Technology

European Tech Today: Forto Raises $ 240 Million in Unicorn Valuation to Google Close London’s “Campus”.

Hello!

This is what happened today at European Tech.

Deals

Berlin-based digital freight and supply chain solution provider Forto have Raised a large amount of $ 240 million.. In this round, Forto is currently in the $ 1.2 billion valuation.

Israeli music education startup Joy Tunes have Complete $ 50 Million Financing Round Led by GV (formerly Google Ventures) and joined by Qualcomm, with a valuation of $ 1 billion.

Wellster, (another) telemedicine from Bavarian,have Raise $ 40 Million in Round It is led by Dermapharm and backed by existing investors HV Capital and Seven Ventures.

-Helsinki Tesseract, Specialty Bridging institutional capital flow between traditional asset finance and digital asset finance have Raise $ 25 Million One of Finland’s largest series A rounds to date.

Doctrin, a medtech startup from Stockholm,have Raised 13 million euros To promote efforts to provide “patient-centered medical care without barriers”.

Belgian telecommunications provider Destiny We are moving forward with the goal of becoming the leading European cloud communications solution for small businesses. Announced acquisition of Swedish companies Telepo and Soluno..

-Also tracked a number of (others) European Technology Financing Rounds and M & A Transactions, All of these are in a handy list for you in our weekly summary newsletter every Friday afternoon (Note: the full list is Paid customers only).Also check Our European Technology News Section For continuous coverage.

Worth reading / worth knowing

-Two European privacy watchdogs team up Call for a ban on the use of facial recognition in public spacesOpposes the draft rules of the European Union Make technology available for public security reasons..

-German competition authority FCO takes Big Tech GAFA’s “Bingo” card Open proceedings against Apple..Determined by procedure, similar to similar surveys already conducted this year on Amazon, Facebook and Google Whether iPhone makers meet the latest German competition law standards..

Fintech company Revolut saw Slow earnings growth and increased losses last year Although the increase in the value of cryptocurrencies has given the company a great boost as the coronavirus pandemic has hit payments. Revolut generated ยฃ 222.1m in revenue in 2020, up 34% from ยฃ 166m in the previous year.

-Speaking of Revolut UK FinTech Scale Up It may be in the early stages of a funding round, reportedly Worth more than $ 20 billion..

-Google Closed dedicated startup space in London Known as the campus.Silicon Valley tech giant announced on Monday East London’s “Non-Reopening” Campus After being forced to shut down due to a coronavirus pandemic.

Israeli Venture Capital Fund Glilot Capital Partners Reportedly Raise $ 200- $ 300 Million on Wall Street At the IPO of a special purpose acquisition company (SPAC).

– last week, Hundreds of biggest names in European technology Alongside politicians and wealthy investors on the lawn of a private member club at Soho Farmhouse in the English countryside One of the first major technical events in the Founders Forum over a year..

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https://tech.eu/free/39824/today-in-european-tech-google-to-close-down-its-london-campus-forto-raises-240-million-at-unicorn-valuation-and-much-more/ European Tech Today: Forto Raises $ 240 Million in Unicorn Valuation to Google Close London’s “Campus”.

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