This Week in European Tech: Used car marketplace Cinch clinches £1 billion+ in funding, “Europe’s Robinhood” raises $900 million, etc.

Glad Friday!

This week, our analysis group tracked greater than 100 tech funding offers value greater than €3.6 billion, and about 18 exits, M&A transactions, and rumours, and associated information tales throughout Europe, together with Russia, Israel, and Turkey.

As at all times, we’re placing all of them collectively for you in a helpful checklist despatched in our round-up publication (notice: the complete checklist is for paying prospects solely).

Just lately, we additionally began publishing ‘In the present day in European Tech’, a every day round-up of offers and information tales that caught our consideration. Preserving you up to date on all issues EU tech is our precedence!

In the present day, as a substitute of a every day round-up we provide you with an outline of the ten largest European tech information gadgets for the previous week (subscribe to our free publication to get this round-up in your inbox each Monday morning).

1) Cazoo rival Cinch clinches greater than £1 billion in funding

The proprietor of Cinch, the digital used automotive platform, has secured £1 billion of recent fairness funding because it vies to seize an enormous slice of the rising worldwide marketplace for on-line car gross sales.

2) “Europe’s Robinhood” Commerce Republic scores $900 million spherical

Berlin’s neobroker Commerce Republic has raised $900 million in a Sequence C funding spherical led by Sequoia. New buyers TCV and Thrive Capital participated and current buyers Accel, Founders Fund, Creandum, and Challenge A all adopted on.

3) Irish fintech scale-up Fenergo acquired by two European PE corporations

Fenergo, the Irish fintech startup targeted on regulatory compliance, is to be acquired by a pair of personal fairness corporations in a deal value $600 million.

4) UK fund supervisor Hedosophia’s SPAC raised €400 million in an Amsterdam itemizing

Hedosophia European Development, a blank-check firm launched by UK fund supervisor Hedosophia, has raised €400 million in its Amsterdam itemizing. The Monetary Occasions reported earlier that the SPAC plans to focus on European tech corporations value as much as €5 billion.

5) Snap buys UK-based WaveOptics for $500 million

Snap has agreed to accumulate WaveOptics, the provider of the augmented actuality shows that energy its new Spectacles glasses, for greater than $500 million, The Verge stories. Based mostly within the UK and based in 2014, WaveOptics raised a complete of $65 million in funding thus far.

6) Germany opens ‘anti-competition’ probe into Amazon with harder regulation

Germany’s anti-trust watchdog is investigating whether or not Amazon has exploited its market dominance.

7) French refurbished electronics market Again Market backed by $335 million

Parisian refurbished electronics market Again Market has raised $335 million in a Sequence D spherical led by Basic Atlantic. The spherical additionally noticed participation from Era Funding Administration, in addition to current buyers Goldman Sachs Development Fairness, Aglaé Ventures, Eurazeo and daphni.

8) Coming into the Amazon roll-up race with $200 million in contemporary financing

An Amazon business-acquiring startup known as Factory14 — based mostly in Luxembourg (with places of work in Madrid, London, Shanghai and Taipei) — got here out of stealth mode in Europe with $200 million in funding and an announcement that it is acquired Professional Bike Software, a well-liked D2C vendor of its own-brand bike equipment and instruments, for an undisclosed sum. Nearly all of the financing is coming within the type of debt to accumulate corporations.

9) One other French market raises funding: Ankorstore nabs €82.4 million

Ankorstore, a web-based wholesale market from France, has raised €82.4 million in a Sequence B funding spherical.

10) Good Pitch: Berlin-based presentation platform secures $85 million

Berlin-based collaborative presentation platform Pitch has raised $85 million in a Sequence B spherical led by Lakestar and, yep you guessed it, Tiger International. The spherical additionally noticed participation from current buyers Index Ventures and Thrive Capital.

Podcast(s): Podcast #220: The “paradigm shift in how individuals work” with Tariq Rauf of Qatalog

Bonus hyperlink(s):

– ‘Higher carried out than excellent’: Berlin-based micro-mobility scale-up TIER opens up about its growth journey.

Europe has been gradual to catch on to the growth in SPACs, however indicators of oversaturation within the US counsel the continent’s flip is coming.

– Change Ventures’ Baltic Startup Funding Report is out! It is a semi-annual publication of detailed information about funding rounds for startups within the Baltics.

– Flying within the face of the standard entrepreneurship mannequin, Franco-Belgian startup assume tank/incubator/VC facilitator eFounders celebrates its 10 yr anniversary at this time with the formal announcement of a $2 billion portfolio valuation.

– An insider’s take a look at one yr at Hopin, the quickest rising startup in Europe.