This week, our research tracked more than 65 tech funding deals worth over €1.9 billion. On the other end of the spectrum, we saw over 20 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
🇸🇪 Northvolt raises $1.2 billion convertible note from BlackRock
🇫🇷 Open-source AI platform Hugging Face bags €217M from Salesforce Ventures, Google, Amazon, NVIDIA, IBM, others
🇬🇧 Brsk secured £156M debt investment to underpin FTTP network rollout
🇬🇧 DICE secures $65 million funding for global expansion in music ticketing
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇸🇪 NaaS to buy Swedish EV charging solutions provider Charge Amps for $66.4 million
🇬🇧 Idox Plc acquires UK geographic data provider Emapsite in £15.75 million deal
🇪🇪 Swiss-based firm Andromeda Capital buys majority stake in Change Group
🚀 Interesting moves from investors
🇬🇧 Venture Capital Trusts: Proving a pillar of support for UK's expanding startups
🇬🇧 London-based The Players Fund wants to consolidate the athlete-investor community with a €47 million fund
🇱🇹 European Investment Fund backs SME Finance to the tune of €40 million
🇳🇱 Fintech unicorn PPRO’s founder invests in GP stake of Amsterdam’s PE firm HPE Growth
🗞️ In other (important) news
🌍 SoftBank’s Arm unveils plans for biggest US IPO in nearly 2 years
🇩🇪 German funds report strong H1 2023 inflows
🇳🇱 Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
🇬🇧 Sunak to spend £100 million of taxpayer cash on AI chips in global race for computer power
🇬🇧 Microsoft submits new Activision Blizzard takeover deal to British regulator after initial block
🇹🇷 Getir cuts 10% of staff in latest sign of speedy grocery industry's struggles
🇳🇴 Facebook owner Meta asks Norway court to halt privacy fine
📡 Recommended reads and listens
🇸🇪 Scandinavian tech giants like Spotify and Klarna "have fostered a new generation of entrepreneurs”
🇪🇺 Startups greening our wardrobes through circular design and sustainability
🇪🇺 Which US VCs have partners on the ground in Europe?
🔭 European tech startups to watch
🇸🇪 DREM plans to pump up the volume of heat pumps in Europe with €2 million investment
🇩🇰 Goodwings raises $1.5 million for climate-focused SaaS travel management platform
🇬🇧 Multinational accounting simplified: Translucent raises £5 million in seed funding
🇹🇷 Mega Fortuna, which develops mobile games and applications, received a seed investment of $2.3 million
🇫🇮 Metroc raises €2M to bring clarity to construction projects using AI
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