Our team tracked about 40 tech funding deals worth nearly €550 million ($654.2 million), plus over 15 M&A transactions, rumors, and related news stories across Europe, including Russia, Israel, and Turkey.
Meanwhile, here’s an overview of the 10 biggest European tech news items for the week ( to get this roundup in your inbox every Monday morning):
1) E-commerce retailer that would value it at around 4.5 billion pounds ($5.95 billion), potentially the biggest listing of a British company since 2013.
2)-, an online grocery marketplace in the Middle East and North Africa. In a press release, the German company says the acquisition is another step in its “quest to pioneer q-commerce”, or quick commerce. Valued at $360 million, Instashop’s initial purchase price was about $270 million.
3) Auto1 Group, the German online used-car marketplace, is . The Berlin-based company was valued at about €2.9 billion when SoftBank’s Vision Fund invested in 2018.
4) Facebook’s French subsidiary , including a penalty, after a 10-year audit of its accounts by French tax authorities.
5) WorldRemit, a U.K. online money transfer company, has as the global pandemic intensifies demand for digital banking. The cash and stock deal is worth more than $500 million, and the combined company will be valued at more than $1.5 billion, according to Bloomberg sources.
6) U.K. challenger Atom Bank is in a shareholder injection – its largest equity raise to date.
7) Israeli open source database company at a company valuation of more than $1 billion. The financing round was co-led by Bain Capital Ventures and TCV.
8) BITKRAFT Ventures, a Berlin-based VC with offices in London, Los Angeles and San Francisco, for esports, gaming and interactive media. Cheques will go to seed and Series A rounds in startups that match the firm’s trademarked investment vision of ‘Synthetic Realities’, where the physical and digital worlds converge and consumers flock for entertainment or play.
9) Napster, the pioneering digital music brand from way back when, is changing hands once more. A publicly-listed U.K. startup called MelodyVR, which creates immersive live music experiences that you watch either through VR headsets or phones, announced that — for $70 million.
10) Checkout lender Klarna has seen “significant changes” over the past six months, with the huge shift from offline to online spending bolstering its pay-later model. The result was in the first half of 2020, with a resulting net operating income up 36 percent to $517 million. Net losses grew to $63.1 million.
Podcast(s):
: German startups against Google, funding for Omio and Voodoo, and we talk to Elizabeth Varley about TechHub
Bonus link(s):
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.


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