This week, our research team tracked more than 80 technology financing agreements Upper value €2.8 billionand more 20 releases, M&A deals, rumorsand related reporting across Europe.
As always, we’re rounding them all up for you in a list sent out in our summary newsletter next Monday (note: the full list is for paying customers only and also comes 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 this date:
Tickets are now on sale.
If 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!
That said, let’s get down to business with the biggest European tech news of the past few days (subscribe to our free newsletter to get this roundup delivered to your inbox).
>> Notable and important funding rounds
In the second signing of its Series E funding round, Bruchsal-based German urban air mobility company Volocopter raised an additional $182 million.
Siegen, Germany-based quantum computer developer eleQtron, has raised more than €50 million in new funding, including venture capital from Earlybird and Siegerlandfonds.
Munich-based The Mobility House, a company that provides energy solutions for mobility, raised $50 million in a Series C funding round. The round was led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. Other strategic investors include Mercedes-Benz, Alliance Venture, Mitsui and SP Group.
Plend, a UK “ethical lender” that is ditching the traditional credit system and instead using open banking data for lending decisions, has raised £40m in seed funding.
Barcelona-based Lodgify announced that it has raised $30 million in Series B funding. The investment round was led by Octopus Ventures.
Fintecture, a Paris-based payment infrastructure provider, raised €26m in a Series A funding round.
Gitpod, a Kiel, Germany-based open-source development platform that builds ready-to-code workspaces in the cloud, raised $25 million in Series A funding.
Form3, the cloud-native payment-as-a-service platform, secured a €23 million subprime credit facility to explore acquisitions, enter new markets and support new product growth.
>> Notable SPAC acquisitions, mergers, IPOs and transactions
Volkswagen is selling its WeShare car-sharing service to Miles Mobility, in a deal that sees the Berlin-based competitor order more than 10,000 electric cars from Audi, Seat/Cupra and VW.
The UK government has approved a deal between energy company x and Bulb’s special trustees, under which Octopus will buy out Bulb’s 1.5 million customers.
Swiss Post has acquired a majority stake in Unblu. Its platform allows companies to quickly, directly and securely exchange all kinds of information with their customers, and vice versa.
Blume, a UK-based client acquisition specialist for the legal industry, has been acquired by private equity firm Sun Capital Partners.
The British company Frontier has acquired the game development studio Complex Games.
SD Worx, an HR solutions platform provider based in Brussels, Belgium, has acquired Intelligo, an Irish provider of HR and payroll software and outsourcing services.
Swiss crypto portfolio tracking tax platform Accointing has been acquired by Glassnode, which specializes in on-chain and market data intelligence.
UK-based AMPYR Solar Europe, a pan-European solar developer and independent power producer, has acquired Dutch solar business SolarEnergyWorks for an undisclosed sum.
>> Interesting investor moves
Helsinki/Stockholm-based Inventure has announced the second closing of its fourth fund, setting €144m out of a target of €150m.
GoHub Ventures has launched a €60 million fund to invest in B2B technology companies.
Concentric, a pan-European venture capital firm based in London, UK and Copenhagen, Denmark, has launched Timechain, a fund dedicated to equity investments in bitcoin-based start-ups. The fund is more than 60% away from its first closing target of $21 million.
Privilège Ventures, a venture capital fund based in Lugano, Switzerland, has just launched its fourth fund. The more than $20 million fund is aimed at female-led start-ups across Europe.
The UK Environment Agency has deployed part of its pension fund into the Berlin-based World Fund, a climate technology venture capital firm.
Berlin-based Atlantic Labs and FoodLabs, both European start-up investors in food and tech, announced on Wednesday that they have launched Founders for Climate, Europe’s first climate tech entrepreneur-in-residence program.
Founders Factory, a London-based global business builder and early-stage investor, and hubraum, Deutsche Telekom’s technology incubator, are launching a new venture capital studio as a joint venture, based in Berlin.
Madrid-based CEMEX Ventures, the HVAC and open innovation unit of CEMEX, announced the launch of CEMEX Ventures Leaplab, an intensive acceleration program for innovative startups tackling critical challenges in the construction industry .
MediVentures, a fund backed by a group of private investors from the Polish diaspora in the United States, announced a new investment fund. The company plans to invest nearly 5.3 million euros in the Polish medtech sector.
>> In other (important) news
The EU’s Digital Markets Act (DMA) came into force this week. The European Union says the new regulation will end unfair practices by companies that act as gatekeepers to the online platform economy.
Revolut is adding a crypto spending mode to its debit cards in the UK and Switzerland, allowing customers to switch between crypto and fiat purchases, online or offline.
Millennial-oriented furniture retailer Made.com suspended trading in its shares on the London Stock Exchange on Tuesday after failing to agree a bailout deal before a November deadline.
British commercial electric vehicle company Arrival has received a warning from the Nasdaq stock market because its share price is trading too low.
The European Commission is set to launch an in-depth investigation into Microsoft’s record-breaking $69 billion game developer Activision-Blizzard after the US tech giant chose not to file an antitrust appeal of the EU.
Pleo, the Danish unicorn behind an expense report management tool and connected company cards, is reducing its workforce by 15% with the loss of 150 jobs.
London-based Octopus Energy, a renewable energy investor, has committed more than £110m on behalf of its Sky fund to the Manchester-based public electric vehicle charging network Be.EV.
Britishvolt has been granted a reprieve from entering administration after the car battery start-up secured last-minute funding to avoid collapse
Boomin, the online property portal founded by the former Purplebricks boss, has appealed to liquidators after failing to secure new funding.
Digital health provider Kry, known as Livi in the UK and France, has announced that an additional 10% of its workforce of around 3,000 people will be made redundant.
>> Recommended reading and listening
European tech investment slowdown continues in October 2022, despite two new unicorns: The month in data and charts
European venture capital deals fell in the third quarter as market conditions became increasingly difficult. Deal value fell 36.1% quarter-on-quarter to 18.4 billion euros, according to Pitchbook.
Tech Nation’s Climate Tech Report 2022 found that international investment in UK climate tech companies nearly doubled from $4 billion in 2021 to $7.5 billion so far in 2022.
The State of Crypto in Northern Europe: Hostile Scandinavia and Vibrant Baltic
Tim Mills, managing partner at ACF Investors, an early-stage venture capital fund that backs fast-growing companies in a variety of sectors, explains why VCs don’t always have all the answers.
A group of European Union policy professionals are trying to coordinate an exit from Twitter following Elon Musk’s $44 billion takeover, arguing the billionaire could make the site inhospitable to them.
Regulating the future: an overview of the EU plan to relaunch product liability rules for AI
UK cryptocurrency businesses and investors have high hopes that new Prime Minister Rishi Sunak can turn around Britain’s waning crypto aspirations.
International Trade Secretary Kemi Badenoch has called on the UK to invest in innovative green technologies as a way to “future proof” the economy.
Digital trust – a new benchmark we didn’t know we needed.
European and American policymakers are reacting at different paces to digital challenges and unilateralism must end, writes Bill Echikson.