Today in European Tech: Etsy buys Depop for $1.6 billion, Celonis raises $1 billion at decacorn valuation, FlixBus nabs $650 million

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of Tech.eu, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer.
robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

Munich-based ‘execution management’ software maker Celonis has announced a monster $1 billion Series D round, giving it a post-money valuation north of $11 billion. The round, which was led by new backers Durable Capital Partners and T. Rowe Price Associates, follows a $290 million Series C round announced in November 2019.

– Seeking to reach a younger audience, e-commerce platform Etsy is planning on acquiring London-based Gen Z fashion marketplace Depop for a cool $1.62 billion. Depop will retain its existing offices and no staffing changes are planned.

Munich-based mobility scale-up FlixMobility, the group behind FlixBus and FlixTrain, has raised over $650 million in a mix of equity and debt financing, giving the company a valuation of $3 billion.

– Take-Two Interactive has announced that it has acquired privately-held Serbian mobile games developer Nordeus for up to $378 million. The upfront price of $225 million is comprised of cash and $90 million in newly issued shares of Take-Two common stock.

Berlin-based micro-mobility firm TIER has secured a $60 million loan from Goldman Sachs. The asset-backed financing is a first of its kind for Goldman Sachs, and signals a new era for the micro-mobility sector.

Israeli shared neighborhood company Venn today announced that it has completed a $60 million Series B financing round led by Group 11, with participation from Pitango, Hamilton Lane and Bridges Israel.

– German startup Cognigy which is a global leader in omnichannel Customer and Employee Service Automation with its Conversational AI platform Cognigy.AI has pocketed $44 million in Series B funding.

Paris-based automated digital marketing solutions provider Artur’in has secured €42 million via PSG.

Helsinki-based e-commerce platform Nosto has acquired content marketing startup Stackla. This marks Nosto’s first acquisition and provides a strong entrance into the Australian and Southeast Asian markets.

London-based white-label platform for retail finance Divido has raised $30 million in a Series B round led by HSBC and ING.

Comunix, an Israeli social gaming startup and the company behind the game Pokerface, announced on Wednesday that it has secured $30 million in series A funding, bringing the total raised by the company to $33 million to date.

– 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

– The European Commission has announced a partnership with Bill Gates’ sustainable energy funding vehicle with the goal of unlocking new investments for clean tech and sustainable energy projects totalling up to $1 billion over five years (2022-2026).

– Sometimes, expanding to the US is the smart thing to do: Kaia Health’s transatlantic tale.

– An innovation manifesto outlining eight areas on which the EU should focus in the creation of the proposed single European innovation area, puts tech sovereignty at the top of the list of priorities.

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