This Week in European Tech: Entrepreneur First Raises $158M, GoCardless Acquires Nordigen, EU Agrees on Landmark Crypto Regulation, and More

This week, our research team tracked approximately 130 #EUtech funding agreements totaling more than 2.2 billion eurosas good as a dozen mergers and acquisitions through 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 the date: May 24 in Brussels. We have an ongoing super early bird offer that allows you to get 2 tickets for the price of one.

Also: we have made all the videos from last May’s summit available as a playlist on our YouTube channel – enjoy!

Without further ado, below is an overview of the top European tech news from the past few days (subscribe to our free newsletter to get this roundup delivered to your inbox).


>> Notable and important funding rounds

Berlin-based execution by aggregator Amazon Razor Group has confirmed to that it has secured an additional $400 million in funding, with BlackRock and Victory Park Capital increasing their existing debt facility, which now totals $800 million. of dollars.

Electra, a French company specializing in fast charging for electric vehicles, has closed a fundraising of 160 million euros led by Eurazeo.

UK financial app Cleo has raised $80 million in funding to double the US market and help Gen Z audiences improve their financial health and well-being.

Cambridge-based speech recognition technology startup Speechmatics has raised $62 million in Series B funding to support the growth and development of its speech recognition engine.

With a current valuation of over $2 billion, London’s Zilch announced that it has secured an additional $50 million in a Series C expansion round.

Cambridge-based tools provider for Salesforce software, Gearset has raised $55 million in funding from Boston-based growth capital firm Silversmith Capital Partners.

With the growing involvement of institutions in digital assets, access to reliable, transparent, and regulatory complaint market information has never been more important. Betting big on the trend, Paris-based digital asset data provider Kaiko raised $53m in Series B funding.

Norwegian content management platform Sanity has received a strategic investment and signed a deal with e-commerce startup Shopify.


>> Notable SPAC acquisitions, mergers, IPOs and transactions

London-based fintech unicorn GoCardless has acquired Nordigen, makers of the API that provides PSD2 data connections to all major European banks.

Map acquired London-based Vauban, the UK’s de facto venture capital platform, having created over 400 investment vehicles and managed over $1 billion of invested capital on the platform.

Siemens is purchase US technology company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group announced on Monday.

Nottingham RegTech Ideagen was sold for £1.1 billion. The acquisitive compliance software giant has been taken over by London-based private equity firm Hg Pooled Management after 12 consecutive years of growth.

Betting big on growing demand for an improved cross-border experience, financial services platform iBanFirst has acquired London-based currency exchange provider Cornhill.

With funding of 150 million euros in March, the Parisian ESG data intelligence platform for the real estate sector Deepki acquired its British rival Fabriq.

The Parisian intensive tech training platform Le Wagon has acquired the online and immersive school Emil.

Godaddy is to acquire Dutch platform for selling domain names.


>> Interesting investor moves

Four well-known industry figures Ian Hogarth, Khaled Heloui, Sten Tamkivi and Taavet Hinrikus created Plural, a fund whose LPs are made up exclusively of former founders and operators. As a combined force, launched with an initial amount of €250 million, Plural aims to support early stage startups with ticket sizes between €1 and €10 million.

The London-based large-scale investor in early career founding talent, Entrepreneur First, raised $158m in a Series C funding round. The organization founded by Alice Bentinck and Matt Clifford is quick to point out that this is a funding round, not a fund. $100 million is for direct investment over the next three years, with the remaining funds to be used to provide capacity for experimentation, innovation and new product launches.

Earlybird Venture Capital, a Berlin-based development and growth-stage finance specialist, has appointed three new partners to its Digital West team. Two promotions come from within, Dr. Andre Retterath and Paul Klemm, who are joined by Vincenzo Narciso, a veteran of the financial sector for more than 20 years.

Lisbon-based venture capital firm Faber has announced that its blue economy and climate action fund has already exceeded its initial target of €30 million in the first closing.


>> In other (important) news

The EU has moved to mastering the “wild west” of crypto assets by agreeing a groundbreaking set of rules for the industry. On Thursday, representatives of the European Parliament and EU states drafted an agreement containing measures to guard against market abuse and manipulation, as well as requiring crypto firms to provide details of environmental impact. of their assets.

The UK financial regulator is investigating the co-founder of payment company Wise after he failed to pay his taxes. Kristo Käärmann was placed on HM Revenue and Customs’ public list of willful tax defaulters in September 2021, after failing to comply with his tax obligations.

States and EU lawmakers on Thursday agreed on rules for put a brake on foreign state-backed companies acquiring EU firms with an annual turnover of €500 million, underscoring a more protectionist approach against a potential Chinese buying spree.

Coinbase is seeking licenses with various countries in Europe as part of aggressive expansion in the region.

Google is facing an antitrust complaint on Monday by its Danish online job search competitor, Jobindex, which told European Union regulators that the Alphabet-owned company had allegedly unfairly favored its own job search service.


>> Recommended reading and listening

June 2022 in European Tech: deals, unicorns and big Ocado delivery

The new Palo Alto? The European VC scene is heat as unicorns sweep through the area

20VC: Accel’s Sonali De Rycker on building a generational venture capital firm

25 French unicorns, 25 French unicorns, do i hear 100?

“I saw firsthand how America’s tech giants seduced the EU and undermined democracy”

Fresh out of the oven, food tech specialist VC Zintinus has released a must-read report on the future of the food business

The surprising revival of East Germany

Is the fintech unicorn party in the UK over or just take a break?

Europe has a new plan for innovation ecosystems; most will struggle

The European Union is working to revamp its struggling 5G rollout and has the biggest Big Tech platforms in its sights to help cover costs.

The influx of American capital: how did European technology get so hot?

“Fintech is dead”: A interview with Railsr CEO Nigel Verdon