Today in European Tech: Klarna closes in on $40 billion valuation, About You preps blockbuster IPO, Ada raises $90 million, and more

Hello! Here’s what happened today in European Tech. Deals – Hamburg-based fashion e-tailer About You has announced its intention to list on the Frankfurt Stock Exchange as of Q2 of this year. With the listing, About You will also file an accompanying private placement reserved for institutional investors with which it intends to raise at […]

Today in European Tech: Wise refinances its debt with £160 million capital boost, Klarna considers London IPO, and more

Hello! Here’s what happened today in European Tech. Deals – Wise (formerly TransferWise) will ‘connect with over 3,000 banks around the world’ thanks to a partnership with Temenos, as Silicon Valley Bank provides it with a £160 million capital boost to help refinance existing debt. – London and Tel Aviv-based venture capital firm 83North has […]

Today in European Tech: Metacore scores €150 million in financing, Klarna’s shiny new London HQ (and plans for the UK), and more

Hello! Here’s what happened today in European Tech. Deals – Finnish mobile games company Metacore has secured a €150 million credit line from crosstown friend Supercell. This credit line adds on two Supercell’s previous faith in the company, investing €5 million in 2018, and €15 million in 2020, as well as a €10 million credit […]