Today in European Tech: Money flows into drone delivery-as-a-service, business travel platforms, digital restaurants and more

Hello! Here’s what happened today in European Tech. Deals – Pegasus Acquisition Company Europe, a SPAC focused on the European financial services industry set up by LVMH founder Bernard Arnault and others, listed today on Euronext Amsterdam. At opening, the share price was set at €10/share; the SPAC raised approximately €500 million in the IPO. […]

Amsterdam-based traveltech Roadmap acquired by LA-based Emburse

Expense management and accounts payable automation firm Emburse has snapped up Amsterdam-based Roadmap. Financials and terms were not disclosed. “Business travel ​will return – but it will look completely different to pre-pandemic travel,” said Eric Friedrichsen, CEO of Emburse. “Bringing Roadmap into our suite of solutions allows our customers to offer their employees a modern, […]

tripaction tech.eu

Business travel platform TripActions takes on $155 million to prepare for post-pandemic growth

TripActions has raised $155 million in Series E growth funding, ballooning the company’s valuation to $5 billion. This is the travel company’s second massive funding round during the pandemic, adding to the $125 million convertible-to-IPO financing from June 2020. The company, founded in the US by two Israeli entrepreneurs, says its rapid growth continued through […]

Maps.me tech.eu

Russian travel app Maps.me gets $50 million to add digital wallet

Maps.me, an offline travel app that includes both routes and local business recommendations, has raised $50 million to add a multi-currency wallet to its platform. Led by Alameda Research, the round was joined by two cryptocurrency investors, Genesis Capital and CMS Holdings. Investors hope that by embedding decentralized finance (DeFi) into an “everyday app”, Maps.me […]

Today in European Tech: Rapyd raises $300 million, Auto1 gears up for a blockbuster IPO, Travelperk buys NexTravel, and more

Hello! Here’s what happened today in European Tech: Deals – Insurance companies Clal and Migdal are expanding their investment in Israeli fintech company Pagaya. Together, they will inject $400 million into the company. – Rapyd, an Israeli fintech-as-a-service company, has announced a whopping $300 million Series D round. The new financing will be used to […]