Weekly Top 3 Tech News #25 - 31st May 21
#TechWatchbySeb - Weekly Top 3 news happening in the European Tech Ecosystem - Issue #25
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 #25
For this week we will travel in Sweeden🇸🇪 and France🇩🇪.
🥇 Sinch 🇸🇪 has secured a $1.1Bn of fresh funding
Sinch is a cloud communications company that connects businesses and customers through tools that enable personal engagement.
The company is already listing on Nasdaq Stockholm thanks to an IPO completed in 2015.
This fundraising was done based on a $11Bn market cap with investors such as Softbank 🇯🇵 and Temasek Holdings 🇸🇬. In Nov 2020, the company had already secured fundraising of $160M with Softbank.
🥈Content Square 🇫🇷 raised a $500M series E
Contentsquare develops a digital experience analytics platform that enables businesses to track online customer behavior.
It happens exactly 1 year after the previous fundraising (in May 2020) of $190M.
This fundraising of a private tech company is the most important in France so far.
🥉Big Tech mergers: EU prepares new rules
But it feels that the M&A rulebook needs to be updated so it can better deal with the growing power of some of the world’s largest tech companies.
The joint statement of the 3 countries leading it says that:
“We have to strengthen and speed up merger control in particular vis-a-vis certain gatekeeper platforms to tackle the strategies of platform companies consisting in systematically buying up nascent companies in order to stifle competition,”
So, that’s it for this week, wishing you a great week ahead🖐
Stay safe ❤️