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Today in European Tech: Klarna confirms $1 billion round, Trustpilot targets London IPO, Dream Games raises $50 million, and more

Robin Wauters 01 March 2021
Today in European Tech: Klarna confirms $1 billion round, Trustpilot targets London IPO, Dream Games raises $50 million, and more
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Hello!

Here's what happened today in European Tech.

Deals

- Klarna, which recently hit 18 million monthly users and whose operating income rose 40% in 2020, has recently announced a fresh injection of $1 billion in an equity funding round. This 4x oversubscribed round included a combo of new and existing investors, and closed at a valuation of $31 billion.

- Online reviews platforms Trustpilot said it is considering launching an IPO in London that would see at least 25% of the company floated on the London Stock Exchange.

- Another Israeli SPAC has filed to raise money on Wall Street to target merging with an Israeli tech company. BYTE acquisition filed on Friday with the US SEC to raise up to $300 million.

- Israeli cybersecurity asset management company startup Axonius has announced that it has raised $100 million in a Series D round. The round was led by New York-based growth investment firm Stripes.

- Tel Aviv-based marketing service Yotpo is reportedly raising $200 million at a $1.3 billion valuation.

- Paris-based Vestiaire Collective has secured €178 million in a new funding round backed by Gucci owner Kering and Tiger Global, giving it ‘unicorn' status, to accelerate its growth in the second-hand market and "drive change for a more sustainable fashion industry”.

- Istanbul-based Dream Games announced the launch of its first title, Royal Match, along with $50 million in fresh funding from Index Ventures to double down on the opportunity ahead — the largest Series A round raised by a startup in Turkey to date.

- Nearly two years after raising “millions” in funding, Berlin based AI startup Statice has had a significant minority stake acquisition (nearly 50%) from one of Germany’s leading auditing and consulting services, PwC Germany.

- 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 Reading/Knowing

- After raising a record $10 billion in 2020, Israeli tech startups have already raised $2.5 billion in the first two months of 2021.

- The 15 fastest-growing UK based tech companies have formed a consortium dubbed the ‘Tech Zero taskforce’ to take on the climate crisis; with the goal of positioning the UK as the top global destination for green investment.

- European commissioner Mariya Gabriel urges EU member states to route more money from structural funds into R&D, and add firepower by using this in combination with the pandemic recovery fund and Horizon Europe.

- Expanding beyond pre-scheduled rides, Berlin-based Blacklane is now offering a chauffeur hailing service. The new offering is launching in New York City today, London and Dubai tomorrow, and Berlin and Paris on Thursday.

- Uber drivers can no longer use their smartphones to arrange rides in Brussels effectively putting a stop to the app-based taxi system in the EU capital, the local government said on Monday.

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Today in European Tech: Klarna confirms $1 billion round, Trustpilot targets London IPO, Dream Games raises $50 million, and more
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