European tech weekly recap: Over €710M invested in the tech ecosystem in the last week of January
The European tech landscape saw significant activity in the final week of January, with over €710 million injected into its ecosystem through more than 70 funding deals. This robust investment underscores a continued confidence in European innovation, particularly in sectors driving digital transformation and sovereignty. The figures highlight the growing strength and ambition of the region's burgeoning tech startups and established companies alike. Beyond investment, the period was marked by over 15 exits, mergers, acquisitions, and related news, indicating a dynamic market consolidation and strategic realignment. These transactions often involve key players in digital platforms, software, and emerging technologies like AI, signaling a maturing European digital economy. Such movements are crucial for fostering larger, more competitive European tech champions capable of rivaling global giants. This influx of capital and strategic deals directly impacts software companies, digital platforms, and those developing cutting-edge technologies, empowering them to scale operations and accelerate product development. The implications extend to increased competition, enhanced cybersecurity capabilities, and a stronger push for European digital sovereignty, reducing reliance on non-EU providers and strengthening the region's control over its digital future. The ongoing trend suggests a vibrant future for European tech innovation.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.