Here’s what happened today in European Tech.
– Mollie, an Amsterdam-based startup that provides a way for businesses to integrate payments into sites, documents and other services by way of an API, has raised €665 million in an all-equity round that values the company at €5.4 billion.
– SoftBank, Tencent and other leading investors are betting that the next big online education company will come out of Europe. Vienna-based online tutoring startup GoStudent has raised €205 million in a bumper investment round that values the five-year-old firm at €1.4 billion.
– London-based HR tech scale-up Oyster, which provides tools to help with hiring, onboarding, payroll, benefits and salary management services for both contractors and full-time employees working outside of an organization’s home country, has closed a Series B of $50 million at a $475 million valuation.
– ION Group is to install a new IT system for Italian digital challenger bank illimity and take a 9.99% stake in the lender.
– Berlin-based fintech Myos has developed a system to employ AI to evaluate risk assessment based not on the founders, but rather, on a “product potential”. Putting their belief in this system, Fasanara Capital and Xploration Capital have led a €25 million funding round in Myos.
– 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.
– Google was in the EU antitrust spotlight again on Tuesday as regulators opened an investigation into whether its digital advertising business gives the Alphabet unit an unfair advantage over rivals and advertisers.
– Google’s YouTube won its latest copyright-infringement challenge after Europe’s top court said online platforms are not liable for users uploading unauthorised works unless the platforms failed to take quick action to remove or block access to the content.
– Personal data will continue to flow unimpeded from the EU to the UK, the bloc’s member states have agreed in a unanimous decision that will relieve many businesses on both sides of the Channel of spending much time and money on complex legal paperwork.
– The European Union will invest nearly €9 billion in European space programs over the period of 2021 to 2027, the European Space Agency (ESA) said.
– “We had to look for opportunities elsewhere”: Spanish unicorn Cabify founder Juan de Antonio on starting out in his home country and expanding the business to Latin America.
– Banking giant ABN Amro has launched a €425 million fund for sustainable impact companies.
– The European Union wants to launch a new cyber unit to respond to cyberattacks, according to a draft of the plan seen by POLITICO.
– Restricting data flows in Europe might lead to economic damage worth €2 trillion by 2030, roughly the size of Italy’s economy, and result in two million fewer new jobs, a new industry study has warned.
– By the end of 2024, passengers on the London Underground will have mobile reception across the entire network of stations and tunnels, London’s mayor Sadiq Khan has announced.
– CompTIA’s European Tech Hiring Trends provides an in-depth look at hiring trends across 10 markets: Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Portugal, Romania and Spain.
Today’s Top Tweets
Truly a legacy place with a lot of heart and soul! Will miss you Campus London https://t.co/w4b0hQLGDn
— Reshma Sohoni (@rsohoni) June 22, 2021
Space data for innovations
Navigation for autonomous driving
& much more
— Digital EU (@DigitalEU) June 22, 2021
Felix is hiring a COO! We are looking for a talented professional who loves people, projects, and connecting constituents to organisational missions. Learn more and apply here https://t.co/QHfOz6oolr
— Felix Capital (@FelixCapital) June 22, 2021
Venture investing is all about people. So, we're thrilled to announce new Frontline team growth!
Finn Murphy is promoted to Partner, and we're joined by Namratha Kothapalli as Principal, Lauren Kang as Senior Associate, and David Clarke as Venture Partner.https://t.co/mbMnHBdL4V
— Frontline Ventures (@Frontlinevc) June 22, 2021
— Matt Clifford (@matthewclifford) June 22, 2021
15 Years of Founders Forum is driven by a shared belief in the power of community to empower entrepreneurs to create great things, support each other & cultivate the next generation.
— Founders Forum (@Founders_Forum) June 22, 2021
Facebook Ireland gave the FBI access to the account of my friend @fpietrosanti and now he's asking the Italian privacy authority to fine them. Let's see if the GDPR is stronger than the CLOUD Act. pic.twitter.com/J345y3Z2vQ
— Vittorio Bertola (@vittoriobertola) June 22, 2021
Some thoughts on the Holded acquisitionhttps://t.co/7ZZWBUvcM7
— Jaime Novoa (@jaimenovoa) June 22, 2021
If I didn't know any better, I'd say @Klarna is going after the entire value chain.
— Dan Taylor (@sensorpunk) June 22, 2021
@Relevation13 is here – 2 days of match-making & speed dating between #investors & #PropTech #startups!
Our @robinwauters will be moderating the 'Tech Giants Appetite for PropTech' panel on 23 Jun 2021, 15:30 CEST.
Join us, register now https://t.co/OONILAUp5k#REL21 pic.twitter.com/UfJwwwbeJO
— Tech.eu (@tech_eu) June 22, 2021
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