Weekly Top 3 Tech News - 14th June 21
#TechWatchbySeb - Weekly Top 3 news happening in the European Tech Ecosystem - Issue #27
Hello my friends 🖐,
and welcome back to the #TechWatchbySeb ☕️ : The weekly series of the Top 3 news happening in the European Tech Ecosystem.
If you want to receive the weekly newsletter #TechWatchbySeb feel free to register, I do my best to only share qualitative content 🤓.
Here we go for the TechWatchbySeb #27
For this week we will travel to the Netherland 🇳🇱 and Germany🇩🇪.
🥇 Klarna 🇸🇪 just raised another round pushing the valuation at $46Bn
Klarna is an eCommerce payment solutions platform for merchants and shoppers. The platform gives customers the freedom to choose how and when to pay. They also offer direct payments, pay after delivery options, and installment plans. Klarna is a regulated bank known for its “buy now, pay later” model that offers shoppers interest-free financing on retail purchases over a period of installments.
3 months after completing mega fundraising of $1Bn (March 2021), the Stockholm-based fintech just announced a new $650M fundraising led by Softbank Vision Fund, pushing the valuation at $46Bn. A strong message sent to the European Fintech scene, ahead of a potential IPO.
🥈Ledger 🇫🇷 the crypto wallet announced a $380M series C
Ledger provides security and infrastructure solutions to critical digital assets for consumers and institutional investors. Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with 1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.
2 years after completing their Serie B, during which they closed $88M, the company just announced a Series C during which they closed $380M of fresh fundings valuing the company at $1.5Bn. This round was led by 10T Holdings, which is a growth equity fund that invests in private companies operating in the digital asset ecosystem.
🥉Believe 🇫🇷 raised $300M during its IPO
Believe Digital is a music digital distribution company for independent labels and artists. Believe Digital is the leading fully independent digital distributor and label services provider for artists & labels worldwide. They provide dedicated label & international campaign management, trade & digital marketing services, comprehensive video management & distribution, synchronisation, neighboring rights and run in-house record label Believe Recordings.
Announced some month ago in the European Tech IPO Observatory, they just completed an IPO on Euronext Paris, while raising $300M with an initial market cap at $1.9Bn.
Another IPO completed in Europe in 2021 !
That’s it for this week, wishing you a great week ahead🖐 and share if you like 👉
Stay safe ❤️