Dan Taylor

European News Desk Editor

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Paris-based HRtech PayFit raises €90 million in Series-D round

Paris-based HRtech firm PayFit saw a 40% growth over the course of 2020, and has closed a €90 million Series-D funding round. The round was led by Eurazeo Growth, Large Venture and BPI France and saw participation from existing investors Accel, Frst and French billionaire Xavier Niel. Previously known best for their payroll solution, the […]

Singapore/London-based PatSnap snaps up $300 million in Series-E funding

With offices in Singapore, Suzhou, London, and Toronto, Innovation intelligence firm PatSnap has closed a $300 million Series-E funding round. The investment round was led by SoftBank Vision Fund 2 and Tencent Investment and saw participation from CPE Industrial Fund and existing investors Sequoia China, Shun Wei Capital, and Vertex Ventures. The fresh round of […]

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, […]

Jerusalem-based photonics firm Teramount raises $8 million in Series-A round

Jerusalem-based provider of optical connectivity solutions for ultra-high bandwidth applications, Teramount has raised $8 million in a Series-A round The round was led by Grove Ventures and saw participation from Amelia Investments, former intel EVP and company chairman David Perlmutter, and other undisclosed individuals. The new funds are expected to continue development and commercialisation of […]

Munich-based e-bike reseller Rebike closes €10 million Series-B round

Munich-based Rebike Mobility, which operates ebike-abo.de and rebike.de, has closed a €10 million Series-B round. BayBG led the round with existing investors Vorwerk Ventures and STS Ventures taking part. Founded in April of 2018 by Thomas Bernik and Sven Erger, Rebike plans to invest the funds into the subscription platform ebike-abo, as well as expand […]

London-based payments provider SumUp raises €750 million

Fresh off a number of recent acquisitions, London-based payments provider SumUp has recently raised €750 million. The oversubscribed round saw participation from existing backers Goldman Sachs, and Bain Capital Credit, and new investors Temasek, Crestline, and funds managed by Oaktree Capital Management. ”We’re proud to be backing SumUp once again and we recognise the truly […]

Switzerland-based Acronis acquires South African partner Synapsys

Marking their fourth acquisition in the past 18 months, cyber-security firm Acronis has announced the acquisition of their South African distribution partner Synapsys. Financial terms of the deal remain undisclosed. Synapsys’ managing director Peter French will now serve as Acronis’ general manager for the MEA region. “Africa is becoming a strategic growth opportunity for Acronis […]