Y Combinator-backed financial data collaboration platform Abacum raises $7 million in round led by Creandum

Barcelona-based real-time financial and operational data collaboration tool Abacum has raised $7 million in a round led by Creandum. Existing investors Y Combinator, PROFounders, and K-Fund also participated, as well as angel investors Justin Kan (Atrium and Twitch), Maximilian Tayenthal (N26), Thomas Lehrman (GLG), Avi Meir (TravelPerk), Jenny Bloom (Zapier), and Mike Asher ( Neo4j). […]

London-based open banking platform TrueLayer raises $70 million in Series D round

London-based TrueLayer has raised $70 million in a Series D round bringing the fintech’s total capital raised to $142 million. The round was led by new investor Addition, and saw participation from existing investors including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO […]

Norway’s online grocer Kolonial bags €220 million, rebrands as Oda

As with just about every aspect of our former non-digital lives, the global pandemic has rapidly accelerated changes that were bound to come. And if it wasn’t already apparent, Oslo-based Kolonial’s raise of ~€220 million (2.2 billion NOK) is yet another indicator of the already red hot European online grocery delivery sector. The round was […]

Today in European Tech: Allfunds to go public, big rounds for Redis Labs, WhiteSource, BRYTER and Sequans, Kahoot buys Motimate, and more

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 […]

Israeli-founded Redis Labs raises $110 million, valuation at $2 billion

Tel Aviv founded database platform Redis Labs has closed a $110 million Series G funding round, now bringing the company’s valuation up to $2 billion. The financing was led by new investor, Tiger Global, and saw participation from new investor Softbank Vision Fund 2, as well as existing investor TCV. Redis Labs’ current investors include […]

Paris-based 5G and 4G solutions provider Sequans secures $50 million in financing

Paris-based Sequans Communications has secured $50 million in financing in a move to strengthen its balance sheet. The financing is provided by Lynrock Lake Master Fund and consists of $10 million of American Depository Shares and $40 million principal amount of convertible debt. “A stronger balance sheet improves Sequans’ standing as we accelerate our Massive […]

Warsaw-based fintech Spoko lands €5 million from FinTech Ventures

Warsaw-based international money transfer fintech Spoko has obtained €5 million in financing from their strategic investor FinTech Ventures. The new funding is expected to accelerate Spoko’s geographic expansion and further develop the product. Specialising in instant international cash transfers, Spoko is seeking to stand apart from competitors through attractive exchange rates and transparent transaction costs. […]

Madrid’s Imaweb snaps up Swiss automotive software specialist Stieger

Madrid-based automotive industry digital solutions provider Imaweb has acquired Swiss competitor Stieger. Financial terms and conditions were not disclosed. Backed by growth equity firm PSG, Imaweb has been on a tear this year, with the acquisition of German competitor Procar in January, and French remarketing software developer Stampyt just last month. Founded in 1982 and […]

Oslo-based employee engagement and learning platform Motimate acquired by Kahoot!

In and Oslo-to-Oslo transaction, learning platform Kahoot! has acquired cross-town employee engagement and learning app provider Motimate. Kahoot! has acquired 100% of the shares of Motimate at an enterprise value of $25 – $27 million on a cash and debt-free basis, including a 2021 performance-based element, reflecting an approximate 5x multiple on an ARR target […]

Wherever(ish)-based no-code platform BRYTER raises $66 million in Series B round

Remote-first, but officially registered in Berlin, no-code service automation platform BRYTER has raised $66 million in a Series B round. This funding arrives just 8 months after a Series A raise, now bringing BRYTER’s total available capital to $90 million. The round was led by Tiger Global and saw participation from existing investors Accel, Dawn […]

Brisbane-based EML Payments acquires Kildare-based open bank Nuapay

Kildare, Ireland-based Sentenial and its open banking brand Nuapay have been acquired by Brisbane’s EML Payments for an upfront fee of €70 million, with an additional earn-out component of up to €40 million. With this acquisition, the combined group will hold in excess of $90 billion AUD in Gross Debit Volume. The deal is subject […]

Today in European Tech: SoftBank invests in Norway’s AutoStore at $7.7 billion valuation, AXA VP’s new growth fund, and more

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 […]