The 10 Biggest European Tech Stories This Week

Europe Funding

Happy Friday! This week, Tech.eu tracked 11 technology M&A transactions and 76 funding deals (totalling €400 million) in Europe and Israel.

Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, government and policy news, as well as an overview of interesting lists, facts and figures from a wide variety of sources.

You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:

1) Intercom, the Irish-founded customer communications platform, raised $ 50 million from Index Ventures. Also this week we published an interview with Intercom’s co-founder Des Traynor, where he talks about the company’s forthcoming tour of events as well as its future in Dublin and SF.

2) French hotels group Accor acquired online home rental site Onefinestay for €148 million. The UK startup had previously raised €73 million from the likes of Intel Capital, Quadrant Capital Advisors and Index Ventures.

3) Intel announced the third acquisition of a European startup this year: Italy-based and IoT security startup Yogitech, which had raised less than €3 million to date.

4) Rocket Internet could be in the process of raising a second triple-digit round for its megafund, according to German publication WiWo.

5) The Berlin-based venture builder also announced this week that it has secured €75 million from Orange for its Paris-based Africa Internet Group.

6) The $ 11.4 billion proposed merger between Orange and Bouygues collapsed, hitting the the share prices of the big French telcos hard.

7) Jon von Tetzchner, who co-founded and led Opera Software for many years, launched Vivaldi, a browser that’s not for the masses.

8) Mark Tluszcz, CEO of VC firm Mangrove Capital partners, says that “investors should ignore the hype about FinTech”.

9) Hyped or not, Berlin-based mobile-first bank Number26 said this week that it has signed up 60,000 new customers in Q1 2016, taking its total to 160,000.

10) Things are not looking well for Norwegian gaming studio Rovio: the company announced this week an operating loss of €13 million in 2015, down from a profit of €10 million the previous year.

Bonus link: BBVA, how a €750 billion bank is using Facebook and Apple’s tactics to stop startups eating its lunch

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These were the 10 biggest European tech stories this week

Europe

This week, Tech.eu tracked 18 technology M&A transactions and 58 funding deals (totalling €181 million) in Europe and Israel. You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:

1) There were as many as four funding rounds in Europe and Israel north of $ 10 million: Blippar ($ 54 million), XJet ($ 25 million), iAngels ($ 14 million) and Replay Technologies ($ 13.5 million).

2) There were also three relatively large acquisitions involving Israel-based companies: Cisco bought Leaba Semiconductor for $ 380 million, SES PS paid $ 242 million for RR Media, and RNTS acquired ad tech company Inneractive for $ 72 million

3) Spotify’s fundraising rumours continued: TPG in talks to invest $ 500 million in Spotify in a convertible debt round that could rise to $ 1 billion

4) Raspberry Pi 3 has been officially launched; and here are co-founder Eben Upton thoughts on the new device

5) The US and EU presented Privacy Shield, a regulatory framework that will replace the old Safe Harbour agreement. Fortune has a good breakdown of how this will affect US-based tech companies

6) It was a busy week for Facebook in the regulatory and fiscal environment in Germany and the UK, respectively

7) Various Rocket Internet-backed startups announced pullback on ambitious expansion plans: Tripda shut down, Delivery Hero is leaving China and EatFirst is to cease operations in Berlin.

8) Britain’s tech sector is overwhelmingly opposed to Brexit; and this is how it could impact the UK’s startup scene

9) Bill Maris explained the changes in Google Ventures’ European strategy

10) Zalando’s revenue grew by 33.6 percent in 2015, reaching €2.2 billion

Bonus link: The father and son VCs behind the new LocalGlobe seed fund (video interview)

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This story originally appeared on Tech.eu.


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Samsung says new U.S. offices are its ‘biggest investment in Silicon Valley’ to date

samsung-new-office-silicon-valley

Samsung officially opened the doors to its new 1.1-million-square-foot Silicon Valley offices Thursday, more than 30 years after its arrival in the San Jose tech corridor in 1983.

The building will house various research labs dedicated to semiconductors, LEDs and displays, staff in sales and marketing, and other support areas, the company said.

“[We are] laying the groundwork for a more aggressive pace of growth over the next several decades,” said Samsung’s chief executive, Dr. Oh-Hyun Kwon, at the grand opening ceremony.

Meanwhile, the company’s president of its U.S.-based device solutions operations, Jaesoo Han, said that the move “represents a major milestone as we open our most strategically important Samsung facility in the U.S., and also our biggest investment in Silicon Valley.”

samsung-office

Samsung also announced that it has established a $ 1 million STEM College Education Scholarship Fund. In its own words:

Deserving university students who are currently enrolled in STEM-focused programs at a California State or University of California school will benefit from this program, beginning with a $ 50,000 gift to San Jose State University this year. Each scholarship will cover tuition and living expenses for one year.

But the announcement of the new office has been largely overshadowed by news in virtual reality today: We reported that the Samsung Gear VR will launch as a consumer product this November for $ 99. (You can read our full roundup from today’s Oculus event here.)

Earlier this week, Samsung unveiled its new fonts-inspired Serif TVs, and shared more about how it relies on startups to stay ahead on technological innovation.

If you happen to be passing through the area, Samsung’s new building certainly looks worth checking out.

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Samsung says new U.S. offices are its ‘biggest investment in Silicon Valley’ to date

samsung-new-office-silicon-valley

Samsung officially opened the doors to its new 1.1-million-square-foot Silicon Valley offices Thursday, more than 30 years after its arrival in the San Jose tech corridor in 1983.

The building will house various research labs dedicated to semiconductors, LEDs and displays, staff in sales and marketing, and other support areas, the company said.

“[We are] laying the groundwork for a more aggressive pace of growth over the next several decades,” said Samsung’s chief executive, Dr. Oh-Hyun Kwon, at the grand opening ceremony.

Meanwhile, the company’s president of its U.S.-based device solutions operations, Jaesoo Han, said that the move “represents a major milestone as we open our most strategically important Samsung facility in the U.S., and also our biggest investment in Silicon Valley.”

samsung-office

Samsung also said that it has established a $ 1 million STEM College Education Scholarship Fund. In its own words:

Deserving university students who are currently enrolled in STEM-focused programs at a California State or University of California school will benefit from this program, beginning with a $ 50,000 gift to San Jose State University this year. Each scholarship will cover tuition and living expenses for one year.

But the announcement of the new office has been largely overshadowed by news in virtual reality today: we reported that the Samsung Gear VR will launch as a consumer product this November for $ 99. (You can also read our roundup from that event here.)

Earlier this week, Samsung unveiled its new fonts-inspired Serif TVs, and shared more about how it relies on startups to stay ahead on technological innovation.

More information:

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