• Startuprad.io - Startup Podcast from Germany Podcast

    Where to set up Shop in Canada

    Where
    to set up Shop in Canada

    You can get anything here you
    can in Silicon Valley and all over the US.
    Ishu Sing, Host “Starting to know business”

     

    Media
    Exchange

    This is the
    first media exchange we are doing. We talk with Ishu Sing (
    Website,
    LinkedIn), founder of the Toronto based
    podcast
    Starting to Know Business (iTunes, Listen Notes). We thought it would be great to
    look at the respective countries. So, in this audio-only cooperation, we will
    talk about where to look if you want to evaluate entering Canada, as a startup
    based abroad.

    In his part
    of the cooperation, we will talk about the diversity of Germany and that there
    is no default choice for setting up shop in the country as well.

     

    Strong and interesting startups are
    all over Canada.
    Ishu Sing, Host “Starting to know business”

     

    Canada

    Canada is a
    G7 nation and should be on the list for international expansion for every
    aspiring startup. For some, it could be the first choice in North America.
    https://www.canada.ca/en.html

     

    Affiliate
    Links

    Why not learn from entrepreneurs and executives who
    are open to share their favorite books. We skimmed through some recommendations
    and that is what we found.

    ·        
    Recommended by: Bill Gates
    “Enlightenment Now by Steven Pinker”
    https://amzn.to/2XAENlB

    ·        
    Recommended by: Jeff Bezos
    “Built to Last: Successful Habits of Visionary Companies by Jim Collins and
    Jerry Porras”
    https://amzn.to/2RGKGKe

    ·        
    Recommended by: Elon Musk
    “Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel”
    https://amzn.to/2REbHhw

    ·        
    Recommended by: Tony Hsieh
    “Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization
    by Dave Logan”
    https://amzn.to/34KgraQ

    ·        
    Recommended by: Warren Buffet
    “Business Adventures: Twelve Classic Tales From the World of Wall Street by
    John Brooks”
    https://amzn.to/2K92z06

    ·        
    Recommended by: Tim Cook
    “Competing Against Time by George Stalk and Thomas Hout”
    https://amzn.to/3cjMMYn

     

    In Canada we have 3.5 million
    entrepreneurs.
    Ishu Sing, Host “Starting to know business”

     

    Startup
    Hubs in Canada

     

    I feel that right now the startups
    in Toronto are developing a bit faster than Vancouver … Toronto is growing very
    very strong.
    Ishu Sing, Host “Starting to know business”

     

    Toronto
    We start with the largest city by population and the home town of Ishu, Toronto
    (https://www.toronto.ca/). Much of the startup activity is here concentrated
    in the so-called MaRs Discovery District. MaRs was originally founded in 2000
    to commercialize public-funded research with local companies. You can learn
    more here: https://www.marsdd.com/

     

    Montreal is coming up with lots of
    strong tech startups as well.
    Ishu Sing, Host “Starting to know business”

     

    Montreal

    The second-largest city in Canada, also close to the US border.
    This city is home to the French-speaking population of Canada, French
    Canadians. A knowledge of French is not required, but helpful. You can learn
    more about the startup scene in the city here: https://www.bonjourstartupmtl.ca/en/
    as well as find some examples of Montreal based startups here: https://builtinmtl.com/.

     

    Vancouver

    Vancouver is located on the pacific coast of Canada. They
    have been one of the first tech hubs in Canada. They are also close to Seattle,
    with the headquarters of Amazon and Microsoft. You can learn more about the
    local startup scene on the Vancouver based blog https://techcouver.com/

     

    Calgary

    A few people may remember Calgary from the Olympic Winter Games
    in 2010
    . If not, it is located to the north of the population centers in
    Canada, in the Rocky Mountains. Note that the city is even for Canada a bit on
    the chilly side. The focus of the city is mostly on energy like fossil fuels
    and mining/drilling business. You can learn more about the local startup scene
    here https://www.startupcalgary.ca/

     

    Honorary Mention Waterloo (close to
    Toronto)

    Waterloo is a smaller city very close to Toronto and
    relative to its population (just above 100.000) it is punching above its
    weight as a startup hub. We found an interesting collection of links here (https://www.foundersbeta.com/waterloo-startups/the-most-complete-guide-to-starting-a-startup-in-waterloo/),
    and you can also learn more here: https://www.communitech.ca/
     

     

    Small Overview: Startups from Canada

    ·        
    Top 30 best-funded Canadian startups in 2020 https://disfold.com/top-canadian-startups/

    ·        
    Why Canada is becoming a start-up mecca rivaling
    Silicon Valley https://www.cnbc.com/2019/11/12/why-canada-is-becoming-a-start-up-mecca-rivaling-silicon-valley.html

      

    Feedback

    Reach out to us, here is our audience
    survey, to give us feedback, suggest topics, interview partners or just to say
    “Hallo!”
    https://forms.gle/mLV6mVKwGwKuut8BA

     

    The
    Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and
    host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

    Artificial Connect uses AI to generate automated local event announcements

    Artificial Connect uses AI to generate automated local event announcements

    In Hannover [a city of 790.000] there are 40.000 to 60.000 events in a normal year. The problem of the publishers was to first generate all the event information and second to write articles about them.

    Felix Rolf, CEO Artificial Connect

     

    Media Partnership

    This interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year’s batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.

    The Founder

    In this interview, we are talking to Felix Rolf (https://www.linkedin.com/in/felix-rolf-526a4894/) the founder and CEO of Artificial Connect (https://www.artificial-connect.com/), an AI startup located in the beautiful city of Hannover.

    Felix originally started with an advertising conglomerate with roots in newspaper publishing, where he got to work in several departments. He enjoyed his time in digitalization projects, especially in data science. During his time there he worked at the intersection of data science and sales.

    I participated in a boot camp for three months to learn about the statistical tools needed for data science.
    Felix Rolf, CEO Artificial Connect

    Affiliate Links

    Why not learn from entrepreneurs and executives who are open to sharing their favorite books. We skimmed through some recommendations and that is what we found.

    • Recommended by: Bill Gates
      “Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlB
    • Recommended by: Jeff Bezos
      “Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKe
    • Recommended by: Elon Musk
      “Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhw
    • Recommended by: Tony Hsieh
      “Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQ
    • Recommended by: Warren Buffet
      “Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06
    • Recommended by: Tim Cook
      “Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn

     Find all links and show notes here: https://www.startuprad.io/blog/podcast-artificial-connect-uses-ai-to-generate-automated-local-event-announcements/

    Folge direkt herunterladen

    Scriptbakery taught an AI to analyze manuscripts and the emotions of a potential reader

    Scriptbakery taught an AI to analyze manuscripts and the emotions of a potential reader

    98% of the manuscripts sent to publishing houses are not read right now.
    Patrick Kaiser, COO Scriptbakery

    Media Partnership

    This interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year’s batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.

     

    The Founder

    We talk to Patrick Kaiser (https://www.linkedin.com/in/patrick-kaiser-5978ba1b6/), the COO of Scriptbakery (https://www.scriptbakery.de/), a Freiburg based startup, which taught its AI to analyze a book script and analyze the potential emotions of a reader.

    Patrick got his job as COO because he has a black belt in Kungfu. The founder of the company knows him from the Kungfu gym, where the founder was Patrick’s student.

     

    We taught our AI with 1.7 mn data points, to make it work with all European languages
    Patrick Kaiser, COO Scriptbakery

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    The largest chunk we get here as scripts are biographies by Professors and Teachers who have retired
    Patrick Kaiser, COO Scriptbakery


    Blog Post

  • Fintech Germany - By Startuprad.io Podcast

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    This Month in German Startups – Summer 2020 (July, August, September)

    This Month in German Startups – Summer 2020 Wrap-Up

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

     

    Housekeeping – Time to brag 

    We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!

    Podcast Charts Appearances of Startuprad.io – Now in 39 countries

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.

     

    Video News – This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)

     

    Audio News – The audio podcast will go live at the same time

    We just need some time after the release until we can embed the Spotify player here.

     

    Top News

    Coronavirus / Curevac 

    Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine. 
    They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6

    They got visited by Elon Musk (https://buff.ly/3cjMdzf

    And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)

    And they received a large investment pre-IPO by two international heavy weights: 

    • Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD 
    • Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany’s most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk 

    Coronavirus / Potential super spreader event in the Berlin startup scene?

    deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc 

     

    Wirecard 

    We keep you updated, just a small selection of news here

    • Wirecard’s liquidator sends employees into garden leave without pay via email after 20.00 o’clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
      Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30v
    • Wirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media  https://buff.ly/2EzLhKv  
    • Berlin-based Finleap snapped up some employees there:
      Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
      More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EY
    • Berlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 
    • More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https://buff.ly/3g5kbsa 
    • German finance supervisor #bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https://buff.ly/2ZsS0NO 
    • In September a German court froze the private assets of Markus Braun (former CEO). In total authorities froze “more than 100 mn Euros” worth of assets from four people and three shareholders https://buff.ly/33MNRWd 

     

    Auto1 – Berlin-based Unicorn – plans it’s IPO (Jörn)

    But there is also happier news from Germany: 

    • New details on the planned IPO of #Berlin-based Auto1 emerged. They hired Citi and Goldman for the IPO, looking at a valuation of 5 bn € https://buff.ly/3bO1HLn 
    • Related: They are looking to IPO in Frankfurt
      Auto1 likely preparing for IPO in Frankfurt – AIM Group https://buff.ly/356cBuV 

     

     

    Germany’s formerly most valuable fintech has to file for insolvency

    Monedo Holding (formerly Kreditech, and at this time Germany’s most valuable fintech) has been in trouble for some time now, but they had to open insolvency proceedings at the beginning of September https://buff.ly/3bGsUj1 

     

    Ecosystem 

    1. A network of Digital Hubs
    2. It’s all about collaboration
    3. Access to industry leaders
    4. Leading in deep tech solutions
    5. Government support 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news, rather than anything else.

    Frankfurt

    • Startup Genome: Global Startup Ecosystem Report:
      Top 7 startup cities keep their ranking in 2020 — but new players are on the rise https://buff.ly/2ZaUhfd
      Frankfurt makes Top 20 Knowledge and Top 30 Funding
      Berlin making No 16 – Overall
      Bern Geneva from Switzerland and Munich are also doing well
    • Deutsche Bank buys stake in Frankfurt-based Supply Chain #financing #fintech Traxpay https://buff.ly/3g6loPR  No further deal details (e.g. price) have been disclosed
    • German business magazine Capital tested 34 robo-advisors. Out of those three #Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest, Zeedin and Bevestor https://buff.ly/2ODZVSx  
    • Business Insider Ranking: Top 100 fastest growing companies in Germany. From the Frankfurt Area
      No 12 Stoertebekker Shaving Accessories (https://en.wikipedia.org/wiki/Klaus_St%C3%B6rtebeker)
      No 33 ChemSQURE
      No 46 WiWin
      No 49 Meshcloud (Learn more about Meshcloud here https://buff.ly/2X2DMQA
      https://buff.ly/2ZgNQbR
    • “Frankfurt’s FinTech Agora Innovation, with its iVE.ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area.” https://buff.ly/33AlUkg
      Related Interview on upcoming law for tokenization of securities https://buff.ly/339VKVr 
    • Brockhaus Capital Management lPOs in Frankfurt in Prime Standard. They raise 115 mn Euros to invest in mid-sized tech companies https://buff.ly/2B5fq2I 

    Darmstadt (also Rhine-Main Area)

    • Boston Dynamics, Merck, and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https://buff.ly/32fCoP8
    • You can learn more about the startup here in our interview https://buff.ly/2ZscWo2

    Stuttgart

    • Start-up Roadjet from Stuttgart: Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB (Germany’s rail operator) https://buff.ly/3jw13FK 

    Bonn

    • Goldman Sachs invests the majority of new 70,5 mn Euros #VentureCapital in Bonn-based IT startup Leanix. The company provides cloud-based solutions for Bosch, VW, consultancies, and others https://buff.ly/2Zrz0iW
      Related (same news, another source):
      Goldman Sachs, Insight Partners, DTCP, Capnamic Ventures and Iris Capital invest 80 mn US$ in LeanIX, bringing the total to 120 mn. The company offers software to optimize IT structures. https://buff.ly/38DzNQQ

     

    Munich

    • Munich-based 2trde – a competitor of Berlin’s Auto1 – raises 2.5 mn Euros with Israel-based VC Maniv Mobility as lead investor https://buff.ly/2ZLktxC

     

    Bruchsal (a city with a population of less than 45.000 people) 

    • German drone startup Volocopter is now accepting reservations for electric air taxi flights https://buff.ly/2EdwF3n 

    Hamburg

    • Hamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down. The service will be stopped end of September https://buff.ly/3latFoV 

    Trier 

    • Since Trier appears here for the first time, let us give you a very brief overview: It is an old city, founded by the Romans and famous for their still standing black city gate, called Porta Nigra. It is a city of approx. 115.000 people, close to the border of Luxembourg
    • Two local banks from Trier invest 3,5 mn Euros in LivEye, a local startup providing video surveillance https://buff.ly/3k9D7sj 

     

    Mannheim

    Startup Mannheim re-branded to Next Mannheim and we have been invited. You will hear more about them in the future. https://next-mannheim.de/en/ 

     

    Companies

    • We interviewed #Berlin-based #challenger Bank Bitwala in April, now they are offering 2% interest on savings accounts when other banks are asking for money to hold savings https://buff.ly/3k4MPvh
      Our interview https://buff.ly/307a5Sa 
    • Deutsche Bank gets double hit in digital strategy:
      1) They shut down their investment the virtual wallet startup Yunar
      2) Zeitgold, the accounting software pivots
      https://buff.ly/2PklhVe
      Related article to Zeitgold: Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital. For outsiders a surprise, but there is an article speaking of „absolute chaos“ before the decision https://buff.ly/33HYlaL 
    • Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros (of which 86 mn in cash) https://buff.ly/38ZKjCd
    • Bonds Bonds Bonds
      Delivery Hero wants to raise up to 1.5 bn € with a convertible note https://buff.ly/3iH1X1X
      Zalando sells bonds worth 1 bn € https://buff.ly/31fIgX7 
    • Hedosophia from London has been one of the most important investors in the #German #fintech scene. Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https://buff.ly/3l5Kam2 
    • Berlin-based traveltech Omio raises 84 mn Euros. Investors include Temasek, Kinnevik, Goldman Sachs and Kleiner Perkins https://buff.ly/323BCUh 
    • Henkel buys 75% of beauty product brand HelloBody https://buff.ly/3iaHjpX – Henkel produces many household names from washing powder (Persil), to glue (Pattex, Pritt) to detergents (Pril, Biff) and even wallpaper paste (Metylan) 
    • FinanceFWD takes a look into Kinnevik’s reports and looks at the impact of the fintech valuation using DCF https://buff.ly/3jssTTF
      Deposit Solutions valued at 450 mn € ( Deutsche Bank invested in September for 1 bn Euros)
      Betterment valued at 666 mn Euros (a drop of 100 mn Euros)
    • Siemens to cooperate with Berlin-based fintech Raisin on pensions https://buff.ly/3jp79ru find the interview with the founder of raisin here: https://www.startuprad.io/interviews/raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup/ 
    • Berlin-based Sequoia investment, the travel tech startup Tourlane is in trouble, but it’s founder is optimistic. 80% of its clients are booking long-distance trips. They are back to 20-30% of pre-corona business https://buff.ly/2Fxa6HD 
    • Freeletics raises 25 mn Venture Capital to extend the offering to Japan, North, and South America. Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes. https://buff.ly/32JT2qF  
    • Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation – TechCrunch https://buff.ly/2FFIFLw 
    • Berlin-based startup Sennder has bought a chunk of Uber https://buff.ly/3c5aM2N
      “Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market.
      As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. “
    • Rocket Internet half-year report:
      9 startups shut down, 5 new
      startup equity valuation took a 85 mn hit
      Rocket Internet Capital Partners (VC Fund) spent only 15% of it’s money so far (closed end of 2019)
      They gave out loans worth 70 mn, avg. 9.3% interest rate
      https://buff.ly/2RE3bia 
    • CHECK24 – Germany’s largest online comparison platform – is planning to attack startups in their market – tax filing, and compensation for delayed flights https://buff.ly/3hsyUhI 
    • Jacob Fatih was a refugee, then he founded fitness chain FitX in Essen, Germany. Now he wants to help start 1.000 startups there with an incubator named Crealize.  https://buff.ly/32lA5sF 
    • Employees at German fintech Taxfix cash out 3.8 mn € after share buyback | Sifted https://buff.ly/3kvi1Vq 
    • Apeiron Investment Group raises 125 mn Euro #VentureCapital fund to invest in #German #tech companies. The investors include Peter Thiel https://buff.ly/39XIDt8 
    • There was a bug in the IT of N26. Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https://buff.ly/3gYbzDM 

    Stay ahead of the curve

    Follow-Up with the Bloomberg of Crypto – CoinAnalyst

    Follow-Up with the Bloomberg of Crypto – CoinAnalyst

    After the interview in 2018, we entered the crypto winter.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    The Founder

    This interview is a follow-up to our interview in July 2018. At this time we talked with Pascal about the upcoming ICO of CoinAnalyst. Pascal Lauria (https://www.linkedin.com/in/pascallauria/) is the CEO and Co-Founder of CoinAnalyst (https://coinanalyst.tech/en/insights/), the Frankfurt-based startup still wants to be the “Bloomberg for Crypto.”

     

    The last few years for Crypto has been extremely hard.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    During the Crypto Winter, no one wanted to talk or hear about Crypto. … I was advised to reflect that in my pitch deck.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    The Startup 

    CoinAnalyst (https://coinanalyst.tech/en/insights/), the Frankfurt-based startup still wants to be the “Bloomberg for Crypto.” They are themselves a spin-off of Frankfurt-based startup Cogia (https://www.cogia.de/de/), which was also founded by Pascal, where he is still the CEO. CoinAnalyst claims to have created a unique tool that helps crypto investors make more accurate predictions while trading. On their platform, they show Trends, Sentiment, Influencer talk about Crypto Currencies, Word Signals, Forecasts, and AI filtered high impact news.

    This all together is applicable to crypto coins, stocks and forex. They also have the COY token (https://www.coingecko.com/en/coins/coinanalyst), which they issued during the ICO in 2018.

     

    Disclaimer on Coins and Tokens

    Please seek professional advice, before jumping into the risky crypto space. You may want to talk to your investment advisor, as well as your tax advisor. The investments in crypto-assets are always very risky and could lead to a loss of all of your investments in a very short time. Please make your research and due diligence! This podcast provides no investment advice.

     

    Initial Exchange Offering

    At the time of publication, the COY token will have made its debut on a new crypto exchange, called an IEO (https://en.wikipedia.org/wiki/Initial_exchange_offering) at LaToken Exchange (https://latoken.com/).

    Additionally, they are going to “burn” one billion COYs from the hard cap (https://academy.binance.com/glossary/hard-cap). In Equities, this would be called a “reverse split” (https://www.investopedia.com/terms/r/reversesplit.asp) two for one.

     

    Pascals and Joe’s advice – Mediation

    Just put on your headphones and listen to a guided meditation to get you relaxed and sleep better and deeper.

    For example here is one channel Joe likes: https://www.youtube.com/channel/UC4jWo5kiyOCt4PnvF4jbaLg

     

    The Video Interview is set to go live on September 14th 2020 19.00 CET (Frankfurt/Zürich)

    https://youtu.be/yynVxYW6e0M

     

    The Audio Interview will go live at the same time

    The Audio Podcast will be published next week. Subscribe to our podcasts here

     

    Interview form 2018

    You can find the interview, announcing their ICO, here

    https://youtu.be/hU1hCM90xdc

    According to Pascal they raised more than one million Euros in cash and did a lot of swaps (meaning the exchange of COY tokens for other tokens). None the less, they did not raise as much money as they wanted to. They coined their token for 0.01$ and at the time of the recording was trading at approx. $0.002 (according to CoinGeko.com) two years down the road. Until recently (this interview will go live on September 15th) it was only available on one exchange.

     

    Feedback

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

     

    The Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

  • Deep Tech Germany - by Startuprad.io Podcast

    Artificial Connect uses AI to generate automated local event announcements

    Artificial Connect uses AI to generate automated local event announcements

    In Hannover [a city of 790.000] there are 40.000 to 60.000 events in a normal year. The problem of the publishers was to first generate all the event information and second to write articles about them.

    Felix Rolf, CEO Artificial Connect

     

    Media Partnership

    This interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year’s batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.

    The Founder

    In this interview, we are talking to Felix Rolf (https://www.linkedin.com/in/felix-rolf-526a4894/) the founder and CEO of Artificial Connect (https://www.artificial-connect.com/), an AI startup located in the beautiful city of Hannover.

    Felix originally started with an advertising conglomerate with roots in newspaper publishing, where he got to work in several departments. He enjoyed his time in digitalization projects, especially in data science. During his time there he worked at the intersection of data science and sales.

    I participated in a boot camp for three months to learn about the statistical tools needed for data science.
    Felix Rolf, CEO Artificial Connect

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

    Affiliate Links

    Why not learn from entrepreneurs and executives who are open to sharing their favorite books. We skimmed through some recommendations and that is what we found.

    • Recommended by: Bill Gates
      “Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlB
    • Recommended by: Jeff Bezos
      “Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKe
    • Recommended by: Elon Musk
      “Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhw
    • Recommended by: Tony Hsieh
      “Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQ
    • Recommended by: Warren Buffet
      “Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06
    • Recommended by: Tim Cook
      “Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn

     Find all links and show notes here: https://www.startuprad.io/blog/podcast-artificial-connect-uses-ai-to-generate-automated-local-event-announcements/

    Scriptbakery taught an AI to analyze manuscripts and the emotions of a potential reader

    Scriptbakery taught an AI to analyze manuscripts and the emotions of a potential reader

    98% of the manuscripts sent to publishing houses are not read right now.
    Patrick Kaiser, COO Scriptbakery

    Media Partnership

    This interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year’s batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.

     

    The Founder

    We talk to Patrick Kaiser (https://www.linkedin.com/in/patrick-kaiser-5978ba1b6/), the COO of Scriptbakery (https://www.scriptbakery.de/), a Freiburg based startup, which taught its AI to analyze a book script and analyze the potential emotions of a reader.

    Patrick got his job as COO because he has a black belt in Kungfu. The founder of the company knows him from the Kungfu gym, where the founder was Patrick’s student.

     

    We taught our AI with 1.7 mn data points, to make it work with all European languages
    Patrick Kaiser, COO Scriptbakery

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    The largest chunk we get here as scripts are biographies by Professors and Teachers who have retired
    Patrick Kaiser, COO Scriptbakery


    Blog Post

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

  • Blockchain Germany - By Startuprad.io Podcast

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    This Month in German Startups – Summer 2020 (July, August, September)

    This Month in German Startups – Summer 2020 Wrap-Up

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

     

    Housekeeping – Time to brag 

    We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!

    Podcast Charts Appearances of Startuprad.io – Now in 39 countries

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.

     

    Video News – This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)

     

    Audio News – The audio podcast will go live at the same time

    We just need some time after the release until we can embed the Spotify player here.

     

    Top News

    Coronavirus / Curevac 

    Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine. 
    They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6

    They got visited by Elon Musk (https://buff.ly/3cjMdzf

    And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)

    And they received a large investment pre-IPO by two international heavy weights: 

    • Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD 
    • Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany’s most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk 

    Coronavirus / Potential super spreader event in the Berlin startup scene?

    deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc 

     

    Wirecard 

    We keep you updated, just a small selection of news here

    • Wirecard’s liquidator sends employees into garden leave without pay via email after 20.00 o’clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
      Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30v
    • Wirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media  https://buff.ly/2EzLhKv  
    • Berlin-based Finleap snapped up some employees there:
      Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
      More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EY
    • Berlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 
    • More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https://buff.ly/3g5kbsa 
    • German finance supervisor #bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https://buff.ly/2ZsS0NO 
    • In September a German court froze the private assets of Markus Braun (former CEO). In total authorities froze “more than 100 mn Euros” worth of assets from four people and three shareholders https://buff.ly/33MNRWd 

     

    Auto1 – Berlin-based Unicorn – plans it’s IPO (Jörn)

    But there is also happier news from Germany: 

    • New details on the planned IPO of #Berlin-based Auto1 emerged. They hired Citi and Goldman for the IPO, looking at a valuation of 5 bn € https://buff.ly/3bO1HLn 
    • Related: They are looking to IPO in Frankfurt
      Auto1 likely preparing for IPO in Frankfurt – AIM Group https://buff.ly/356cBuV 

     

     

    Germany’s formerly most valuable fintech has to file for insolvency

    Monedo Holding (formerly Kreditech, and at this time Germany’s most valuable fintech) has been in trouble for some time now, but they had to open insolvency proceedings at the beginning of September https://buff.ly/3bGsUj1 

     

    Ecosystem 

    1. A network of Digital Hubs
    2. It’s all about collaboration
    3. Access to industry leaders
    4. Leading in deep tech solutions
    5. Government support 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news, rather than anything else.

    Frankfurt

    • Startup Genome: Global Startup Ecosystem Report:
      Top 7 startup cities keep their ranking in 2020 — but new players are on the rise https://buff.ly/2ZaUhfd
      Frankfurt makes Top 20 Knowledge and Top 30 Funding
      Berlin making No 16 – Overall
      Bern Geneva from Switzerland and Munich are also doing well
    • Deutsche Bank buys stake in Frankfurt-based Supply Chain #financing #fintech Traxpay https://buff.ly/3g6loPR  No further deal details (e.g. price) have been disclosed
    • German business magazine Capital tested 34 robo-advisors. Out of those three #Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest, Zeedin and Bevestor https://buff.ly/2ODZVSx  
    • Business Insider Ranking: Top 100 fastest growing companies in Germany. From the Frankfurt Area
      No 12 Stoertebekker Shaving Accessories (https://en.wikipedia.org/wiki/Klaus_St%C3%B6rtebeker)
      No 33 ChemSQURE
      No 46 WiWin
      No 49 Meshcloud (Learn more about Meshcloud here https://buff.ly/2X2DMQA
      https://buff.ly/2ZgNQbR
    • “Frankfurt’s FinTech Agora Innovation, with its iVE.ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area.” https://buff.ly/33AlUkg
      Related Interview on upcoming law for tokenization of securities https://buff.ly/339VKVr 
    • Brockhaus Capital Management lPOs in Frankfurt in Prime Standard. They raise 115 mn Euros to invest in mid-sized tech companies https://buff.ly/2B5fq2I 

    Darmstadt (also Rhine-Main Area)

    • Boston Dynamics, Merck, and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https://buff.ly/32fCoP8
    • You can learn more about the startup here in our interview https://buff.ly/2ZscWo2

    Stuttgart

    • Start-up Roadjet from Stuttgart: Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB (Germany’s rail operator) https://buff.ly/3jw13FK 

    Bonn

    • Goldman Sachs invests the majority of new 70,5 mn Euros #VentureCapital in Bonn-based IT startup Leanix. The company provides cloud-based solutions for Bosch, VW, consultancies, and others https://buff.ly/2Zrz0iW
      Related (same news, another source):
      Goldman Sachs, Insight Partners, DTCP, Capnamic Ventures and Iris Capital invest 80 mn US$ in LeanIX, bringing the total to 120 mn. The company offers software to optimize IT structures. https://buff.ly/38DzNQQ

     

    Munich

    • Munich-based 2trde – a competitor of Berlin’s Auto1 – raises 2.5 mn Euros with Israel-based VC Maniv Mobility as lead investor https://buff.ly/2ZLktxC

     

    Bruchsal (a city with a population of less than 45.000 people) 

    • German drone startup Volocopter is now accepting reservations for electric air taxi flights https://buff.ly/2EdwF3n 

    Hamburg

    • Hamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down. The service will be stopped end of September https://buff.ly/3latFoV 

    Trier 

    • Since Trier appears here for the first time, let us give you a very brief overview: It is an old city, founded by the Romans and famous for their still standing black city gate, called Porta Nigra. It is a city of approx. 115.000 people, close to the border of Luxembourg
    • Two local banks from Trier invest 3,5 mn Euros in LivEye, a local startup providing video surveillance https://buff.ly/3k9D7sj 

     

    Mannheim

    Startup Mannheim re-branded to Next Mannheim and we have been invited. You will hear more about them in the future. https://next-mannheim.de/en/ 

     

    Companies

    • We interviewed #Berlin-based #challenger Bank Bitwala in April, now they are offering 2% interest on savings accounts when other banks are asking for money to hold savings https://buff.ly/3k4MPvh
      Our interview https://buff.ly/307a5Sa 
    • Deutsche Bank gets double hit in digital strategy:
      1) They shut down their investment the virtual wallet startup Yunar
      2) Zeitgold, the accounting software pivots
      https://buff.ly/2PklhVe
      Related article to Zeitgold: Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital. For outsiders a surprise, but there is an article speaking of „absolute chaos“ before the decision https://buff.ly/33HYlaL 
    • Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros (of which 86 mn in cash) https://buff.ly/38ZKjCd
    • Bonds Bonds Bonds
      Delivery Hero wants to raise up to 1.5 bn € with a convertible note https://buff.ly/3iH1X1X
      Zalando sells bonds worth 1 bn € https://buff.ly/31fIgX7 
    • Hedosophia from London has been one of the most important investors in the #German #fintech scene. Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https://buff.ly/3l5Kam2 
    • Berlin-based traveltech Omio raises 84 mn Euros. Investors include Temasek, Kinnevik, Goldman Sachs and Kleiner Perkins https://buff.ly/323BCUh 
    • Henkel buys 75% of beauty product brand HelloBody https://buff.ly/3iaHjpX – Henkel produces many household names from washing powder (Persil), to glue (Pattex, Pritt) to detergents (Pril, Biff) and even wallpaper paste (Metylan) 
    • FinanceFWD takes a look into Kinnevik’s reports and looks at the impact of the fintech valuation using DCF https://buff.ly/3jssTTF
      Deposit Solutions valued at 450 mn € ( Deutsche Bank invested in September for 1 bn Euros)
      Betterment valued at 666 mn Euros (a drop of 100 mn Euros)
    • Siemens to cooperate with Berlin-based fintech Raisin on pensions https://buff.ly/3jp79ru find the interview with the founder of raisin here: https://www.startuprad.io/interviews/raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup/ 
    • Berlin-based Sequoia investment, the travel tech startup Tourlane is in trouble, but it’s founder is optimistic. 80% of its clients are booking long-distance trips. They are back to 20-30% of pre-corona business https://buff.ly/2Fxa6HD 
    • Freeletics raises 25 mn Venture Capital to extend the offering to Japan, North, and South America. Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes. https://buff.ly/32JT2qF  
    • Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation – TechCrunch https://buff.ly/2FFIFLw 
    • Berlin-based startup Sennder has bought a chunk of Uber https://buff.ly/3c5aM2N
      “Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market.
      As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. “
    • Rocket Internet half-year report:
      9 startups shut down, 5 new
      startup equity valuation took a 85 mn hit
      Rocket Internet Capital Partners (VC Fund) spent only 15% of it’s money so far (closed end of 2019)
      They gave out loans worth 70 mn, avg. 9.3% interest rate
      https://buff.ly/2RE3bia 
    • CHECK24 – Germany’s largest online comparison platform – is planning to attack startups in their market – tax filing, and compensation for delayed flights https://buff.ly/3hsyUhI 
    • Jacob Fatih was a refugee, then he founded fitness chain FitX in Essen, Germany. Now he wants to help start 1.000 startups there with an incubator named Crealize.  https://buff.ly/32lA5sF 
    • Employees at German fintech Taxfix cash out 3.8 mn € after share buyback | Sifted https://buff.ly/3kvi1Vq 
    • Apeiron Investment Group raises 125 mn Euro #VentureCapital fund to invest in #German #tech companies. The investors include Peter Thiel https://buff.ly/39XIDt8 
    • There was a bug in the IT of N26. Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https://buff.ly/3gYbzDM 

    Stay ahead of the curve

    Follow-Up with the Bloomberg of Crypto – CoinAnalyst

    Follow-Up with the Bloomberg of Crypto – CoinAnalyst

    After the interview in 2018, we entered the crypto winter.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    The Founder

    This interview is a follow-up to our interview in July 2018. At this time we talked with Pascal about the upcoming ICO of CoinAnalyst. Pascal Lauria (https://www.linkedin.com/in/pascallauria/) is the CEO and Co-Founder of CoinAnalyst (https://coinanalyst.tech/en/insights/), the Frankfurt-based startup still wants to be the “Bloomberg for Crypto.”

     

    The last few years for Crypto has been extremely hard.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    During the Crypto Winter, no one wanted to talk or hear about Crypto. … I was advised to reflect that in my pitch deck.
    Pascal Lauria, CEO and Co-Founder CoinAnalyst

     

    The Startup 

    CoinAnalyst (https://coinanalyst.tech/en/insights/), the Frankfurt-based startup still wants to be the “Bloomberg for Crypto.” They are themselves a spin-off of Frankfurt-based startup Cogia (https://www.cogia.de/de/), which was also founded by Pascal, where he is still the CEO. CoinAnalyst claims to have created a unique tool that helps crypto investors make more accurate predictions while trading. On their platform, they show Trends, Sentiment, Influencer talk about Crypto Currencies, Word Signals, Forecasts, and AI filtered high impact news.

    This all together is applicable to crypto coins, stocks and forex. They also have the COY token (https://www.coingecko.com/en/coins/coinanalyst), which they issued during the ICO in 2018.

     

    Disclaimer on Coins and Tokens

    Please seek professional advice, before jumping into the risky crypto space. You may want to talk to your investment advisor, as well as your tax advisor. The investments in crypto-assets are always very risky and could lead to a loss of all of your investments in a very short time. Please make your research and due diligence! This podcast provides no investment advice.

     

    Initial Exchange Offering

    At the time of publication, the COY token will have made its debut on a new crypto exchange, called an IEO (https://en.wikipedia.org/wiki/Initial_exchange_offering) at LaToken Exchange (https://latoken.com/).

    Additionally, they are going to “burn” one billion COYs from the hard cap (https://academy.binance.com/glossary/hard-cap). In Equities, this would be called a “reverse split” (https://www.investopedia.com/terms/r/reversesplit.asp) two for one.

     

    Pascals and Joe’s advice – Mediation

    Just put on your headphones and listen to a guided meditation to get you relaxed and sleep better and deeper.

    For example here is one channel Joe likes: https://www.youtube.com/channel/UC4jWo5kiyOCt4PnvF4jbaLg

     

    The Video Interview is set to go live on September 14th 2020 19.00 CET (Frankfurt/Zürich)

    https://youtu.be/yynVxYW6e0M

     

    The Audio Interview will go live at the same time

    The Audio Podcast will be published next week. Subscribe to our podcasts here

     

    Interview form 2018

    You can find the interview, announcing their ICO, here

    https://youtu.be/hU1hCM90xdc

    According to Pascal they raised more than one million Euros in cash and did a lot of swaps (meaning the exchange of COY tokens for other tokens). None the less, they did not raise as much money as they wanted to. They coined their token for 0.01$ and at the time of the recording was trading at approx. $0.002 (according to CoinGeko.com) two years down the road. Until recently (this interview will go live on September 15th) it was only available on one exchange.

     

    Feedback

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

     

    The Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

  • Security Sutra - By Startuprad.io Podcast

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    This Month in German Startups – Summer 2020 (July, August, September)

    This Month in German Startups – Summer 2020 Wrap-Up

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

     

    Housekeeping – Time to brag 

    We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!

    Podcast Charts Appearances of Startuprad.io – Now in 39 countries[/caption]

     

     As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.

     

    Video News – This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)

     

    Audio News – The audio podcast will go live at the same time

    We just need some time after the release until we can embed the Spotify player here.

     

    Top News

    Coronavirus / Curevac 

    Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine. 
    They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6

    They got visited by Elon Musk (https://buff.ly/3cjMdzf

    And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)

    And they received a large investment pre-IPO by two international heavy weights: 

    • Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD 
    • Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany’s most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk 

    Coronavirus / Potential super spreader event in the Berlin startup scene?

    deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc 

     

    Wirecard 

    We keep you updated, just a small selection of news here

    • Wirecard’s liquidator sends employees into garden leave without pay via email after 20.00 o’clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
      Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30v
    • Wirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media  https://buff.ly/2EzLhKv  
    • Berlin-based Finleap snapped up some employees there:
      Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
      More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EY
    • Berlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 
    • More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https://buff.ly/3g5kbsa 
    • German finance supervisor #bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https://buff.ly/2ZsS0NO 
    • In September a German court froze the private assets of Markus Braun (former CEO). In total authorities froze “more than 100 mn Euros” worth of assets from four people and three shareholders https://buff.ly/33MNRWd 

     

    Auto1 – Berlin-based Unicorn – plans it’s IPO (Jörn)

    But there is also happier news from Germany: 

    • New details on the planned IPO of #Berlin-based Auto1 emerged. They hired Citi and Goldman for the IPO, looking at a valuation of 5 bn € https://buff.ly/3bO1HLn 
    • Related: They are looking to IPO in Frankfurt
      Auto1 likely preparing for IPO in Frankfurt – AIM Group https://buff.ly/356cBuV 

     

     

    Germany’s formerly most valuable fintech has to file for insolvency

    Monedo Holding (formerly Kreditech, and at this time Germany’s most valuable fintech) has been in trouble for some time now, but they had to open insolvency proceedings at the beginning of September https://buff.ly/3bGsUj1 

     

    Ecosystem 

    1. A network of Digital Hubs
    2. It’s all about collaboration
    3. Access to industry leaders
    4. Leading in deep tech solutions
    5. Government support 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news, rather than anything else.

    Frankfurt

    • Startup Genome: Global Startup Ecosystem Report:
      Top 7 startup cities keep their ranking in 2020 — but new players are on the rise https://buff.ly/2ZaUhfd
      Frankfurt makes Top 20 Knowledge and Top 30 Funding
      Berlin making No 16 – Overall
      Bern Geneva from Switzerland and Munich are also doing well
    • Deutsche Bank buys stake in Frankfurt-based Supply Chain #financing #fintech Traxpay https://buff.ly/3g6loPR  No further deal details (e.g. price) have been disclosed
    • German business magazine Capital tested 34 robo-advisors. Out of those three #Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest, Zeedin and Bevestor https://buff.ly/2ODZVSx  
    • Business Insider Ranking: Top 100 fastest growing companies in Germany. From the Frankfurt Area
      No 12 Stoertebekker Shaving Accessories (https://en.wikipedia.org/wiki/Klaus_St%C3%B6rtebeker)
      No 33 ChemSQURE
      No 46 WiWin
      No 49 Meshcloud (Learn more about Meshcloud here https://buff.ly/2X2DMQA
      https://buff.ly/2ZgNQbR
    • “Frankfurt’s FinTech Agora Innovation, with its iVE.ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area.” https://buff.ly/33AlUkg
      Related Interview on upcoming law for tokenization of securities https://buff.ly/339VKVr 
    • Brockhaus Capital Management lPOs in Frankfurt in Prime Standard. They raise 115 mn Euros to invest in mid-sized tech companies https://buff.ly/2B5fq2I 

    Darmstadt (also Rhine-Main Area)

    • Boston Dynamics, Merck, and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https://buff.ly/32fCoP8
    • You can learn more about the startup here in our interview https://buff.ly/2ZscWo2

    Stuttgart

    • Start-up Roadjet from Stuttgart: Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB (Germany’s rail operator) https://buff.ly/3jw13FK 

    Bonn

    • Goldman Sachs invests the majority of new 70,5 mn Euros #VentureCapital in Bonn-based IT startup Leanix. The company provides cloud-based solutions for Bosch, VW, consultancies, and others https://buff.ly/2Zrz0iW
      Related (same news, another source):
      Goldman Sachs, Insight Partners, DTCP, Capnamic Ventures and Iris Capital invest 80 mn US$ in LeanIX, bringing the total to 120 mn. The company offers software to optimize IT structures. https://buff.ly/38DzNQQ

     

    Munich

    • Munich-based 2trde – a competitor of Berlin’s Auto1 – raises 2.5 mn Euros with Israel-based VC Maniv Mobility as lead investor https://buff.ly/2ZLktxC

     

    Bruchsal (a city with a population of less than 45.000 people) 

    • German drone startup Volocopter is now accepting reservations for electric air taxi flights https://buff.ly/2EdwF3n 

    Hamburg

    • Hamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down. The service will be stopped end of September https://buff.ly/3latFoV 

    Trier 

    • Since Trier appears here for the first time, let us give you a very brief overview: It is an old city, founded by the Romans and famous for their still standing black city gate, called Porta Nigra. It is a city of approx. 115.000 people, close to the border of Luxembourg
    • Two local banks from Trier invest 3,5 mn Euros in LivEye, a local startup providing video surveillance https://buff.ly/3k9D7sj 

     

    Mannheim

    Startup Mannheim re-branded to Next Mannheim and we have been invited. You will hear more about them in the future. https://next-mannheim.de/en/ 

     

    Companies

    • We interviewed #Berlin-based #challenger Bank Bitwala in April, now they are offering 2% interest on savings accounts when other banks are asking for money to hold savings https://buff.ly/3k4MPvh
      Our interview https://buff.ly/307a5Sa 
    • Deutsche Bank gets double hit in digital strategy:
      1) They shut down their investment the virtual wallet startup Yunar
      2) Zeitgold, the accounting software pivots
      https://buff.ly/2PklhVe
      Related article to Zeitgold: Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital. For outsiders a surprise, but there is an article speaking of „absolute chaos“ before the decision https://buff.ly/33HYlaL 
    • Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros (of which 86 mn in cash) https://buff.ly/38ZKjCd
    • Bonds Bonds Bonds
      Delivery Hero wants to raise up to 1.5 bn € with a convertible note https://buff.ly/3iH1X1X
      Zalando sells bonds worth 1 bn € https://buff.ly/31fIgX7 
    • Hedosophia from London has been one of the most important investors in the #German #fintech scene. Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https://buff.ly/3l5Kam2 
    • Berlin-based traveltech Omio raises 84 mn Euros. Investors include Temasek, Kinnevik, Goldman Sachs and Kleiner Perkins https://buff.ly/323BCUh 
    • Henkel buys 75% of beauty product brand HelloBody https://buff.ly/3iaHjpX – Henkel produces many household names from washing powder (Persil), to glue (Pattex, Pritt) to detergents (Pril, Biff) and even wallpaper paste (Metylan) 
    • FinanceFWD takes a look into Kinnevik’s reports and looks at the impact of the fintech valuation using DCF https://buff.ly/3jssTTF
      Deposit Solutions valued at 450 mn € ( Deutsche Bank invested in September for 1 bn Euros)
      Betterment valued at 666 mn Euros (a drop of 100 mn Euros)
    • Siemens to cooperate with Berlin-based fintech Raisin on pensions https://buff.ly/3jp79ru find the interview with the founder of raisin here: https://www.startuprad.io/interviews/raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup/ 
    • Berlin-based Sequoia investment, the travel tech startup Tourlane is in trouble, but it’s founder is optimistic. 80% of its clients are booking long-distance trips. They are back to 20-30% of pre-corona business https://buff.ly/2Fxa6HD 
    • Freeletics raises 25 mn Venture Capital to extend the offering to Japan, North, and South America. Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes. https://buff.ly/32JT2qF  
    • Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation – TechCrunch https://buff.ly/2FFIFLw 
    • Berlin-based startup Sennder has bought a chunk of Uber https://buff.ly/3c5aM2N
      “Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market.
      As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. “
    • Rocket Internet half-year report:
      9 startups shut down, 5 new
      startup equity valuation took a 85 mn hit
      Rocket Internet Capital Partners (VC Fund) spent only 15% of it’s money so far (closed end of 2019)
      They gave out loans worth 70 mn, avg. 9.3% interest rate
      https://buff.ly/2RE3bia 
    • CHECK24 – Germany’s largest online comparison platform – is planning to attack startups in their market – tax filing, and compensation for delayed flights https://buff.ly/3hsyUhI 
    • Jacob Fatih was a refugee, then he founded fitness chain FitX in Essen, Germany. Now he wants to help start 1.000 startups there with an incubator named Crealize.  https://buff.ly/32lA5sF 
    • Employees at German fintech Taxfix cash out 3.8 mn € after share buyback | Sifted https://buff.ly/3kvi1Vq 
    • Apeiron Investment Group raises 125 mn Euro #VentureCapital fund to invest in #German #tech companies. The investors include Peter Thiel https://buff.ly/39XIDt8 
    • There was a bug in the IT of N26. Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https://buff.ly/3gYbzDM 

    Stay ahead of the curve

    Biweekly publication in summer break

    Our founder

    A summer message from our founder Jörn “Joe” Menninger (LinkedInTwitterCrunchbase) in times of Corona.

    https://www.instagram.com/p/CCGvgRhIKAw/

    Hello and welcome, everybody, this is Joe – Founder and Host – of Startuprad.io. It is the beginning of July and I wanted to take the opportunity to reach out to you.

    First, I wanted to wish you a great summer – as great as it can be under the current circumstances.

    Second, I wanted to let you know that for July and August we take some time off. Our news is in the regular summer break – Enjoy your summer in New York Chris!

    We will also publish interviews only every other week. We normally used summer to publish interviews from our backlog, but since there have been almost no events we attended in person, there is less backlog.

    We will be back to a weekly publishing schedule in September. Until then, enjoy your time and thank you to all our listeners, who made us reach the podcast charts in now 35 countries across the world. The last ones added have been Hong Kong and Kuwait.

    If you like our podcast, consider supporting us on Patreon.

    Have a great summer and see you again in September!

    Patreon

    You can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content.

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

    Feedback – Suggest Interview Partners and more

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

    Video – Enjoy the summer – As much as you can and stay safe

    https://youtu.be/cmCgRkvO7xY

     

  • Tech Startups Germany (Audio) Podcast

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    doks. innovation enables indoor drone flights for next level digital logistics

    doks. innovation enables indoor drone flights for next-level digital logistics

    Inside a building GPS does not work. We use a combination of global mapping and local mapping… it is very very complex.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    The Founder

    In this interview, we talk to Benjamin Federmann (https://www.linkedin.com/in/benjaminfedermann/) the CEO and Co-Founder of Kassel-based drone startup doks. innovation (https://www.doks-innovation.com/). D oks.innovation is not a hardware startup, they only provide  Benjamin has spent some time after university in marketing and consulting for some smaller and also well-known companies like Leica.

     

    The feedback from the interviews I conducted was so good, I was sure I needed to found the company

    Benjamin Federmann, CEO and Co-Founder doks.innovation

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview, or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    The customer can ask almost any question and find the answer in our data.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    When we started with our first prototype, we crashed 30 to 40 drones.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

    Our drone is a flying camera to collect data for the inventory management.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    The Startup

     

    The startup doks.innovation enables companies to monitor their warehouses via drones, which can fly indoors without smacking on any shelf or wall. Doks is not a hardware startup. doks.innovation provides only the ai software for the drones to enable them to fly indoors. On the other hand, they are also working closely with hardware providers, since they have very specific requirements for their drones. The drones are using cutting-edge drone hardware, which is not yet publicly available.
    The company is still small, but they have reference customers like Mars and BMW.

    Our clients have to press a button and come back 3 or 4 hours later. The data collection is totally automated. The customer can ask almost any question and can find the answer in our data.
    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Venture Capital Funding

    doks.innovation is open to talking to new investors from Europe and the US. They are looking for the next financing round in Q1 2021 and to expand to the US in 2021.

     

    When we stared there was no hardware available for what we have been looking for.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

     

    The Video Interview is set to go live on October 15th, 2020 19.00 CET Frankfurt/Paris/Zürich/Milano

    https://youtu.be/yi8SmEMuuj8

     

    Drones are good for land surveying, but are there areas where drones are currently not working? So I made more than 100 interviews in one and a half year.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Further Readings / Additional Resources

    Learn more about Kassel here: https://www.tripadvisor.com/Tourism-g187342-Kassel_Hesse-Vacations.html

     

    Feedback

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

     

    The Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

    This Month in German Startups – Summer 2020 (July, August, September)

    This Month in German Startups – Summer 2020 Wrap-Up

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

     

    Housekeeping – Time to brag 

    We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!

    Podcast Charts Appearances of Startuprad.io – Now in 39 countries

    As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.

     

    Video News – This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)

     

    Audio News – The audio podcast will go live at the same time

    We just need some time after the release until we can embed the Spotify player here.

     

    Top News

    Coronavirus / Curevac 

    Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine. 
    They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6

    They got visited by Elon Musk (https://buff.ly/3cjMdzf

    And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)

    And they received a large investment pre-IPO by two international heavy weights: 

    • Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD 
    • Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany’s most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk 

    Coronavirus / Potential super spreader event in the Berlin startup scene?

    deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc 

     

    Wirecard 

    We keep you updated, just a small selection of news here

    • Wirecard’s liquidator sends employees into garden leave without pay via email after 20.00 o’clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
      Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30v
    • Wirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media  https://buff.ly/2EzLhKv  
    • Berlin-based Finleap snapped up some employees there:
      Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
      More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EY
    • Berlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 
    • More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https://buff.ly/3g5kbsa 
    • German finance supervisor #bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https://buff.ly/2ZsS0NO 
    • In September a German court froze the private assets of Markus Braun (former CEO). In total authorities froze “more than 100 mn Euros” worth of assets from four people and three shareholders https://buff.ly/33MNRWd 

     

    Auto1 – Berlin-based Unicorn – plans it’s IPO (Jörn)

    But there is also happier news from Germany: 

    • New details on the planned IPO of #Berlin-based Auto1 emerged. They hired Citi and Goldman for the IPO, looking at a valuation of 5 bn € https://buff.ly/3bO1HLn 
    • Related: They are looking to IPO in Frankfurt
      Auto1 likely preparing for IPO in Frankfurt – AIM Group https://buff.ly/356cBuV 

     

     

    Germany’s formerly most valuable fintech has to file for insolvency

    Monedo Holding (formerly Kreditech, and at this time Germany’s most valuable fintech) has been in trouble for some time now, but they had to open insolvency proceedings at the beginning of September https://buff.ly/3bGsUj1 

     

    Ecosystem 

    1. A network of Digital Hubs
    2. It’s all about collaboration
    3. Access to industry leaders
    4. Leading in deep tech solutions
    5. Government support 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news, rather than anything else.

    Frankfurt

    • Startup Genome: Global Startup Ecosystem Report:
      Top 7 startup cities keep their ranking in 2020 — but new players are on the rise https://buff.ly/2ZaUhfd
      Frankfurt makes Top 20 Knowledge and Top 30 Funding
      Berlin making No 16 – Overall
      Bern Geneva from Switzerland and Munich are also doing well
    • Deutsche Bank buys stake in Frankfurt-based Supply Chain #financing #fintech Traxpay https://buff.ly/3g6loPR  No further deal details (e.g. price) have been disclosed
    • German business magazine Capital tested 34 robo-advisors. Out of those three #Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest, Zeedin and Bevestor https://buff.ly/2ODZVSx  
    • Business Insider Ranking: Top 100 fastest growing companies in Germany. From the Frankfurt Area
      No 12 Stoertebekker Shaving Accessories (https://en.wikipedia.org/wiki/Klaus_St%C3%B6rtebeker)
      No 33 ChemSQURE
      No 46 WiWin
      No 49 Meshcloud (Learn more about Meshcloud here https://buff.ly/2X2DMQA
      https://buff.ly/2ZgNQbR
    • “Frankfurt’s FinTech Agora Innovation, with its iVE.ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area.” https://buff.ly/33AlUkg
      Related Interview on upcoming law for tokenization of securities https://buff.ly/339VKVr 
    • Brockhaus Capital Management lPOs in Frankfurt in Prime Standard. They raise 115 mn Euros to invest in mid-sized tech companies https://buff.ly/2B5fq2I 

    Darmstadt (also Rhine-Main Area)

    • Boston Dynamics, Merck, and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https://buff.ly/32fCoP8
    • You can learn more about the startup here in our interview https://buff.ly/2ZscWo2

    Stuttgart

    • Start-up Roadjet from Stuttgart: Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB (Germany’s rail operator) https://buff.ly/3jw13FK 

    Bonn

    • Goldman Sachs invests the majority of new 70,5 mn Euros #VentureCapital in Bonn-based IT startup Leanix. The company provides cloud-based solutions for Bosch, VW, consultancies, and others https://buff.ly/2Zrz0iW
      Related (same news, another source):
      Goldman Sachs, Insight Partners, DTCP, Capnamic Ventures and Iris Capital invest 80 mn US$ in LeanIX, bringing the total to 120 mn. The company offers software to optimize IT structures. https://buff.ly/38DzNQQ

     

    Munich

    • Munich-based 2trde – a competitor of Berlin’s Auto1 – raises 2.5 mn Euros with Israel-based VC Maniv Mobility as lead investor https://buff.ly/2ZLktxC

     

    Bruchsal (a city with a population of less than 45.000 people) 

    • German drone startup Volocopter is now accepting reservations for electric air taxi flights https://buff.ly/2EdwF3n 

    Hamburg

    • Hamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down. The service will be stopped end of September https://buff.ly/3latFoV 

    Trier 

    • Since Trier appears here for the first time, let us give you a very brief overview: It is an old city, founded by the Romans and famous for their still standing black city gate, called Porta Nigra. It is a city of approx. 115.000 people, close to the border of Luxembourg
    • Two local banks from Trier invest 3,5 mn Euros in LivEye, a local startup providing video surveillance https://buff.ly/3k9D7sj 

     

    Mannheim

    Startup Mannheim re-branded to Next Mannheim and we have been invited. You will hear more about them in the future. https://next-mannheim.de/en/ 

     

    Companies

    • We interviewed #Berlin-based #challenger Bank Bitwala in April, now they are offering 2% interest on savings accounts when other banks are asking for money to hold savings https://buff.ly/3k4MPvh
      Our interview https://buff.ly/307a5Sa 
    • Deutsche Bank gets double hit in digital strategy:
      1) They shut down their investment the virtual wallet startup Yunar
      2) Zeitgold, the accounting software pivots
      https://buff.ly/2PklhVe
      Related article to Zeitgold: Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital. For outsiders a surprise, but there is an article speaking of „absolute chaos“ before the decision https://buff.ly/33HYlaL 
    • Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros (of which 86 mn in cash) https://buff.ly/38ZKjCd
    • Bonds Bonds Bonds
      Delivery Hero wants to raise up to 1.5 bn € with a convertible note https://buff.ly/3iH1X1X
      Zalando sells bonds worth 1 bn € https://buff.ly/31fIgX7 
    • Hedosophia from London has been one of the most important investors in the #German #fintech scene. Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https://buff.ly/3l5Kam2 
    • Berlin-based traveltech Omio raises 84 mn Euros. Investors include Temasek, Kinnevik, Goldman Sachs and Kleiner Perkins https://buff.ly/323BCUh 
    • Henkel buys 75% of beauty product brand HelloBody https://buff.ly/3iaHjpX – Henkel produces many household names from washing powder (Persil), to glue (Pattex, Pritt) to detergents (Pril, Biff) and even wallpaper paste (Metylan) 
    • FinanceFWD takes a look into Kinnevik’s reports and looks at the impact of the fintech valuation using DCF https://buff.ly/3jssTTF
      Deposit Solutions valued at 450 mn € ( Deutsche Bank invested in September for 1 bn Euros)
      Betterment valued at 666 mn Euros (a drop of 100 mn Euros)
    • Siemens to cooperate with Berlin-based fintech Raisin on pensions https://buff.ly/3jp79ru find the interview with the founder of raisin here: https://www.startuprad.io/interviews/raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup/ 
    • Berlin-based Sequoia investment, the travel tech startup Tourlane is in trouble, but it’s founder is optimistic. 80% of its clients are booking long-distance trips. They are back to 20-30% of pre-corona business https://buff.ly/2Fxa6HD 
    • Freeletics raises 25 mn Venture Capital to extend the offering to Japan, North, and South America. Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes. https://buff.ly/32JT2qF  
    • Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation – TechCrunch https://buff.ly/2FFIFLw 
    • Berlin-based startup Sennder has bought a chunk of Uber https://buff.ly/3c5aM2N
      “Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market.
      As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. “
    • Rocket Internet half-year report:
      9 startups shut down, 5 new
      startup equity valuation took a 85 mn hit
      Rocket Internet Capital Partners (VC Fund) spent only 15% of it’s money so far (closed end of 2019)
      They gave out loans worth 70 mn, avg. 9.3% interest rate
      https://buff.ly/2RE3bia 
    • CHECK24 – Germany’s largest online comparison platform – is planning to attack startups in their market – tax filing, and compensation for delayed flights https://buff.ly/3hsyUhI 
    • Jacob Fatih was a refugee, then he founded fitness chain FitX in Essen, Germany. Now he wants to help start 1.000 startups there with an incubator named Crealize.  https://buff.ly/32lA5sF 
    • Employees at German fintech Taxfix cash out 3.8 mn € after share buyback | Sifted https://buff.ly/3kvi1Vq 
    • Apeiron Investment Group raises 125 mn Euro #VentureCapital fund to invest in #German #tech companies. The investors include Peter Thiel https://buff.ly/39XIDt8 
    • There was a bug in the IT of N26. Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https://buff.ly/3gYbzDM 

    Stay ahead of the curve

  • Tech Startups Germany (Video) Podcast

    doks. innovation enables indoor drone flights for next level digital logistics

    doks. innovation enables indoor drone flights for next-level digital logistics

    Inside a building GPS does not work. We use a combination of global mapping and local mapping… it is very very complex.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    The Founder

    In this interview, we talk to Benjamin Federmann (https://www.linkedin.com/in/benjaminfedermann/) the CEO and Co-Founder of Kassel-based drone startup doks. innovation (https://www.doks-innovation.com/). D oks.innovation is not a hardware startup, they only provide  Benjamin has spent some time after university in marketing and consulting for some smaller and also well-known companies like Leica.

     

    The feedback from the interviews I conducted was so good, I was sure I needed to found the company

    Benjamin Federmann, CEO and Co-Founder doks.innovation

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview, or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    The customer can ask almost any question and find the answer in our data.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    When we started with our first prototype, we crashed 30 to 40 drones.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

    Our drone is a flying camera to collect data for the inventory management.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    The Startup

     

    The startup doks.innovation enables companies to monitor their warehouses via drones, which can fly indoors without smacking on any shelf or wall. Doks is not a hardware startup. doks.innovation provides only the ai software for the drones to enable them to fly indoors. On the other hand, they are also working closely with hardware providers, since they have very specific requirements for their drones. The drones are using cutting-edge drone hardware, which is not yet publicly available.
    The company is still small, but they have reference customers like Mars and BMW.

    Our clients have to press a button and come back 3 or 4 hours later. The data collection is totally automated. The customer can ask almost any question and can find the answer in our data.
    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Venture Capital Funding

    doks.innovation is open to talking to new investors from Europe and the US. They are looking for the next financing round in Q1 2021 and to expand to the US in 2021.

     

    When we stared there was no hardware available for what we have been looking for.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

     

    The Video Interview is set to go live on October 15th, 2020 19.00 CET Frankfurt/Paris/Zürich/Milano

    https://youtu.be/yi8SmEMuuj8

     

    Drones are good for land surveying, but are there areas where drones are currently not working? So I made more than 100 interviews in one and a half year.

    Benjamin Federmann, CEO and Co-Founder doks.innovation

     

    Further Readings / Additional Resources

    Learn more about Kassel here: https://www.tripadvisor.com/Tourism-g187342-Kassel_Hesse-Vacations.html

     

    Feedback

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

     

    The Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

    Cyreen provides consumer brands with brick and mortar analytics

    Cyreen provides consumer brands with brick and mortar analytics

    We analyze shopping behaviour based on the contact with an in-store commercial. Our system does not even know if you are male or female.
    Davide Scheidegger, Co-Founder Cyreen

     

    Cyreen establishes a data-driven retail media standard for consumer brands in supermarkets. Courtesy of Cyreen

    The Founder

    We talk to Davide Scheidegger (https://www.linkedin.com/in/davidescheidegger/), who is originally from Switzerland, but now lives in Wiesbaden, working with his other co-founders on their startup Cyreen (https://www.cyreen.de/). They provide with movement tracking of shopping carts and in-store-advertisements, analytics for brick and mortar retailers, as well as for retail brands.

     

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

    Find all options to subscribe here:

     

    This is kind of the best advertisement in Germany, when you say: “Today you save 20%”
    Davide Scheidegger, Co-Founder Cyreen

     

    The Startup

    Cyreen is an analytics software for inside a brick and mortar retailer. The tool tracks (anonymized) shopping carts and analyze customer behavior in the market. They can also show advertisements to the clients inside the retailer on small screens and track their efficiency. Cyreen can also include outside parameters e.g. temperature.

    Cyreen is an award-winning start-up that provides transparent, measurable and close-to-purchase marketing solutions for advertisers. They successfully launched their first product C.A.P. (Connecting Ad-Impressions with Purchase) in several stores. With C.A.P., they have developed a high-end digital signage system. For the first time, detailed advertising effectiveness analyses for offline marketing are possible according to the online logic of Facebook & Co.

    We normally don’t talk to our clients directly, but via our ad & media agencies.
    Davide Scheidegger, Co-Founder Cyreen

     

    Davide refers to this advertisement of Wiesenhof, which they helped to measure in store

    Atze Schröder Wiesenhof, was one of the commercials measured by Cyreen in-store:

    https://youtu.be/7BZfmh7JM68

     

    More information on their tool CAP – Connecting Ad-Impressions with Purchase (Cyreen is the name of the company)

    https://vimeo.com/341804155

     

    A study by the University of St. Gallen. The link will open a PDF.

     

    We even tested the advertisement for ice cream in winter.
    Davide Scheidegger, Co-Founder Cyreen

     

    Patreon

    Learn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW

     

    DueDash

    If you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there:  https://buff.ly/2R90PYp

     

    Affiliate Links

    Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d

    Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    Even though I have not been to Wiesbaden before, I fell in love with the city instantly. Mainz is not too far away and the wine is great.
    Davide Scheidegger, Co-Founder Cyreen

    The Video Interview is set to go live on September 17th 19.00 CET (Frankfurt / Zürich)

    https://youtu.be/iN0RgBpMYg8

    The Audio Interview will go live at the same time

    Subscribe to our podcasts here

     

    Further Readings / Additional Ressources

     

    Bahncard 100 https://www.bahn.com/en/view/offers/bahncard/bahncard_100-conditions.shtml

    German retailer REWE (as of end of 2019 they generated 62.7 bn Euros in revenue, almost 75 bn US$) https://en.wikipedia.org/wiki/REWE_Group

    Herbert, a German male first name: https://en.wikipedia.org/wiki/Herbert_(given_name)#:~:text=From%20Wikipedia%2C%20the%20free%20encyclopedia,names%20with%20the%20same%20roots.

    Joe refers to the shopping list app BRING! https://getbring.com/#!/app

    ALDI and Lidl (the German discounters mentioned):

     

    We normally don’t talk to our clients … but to their ad agencies.
    Davide Scheidegger, Co-Founder Cyreen

     

    Feedback

     

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

     

    The Interviewer

    This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
    LinkedIn
    Twitter
    Email

    Quoscient helps to analyze, investigate and respond to cyber-threats

    This is the last episode before our summer break of this podcast. We will be back in September!

    QuoScient helps to analyze, investigate and respond to cyber-threats

     

    Attackers are devious… During the current health crisis, they are going after health institutions and hospitals. They don’t basically care that they are doing damage to people who have already health problems.

    Ioannis Bizimis, Co-Founder QuoScient

     

     

    The Founder

    In this interview, we are talking to Ioannis Bizimis (https://www.linkedin.com/in/ioannis-bizimis-6423527/https://twitter.com/defense_active), the Co-Founder, CFO, CRO, and  CISO of QuoScient.

    Ioannis has been an Investment Manager, project lead with Dow Jones, with MarkIt, an employee of Deutsche Bank and other well-regarded companies. He has a lot of experience and with this experience, he started to set up QuoScient.

     

    One of the biggest strategies [of hackers] is to come into your network and stay there and install as many backdoors as they can. They will use them when they need it.
    Ioannis Bizimis, Co-Founder QuoScient

     

    Patreon

    You can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content.

     

    It costs hackers just a few hundred Dollars or Euros to build up an attack campaign. The effort on the other side is thousands, sometimes millions to understand this kind of campaign.

    Ioannis Bizimis, Co-Founder QuoScient 

     

    Affiliate Links

    • Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
    • Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

     

    The Startup

    QuoScient (https://www.quoscient.io/https://www.crunchbase.com/organization/quoscient)  is a cybersecurity startup, which recently split into three parts to better pursue their respective activities. Two of those entities are still headquartered in Frankfurt, one in Columbia, Maryland (close to Baltimore). They basically split along their business lines:

     

    [A company] first must understand what their most critical assets are and what are the [cyber] risks to those assets.

    Ioannis Bizimis, Co-Founder QuoScient

     

    Venture Capital Funding

    QuoScient has just raised venture capital. They may be looking at another funding round in the fall of 2020. If you want to keep posted, reach out to us.

     

    Threats can not only come from the outside. Capable hackers can also send you someone, pretending to work for you as contractor. … they do this professionally.

    Ioannis Bizimis, Co-Founder QuoScient

     

    The Video Interview is set to go live on July 2nd, 2020 19.00 CET

    https://youtu.be/qM_ngqKHuZ4

     

     

    Subscribe to our podcasts here

     

     

    Further Readings / Additional Resources

    Have a look at the other interview Joe refers to with IT SEAL:

    https://www.startuprad.io/blog/it-seal-helps-companies-to-train-their-employees-in-cyber-security/

    Feedback

     

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

  • German Startup News - by Startuprad.io Podcast

    This Month in German Startups – October 2020

    This Month in German Startups – October 2020

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW 

    Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    This Month in German Startups – Summer 2020 (July, August, September)

    This Month in German Startups – Summer 2020 Wrap-Up

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch. 

    You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

     

    Housekeeping – Time to brag 

    We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!

    Podcast Charts Appearances of Startuprad.io – Now in 39 countries

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.

     

    Video News – This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)

     

    Audio News – The audio podcast will go live at the same time

    We just need some time after the release until we can embed the Spotify player here.

     

    Top News

    Coronavirus / Curevac 

    Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine. 
    They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6

    They got visited by Elon Musk (https://buff.ly/3cjMdzf

    And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)

    And they received a large investment pre-IPO by two international heavy weights: 

    • Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD 
    • Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany’s most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk 

    Coronavirus / Potential super spreader event in the Berlin startup scene?

    deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc 

     

    Wirecard 

    We keep you updated, just a small selection of news here

    • Wirecard’s liquidator sends employees into garden leave without pay via email after 20.00 o’clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
      Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30v
    • Wirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media  https://buff.ly/2EzLhKv  
    • Berlin-based Finleap snapped up some employees there:
      Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
      More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EY
    • Berlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 
    • More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https://buff.ly/3g5kbsa 
    • German finance supervisor #bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https://buff.ly/2ZsS0NO 
    • In September a German court froze the private assets of Markus Braun (former CEO). In total authorities froze “more than 100 mn Euros” worth of assets from four people and three shareholders https://buff.ly/33MNRWd 

     

    Auto1 – Berlin-based Unicorn – plans it’s IPO (Jörn)

    But there is also happier news from Germany: 

    • New details on the planned IPO of #Berlin-based Auto1 emerged. They hired Citi and Goldman for the IPO, looking at a valuation of 5 bn € https://buff.ly/3bO1HLn 
    • Related: They are looking to IPO in Frankfurt
      Auto1 likely preparing for IPO in Frankfurt – AIM Group https://buff.ly/356cBuV 

     

     

    Germany’s formerly most valuable fintech has to file for insolvency

    Monedo Holding (formerly Kreditech, and at this time Germany’s most valuable fintech) has been in trouble for some time now, but they had to open insolvency proceedings at the beginning of September https://buff.ly/3bGsUj1 

     

    Ecosystem 

    1. A network of Digital Hubs
    2. It’s all about collaboration
    3. Access to industry leaders
    4. Leading in deep tech solutions
    5. Government support 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news, rather than anything else.

    Frankfurt

    • Startup Genome: Global Startup Ecosystem Report:
      Top 7 startup cities keep their ranking in 2020 — but new players are on the rise https://buff.ly/2ZaUhfd
      Frankfurt makes Top 20 Knowledge and Top 30 Funding
      Berlin making No 16 – Overall
      Bern Geneva from Switzerland and Munich are also doing well
    • Deutsche Bank buys stake in Frankfurt-based Supply Chain #financing #fintech Traxpay https://buff.ly/3g6loPR  No further deal details (e.g. price) have been disclosed
    • German business magazine Capital tested 34 robo-advisors. Out of those three #Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest, Zeedin and Bevestor https://buff.ly/2ODZVSx  
    • Business Insider Ranking: Top 100 fastest growing companies in Germany. From the Frankfurt Area
      No 12 Stoertebekker Shaving Accessories (https://en.wikipedia.org/wiki/Klaus_St%C3%B6rtebeker)
      No 33 ChemSQURE
      No 46 WiWin
      No 49 Meshcloud (Learn more about Meshcloud here https://buff.ly/2X2DMQA
      https://buff.ly/2ZgNQbR
    • “Frankfurt’s FinTech Agora Innovation, with its iVE.ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area.” https://buff.ly/33AlUkg
      Related Interview on upcoming law for tokenization of securities https://buff.ly/339VKVr 
    • Brockhaus Capital Management lPOs in Frankfurt in Prime Standard. They raise 115 mn Euros to invest in mid-sized tech companies https://buff.ly/2B5fq2I 

    Darmstadt (also Rhine-Main Area)

    • Boston Dynamics, Merck, and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https://buff.ly/32fCoP8
    • You can learn more about the startup here in our interview https://buff.ly/2ZscWo2

    Stuttgart

    • Start-up Roadjet from Stuttgart: Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB (Germany’s rail operator) https://buff.ly/3jw13FK 

    Bonn

    • Goldman Sachs invests the majority of new 70,5 mn Euros #VentureCapital in Bonn-based IT startup Leanix. The company provides cloud-based solutions for Bosch, VW, consultancies, and others https://buff.ly/2Zrz0iW
      Related (same news, another source):
      Goldman Sachs, Insight Partners, DTCP, Capnamic Ventures and Iris Capital invest 80 mn US$ in LeanIX, bringing the total to 120 mn. The company offers software to optimize IT structures. https://buff.ly/38DzNQQ

     

    Munich

    • Munich-based 2trde – a competitor of Berlin’s Auto1 – raises 2.5 mn Euros with Israel-based VC Maniv Mobility as lead investor https://buff.ly/2ZLktxC

     

    Bruchsal (a city with a population of less than 45.000 people) 

    • German drone startup Volocopter is now accepting reservations for electric air taxi flights https://buff.ly/2EdwF3n 

    Hamburg

    • Hamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down. The service will be stopped end of September https://buff.ly/3latFoV 

    Trier 

    • Since Trier appears here for the first time, let us give you a very brief overview: It is an old city, founded by the Romans and famous for their still standing black city gate, called Porta Nigra. It is a city of approx. 115.000 people, close to the border of Luxembourg
    • Two local banks from Trier invest 3,5 mn Euros in LivEye, a local startup providing video surveillance https://buff.ly/3k9D7sj 

     

    Mannheim

    Startup Mannheim re-branded to Next Mannheim and we have been invited. You will hear more about them in the future. https://next-mannheim.de/en/ 

     

    Companies

    • We interviewed #Berlin-based #challenger Bank Bitwala in April, now they are offering 2% interest on savings accounts when other banks are asking for money to hold savings https://buff.ly/3k4MPvh
      Our interview https://buff.ly/307a5Sa 
    • Deutsche Bank gets double hit in digital strategy:
      1) They shut down their investment the virtual wallet startup Yunar
      2) Zeitgold, the accounting software pivots
      https://buff.ly/2PklhVe
      Related article to Zeitgold: Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital. For outsiders a surprise, but there is an article speaking of „absolute chaos“ before the decision https://buff.ly/33HYlaL 
    • Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros (of which 86 mn in cash) https://buff.ly/38ZKjCd
    • Bonds Bonds Bonds
      Delivery Hero wants to raise up to 1.5 bn € with a convertible note https://buff.ly/3iH1X1X
      Zalando sells bonds worth 1 bn € https://buff.ly/31fIgX7 
    • Hedosophia from London has been one of the most important investors in the #German #fintech scene. Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https://buff.ly/3l5Kam2 
    • Berlin-based traveltech Omio raises 84 mn Euros. Investors include Temasek, Kinnevik, Goldman Sachs and Kleiner Perkins https://buff.ly/323BCUh 
    • Henkel buys 75% of beauty product brand HelloBody https://buff.ly/3iaHjpX – Henkel produces many household names from washing powder (Persil), to glue (Pattex, Pritt) to detergents (Pril, Biff) and even wallpaper paste (Metylan) 
    • FinanceFWD takes a look into Kinnevik’s reports and looks at the impact of the fintech valuation using DCF https://buff.ly/3jssTTF
      Deposit Solutions valued at 450 mn € ( Deutsche Bank invested in September for 1 bn Euros)
      Betterment valued at 666 mn Euros (a drop of 100 mn Euros)
    • Siemens to cooperate with Berlin-based fintech Raisin on pensions https://buff.ly/3jp79ru find the interview with the founder of raisin here: https://www.startuprad.io/interviews/raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup/ 
    • Berlin-based Sequoia investment, the travel tech startup Tourlane is in trouble, but it’s founder is optimistic. 80% of its clients are booking long-distance trips. They are back to 20-30% of pre-corona business https://buff.ly/2Fxa6HD 
    • Freeletics raises 25 mn Venture Capital to extend the offering to Japan, North, and South America. Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes. https://buff.ly/32JT2qF  
    • Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation – TechCrunch https://buff.ly/2FFIFLw 
    • Berlin-based startup Sennder has bought a chunk of Uber https://buff.ly/3c5aM2N
      “Berlin-based startup sennder has acquired Uber’s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market.
      As part of the transaction, sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme, where sennder will refer US freight customers to Uber and vice versa. “
    • Rocket Internet half-year report:
      9 startups shut down, 5 new
      startup equity valuation took a 85 mn hit
      Rocket Internet Capital Partners (VC Fund) spent only 15% of it’s money so far (closed end of 2019)
      They gave out loans worth 70 mn, avg. 9.3% interest rate
      https://buff.ly/2RE3bia 
    • CHECK24 – Germany’s largest online comparison platform – is planning to attack startups in their market – tax filing, and compensation for delayed flights https://buff.ly/3hsyUhI 
    • Jacob Fatih was a refugee, then he founded fitness chain FitX in Essen, Germany. Now he wants to help start 1.000 startups there with an incubator named Crealize.  https://buff.ly/32lA5sF 
    • Employees at German fintech Taxfix cash out 3.8 mn € after share buyback | Sifted https://buff.ly/3kvi1Vq 
    • Apeiron Investment Group raises 125 mn Euro #VentureCapital fund to invest in #German #tech companies. The investors include Peter Thiel https://buff.ly/39XIDt8 
    • There was a bug in the IT of N26. Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https://buff.ly/3gYbzDM 

    Stay ahead of the curve

    This Month in German Startups – June 2020

    This Month in German Startups – June 2020

    Intro

    Today we are going to talk about German startups, in the process of producing vaccines for Covid19, the potential accounting fraud at Wirecard, startups in Frankfurt, Munich, Cologne and Berlin, and the 110th Birthday of Konrad Zuse, the inventor of the modern-day computer.

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Reach out to us

    Patreon

    If you like our podcast, consider supporting us on Patreonhttps://www.patreon.com/startupradio

     

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    The Video Interview is set to go live on Thursday, June 25th 2020

    https://youtu.be/xRNMoOSm28Y

     

    The Audio Interview is set to go live on June 30th, 2020

    The Audio Podcast will be published next week. Subscribe to our podcasts here

     

    Housekeeping – Time to brag 

    Now it is official, Startuprad.io passed several milestones. 

    1. We reached more than 200.000 subscribers for our podcasts alone! 206.014 as of today! We count subscribers, who return at least once in 7 days to our RSS feed over 90 days.
    2. We managed to score more than 1.000 days in podcast charts (iTunes, Stitcher, Spotify, and Chartable), actually, we made 1.026 days so far. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/
    3. We now scored with PR China, Croatia, and Singapore in three more countries and now we made it in 33 countries in their respective podcast charts. We are also a steady member of chartable.com’s science and tech podcast charts, for the US as well as globally. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/

    And again we have several interviews and blog posts for you. We will also have on July 1st our first live stream after corona. https://www.meetup.com/Startup-Couch-TV-Talks/events/271395382/

     

    Coronavirus / Covid19 

     

    Wirecard – This month’s top news in Germany

    Intro

    Wirecard is a company processing payments. The company works as an intermediary and guarantor between buyers and sellers and takes a commission on all transactions. They have about 5,000 employees and actually replaced Commerzbank (we will talk about them later) in DAX 30 (Germany’s equivalent of the Dow Jones Industrial Average 30). They are the first “fintech” to achieve this.

    The big problem now is that there are accounts missing, which should hold 1.9 bn Euros in cash. So these 1.9 billion are in their balance sheets, but they probably basically don’t exist. Let’s back up a bit, though.

    Find all the details in our dedicated Podcast recording (Audio, Video, and Blogpost):

    PODCAST News Wrap-up developing Wirecard story

    Ecosystem 

    • VC investments have declined by 20 percent worldwide due to the Corona crisis shows the latest report by Startup Genome https://buff.ly/3eoTdus 
    • There are approximately 900 fintech startups in Germany, of which almost 35% are headquartered in Berlin. No 2 are Hamburg and Frankfurt with 10.6% of the fintechs https://buff.ly/3egGH0v 
    • Ridepooling services are not looking good in Germany and the #coronavirus does not help. With a few exceptions no service provider generates profits and many backers may reconsider after the crisis https://buff.ly/3dopX6a 

     

    Startup Hubs

    #Frankfurt

    • Commerzbank is not really known across Germany as a big fintech investor. But this story tells how they invested in Marqeta via CommerzVentures. They invested in a 25 mn US$ round and now own (yes, there is some guesswork involved) approx. 3.5% of the company, now valued at 4.3 bn US$ – which leads to their share being valued at approx. 150 mn. This assumes CommerzVentures did not sell any shares in the meantime https://buff.ly/3dvn7gw
    • Bryter, a software toolbox – with locations in #Frankfurt, #Berlin, and #London raises 14 min Euros #VentureCapital https://buff.ly/2MrmN6m 
    • Wingcopter Awarded as Technology Pioneer by World Economic Forum – sUAS News – The Business of Drones https://buff.ly/2Azw8Hi 

    #Aachen

    #Munich

    #Cologne

    • Ford-owned Spin scooters head to Europe, starting with Germany with Cologne, Essen, and Dortmund – TechCrunch https://buff.ly/3dS2PxN

     

    Companies 

    • Researchers find exposed data on millions of users of #Berlin-based quiz app, TVSmiles – TechCrunch https://buff.ly/36ZotgX 
    • Klarna partners with Raisin to open savings accounts in Germany https://buff.ly/2BWujEy
    • Former Rocket Internet Managers start 468 Capital, a 170 mn Euros #deeptech #VentureCapital fund https://buff.ly/3d9zSMA
    • There is still life in the German-speaking startup scene. Proof here the #VentureCapital investments (in chronological order)
      • Homeday raises €40 million from Axel Springer and others for its hybrid real estate brokerage service – @tech_eu https://buff.ly/3hxYfXH
      • Berlin-based Contentful secures €71.3M funding to accelerate expansion; ropes in new CMO | @SiliconCanals https://buff.ly/3dc2k0l 
      • 83North, Microsoft|s M12 and Next47, Paua Ventures, EQT Ventures and Atlantic Labs invest 26 million Euro #VentureCapital in Wandelbots, a startup which has a tool to code for industrial robots https://buff.ly/3htkkXD #manufacturing #Germany #startups 
      • Berlin-based #fintech scale-up @smava secures €57 million in financing to maintain growth through economic downturn – @tech_eu https://buff.ly/36D3m47 
      • German #Healthcare #Jobs Startup Medwing Wins $30m Series B Round — Red Herring https://buff.ly/2AinHPW
      • Swiss SME Lending Startup Teylor Closes CHF 8 Million Funding / Expands to Germany https://buff.ly/30rMbBb
    • Sennder, a #Berlin-based logistics company, has acquired French rival Everoad to create one of the largest digital platforms for road shipments in Europe. https://buff.ly/3cJZpMd 
    • Vivid Money: How this new German #mobile #banking startup plans to challenge fintech moguls | @SiliconCanals https://buff.ly/37HGX62

     

    Happy 110th Birthday to Konrad Zuse

    Konrad Zuse was born on June 22nd, 1910. His greatest achievement was the world’s first programmable computer; the functional program-controlled Turing-complete Z3 became operational in May 1941. His company built more than 250 computers between 1949 to 1967 in Hessen. It was sold to Siemens in 1967.

    Zuse died on 18 December 1995 in Hünfeld, Hesse (near Fulda) from heart failure.

    https://en.wikipedia.org/wiki/Konrad_Zuse

     

    See you in September! We will be back with "This Month in German Startups" 
    with a summer news wrap-up end of September 2020. Enjoy your summer!

     

    Stay Ahead of the Curve

  • German Startup News (Video) Podcast

    This Month in German Startups – June 2020

    This Month in German Startups – June 2020

    Intro

    Today we are going to talk about German startups, in the process of producing vaccines for Covid19, the potential accounting fraud at Wirecard, startups in Frankfurt, Munich, Cologne and Berlin, and the 110th Birthday of Konrad Zuse, the inventor of the modern-day computer.

    Welcome to this month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City.

    Reach out to us

    Patreon

    If you like our podcast, consider supporting us on Patreonhttps://www.patreon.com/startupradio

     

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Find all options to subscribe here: 

    The Video Interview is set to go live on Thursday, June 25th 2020

    https://youtu.be/xRNMoOSm28Y

     

    The Audio Interview is set to go live on June 30th, 2020

    The Audio Podcast will be published next week. Subscribe to our podcasts here

     

    Housekeeping – Time to brag 

    Now it is official, Startuprad.io passed several milestones. 

    1. We reached more than 200.000 subscribers for our podcasts alone! 206.014 as of today! We count subscribers, who return at least once in 7 days to our RSS feed over 90 days.
    2. We managed to score more than 1.000 days in podcast charts (iTunes, Stitcher, Spotify, and Chartable), actually, we made 1.026 days so far. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/
    3. We now scored with PR China, Croatia, and Singapore in three more countries and now we made it in 33 countries in their respective podcast charts. We are also a steady member of chartable.com’s science and tech podcast charts, for the US as well as globally. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/

    And again we have several interviews and blog posts for you. We will also have on July 1st our first live stream after corona. https://www.meetup.com/Startup-Couch-TV-Talks/events/271395382/

     

    Coronavirus / Covid19 

     

    Wirecard – This month’s top news in Germany

    Intro

    Wirecard is a company processing payments. The company works as an intermediary and guarantor between buyers and sellers and takes a commission on all transactions. They have about 5,000 employees and actually replaced Commerzbank (we will talk about them later) in DAX 30 (Germany’s equivalent of the Dow Jones Industrial Average 30). They are the first “fintech” to achieve this.

    The big problem now is that there are accounts missing, which should hold 1.9 bn Euros in cash. So these 1.9 billion are in their balance sheets, but they probably basically don’t exist. Let’s back up a bit, though.

    Find all the details in our dedicated Podcast recording (Audio, Video, and Blogpost):

    PODCAST News Wrap-up developing Wirecard story

    Ecosystem 

    • VC investments have declined by 20 percent worldwide due to the Corona crisis shows the latest report by Startup Genome https://buff.ly/3eoTdus 
    • There are approximately 900 fintech startups in Germany, of which almost 35% are headquartered in Berlin. No 2 are Hamburg and Frankfurt with 10.6% of the fintechs https://buff.ly/3egGH0v 
    • Ridepooling services are not looking good in Germany and the #coronavirus does not help. With a few exceptions no service provider generates profits and many backers may reconsider after the crisis https://buff.ly/3dopX6a 

     

    Startup Hubs

    #Frankfurt

    • Commerzbank is not really known across Germany as a big fintech investor. But this story tells how they invested in Marqeta via CommerzVentures. They invested in a 25 mn US$ round and now own (yes, there is some guesswork involved) approx. 3.5% of the company, now valued at 4.3 bn US$ – which leads to their share being valued at approx. 150 mn. This assumes CommerzVentures did not sell any shares in the meantime https://buff.ly/3dvn7gw
    • Bryter, a software toolbox – with locations in #Frankfurt, #Berlin, and #London raises 14 min Euros #VentureCapital https://buff.ly/2MrmN6m 
    • Wingcopter Awarded as Technology Pioneer by World Economic Forum – sUAS News – The Business of Drones https://buff.ly/2Azw8Hi 

    #Aachen

    #Munich

    #Cologne

    • Ford-owned Spin scooters head to Europe, starting with Germany with Cologne, Essen, and Dortmund – TechCrunch https://buff.ly/3dS2PxN

     

    Companies 

    • Researchers find exposed data on millions of users of #Berlin-based quiz app, TVSmiles – TechCrunch https://buff.ly/36ZotgX 
    • Klarna partners with Raisin to open savings accounts in Germany https://buff.ly/2BWujEy
    • Former Rocket Internet Managers start 468 Capital, a 170 mn Euros #deeptech #VentureCapital fund https://buff.ly/3d9zSMA
    • There is still life in the German-speaking startup scene. Proof here the #VentureCapital investments (in chronological order)
      • Homeday raises €40 million from Axel Springer and others for its hybrid real estate brokerage service – @tech_eu https://buff.ly/3hxYfXH
      • Berlin-based Contentful secures €71.3M funding to accelerate expansion; ropes in new CMO | @SiliconCanals https://buff.ly/3dc2k0l 
      • 83North, Microsoft|s M12 and Next47, Paua Ventures, EQT Ventures and Atlantic Labs invest 26 million Euro #VentureCapital in Wandelbots, a startup which has a tool to code for industrial robots https://buff.ly/3htkkXD #manufacturing #Germany #startups 
      • Berlin-based #fintech scale-up @smava secures €57 million in financing to maintain growth through economic downturn – @tech_eu https://buff.ly/36D3m47 
      • German #Healthcare #Jobs Startup Medwing Wins $30m Series B Round — Red Herring https://buff.ly/2AinHPW
      • Swiss SME Lending Startup Teylor Closes CHF 8 Million Funding / Expands to Germany https://buff.ly/30rMbBb
    • Sennder, a #Berlin-based logistics company, has acquired French rival Everoad to create one of the largest digital platforms for road shipments in Europe. https://buff.ly/3cJZpMd 
    • Vivid Money: How this new German #mobile #banking startup plans to challenge fintech moguls | @SiliconCanals https://buff.ly/37HGX62

     

    Happy 110th Birthday to Konrad Zuse

    Konrad Zuse was born on June 22nd, 1910. His greatest achievement was the world’s first programmable computer; the functional program-controlled Turing-complete Z3 became operational in May 1941. His company built more than 250 computers between 1949 to 1967 in Hessen. It was sold to Siemens in 1967.

    Zuse died on 18 December 1995 in Hünfeld, Hesse (near Fulda) from heart failure.

    https://en.wikipedia.org/wiki/Konrad_Zuse

     

    See you in September! We will be back with "This Month in German Startups" 
    with a summer news wrap-up end of September 2020. Enjoy your summer!

     

    Stay Ahead of the Curve

    News Wrap-up developing Wirecard story

    Find all further Links and show notes on our blog post: https://www.startuprad.io/blog/news-wrap-up-developing-wirecard-story/ 

    Patreon

    You can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content.

    Affiliate Links

    • Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
    • Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

    This Month in German Startups – May 2020

    This Month in German Startups – May 2020

    If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recordings and the articles we are quoting from there. Some of the source articles are in English, some are in German.

     

    Reach out to us

    Patreon

    If you like our podcast, consider supporting us on Patreonhttps://www.patreon.com/startupradio

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

    Together with our enabler, we are running a podcast called “Tech Startups Germany”, which will focus on startups at a Serie A stage or even more mature. You will also find all the videos we produce for this podcast on our YouTube channel www.youtube.com/startupradio. This podcast is available directly on our device as an audio and video podcast. Yes, Startuprad.io makes the first downloadable video podcast. Find all options to subscribe here: 

    Video Recording – YouTube (the video will premiere on Thursday, May 28th 19.00 CET / 1 pm Eastern)

    https://youtu.be/Yu_rojiz9mw 

     

    Housekeeping – Time to brag 

    • The current situation looks a bit better, so we feel ok with a tiny bit of bragging 🙂 We made it in Russia’s Apple Tech Podcast Charts (up to #121) and PR China Apple Tech Podcast Charts (up to #485). This gets the total to 30 countries!  We are also now on Patreon. If you like your podcast, become a patron! (www.patreon.com/startupradio)
    • We published again some cool interviews, where we wanted to highlight especially this month’s interview with IDA, where we talk to the CEO and Co-Founder Hamedo Ayadi of Intelligence Data Analytics. At the start of the coronavirus outbreak, 70% of their employees worked related to aviation, which was completely stopped by one phone call. He tells the story of how they changed strategy fast to survive: https://www.startuprad.io/interviews/ida-pivoted-fast-during-corona-before-70-of-their-employees-worked-with-aviation-companies/ 

    Coronavirus / Covid19

    • German government approves the corona aid package for startups. A two billion fund will add to private funding from the package (30% private, 70% public) this is called „Corona-Matching-Fazilität“ (CMF). The package was put together quite fast since the first announcement has been in mid-April. https://buff.ly/2zFr4jL There will be another pillar, called “Startup-Schutzschild” (startup shield), which will assist the instruments of Germany’s 16 states for startups, who have no backing by investors yet. 
      • Related we found news about two of the measures of single states: 
      • Bavaria: LfA sets up a new loan program for small and very small enterprises – Munich Startup https://buff.ly/3c3MBkp 
      • Hamburg: They call their program InnoStartup – Hamburg Startups https://buff.ly/2zPOLpp (some more information in the Hamburg Hub section)
    • Corona cases in Amazon logistics center in Winsen, Germany: Verdi demands to close the location https://buff.ly/3dipDGb
    • German unicorns like Dreamlines, Flixbus, Getyourguide, Homelike, Hometogo, Omio, Tourlane and Trivago write an open letter to Google to get 75 mn € advertisement money back https://buff.ly/3f2rFMF  the letter is also signed by the head of German startup association
    • 50% of startups have 6 months to live & other insights from our COVID-19 survey – Slush https://buff.ly/2Z6J0hG 
      • Highlights:
      • Startups will need to raise funds at any cost
        • The importance of networks at a new high
        • Recruitment at a halt, but existing staff is largely kept on
        • Remote work is taking a toll “ Working from home has put a strain on startup employees.”
        • As sales drop, new winners are emerging “B2C startups are doing better than those selling B2B, and pure D2C companies have actually experienced a net increase in sales.”Good news: (Chris)
    • KML Vision is an #AI startup from Graz, Austria. It claims, it’s software could recognize Covid-19 on x-ray pictures https://buff.ly/2SA3MT3 
    • In a podcast, Marc Cuban “Why Coming Out of The Pandemic Will Be The Best Time In The History of Mankind To Start A Business” https://buff.ly/2A5ujBd 
    • He was also guest on the show of our friends at “Remote Daily”, a format building a nice business community via daily Zoom calls. There he spoke about leadership in times of crisis. https://www.youtube.com/watch?v=QcO-HmOZpv4 
    • German online grocery store food.de sees the big impact of #COVID19 on its business. They signup increased 25fold https://buff.ly/2yDt8sg 

    Affiliated Links

    • Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
    • Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

    Ecosystem 

    • German Venture Capital Barometer sets a new record low due to #Coronavirus. All indicators in the red. The business climate index for the German VC scene is calculated by the German VC and PE association (BVKAP) and KfW, the government-backed development bank https://buff.ly/2TBBfg5 The quoted specialist finds it likely the VC investors will focus on their portfolio and not make significant new investments 
    • VCs in Germany only finance 8% of startups co-founded by women.  That is 17% of their investments https://buff.ly/2YA04MP 
    • Startups banking in Germany: According to a recent analysis, approx 5% of startups in Germany have a bank account with neobank Penta. The younger the startup, the more likely they are to bank with a challenger bank. The share of established players with newly founded startups is shrinking fast, especially the share of Deutsche Bank, Commerzbank is holding up well. From the established players the German thrift organizations (Sparkassen) are the leaders in startup banking, but they are 385 institutions. Also, the Volksbanken, cooperative banks, are doing pretty well. The Volksbanken and Sparkassen are usually the only banks of which you will find branches outside of larger cities.  
    • More than 50 companies now have permits to trade in medical cannabis in Germany. This crowding leads to a decline in revenues, from „six-digit a month“ to „five-digit a month“ https://buff.ly/3ecdB1V 
      • Related:
        • More cannabis news: Deutsche-Startups has a list of 13 startups, headquartered in Germany working in the market https://buff.ly/3fMwJoI they only forgot Frankfurt-based cansativa https://buff.ly/2VT3gQT, the startup was the reason for a partial lockdown of the city, as they started out because their super-secure warehouse gave a false alarm. 

    Hubs

    This time we have to show a bit more on the less known places, where still interesting startups exist. As you know we like to highlight that here. Note on this section: The order of the articles and hubs is in the order we found them – no other particular order. 

    #Frankfurt (Rhine-Main)

    • The app Aliah supports communications in the hospital and takes away some of the burdens of the medical personal https://buff.ly/2KCssG2 
    • There is a webinar for the STEP program of the German-American Chamber of Commerce in New York City, which enables German startups to make a first “step” to New York. It will take place on June 30th form 14 – 15 CET. You can register here and startups from Hessen can apply for 1.500 Euros funding https://buff.ly/2ADFBg7 
    • Aareal Bank, Wiesbaden-based bank specializes in property financing, wants to sell shares in their IT subsidiary after pressured by an investor https://buff.ly/3dXeJGi

    Also Rhine-Main Area: Mainz

    • There is still business going on during Corona. Mainz-based Mailtastic (a GDPR conform marketing platform) completes exit („seven digits“) to New York-based Cognism https://buff.ly/2X5DpWl 

    #Munich

    • Seven digit Venture Capital investment for Erium, which helps to minimize errors in #manufacturing processes – Munich Startup https://buff.ly/2W20o5r 
    • Wikimedia Germany starts an accelerator program called Unlock in #Munich. All startups working towards an „open knowledge society“ can apply https://buff.ly/2zQ2Cw8 

    #Hamburg

    • Hamburg-based YogaEasy is booming like Netflix – Hamburg Startups https://buff.ly/35vGNO1  
    • Hamburger Corona Soforthilfe (HCS) is seen as a great success. Of the program 25 mn € are earmarked for startups (HCS InnoStartup), which already approved 2.3 mn Euros  https://buff.ly/2Xe1079  

    #Hannover

    • There are still startups founded during corona. Deutsche-Startups highlights 7, including one from Hannover https://buff.ly/3c2ELHz

    #Göppingen (close to Stuttgart) 

    • Permira sells TeamViewer shares worth $1.1 billion – Reuters
      The PE investor bought the German startup outright and listed them later at the Frankfurt stock exchange. Now they sold approx 20% of their stake https://buff.ly/36dV5Dd 

    #Düsseldorf

    #Zürich

    #Potsdam

    • German startup Flightright (a startup getting buying passenger compensation claims) sues Lufthansa due to open refunds https://buff.ly/36e5YoP 

    #Nürnberg

     

    Companies 

    • EIT Digital Challenge is looking for fast-growing European ‚deep-tech‘ companies, handing out 350k in prizes https://buff.ly/2wJwAKR
    • N26, #Berlin-based #fintech unicorn
      – felt first impact (lower transactions) in march
      – in April they sent 150 employees in government-backed Kurzarbeit (10% of their global workforce)
      • now they raise 100 mn US$, with a „steady“ valuation of 3.5 bn US$.  https://buff.ly/3b9dEtm  
        The news comes from the Vienna / Austria-based blog DerBrutkasten.at, they are usually very good, since both remaining founders are natives of Vienna (Valentin Stalf and Maximilian Tayenthal)  and moved with N26 from there to Berlin. The blog further speculates that the increase of their Series D (now 570 mn US$) – 1 ½ years after their initial Series D round –  suggests a short term need for the money. 
    • One of the former founders of #Berlin-based #todolist darling Wunderlist announces a new productivity app called Superlist https://buff.ly/3c8mE31 
    • Soundcloud founders start with a new mobility startup https://buff.ly/2YnMfB1
    • Porsche Invests in Berlin-based Blockchain Startup to develop Platform for Vehicle Management https://buff.ly/2WglSvr 
    • Jumia (started by #Berlin-based Rocket Internet): The e-commerce start-up that fell from grace via BBC Africa
      A year after its much-heralded debut on the New York Stock Exchange, e-commerce start-up Jumia has shut down in three African states, struggled to turn a profit and got dumped by its original owners,  https://buff.ly/2VNqclA?utm_source=-custom-by-source-0-
    • #Berlin-based „B2B Food Group“ with brands like Caterwings, Lemoncat, Monbanquet, and OrderIn retreats from the German home market as a consequence of #Covid19, to focus on other markets https://buff.ly/3d4kVw4 

     

    Stay Ahead of the Curve