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This Week in European Tech: Daniel Ek’s Neko Health raised €60 million, Bolt bagged ex-Revolut CFO, and Notion closed its latest fund at €300 million


This week, our reseach tracked more than 80 tech funding deals worth over €1.4 billion. On the other end of the spectrum, we saw over 15 exits and M&A transactions. 

As always, we’ve also indexed the most important/industry-related news items you need to know about, however, this recap is by no means exhaustive.

Our comprehensive brief, and its associated data, are available to our insights members via a weekly round-up newsletter and a handy .csv file allowing for even more in-depth analysis.

On a side note, our podcast that recaps the week’s news is taking some well-deserved summer holidays.

With that said, let’s get down to business with the biggest European tech news items for the past couple of days. If email is more your thing, you can always subscribe to our free newsletter and get this round-up delivered to your inbox.

And now, the news.


🇸🇪 Daniel Ek’s Neko Health raises €60 million to expand its preventive healthcare solution across Europe.

🇬🇧 London-listed property fintech LendInvest secured £500 million in working capital to boost the growth of its buy-to-let (BTL) and residential mortgages.

🇩🇪 Munich’s EGYM takes on $225 million via Jared Kushner’s Affinity Partners as it eyes an IPO.

🇫🇷 Revenue-based finance, or neolender as they now like to be called, company Silvr secures €200 million.

🇩🇪 Germany’s flexible car subscription platform FINN receives €25M facility for its debt-financed fleet.


🇹🇷 Türkiye-based neobank Papara buys Spain’s Rebellion, achieves unicorn status as part of the transaction.

🇩🇪 Subscription and recurring billing platform Billwerk+ acquires competitor plenigo.

🇩🇪 Mehrwerk, which focuses on “value-added solutions for banks, energy suppliers and insurers”, acquires Hamburg-based fintech Etvas.

🇦🇹 Graz-based audiotech company sonible was acquired by the UK’s digital mixing consoles maker Audio Tonix.

🇩🇰 Copenhagen’s digital sports media group Better Collective snapped up US company Playmaker HQ.


🇬🇧 Notion Capital closes €300 million fund aimed at supporting European software and fintech firms.

🇪🇸 Spain’s Diana Capital announces the first close of its newest fund at €150 million.

🇬🇧 GMG Ventures rebrands to Mercuri and closes a £50 million fund backed by British Business Bank.

🇵🇱 European Investment Fund invests €25 million in Radix Ventures’ fund for deep tech CEE start-ups

🇳🇱 Quantum Delta NL receives €60.2 million to accelerate Europe’s quantum tech developments.

🇬🇧 Cocoa Ventures’ GPs aren’t raising a second fund together according to Carmen Alfonso Rico’s LinkedIn post. Anthony Danon will launch a fintech-focused angel fund, while Carmen will launch an angel fund under the Cocoa brand name.


🇪🇺 Why Europe won’t see Twitter competitor Meta’s Threads launched any time soon. Hint: health, location, search history, and other sensitive information. More here.

🇪🇪 Estonia’s Bolt has snapped up and appointed Mikko Salovaara to the role of CFO just a few months after he left Revolut citing “personal reasons” as the company eyes an IPO.

🇪🇺 Microsoft faces EU antitrust probe after remedies fall short.

🇬🇧 British microchip champion launches US operation in blow to Sunak.

🇫🇷 French Senate puts blanket TikTok suspension on the table.

🇫🇷 Accused of worsening the housing crisis in France, Airbnb goes on the counter-offensive.

🇪🇺 EU Commission pitches harmonisation measures for data protection enforcement.

🇫🇷 France plans UK-inspired tax relief for early-stage investors in technology start-ups.

🇬🇧 EV maker Arrival’s second SPAC is now a dead SPAC.

🇸🇪 Stop using Google Analytics, warns Sweden’s privacy watchdog, as it issues over $1 million in fines.


🇪🇺 The European tech ecosystem: H1 2023 Report.

🇬🇧 Bike Club’s subscriptions showcase the power of the circular economy.

🇪🇺 June 2023: Deals, exits, and beach blankets.

🇬🇧 Ignore the naysayers – London remains a leading tech hub

🇳🇱 Booking.com is trying to acquire a flights seller. Europe would be wrong to block It.

🇪🇺 Why Europe’s ‘lonely’ tech entrepreneurs need help.

🇪🇸 How Figma competitor Penpot is championing design collaboration and open source tools for cross-functional teams

🇬🇧 With only a few months left to live, Nutmeg co-founder Nick Hungerford sets up charity for bereaved children.

🇪🇸 AI Act: Spanish presidency sets out options on key topics of negotiation.

🇪🇺 Europe’s best decade in tech – Reaching new heights and outpacing the US.


🇬🇧 Kinnu raises $6.5 million to use AI to flip the script when it comes to edtech.

🇩🇪 Building the bridge between classical and quantum computing, Quantagonia has raised €4.3 million.

🇩🇰 Danish real-time retail solution Atobi bags €3.8 million to strengthen its grip on the global market.

🇬🇧 AI-generated B2B video production tool Immersive Fox raises €3.3 million to further its capabilities.

🇪🇪 Tallinn-based Formaloo raises €2 million to expand its no-code platform as it makes plans to tackle the UK and Canada



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