Klarna buys Pricerunner, Vertical Aerospace takes € 177m, Allegro buys Mall Group, and more – Tech.eu



Happy friday!

This week, the Tech.eu research team followed more than 100 technology funding agreements Higher value 850 million euros, and more 20 exits, M&A deals and rumors, and related reporting from across Europe, including Russia and Turkey.

As always, we put them all together for you in a handy list sent in our summary newsletter (note: the full list is for paying customers only).

Here’s a look at some of the biggest European tech news from last week (sign up for our free newsletter to get this summary delivered to your inbox every Monday morning).

This week:

1) Swedish payment company Klarna has acquired Pricerunner, a digital company based in Stockholm, Sweden, which operates a retail price comparison platform. According to official releases, one of the company’s owners, Creades, sells its entire 12% stake for around $ 123 million, which means a total company valuation for Pricerunner of around $ 1. billion dollars.

2) Allegro has acquired one of the largest e-commerce platforms in the EEC region: 100% of Mall Group and WE | DO actions for a total of 881 million euros.

3) Vertical Aerospace, a Bristol, UK-based electric aviation pioneer, has announced that it has secured around 177 million euros in additional funding to support the certification and large-scale production of the VA-X4 vertical take-off and landing electric aircraft (eVTOL).

4) With the release of its third quarter 2021 financial results, we now know how much ABB paid to acquire ASTI Mobile Robotics. ABB spent $ 190 million to acquire the Spanish developer of autonomous mobile robots.

5) Spain has adopted a European Union copyright directive which allows third-party online news platforms to negotiate directly with content providers, the government said on Tuesday, paving the way for Google News to return to the country.

6) Moonfare, the Berlin-based digital private equity investment platform for individual investors, raised $ 125 million in Series C funding, led by New York-based Insight Partners.

7) MotorK, an Italian software company that helps car dealerships manage their digital presence, as well as sales and marketing, raised 75 million euros in an IPO this week, selling a 36.4% stake in the company.

8) Land Securities Group based in London acquired a majority stake in MediaCity, a media, digital and technology hub in Salford, Greater Manchester, which has a gross value of around £ 570million.

9) Permutive of London has raised $ 75 million in a Series C round. The eight-year-old company specializes in providing publishers and advertisers with an on-device solution that reaches end users in a secure manner. for privacy, while retaining their first party data.

ten) Announced at COP 26, the Scottish agritech startup Intelligent Growth Solutions (IGS) closed its Series B funding round at £ 42.2million.


🎧 Over 40,000 people came to Lisbon this week – a conversation with Paddy Cosgrave, co-founder and CEO of Web Summit

The legal aspect of entrepreneurship – with Karola Kassai, KassaiLaw

Bonus links:

– Proposal for a European regulation that could oblige Apple to allow iPhone users to install software from the web would open “Pandora’s box” and could pose a threat to entire computer networks, Apple Software senior vice president Craig Federighi said in a speech on Wednesday.

– An in-depth look at the current list of unicorn companies in UK, the investors and accelerators who supported them, and the founders who drive them forward.

РThe French Secretary of State for Digital, C̩dric O, presented Tuesday, November 2 a plan to support the French and European cloud sector with 1.8 billion euros over four years.

– The EIT Community Booster seeks to support tech startups that make the European Green Deal a reality.

– Revolut is recruiting a technical manager for build a crypto exchange.

– Sber, the Russian finance and digital giant, is preparing for open an R&D center in Berlin – its first in Western Europe.

– SAP is transitioning its fleet of 27,000 company cars to emission-free cars, and from 2025 will no longer allow the ordering of vehicles with combustion engines.


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