Hello! Here is what happened today in European tech: Deals – Electronic Arts has reached an agreement to acquire UK-based game developer and publisher Codemasters, valuing the company at approximately $1.2 billion. The deal is anticipated to be completed in Q1 2021, and comes at a surprise as rival publisher Take-Two Interactive had only agreed […]
Nordic e-commerce powerhouse BHG has acquired 97.6% of Scandinavian design e-tailer Nordic Nest, it announced on Sunday (hat tip: Breakit). The deal values Nordic Nest, which was founded in Sweden back in 2002 (under the name Designonline), at approximately €175 million. The sellers of Nordic Nest include Nordstjernan, Philian Invest, Stella Capital, Jörgen Bödmar, its […]
Mendi, a Swedish health tech startup creating consumer devices for brain health, has raised €3 million through Kickstarter and Indiegogo, where customers ordered over 10,000 Mendi neurofeedback devices within six months. The very first batch of devices, which are manufactured in Sweden and run $299, will be delivered to consumers in December. The company, which […]
Sugar Cap, a UK platform that provides flexible loans to gaming and app studios, has raised £1.5 million in pre-seed financing. Passion Capital led the round, which also includes Velo Partners as co-investor and some business angels, such as Victoria van Lennep of Lendable. Sugar, which stands for “Scale Up your Games and Apps Revenue”, […]
These were the 10 European tech stories this week
Strise, a Norwegian AI startup that has built a data platform for enterprise financial institutions, has raised €1.4 million in seed funding to expand across Norway and into international markets. Led by Maki.vc, the round also included German investor Tim Bolte, former SVP of SAP, and existing angel investors. The company distinguishes its platform from […]
DevSkiller, a Warsaw-based platform that tests the coding skills of job applicants, has raised €1 million in bridge funding from SpeedUp Energy Innovation (SEI). The investment will help the startup expand its product into a comprehensive skills development and talent management tool. “We’ve started off with DevSkiller which is the technical skills assessment platform powered […]