Tech Funding and M&A Round-Up in Europe: Investments, Acquisitions, and Innovation
Key Ideas
  • European tech funding surpasses €1 billion with notable investments in fintech, solar energy, and financial services for SMEs.
  • M&A activities include acquisitions by companies like Sophos and expansion moves by Visma and Green Mobility Holding.
  • Investor activities feature a $500 million fund launch by Cherry Ventures and initiatives to enhance private investment market access.
  • Innovation highlights include the world's first cell-cultivated meat dog treat, green hydrogen pilot projects, and advancements in AI technology.
This week in Europe, over 80 tech funding deals amounting to over €1 billion were tracked. Some notable funding rounds include the EU fund supporting fintech company Froda with €150 million, Solaris securing €140 million, and FinTech startup Wealthon obtaining €126 million for financial services geared towards SMEs. On the M&A front, Oxford-based Sophos acquired Dell-owned SecureWorks in an $859 million deal, Visma expanded into France through the acquisition of Evoliz, and Green Mobility Holding took over Austrian company LeaseMyBike. Investor activities saw Cherry Ventures launching a $500 million fund aimed at propelling Europe's first trillion-dollar company and initiatives by Yooro to enhance private investment market access. The European tech scene also saw some exciting innovation, such as the launch of the world's first cell-cultivated meat dog treat in the UK, partnerships like Clyde Hydrogen teaming up with PlusZero to pilot green hydrogen electrolysis, and advancements in AI with synthetic data and an open-source SDK. Other industry-related news includes the approval of the Coinbase exchange in the UK, Yapily's deal with Adyen leading to reduced losses, and BlackRock's preparation to launch a bitcoin-linked investment product in Europe. Recommended reads feature insights on the future of AI innovation, the UK tech ecosystem, a mechanical IV pump for on-the-go care, and IoT-embedded basketballs making waves with NBA Launchpad selection. European tech startups to watch include Crown securing €2 million for its procurement platform, KOA Biotech raising €2 million for early disease detection in fish farms, and Synaps emerging with €1.4 million funding for its architecture-focused platform. DriveX also raised €1.2 million for quick windshield damage detection, Urban mobility SWITCH closed a pre-seed round of €946,000, and German startup Coolnis secured €300,000 to address heat sensitivity in dogs with advanced cooling technology.
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