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.
Today's Top Tweets
"Among the Europeans, @N26 is still leading the race in the US."
(This market is about finding yr niche. Banks aren’t marketing to everyone, but rather specific cohorts of individuals. Spending on user acquisition in the US market can carve out a respectable customer base.) https://t.co/2YKGA9j9lS
— Earlybird VC (@EarlybirdVC) July 12, 2021
Listen to my interview with @Andreas_Schwab the MEP steering the debate of the new tech rules in Europe inside the European Parliament. He recently said these rules most focus only on the top 5 companies, which are all US firms. https://t.co/M8okbHwkmi
— Javier Espinoza (@JavierespFT) July 12, 2021
⬇
#Startup or an early-stage #automation company? #CEE region or #Turkey? Interested in €50,000 cash prize, and tech & marketing support?
Get your innovative ideas off the ground – join the @UiPath Automation Awards 2021!
https://t.co/NwWMq9CRzC pic.twitter.com/weWzqqBxDp
— Tech.eu (@tech_eu) July 12, 2021
#investments #June closes with €282M invested in #Spanish #startups and 2021 now exceeds €2 billion
— StartupsReal (@StartupsReal) July 12, 2021
Glad I had the opportunity to share insights on what we've been building at astoryaVC: a unique entry point to the European #InsurTech scene. #FinTech
Listen to the discussion: https://t.co/NlBdEv8TjY pic.twitter.com/imDok3ytgm
— Florian Graillot (@FGraillot) July 12, 2021
Signed. Sealed. Delivered
The EUTA sends a letter to EU finance ministers and @EU_Commission in response to the #G20 agreement on #taxation
Follow the link below to find out more https://t.co/V1MrX5fj8s
— European Tech Alliance (@eutechalliance) July 12, 2021
CEO & co-founder of Kry/Livi @jschildt speaks with Index's @sofiadolfe about building a pan European Healthtech Champion at this year’s @StartupGrind
Listen here https://t.co/zLtluoRLC1
— Index Ventures (@IndexVentures) July 12, 2021
How to make your expansion a success story?
Our next #ToThePoint event will be all about #CrossingBorders and scaling up abroad!
28 July, 11:00AM CEST https://t.co/oGSBg7Tom3
It's free, it's online, it's insightful. Why not sign up right away? pic.twitter.com/njBDWpYCcB
— Tech.eu (@tech_eu) July 12, 2021
Robin AI is happy to announce that we have raised $2.5M in our recent Seed round! We’re looking forward to changing the face of contracts with cutting edge software, AI and our own brilliant legal team, and think this article by UKTN puts it brilliantly.https://t.co/gaMDsNE74j
— Robin AI (@RobinAI_UK) July 12, 2021
We're excited to announce that we are joining forces with the @cleantechforeu initiative - the first group of cleantech leaders helping the EU lead the race to net zero! Register for the September 8 Summit and learn more here: https://t.co/1tF6DXKf1b #energy #cleantech #vc pic.twitter.com/WfRc91AIYF
— Rockstart (@rockstart) July 12, 2021
Pitch your #startup at 2035 E-Mobility Taiwan Global Demo Day by @TaitraLondon, and connect with investors and business partners in #Taiwan!
Apply by 14 July https://t.co/iz8XK6aTG2 pic.twitter.com/xEGxUzJWrU
— Tech.eu (@tech_eu) July 12, 2021
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