Here's what happened today in European Tech.
- Stockholm-based digital healthcare provider Kry, a.k.a. Livi in the UK and France has raised €262 million in a Series D round.
- Israel's Placer.ai, a company specialised in location analytics and foot traffic data, announced the close of a $50 million Series B funding round.
- Qover, the insurtech startup hailing from Brussels, has raised $25 million in a Series B round that is expected to fuel global expansion efforts.
- Rennes, France-based Unseenlabs has raised €20 million in a Series B round. The funding is expected to accelerate the company’s commercial growth as well as further deploy their existing satellite constellation.
- Israel-based ZenGo, which offers a mobile app to manage your cryptocurrencies, has raised a $20 million Series A funding round led by Insight Partners.
- 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.
- Apple faces a EU antitrust complaint as soon as this week, escalating a probe into Spotify’s allegations that App Store rules are unfair.
- TikTok plans to allow European researchers and policymakers to see how its teams moderate content, how its recommendation technology works and how it handles data as it seeks to address concerns over the privacy and safety of its young users.
- Europe wants to reclaim its former glory as a chip-manufacturing powerhouse. As soon as next week, the European Union is set to release some details on its new semiconductor plans.
- Spotify launched its podcast subscription service in the US, giving creators more range in how they choose to make money. The move comes just one week after streaming rival Apple announced its own subscription podcast offering.
- "European tech regulation will hold back free competition and hand power to digital giants"
- UK-based digital wealth manager Nutmeg saw a 72% year-on-year growth in assets under management in the first three months of 2021, reaching a record £3 billion.
- Warsaw has a new venture capital fund on the market in Freya Capital. The fund aims to support early-stage companies and is the latest edition to the Polish Development Fund Starter programme.
- Payments service provider SumUp announced the appointment of its new CTO, Johannes Schaback.
- GoCardless, the bank-to-bank payments fintech, has launched an open banking feature integrated directly into its global payment platform and functional across all payment models.
Today's Top Tweets
We've seen a stampede of unicorns in Europe - 16 new unicorns in Q1 2021 compared to 15 for all of 2020 - and this is breeding a new generation of European founders. We're here to back them. 🌓🔥
— Mattias Ljungman (@Ljungman) April 27, 2021
It’s been quite quiet for a while on the SPAC front in europe...@468Capital is breaking the silence.
468 SPAC I started bookbuilduing for a placement up to €300M. Placement is ending on or before 28th of April. Should list in the next couple of days!
— €SPAC 🇪🇺 (@eurospac) April 27, 2021
Lol. UK parliamentary committee chaired by Brexiteer warns that Europe’s digital proposals could have impact on UK. If only, say, the UK had the power to, you know, make legislative changes to the EU proposals... HT: @NewsAnnabelle pic.twitter.com/JnlDy1QDJL
— Mark Scott (@markscott82) April 27, 2021
One week after the IPO, a pleasure to talk this morning with early @UiPath investors and employees about that remarkable ‘zero to hero’ story.
Hope many more to come out of CEE!
— Robin Wauters @ Tech.eu (@robinwauters) April 27, 2021
Delighted to announce our latest investment into @PactumAi. Pactum's automated Negotiation as a Service (NaaS) platform enables procurement teams to unlock cash flow & untapped value using AI. Excited to join Martin, Kristjan & Kaspar on their journey 🚀https://t.co/T0w9lpk0Sr
— Atomico (@atomico) April 27, 2021
Nutmeg is hoping to IPO in London in 2-3 years, is on the brink of breaking even, and has been approached by a SPAC, CEO Neil Alexander tells me https://t.co/luChPfK2GK
— James Cook (@JamesLiamCook) April 27, 2021
@Qover recently raised $25M with this pitch deck.
Here's why these slides work, a thread with ✅ and ⚠️
— Viki Pavlič (@vikipavlic) April 27, 2021
— Tech.eu (@tech_eu) April 27, 2021
Too many apt lines to choose from on what Wirecard says abt Merkel-twilight Germany: "The collective self-flagellation was...as remarkable as the earlier blindness, both of which tell a story about the enduring power of denial in Germany." @adriandaub https://t.co/geyt7zS60I
— Deborah Cole (@doberah) April 26, 2021
🎧 New Episode LIVE!
🎳 Antler’s cohort-led approach to talent investing
🛠 Ollie’s time building a challenger bank
🪨 Looking for founders with GRIThttps://t.co/uqKNOKd9G9
— Associated (@associated_pod) April 27, 2021
— Martin Mignot (@martinmignot) April 27, 2021
The universities of Leeds, Manchester, & Sheffield are launching Northern Gritstone, a £500M fund to invest in university spinouts in the North of England. But why not just call it Gritstone? Do people really need the extra reminder this is for the North? https://t.co/xkfjDqCYiZ
— Michael Jackson (@WorkMJ) April 25, 2021
@InoBat Auto has a framework agreement to provide batteries to Czech bus maker SOR. To hear more about InoBat's long-term plans, check out the @AutoNewsEurope Podcast with the company's head of business development Jonathan Carrier.https://t.co/7NzleknpKk
— Douglas Bolduc (@BolducAne2014) April 27, 2021
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