This Week in European Tech: Mysterious Asian Investors, New Billions for European Funds, Google Loses Appeal Over EU Antitrust Ruling, and More

This week, our research team has over 105 technology financing agreements Upper value €994 millionand more 25 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 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 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

An Oslo-based ocean and air freight rate benchmarking platform and container shipping index, Xeneta is making waves with $80m raised in funding at a valuation of $265m.

A Copenhagen-founded open podcast platform that offers a subscription service for creators, Podimo has secured €58.6 million in a Series B expansion funding round.

French audio engineering company and producer of some of the most interesting loudspeaker systems in the world, Devialet has secured €50 million through existing investors Crédit Mutuel Equity and Bpifrance through the Large Venture Fund, and a mysterious new investor Asian, from China, specialized in the miniaturization of audio, optical and tactile systems.

A Swiss high-frequency trading (HFT) platform for digital assets, Portofino Technologies has raised over $50 million in funding to drive the adoption of digital assets by institutional investors and Web3 companies.

Bulgarian and American autonomous access control company Alcatraz AI has raised $25 million in funding to further develop 3D facial authentication and AI to create safe spaces.

London-based software management platform Cledara has raised $20 million in a Series A funding round that will see the company ramp up its operations in the US market.


>> Notable SPAC acquisitions, mergers, IPOs and transactions

Enverus, a SaaS energy company, has acquired Madrid-based RatedPower, a SaaS company that develops solutions that automate and optimize the feasibility study, analysis, design and engineering of solar power plants and electrical infrastructure.

New York-based MakerBot and Netherlands-based Ultimaker, two leaders in desktop 3D printing, have succeeded finalized their merger.

Sphera, a Blackstone-backed risk management software company, has agreed to acquire risk methods. The Munich-based software company specializes in supply chain risk management.

European companies Recruitee, Sympa and Gavel have acquired kiwiHR and will now join forces in a new umbrella group – So much.

Focusing on the continent’s largest digital talent pool in the Central European region, Budapest-based Codecool and Poland-based Software Development Academy (SDA) have partnered to create a larger powerhouse and digital procurement.

Amsterdam-based energy skills training provider Lepaya has acquired German digital communication trainer vCoach to continue expanding into new markets and strengthen its offering.


>> Interesting investor moves

Stockholm-based EQT Growth has launched a €2.4 billion fund to support 20-25 fast-growing tech companies in Europe. According to the company, it is the largest growth fund for the first time based in Europe.

Northzone, headquartered in London, has announced that its new fund has raised more than €1 billion.

Betting big on the sector, global venture capital firm supporting the transition to a sustainable future, Energy Impact Partners (EIP) rolled out its first global expansion with the launch of a €390m European fund.

Neva Sgr, the venture capital subsidiary of Italy’s largest bank Intesa Sanpaolo, has closed its first flagship fund of 250 million euros to support European startups.

European venture capital firm JUNCTION has unveiled a €100 million fund to support companies set to play a major role in the next stage of Europe’s energy market.

A Swiss nonprofit that supports the governance and development of the NEAR protocol, the NEAR Foundation announced a strategic partnership with Caerus Ventures to launch a $100 million venture capital fund and venture lab.

Istanbul-based venture capital firm 500 Emerging Europe has launched a €70 million fund for start-ups in Turkey, Emerging Central Europe (CEE) and the Baltics (Emerging Europe). The company’s second fund has already raised more than €50 million for the €70 million fund.

Runa Capital, launched in 2010, has raised $55 million towards its fourth fund, aiming for a goal of $250 million. The company moves its headquarters to Luxembourg to refocus its attention on the European market.

A French venture capital firm specializing in start-ups, Axeleo Capital (AXC) announces the closing of its new €50 million fund.

UK-based non-profit climate accelerator Subak has announced the opening of fundraising targeting £20m to support startups to help bring climate solutions to scale quickly.


>> In other (important) news

Google has failed to overturn an EU fine of more than €4 billion for using its Android mobile operating system to thwart rivals. The second highest court in Europe largely confirmed the decision on Wednesdaybut reduced the fine from 4.34 billion euros to 4.125 billion euros.

Microsoft’s $68.7 billion acquisition of Activision Blizzard is expected to be thoroughly investigated by UK and European regulators.

The European Central Bank has chosen five organizations to help develop user interfaces for a potential digital euro, he said on Friday. The organizations include Amazon and the European Payments Initiative, a group of 31 banks and credit institutions.

European Union lawmakers have offers a new set of product rules to apply to smart devices that aims to force manufacturers of internet-connected hardware – such as “smart” washing machines or connected toys – to pay special attention to device security.

BeReal photo sharing app explores adding integrated payments for additional features to avoid Instagram-style advertising.

Amazon may have to twist its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following third-party comments on the matter.

A new multi-country consortium of European identity experts has confirmed a proposal to carry out a large-scale cross-border payments pilot project.

European privacy authorities have sent a letter asking the European Parliament and the Council to allocate more financial resources in next year’s budget or deal with a loss of credibility under EU data protection rules.


>> Recommended reading and listening

Big Deal: Inside Tesseract Energy’s plan to give (cheap) electricity to the people

Unicorns emerge proportionally faster pace in Europe than in the United States.

Top 3 post-covid European tech hubs.

The European Commission turns its gaze to the metaverse.

The European online fashion retail market is expected to grow by 50% by 2025. The online turnover of this market will reach 175 billion euroswhich is equivalent to 33% of the retail branch total.

UK fintech investment dives.

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