This week our research team tracked down more than 80 technology financing deals cost over 1.2 billion eurosand above 5 exits, M&A deals, rumorsand related news across Europe.
As always, we’re collecting 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 also 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 dive into 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
Stockholm-based startup H2 Green Steel has secured backing for €3.5 billion in debt financing is to build a hydrogen-powered steel plant in northern Sweden.
Global money transfer firm Wise has provided £300 million debt financing in support of its future growth plans. The syndicated debt facility was organized and led by Silicon Valley Bank UK with the participation of six other banks.
London-based Immersive Gamebox (IGB – formerly known as Electric Gamebox) has announced that it has signed franchise deals worth $90 million that will see the company expand globally over the next three years.
s’ Hertogenbosch, Netherlands-based Floryn, an online lending marketplace for small and medium-sized businesses, has raised 65 million euros from NatWest, a London-based retail banking company.
UK-based expert in global payment solutions, CloudPay, has raised new capital of $50 million while experiencing strong growth as demand for cloud-based integrated global payroll and payments services continues.
Shippeo, a French SaaS platform that provides supply chain visibility, has taken on board $40 million worth of D-series cargo, bringing the vessel’s tonnage to $107.9 million.
Eindhoven-based maker of “powerful and advanced AI solutions at the edge” Axelera has raised $27 million in a Series A round.
>> Notable acquisitions, mergers, IPOs and SPAC deals
eToro has acquired Lisbon-based Bullsheet, a provider of portfolio management tools designed exclusively for eToro users. The purchase price remains undisclosed.
Worldline moved to acquires a 55% stake in SoftPos.eua Warsaw-based fintech company that turns Android devices into secure payment terminals.
Visma, the European leader in cloud software, has acquired SaaS expansion OutSmart, a provider of field service management software for SMBs. OutSmart is based in the Netherlands and also operates in Belgium, Germany and Portugal.
Swiss dua.com is buying German dating app Spotted.de.
>> Interesting moves by investors
Poland’s Market One Capital has just raised its second fund, the 80 million eurosto invest in more early stage European start-up markets and network effect.
Female Founders has announced the launch of its F Fund, designed to support startups with at least one woman on the founding team. The first close of the venture capital fund was oversubscribed at over €12 million.
SEB Greentech Venture Capital, the bank’s green technology investment arm, has invested in five companies to date. The device has already received a doubling from its investment capital and increases its ambition to find investments in the Nordic region and Europe.
Redstone and EnjoyVenture have joined forces to build human capital for impact (HIC), Germany’s first dedicated venture capital fund with a social impact of USD 50 million.
Station F, the iconic startup campus in Paris, is renewal its founders program completely to make it an accelerator program.
>> In other (important) news
Google Play Store is the purpose of EU antitrust investigationthe company said in a regulatory filing, a move that could expose the US tech giant to a new billion-euro fine.
Bill Gates has voiced his support for a new coalition of eight European cleantech companies coming together to raise all ships when it comes to putting Europe at the helm when it comes to achieving net zero goals.
The European Union is preparing rules that will require banks in the eurozone to offer instant payments in euros.
Furniture e-commerce company Made.com has temporarily suspended new customer orders after the termination of negotiations with prospective buyers.
Another casualty of the downturn is German e-commerce company Windeln.de dead.
Next, Wise plans to launch its asset investment service across Europe securing a license in Estonia.
Online car marketplace Cazoo has announced a a record quarter in the UKwith its highest earnings and sales coming on the back of its withdrawal from European markets.
This was revealed by the British Business Secretary Jacob Rees-Mogg £211 million of government funding to focus on research and development of batteries.
The EU’s Digital Services Act (DSA) will enter into force on November 16 after its adoption publication in the Official Journal of the EU (OJEU) on Thursday.
UK-based cybersecurity unicorn Snyk has reportedly cutting 14% of jobs in its global workforce, becoming the latest victim of the technological downturn.
>> Recommended reading and listening
of Europe chips challenge
One of the investment directors at Antler, Sarah Finnegan, wrote a post about practical ways investors can attract more diverse founders and create a more inclusive venture capital ecosystem across Europe.
Spotify says Apple is “choking competition” and ruined his audiobook store.
Looking for a job in the big business of cyber security? Here are three European places you don’t want to overlook.
The UK’s financial regulator has warned that Big Tech’s growing interest in payments, lending and other financial products could harm competition and leave traditional providers at a disadvantage.
The condition of Turkish startup ecosystem (PDF).