In case you missed them
Happy Friday! This week, Tech.eu tracked 11 technology M&A transactions and 64 funding deals (totalling €137 million) in Europe and Israel.
Here’s an overview of the 10 biggest European tech news items for this week:
1) Europe has a new unicorn: Swiss neural virtual reality platform, MindMaze, just raised $100 million at a $1 billion valuation.
2) Spotify is rumored to be closing in on 30 million paid subscribers and could become a potential buyer of US-based radio service Pandora.
3) A slew of investors announced the launch of new European firms and/or funds: Israel Secondary Fund ($100 million), Isomer Capital (€150 million), Lifeline Ventures (€60 million) and Titanium VC ($50 million). Target Global is also opening a new office in Berlin.
4) Serbian/American biomedical data analysis startup Seven Bridges raised $45 million, the second largest round of the week in Europe.
5) Rocket Internet used up to €150 million for the buyback of convertible bonds with the goal to support the company’s (falling) stock price.
6) UK’s app-only bank Mondo picked up £6 million in funding at a £30 million valuation.
8) Berlin-based language learning app maker Babbel hit 1 million paying customers.
9) Italian printed circuit manufacturer Somacis Group was acquired for €100 million.
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This post was originally published on Tech.eu