Here’s what happened today in European Tech.
– Not often that a European tech company buys a US-based company for half a billion dollars, but here we are: Norway’s Kahoot this morning announced that it is acquiring California-based Clever, a K-12 EdTech learning platform. The combination of two of the world’s leading digital learning platforms will set Kahoot back up to $500 million, of which up to $65 million will be paid based on performance.
– Paris-based AI SaaS provider to the insurance industry Shift Technology has raised $220 million in a Series D round led by Advent International. Avenir, Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital also participated. With this round, Shift’s total investment to date rises to $320 million and gives the company a valuation of over $1 billion.
– Israeli company Simplex, which provides fiat infrastructure for the cryptocurrency ecosystem, is in advanced…