Today in European Tech: LeasePlan spins off CarNext with €400 million in fresh funding, Danish fintech Lunar nabs €210 million, and more

robin@tech.eu

Hello!

Here’s what happened today in European Tech.

Deals

Amsterdam-based CarNext, an online B2C and B2B used car marketplace, has announced that it has been carved out from LeasePlan with €400 million in fresh funding.

Danish digital challenger bank Lunar has raised €210 million in a Series D funding round led by family-owned investment company Heartland, alongside European growth investor Kinnevik and Chinese tech giant Tencent.

UK business banking platform Tide has raised over $100 million in Series C funding at a valuation of $650 million. The round was led by Apax Digital, the growth equity team of Apax Partners.

Netherlands-based venture capital firm FORWARD.one has announced the launch of its second fund – three years after the start of its first fund. The firm says its second fund target size is €100 million, and that a large part of it has now been pledged by high net worth entrepreneurs, most of whom were already involved in the first fund.

– E-PANGO, a tech company specialising in the supply of electricity and gas to companies and communities, started listing on Euronext Growth Paris.

– Weavr, a London-based tech startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, announced the closing of £7 million in seed funding.

– RVU, owner of Uswitch, Confused.com and Money.co.uk, is taking on the UK mortgages sector by agreeing to acquire Mojo, a free online mortgage broker based in Manchester.

– Belgium’s Colruyt Group has increased its stake in online pharmacy Newpharma from 26% to 61% by acquiring the shares of its remaining minority shareholders.

– 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 will seek to overturn a record €4.34 billion EU antitrust fine at a five-day hearing in September at Europe’s second-highest court, people familiar with the matter told Reuters.

– Facebook’s WhatsApp on Monday faced a barrage of complaints by the European Consumer Organisation and others over a privacy policy update, which has prompted a global outcry and led some users to switch to rival apps Telegram and Signal.

– The European Commission is likely to delay putting forward its plans for a digital levy until the autumn to try to improve the chances of a global corporate tax reform deal.

Berlin fintech scale-up Solarisbank is rumoured to be raising €160 million at a valuation of almost €1.4 billion.

– Here’s how semiconductor giant Intel wants to help the EU double its semiconductor production by 2030.

– SoftBank has joined the battle to attract Israeli unicorns.

– A profile of UK-based Internet Watch Foundation, which is fighting online images and videos of child sexual abuse.

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