$267M for remittance firm Zepz, Slovenia’s tech landscape, and key trends and investment in September

This week we tracked more than 70 tech funding deals worth over €926 million, and over 5 exits, M&A transactions, rumours, and related news stories across Europe. In addition to this week’s top financials, we’ve also indexed the most important/industry-related news items you need to know about.

This week, we released two in-depth reports for our Insider subscribers:

1) Our monthly report for September.

2) Our Q3 report for 2024.

Both reports provide a data-driven comparative look at the latest tech fundraising, deals, and trends. 

We recognise that not everyone is flash with cash right now, so we’re offering also free access to an abridged monthly report.

Check it out.

If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.

Either way, let’s get you up to speed.

💸 Notable and big funding rounds

🇬🇧 Remittance firm Zepz raises $267M

🇦🇹 GROPYUS secures €100M

🇩🇪  Nelly receives €100M in external capital

🫱🏽‍🫲🏻 Noteworthy acquisitions and mergers

🇸🇪 Restaurant platform Buyers Edge acquires Parsly for its analytics prowess

🇬🇧 Flip acquires The Bot Platform to merge their HR capabilities

🇬🇧 Advania UK expands IT Services with CCS Media acquisition

🇦🇺 Banked makes Aussie acquisition and calls for big brands to get behind US account-to-account payments

🚀 Interesting moves from investors

🤖 STAC Invest Syndicate offers £150k boost to Scottish ‘smart things’ startups

🩺 Investor duo launch new healthtech VC firm

💸 Invest-NL backs PhotonVentures with €5M to boost Netherlands photonics industry

🔭 Tensor Ventures launches €50M Fund: A boost for quantum, biotech, and climatetech startups

🗞️ In other (important) news

🇪🇺 €4.2B invested in European tech in September

💰 European Tech.eu Pulse: key trends and investment in September

🇧🇪  Belgium’s tech ecosystem maturing: key findings from the 2024 State of Belgian Tech Report

🦄  Swedish unicorn Trustly says IPO “not around the corner”, despite appointing IPO-experienced CFO

📡 Recommended reads and listens

♻️ How UP Catalyst’s circular carbon solution challenges Chinese dominance

♀️ The struggles and concerns of mothers in Venture Capital

🇸🇮 Exploring Slovenia’s tech landscape

🇩🇪 Forward earth raises €4.5M to expand AI-powered environmental management platform

🔭 European tech startups to watch

🇫🇮  Munchfam secures €600,000 to reduce the restaurant failure rate

🇨🇭 Lighthouse Tech’s smart eyewear gets €160,000 funding boost

🇫🇮  Synergi raises $2M seed for the future of virtual power plants and energy flexibility

🇱🇹  RedTrack raises $3.2M to equip media buyers with analytics

🇫🇷  Generare raises €5M to scale the discovery of new medicines and molecules hiding in microbes