Today in European Tech: LetsGetChecked raises $150 million, Eloomi scores $55 million, Google fined €220 million in France

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

LetsGetChecked, the Irish home health testing kit startup, is now valued at more than $1 billion after its latest funding round. The company has raised $150 million in a Series D round led by Casdin Capital with pro golfer Rory McIlroy investing again.

Copenhagen-based HR/edtech software company Eloomi has scored $55 million in funding from Boston-based private equity firm Great Hill Partners to push for further growth in the US market.

– Alantra has reached a first close with more than €80 million of commitments in their Klima Energy Transition Fund.

Munich-based digital healthcare startup Avi Medical has raised €28.5 million in a Series A round led by Heal Capital and Addition.

London-based direct-to-consumer home decor startup Lick has raised $22 million in a Series A round led by OMERS Ventures.

– A startup backed by Visa is jostling to become a major player in business-to-business travel payment technology, following its acquisition of UK-based Ixaris, a transaction which is planned for the third quarter. The amount has not been disclosed.

– 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

– Google said it would make changes to its global advertising business to ensure it did not abuse its dominance, bowing to antitrust pressure for the first time in a landmark settlement with French authorities. The deal with the French competition watchdog saw Google fined €220 million and marks the first time the US tech giant has agreed to make changes to its huge advertising business, which brings in the bulk of its revenue.

– Robert Bosch opened a €1 billion chip plant in Germany today, a record investment by the automotive supplier as it stakes a claim to equipping the latest electric and self-driving cars.

– China Is the Elephant in the Room as Europe Targets American Tech.

Uber’s ride-hailing business has returned to pre-pandemic levels in the UK in mid-May, as the easing of lockdown restrictions spurred users to get back on the road faster than the company expected. 

– Ahead of its results next week, listed fintech investor Augmentum Fintech has disclosed that it is considering another public market fundraise in the coming months.

– The Bank of England says stablecoins used as money would be expected to face the same regulatory standards as those attached to bank deposits.

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