This week in European tech: Beqom gets $300m, Germany gives birth to choco-corn, Bosch buys Five, NATO plans for billion-euro venture capital fund, and more
This week, the Tech.eu research team followed 75 technology financing agreements value more than 1.4 billion eurosand more than 20 outputsM&A transactions and rumors 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 recently announced a whole host of confirmed speakers for our upcoming Tech.eu Summit on May 17 in Brussels. Find out more information here and get your tickets now!
From EU Commissioner Mariya Gabriel to world record racing driver Zara Rutherford, Belgian Prime Minister Alexander De Croo, (Transfer)Wise co-founder and CEO Kristo Käärmann, unicorn CEOs and builders from Bunq, Veriff, Scandit , GoStudent, Deliverect, Solarisbank, Sorare, Voi and investors from Index Ventures, Molten, Lakestar, Speedinvest, Localglobe, Blossom Capital, eFounders and many more – we look forward to meeting them and meeting you in person!
Below is an overview of the main European tech news from the past few days (subscribe to our free newsletter to receive this summary in your inbox every Monday morning).
>> Notable and important funding rounds
Swiss compensation management software beqom has secured $300 million in a private equity round through Sumeru Equity Partners.
Making a splash on the German solar mafia scene, we have a new horse in the running with Hamburg-based 1Komma5° securing €200m in a new funding round.
A Brussels-based provider of data and analytics for commodity traders, Kpler received $220 million in equity funding. The round was led by Five Arrows and Insight Partners.
UK-based Capital on Tap secured a $200 million funding facility with HSBC and Värde Partners to support their continued growth in the US.
Bringing financial wellbeing to frontline workers is providing $175 million for London-based financial wellbeing app Wagestream.
Berlin-based food supply chain management platform Choco raised $111m in a Series B2 funding round at a $1.2bn valuation.
London-based digital finance platform Stenn has raised $50m in equity from US investor Centerbridge to reach a valuation of $900m.
London-based startup IMMO has raised $75m in funding as it uses a technology and data-driven approach to create scalable residential exposure for investors.
Revenue-based finance startup re:cap said it had welcomed Mubadala Capital on board as a new investor as it announced the closing of its extended funding round at $115 million.
>> Notable SPAC acquisitions, mergers, IPOs and transactions
Seeking to further fuel its software development for automated driving solutions, Bosch has announced the acquisition of Cambridge-based self-driving software maker Five.
Berlin-based co-living company Habyt has announced its merger with Asia-Pacific player Hmlet to consolidate its global position in the booming co-living market. Following the merger, the new group will manage more than 8,000 units worldwide and support 15,000 tenants each year.
With more than 2,500 deals worldwide worth a total of $324 billion, tech-related M&A deals were by far the most active sector in 2022. Alantra Bank acquired a minority stake in the French store Avolta Partners.
A content experience platform powering billions of personalized web interactions has acquired London-based Bibblio.
Moving closer to better predicting human behavior, Danish applied neuroscience company Neurons has acquired two of its competitors, VisualEyes and Loceye in Greece.
>> Interesting investor moves
Dublin-based venture capital firm Delta Partners has announced the launch of a €70 million fund to target seed and early-stage startups.
Atomico has announced the first 8 Angels for its 2022 “Angel Programme”.
A new support program for innovative Greek startups is set up by the Hellenic Development Bank of Investments; 100 million euros will be invested via the “InnovateNow” program in new venture capital investment funds.
BNP Paribas has made its first investment in a fintech venture capital fund managed by Anthemis.
>> In other (important) news
As Russia wages war on Ukraine, NATO has drawn up plans for a network of technology accelerators and test labs, coupled with a billion-euro venture capital fund.
PhotonDelta, based in Eindhoven, the Netherlands, has conditionally received* an investment of 1.1 billion euros which aims to create some 200 start-ups, increase production, continue infrastructure development and create new ways and methods of using photonic chip technologies.
Backed by Amazon Web Services (AWS), Google and DeepMind, SiteGround, and $100 million from the Bulgarian government, a new institute will open in Sofia, Bulgaria in September to advance artificial intelligence (AI) and technology. advanced computing. in the broad sense through open research.
Apple faces an additional antitrust charge from the EU in the coming weeks as part of an investigation triggered by a complaint from Spotify.
The European Research Council (ERC) has asked successful UK-based applicants to move to an EU institution within the next two months or risk forgoing their grants.
Banking Circle, a UK-based fintech startup, is in talks with investors to raise around $3 billion.
The telecom equipment manufacturer Nokia is withdrawing from the Russian market.
>> Recommended reading and listening
Since their country invaded Ukraine, Russian tech workers have left by the thousands.
Why does Germany have such a hot solar startup scene?
The London IPO market has fallen – here’s why.
Lifting the veil on the agenda: what we will be deepening at the Tech.eu summit.
How Embracer Became Europe’s Largest Gaming Group.
Ahead of the Tech.eu Summit, the CEO of the deeptech venture capital program Conception X Riam Kanso explains why PhD students are perfectly placed to become founders of startups.
Regulation is the only way to make online platforms work for society, says MEP.
Berlin-based collaborative deck builder Pitch has launched a new analysis tool that means “no more blindly sending your deck in and wondering how it landed.”