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

0



Hello!

Here is what happened today in European Tech.

Offers

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.

The best tweets of the day

Let us know what you think of this daily roundup and how we can improve it!

And follow us on Twitter of course.





Leave A Reply

Your email address will not be published.