Hello!
Here’s what happened today in European Tech.
Deals
– Hedosophia, the London-based fund manager, plans to raise an initial €400 million through a SPAC in Amsterdam. Dubbed ‘Hedosophia European Growth’, it then plans to merge with a European tech “unicorn” and then use the newly merged vehicle to target other European tech companies, valued at up to €5 billion each.
– Redwood Software, which offers a range of cloud-based business and IT process automation solutions, has secured €315 million in growth funding from a single investor, Turn/River Capital. The Netherlands-headquartered company is no spring chicken; it was founded almost 30 years ago by CEO Tijl Vuyk.
– The Hut Group (THG), the online retailer empire run by billionaire Matthew Moulding, has struck a complex joint venture deal with Japanese investment giant SoftBank that values a “yet to be formed” technology division of THG at $6.3 billion.
– Munich-based parcelLab, which offers a final-mile fulfilment service for online retailers, has closed a $112 million Series C funding round led…
