This Week in European Tech: Getir may buy Gorillas, a new unicorn in Barcelona, BNP Paribas acquires Kantox for €120 million, a new €860M impact fund, and more

Acquisitions

Summary

This week, our research team tracked more than 110 tech funding deals worth over 1.6 billion, and over a dozen exits, M&A transactions, rumours, and related news stories across Europe.As always, we are putting all of them together for you in a list sent in our round-up newsletter next Monday (note: the full list is for paying customers only, and also comes in the form of a handy downloadable spreadsheet).Weve also got some news for you: were already gearing up for the second edition of the Tech.eu Summit! Save the date:Tickets are now on sale.If you havent seen them yet, weve made all the videos from the Tech.eu Summit last May available as a playlist on our YouTube channel - enjoy!With that said, lets get down to business with the biggest European tech news items for the past couple of days (subscribe to our free newsletter to get this round-up in your inbox).What happened this week in European Tech?Estonian-founded Sunly raised 200 million to speed up renewable energy production in Europe.Barcelona-based HR management platform Factorial has garnered $120 million in a Series C round that saw the company obtain the coveted unicorn crown.Spanish electric vehicle charging company Zunder has raised 100 million from French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, in a bid to accelerate the rollout of ultra-fast EV charging stations across Southern Europe.Parisian startup Homa has raised $100 million in a Series B round. The platform offers game developers a full suite of tools, data insights, and revenue generation options.Manchester-based customer engagement platform Connex One has secured \xa393 million in a Series C funding round.Fluro, the UK consumer lender previously known as Lending Works, announced a landmark \xa3200 million financing partnership with BNP Paribas.Amsterdam-based Crisp, an app-only supermarket focused on ultra-fresh food, announced on Tuesday that it has raised 75 million in a fresh round of funding from existing and new investors.London-founded blockchain development platform Tatum has raised $41.5 million in a round led by Evolution Equity Partners.As reported by Bloomberg, Istanbul-based Getir is, "is in advanced talks to buy rival Gorillas, people familiar with the matter said. Mediobancas Compass unit has acquired Italian fintech Soisy and bought a 19.5% stake in Swiss outfit HeidiPay.Alva Labs, a Stockholm, Sweden-based provider of a digital hiring tool, acquired its neighbour DevSkills, a creator of coding tests for evaluating technical competence of developers.Spherics, a UK-based carbon accounting platform for SMEs to understand and reduce their environmental impact, has been acquired by accounting giant Sage.The world of Impact Investing was given a boost this week when London-based global investment platform Lightrock closed its first ever Climate Impact Fund at the oversubscribed amount of 860 million.ICO will invest up to 450 million in nine private equity funds that will channel up to 2 billion into Spanish companies.Prague-based Credo Ventures announced the final closing of its fourth flagship fund CS4 at 75 million.Verium has reached a 120 million Swiss francs (about 125 million) close on its continuation fund for its investments in Swiss embedded hardware company Toradex and energy solutions company Mobil in Time.Prague-based venture capital firm DEPO Ventures announced the launch of its third angel fund. The new fund is aiming for 20 million.Enterprise Ireland has launched a new stream of funding to support early-stage startup companies.Google could face EU antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros.European Union lawmakers signed off the Markets in Crypto Assets Regulation (MiCA)landmark legislation that hopes to regulate the digital asset space within the union.E-commerce giant Amazon is set to invest 1 billion in electrifying its fleet in European markets, with \xa3300 million allocated for the UK.The European Commission is working on integrating Horizon Europe-like innovation initiatives into the European Defence Fund (EDF) to close the information gap between the civil and defence research programmes.Bristol-based semiconductor company Graphcore has lost its deal with Microsoft and seen key investors write down their stakes.European venture funding for third-quarter 2022 continues to fall, sliding to its lowest point in nearly two years as early-stage investment shows clear signs of weakness.WIRED spoke with Skype cofounder Niklas Zennstr\xf6m about why the burgeoning European startup scene is poised to lead the technological revolution.EIF Venture Capital Survey 2022: Market sentiment and impact of the current geopolitical & macroeconomic environmentFunding with debt: The story behind Grovers borrowed $2.1 billionWay back before Bitpanda exploded into the fintech unicorn it is today, Berlin-based neobank N26 had its eyes on the crypto company.Crowdcube Chief Commercial Officer Matt Cooper outlines how and why its more important than ever for founders and entrepreneurs working in the cleantech space to harness the power of the crowdEuropes quantum computing infrastructure to get six new enginesIf youre worried that WFH is holding up your climbing the corporate ladder, you might be right.The UK must continue to spend big on national security technologies such as quantum computing in order to resist Chinese dominance, a British spy chief said.MiCA: What Europes cryptoassets regulation means for the continent

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
Financial Software SaaS Currency Management Automation

Linked Companies

Kantox
$10M to $25M