Today in European Tech: Cinch raises £1 billion, Irish fintech Fenergo bought for $600 million, Trade Republic nabs $900 million

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

– The owner of Cinch, the digital used car platform, has secured £1 billion of new equity funding as it vies to capture a big slice of the growing international market for online vehicle sales.

Berlin’s neobroker Trade Republic has raised $900 million in a Series C investment round led by Sequoia. New investors TCV and Thrive Capital participated and existing investors Accel, Founders Fund, Creandum, and Project A all followed on.

Fenergo, the Irish fintech startup focused on regulatory compliance, is to be acquired by a pair of private equity firms in a deal worth $600 million.

– An Amazon business-acquiring startup called Factory14 — based in Luxembourg (with offices in Madrid, London, Shanghai and Taipei) — came out of stealth mode in Europe with $200 million in funding and an announcement that it’s acquired Pro Bike Tool, a popular D2C seller of its own-brand bike accessories and tools, for an undisclosed sum. The majority of the financing is coming in the form of debt to acquire companies.

Technology company Checkin.com got off to a flying start in its stock market debut on the Nasdaq First North Growth Market.

Berlin-based collaborative presentation platform Pitch has raised $85 million in a Series B round led by Lakestar and, yep you guessed it, Tiger Global. The round also saw participation from existing investors Index Ventures and Thrive Capital.

Uncapped, a London-based startup changing the way online companies fund their growth and inventory costs, has raised $80 million of debt and equity in a new funding round.

Berlin-based VC Visionaries Club announced the final close of two B2B-focused funds today. Both — one pre-seed and seed stage fund, and another growth-stage fund — have closed at $85 million.

Paris-based car-on-demand service Virtuo has raised €50 million in a Series C round led by AXA Venture Partners.

London’s AI-powered climate intelligence platform Cervest has raised $30 million in a Series A round led by Draper Esprit.

London-based financial crime detection ComplyAdvantage has unofficially raised $20 million from the Growth Equity team in Goldman Sachs.

Stockholm-based last-mile deliveries for e-commerce company Instabox has acquired Dutch firm Red je Pakketje, and now establishes a strong presence in the market.

– 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

– Facebook faces a potential ban on the transfer of Europeans’ data to the United States. That would be a “massive blow” to the social networking giant, according to experts, and has serious implications for other large American tech firms.

– Virgin Media and O2′s £31.4 billion merger has been approved by UK competition regulators.

Swedish audiobook streaming group Storytel has partnered with Spotify to allow its subscribers to listen to its library of audiobooks on Spotify from later this year.

– Jeronimo Folgueira has been appointed as France’s Deezer’s new CEO. He takes over the position from Hans-Holger Albrecht, who has overseen the company’s transformation and growth since 2015.

– Opera has launched the first gamer-focused mobile browser.

UK buy now, pay later startup Zilch is looking to recruit 100 new hires on the back of an $80 million fund raise secured in April.

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