Hello! Here’s what happened today in European Tech. Deals – Danish consumer-review site Trustpilot rose as much as 16% before trimming gains on its first trading day in London after its IPO raised about $655 million. – Rocket Internet Growth Opportunities, a US-listed SPAC formed by Rocket Internet targeting the tech sector, raised $250 million […]
Happy Friday! This week, our research team tracked over 80 tech funding deals worth about €1.2 billion, and more than 25 M&A transactions, rumours, and related news stories across Europe, including Russia, Israel, and Turkey. As always, we are putting all of them together for you in a handy list sent in our roundup newsletter […]
This week, we talk about some of the biggest stories in European tech from the past week, including Rocket Internet’s retreat from the public markets, the prospects of Tesla in Germany, France helping out its tech startups, and more. Also check out an interview with Laura González-Estéfani, founder and CEO of TheVentureCity fund.
Rocket Internet, the Berlin-based startup factory that held an IPO back in 2014, is delisting its shares from the Frankfurt and Luxembourg Stock Exchanges. As rationale for the delisting, a press release says private capital, specifically growth capital, is much more available these days — and “could not have been anticipated at the time of […]
German startup Wimdu, an “Airbnb killer” generously funded by the venture builder Rocket Internet, is shutting down, Gründerszene reports. The company is said to lay off some 50 employees in Berlin and another 60 in Lisbon by the year’s end. It is the financial investor Platinum Equity, which acquired Wimdu and a number other properties in […]
German venture builder Rocket Internet has announced its financial results for the first half of 2018, showing a consolidated profit of €297 million across its properties. The company reported to have accumulated €2.1 billion in the bank as of August 31, 2018. According to Rocket Internet’s report, most of its companies—HelloFresh, Global Fashion Group, Jumia, […]
Startup builder/investment firm Rocket Internet will have one of its co-founders assume the responsibilities of chief financial officer as its current executive will soon be leaving the role and the company to pursue “a new management challenge”. Having joined Rocket in 2014 from Goldman Sachs, Peter Kimpel (pictured above) will depart the company in the […]