Here’s what happened today in European Tech.
– Stockholm-based sustainable lithium-ion battery maker Northvolt has raised $2.75 billion.
– Hot on the heels of their $1.1 billion share issue raise, Stockholm’s Sinch has announced its intention to acquire the Melbourne-based firm MessageMedia for $1.1 billion in cash and 1,128,487 new shares in Sinch.
– Virtual conference technology company Hopin, which was valued at $5.65 billion in a $400 million financing round in March, has just added LinkedIn to its roster of investors.
– Private equity firm Carlyle has picked up London-based 1E.com, an endpoint and hybrid working specialist, in a deal that values the company at $270 million.
– Wallbox, a Spanish provider of electric vehicle (EV) charging solutions and a SPAC called Kensington Capital Acquisition Corp announced a definitive agreement for a business combination that would result in Wallbox becoming a publicly listed company.
– Munich’s investment platform Scalable Capital has raised more than $180 million in a Series E funding round led by Chinese giant Tencent.
– SoftBank has launched the SoftBank Vision Fund Emerge accelerator in Europe with the goal of connecting underrepresented entrepreneurs with capital, tools, and networks to help them scale. The programme is open to European startups that have at least one founder who identifies as non-white, female, LGBTQ+, disabled and/or is a refugee.
– 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.
– The EU and the United States will announce a wide-ranging partnership around technology and trade next week in an attempt to push back against China and promote democratic values.
– The European Commission published the preliminary results of its competition sector inquiry into markets for consumer Internet of Things (IoT) related products and services.
– The market dominance of Amazon’s Alexa, Apple’s Siri and Alphabet’s Google Assistant has triggered concerns of potential anti-competitive practices, EU antitrust regulators said on Wednesday.
– Israeli startups have raised $10.5 billion so far this year, surpassing the record set in 2020, as investors continue to pour cash into technology firms emerging as winners from the pandemic.
– Amazon and Gopuff, a US delivery app backed by SoftBank, reportedly explored competing takeover bids for the German delivery startup Flink.
– Micromobility firm Dott co-founder talks tenders, expansion, and hardware hiccups.
– Ferrari has turned to technology industry veteran Benedetto Vigna to drive the luxury sports car maker known for its roaring, high-octane engines into a new era of silent, electric powertrains.
– An analysis of 12 recovery plans submitted by European Union member states seen by EURACTIV ahead of publication indicates that the investment proposed will see the bloc falling radically short of the digital targets it has set itself for the end of the decade.
– The European Commission will take legal action against Belgium following complaints that its data protection regulator does not meet the EU’s independence requirements.
Today’s Top Tweets
NEW: I asked Northvolt CEO Peter Carlsson (a former Tesla exec) about his company’s huge electric battery factory in Sweden’s far north and how he plans to spend the billions they’ve just raised. Full story here: https://t.co/sgvV0d8taf
— Sam Shead (@Sam_L_Shead) June 9, 2021
— Jacob Parry (@jcbcp) June 9, 2021
.@lyst wants to do for fashion what Spotify and Netflix have done for music and movies: create a highly personalised, frequently visited, ubiquitous app to both search for what you know you want and to discover items you didn’t know you needed. https://t.co/CAC8Tc90j6
— Vogue Business (@voguebusiness) June 8, 2021
Last year, @supercell celebrated its 10th birthday & the culture & values that were the building blocks for the company early on remain at its ❤️ today. @slpierre chats with @ipaananen on building teams, when to pivot & more #SecretstoScaling https://t.co/6v76mpW5VB
— Accel (@Accel) June 9, 2021
On 20 – 21 January 2022, Bits & Pretzels returns with a physical edition of Europe’s leading founders festival.
Join us in Munich when 5,000 startup enthusiasts reunite!
— Bits & Pretzels (@bitsandpretzels) June 9, 2021
It's a huge day in the company's history, and we will now be able to move faster and fight with more resources in our mission to fix the betting industry. https://t.co/IfGsPnfG5Y
— Jason Trost (@jasontrost) June 9, 2021
— Anita Moorthy (@anitamoorthy) June 9, 2021
@DubTechSummit Virtual, Europe’s fastest growing tech conference, will bring together 160+ speakers from 70+ countries, including @MicheleRomanow, @NStoronsky, Douglas Terrier, and @iantien, and 5000 Tech leaders.
— Tech.eu (@tech_eu) June 9, 2021
Announcing #SesamersonTour Stop #10: Spain on June 15th
Streaming live in collaboration with @Startup_VLC we will explore the Spanish Tech ecosystem from all perspectives!
— Sesamers (@sesamers) June 9, 2021
What's on at SuperTechnology Europe Virtual 2021? Join 300+ senior private capital investors at the event dedicated to connecting LPs and GPs in European tech.
Head to our website for more: https://t.co/loimHIJVl5
— SuperReturn (@SuperReturn) June 9, 2021
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