Today in European Tech: A mega funding round for Gorillas, a $13 billion (SPAC) listing for Arrival, a Deliveroo ‘revolt’, and more

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

Electric vehicle company Arrival has staged what is believe to be the biggest ever stock market listing for a UK tech company. Arrival completed its merger with a SPAC today, which means Arrival is now listed on the Nasdaq in New York under the ticker ARVL. Arrival’s stock was listed at $22, valuing it at roughly $13 billion when the deal closed.

Gorillas, the Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as ten minutes, has raised $290 million in Series B funding, at a valuation that surpasses $1 billion.

– A surge in pandemic-fuelled activity by homebound traders is propelling Dublin-based online broker AvaTrade towards a London stock market listing that could value it at up to £700 million.

UK-based payments infrastructure provider PPRO has topped up its latest $180 million funding round with an additional $90 million investment from JPMorgan Chase and Eldridge.

– Israeli startup Starkware, which develops solutions for enlarging blockchain capacity, today announced that the completion of a $75 million financing round led by Paradigm and with the participation of existing investors Sequoia and Funders Fund, DCVC, Pantera and Wing and new investors Three Arrows and Alameda Research.

German healthtech firm PlusDental has raised another €35 million.

– Israeli cloud-delivered endpoint and server security solutions company Morphisec today announced the completion of a $31 million financing round led by Jerusalem Venture Partners (JVP), with participation from Orange and Deutsche Telekom Capital Partners.

– In less than six months since its seed announcement, Berlin-based SellerX has raised an additional €26 million, now topping out at €130 million in available capital.

Sweden’s Fishbrain has raised an additional €26 million from SoftBank and others.

Kompasbank, Denmark’s newest bank, has closed a $22.5 million Series A financing round led by a group of the existing seed investors and a number of new investors.

– Amsterdam-based Roamler, a company that provides businesses with B2B crowdsourced solutions, has acquired Datlinq – a Netherlands-based data company that specialises in food service and food retail data.

– 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

UK food delivery firm Deliveroo is facing a revolt from investors and riders concerned about the way it treats the latter; hundreds of couriers plan a strike next week.

– The UK’s competition watchdog announced that Facebook’s acquisition of popular GIF website Giphy raises concerns around digital ads and the supply of the short video clips.

– Europe needs to pump 300 billion euros into its telecoms infrastructure by 2025 if it wants to roll out super fast 5G across the 27-country bloc to boost economic growth and tap the potential of the technology, a report said today.

– 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.

– Call for a ‘CERN for AI’ as European Parliament hears warnings on risk of killing the sector with over-regulation.

– Deutsche Telekom and its Slovak unit on Thursday lost their fight against an antitrust fine levied nearly a decade ago by European Union enforcers after Europe’s top court endorsed the sanctions.

Today’s Top Tweets

Tell us what you think about this daily roundup and how we can improve it!

And follow us on Twitter of course.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.