Here’s what happened today in European Tech.
– Japanese company Renesas has agreed to buy the Anglo-German chipmaker Dialog Semiconductor for €4.9 billion euros in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry.
– Nexthink, a Swiss enterprise software firm founded 17 years ago, has reached unicorn status in a fresh funding round as the coronavirus pandemic significantly increased demand for its products. The company, which specialises in digital employee experience (or ‘DEX’) management software, has secured $180 million in a Series D financing round at an enterprise valuation of $1.1 billion.
– Venture capital firm Jerusalem Venture Partners (JVP) is raising a new $450 million fund to invest in late-stage companies.
– Napster is to make its debut on the London stock market later this month, marking the first time the music streaming pioneer has had its own public listing in a chequered 22-year history. Napster, which will start trading on the Alternative Investment Market from 26 February, is listing in London as a result of the company’s $70 million reverse takeover by a British music tech startup last summer.
– UK-based challenger bank Monzo is raised a further £50 million in equity funding from existing shareholders and one new investor, Silicon Valley firm Octahedron Capital.
– Isotropic Systems, a UK-based developer of broadband terminal technologies, has secured north of $40 million in funding to double down on the development of its multi-beam antennas.
– France’s Homa Games has raised $15 million to enhance its factory for building hypercasual mobile games. The seed round is a big one for Europe, but the publisher and developer already has more than 30 apps and games in its portfolio.
– 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.
– Europe’s antitrust chief, Margrethe Vestager, has warned Apple to give equal treatment to all apps on its platform amid the iPhone maker’s privacy changes that have drawn charges of anti-competitive practices from rival Facebook.
– Airbnb will tighten control of short-term rentals advertised on its site in several French cities including Paris, by throwing out those without formal registration numbers.
– Amazon plans to buy half of the energy produced by a huge new wind farm in the Netherlands.
– European Union countries should use a chunk of the bloc’s €750 billion recovery fund to set up 5G corridors to help the bloc bounce back from the coronavirus pandemic, Europe’s digital chief said today.
– Government agency La French Tech has picked 120 French tech scale-ups to watch. You can find the list here.
– The Portuguese presidency of the EU has pitched a new text on the controversial ePrivacy regulation, focusing on the processing of communications metadata and data stored on end-user equipment, according to the latest proposal, obtained by EURACTIV.
– Europe’s Grocery Delivery Firms Awash With Cash And 15-Minute Promises (Forbes)
– The European Commission’s Research Executive Agency has come under questioning from judges at the Court of Justice of the EU as part of a case focusing on why the agency refuses to disclose documents on the controversial ‘iBorderCtrl’ project.
– Tandem Bank has acquired Bank and Client’s £100 million mortgage book.
Today’s Top Tweets
1. Big news out of Stride today everyone! In 2021, Harry and I will be blazing new trails, but we will be hiking to different coordinates 👀 pic.twitter.com/FPl7WFHlpl
— Fred Destin (@fdestin) February 7, 2021
Monzo confirms it's raising an extra £50M to top up its Series G round. Valuation remains unchanged from last year (£1.25B – a 40% discount to 2019).
— Ryan Browne (@Ryan_Browne_) February 8, 2021
— Elisheva Marcus (@ElishevaMarcus) February 8, 2021
Proud to have been included among the top global mobile app publishers by @appannie. The Level Up Publisher Awards recognize some of the world's most innovative brands and publishers – thrilled to have made the top 3 in the Food & Drink category!#likeheroes #deliveryhero pic.twitter.com/5K1ma25SQG
— Delivery Hero (@deliveryherocom) February 8, 2021
— Mike Butcher (@mikebutcher) February 8, 2021
Groceries delivery space in Greece is heating up 🔥
– @InstaShopUAE launch in Thessaloniki
– @woltapp recent $530M round to expand beyond restaurant delivery & launch in Larissa
– @efoodgr new mini market delivery
– Smaller startups making a move including @Fertoapp @stoferno etc
— Greek Startup Pirate (@StartupPirateGR) February 8, 2021
The first UK Innovation Report, benchmarking the UK’s industrial and innovation performance in a global context, is now available, including data from @InvestEuropeEU.
— Invest Europe (@InvestEuropeEU) February 8, 2021
— Chris O'Brien (@obrien) February 8, 2021
Caught up with one of the co-founders of the Hatch accelerator: Workshop looks to build Ireland as hub for aquaculture technologyhttps://t.co/V2LU8xvdlW
— Jonathan Keane (@J_K9) February 7, 2021
Let’s go 2021! Blippar has a lot in store for you this year, we are ready to meet the demand for augmented reality. https://t.co/OkK6PYas83
— Blippar (@blippar) February 8, 2021
🗣️Here's what’s needed to attract venture capital funding in Europe for your tech startup 📈
— Allied for Startups (@Allied4Startups) February 8, 2021
How close did we get to money without borders – instant, convenient, transparent, and eventually free – in Q4? 🌎💸
— TransferWise (@TransferWise) February 8, 2021
Do you believe in magic?
— Raspberry Pi (@Raspberry_Pi) February 8, 2021
Meet Gabe Helmy, our Personal Browser. Gabe is going to take you on a journey across the farthest corners of the web.
— opera (@opera) February 8, 2021
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