Legora Valuation Climbs to $8.8B as European Tech Funding Shows Rebound
Tech.eu tracked more than 65 funding deals worth over EUR 1.5 billion in a single week, led by Legora's $550M raise at an $8.8 billion valuation.
AfroEuropa Newsroom
AfroEuropa desk
European technology investment recorded a busy week, with Tech.eu reporting more than 65 funding deals worth over EUR 1.5 billion, alongside four exits, mergers and acquisitions, and related developments across the continent.
The largest round came from Sweden's Legora, which raised $550 million and saw its valuation rise to $8.8 billion. Other notable rounds included a GBP 250 million raise in France's Pigment, led by the Scaleup Europe Fund, and a EUR 185 million credit line secured by UK-based iwoca. In Estonia, Blackwall reached a $2.2 billion valuation following a $100 million Series C, which Tech.eu noted came only weeks after the company joined the country's unicorn ranks.
Keep reading
UK Budget Targets Scaleup Gap as Britain Leads Europe on Startup Funding
New tax reliefs and entrepreneur support aim to keep British firms scaling at home, though experts say incentives alone will not close the scaleup gap.
Other highlights
WhatsApp Rolls Out Group Status and Message-Sharing Updates
The messaging app introduced Group Status updates visible only to group members, along with tools to share old messages with new members and pin messages.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
