Mistral AI moves the needle, BUX bought in firesale, and the Tech.eu Annual Report

This week our research tracked more than 95 tech funding deals worth over €1.4 billion and 10+ exits and M&A transactions on the other end of the spectrum. 
Mistral AI moves the needle, BUX bought in firesale, and the Tech.eu Annual Report

This week our research tracked more than 95 tech funding deals worth over €1.4 billion and 10+ exits and M&A transactions on the other end of the spectrum

Today we published our 2023 Annual Report, a comprehensive review of investments, geographic region performance, industry performance, top M&A and exit activities, the most active investors, and much more.

Normally this format is reserved for our paying subscribers, but in the spirit of the holidays ... 🤫

Meanwhile, 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

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇫🇷 Mistral AI confirms €385M Series A funding round

🇬🇧 SumUp raises €285M to expand payment products for small businesses

🇳🇱 Service management provider TOPdesk raises €200М from CVC Growth Funds


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇸🇪 Vertex launches $555M bid to acquire Swedish firm Pagero Group

🇳🇱 ABN AMRO acquires Dutch neobroker BUX amidst cost-cutting measures

🇱🇹 Altechna, a laser optics company, acquires Alpine Research Optics


🚀 Interesting moves from investors

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇫🇮 Innovestor launches €30M angel co-fund to support Finnish startups

🇫🇷 Axeleo Capital raises €73M for its fund dedicated to B2B startups

🇫🇷 Paris-based VC firm Singular raises $435M for its second fund

🇫🇷 Revaia holds first close of second fund at €150M

🇩🇰 Danish Heartcore Capital launches €15M web3 fund


🗞️ In other (important) news

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇪🇺 EU’s top court rules in favour of Amazon in €250M tax dispute

🇲🇹 Malta among states lobbying to allow spyware use against journalists

🇪🇺 MEPs call for new rules on digital platforms’ addictive design

🇪🇺 Privacy complaint takes aim at Musk’s X over EU ads targeted on sensitive data

🇫🇷 France to present ‘streaming tax’ for music industry in 2024


📡 Recommended reads and listens

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇬🇧 London fintech Curve has “strong potential” to hit profit in 2024

🇪🇺 The missed opportunity of the EU AI Act

🇱🇹 Lithuania eyes European regtech glory

🇪🇺 European Union lawmakers agree deal to bolster gig worker rights


🔭 European tech startups to watch

🇪🇺 The European tech ecosystem in 2023: A Tech.eu annual report

🇪🇪 Making mealtime safer, Inspectle Foods forks €400,000

🇸🇪 FineCell secures €1M from Metsä Spring for cellulose powder and hydrogels from pulp fibre

🇹🇷 Fighting fashion industry waste, Myth AI stitches together $1.3M

🇫🇷 Naobios awarded €1.7M grant for vaccine development by Bill & Melinda Gates foundation

🇩🇪 Vectoflow secures €4M Series A for its customised flow measurement tech


🎄 There are 10 days remaining until Christmas 🎄

➡️ The European tech ecosystem in 2023: A Tech.eu annual report ⬅️

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