Wagestream secures £300M debt financing, DoorDash’s £2.4B Deliveroo acquisition, and European tech funding falls 42% in April

This week we tracked more than 70 tech funding deals worth over €1.1 billion, and over 20 exits, M&A transactions, rumours, and related news stories across Europe. In addition to this week’s top financials, we’ve also indexed the most important/industry-related news items you need to know about.

This week, we also released Tech.eu Pulse, a compact version of our February monthly report, which is available to all of our readers. 

It offers a glimpse into the valuable insights provided by our more comprehensive monthly reports exclusive to Insiders, covering key investment trends, notable company activities, and emerging industry sectors.

If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.

Either way, let’s get you up to speed.

Notable and big funding rounds

TEKEVER raises a new funding and becomes the latest unicorn in Europe’s defencetech industry

Wagestream secures £300M debt financing to expand its alternative to high-interest loans

Quantum Systems raises €160M for AI-powered aerial intelligence

Parloa raises €105M to innovate customer service with agentic AI

Finom, a challenger bank aimed at SMBs, lands $105M in growth funding from General Catalyst

Noteworthy acquisitions and mergers

DoorDash expands European presence with £2.4B Deliveroo acquisition

London-based Tripledot Studios acquires AppLovin’s gaming portfolio in $800M deal

Faircraft acquires VitroLabs assets in effort to dominate lab-grown leather market

Interesting moves from investors

Bosch launches €250M venture fund to back deeptech startups

Former NATO Secretary backs Final Frontier’s defencetech Fund

The Moldova opportunity: Mozaic unlocks early-stage investment in Europe’s next startup hotspot

Greek Marathon VC Secured €75 Million in an Oversubscribed Single Closing

In other (important) news

European tech funding falls 42% in April as fintech leads investment volume

Founder of a16z-backed 11x steps down as CEO

Lilium’s financial collapse triggers CustomCells insolvency at core German sites

ATMOS and ARX Robotics unite to launch Europe’s first orbital depot for autonomous defence systems

Belarus sentences Imaguru tech founders to 23 years prison for running startup hub

Recommended reads and listens

Meet the Moldovan startup rewiring real estate across war-torn Ukraine

“Smaller opportunistic” acquisitions likely to follow DoorDash purchase of Deliveroo, says Glovo founder

7% tax, fast registration, and female leadership: Moldova’s startup scene has arrived

European tech startups to watch 

Biotech CryoCloud raises €2M to enhance machine learning for drug discovery

DecisionRules secures €1.6M to scale its cloud-native SaaS platform internationally

Healthtech startup Cavell raises €1.5M to improve medical data quality

Thinkpilot launches with €600,000 pre-seed for AI Workspace for product managers

Zeus Sleep secures £150,000 for snoring and sleep apnoea solutions

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