Home / Software & Service News / These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week

Flags of the United Kingdom and European Union


Here’s an overview of the 10 biggest European tech news items for this week:

1) Hailo and Daimler-owned MyTaxi agreed to merge in all-share deal to fend off Uber and other competitors in the crowded on-demand transportation space. Both companies will continue operating under the MyTaxi brand. Hailo had raised more than €90 million in funding from the likes of Accel, Union Square Ventures, Atomico, Wellington Partners and Sir Richard Branson.

2) Another major exit could be in the works: according to Bloomberg, SoundCloud’s owners are considering a sale that could value the German music streaming company at $1 billion.

3) Belgian food delivery startup Take Eat Easy has stopped operations and also filed for juridical restructuring, after being unable to secure more funding. The company had previously raised more than €16 million from investors such as DN Capital, Eight Roads Ventures, Piton Capital and Rocket Internet.

4) Rocket Internet and FinTech Group have an agreement in place to develop digital banking services and companies together. Rocket Internet’s two previous forays into FinTech (Payleven and Paymill) did not end very well.

5) Another German FinTech startup, N26 (formerly Number 26), launched a third-party investment product on its platform. N26 announced in mid July a new $40 million capital injection.

6) France-based 360 Capital Partners reached an agreement with Orkos Capital to manage Robolution Capital, a €80 million fund dedicated to robotics, artificial intelligence and ‘Internet of Things.

7) Ireland to slash capital gains tax for startups to 10% with €10 million cap, bringing Ireland in line with the tax environment for startups in the UK.

8) Broadband internet access will become a legal right under new EU telecoms rules. The move would make affordable broadband internet a right for consumers across Europe.

9) Amazon has partnered with the British government to significantly expand drone testing in the UK, with the objective of delivering goods to people’s homes.

10) The numbers are in: in Q2 2016 there were 75 European and Israeli venture-backed exits, combining for €2.4 billion.

Bonus link: State of the German startup and Venture Capital landscape in 2016

The post These were the 10 biggest European tech stories this week appeared first on Tech.eu.

You can subscribe to Tech.eu’s newsletter here.

This story originally appeared on Tech.eu.

Get more stories like this on TwitterFacebook

Click Here For Original Source Of The Article

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!

Check Also

These are the best deals on Amazon’s home tech devices for Black Friday

TwitterFacebook

Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission.

Black Friday is a battlefield, y'all. Tablets, smart home assistants, and all the other Amazon devices we've been drooling over all year are finally marked down.

Here's what you need to know:

Life is easier with smart home assistants

If you've been wanting to get your hands on an Echo Dot, snag one at their lowest price ever for just $29.99.

Save on the bigger Echo products as well — grab the classic Echo for $20 off at just $79.99 and the Echo Plus for $30 off at $119.99.

Speaking of Echo, you can add a smart plug to any Echo purchase for only $5 — that's $20 off. Read more...

More about Tablets, Kindle, Black Friday, Amazon Prime, and Reading

css.php