The emergence of European leaders - Weekly 3 Top Tech News - 12th July
#TechWatchbySeb - Weekly Top 3 news happening in the European Tech Ecosystem - Issue #30
I’m Sebastien co-founder and CEO of Early Metrics and Board Member of the French Tech London. TechWatchbySeb is a weekly newsletter to provide Tech Investors & Entrepreneurs around the world with interesting insights on the European Tech Ecosystem.
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The emergence of European leaders
This Weekly top 3 tech news, Issue #30 and for this week we will travel to the U.K🇬🇧, France 🇫🇷, and the Netherland 🇳🇱.
🥇Wise 🇬🇧 valued at $11 billion in record London direct listing
Wise provides a core money transfer product, along with a borderless account for its audience of ex-pats, freelancers, and travelers, which holds over £2 billion in current deposits. The company was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. Its multi-currency account helps over 10 million people and businesses manage their money across the world.
The company was founded in 2011 and is based in London. Before this direct listing on the LSE, the company raised $600M.
Last week, the company announced its direct listing on the London Stock Exchange valuing the company $11Bn
Source: reuters
🥈ManoMano🇫🇷 just raised a $355M Series F
ManoMano is an online marketplace for DIY, home improvement, and gardening products. It is a website of a community of home and DIY lovers that enables them to exchange tips and advice on their DIY or gardening projects. In addition to this expert advice, ManoMano puts clients in touch with a helping hand who will help them achieve their DIY projects.
The company just announced to have raised a massive $355M (approx €299.43M) in its Series F round of funding. With this development, the company has now earned the ‘unicorn’ status with a valuation of $2.6B (approx €2.19B).
Source: siliconcanals
🥉Bunq 🇳🇱 the neobank raised $166M, a massive Series A
bunq is a Dutch independent neobank that makes life easy. No branch visits, no queues, no paperwork, just immediate access from a mobile device. Users can share bank accounts with whomever they want and pay with worldwide Maestro and Mastercards wherever they go.
bunq was founded in 2012 by Ali Niknam (1981), who managed to get the first European banking permit in over 35 years. He set out to radically change the traditional banking industry and, as its sole investor, invested €44.9m in bunq. bunq’s latest publicly available number of user deposits is €211,152,900, based on the deposits in December 2018. Over 2018 the total amount of user deposits doubled and is increasing every day. Over 2018 the total amount of user deposits doubled and is increasing every day.
The company just announced to have raised a massive $193M series A valuing the company $1.6Bn.
Source: tech.eu
That’s it for this week, wishing you a great week ahead, and feel free to share if you like 👇