Today in European Tech: Funding for energy solutions, Europe goes startup-friendly, fintech companies are not your friends, and more

Andrii Degeler

Andrii Degeler

Journalist and podcast host based in the Netherlands. Covering all things technology since 2007 for Tech.eu, Engadget, TNW, Ars Technica UK, the Kyiv Post, and more.
andrii@tech.eu

Hello!

Here is what happened today in European tech:

Deals

– Estonian energy startup Skeleton Technologies that works on ultracapacitor-based storage solutions has raised €41.3 million in funding. This brings the total amount raised by the company to €93 million.

– Swiss smart lighting startup Novaccess has landed CHF4.8 million in debt and equity. The company has developed a connected street lighting system that allows for fine adjustments and cost reduction.

– Clarity AI, a Spanish startup developing tech that analyses the social impact of companies and investments, has closed a $15 million funding round led by Deutsche Börse and Mundi Ventures.

– ITRS Group, a London-based provider of real-time monitoring and analytics software to enterprise, has acquired US-based Uptrends, a monitoring tool for websites and networks.

Pay for a coffee with Tesla stock? Automata, a fintech startup based in France and the UK, has raised €2 million to create an alternative system of investing, digital banking and retail payments, whereby a shopper could pay for an everyday item with stock

Founders of Zalando Robert Gentz, David Schneider, and Rubin Ritter have invested “several million” euros in Berlin-based solar energy startup Enpal.

– We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.

Worth Knowing

– We can expect a whole lot of startup-friendly regulations to appear across Europe in the foreseeable future. Take a look at an overview of policy initiatives posted today by Sifted.

– Europe’s top regulatory body has issued a stinging indictment of the German financial supervisory regime which allowed bankrupt payment processor Wirecard to hoodwink investors for years.

Are fintech companies your real friends, or just party friends? Turns out both “Monzo and Revolut have faced a barrage of complaints from customers who have had their accounts frozen,” writes Jemima Kelly in her opinion piece on the FT.

New research from London-based venture fund Notion Capital confirms what we already know: More startups are becoming unicorns, but few have women at the helm.

Tell us what you think about the above and how we can improve it! And follow us on Twitter.

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