These were the 10 biggest European tech stories this week
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Stockholm, Sweden. Photo Credit: pisaphotography/ Shutterstock

Stockholm, Sweden. Photo Credit: pisaphotography/ Shutterstock

Here were the 10 biggest European tech news items this week

Tech.eu

Happy Sunday! This week, Tech.eu tracked 18 technology M&A transactions and 60 funding deals (totalling €263 million) in Europe and Israel.

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

1) Spanish bank BBVA acquired Finnish FinTech startup Holvi for an undisclosed sum. Holvi’s co-founder Kristoffer Lawson wrote a small post explaining the deal. The company had raised about €2 million from Speedinvest and Seedcamp, among others.

2) Also in the FinTech space, UK’s (and BBVA-backed) Atom Bank made its first acquisition, Grasp, a design and development studio focused on the financial services industry.

3) Intel went shopping in Israel, acquiring Replay Technologies for reportedly $175 million. The 3D video technology company had previously raised €27.7 million.

4) This week there were at least six funding rounds in Europe and Israel worth north of €10 million: AlphaSense (Finland, $33 million), EZBob (UK, £20 million), Staff Finder (Switzerland, €20 million), Property Partner (UK, £15.9 million), Marley Spoon (€15 million, Germany) and Delair-Tech (France, €13 million).

5) Finnish gaming powerhouse Supercell hit 100 million DAUs and announced revenue of €2.1 billion and EBITDA of €838 million for 2015.

6) Cristina Stenbeck announced that she is stepping down as chairman of Sweden-based investment company Kinnevik.

7) Spotify launched a new nifty product (Fresh Finds playlists). Rumors about a possible IPO from the music streaming giant continue propping up.

8) SoundCloud appointed U.S. media veteran Alison Moore as its new chief revenue officer.

9) Truecaller app gets a dialer and new smarts as the company phases out standalone Truedialer app and reaches 250 million users.

10) UK’s Entrepreneur First wants to raise a £40 million fund to invest in companies emerging from its startup factory

Bonus link: Artificial intelligence brings its brains and money to London

This post was originally published on Tech.eu

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Jaime Novoa

About Jaime Novoa


Chief editor and startup ecosystem analyst for the blog of Startupxplore. Startupxplore is the leading startup funding community, connecting investors and startups all around Europe. He also writes for Novobrief, an English language publication covering the Spanish startup ecosystem.

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