Partech Ventures closes €400 million in financing for its growth fund

Global investment firm Partech Ventures has completed the final closing of its first growth fund, dubbed Partech Growth, with a total of €400 million. That’s double the first close - Partech initially secured funds totalling €200 million back in January 2015. Partech Growth intends to invest between €10 million and €50 million in tech scale-ups […]

German accounting software startup Smacc raises €3.5 million in Series A round

Cloud accounting software startup Smacc has raised €3.5 million in Series A funding from Cherry Ventures, Rocket Internet, Dieter von Holtzbrinck Ventures, Grazia Equity, and a number of angel investors. The Potsdam-based company uses AI to automate the accounting and financial processes for small and medium sized enterprises. The company’s proprietary technology uses machine learning […]

Swedish fintech firm Klarna opts for debt funding to finance growth

Sweden-based Klarna, one of Europe’s most valuable fintech firms, this morning announced that it had tapped debt markets for the first time in its history, issuing subordinated notes totalling 300 million Swedish crowns (roughly $32 million at current currency exchange rates). As Reuters reports, Klarna said the 10-year notes have a floating rate, and that […]

These were the 10 biggest European tech stories this week

This week, Tech.eu tracked 11 technology M&A transactions and 101 funding deals (totalling €423 million) in Europe, Turkey and Israel. Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, […]

Enterprise software firm Lystable raises $11 million Series A round

Lystable, an enterprise software firm for managing freelancers, has raised $11 million in a Series A round led by Valar Ventures and Goldcrest Capital along with Spring Partners. Lystable’s software is used by the likes of Google and MTV to manage freelancers and independent contractors, a sector of the workforce that is growing rapidly in […]

Art marketplace JUNIQE lands €14 million led by Highland Europe

JUNIQE, an online marketplace for curated art, has raised €14 million in a round led by Highland Europe with participation from Vorwerk Ventures, High-Tech Gründerfonds, and Redalpine. The Berlin startup, launched in 2014, connects artists and sellers with buyers. The company experienced a year on year revenue growth of 500% in 2015 it said, with […]