This week, our research team tracked down more than 75 technology finance deals cost over 690 million eurosand above 20 exits, M&A deals, rumorsand related news across Europe.
As always, we’re collating them all for you in a list sent out in our roundup newsletter next Monday (note: the full list is for paying customers only and is available as a handy downloadable spreadsheet).
We also have news for you: we are already preparing for the second edition of the Tech.eu Summit! Record the date:
Tickets are now on sale.
If you haven’t seen them yet, we made all the videos from last May’s Tech.eu Summit available as playlist on our YouTube channel – Enjoy!
With that said, let’s tackle the biggest European tech news of the last few days (subscribe to our free newsletter to get this roundup in your inbox).
>> Notable and large funding rounds
UK-based sustainable energy technology business GRIDSERVE has raised £200m in funding from Infracapital, the infrastructure investment arm of M&G, to decarbonise transport through electric vehicle infrastructure.
Frankfurt-based AAA game developer Gunzilla Games has raised $46 million in funding. The round was led by Republic Capital.
On the back of its acquisition of Berlin-based neobank Kontist, Danish fintech startup Ageras Group has secured €35 million in growth capital funding from CIBC Innovation Banking.
Grizzly.fi, a Zurich, Switzerland-based crypto platform provider that simplifies investing in the best DeFi opportunities, raised $26 million in funding.
London-based Patchwork Health, a healthcare workforce platform set up by NHS doctors, has raised £20m in funding to tackle the NHS staffing crisis.
Netherlands-based clinical medical device company Xeltis has raised €15 million in funding from China-based Grand Pharmaceutical Group.
>> Notable acquisitions, mergers, IPOs and SPAC deals
Wallbox, a Barcelona, Spain-based provider of electric vehicle (EV) charging and energy management solutions, has acquired CoilUS EV charging installation service.
Investment manager abrdn has become the largest external shareholder in the UK’s first regulated digital securities exchange, Archax.
Open document and data platform specialist Legado has acquired the consumer and B2B account management technology from London-based WonderBill.
Based in Stockholm, Swedish digital game studio founded by Candy Crush veterans Nørdlight is acquired by Spin Mastera Canadian multinational toy and entertainment company.
UPSKLS, a Colorado-based on-demand job search platform, has acquired UK-based Work Simplra startup that built a virtual internship hosting and management solution for the future of work.
London-based AI-based quality engineering company Qualitest has acquired ZenQ, an India-based software testing company.
>> Interesting moves by investors
Lord Hammond, the former chancellor of the United Kingdom, is among the many heavyweights who have been included in the backed a new £1 billion fund aimed at accelerating the expansion of some of the UK’s most promising fintech companies.
London-based venture capital firm Balderton Capital has recorded a bumper year of earnings and its partners are profiting from the new fund to the tune of £12 million.
In other Balderton news, the investment firm has appointed Elodie Broad as its first “Head of Impact and Sustainable Futures”.
London-based investment firm Portfolio Ventures has closed its second angel fund, with over £5 million to invest in early stage UK start-ups.
Capify, the specialist SME lender, has launched a £40m fund for smaller UK businesses to help manage operations in difficult trading conditions.
>> In other (important) news
Last spring, French growth company BeReal raised Series B funding at a pre-cash valuation of 600 million dollars in a round led by DST Global, The Information reports.
The former chairman of the UK Competition and Markets Authority (CMA) has sued for £10bn against crypto companies including Binance and Kraken, which have been accused of “anti-competitive behavior”.
The German competition watchdog is we need to consider whether Microsoft should fall within the scope of the new rules which allow the country to quickly prohibit anti-competitive behavior.
The revolution was received the first crypto permit by the Cyprus Securities and Exchange Commission, which will form a new European crypto asset hub to provide additional crypto services to its 17 million European clients.
London-based food delivery service Deliveroo has released its half-yearly financial update for investors, and there’s good news and bad news. The good news is that revenue is up, the bad news is that so are losses. Deliveroo will begin winding down its operations in the Netherlands.
Amazon was fined again for violating labor laws in Catalonia, Spain. The e-commerce giant has been under investigation by regional labor authorities over its subcontracting practices for several years.
London based events company Pollen is on the verge of collapse; it sent an email to staff confirming it was restructuring after failing to find a buyer. The announcement comes just months after the company announced $150 million in new VC funding.
Fast food delivery startup Gorillas is on the way close a funding roundbut at a considerably lower valuation (for reasons which we need not now explain).
>> Recommended reading and listening
Big deal: Inside German fintech Auxmoney for €500 million
UK sovereign wealth fund to a large extent supported “zombie businesses”.
Terrible “down circles” shave billions off startup valuations.
Tech.eu Summit: Exploring the Metaverse with The Sandbox, Decentraland and Metav.rs
European pet tech venture capital deals have dropped out after a surge in investment fueled by the pandemic.
5 reasons why Ukraine’s fintech sector is so increasing despite the war.
New data from A technological nation reveals that almost a quarter of UK tech companies will reach a Series C or exit in 2022, but warns that these major liquidity events should not diminish the need to support the majority (50%) of tech companies that are in earlier stages of growth, especially those R&D-intensive firms that tend to have longer product development cycles and time-to-market.