This week in European tech: Revolut’s $ 33 billion valuation, Permira’s € 1.9 billion bet on Adevinta, HomeToGo’s SPAC deal


Happy friday!

This week, our research team tracked more than 120 funding deals worth over 4.8 billion euros and more than 10 exit deals across Europe, including Russia, Israel and the United States. 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).

Recently, we have also started publishing “Today in European Technology”, a daily summary of offers and news that caught our attention. Keeping you up to date with all things European technology is our priority!

Today, instead of a daily rundown, we’re giving you an overview of the 10 biggest European tech news from the past week (sign up for our free newsletter to get this rundown delivered to your inbox every Monday morning) .

1) Revolut targets stars with a valuation of $ 33 billion to boot

British FinTech Revolut raised $ 800 million in a new round of funding led by SoftBank and Tiger Global. Revolut, which offers banking and trading services through an app, is now valued at $ 33 billion.

2) eBay sells most of its shares in Adevinta in Permira

The Power of Private Equity Permira has announced a strategic investment in Norway’s online classifieds juggernaut Adevinta, by buying around 125 million shares of the company from eBay – or 10.2% of the capital – for a total price of 1.9 billion euros.

3) PSPC deal brings HomeToGo valuation to over $ 1 billion

HomeToGo, a travel technology startup Focused on comparison of vacation rental prices for consumers and software for property managers, announced its plan to merge with blank check company Lakestar SPAC I, via regulatory filing in Germany. The planned $ 1.41 billion deal, including debt, would give Berlin-based HomeToGo an enterprise value of $ 1.01 billion.

4) CarNext launches with 400 million euros in cash costs

Amsterdam-based CarNext, an online B2C and B2B used car marketplace, announced its exit from LeasePlan with € 400 million in new financing.

5) Nordic fintech star Lunar signs € 210m funding deal

Danish bank digital challenger Lunar raised € 210 million in a Series D funding round led by family-owned investment firm Heartland, alongside European growth investor Kinnevik and Chinese tech giant Tencent.

6) Cyber ​​Security Firm Cybereason Scores $ 275 Million To Drive Growth

Israeli cybersecurity company Cybereason raised $ 275 million in a funding round led by Steve Mnuchin’s new Liberty Strategic Capital fund.

7) Quantexa Almost A Unicorn Following $ 153 Million Fundraiser

London-based financial crime fighter Quantexa just raised $ 153 million in Series D funding provided by Warburg Pincus and an undisclosed blue chip investor award.

8) European tech company RH Remote secures $ 150 million funding round

Remote HR Tech platform raised $ 150 million in a Series B round led by Accel with participation from existing investors including Sequoia, Index Ventures, Two Sigma, General Catalyst and Day One Ventures. If that list of contributors wasn’t impressive enough, to date Remote has achieved unicorn status with a valuation of over $ 1 billion.

9) British fintech scale-up Tide raises more than $ 100 million

UK business banking platform Tide has raised over $ 100 million in Series C funding at a valuation of $ 650 million. The round was led by Apax Digital, the Growth Equity team of Apax Partners.

10) UK mortgage lender LendInvest (quietly) went public

Actions of UK based non-bank mortgage lender LendInvest rose as much as 10% at the start of trading on Wednesday as the company began trading on the London Stock Exchanges Junior AIM, implying a market cap of £ 281.7million.


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Bonus link (s):

– France’s antitrust watchdog fined Google 500 million euros for failing to comply with the regulator’s orders on how to conduct discussions with the country’s news editors in a row about copyright.

– Venture capital financing for startups in Europe totaled an unprecedented $ 59 billion in the first half of 2021, the Crunchbase data is displayed.

– Google will seek to cancel a record fine of 4.34 billion euros in the EU during a five-day hearing in September before Europe’s second-highest court, people familiar with the matter told Reuters.

– The head of the German competition watchdog has criticized the draft EU technical regulation, claiming that they are too “narrow” and risk failing to detect future anti-competitive behavior from companies such as Google and Facebook.

Israeli tech shows no signs of slowing down, showing a sharp increase in capital raising in the second quarter of 2021, according to data released by the IVC Research Center and law firm Meitar.

Insurtech in Europe – H1 2021 review: 1.7 billion euros were invested in 52 transactions, more than in 2019 and 2020 combined.

– The European Central Bank has announced that it is starting to work for create a digital currency in euros as more and more consumers give up cash.

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