Here’s what happened today in European Tech.
– Pegasus Acquisition Company Europe, a SPAC focused on the European financial services industry set up by LVMH founder Bernard Arnault and others, listed today on Euronext Amsterdam. At opening, the share price was set at €10/share; the SPAC raised approximately €500 million in the IPO.
– Signaling investors’ confidence in the recovery of business travel, Barcelona-based TravelPerk has raised $160 million in equity and debt funding in a Series D round. Led by Greyhound Capital, the round also saw participation from existing investors.
– German fintech scale-up Vivid Money has raised a new $73 million Series B funding round led by Greenoaks with existing investor Ribbit Capital also participating, giving it a valuation of $436 million.
– Taster, the London-based company behind a series of digital restaurant brands, has raised $37 million in a Series B round led by Octopus Ventures. The financing also saw participation from Rakuten as well as existing investors Battery Ventures, LocalGlobe, and Heartcore Capital.
– Dublin’s drone delivery service Manna has raised $25 million in a Series A round and is pushing ahead with trials of its service in Galway, Ireland. The round was led by Draper Esprit.
– Digital asset custody and financial services platform Finoa has closed a $22 million Series A round led by London’s Balderton Capital.
– Swiss mobile payment solution provider Bluecode has received a €20 million investment with the Hopp Family Office leading the round. And that’s Hopp as in Dietmar Hopp, one of the five founders of SAP.
– Equity funding and trading platform Funderbeam has raised $4 million and partnered with B2B accelerator Startup Wise Guys.
– 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.
– High-risk Artificial Intelligence applications in use across the EU are set to come under the scope of new rules as part of the European Commission’s bid to bolster trust in next-generation technologies, while also safeguarding opportunities for innovation.
– The European Union is considering creating a semiconductor alliance including STMicroelectronics, NXP, Infineon and ASML to cut dependence on foreign chipmakers amid a global supply chain crunch, four EU officials said.
– Beyond VC: The fundraising alternatives for Europe’s startups.
– The European Investment Bank has issued a €100 million two-year bond using public blockchain technology.
– Sber, the Russian state-controlled financial and tech giant, could issue its own digital financial asset, ‘Sbercoin,’ as early as this year.
Today’s Top Tweets
What university could become a counterpart to Stanford University in European tech & entrepreneurship?
Insightful and thought-provoking article about the entrepreneurial ecosystem at and around Stanford University, by Gaby Goldberg, Investor at Bessemer Ventures
— Anamaria Iuga (@anamaria_iuga) April 29, 2021
— Tech.eu (@tech_eu) April 29, 2021
65% of Europeans support building a European Health Union and 61% are willing to pay more taxes to raise the salaries of essential workers
Today we launch European Tech Insights (Part I), a survey on the impact of the pandemic on public attitudes: https://t.co/vIK9qx7Utv
— IE Center for the Governance of Change (@ieGovernance) April 29, 2021
#Estonia’s @skel_tech has recently signed a 35 million-euro ($43M) deal with a world leader in #RenewableEnergy production to replace #energy producer’s lead-acid batteries whit Skeleton’s SkelMod modules and cover the customer’s needs until 2025. https://t.co/2x2F9FNNHZ
— Invest in Estonia (@EstoniaInvest) April 29, 2021
— Peter Vesterbacka (@pvesterbacka) April 29, 2021
I am delighted and super excited to announce that @dispelix joined our @flashpoint_vc Family! The Company is a global leader in Waveguide Displays for Augmented Reality Eyewear. @tech_eu @sensorpunk #augmentedreality #startupfunding #VentureDebt #Finland https://t.co/Nro1rBJKoe
— Donatella Callegaris (@CallegarisD) April 29, 2021
"The Israeli tech ecosystem has become a well-oiled machine" says @jonmedved, founder and CEO of Jerusalem-based investment platform @OurCrowd #vc #investment #startups https://t.co/NO9BIpxyOt pic.twitter.com/FPHUk1wrDP
— CTech (@Calcalistech) April 29, 2021
"We are thrilled to be leading the Series A in drone delivery company, @MannaAero. It’s a privilege to back @realBobbyHealy and the Manna team as they create the future of food delivery.” – @NikkiMcClaffhttps://t.co/PEs1tsCAcG pic.twitter.com/LUw6cTJJwu
— Draper Esprit (@DraperEsprit) April 29, 2021
We are so excited to announce @Citymapper is coming to Crowdcube! One of the best-loved mobile apps, helping users plan billions of journeys in major cities around the world. Get early access by registering your interest now >> *Capital at risk* https://t.co/Do3mn2Pact
— Crowdcube (@Crowdcube) April 29, 2021
It's official! European Parliament leaders today settled a competence fight between committees over the Digital Services Act and Digital Markets Acts, two officials told POLITICO. (with @LauKaya)https://t.co/zCm8YgXbbq
— Clothilde Goujard (@clothildegouj) April 29, 2021
VC investment in UK seed-stage companies dropped by 40% in Q1 2021 according to KPMG report.https://t.co/z0SZKgCSzi
— Eze Vidra (@ediggs) April 28, 2021
Eleven years of making games. Our story. ⚽ Want to learn more?
Join us for Instagram live stream on May 13th, when we will talk about Nordeus’s journey with the leadership team!
— Nordeus (@Nordeus) April 29, 2021
Got my hands on a recent presentation on the Digital Services Act #DSA from the Commission to the Council WP on Intellectual Property – interesting to consider the complementarity between DSA & #copyright / IPR. A couple of slides below: pic.twitter.com/1ZThh4gifH
— Samuel Stolton (@SamuelStolton) April 29, 2021
— Pia d'Iribarne ✨ (@piadiri) April 29, 2021
See all the materials you need to find out more about our first-quarter 2021 results here: https://t.co/1Yw87H2qqI Our analyst conference call will begin at 3 p.m. Finnish time. $NOK #5G pic.twitter.com/TPHyVcsc55
— Nokia (@nokia) April 29, 2021
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