This Week In European Tech: Entrepreneur First Raises $158M, GoCardless Buys Nordigen, EU Agrees To Landmark Crypto Regulation, And More

This week, our research team tracked approximately 130 #EUtech financing agreements totaling more than 2,200 million eurosas much as a dozen mergers and acquisitions through Europe.

As always, we’ll put them all together for you in a list that will be sent out in our digest 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 some news for you: we are already preparing for the second edition of the Summit! Save the date: May 24 in Brussels. We have a super early bird offer that gives you 2 tickets for the price of 1.

Plus: All videos from last May’s Summit are available as a playlist on our YouTube channel. Enjoy them!

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


>> Notable and large funding rounds

Berlin-based fulfillment of Amazon aggregator Razor Group has confirmed to that it has secured an additional $400 million in funding, with BlackRock and Victory Park Capital increasing its existing credit facility, which now stands at $800 million. Dollars.

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

UK-based financial app Cleo has raised $80 million in funding to double down on 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.

Currently valued at over $2bn, London’s Zilch has announced that it has secured an additional $50m in a Series C extension round.

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

With the growing institutional involvement in digital assets, access to reliable, transparent market information and regulatory complaints has never been of greater importance. Betting big on the trend, Paris-based digital asset data provider Kaiko has raised $53 million in Series B funding.

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


>> Featured acquisitions, mergers, initial public offerings and SPAC deals

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

Carta acquired London-based Vauban, the UK’s de facto venture platform, having created more than 400 investment vehicles and managed more than $1 billion in capital invested in the platform.

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

Nottingham RegTech Ideagen has been sold for £1.1bn. The procuring compliance software giant has been acquired by London-based private equity firm Hg Pooled Management after 12 consecutive years of growth.

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

With €150m in funding in March, Parisian real estate ESG data intelligence platform Deepki has acquired its UK-based rival Fabriq.

Paris-based intensive technology training platform Le Wagon has acquired the Emil immersive online school.

GoDaddy is acquiring the Dutch domain name sales platform


>> Interesting investor moves

Four recognizable industry figures, Ian Hogarth, Khaled Heloui, Sten Tamkivi and Taavet Hinrikus, have established Plural, a fund whose LPs are made up exclusively of former founders and operators. As a combined force, with an initial launch of €250 million, Plural aims to support early-stage startups with ticket sizes ranging from €1 million to €10 million.

A large-scale London-based investor in early-stage founding talent Entrepreneur First has raised $158 million in a Series C funding round. The organization founded by Alice Bentinck and Matt Clifford is quick to point out that this is a financing round and not a fund. $100 million is earmarked for direct investment over the next three years, with the remaining funding to be used to provide a capacity to experiment, innovate and launch new products.

Earlybird Venture Capital, a specialist in development and growth stage financing from Berlin, 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 20+ year financial industry veteran Vincenzo Narciso.

Faber, the Lisbon-based venture capital firm, has announced that its climate action/blue economy fund has already surpassed its initial target of €30 million at first closing.


>> In other (important) news

The EU has moved to rein in the “wild west” of crypto assets by agreeing to an innovative set of rules for the sector. Representatives of the European parliament and EU states discussed an agreement on Thursday that contains measures to guard against abuse and market manipulation, as well as requiring crypto firms to provide details on the environmental impact of their assets.

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

EU states and lawmakers agreed on Thursday rules to curb state-backed foreign companies taking over EU companies with an annual turnover of 500 million euros, underlining a more protectionist approach against a potential takeover spree. Chinese.

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

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


>> Recommended reading and listening

June 2022 in European Tech: offers, unicorns and the great delivery of Ocado

The new Palo Alto? Europe’s venture capital scene is to warm while unicorns arise in the region

20VC: Accel’s Sonali De Rycker on creating a generation-defining venture company

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

“I saw firsthand how US tech giants seduced the EU and undermined democracy”

Fresh out of the oven, VC Zintinus food technology released a must-read report on the future of the food industry.

The surprising rebirth of East Germany

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

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

The European Union is working to renew its 5G rollout and has the largest Big Tech platforms in its sights to help cover the cost.

The influx of US capital: How did European technology become so fashionable?

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

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