These were the 10 biggest European tech stories this week
This week, Tech.eu tracked 18 technology M&A transactions and 60 funding deals (totalling €263 million) in Europe and Israel.
Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, government and policy news, as well as an overview of interesting lists, facts and figures from a wide variety of sources. You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:
1) Spanish bank BBVA acquired Finnish FinTech startup Holvi for an undisclosed sum. Holvi’s co-founder Kristoffer Lawson wrote a small post explaining the deal. The company had raised about €2 million from Speedinvest and Seedcamp, among others.
2) Also in the FinTech space, UK’s (and BBVA-backed) Atom Bank made its first acquisition, Grasp, a design and development studio focused on the financial services industry.
3) Intel went shopping in Israel, acquiring Replay Technologies for reportedly $ 175 million. The 3D video technology company had previously raised €27.7 million.
4) This week there were at least 6 funding rounds in Europe and Israel worth north of €10 million: AlphaSense (Finland, $ 33 million), EZBob (UK, £20 million), Staff Finder (Switzerland, €20 million), Property Partner (UK, £15.9 million), Marley Spoon (€15 million, Germany) and Delair-Tech (France, €13 million).
5) Finnish gaming powerhouse Supercell hit 100 million DAUs and announced revenue of €2.1 billion and EBITDA of €838 million for 2015.
6) Cristina Stenbeck announced that she is stepping down as chairman of Sweden-based investment company Kinnevik.
7) Spotify launched a new nifty product (Fresh Finds playlists). Rumours about a possible IPO from the music streaming giant continue propping up.
8) SoundCloud appointed US media veteran Alison Moore as its new chief revenue officer.
9) Truecaller app gets a dialer and new smarts as the company phases out standalone Truedialer app and reaches 250 million users.
10) UK’s Entrepreneur First wants to raise a £40 million fund to invest in companies emerging from its startup factory
Bonus link: Artificial intelligence brings its brains and money to London
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