Home / Software & Service News / The 10 biggest European tech stories this week: Spotify may bypass IPO, a ‘Trump-proof’ privacy shield, and more

The 10 biggest European tech stories this week: Spotify may bypass IPO, a ‘Trump-proof’ privacy shield, and more


This week, Tech.eu tracked 10 technology M&A transactions and 64 tech funding deals totaling €227 million (about $240 million) in Europe, Turkey and Israel. Here’s an overview of the 10 biggest European tech news items for this week:

1) Spotify is reportedly considering a direct stock exchange listing, bypassing the typical IPO script.

2) The European Parliament wants the European Commission to ‘Trump-proof’ the Privacy Shield data sharing agreement between the EU and the United States after the new US administration threatened to roll back some privacy safeguards.

3) Flattr, an extension for online micropayments, has been acquired by eyeo, the parent company of AdBlock Plus. No terms were disclosed.

4) Israel-based Valens, a producer of semiconductors that is developing connected car technology, has secured an additional $60 million in financing. The round was led by Israel Growth Partners (IGP), and includes Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek as new investors, in addition to existing investors.

5) Israeli VC firm 83North announced the close of its new tech fund at $250 million, its largest yet.

6) Fred Destin, one of European VC’s biggest personalities, is leaving Accel, the London-headquartered VC firm he joined from Boston’s Atlas Ventures in mid-2014, to focus more on seed investing.

7) Estonian startup Teleport has been acquired by employee relocation management platform MOVE Guides for an undisclosed sum.

8) British tech company Imagination Technologies saw its shares crash by more than 70% on Monday when it was told by Apple, its biggest customer, that the maker of iPhones, iPads and Apple Watches intends to stop using Imagination’s graphics technology in its new products.

9) Munich-based KONUX, an industrial IoT startup, has raised a further $9 million led by New Enterprise Associates (NEA), bringing its Series A round to $16 million.

10) Mercedes-Benz owner Daimler and Bosch are teaming up to develop self-driving cars in an alliance aimed at accelerating the production of “robo-taxis”.

Bonus link: Europe’s 500 most prominent venture capital investors (Dealroom)

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This post first appeared on Tech.eu.

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About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

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