Today in European Tech: Etsy buys Depop for 1.6 billion dollars, Celonis raises 1 billion dollars to the valuation of decacorn, FlixBus catches 650 million dollars



Here is what happened today in European Tech.


Celonis, Munich-based “runtime management” software manufacturer announced a $ 1 billion Series D monster spin, giving it a post-currency valuation north of $ 11 billion. The funding round, which was led by new funders Durable Capital Partners and T. Rowe Price Associates, follows a $ 290 million Series C funding round announced in November 2019.

– Seeking to reach a younger audience, e-commerce platform Etsy plans to acquire London-based Gen Z Fashion Market Depop for $ 1.62 billion. Depop will keep its existing offices and no staff changes are planned.

FlixMobility, Munich-based mobility scaling, the group behind FlixBus and FlixTrain, has raised more than $ 650 million in equity and debt financing, giving the company a valuation of $ 3 billion.

– Take-Two Interactive announced the acquisition of a private company Serbian mobile game developer Nordeus up to $ 378 million. The initial price of $ 225 million is comprised of cash and $ 90 million of newly issued Take-Two common stock.

Berlin-based micro-mobility company TIER got a $ 60 million loan from Goldman Sachs. Asset-backed financing is a first of its kind for Goldman Sachs and marks a new era for the micro-mobility industry.

Israeli shared neighborhood company Venn announced today that it has completed a $ 60 million Series B funding round led by Group 11, with the participation of Pitango, Hamilton Lane and Bridges Israel.

– The German start-up Cognigy, world leader in Omnichannel customer and employee service automation With its conversational AI platform, Cognigy.AI has pocketed $ 44 million in Series B funding.

Paris-based automated digital marketing solutions provider Artur’in got 42 million euros through PSG.

Helsinki-based e-commerce platform Nosto acquired the content marketing start-up Stackla. This is Nosto’s first acquisition and offers a solid entry into the Australian and South East Asian markets.

London white label platform for retail finance Divido raised $ 30 million in a Series B funding round led by HSBC and ING.

Comunix, an Israeli social games startup and the company behind the game Pokerface, announced Wednesday that it has secured $ 30 million in Series A funding, bringing the total raised by the company to $ 33 million to date.

– We also followed a large number of (others) European technology financing tours and M&A transactions, of which we offer a practical list on Friday afternoon in our weekly newsletter (note: the complete list is reserved for paying customers). Also check out our European tech news section for ongoing coverage.

To read / to know

– The European Commission has announced a partnership with Bill Gates’ sustainable energy financing vehicle with the goal of unlocking new investments for clean technology and sustainable energy projects totaling up to $ 1 billion over five years (2022-2026).

– Sometimes, expansion in the United States is the smart thing to do: the transatlantic tale of Kaia Health.

– An innovation manifesto outlining eight areas on which the EU should focus in creating the single European innovation area project, puts technological sovereignty at the top of the priority list.

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