Here’s what happened today in European Tech.
– Dream Games, a fledgling mobile games outfit based in Istanbul, has scored a $155 million Series B round led by Index Ventures and Makers Fund that gives the company a post-money valuation of $1 billion.
– Real-time data synchonisation platform Ably has raised $70 million in a Series B round led by Insight Partners and Dawn Capital, with existing investors Triple Point, Digital Horizon, Forward Partners, and MMC, also participating.
– IDnow, a German-based identity verification startup is acquiring ARIADNEXT, a French equivalent, specializing in remote identity verification and digital identity creation. A price was not released by either party but TechCrunch understands from sources that the deal was approximately $59 million / €50 million.
– Nordic mobile wallets MobilePay, Pivo and Vipps are joining forces to create a single payments app with a combined user base of 11 million consumers across Finland, Denmark and Norway.
– Israeli enterprise API security company Noname Security today announced the completion of a $60 million Series B financing round led by Insight Partners.
– Rome-based translation service Translated has taken on $30 million in funding. $25 million of the funding arrives from one of Europe’s largest private equity funds, Ardian. Translated pioneered the use of AI to assist professional translators, and today leverages a combination of its proprietary adaptive neural machine translation software and a network of over 200,000 linguists to service clients including the European Commission, Airbnb, Google, and Uber.
– Mixed reality (MR) startup Multinarity has emerged out of stealth with the biggest seed round in the history of Israeli tech, raising $28 million. The company’s seed round was raised over two parts and was led by Israeli VC Aleph and U.S. fund Corner Ventures.
– London-based insurtech hyperexponential – which has a mathematical modelling software for the commercial insurance sector – has closed an $18 million funding round led by growth capital fund Highland Europe.
– London cell-free biomanufacturing startup FabricNano has secured $12.5 million in a Series A funding round led by Atomico, with participation from existing investors Backed, Hoxton Ventures, and Entrepreneur First, as well as a long list of angel investors.
– 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.
– Britain’s proposed new Internet law entails a government power grab with worrying implications for freedom of speech, according to civil liberties groups, academics and the tech industry.
– Tech.eu Podcast: How to treat rare diseases with existing drugs — with Meri Williams, CTO of Healx
– London-born VC firm Nauta Capital that invests in lean B2B software companies has launched a new initiative to invest £100,000 to £250,000 in a dozen of pre-seed deeptech startups. Dubbed Nauta Labs, the programme is now open for applications for B2B startups from across Europe.
– British business avoided a £1.6 billion cliff edge when London clinched a data agreement with the EU this week. But it was Brussels that bent over backwards to get the deal done.
– Revolut co-founder and chief executive Nikolay Storonsky said the digital bank has yet to see any benefits from the UK’s decision to leave the European Union, speaking five years on from the referendum.
– Lollipop AI, a new British online grocery marketplace, launched its public beta today, and it’s been created by a serial UK entrepreneur who was there at the start of successful UK startups Osper, Monzo and Curve.
– The UK’s more expansive, post-Brexit role in digital regulation continues to be felt today via a policy change by Google which has announced that it will, in the near future, only run ads for financial products and services when the advertiser in question has been verified by the financial watchdog, the FCA.
– The top 10 most active games investors in Europe.
Today’s Top Tweets
Congratulations to @dreamgamescom on its $155M Series B & $1bn valuation! @robmoff – "As soon as we met the co-founders in 2019, we knew they were a really special team. They are proving this with their incredibly polished first game, Royal Match." https://t.co/bWh8NRqAtl pic.twitter.com/6SpxFqVReI
— Balderton Capital (@balderton) June 30, 2021
It's absolutely true that later stage VC is now globalised but I'm not sure I agree with the conclusion because seed stage, in general, remains local and we still haven't fixed the seed stage capital markets in Ireland and much of Europe. https://t.co/idFyK942Kg
— Brian Caulfield (@BrianCVC) June 30, 2021
European Expansion can power later-stage growth and lift IPO valuation by 55%.
Frontline X took a look back at the last decade of software IPOs to review the impact of Europe on US companies' growth trajectory.
More details https://t.co/hrZqS1SY10
— Frontline Ventures (@Frontlinevc) June 29, 2021
After a rough 2020, IoT startup and French unicorn @sigfox named Jeremy Prince its new CEO. Prince is British but grew up in Toulouse, not far from Sigfox's HQ. He believes the stars are aligned for IoT and Sigfox to finally deliver on the hype.https://t.co/6JUcn3f0Xv
— Chris O'Brien (@obrien) June 30, 2021
— toomas hendrik ilves (@IlvesToomas) June 30, 2021
The European Commission today announced rules that would require online marketplaces to ensure dangerous products on their sites are removed within two working days. Read @LeonieACater's story ⤵️https://t.co/rk7dIVvJLL
— Clothilde Goujard (@clothildegouj) June 30, 2021
It’s so cool to see Israeli startups IPO / SPAC one after the other in New York. It’s not only a huge liquidity event for founders and backers alike, but also a sign of ecosystem maturity after years where the consensus was that Israeli startups sell too early. pic.twitter.com/n2ZCrb3tEn
— Eze Vidra (@ediggs) June 30, 2021
@NikkiMcClaff, partner, @DraperEsprit has been elected chairperson of the Irish Venture Capital Association. The IVCA would like to congratulate, welcome and wish Nicola all the best in her role as chairperson. pic.twitter.com/SLrDAIU2d2
— IVCA_ie (@IVCA_ie) June 30, 2021
*New Episode*: Mads Fosselius, CEO of Danish SaaS startup Dixa on Reimagining the Customer Service Value Proposition
Listen at https://t.co/L6sopoVrq3 #startups #entrepreneurship #podcast #podernfamily
— Anita Moorthy (@anitamoorthy) June 30, 2021
— Tech.eu (@tech_eu) June 30, 2021
It's a new era at @diversityvc — Ladi Greenstreet is taking over as CEO and Daisy Onubogu as COO.
And they have big plans to make the diversity organisation sustainable for years to come.
— Amy Lewin (@amyrlewin) June 30, 2021
The flying car is finally here!
— BusinessCloud.co.uk (@BCloudUK) June 30, 2021
Tell us what you think about this daily roundup and how we can improve it!
And follow us on Twitter of course.