European Tech Receives $2.2 Billion in Investments

This week, over €2.2 billion was invested in European tech, with notable funding rounds including Northvolt securing €902M and Picnic raising €355M. Several acquisitions and mergers were also seen, such as Tier and Dott merging with €60 million investment. Private equity firms like Cinven and LDC made significant investments. Additionally, Thomson Reuters is in talks to buy Sweden's Pagero for $627M, and HSBC faces a $1B suit over hiring bankers from SVB. SAP has been fined over $220M to resolve US bribery allegations.