Happy Friday!

This week, our research team tracked more than 60 tech funding deals worth more than €1.4 billion, and about 10 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, Israel, and Turkey.

As always, we are putting all of them together for you in a handy list sent in our round-up newsletter (note: the full list is for paying customers only).

Recently, we also started publishing 'Today in European Tech', a daily round-up of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!

Today, instead of a daily round-up we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this round-up in your inbox every Monday morning).

1) Cazoo is on its way to the 'SPAC exchange'

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will list on the NYSE by way of a business combination with SPAC AJAX I; the deal values Cazoo at $7 billion.

2) Lilium to list on Nasdaq in $3.3 billion SPAC deal

Germany-based air taxi startup Lilium has announced their intentions to list on Nasdaq via a merger with a SPAC called Qell Acquisition Corp. The transaction values Lilium at $3.3 billion.

3) Deliveroo's intensely rough public market debut

Shares in UK food delivery firm Deliveroo fell as much as 30% in its highly anticipated London IPO on Wednesday, wiping about £2.3 billion off the company's value, and dealing a blow to the city's renewed efforts to attract tech company listings.

4) Glovo grabs €450 million in fresh funding

Barcelona-based multi-category delivery service Glovo has entered the history books with a €450 million Series F funding round.

5) Fashion marketplace Otrium nabs $120 million

Amsterdam-based unsold fashion marketplace Otrium has raised $120 million in a fresh round of funding co-led by BOND and Index Ventures, and saw follow-on investment from Eight Roads Ventures. The series C round is expected to propel Otrium’s entry to the US market, ramp up additional unsold fashion capabilities, and recruit new staff.

6) UK antitrust watchdog to probe Facebook-Giphy deal

Over in the UK, the watchdog CMA has referred the acquisition of GIPHY by Facebook for an in-depth investigation.

7) Grocery shopping platform Everli raises $100 million

Milan-based online grocery shopping platform Everli has raised $100 million in a Series C round.

8) Google's €25 million anti-fake news donation

Google will contribute €25 million to the newly set up European Media and Information Fund to combat fake news, amid criticism tech giants are not doing enough to debunk online disinformation.

9) Austrian e-learning firm GoStudent secures €70 million

GoStudent, the Vienna-based e-learning startup, has completed a €70 million Series B round led by new investor Coatue together with existing partners Left Lane Capital and DN Capital, only 4 months after the increase of its Series A.

10) Spotify acquired a Clubhouse-like live audio platform

Spotify will acquire Betty Labs, the company behind the Locker Room, which focuses on live audio.


- Tech.eu Podcast #213: Intel Ignite comes to Munich, bad week for Facebook, SPACs are everywhere

- Interview Special: Jonathan Satchell, Learning Technologies Group

Bonus link(s):

- Europe’s struggle to compete in the supercomputing arena, and why it needs to go from buyer to builder

- 92% of VCs say they offer value beyond capital; founders reply, “mmm yeah no”