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

robin@tech.eu

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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