Tech
€165M for EV chargepoint Powerdot, Eleport acquires TurboVolt, and winning sportstech startups
This week we tracked more than 50 tech funding deals worth over €635 million, and over 10 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.
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Either way, let’s get you up to speed.
💸 Notable and big funding rounds
🇵🇹 EV charge point operator Powerdot raises €165M for European expansion
🇬🇧 CloudPay bags €109M from Blue Owl Capital
🇬🇧 Yodel bags €99M to ride the Out of Home delivery wave
🫱🏽🫲🏻 Noteworthy acquisitions and mergers
🇦🇹 Eleport acquires TurboVolt, expanding into Croatia and Slovenia
🇺🇦 Ukrainian sleep app Avrora sold to US firm with proceeds to help aid Ukraine’s war relief
🇩🇪 TBAuctions expands reach with Surplex acquisition
🚀 Interesting moves from investors
🤖 UK Government invests £32M in 98 AI projects, boosting over 200 businesses and research organisations
👭 Investor in UK FemTech unicorn closes $160m third fund
💸 Inveready reaches first closing of €52M for its new fund Inveready Innvierte convertible tech notes
🗞️ In other (important) news
🤖 July 2024’s top 10 European tech deals you need to know about
🇧🇬 Bulgaria: Tech growth amidst global competition
🇬🇧 UK fintech investment up near threefold to $7.3bn in first half of 2024 amid global downturn
🇱🇹 Vilnius-based AMLYZE forges partnership with Notabene to navigate latest EU travel rule requirements
📡 Recommended reads and listens
👩❤️👩 From loneliness to connection: 6 startups redefining social interaction in the digital age
🪴 RoBoTec tackles food security with an automated solution to global plant production challenges
🏭 Startups delivering cutting-edge solutions for industrial challenges
🏅 Game On: 5 startups scoring big in sportstech
🔭 European tech startups to watch
🇬🇧 Monumo’s innovative electric drive design gets a £750,000 boost from Innovate UK
🇪🇪 Viacurrent secures investment from Rockstart
🇨🇭 DemoSquare secures €1.28M for its AI tech that helps businesses stay ahead of legislation
🇮🇪 MixRift raises $1.6M for mixed reality casual gaming
🇺🇦 Rcam’s tactile surveillance camera receives $25,000 funding from Brave1