London/Boston/Kansas City-based PSG has acquired a majority stake in Madrid’s end-to-end business software provider Nalanda. Financials were not disclosed. The acquisition is slated to drive Nalanda’s international growth into new verticals and geographies via M&A activity. “Nalanda is a leading digital automation solution operating with a significant addressable market across multiple large sectors,” said Dany […]
No-code security automation firm Tines has raised $26 million in a Series B funding round, with the 18 person company now valued at $300 million. The round was led by Lee Fixel’s Addition and saw follow-on funding from Accel and Blossom Capital. Tines also counts CrowdStrike’s Falcon Fund and Silicon Valley CISO Investments as backers […]
Hello! Here’s what happened today in European Tech. Deals – Allfunds, the UK-based B2B WealthTech platform, is to list on the Euronext Amsterdam stock exchange. As of 31 December, 2020, Allfunds had over €1.2 trillion of assets under administration, and €370 million in revenue. – Tel Aviv-founded database platform Redis Labs has closed a $110 […]
Hello! Here’s what happened today in European Tech. Deals – Japan’s SoftBank has acquired a 40% minority stake in Norwegian robotics and software firm AutoStore for $2.8 billion. With the purchase, AutoStore now has a $7.7 billion market value. – Paris-based AXA Venture Partners (AVP) has completed a €250 million first closing of its new […]
Hello! Here’s what happened today in European Tech. Deals – British cybersecurity company Darktrace is finalising plans for a £3 billion stock market listing, despite the shadow cast over technology ‘unicorn’ floats in London by this week’s Deliveroo’s disastrous debut. – American gaming company DraftKings, which manages fantasy sports contests and is a sports betting […]
Hello! Here’s what happened today in European Tech. Deals – Barcelona-based multi-category delivery service Glovo has entered the history books with a €450 million Series F funding round. – Brussels-based app store optimisation tool AppTweak has raised $22 million from early investor Groupe Rossel in a series B round. – Hungarian writing, thinking, and collaborating […]
Hello! Here’s what happened today in European Tech. Deals – Shares in UK food delivery firm Deliveroo fell as much as 30% in its highly anticipated London IPO on Wednesday, wiping about £2.3 billion off the company’s value, and dealing a blow to the city’s renewed efforts to attract tech company listings. – Amsterdam-based unsold […]
