Tech
$522.7M for fleet electrification, €55M hardtech VC, and Europe’s 1st black solo VC GP
![2.7M for fleet electrification, €55M hardtech VC, and Europe’s 1st black solo VC GP 2.7M for fleet electrification, €55M hardtech VC, and Europe’s 1st black solo VC GP](https://cdn.tech.eu/uploads/2024/01/this-week-in-european-tech-292.png)
This week our research tracked more than 60 tech funding deals worth over €1 billion, and 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.
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
🇬🇧 Zenobē secures $522.7M to boost UK’s electric bus rollout
🇳🇱 Yondr to develop major hyperscale datacentre in Malaysia with up to $150M funding
🇩🇪 Cloover raises $114M to boost renewable energy transition
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇫🇷 Bridgepoint backs CMS platform LumApps
🇪🇸 Reveal acquires Onna, further strengthening its AI-powered ediscovery platform
🇨🇭Utrecht-based Klayr acquires Swiss blockchain platform Lisk
🚀 Interesting moves from investors
🇪🇺 European hardtech VC emerges with €55M and has already backed 8 investments
🏳️🌈 Identity.vc launches €50M fund for LGBTQ+ founders
🇺🇦 Ukrainian Venture Capital Association kickstarts $300M Fund of Funds
🇬🇧 Cambridge Future Tech announce $5M for early-stage deeptech startups
🗞️ In other (important) news
💸 Loyalty app backed by Lloyds and Barclays Bank closes, leading to 46 redundancies
🇪🇺 European tech’s gender pay gap persists despite some pay equity progress
🛰️ Barcelona-based Sateliot launches satellites with SpaceX
🇩🇪 Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine
🇬🇧 The UK’s semiconductor strategy turned one this month – here’s its report card
📡 Recommended reads and listens
💸 “This is the first of many minority funds,” says Europe’s first black solo VC GP
🇪🇺 Investing in European tech: Insights from GP Bullhound’s annual report
🇵🇹 Portugal’s tech ecosystem: Innovation amidst Tradition
🇫🇷 NcodiN secures €3.5M for optical interposer tech to meet the needs of HPC and AI
🔭 European tech startups to watch
🇪🇪 Esgrid secures €500,000 pre-seed funding for value chain sustainability tools
🇪🇸 Irisbond closes a €360,000 crowdlending round on the social stock market
🇪🇸 Nextmol gets funds to drive the shift towards sustainability in the specialty chemical industry
🇮🇪 LLM testing service Inspeq raises $1.1M to expand internationally
🇸🇪 Eneryield raises seed funding to predict power outages