This week, the Tech.eu research team tracked more than 110 technical financing deals worth more 1.7 billion eurosand more 15 exit deals, mergers and acquisitions, and rumorsand relevant news stories across Europe.
As always, we’re putting it all together in a list to be sent out in our newsletter next Monday (note: the full list is for paying customers only, and also comes in an easy-to-download spreadsheet form).
Importance: Get your tickets for the upcoming Tech.eu Summit on May 17th in Brussels pronto. We have a great selection of speakers and an online agenda and event guide – so don’t hesitate anymore and get your tickets now!
From the likes of European Commissioner Maria Gabriel to world record-breaking pilot Zara Rutherford, Belgian Prime Minister Alexandre de Croo, co-founder and CEO of WISE Christo Karmann, there will be plenty of people you’ll want to learn from and meet in person at our first edition of the Tech Summit .eu.
There are a million reasons why you won’t want to miss our first ever major tech conference, but here’s a list of the 10 big ones as we start the countdown 10 days before we see you in (hopefully, sunny) Brussels.
Below, please find an overview of the top European tech news of the past two days (sign up for our free newsletter to get this roundup in your inbox every Monday morning).
>> Notable and large financing rounds
Paris-based HR Digital Transformation Company HR Path has raised €225 million in funding to drive growth, both organic and external, and to expand its operations in the 19 countries in which it currently operates.
Just over a year after registering $100 million, the Finnish open-source phenomenon Aiven has raised more than double that amount — $210 million — with a pre-money valuation of $3 billion.
London-based payments infrastructure provider Paddle has secured $200 million in a Series D funding round led by KKR.
London-based clean technology company Carbon Clean has received a $150 million financing boost, a record for a carbon capture company investment.
Pyramid Analytics, an Amsterdam-based decision intelligence platform provider, has closed a $120 million Series E funding round, bringing its total venture capital to $211 million.
France-born Hugging Face has closed a new round of funding to build machine learning GitHub. It’s a $100 million Series C round with a huge valuation. After today’s funding round, Hugging Face is now worth $2 billion.
A big bet on increasing demand for logistics technology providers, Vienna-based digital e-commerce platform Bird has raised $56 million in funding to allow e-commerce retailers with next-day delivery to consumers anywhere in Europe.
>> Noteworthy acquisitions, mergers, IPOs and SPAC deals
British software company Ideagen has agreed to buy +1 billion pounds by London-based private equity firm Hg Capital. Headquartered in Nottingham, Ideagen provides companies with business and risk management software.
European micro-mobility startup Reby has been acquired by Canadian private equity firm House of Lithium for $100 million.
Nexi, the Italian fintech company that lured rivals Denmark-based Nets and then Italy’s SIA to create a $12.5 billion European payments giant, has made another acquisition, this time to delve deeper into financial services for small and medium-sized businesses in the region. It has fully acquired Orderbird, a startup from Germany that provides point-of-sale products and related services to restaurants.
London-based financial technology company Yabelle has announced that it has signed an agreement with SCHUFA to acquire finAPI, Germany’s leading provider of open banking solutions. The deal is set to make Yabelle “the largest open banking payment platform in Europe”.
Checkout.com will expand its suite of commercial financial services with the acquisition of French digital identity verification (IDV) company, ubble.
Made.com, an online furniture retailer from the United Kingdom, has announced its acquisition of Trouva. This lifestyle marketplace sells products from over 700 independent stores and brands.
>> Interesting moves from investors
After backing two European fintech firms, London-based asset and technology manager Vasanara Capital has unveiled a new $350 million equity fund.
To support European technology expansion, German-Dutch firm Indit Capital has concluded its third fund of €303 million.
Venture capital firm Educapital recently announced that it has reached the first close of its second fund. The team has already secured €100 million and now wants access to €150 million to invest in education technology startups as well as companies working on the future of work.
Although Kinnevik is the largest investor in publicly listed startups in Europe, it has only recently begun to take stakes in travel startups. What you look for in companies tells a broader story of how investors view the sector in general.
>> In other news (important)
EU industry chief Terry Britton met with Tesla chief Elon Musk in Texas on Monday, and the two noted an agreement on digital media regulation in the European Union ahead of Musk’s purchase of Twitter.
Google has signed deals to pay more than 300 publishers in Germany, France and four other countries in the European Union for their news and will roll out a tool that makes it easier for others to sign up as well.
European Union countries and lawmakers agreed on stricter cybersecurity rules on Friday for energy and transportation companies, major financial firms, digital service providers and medical device makers amid concerns about cyberattacks by government agencies and other malicious players.
Funding for the European Innovation Council (EIC) acceleration program for start-ups remains elusive as commission directorates struggle over how to manage the new equity fund.
The European Commission will roll out a generalized survey commitment for messaging services, according to a draft proposal obtained by EURACTIV. The text represents a victory for child advocates, but a setback for privacy activists.
BNPL giant Klarna offers a flexible work policy that allows employees to choose between staying at home or going to the office.
>> RECOMMENDED READING AND LISTENING
How a Ukrainian tech entrepreneur built a startup out of a Russian prison.
Could smart contracts replace lawyers in Europe?
Europe does not suffer from the problem of technology startup, it suffers from the problem of technology expansion.
Worth a trillion – where is the UK’s next technology in the next decade?
Northzone’s PJ Pärson talks about why Klarna rejected them (twice)