This week, our research team tracked 90 tech funding deals worth more than €1.8 billion, and about 15 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) A mature company in a red hot space raised €315 million to scale
Redwood Software, which offers a range of cloud-based business and IT process automation solutions, has secured €315 million in growth funding from a single investor, Turn/River Capital. The Netherlands-headquartered company is no spring chicken; it was founded almost 30 years ago by CEO Tijl Vuyk.
— Tech.eu (@tech_eu) May 11, 2021
2) Lithuania's Vinted nabs €250 million for its second-hand fashion marketplace
Lithuanian consumer-to-consumer second-hand fashion platform Vinted has raised €250 million in a Series F round led by EQT Growth.
— Invest Lithuania (@invest_LT) May 12, 2021
3) An Amazonian court victory
Amazon has won a major court fight against a European Commission order that it pay 250 million euros in back taxes to Luxembourg deemed "illegal state aid."
Amazon won its fight against an EU order to pay about $303 million in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals https://t.co/LYmOFUFTDF
— Reuters (@Reuters) May 12, 2021
4) UK-based cybersecurity firm Wandera sold for $400 million
Cybersecurity company Wandera, founded in London in 2012 by Israeli brothers Roy and Eldar Tuvey, has been acquired by US company Jamf for $400 million.
Today, we announced our intent to acquire @wandera, a leader in zero trust cloud security and mobile access. As an Apple-first provider of unified cloud #security, Wandera expands our security offering for the enterprise.https://t.co/rIBBu3cmxP#AppleSecurity #cybersecurity
— Jamf (@JamfSoftware) May 11, 2021
5) Court allows Irish regulator to proceed with inquiry into Facebook data flows
Ireland's High Court on Friday rejected a Facebook bid to block an inquiry by the Irish data regulator that could halt Facebook's data flows from the European Union to the United States.
Facebook lost 100% before Irish High Court: "I refuse all of the reliefs sought by [Facebook Ireland] and dismiss the claims made by it in the proceedings"
➡️Judgment (Original) and first statement here: https://t.co/81C7pyCBTd
— Max Schrems 🇪🇺 (@maxschrems) May 14, 2021
6) Regulator orders Facebook to cease collecting German WhatsApp users’ data
A German regulator has ordered Facebook to stop processing data on its citizens from messaging service WhatsApp. The Hamburg Commissioner for Data Protection and Freedom of Information, or HmbBfDI, said it has issued an injunction that prevents Facebook from processing personal data from WhatsApp.
The German privacy regulator banned Facebook from gathering data on WhatsApp users - citing EU data protection rules https://t.co/JAIsx1Fi71
— EUobserver (@euobs) May 12, 2021
7) More Moolah for Huma
London-based Huma Therapeutics has closed a Series C funding round at $130 million from investors like Leaps by Bayer, Hitachi Ventures, Samsung Next, Sony Innovation Fund by IGV and Unilever Ventures.
We are honoured to announce new partners, the investment arms of Hitachi, Bayer, Samsung and Unilever, for our $130m Series C funding roundhttps://t.co/EKxrSZWlhG
— Huma (@HumaForHealth) May 12, 2021
8) ParcelLab raises $112 million for its Operations Experience Management platform
Munich-based parcelLab, which offers a final-mile fulfilment service for online retailers, has closed a $112 million Series C funding round led by Insight Partners.
🔥We're incredibly proud to announce that we secured an awesome $112 million Series C investment 🍾
Link in our bio! pic.twitter.com/CJQUpmL1iw
— parcelLab (@parcellab_en) May 11, 2021
9) Pre-listing, Lyst scoops up $85 million in funding
London-based global fashion shopping platform Lyst has raised $85 million in a round that saw participation from a number of existing investors including Draper Esprit.
— WWD (@wwd) May 12, 2021
10) A new (high-profile) Euro SPAC on the block
Hedosophia, the London-based fund manager, plans to raise an initial €400 million through a SPAC in Amsterdam. Dubbed 'Hedosophia European Growth', it then plans to merge with a European tech “unicorn” and then use the newly merged vehicle to target other European tech companies, valued at up to €5 billion each.
— Abhinav Ramnarayan (@abhinavvr) May 11, 2021
Tech.eu Podcast #219: The photovoltaic expansion with Jochen Ziervogel, Enpal
- US tech giant Apple is coming under increasing pressure in Brussels after the European Commission recently charged the firm with abusing its dominant position in the music-streaming market, to the detriment of smaller developers seeking to compete on a level playing field. While the Commission’s gripes in this particular case centre on the app market for music streaming services, the move is likely to open up a wider debate on the conditions imposed on developers for entry onto the App Store.
- Italy's competition regulator has fined Google €102 million for excluding an e-mobility app developed by Enel from its Android system.
- Europe has to figure out how to benefit from innovation.
- Apps that promise grocery deliveries in 10 minutes invade Europe as shopping shifts online.
- Quantum Delta NL launched LightSpeed, a program that can connect Dutch quantum startups with €13.6 billion in investment capital, managed by European and US funds. The startups are guided by Quantum Delta NL's Investor in Residence Ton van 't Noordende (founder PHX, founder and former deep tech investor at 01Ventures).