This week, Tech.eu tracked 18 technology M&A transactions and 60 funding deals (totalling €263 million) in Europe and Israel.
Here’s an overview of the 10 biggest European tech news items for this week:
1) Spanish bank BBVA acquired Finnish FinTech startup Holvi for an undisclosed sum. Holvi’s co-founder Kristoffer Lawson wrote a small post explaining the deal. The company had raised about €2 million from Speedinvest and Seedcamp, among others.
2) Also in the FinTech space, UK’s (and BBVA-backed) Atom Bank made its first acquisition, Grasp, a design and development studio focused on the financial services industry.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
3) Intel went shopping in Israel, acquiring Replay Technologies for reportedly $175 million. The 3D video technology company had previously raised €27.7 million.
4) This week there were at least 6 funding rounds in Europe and Israel worth north of €10 million: AlphaSense (Finland, $33 million), EZBob (UK, £20 million), Staff Finder (Switzerland, €20 million), Property Partner (UK, £15.9 million), Marley Spoon (€15 million, Germany) and Delair-Tech (France, €13 million).
5) Finnish gaming powerhouse Supercell hit 100 million DAUs and announced revenue of €2.1 billion and EBITDA of €838 million for 2015.
6) Cristina Stenbeck announced that she is stepping down as chairman of Sweden-based investment company Kinnevik.
7) Spotify launched a new nifty product (Fresh Finds playlists). Rumours about a possible IPO from the music streaming giant continue propping up.
8) SoundCloud appointed US media veteran Alison Moore as its new chief revenue officer.
9) Truecaller app gets a dialer and new smarts as the company phases out standalone Truedialer app and reaches 250 million users.
10) UK’s Entrepreneur First wants to raise a £40 million fund to invest in companies emerging from its startup factory
Bonus link: Artificial intelligence brings its brains and money to London
You can subscribe to Tech.eu’s newsletter here.
The post appeared first on Tech.eu.
