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Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more

Robin Wauters 20 April 2021
Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more
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Hello!

Here's what happened today in European Tech.

Deals

- There’s a new fund on the block: Meet Cusp Capital (and its €300 million opening).

- Micromobility startup Dott with headquarters in Paris and Amsterdam has secured $85 million in a Series B funding round. The capital injection was co-led by Belgium-based Sofina and UK-based Estari.

- Helsinki-based investment firm Icebreaker has closed its second fund at €100 million and raised a separate €20 million that will be used to continue investments in existing portfolio companies.

- Romania-born and London-based financial technology firm FintechOS has raised $60 million in a Series B round. Led by Draper Esprit, whose previous investments include Revolut and N26, the round also saw participation from existing investors LAUNCHub, Earlybird Digital East, Gapminder Ventures, and OTB Ventures.

- French IT firm Atos has acquired Canada-based Processia, UK-based Ipsotek and German firm cryptovision, as it continues with bolt-on acquisitions in a bid to boost revenue from digital, cloud, security and decarbonisation business over the medium term.

- Company payments and expense management firm Payhawk has closed a $20 million Series A round, almost one year to date after a $3.6 million seed round.

- Tel Aviv-based developer of financial planning and analysis tools DataRails has raised $18.5 million in a Series A round. Led by Zeev Ventures Fund, existing investors Vertex Ventures Israel and Innovation Endeavors also participated alongside undisclosed private investors.

- 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

- NGP Capital, the Finland-born global VC firm, released a new depressing report on the abysmal state of gender parity in the European tech startup and investment community.

- The European Commission will this week present its proposal on Artificial Intelligence (AI), seen as a step toward a new regulatory framework, promised by Commission President Ursula von der Leyen in her State of the Union.

- Buy now, pay later giant Klarna is to provide shoppers with carbon footprint calculation tools from Mastercard-backed Doconomy to measure the emissions generated by their purchases.

- Deutsche Telekom has invested in Celo, a blockchain payments platform that allows mobile phone access to “decentralised finance” projects that allow users to bypass traditional financial firms. It did not disclose the size of the investment.

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Today in European Tech: Fresh funds for Icebreaker and Cusp Capital, FintechOS nabs $60 million, Dott raises $85 million, and more
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