£108M equity for Flagstone, Ada Ventures' inclusion in practice, and €672 million was invested in tech this week

This week Databricks invested in Mistral A, the LSE opens doors for Bitcoin and Ethereum ETNs, and a new fund for Dutch deeptech startups.
£108M equity for Flagstone, Ada Ventures' inclusion in practice, and €672 million was invested in tech this week

This week our research tracked more than 80 tech funding deals worth over €672 million, and over 15 exits, M&A transactions, rumours, and related news stories across Europe.

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

🇬🇧Flagstone secures £108M equity investment from Estancia Capital Partners

🇬🇧PPRO secures £73M to fuel growth in key markets

🇳🇱Eye Security secures €36M from Bessemer Venture Partners and others to protect SMEs from cyber threats


🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇩🇪 Zendesk to acquire Berlin's Ultimate for AI customer support

🇩🇪Mahana Therapeutics acquires Berlin's Cara Care, expanding digital treatment for chronic conditions

🇨🇭Swiss edtech Avallain acquires AI toolset TeacherMatic


🚀 Interesting moves from investors

🫶Inclusion in practice: Ada Ventures closes oversubscribed £63M Fund II

🇳🇱 DeepTechXL raises €110M, a boost for Dutch deeptech startups

🤖Databricks invests in Mistral AI, integrating Mistral AI’s models into its platform

⏰TikTok's Effect Creator Rewards fund started supporting AR effect producers in Turkey

UK-based VC Mercia Ventures raises €70.1M to support regional SMEs


🗞️ In other (important) news

💸The London Stock Exchange opens doors for Bitcoin and Ethereum ETNs

🇪🇺UK semiconductor sector gains access to €1.3B pot of funds from Horizon Europe

 🇸🇪Micromobility operator Voi raises $25M and gains traction in new cities

🚚EV firm Arrival collapsed owing over £1bn

🛒AliExpress is first online marketplace to face DSA investigation by EU


📡 Recommended reads and listens

😴It's World Sleep Day, and these startups want to help you get better shut-eye

🦄Top 100 Next Unicorns 2024 by Viva Technology

🌳European climate fintech show resilience amidst global downturn

🇪🇺Veteran investor Anne Glover (Amadeus Capital) on Europe's chance to shine in deep tech

🤖EU dials up scrutiny of major platforms over GenAI risks ahead of elections 


🔭 European tech startups to watch

🇫🇮 Smart thermostat Themo helps Finns earn money by participating in balancing the grid

🇫🇮Sooma gets €5M boost to expand its tDCS at-home depression treatment

🇺🇦AI startup Beholder raises nearly $1M investment

🇨🇭JAEGER Fishing raised €311,000 from the crowd for its fishing boxes

🇮🇹AI-powered HRtech startup Talentware secures €800,000

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