This week, the first one of 2023, our research team tracked 35 tech funding deals worth over €269 million, and over 15 exits, M&A transactions, rumours, and related news stories across Europe.
As always, we are putting all weekly deals together for you in a list sent in our round-up newsletter (note: the full list is for paying customers only, and also comes in the form of a handy downloadable spreadsheet).
And don’t forget: we’re busy prepping for the next Tech.eu Summit, it’s gonna be epic!
Still on the fence? Check out our first 25 confirmed speakers!
If you haven’t seen them yet, we’ve made all the videos from the Tech.eu Summit last May available as a playlist on our YouTube channel – enjoy!
With that said, let’s get down to business with the biggest European tech news items for the past couple of days (subscribe to our free newsletter to get this round-up in your inbox).
>> Notable and big funding rounds
>> Noteworthy acquisitions, mergers, IPOs and SPAC deals
Meta has acquired the Belgian-Dutch company Luxexcel, a 3D printing firm creating complex glass lenses for use in AR optics.
WNS, a provider of global Business Process Management solutions, acquired The Smart Cube, a London, UK-based provider of platform-driven research and analytics focused on procurement and supply chain.Consideration for the transaction is $125 million.
WNS has also acquired OptiBuy, a Warsaw, Poland-based provider of procurement platform consulting and implementation solutions for €30 million.
Battery Ventures has acquired Avrios, a cloud-based, fleet management platform is used by more than 1,000 customers with around 120,000 vehicles.
Airbus has started exploratory talks to take a minority share in the Evidian cybersecurity unit of IT consultancy group Atos.
London-based Trouva has been acquired again, this time with ownership changes hands from Next via its acquisition of MADE to Cambridge-based startup Re:store. Terms of the deal remain undisclosed.
Vybe, the French challenger bank catered to teenagers, has been picked up by London’s Twig, self-described “bank of things”
Boston-based listed company Duck Creek Technologies has acquired Swiss payments platform Imburse Payments for an undisclosed figure.
>> Interesting moves from investors
In 2022, Euronext says it welcomed 83 new equity listings – half of which were carried out by tech companies – representing an aggregated market capitalisation at listing of €23 billion, and raising €3.8 billion.
The British Business Bank is preparing to launch a £150 million investment fund in the summer to support the growth of Scottish SMEs.
25 new VC funds launched in Central and Eastern Europe in 2022
>> In other (important) news
Facebook parent company Meta was slapped with a pair of fines totalling more than $400 million as the Irish privacy regulator concluded the company’s advertising and data handling practices were in breach of EU privacy laws.
France’s data protection authority CNIL has fined Apple €8 million for privacy violations.
Italian energy group Eni has set up a new company dedicated to sustainable transport, which would develop bio-refining, biomethane and offer mobility products and services in Italy and abroad.
Zodia Custody, the crypto asset servicing joint venture between Standard Chartered and Northern Trust, has appointed former Bitstamp chief and Starling bank co-founder Julian Sawyer as its new CEO.
The Central Bank of the Republic of Türkiye has run its first test transactions on the digital Turkish Lira CBDC network.
>> Recommended reads and listens
This Year in European Tech: 2022 in review (and in charts)
An economic downturn triggered by rising interest rates and the war in Ukraine has changed the mood music around the European tech sector. Academics from London Business School’s Institute of Entrepreneurship and Private Capital shared their views on how 2023 will go with Tech.eu.
Avolta, one of the most active tech M&A advisors in Europe, has published an interesting report on VC and M&A trends in France.
Why increasing early-stage investment limits will turbocharge UK startups
Down but not out: With the tech industry in retreat, are down rounds on the cards for Irish start-ups?
Following a year of growing momentum, the UK space tech industry is on course for a blockbuster 2023 that will see the first vertical rocket launch from British soil.
The UK’s answer to ChatGPT? 4 British generative AI startups to watch
What’s in store for European fintech in 2023?
The UK’s public-access charging network for refuelling electronic vehicles grew by around 30% last year, reaching a total of 37,000 by the end of 2022.
Let food be thy medicine: charting the success of nutrition startup ZOE
Unlocking the Potential of Greece: A New Hub for Cyber Security Companies