This week, our research tracked more than 65 tech funding deals worth over €3.6 billion. On the other end of the spectrum, we saw over 15 exits and M&A transactions.
As always, we've also indexed the most important/industry-related news items you need to know about, however, this recap is by no means exhaustive. Our comprehensive brief, and its associated data, are available to our insights members via a weekly round-up newsletter and a handy .csv file allowing for even more in-depth analysis.
If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.
And now, the news.
💸 Notable and big funding rounds
🇳🇱 Exor snaps up 15 percent stake in Philips at €2.6 billion
🇬🇧 COMPASS Pathways to advance psilocybin therapy with up to $285 million in new financing
🇮🇪 TechMet closes $200 million to secure the supply of the key metals for renewable energy
🏽🏻 Noteworthy acquisitions and mergers
🇸🇪 Apica raises $10 million and acquires US-based LOGIQ.AI
🇹🇷 Param acquires Twisto: A new era for Türkiye fintech in Europe
🇬🇧 Amdaris acquisition: Bristol-based software firm bought by Insight
🚀 Interesting moves from investors
🇬🇧 SoftBank in talks to buy Vision Fund's 25% stake in Arm
🇬🇧 Hayfin raises over €6 billion for Direct Lending Fund IV
🇬🇧 UK launches £1 billion fintech fund backed by Mastercard and Barclays
🗞️ In other (important) news
🇮🇹 Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
🇬🇧 Streaming giant DAZN strengthens women's sports push with ata football deal
🇬🇧 Payments watchdog suggests £415,000 ceiling for APP fraud reimbursement claims
🇫🇷 France bets big on open-source AI
📡 Recommended reads and listens
🇩🇪 80 percent of Germany's medical cannabis startups set to die a painful death
🇬🇧 Startup founded by Apple and Monzo execs wanting to disrupt rental market closes
🇪🇺 How Open Source startups can win investors with community traction
🇪🇺 Exceptional growth in European business software sector in 2022
🔭 European tech startups to watch
🇬🇧 Peter Thiel continues support for Lindus Health in $18M funding round
🇩🇪 Berlin-based SureIn secures €4M to expand SMB insurance solutions
🇪🇸 Shopping around? Funos' funeral home price comparison platform raised €600,000
🇹🇷 Web3 game studio Hungri Games scores $500,000 from Boğaziçi Ventures