Skeleton Technologies raises another €51 million to scale up its ultracapacitor business

Estonia-born energy storage startup Skeleton Technologies has raised another €51 million to boost the production of its ‘ultracapacitors’ (basically, batteries on steroids). The funding isn’t coming from institutional investors, we should note; Germany’s Federal Ministry for Economic Affairs and Energy, and the Free State of Saxony, are providing the money so Skeleton can develop new […]

Today in European Tech: Epidemic Sound scores $450 million, EU struggles to build antitrust case against Amazon, and more

Hello! Here’s what happened today in European Tech. Deals – Epidemic Sound, a Sweden-based marketplace for ‘background music’, has raised $450 million from Blackstone Group and EQT Growth, an equity round that values Epidemic Sound at $1.4 billion. – The valuation of one of Britain’s most prominent digital banks, Atom Bank, is about to halve, […]

Riga-based crowdfunding platform LendSecured seeks to support underfunded rural Europe

Recognising a market niche and €9 billion funding gap, LendSecured has launched with the aim of getting capital in the hands of an often overlooked market, rural Europe. Traditionally farmers in Hungary, Latvia, Estonia, Lithuania, Greece, Romania, Bulgaria, Croatia, and Spain struggle to source working capital; that which is necessary to fuel pre-harvest hiring, as […]

Mannheim/Berlin-based HRtech fable+ becomes latest acquisition by Accenture

In a move to expand their capabilities in analytics-driven transformation and workplace cultures, global giant Accenture has acquired Mannheim/Berlin-based consulting firm fable+ Terms of the deal were not divulged. fable+’s team of 50 employees are all expected to join Accenture’s Talent & Organisation / Human Potential team. fable+ has leveraged their cloud based app to […]

Milan-based DFLabs acquired by cloud security firm Sumo Logic for undisclosed amount

Redwood City, California-based cloud security firm Sumo Logic announced late last night their intention to snap up Milan-based DFLabs in a move to compliment the firm’s SIEM (security incident and event management) portfolio. A monetary figure was not disclosed and the transaction is subject to customary closing conditions, including certain government approvals in Italy. Finalisation […]