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Happy Friday! This week, our research team tracked more than more than 120 tech funding deals worth over €3.4 billion, and more than 15 exits, M&A transactions, and rumours, and related news stories across Europe (including Russia and Turkey). As always, we are putting all of them together for you
Berlin-based ultra fast delivery service Gorillas has raised $290 million and become Europe’s fastest unicorn to date. The round was led by Coatue Management, DST Global and Tencent, with participation from Fifth Wall, Greenoaks and previous investor, Atlantic Food Labs. The delivery service previously raised $44 million in a
Hello! Here’s what happened today in European Tech. Deals – Electric vehicle company Arrival has staged what is believe to be the biggest ever stock market listing for a UK tech company. Arrival completed its merger with a SPAC today, which means Arrival is now listed on the Nasdaq
Berlin-based SaaS platform that automates and simplifies procurement, Lhotse has raised €5 million in seed funding. This new funding is expected to drive further product development as well as expand the team. Founded in 2020, Lhotse, (El Hotsee? Lotsea? Lost at sea?) sees itself as the next evolution of
Built with high-growth companies in mind, Zürich-based equity management platform Ledgy has raised $10 million in a Series A funding round. The startup automates a number of equity-related business processes, provides various financing rounds options, and manages investor relations. The new funding will be used to further enhance the
After weeks of testing under the codename Project Bear Wave, Delivery Hero is now opening its doors to food delivery and quick commerce operations in Berlin under the foodpanda and pandamarkets brands. Frankfurt, Hamburg, and Munich are on tap for launch this autumn. Following the standard operating procedure, pandamarkets
Tallinn-based Bolt has raised €600 million in a Series E round. The company which started out life as a ride-hailing app (Taxify) has been rolling out a bevy of services including car-sharing and micromobility options, as well as food delivery services. The new funding signals Bolt’s further expansion, this