This week our research team has been tracking leads more than 110 tech funding deals value over 1.4 billion eurosand over 10 outputsM&A transactions, rumors and related news from across Europe.
As always, we’re compiling them all in a list to be sent out in our round-up newsletter next Monday (note: the full list is for paying customers only and is also provided in the form of a handy downloadable spreadsheet).
We also have news for you: we are already preparing for the second edition of the Tech.eu Summit! Save the date:
Tickets are now available.
In case you haven’t seen them yet, we’ve made all the videos from last May’s Tech.eu Summit available as a playlist on our YouTube channel – enjoy!
Let’s get down to business with the biggest European tech news of the last few days (subscribe to our free newsletter to get this round-up in your inbox).
>> Remarkable and large financing rounds
French insect protein startup InnovaFeed has raised $250 million in a Series D funding round. The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, led the investment.
British Intermediate Capital Group is investing €240 million in Zeplug, a French company specializing in electric vehicle (EV) charging services in multi-occupancy and office buildings.
French startup Bump has signed a multi-year funding partnership with DIF Capital Partners to roll out more EV charging stations and generally double growth. It is a $180 million equity and quasi-equity deal that will be unlocked in stages from 2022 to 2030.
The data protection, information security and compliance platform DataGuard from Munich helps SMEs and companies to find their way in this reality and has collected 61 million euros in funding.
In a rapidly evolving restaurant market, French restaurant technology platform Zenchef has raised over €50m from PSG Equity to develop technology solutions for the restaurant industry and accelerate growth in Europe and the US
Sun Finance, a Latvia-based fintech offering online consumer finance services, has completed its largest-ever bond issue of €50 million.
Prophesee, the Paris-based inventor of advanced neuromorphic vision systems, has announced the close of its Series C funding round with the addition of a new investment from Prosperity7 Ventures. The round now amounts to 50 million euros.
The Swiss non-profit GRN Association has secured a total investment of US$50 million for the GRNGrid project from GEM Digital Limited, a venture capital firm specializing in digital currencies.
Estonia’s 3Commas, an automated crypto trading bot platform, has raised $37 million in a Series B funding round led by investment firms Target Global, Alameda Research and Jump Crypto and Dmitry Tokarev, founder and CEO of Crypto Custodian Copper , is cited.
London-based deep tech startup Hadean has raised $30 million in funding to expand its Metaverse infrastructure technology to support virtual worlds in immersive entertainment and enterprise digital twins.
>> Notable acquisitions, mergers, IPOs and SPAC deals
Schneider Electric has agreed to buy out Aveva’s minority shareholders in a deal that values the British industrial software company at £9.5 billion, the British tech company’s latest foreign takeover.
As the market for last-mile delivery space intensifies, two Swedish-based last-mile delivery companies, Instabox and Budbee, have merged under a new holding company, Instabee, to boost e-commerce shipping. The newly combined company is valued at €1.67 billion and the founders will be the largest investors along with Kinnevik.
Consulting and digital services Capita will sell its UK-based Pay360 business to Access PaySuite in a deal worth £150m.
Kambi, a Malta-based sports betting company, acquired Shape Games, a Copenhagen, Denmark-based specialist in front-end technology, for €78.1 million.
Allurity has acquired Spanish multinational Aiuken Cybersecurity as an important step in its journey to become Europe’s leading cybersecurity provider.
Portugal-based pet products and wellness company Barkyn has acquired Spanish rival Happets for an undisclosed sum.
The Ukrainian software developer TechMagic has taken over the US company Dynamo Development.
>> Interesting moves from investors
Visionaries Club has announced a second B2B fund with a new €150M seed capital and a €200M early growth fund. It is also launching the €50 million science-focused Tomorrow Fund in the Visionaries Club to support science-focused startups in the pre-seed and seed stages.
Hamburg-based VC Digital Transformation Capital Partners (DTCP) has announced the first closing of its USD 300 million Growth Equity III fund. It plans to continue raising significant capital for the fund and intends to complete the fundraising in 2023.
Swisscom Ventures is expanding its investment activity after raising a €300 million fund, mostly from outside investors
Berlin-based climate venture company Extantia Capital has announced a €300 million platform to invest in and accelerate climate technology innovation.
Spanish investment firm Alantra and energy company Enagás, through its subsidiary Enagás Emprende, have reached the final close of their energy transition fund with €210 million in commitments.
California-based Silicon Valley Bank has converted its UK branch into a wholly owned subsidiary and hired a new leadership team and board to focus on growth in the UK.
Web Summit, one of the world’s largest tech startup events, is set to launch a brand new venture capital vehicle consisting of two new $20 million funds, TechCrunch reports.
Ignite Accelerator has appointed Jo York as its new CEO to oversee the delivery of its startup programs and alumni engagement.
London remains high on European investors’ wish lists, according to global tech VC investor Northzone.
Aiming to break down barriers and support meaningful innovation, Impact Shakers made its first investments through its micro fund, which supports purpose-driven ventures led by underrepresented founders.
>> In other (important) news
The UK’s financial regulator has warned consumers not to delve into FTX, the cryptocurrency exchange.
Spain’s Labor Ministry has fined Glovo, Delivery Hero’s local unit, €79 million for breaking a law requiring food delivery companies to officially hire riders.
London-listed wealth manager Jupiter completes the sale of a stake in Starling Bank at a huge discount to its most recent valuation of £2.5bn.
Europe is nearing a ban on facial recognition.
UK media regulator Ofcom is investigating Amazon, Microsoft and Google’s tight grip on the cloud computing industry.
Plunging online furniture retailer Made.com is considering a sale amid a strategic review. The London-headquartered company entered the main market of the London Stock Exchange in June 2021 with a valuation of £775m but is worth less than £23m today.
The Swedish “buy-now, pay-later” provider Klarna wants to further reduce costs by further reducing its headcount.
The European push to reform research value assessment enters a new phase as the action plan, finalized in July, will be released for organizations to endorse next week.
After spending the last few years teasing its literary ambitions, Spotify has officially launched its audiobook business with an a la carte model that allows users to purchase and download individual audiobooks. At launch, Spotify’s audiobook catalog will include 300,000 titles from major and independent publishers for users in the United States.
European open banking platform TrueLayer will cut 10% of its workforce, around 40 employees, due to “challenging market conditions”.
>> Reading and listening recommendations
Big Deal: Denmark’s Podimo is quietly taking on the giants when it comes to podcasting
Inside Pollen’s collapse: “$200 million raised” but staff unpaid
🎙️ Rocksteady with Rockstart’s Managing Partner Emerging Tech Fund Europe – Michael Bjørnlund
Moving people and things: What’s next for mobility and green transport?
Inclusion platform Include Me has launched a directory of “extraordinary entrepreneurs” from all backgrounds across the UK to provide more role models for groups that are underrepresented in the UK business and technology industries.
Europe and France want to create a kinder, gentler metaverse not dominated by cowardly American thugs.
🎙️ From zero to heroes in record time with Zilch CEO and co-founder Philip Belamant
Elon Musk may regret building Tesla’s first European plant in Germany
rancophonie Avenir (@Francophonie9), an association dedicated to defending the French language, is suing several French government startup organizations for using Anglicisms in their names.
Female angel investors have invested £2 billion in UK companies over the past decade