This week, Tech.eu tracked 47 funding deals and 13 M&A transactions in Europe and Israel. Here’s an overview of the 10 biggest European tech news items for this week:
1) Another big week for fintech funding in Europe, with GoCardless (UK) raising $13 million, CurrencyFair (Ireland) scoring €8 million, insurtech company Friendsurance (Germany) securing $15 million, Kreditech (Germany) receiving €10 million in funding and London-based blockchain intelligence firm Elliptic closing a $5 million Series A round
2) Two major M&A deals involving UK-based companies, with enterprise software company Micro Focus buying Serena Software for $540 million and financial services firm Markit joining forces with IHS in a $13 billion ‘merger of equals’
3) Google was fined $112,000 on Thursday by France’s data protection watchdog for failing to comply with demands to extend a European privacy ruling across its global domains, including Google.com in the US
4) Apple, Google and Facebook published a long list of problems with the UK’s proposed ‘Snoopers’ Charter’
5) China’s Youzu has acquired German online and mobile games developer Bigpoint for (only) €80 million
6) Zalando has outlined its ‘platform strategy’ last week in Berlin and it’s well worth a thorough analysis
8) Cisco is going to pour millions into Berlin to turn the German capital into a smart city
9) Spotify has 30 million paid subscribers, CEO Daniel Ek announced
Bonus link: check out this slide deck: “Understanding VCs” by Boris Golden, a Principal at Partech Ventures
This post first appeared on Tech.eu.
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