This week, our research tracked more than 80 tech funding deals worth over €521 million. We saw over 15 exits and M&A transactions on the other end of the spectrum.
In addition to this week's top financials, we've also indexed the most important/industry-related news items you need to know about.
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.
Either way, let's get you up to speed.
💸 Notable and big funding rounds
🇬🇧 Fibre network provider ITS Technology Group in £100M funding deal
🇩🇪 Quantum Systems raises €63.6M Series B becoming the first European company to raise over €100M on dual-use tech
🇪🇸 BBVA Spark backs Twinco Capital with €50M for sustainable supply chain finance
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇩🇪 Fortive acquires Germany's EA Elektro-Automatik in $1.45B deal
🇬🇧 Parking tech firm undergoes MBO in £120 million deal
🇫🇷 Mobility insurtech firm Laka acquired French e-bike insurance broker Cylantro
🚀 Interesting moves from investors
🇮🇪 ICG faces London suit over tech unicorn it backed with millions
🇫🇷 Tikehau Capital's €200M commitment to European cybersecurity
🇫🇷 I4d Ventures raises €16M for Pre-Seed fund supporting frontier technologies
🇱🇺 Maor Investments closes second fund, at $180M
🇫🇷 Sofinnova Partners closes €190M Digital Medicine I fund
🗞️ In other (important) news
🇬🇧 Digital bank Monzo in talks to sell new £300m stake
🇸🇪 Swedish unions threaten Klarna strike
🇬🇧 British PM Rishi Sunak's speech on AI — as released by 10 Downing Street — embarrassing audio and all
🇫🇷 Home insurance: Luko close to judicial liquidation
🇸🇪 Spotify is changing its royalty model to crush streaming fraud
📡 Recommended reads and listens
🇬🇧 Next stop, London: Tech.eu Summit elevates its game in 2024!
🇪🇺 OpenOcean releases 2023 edition of automation market map, spotlights $13.5B raised by sector in H1 2023
🇪🇺 $4.2B in funding raised by AI startups since 2021 — The Recursive State of AI in CEE report
🇩🇰 “We don’t have any intention to merge,” says CEO of Danish challenger bank Lunar following reports of a deal with Monzo
🇬🇧 London-based Samaya AI unveils an AI tool that suggests better Wikipedia references for citations the tool identifies as unlikely to support associated claims
🔭 European tech startups to watch
🇹🇷 Ecomercek received a follow-on investment of $125,000 from Eczacıbaşı Momentum
🇱🇹 Blockchain startup Micapass tackles crypto money laundering with €240,000 investment
🇫🇮 AI knowledge management tool Wudpecker secures €330,000 in pre-seed funding
🇹🇷 Novus received $500,000 investment led by Inveo Ventures
🇩🇪 Likeminded secures additional €1.5M for digital mental health solutions
Lead image: Photo by Solen Feyissa
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