These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week

Happy Friday!

This week, our research team tracked about 60 tech funding deals worth over €600 million, as well as 10 M&A transactions and related news stories across Europe, including Russia, Israel, and Turkey. Meanwhile, here's an overview of the 10 biggest European tech news items for this week:

1) Fabric, the Israeli startup formerly called CommonSense Robotics, has raised a $110 million Series B led by Corner Ventures, with support from various other investors: Aleph, Canada Pension Plan Investment Board, Innovation Endeavors, La Maison, Playground Ventures, and Temasek. Founded in Tel Aviv back in 2015, Fabric provides “last-mile logistics” to help retailers of all sizes adopt on-demand fulfilment.

2) Just days after Volocopter’s flight over Singapore’s Marina Bay, Micron Ventures announces its participation in a Series C round to fund the German Urban Air Mobility (UAM) startup. Volocopter, based in Baden-Wurttemburg, has developed the VoloCity Aircraft, an electric helicopter or “air taxi.”

3) Commercetools, a German startup that provides a set of APIs that power e-commerce sales and related functions for large businesses, has raised €130 million in a growth round of funding led by Insight Partners.

4) Pollen, an invite-only marketplace that enables people to bring their friends to the best experiences and share rewards, has raised $60 million. The round was led by Northzone, with support from other new investors such as Sienna Capital, as well as existing investors including Draper Esprit, Backed and Kindred.

5) Startupbootcamp Amsterdam will list its next fintech accelerator on the Rabo&Crowd funding platform, which is powered by Nxchange, a next-generation stock exchange. The broader public can now invest in the first publicly-traded startup accelerator, SBC Fintech Amsterdam 1921.

6) Greece-born Blueground, a real estate company that provides extended-stay lodging for stays of a month or longer, has raised $50 million in a Series B round. WestCap Investment Partners and Prime Ventures led the round.

7) Upstream Security, an Israeli automotive cybersecurity company, announced a $30 million Series B round, led by Alliance Ventures, an automotive alliance constituting Renault, Mitsubishi, and Nissan. Volvo Group, Hyundai, Charles River Ventures, Glilot Capital, Maniv Mobility, and Nationwide also participated in the round.

8) Coople, the largest European platform for on-demand hiring, has raised a $32 million Series C round led by One Peak Partners and the growth equity arm of Goldman Sachs Merchant Banking.

9) TwentyThree, the video marketing platform, will acquire Buto, a UK enterprise video platform, in its mission to become the leading European provider and go-to choice of digital marketers.

10) UK challenger Starling Bank has raised £30 million in a new funding round as it firms up its B2B offering and prepares for expansion into European markets.

Podcast: Interview special: Maxim Romain, CEO and co-founder of Dott

Bonus link: US vs UK funds: Who makes more money? (Sifted)

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