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European tech weekly recap: More than 75 tech funding deals worth over €1.2B

2 days ago | tech.eu | Tamara Djurickovic

Last week, we tracked more than 75 tech funding deals worth over €1.2 billion, and over 20 exits, M&A transactions, rumours, and related news stories across Europe. Share Facebook Twitter Linkedin Last week, we tracked more than 75 tech funding deals worth over €1.2 billion, and over 20 exits, M&A transactions, rumours, and related news stories across Europe.
PayPal backer questions “energy and passion” of minority stake co-founders

5 days ago | tech.eu | John Reynolds

A partner at VC firm Plug and Play today stressed the importance of co-founders having an equal equity split in their startups when they start out, questioning the passion and motivations of those with a minority stake. Plug and Play partner Carolin Wais — whose firm has backed PayPal, Shopify and N26 — also reiterated common concerns about investing in first-time solo-founders, saying they might lack resilience.
“Smaller opportunistic” acquisitions likely to follow DoorDash purchase of Deliveroo, says Glovo founder

6 days ago | tech.eu | John Reynolds

The co-founder of Glovo, the Spanish food delivery app owned by Germany's Delivery Hero, says future consolidation in the food delivery sector will likely be limited to smaller “opportunistic” acquisitions. Sacha Michaud, co-founder, Glovo, said: "I think there are not too many players now to consolidate. There are some big companies.
Startups, sustainability, and investment: Austria’s innovation engine

6 days ago | tech.eu | Tamara Djurickovic

Austria’s tech ecosystem is rapidly emerging as a dynamic hub for innovation, sustainability, and deep-tech development in Europe. Vienna stands at the forefront as the central innovation hub, with Graz and Linz quickly gaining traction in fields such as AI, healthtech, and advanced manufacturing. The Austrian Research and Technology Report 2024 underscores the country’s significant advancements in research, technology, and innovation (RTI).
Visa makes “strategic investment” in stablecoin infrastructure startup BVNK

1 week ago | tech.eu | John Reynolds

Visa has made a “strategic investment” in stablecoin infrastructure startup BVNK. The investment, through Visa Ventures, the corporate venture arm of Visa, comes amid increased adoption and more mainstream acceptance of stablecoins. Stablecoins are a type of cryptocurrency pegged to a fiat currency. BVNK, which offers both fiat and stablecoin payment infrastructure for companies, did not disclose the size of the investment.
April 2025's top 10 European tech deals you need to know about

1 week ago | tech.eu | Tamara Djurickovic

In April 2025, the European tech ecosystem saw a significant 42 per cent drop in total capital raised month-over-month, falling to €3.3 billion from €5.7 billion in March. Despite the sharp decline in funding volume, deal activity increased, with 311 deals recorded in April versus 297 in March, suggesting that while fewer large-scale deals were closed, investor interest remained strong, shifting instead toward a higher number of smaller investments.
“We are sprinting towards implementation of our first chip”, says UK startup in AI inference race

1 week ago | tech.eu | John Reynolds

The founder of a UK chip developer looking to take on Nvidia and US tech firms in the AI chip race says he hopes to bring its chips to market in 2027- and claims they can run LLMs (Large Language Models) faster, cheaper and more energy efficient than rivals. Speaking on the Tech.eu podcast, Walter Goodwin, Fractile CEO, said: “We are sprinting towards sort of implementation of really what is our first sort of product chip.
Founder of a16z-backed 11x steps down as CEO

1 week ago | tech.eu | John Reynolds

The founder of hyped UK AI startup 11x is standing down as CEO, saying “different growth phases demand different leadership strengths”. Hasan Sukkar founded 11x, which specialises in developing autonomous AI-powered sales agents, in 2022. The change in management follows a report in March this year that 11x, which is backed by Andreessen Horowitz and Benchmark, had been claiming customers it didn’t have, showcasing logos on its website that weren’t customers.
Solaris co-founder takes legal action over SBI Holdings takeover

1 week ago | tech.eu | John Reynolds

A co-founder of German banking technology provider Solaris is taking legal action against Solaris over its takeover by Japanese financial conglomerate SBI Holdings. Andreas Bittner, a co-founder of Solaris, which provides white-label financial products, and several other existing Solaris shareholders, have filed legal action with a regional court in Berlin. The legal action relates to a funding round Solaris undertook of around $150m earlier this year as it faced financial difficulty.
Meet the Moldovan startup rewiring real estate across war-torn Ukraine

1 week ago | tech.eu | Cate Lawrence

There's no shortage of footage of bombed-out and destroyed apartments on the daily news coverage of Russia's invasion of Ukraine. According to research by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations, about 13 per cent of Ukraine's total housing stock has been damaged or destroyed, affecting more than 2.5 million households. But how do you sell an apartment that is so damaged it's no longer livable? And is there another apartment to live in?