These were the 10 biggest European tech stories this week
This week, our research team tracked almost 70 tech funding deals worth over €1.4 billion, along with a dozen M&A transactions, rumours, and related news stories across Europe, including Russia, Israel, and Turkey.
Meanwhile, here’s an overview of the 10 biggest European tech news items for this week (subscribe to our free newsletter to get this roundup in your inbox every Monday morning):1) AUTO1 Group, the European digital used-car trading platform, has raised €255 million from investors and would use the money to develop its retail brand Autohero.
The company has now raised another $60 million to continue pursuing that goal, a Series B funding round co-led by Glide Healthcare.
10) ComplyAdvantage, a London-based startup working in financial crime detection, has closed a $50 million Series C funding round that will fuel rapid product and market expansion across the United States, Europe, and the Asia Pacific.
Even amid the COVID-19 pandemic, European VC deal value notched the third-largest quarterly figure on record in Q2 2020.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Construction had the second highest failure rate (53%) as of 2018.
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