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These were the 10 biggest European tech stories this week

Euros - Funding in Europe European currencies


This week, Tech.eu tracked 23 technology M&A transactions, one IPO and 62 tech funding deals (totalling €255 million, not counting the £2.4 billion pumped into London-based data centre operator Global Switch by Chinese investors) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Nokia said on Wednesday it had filed a number of lawsuits against Apple for violating 32 patents.

2) Russian carrier Megafon is acquiring a majority stake of 63.8% in Mail.ru for £602.21 million (about $ 738 million).

3) The European Commission Monday released the non-confidential details behind its ruling in August that Ireland gave illegal tax benefits to Apple worth up to €13 billion.

4) German meal delivery startup HelloFresh, a Rocket Internet company, has raised €85 million from a new unnamed investor along with previous investor Baillie Gifford.

5) Japanese electronics giant Panasonic is to acquire a majority stake in Belgian supply chain and mobility solutions company Zetes for €149.6 million.

6) Israeli startup Lumus, a developer of wearable augmented reality (AR) displays, has closed a $ 45 million Series C round.

7) Global Switch, a London-based data centre company, has sold a 49% stake to a consortium of Chinese investors for £2.4 billion.

8) BMW has partnered with IBM to add Watson’s cognitive computing capabilities to its cars as it plans a campus for autonomous driving near Munich.

9) Rightware, an automotive software company from Finland, has been acquired by Chinese firm Thundersoft for €64 million.

10) French book publisher Hachette Livre has acquired a majority stake in UK mobile app developers Brainbow, makers of Peak.

Bonus link: Inside Facebook’s Berlin-based team in charge of policing content on the social network

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These were the 10 biggest European tech stories this week

Europe


Happy Friday! This week, Tech.eu tracked 9 technology M&A transactions, one IPO and 46 tech funding deals (totaling €158 million, about $ 167 million) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) US-based GoDaddy, a domain name and hosting provider, said on Tuesday it would buy its European rival Host Europe Group (HEG) for €1.69 billion, including debt.

2) Europe’s largest carmaker, Volkswagen, has launched a new digital business division called MOIA to take on services such as Uber, shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.

3) In related news, BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms … like Uber.

4) German hotel booking site Trivago updated its plans for a US IPO in a filing that came out on Monday. The company expects to price its shares between $ 13 to $ 15, a $ 428 million offering at the top end of the range.

5) Germany’s Lilium Aviation, a startup that develops lightweight, electric planes, has raised a €10 million Series A funding round from Atomico. The investment will help to commercialize the Lilium Jet, which is a lightweight commuter aircraft that can take off and land vertically.

6) US tech giants like Facebook, Twitter, YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission has said.

7) Facebook has secured an e-money license in Ireland, paving the way for Messenger payments in Europe.

8) VC firm Partech Ventures has closed its newest €100 million seed fund, Partech Entrepreneur II, to invest in 80 European and US startups at seed stages.

9) eFounders has raised €5 million from 40 investors to help build eight new startups at its two startup studios in Brussels and Paris over the next two years.

10) Germany-based fintech startup N26 is expanding its business to 17 European countries, opening new locations in Spain, Italy, Greece, Ireland, and Slovakia.

Bonus link: Balderton profiled almost 15,000 employees in over 1,000 venture-backed companies in Europe, and produced a report on the ‘European Talent Landscape’ (highly recommended read)

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These were the 10 biggest European tech stories this week

European currencies


Happy Friday Saturday! This week, Tech.eu tracked 5 technology M&A transactions, one IPO and 63 tech funding deals (totalling €125.5 million) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Skyscanner has been acquired for £1.4 billion by Chinese online travel company Ctrip (mostly in cash). The Edinburgh-based flight meta search company will continue to operate independently.

2) Facebook will hire an extra 500 workers in the UK when it opens a new headquarters in London, increasing its British workforce by half.

3) Microsoft is set to gain EU approval for its $ 26 billion buy of professional social network LinkedIn with tweaks to concessions aimed at addressing competition concerns, sources told Reuters.

4) France-based Wynd has secured €30 million from Sodexo Ventures, Orange Digital Ventures, Bpifrance and others to take its point-of-sale solution to international markets.

5) PM Theresa May to announce £2 billion annual fund to boost UK tech and science.

6) Paris-based Agricool has raised $ 4.3 million to harvest fruits and vegetables in shipping containers.

7) German interactive music TV channel tape.tv has filed for insolvency.

8) Paris, France-based investment firm Idinvest Partners has held the initial closing of its second capital growth fund at €250 million.

9) Monsanto has agreed to acquire VitalFields, an Estonian farm management software company, for an undisclosed amount.

10) Latvia has passed a new ‘innovation and startup tax law’ to double venture capital in the country.

Bonus link: Europe’s software industry brings a total value-added GDP of €910 billion to the EU’s economy, whether direct, indirect, or induced, according to a report from BSA, The Software Alliance.

This post originally appeared on Tech.eu.

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These were the 10 biggest European tech stories this week

europe european union flags


This week, Tech.eu tracked 12 technology M&A transactions, one IPO and 86 funding deals (totaling €280 million, about $ 307 million) in Europe, Turkey and Israel.Here’s an overview of the 10 biggest European tech news items for this week:

1) Cork, Ireland-based tech startup InfiniLED has been acquired by the Facebook-owned virtual reality company Oculus.

2) Rocket Internet-backed Wimdu is merging with its competitor, accommodation booking platform 9flats, in hopes to rival Airbnb in Europe.

3) Daniel Ek has replaced Spotify co-founder Martin Lorentzon to become both Chairman and CEO – which means Spotify likely won’t IPO in Sweden.

4) France has adopted a ‘Digital Republic Act’, which includes changes to laws surrounding net neutrality, data portability, video games, and copyright.

5) Navya, a Lyon, France-based company that builds electric, self-driving shuttles for use in urban areas, airports, amusement parks and whatnot, has raised €30 million.

6) Swedish media group MTG has invested in Hamburg-based online game developer, InnoGames,acquiring a 35% stake in the company at a €260 million valuation.

7) Estonian Funderbeam, a blockchain-based startup for trading in growth companies, has raised $ 2.6 million from Draper Associates, Thomson Reuters, and IQ Capital.

8) Founders Factory, the London-based accelerator/incubator founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle, have partnered with and received a ‘multimillion pound’ investment from Chinese private equity holding CSC Group.

9) Uber will offer takeaway meal delivery services in Berlin in 2017 using bicycle courier services.

10) The crisis at Ericsson deepened on Wednesday when the world’s biggest maker of mobile network equipment reported a 94% plunge in quarterly operating profit and tumbling sales.

Bonus link: Early-stage investment firm Seedcamp is having a stellar year so far, which prompted it topublicly share (excellent) performance data for its first fund, which it raised all the way back in 2007.

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These were the 10 biggest European tech stories this week

europe european union flags


This week, Tech.eu tracked 12 technology M&A transactions, one IPO, and 86 funding deals, totaling €199 million (about $ 224 million), in Europe, Turkey, and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Dutch food delivery company Takeaway.com went public on Euronext Amsterdam today. Its shares were priced at €23 in its IPO, giving it a market cap of around €1 billion upon opening.

2) Spotify had quite a lot of news to announce this week, like its introduction of Daily Mix, its launch in Japan, and a new board member (Netflix’s content boss). But the biggest news came from the FT, which reported that Spotify is close to buying Berlin’s SoundCloud.

3) Qualcomm is reportedly in talks to acquire The Netherlands-based NXP Semiconductors, a deal that likely would cost more than $ 30 billion and accelerate a consolidation rush in the semiconductor industry.

4) German enterprise software giant SAP has earmarked $ 2.2 billion for the expansion of its Internet of Things portfolio. As part of that overall effort, SAP also says it is acquiring Italian IoT firm Plat.One and Norwegian analytics software maker Fedem Technology.

5) Salesforce urges EU to probe Microsoft, LinkedIn for antitrust issues.

6) This week saw the creation of Europe’s first Automotive-Telecom Alliance. The Alliance includes six leading sectorial associations, as well as 37 companies, including telecom operators, vendors, automobile manufacturers, and suppliers for both cars and trucks. Its main goal is to promote the wider deployment of connected and automated driving in Europe.

7) Apple’s new UK HQ will be in London’s iconic Battersea Power Station.

8) Renault’s carmaking alliance with Nissan is partnering with Microsoft to develop cloud-based services for cars, a step toward the group’s plans to build self-driving automobiles by 2020.

9) German fintech pioneer Smava has raised a $ 34 million round.

10) France’s Lydia raised €7 million for its peer-to-peer payment service.

Bonus link: Map shows VCs invested €23.8 billion in European startups since 2014.

This post originally appeared on Tech.eu

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These were the 10 biggest European tech stories this week

Flags of the United Kingdom and European Union


(Tech.eu) – Happy Friday! Here’s an overview of the 10 biggest European tech news items for this week:

1) Big exit in European tech: Antivirus software company AVG Technologies was acquired by rival Avast Software for $ 1.3 billion.

2) The Privacy Shield agreement between the U.S. and Europe that will regulate data transfer between both regions has been signed off on by member states of the EU, and could come into effect very soon.

3) U.K.-based security startup Darktrace and Germany’s Brillen.de raised the two largest rounds of funding in Europe for the week, at $ 65 million and $ 49 million, respectively.

4) Swedish payments company iZettle announced revenue growth of 81 percent last year, but its operating loss widened because of heavy spending to attract customers.

5) Also on the payments front, Stripe launched its “Connect” product in the U.K., Ireland, and several Nordic countries to help startups receive payments from any country where Stripe is live.

6) Reactions to Brexit continue, as technology giants like Facebook say that their opinion should be taken into consideration in Brexit talks. Will Emerald City be the new startup hub in Europe?

7) One of the bigger worries of U.K.-based technology companies has to do with access to talent, and London tech heavyweights call for European talent to remain in the capital following Brexit vote.

8) French automotive giant PSA Groupe is to launch a €100 million venture capital initiative.

9) Remember the EU’s cookie law? The tech industry gangs up on the European Commission, calls for cookie law to be scrapped.

10) The EU this week proposed stricter rules on Bitcoin and prepaid cards as part of efforts to fight terrorism. Ars Technica is worried that this could undermine fundamental rights.

Bonus link(s): A German political party explained why it drove a van around London encouraging startups to move to Berlin.

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Stats of the Week: Pinterest’s expanding ecommerce efforts

Pinterest added several ecommerce features this past week. Here are six figures highlighting its increasing prowess as an advertising platform.

Pinterest, once seen as “where you go if you like cupcakes,” has become quite a force in ecommerce between its promoted Pins and improved targeting capabilities.

According to Mary Meeker’s annual trends report from last month, 55 percent of people on Pinterest use the platform for shopping. On other social networks, that number is only 12 percent.

Perhaps that’s because Pinterest isn’t as inherently “social” as other social media platforms. While you use Facebook to connect with your friends, most people actually use Pinterest to engage with brands. Which home remodeling project sounds better: the one your friend is talking about or the one Lowe’s is talking about?

Earlier this week, Pinterest positioned itself as the platform that may be the biggest competition to Amazon. Like the ecommerce juggernaut, Pinterest now has a shopping cart on both its website and its mobile apps.

Pinterest is also improving its visual search capabilities, showing users similar items to those featured in a post, and allowing them to search for products with the pictures they take IRL. In addition, the platform is bringing its Buyable Pins beyond the app and extending them to the website.

pinterest-gif

With those enhancements in mind, we decided to dedicate this week’s stats round-up to Pinterest and its expanding ecommerce efforts.

30

There are million of products to see on Pinterest from more than 20,000 merchants. How do people find the ones they want to buy? The largest group – 30 percent – who makes Pinterest purchases does so via search. The platform’s homepage and Related Pins each account for 25 percent; 20 percent, The Pinterest Shop and boards.

33.3333333333

According Pinterest’s the initial tests with its new commerce products, one-third of purchases were initially found on mobile. That number seems a little low, when you consider that more than 80 percent of the platform’s traffic comes via mobile.

5

Oracle found that if someone sees a Pin, they’re twice as likely to buy it in-store. If that Pin is promoted, the customer is five times more likely to buy it IRL.

93

Millward Brown, the market research division of WPP and a new Pinterest partner, found that 93 percent of Pinners use the platform to plan purchases. Nearly as many (87 percent) have made purchases after coming across a Pin for a product they liked.

promoted-pins

130 million

It makes sense that Pinterest is improving on its visual search. Each month, people do 130 million of them.

8

This isn’t a new stat, but it’s a good one: 8 p.m. is the best time to pin, if you want clicks or repins, according to 2014 data. Repins are also more likely at 3 p.m., while clicks extend all the way through 10 p.m.

Ecommerce – ClickZ