This week in European tech: Visma skyrockets, Delivery Hero regroups, and AI is not an inventor

This week our research tracked more than 85 tech funding deals worth over €6.3 billion, and over 25 exits, M&A transactions, rumours, and related news stories across Europe.
This week in European tech: Visma skyrockets, Delivery Hero regroups, and AI is not an inventor

This week our research tracked more than 85 tech funding deals worth over €6.3 billion, and over 25 exits, M&A transactions, rumours, and related news stories across Europe.

Last week we brought you our Annual Report, and we'll continue providing industry deep dives and critical insights as well as revisiting some of the biggest trends 2024 trends throughout the festive season and the new year. 

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, here's what's happened in the world of tech, startups, and investment. We wish you a safe and happy festive season!

💸 Notable and big funding rounds

🇳🇴 Visma's valuation skyrockets to €19B with new investments

🇸🇪 Northvolt now takes in $1.2B convertible loan

🇬🇧: Octopus Energy raises €800M in funding


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇩🇪 IBM to acquire Software AG's super iPaaS business for €2.13B

🇬🇧 Keywords Studios acquires The Multiplayer Group from Improbable Worlds for $97.1M

🇺🇦: Global BPO company Helpware acquires eTeam


🚀 Interesting moves from investors

🇫🇷 Partech launches €360M Venture Fund

🇹🇷 Türkiye’s largest VC, Revo Capital, plans $100M investment in regional startups

🇪🇺 EU to expand support for AI startups to tap its supercomputers for model training

🇳🇴 Hadean Ventures closes second fund at €144M

🇫🇷 Deeptech: Bpifrance and France Industrie offer skills exchanges between large groups and startups


🗞️ In other (important) news

🇩🇪 Delivery Hero shuts down tech hubs in Türkiye and Taiwan

🇬🇧 Revolut to pause crypto buying for UK business customers

🇳🇱 Lightyear's solarEV innovation secures strategic investment from South Korean VCs

🤖 AI cannot be considered an inventor, says UK Supreme Court


📡 Recommended reads and listens

🥩 Sustainability dominated the foodtech landscape in 2023. Here's what it means for 2024

💻 A game-changing subnet launches on the Internet Computer to help devs build GDPR-compliant dApps

🔒 Dynamic technology environments calls for increased upskilling and training, according to cybersecurity experts

🇳🇱 Dutch neobank Bunq like “dog with a bone” as gears up for UK relaunch and unveils GenAI platform

🇬🇧 UK metaverse industry predictions for 2024

🏆 Empowering success: A deep dive into the growth of female entrepreneurs in the CEE region


🔭 European tech startups to watch

🇱🇹 Medtech startup Sentante secures €6M for its teleoperated robotics

🇫🇷 Kosmik raises €3.3M to overhaul the traditional files-and-folders desktop

🇩🇪 UltiHash raises $2.5M Pre-Seed funding for sustainable data storage

🇩🇰 AI startup Magic Feedback raises €1.2M to democratize access to user feedback

🇵🇱 Quesma's novel database gateway earns $2.3M pre-seed funding


🎄 There are 2 days remaining until Christmas 🎄 

Lead image: Freestocks.

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