TOP EUROPEAN DEALS

IN OCTOBER 2021

This October brought us news about two newly emerged unicorns, namely the British neobank Zopa and the French vouchers payment card app Swile.

As per the DealMatrix’s Deals Monitor, the prominent industries this month are Fintech, Health Care and Artificial Intelligence. The Fintech sector continues to accelerate its growth and accumulate most of the capital. According to EuroDev, up to 27% of the global cumulative Fintech valuation is made up in Europe.

Geographically, deals were mainly closed in the United Kingdom, Germany, and France. The three remarkable funding deals from these countries were closed by TradingView, N26 and DNA Script, respectively.

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Top European Deals in October 2021 – Deals Monitor

N26 | $900M | Valued at over $9B | Germany

Berlin-based banking unicorn has raised $900 million in Series E financing round. According to Finextra, the market cap of N26 now almost equals Commerzbank’s cap. The acquired cash will be used for the escalation of its mobile banking app and team expansion. Product, cybersecurity, and technology are the main areas for employee pool expansion.

Zopa | $300M | Valued at $1B | the UK

The British neobank (a bank that operates exclusively online) has secured $300 million in a late-stage funding round. The bank describes this round as “Pre-IPO”, so we can expect the public offering soon. As Techcrunch states, Zopa plans to invest in the product expansion by enlarging the existing set of tools with new ones which will make saving account management even easier.

TradingView | $298M | Valued at $3B | the UK

A social network for traders and retail charting platform has raised $298 million in a Series C funding round. The company aims to integrate with main brokerage platforms so that consumers trade directly from the TradingView app. The investment acquired will be used for the company’s market leadership position expansion.

Personio | $270M | Valued at $6.3B | Germany

The Munich-based HR tech company has announced a new $270 million investment in a Series E financing round. The company provides an HR software platform that can be used for a variety of tasks, like recruitment, performance reviews and payroll. The received cash will be used to expand its software engineer hub with 140 more specialists.

Wiz | $250M | Valued at $6B | Israel

The Israeli cybersecurity company has secured $250 million in a Series C funding round. The company intends to spend the investment on an extension of its support of other big public cloud providers. It seeks to attract multinational and international customers. The post-money valuation accounts for $6 billion only two years after its founding.

Cato Networks | $200M | Valued at $2.5B | Israel

The Israel-based secure access services edge startup has raised $200 million in Series F. The company aims to expand its sales team to keep up with the needs of larger enterprise customers. The post-money valuation secures a double unicorn status for the company with a $2.5 billion valuation.

Swile | $200M | Valued over $1B | France

The French vouchers payment card app has closed Series D round with $200 million. With the new investment company reaches its unicorn status. The company seeks international expansion to Mexico and Brazil. Swile intends to diversify its offering so that users can also have ridesharing and public transport deals.

Tier Mobility | $200M | Valued at $2B | Germany

The German micro-mobility app has raised $200 million in a Series D funding round. The company plans to use the funds for strategic acquisitions and international coverage expansion. After this investment, the startup is being valued at $2 billion. In total Tier has raised $660 million of funding.

An awarded deal of the week #43 according to DealMatrix’s analysts.

Enpal | $174M | Germany

The berlin-based solar startup has closed a Series C funding round with $174 million. The company uses artificial intelligence for the provision and instalment of solar panels. Enpal offers a subscription model for homeowners. The startup intends to further grow in its home German market and slowly expand to other countries.

DNA Script | $165M | France

The French DNA printing platform has secured $165 million in Series C financing. The acquired funding will be used for acceleration of commercialization and expansion of the company’s platform, as well as broadening of its product portfolio. According to Businesswire, the startup is believed to be a game-changer in revolutionizing the personalised medicine of the future.

A Closing Word

The startup funding landscape is evolving constantly, hence there is a need for a regular deals overview. This month we have depicted signs of stable Fintech industry growth. Moreover, we continue to observe the growth of the three most fruitful startup hubs in Europe, namely the UK, Germany, and France, which close the most of deals.