TLDR:
- Zenobē secures $522.7M for fleet electrification in the UK
- European hardtech VC emerges with €55M and backs 8 investments
This week, Tech.eu tracked over 60 tech funding deals worth over €1 billion and 5 exits, M&A transactions, rumors, and related news stories across Europe. Zenobē secured $522.7M to boost the UK’s electric bus rollout, while a European hardtech VC emerged with €55M and already backed 8 investments. Noteworthy acquisitions included Bridgepoint backing CMS platform LumApps, Reveal acquiring Onna, and Utrecht-based Klayr acquiring Swiss blockchain platform Lisk. In addition, European tech’s gender pay gap persists despite some pay equity progress, Barcelona-based Sateliot launched satellites with SpaceX, and Germany’s financial regulator ended the anti-money laundering cap on N26 signups after a $10M fine.
Other important news includes the closure of a loyalty app backed by Lloyds and Barclays, leading to 46 redundancies. European tech startup news continues to be diverse and impactful, with new investment rounds, acquisitions, and regulatory updates shaping the tech landscape across the continent.
