designed to spotlight some of Britain’s most promising deep tech and B2B startups.

The European fintech entrepreneurs on Forbes 30 Under 30 list 2022.

Once upon a Plugg...


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