HomeKnow-HowTop 10 M&A deals we tracked in February!

Top 10 M&A deals we tracked in February!

The term mergers and acquisitions (M&A) is pretty common in the business and entrepreneurial world. It refers to the consolidation of business and business assets through financial transactions and deals between companies. M&A agreements might involve one company purchasing and absorbing another company outright, it could be a merger to create a whole new company, the takeover of some assets or stock, or, it can even involve a hostile takeover.

Acquisitions and exits are often seen as a solution, and sometimes as a last resort, to smaller startups struggling to raise funding and facing valuation cuts. At the same time, more mature players have seen it as a consolidative way to expand their presence, create new revenue streams and access new tech and talent.

Here, we take a look at what happened in February outlining the top 10 deals:

  1. London-based provider of investment, pension, financial wellbeing and workplace savings Cushon, founded in 2014, was acquired by the UK-based NatWest Group for €174.8 million. The startup has been able to raise a total funding amount of €82 million.
  2. Paris-based client mobile engagement Captain Wallet, founded in 2013 was acquired by the Paris-based Sendinblue for €6.3 million. The startup has been able to raise a total funding amount of €187 million.
  3. Tallinn-based Web3 NFT platform for small brands and businesses to monetise and engage their customers and communities Ignium, founded in 2019, was acquired by the Estonian CoinMetro for €4 million. The startup has been able to raise a total funding amount of €2 million. 
  4. Budapest-based information technology company that specializes in the fields of big data and data analytics Complytron Kft., founded in 2019, was acquired by the Budapest-based SEON for €2.5 million. The startup has been able to raise a total funding amount of €257 k.
  5. London-based IT Service Management and Robotic Process Automation Humans4Help, founded in 2017, was acquired by the French Alan Allman Associates for €2 million. 
  6. Manchester-based technology company that helps developers and skilled individuals for software engineering Tech Returners, founded in 2016, was acquired by the UK-based Northcoders for €1.7 million. 
  7. Munich-based online car subscription service providing rental cars irrespective of any contracts Cluno, founded in 2017, was acquired by the Dutch Vivelacar for an undisclosed amount. The startup has been able to raise a total funding amount of €180 million.
  8. Amsterdam-based provider of shared electric scooters (mopeds) as a new urban mobility concept felix, founded in 2016, was acquired by the Dutch emmy for an undisclosed amount. The startup has been able to raise a total funding amount of €28.1 million.
  9. London-based enterprise food technology platform that gives corporate customers software to support healthier daily eating in workplaces feedr, founded in 2016, was acquired by the Dutch-based EatFirst for an undisclosed amount. The startup has been able to raise a total funding amount of €2.27 million.
  10. Abingdon-based molecular diagnostics company Sense Biodetection, founded in 2014, was acquired by the US-based Sherlock Biosciences for an undisclosed amount. The startup has been able to raise a total funding amount of €77 million.
Patricia Allen
Patricia Allen
is the Head of Content at EU-Startups. With a background in politics, Patricia has a real passion for how shared ideas across communities and cultures can bring new initiatives and innovations for the future. She spends her time bringing you the latest news and updates of startups across Europe, and curating our social media.
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