Today in European Tech: Deliveroo sets IPO price range, Berlin-based Camunda nabs €82 million, ERP firm Unit4 sold for $2 billion+, and more

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

Food delivery company Deliveroo could make Britain’s biggest stock market debut since Glencore went public nearly a decade ago, after setting a price range on Monday that values it at up to $12 billion.

– It’s official: Israeli company ironSource, a platform for game and app developers, is to be merged into SPAC Thoma Bravo Advantage at a valuation of approximately $11.1 billion.

Utrecht-based ERP software firm Unit4 has been acquired by private equity firm TA Associates. The exact number of the deal was not provided, with TA Associates commenting, “a transactional values in excess of $2 billion.”

– US media platform Digital Turbine is to acquire 95% of the shares in Israeli-German company Fyber. Fyber’s share price has risen 232% over the past year and Digital Turbine will pay a 71% premium on Fyber’s current market cap, by paying $600 million.

– Berlin-based automation and cloud-based open source software provider Camunda has closed an €82 million Series B round. Led by Insight Partners, the round was also followed on by Highland Europe.

– Aldea Ventures has today announced a €60 million first close of a target €100 million first fund to invest in 700 technology-enabled startups across Europe. The firm takes a hybrid approach.

– Zopa has landed £20 million from existing investors after picking up £250 million in deposits following the launch of its app-only bank last year.

Israeli cybersecurity company SCADAfence announced that it has completed a $12 million financing round led by existing investor JVP together with strategic investor Rapids7 and the participation of other existing shareholders.

– London-based financial solutions provider Profile Software has acquired 100% of Euronext Centevo. Terms of the deal were not disclosed.

– 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

– FT sources: UK Chancellor Rishi Sunak will delay a decision over an online sales tax until fall, in a bid to see whether US supports OECD tax reform efforts.

– Revolut has filed a draft application for a banking licence in the US.

– Margrethe Vestager, the executive VP of the European Commission, said she has “reservations” about a proposal from the Portuguese EU Presidency to unblock negotiations on the ePrivacy regulation.

– Just 43 of the UK’s fastest-growing tech firms have floated on the London Stock Exchange in the last twenty years, according to new research.

– Scores of US fund managers are being forced to comply with sweeping new European rules on climate and other sustainable-finance issues, requiring them to disclose the potential harm their investments could do to the environment and society.

British startup bank OakNorth Bank saw profits jump last year despite the COVID-19 pandemic. Its annual accounts showed pre-tax profits rose by 18% to £77.6 million last year.

– A month after his surprise departure from Intel, Uri Frank has been appointed VP of Engineering for server chip design at Google. Frank, according to a statement by Google, will establish an international team set to operate out of Israel.

Tandem Bank, a UK-based challenger bank focused on helping people save money whilst pushing for a sustainable future, has just launched its new banking platform.

– Since the beginning of this year, eight Icelandic tech firms have been partially or fully acquired by investors or tech companies, both domestic and foreign.

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