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This week, our research team made further observations 65 technology funding agreements worth more 1.1 billion euros (Debt and Equity) and above 20 exits, M&A transactions, rumorsand related news across Europe.
As always, we’re bringing it all together for you in a list sent to our newsletter next Monday (note: the full list is for paying customers only, and also comes in downloadable spreadsheet form).
We’ve also got some news: we’re already gearing up for the second edition of the Tech.eu Summit! Setting the date:
Tickets are on sale now.
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!
With that said, let’s get to work on the biggest tech news in Europe over the last couple of days (sign up for our free newsletter to get this roundup in your inbox).
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>> Popular and large funding rounds
UK-based digital-first home healthcare platform Cera has raised $320 million in funding (equity + debt). The new investment will allow the startup to expand from serving 15,000 to 100,000 patients at home every day.
Dusseldorf-based consumer loan provider auxmoney has secured another €500 million in debt support this time through Citi and Natixis. This now brings Axmoney’s debt fund to over €3 billion.
Munich-based identity verification and digital ID provider, IDnow has secured a new debt facility worth €60 million from BlackRock.
Oxfordshire-based startup Nexon, which makes silicon anodes for lithium-ion batteries, has raised US$60 million from Ingevity Corp.
London-based employee benefits platform Ben has raised $16 million in a Series A round, raising its seed count as the company further pushes the envelope on its SaaS and payments technology offerings.
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>> Interesting acquisitions, mergers, IPOs and SPAC deals
Fitness business software company Glofox has been acquired by US-based ABC Fitness Solutions for €200 million.
Gilead is buying privately held U.K.-based biotechnology company Mirobio for about $405 million in cash.
EV Technology Group has agreed to acquire Fablink Group Holdings in a £38.8m deal. Headquartered in Northamptonshire, UK, Fablink has an annual turnover of £110 million.
Robotic process automation (RPA) company UiPath has acquired Re:infer, a London-based startup that develops natural language processing (NLP) tools for enterprises.
Zug, Switzerland-based Saleshub ExactVisitor and Techtracker merged all three brands into Demand, raising $6.3 million in the process.
Sentia, a Netherlands-based cloud consulting company that manages private and public cloud migrations, has been acquired by Accenture.
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>> Interesting activities from investors
The German government and KfW are preparing to distribute 1.2 billion euros in financing (debt and equity) to high-growth start-ups and technology development until 2030 under the cover of the “Venture Tech Growth Financing” (VTGF) program. . The VTGF 2.0 initiative is part of Germany’s ‘Zukunftsfonds’, or Future Fund, which KfW was commissioned to implement.
Flashpoint, a London-based investment firm that manages venture capital, growth secondary and venture debt funds, has raised $102 million for its VCIII fund. The fund focuses on global Series A technology startups in emerging Europe.
Berlin-based Vorwerk Ventures has closed a €150 million fund for European startups.
Born out of Black Lead Angel Group Cornerstone Partners, Cornerstone VC has launched a £20 million fund to invest in unique entrepreneurs from diverse backgrounds across the UK.
After opening a third office in Munich earlier this year, Europe’s largest impact fund Summa Equity has now turned its focus west with the opening of an office in Palo Alto, California.
Tapestry VC raises over $30 million, adds $20 million to Amaranthine and transfers investments.
Dublin-based Furter VC, formerly known as DBIC Ventures, has announced that it has raised €32 million in its latest funding round.
Techstars, a global startup accelerator that helps entrepreneurs succeed, announced on Monday that it has partnered with Autometric Audi to support innovative founders working in the areas of digitalization and mobility.
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>> In other (important) news
The European Commission, the EU government’s executive arm, will open a San Francisco office on September 1 to deal with Silicon Valley companies affected by EU technology regulation.
Supermarket giant Ahold Delhaize plans an IPO for its online retail arm Bol.com due to market conditions.
Italy is close to reaching an initial $5 billion deal with Intel to build an advanced semiconductor packaging and assembly plant in the country.
The European Commission’s antitrust enforcers are investigating Google’s App Store rules.
The UK’s Competition and Markets Authority (CMA) has provisionally given the green light to the $8.1 billion merger of cyber security companies Norton LifeLock and Avast.
Lawmakers in the UK have launched a public consultation on legal changes needed to support the issuance and transfer of digital securities on blockchain and DLT systems.
Tencent is trying to become Ubisoft’s single-largest shareholder – overtaking the French company’s founding Guillemot family.
France, Italy and Spain are pushing the EU Commission to pass legislation that would allow big tech companies to partially subsidize telecoms infrastructure in the bloc.
Around $80 million in funding in June, German ground transportation platform Omio partnered with Uber to provide its inventory and technology so users can search and book international and national train and coach routes through the Uber app.
Berlin-based music and audio platform SoundCloud has confirmed that it has begun the process of reducing its workforce by approximately 20%.
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>> Recommended reading and listening
July 2022 in Europe Tech: Deals, Outings and Preparation for the Holiday Season.
Tech.eu Summit: Wise Co-Founder and CEO Christo Kerman is taking on the ‘Big Banks’ with a long-term strategy.
Will a weak euro lead to greater US investment in European startups?
5 best European cities for remote work
In times of economic uncertainty, the VC’s job doesn’t change much, argues Moulton’s Christoph Hornung. However, it needs more care and analysis.
CEE Startups Funding Report: Over 242 Investments 2B in Q2 2022
The UK must make significant changes to its R&D strategy if the government is to achieve its goal of becoming a science and technology “superpower”, a cross-party House of Lords committee has said.
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