This Week in European Tech: fresh new funds for Index, Eurazeo and Dawn, Teads plans Nasdaq IPO, Visa buys Currencycloud, and more

robin@tech.eu

Happy Friday!

This week, our research team tracked more than 86 tech funding deals worth more than €1.4 billion, and about 18 exits, M&A transactions, and rumours across Europe, including Russia, Israel, and Turkey.

As always, we are putting all of them together for you in a handy list sent in our round-up newsletter (note: the full list is for paying customers only).

Recently, we also started publishing ‘Today in European Tech’, a daily round-up of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!

Today, instead of a daily round-up we give you an overview of the biggest European tech news items for the past week (subscribe to our free newsletter to get this round-up in your inbox every Monday morning).

This week:

Cross-border payments infrastructure provider Currencycloud is being acquired by Visa in a deal that values the company at £700 million. The acquisition arrives just one month after Visa snapped up Swedish fintech Tink in a €1.8 billion deal.

Canadian auto parts maker Magna has agreed to buy Swedish rival Veoneer for about $3.8 billion in cash to boost its efforts to build driver assistance tech geared toward autonomous vehicles.

Eurazeo has announced that it has exceeded initial targets for its growth strategy dedicated to equity investments in European tech, bringing home over €1.6 billion.

Add another gaming acquisition to Tencent’s seemingly endless shopping spree, as the Chinese tech giant has announced its intentions to acquire Sheffield, England-based Sumo Group for £919 million.

Advertising technology company Teads, owned by French telecom company Altice, said on Wednesday it aims to raise up to $808.5 million through an initial public offering on the Nasdaq at a valuation of about $5 billion.

Index Ventures has raised a mammoth $3.1 billion across three funds in a major boost to Europe’s fundraising environment. The London-based firm will commit $2 billion to growth-stage startups and $900 million to early-stage investments, in addition to a previously announced $200 million seed vehicle.

Salzburg-based EV charging platform has.to.be has been acquired by North American firm ChargePoint for a total purchase price of approximately €250 million.

London’s pay-and-spend automation fintech scale-up Soldo has closed a $180 million Series C round led by Temasek.

VC firm Draper Esprit has moved its listings on London’s AIM and Dublin’s Euronext Growth Market and begun trading on their respective main marketing counterparts. In doing so, the firm became the largest tech-only focused VC on London’s Main Market, with a market value of approximately £1.4 billion.

Paris-based all-in-one expense claim management service Spendesk has raised €100 million in a Series C round, its largest to date.

Stavanger, Norway-based server farm operator Green Mountain has been acquired by Azrieli Group for approximately €722 million.

London’s B2B software specialist Dawn Capital has announced the close of its second later-stage growth fund at $120 million.

Sketchfab, the France-born platform to publish and find 3D content on the Web, has been acquired by Epic Games.

Berlin’s food supply chain platform Choco has closed a $100 million funding round led by Left Lane Capital, with Insight Partners participating.

Early-stage VC firm Speedinvest has announced the final close of its second specialist marketplaces and consumer fund at €60 million.

In a market that’s seemingly hotter than pan-fried catfish, London-based open banking infrastructure startup Yapily has reeled in $51 million in a first close of a Series B funding round.

Podcast:

Going after the world from Europe, with Jean-Pierre Saad, KKR

A chat with Iggy Bassi, founder and CEO at Cervest. The company recently raised $30 million to provide what it calls climate intelligence — that is, information about potential climate-related risks for all sorts of assets based on an enormous amount of historical data points.

Bonus link(s):

– Navigating a pandemic while conquering new markets: Europe’s edtech innovators share insights

There are now over 500 million e-commerce users in Europe in 2021

– The EU plans to make Bitcoin transfers more traceable

BNPL could be affecting your chances of getting a mortgage

Brussels appeals against €250 million Amazon tax defeat

Isreal’s different cyber industry, one that prefers to remain in the shadows

Umm, say what now? Revolut launches a travel booking feature

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