Today in European Tech: SoftBank invests in Norway’s AutoStore at $7.7 billion valuation, AXA VP’s new growth fund, and more

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

– Japan’s SoftBank has acquired a 40% minority stake in Norwegian robotics and software firm AutoStore for $2.8 billion. With the purchase, AutoStore now has a $7.7 billion market value.

Paris-based AXA Venture Partners (AVP) has completed a €250 million first closing of its new AVP Growth Fund II. By year’s end, the final closing is expected to bring in €500 million.

– European private equity fund EMK Capital has acquired Israeli motorcycle Bluetooth communications headset developer Cardo Systems for a reported $150 million.

– Based out of Brighton, MPB is an online reseller platform for used photography and videography equipment. The UK company has raised £49.8 million in funding in a Series D round, led by Vitruvian Partners with participation from current investor Acton Capital.

– Creades has invested about €36 million in Swedish price comparison service Pricerunner for a 12% stake.

– Israeli startup Empathy has raised $13 million in a seed round to launch its app for minimizing burdens after losing a loved one.

– 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

– We dove into our database to capture all the funding deals — as well as IPOs and M&A — that minted new European unicorns in the first three months of 2021. To make things easier, we counted all startups whose valuation surpassed one billion US dollars, euros, or pounds — and found 27 of them!

– Turns out a range of EU institutions including the European Commission were hit by a significant cyber-attack last week.

Facebook’s acquisition of customer service startup Kustomer may be subjected to European Union antitrust scrutiny after Austria asked EU enforcers to take over the task, the European Commission said today.

– How foreign investors are tapping in to Germany’s late-stage VC boom.

Deliveroo’s IPO – Building a European Food Delivery Giant (Part I)

Israeli fintech company eToro announced the appointment of Dr. Hedva Ber as Deputy CEO and Global Chief Operating Officer.

– The UK government, under pressure from science advocates, has promised an extra €250 million to help pay for the country’s association with Horizon Europe, the EU’s seven-year funding programme for research and innovation.

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