Today in European Tech: Roivant to go public in $7.3 billion deal, Intel to invest $600 million in R&D in Israel, a new Irish unicorn, and more

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

– Roivant Sciences has agreed to go public through a merger with a blank-check firm backed by former KKR dealmaker Jim Momtazee, in a deal that values the Swiss biotech company at $7.3 billion.

Fintech company Fenergo has become the third Irish tech unicorn after being valued at over $1 billion in a new deal, per Irish Times sources.

Digital events and ticketing platform challenger FIXR has closed a Series A funding round topping out at £6.5 million and has announced a significant partnership with REKOM UK, the country’s largest nightclub operator.

– 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

– Intel will invest another $600 million in Israel to expand its research and development (R&D) and confirmed it was spending $10 billion on a new chip plant.

– The young Berlin on-demand delivery startup Gorillas is reportedly looking for $1 billion in funding at a $6 billion valuation to ramp up.

– Trustly has shelved plans to raise €785 million in an IPO after regulators raised issues over the Swedish payment firm’s due diligence procedures.

– More than 30 of Europe’s largest banks and credit card processors are trying to create a payments giant capable of shattering a US-dominated “oligopoly”.

– From AIRR to Motherbrain: What tools VCs are using to run the operations and make decisions.

– Big bank exits and fintech upstarts: Ireland’s banking landscape is undergoing drastic change.

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