testsetset
This week, Tech.eu tracked 3 technology M&A transactions and 76 tech funding deals totaling about €507 million (about $591 million) in Europe, Turkey and Israel.
Here’s an overview of the 10 biggest European tech news items for this week:
1) French payments specialist Ingenico announced that it is to buy Stockholm-based rival Bambora from Nordic Capital for 1.5 billion euros.
2) UK-based fintech startup Receipt Bank, which creates accounting technology, has raised $50 million in a Series B financing round from the New York-based Insight Venture Partners.
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) Viber has acquired San Francisco startup Chatter Commerce, makers of the ShopChat keyboard, for an undisclosed amount.
4) Cyprian fintech startup Capital.com has raised $25 million from Larnabel Enterprises and VP Capital and launched its mobile trading app.
5) EU judges will have to decide whether Alphabet’s Google has to remove certain web search results globally to comply with a previous privacy ruling after France’s supreme administrative court referred the issue to the top EU court.
6) Russian private equity firm Finstar has announced plans to invest $150 million in fintech startups over the next five years. Finstar will invest between $500,000 and $30 million in three to six deals a year in seed and Series A rounds.
7) The Court of Justice of the European Union (ECJ) heard arguments on Wednesday over whether to allow a class action suit against Facebook, brought by Austrian privacy activist Max Schrems – and about 25,000 other users across the globe.
8) UK startup Graphcore, a machine intelligence company, has raised $30 million in a Series B funding round led by Atomico.
9) The London Stock Exchange Group has teamed up with IBM to build a blockchain-based platform to digitally issue private shares of small and medium enterprises in Italy.
10) FinLeap, the fintech venture hub, has raised €39 million led by financial services firm Signal Iduna, Japan’s SBI Group, NIBC Bank, and existing investor Hannover Re.
Bonus link: How music streaming service SoundCloud ended up on the brink of extinction (Business Insider)
This post originally appeared on Tech.eu.
You can subscribe to Tech.eu’s newsletter here.
