Today in European Tech: Draper Esprit to raise £111 million, Immersive Labs nabs $75 million, IPO plans for OVH and Mister Spex

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

Germany-based online optician Mister Spex has confirmed its plans to go public on the stock exchange. The eyewear retailer targets a Q3 IPO to raise roughly €225 million.

European online fashion platform ABOUT YOU has set the final offer for its private placement at €23.00 per share. Based on this price, the total offer size (including over-allotments) amounts to approximately €842 million, and brings its total market cap to €3.92 billion.

– Against the backdrop of an ongoing chip crisis and what could be a global shortage lasting years, a new Israeli unicorn aiming to increase semiconductor processing power is coming out of the shadows. NextSilicon, which has developed an innovative solution to boost supercomputers, has already raised more than $200 million, but has done so under the radar, despite recently being valued at $1.5 billion.

– London’s publicly-listed VC firm Draper Esprit has announced its intention to raise £111 million via the PrimaryBid platform.

London-headquartered payments processor DNA Payments has banked a £100 million investment from Alchemy Partners.

– Bristol’s Immersive Labs, which measures and helps companies improve cybersecurity skills across technical and non-technical teams, has raised $75 million in a Series C round led by new investors Insight Partners.

French cloud giant OVH is prepping to go public before the end of the year.

London-based pre-loved car sales platform Motorway has raised £48 million in a Series B round led by Index Ventures. New investors BMW i Ventures and Unbound have also let out the clutch and now join existing investors Latitude and Marchmont Ventures.

Stockholm-based electric scooter maker Vässla has raised $11 million in a new funding round led by the family-owned investment group headed by Anders Pettersson, Skabholmen Invest.

– SoftBank has reportedly backed Germany’s Forto and France’s Sorare as it continues to invest heavily in European tech.

– Meron Capital announced the closing of Meron II, its second $50 million fund to invest in early-stage deep-technology software startups led by Israeli entrepreneurs.

– 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

– Starting today, the European Institute of Innovation and Technology (EIT) and its eight innovator networks are operating under a revamped, more inclusive structure and with a renewed brief to improve the innovation potential of Europe’s regions.

– “Europe’s unicorn herd grows bigger and faster in 2021” (PitchBook)

Draper Esprit, the Dublin and London-listed venture capital firm, now has more than €1 billion in assets under management according to its annual report.

– The growing wave of Israeli tech company IPOs on Wall Street has generated billions of dollars ‘on paper’ for a range of entrepreneurs at these companies, as well as for individual investors who believed in those companies in their early stages.

Scaling up internationally from France: le good, la bad and l’ugly

– British telecoms group Vodafone has chosen Samsung Electronics to supply its 5G network equipment in Britain.

Germany-born VC firm Point Nine Capital now has 9 unicorns in its portfolio.

– European privacy group noyb, which recently kicked off a major campaign targeting rampant abuse of the region’s cookie consent rules, has followed up by publishing a technical proposal for an automated browser-level signal it believes could go even further to tackle the friction generated by endless ‘your data choices’ pop-ups.

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