This Week in European Tech: Oh, Vienna! Bitpanda raises $263 million, Adverity scores $120 million

robin@tech.eu

Happy Friday!

This week, our research team tracked 74 tech funding deals worth more than €1.5 billion, and 19 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).

Here’s 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:

1) Digital investment platform Bitpanda has raised $263 million in a Series C round, now giving the Austrian company a valuation of $4.1 billion.

2) Oslo, Norway-based Gelato, a one-stop shop for customised print products on demand, has raised $240 million at a valuation of just over $1 billion.

3) Frankfurt-based Northern Data builds and offers infrastructure solutions for High-Performance Computing applications. In a recent development, Northern Data announced the acquisition of crypto-mining company Decentric Europe from Block.one in a €365 million deal that will also see it acquire all of Decentric’s GPU hardware.

4) Jerusalem-based investment platform OurCrowd looks set is reportedly in negotiations with a SPAC traded on Nasdaq to go public at a valuation of over $1 billion.

5) Vienna-born marketing analytics platform Adverity has landed a $120 million Series D round led by SoftBank Vision Fund 2, with participation from an existing investor Sapphire Ventures.

6) Paysafe, a London-headquartered specialised payments platform, has signed a definitive agreement to acquire SafetyPay for $441 million in an all-cash transaction further scale in the high-growth Latin American region.

7) Xentral, a German startup that develops an ERP for online small businesses, has raised a $75 million Series B funding round from Tiger Global and Meritech, following up from existing investors Sequoia Capital, Visionaries Club and Freigeist.

8) Hamburg-based Sport Alliance has secured a €60 million investment from growth equity firm PSG. The company is comprised of a number of sub-brands, which develop software solutions and services specifically tailored for the fitness industry.

9) Berlin-based Moss (formerly known as Vanta) has raised $29 million in a Series A extension funding round. The fintech startup offers high-limit physical and virtual credit cards and an expense and invoice tracking software solution.

10) Swedish health tech company KRY has acquired PBM, which specialises in behavioural psychology.

Podcast:

Looking for future automation unicorns, with Vargha Moayed (UiPath) and Reshma Sohoni (Seedcamp)

Bonus links:

McKinsey studied Europe’s top 1,000 start-ups to learn how they succeed in the region’s fragmented value pool and found the answers lie in four distinct strategic plays.

– For London’s technology community, the iconic Silicon Roundabout has seemingly outlived its relevance.

– The rocky road to European digital identities

– Dublin remains one of the leading European tech cities, coming in just behind London and Paris, according to new rankings.

– Luxembourg emerges as Europe’s sanctions leader on data breaches

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