• Startuprad.io - Startup Podcast from Germany Podcast

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    Each year cargo is stolen from at least 26.000 trucks each year in Germany, worth 2.2 bn Euros.
    Heinz Luckardt, Co-Founder KONVOI

     

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    … there is organized crime stealing from parked trucks. … We want to be preventive, before the theft happens.
    Heinz Luckardt, Co-Founder KONVOI

     

    Media Partnership

    This podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal non corona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto translate is worth it, since they also have an extensive directory of local startups on their website.

     

    Our solution will be a combination of hardware and software.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Founder

    In this interview, we talk to Heinz Luckardt (https://www.linkedin.com/in/heinz-luckhardt-a77a351a0/), Co-Founder of Hamburg-based startup KONVOI. He is originally from Frankfurt, but his studies took him to Hamburg University, where he met his co-founder. But Heinz has already traveled the world, he studied in Milano (Italy), he has been a sales intern in India, as well as working with Fraunhofer Institute. At Fraunhofer, he was working on salt-based 3d printing.

     

    The vision is later to go deep into predictive analytics, like generating heatmaps for truck thefts.
    Heinz Luckardt, Co-Founder KONVOI

     

    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

    The startup was set up already in times of corona, in October 2020. Theft of truck cargo, literally from the back of a truck, is a big problem for the trucking companies, as well as all companies using this mean of transport. So KONVOI (https://www.konvoi.eu/) provides a combination of hardware and software to prevent these thefts. Right now, they are working on the first step of the solution, but the vision is to go deep in predictive analytics.

     

    We are looking for innovative trucking companies in Germany, to give us feedback.
    Heinz Luckardt, Co-Founder KONVOI

     

    Venture Capital Funding

    KONVOI is currently not actively looking for external investors. They are currently on a government grant, funding the company at least until end of 2021.

     

    We are not focusing on one technology. We are working with radar, as well as ultra-sonic sound at the moment.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Audio Interview

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    Milan, Italy https://en.wikipedia.org/wiki/Milan

    Frauenhofer Institutes are organized in the Fraunhofer Society: https://en.wikipedia.org/wiki/Fraunhofer_Society

     

    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

     

    Follow us

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Newsletter: https://startupradio.substack.com/subscribe

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

    PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman

    PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman

    90% of the clients of robo advisors in Germany are still men. This has not changed. The interfaces look all the same. They are not targeting women properly.
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    Don’t Miss Any Blog Post, Video, or Audio Podcast

    Subscribe to our newsletter on Substack here: https://startupradio.substack.com/subscribe

     

    The Founder

    Rakuyyat Kalowole (https://www.linkedin.com/in/rukayyat-modupe-kolawole-cfa/) is originally from Nigeria but had already very interesting life. Since her regular visits to her grandmother, who was an active trader, she is fascinated with the fast pace of trading in capital markets. She studied at Georgetown University in the US, Tongji University in China, as well as Mannheim Business School in Germany. Being fascinated by capital markets all her life, it comes as no surprise, that she joined Goldman Sachs in London, as well as Bloomberg in Reuters in London as well.

    When she relocated to Germany, to study in Mannheim, she also set up a shop there with her hybrid Robo advisor for women.

     

    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

     

    On our platform there will be a lot of impact investing, so women can choose how they want to invest according to their values and needs.
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    The Startup

    PaceUp Investment (https://www.paceupinvest.com/) is a hybrid Robo advisor headquartered in Mannheim Germany. We have talked about Mannheim before, but a short wrap-up: It is the only city in Germany set up in squares. Mannheim is the first city in the world, where a car drove (Carl Benz lived close by https://en.wikipedia.org/wiki/Carl_Benz) and the place where the world’s first electric elevator was installed here in 1880 (Werner von Siemens).

    Rakuyyat set up her company PaceUP here to help women build wealth with a hybrid approach, combining remote investment advice with a Robo advisor. PaceUp provides women the tools to understand the basics. Then they offer advisory and coaching, before investing with their Robo advisor.

    Full service with License

    PacUp will be able to offer its full service only after regulatory approval. They are currently looking at Q4 2021 or Q1 2022 to go live.

    PaceUp on Social Media

     

    Venture Capital Funding

    PaceUp is currently funded by an angel investment in combination with a government grant of the state of Baden Wurttemberg. They will start their next fundraising soon, looking at 900k €.

     

    When I got in a bank to get a mortgage to buy my first apartment, my bank advisor asked me “where is your husband”. … other women had similar experiences
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    Further Readings / Additional Resources

    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

     

    Follow us

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Newsletter: https://startupradio.substack.com/subscribe

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

    This Month in German Startups – February 2021

    You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

  • Fintech Germany - By Startuprad.io Podcast

    PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman

    This is the fintech track of Startuprad.io. Find us on Twitter: https://twitter.com/fintech_germany

    Learn more about us at www.startuprad.io

    PaceUp Invest Helps Women to Create and Manage Wealth – Founded by a Woman

    90% of the clients of robo advisors in Germany are still men. This has not changed. The interfaces look all the same. They are not targeting women properly.
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    Don’t Miss Any Blog Post, Video, or Audio Podcast

    Subscribe to our newsletter on Substack here: https://startupradio.substack.com/subscribe

     

    The Founder

    Rakuyyat Kalowole (https://www.linkedin.com/in/rukayyat-modupe-kolawole-cfa/) is originally from Nigeria but had already very interesting life. Since her regular visits to her grandmother, who was an active trader, she is fascinated with the fast pace of trading in capital markets. She studied at Georgetown University in the US, Tongji University in China, as well as Mannheim Business School in Germany. Being fascinated by capital markets all her life, it comes as no surprise, that she joined Goldman Sachs in London, as well as Bloomberg in Reuters in London as well.

    When she relocated to Germany, to study in Mannheim, she also set up a shop there with her hybrid Robo advisor for women.

     

    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

     

    On our platform there will be a lot of impact investing, so women can choose how they want to invest according to their values and needs.
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    The Startup

    PaceUp Investment (https://www.paceupinvest.com/) is a hybrid Robo advisor headquartered in Mannheim Germany. We have talked about Mannheim before, but a short wrap-up: It is the only city in Germany set up in squares. Mannheim is the first city in the world, where a car drove (Carl Benz lived close by https://en.wikipedia.org/wiki/Carl_Benz) and the place where the world’s first electric elevator was installed here in 1880 (Werner von Siemens).

    Rakuyyat set up her company PaceUP here to help women build wealth with a hybrid approach, combining remote investment advice with a Robo advisor. PaceUp provides women the tools to understand the basics. Then they offer advisory and coaching, before investing with their Robo advisor.

    Full service with License

    PacUp will be able to offer its full service only after regulatory approval. They are currently looking at Q4 2021 or Q1 2022 to go live.

    PaceUp on Social Media

     

    Venture Capital Funding

    PaceUp is currently funded by an angel investment in combination with a government grant of the state of Baden Wurttemberg. They will start their next fundraising soon, looking at 900k €.

     

    When I got in a bank to get a mortgage to buy my first apartment, my bank advisor asked me “where is your husband”. … other women had similar experiences
    Rukayyat Kolawole, Founder and CEO PaceUP Investment

     

    Further Readings / Additional Resources

    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

     

    Follow us

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Newsletter: https://startupradio.substack.com/subscribe

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

    This Month in German Startups – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    Iconic holding wants to be the largest Crypto Asset Manager in Europe

    This is the fintech track of Startuprad.io. Find us on Twitter: https://twitter.com/fintech_germany

    Learn more about us at www.startuprad.io

    Iconic holding wants to be the largest Crypto Asset Manager in Europe

     

    The idea for Iconic Funds came from investor demand, to invest in cryptocurrencies with more traditional vehicles.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Founder

    Maximilian Lautenschläger (https://www.linkedin.com/in/maximilian-lautenschl%C3%A4ger/) grew up in the beautiful city of Heidelberg (https://en.wikipedia.org/wiki/Heidelberg). He stayed in the Rhein-Neckar Metropolitan Area (https://en.wikipedia.org/wiki/Rhine-Neckar) to study in Ludwigshafen and took every opportunity to study abroad. After university he started out working in consulting and found his passion in alternative investments. He started as analyst of private equity funds, moving to a venture developer position. Before joining Iconiq Lab, he has been a startup investor himself.

     

    I am not the guy who said in 2014 Bitcoin is the thing.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Startup

    Iconic Holding is the parent company of Iconic Funds. Iconic Holding originally started out as Iconiq Lab, an accelerator for ICOs, based in Frankfurt. After the end of the ICO craze, they decided what to do next and so they evolved into a crypto asset manager and Blockchain VC. The new structure was renamed to Iconic Holding (no more q).

    The crypto asset manager is called Iconic Funds (https://funds.iconicholding.com/invest/) and the blockchain venture capital arm is called Iconic Lab (https://lab.iconicholding.com/https://www.crunchbase.com/organization/iconiq-lab).

    You can find their blog on Medium here (https://iconicholding.medium.com/). Iconic Funds offers to accredit investors hedge funds, a fund domiciled in Malta and also exchange-traded notes, to get exposure to cryptocurrency.

     

    There was this craze about a thing we have never heard before, an ICO.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    Venture Capital Funding

    Iconic Holding is currently preparing the series B round.

     

    Bitcoin for me is digital gold
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Audio Interview

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    UCITS https://www.investopedia.com/terms/u/ucits.asp

    WM Daten is a financial service provider, a competitor of Bloomberg and S&P, amongst others, with a strong focus on the German-speaking area: https://www.wmdaten.de/index.php

    Asset Manager https://en.wikipedia.org/wiki/List_of_asset_management_firms

    Custodian https://www.investopedia.com/terms/c/custodian.asp

     

    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

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

  • Deep Tech Germany - by Startuprad.io Podcast

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    Each year cargo is stolen from at least 26.000 trucks each year in Germany, worth 2.2 bn Euros.
    Heinz Luckardt, Co-Founder KONVOI

     

    Don’t Miss Any Blog Post, Video, or Audio Podcast

    Subscribe to our newsletter on Substack here: https://startupradio.substack.com/subscribe

     

    … there is organized crime stealing from parked trucks. … We want to be preventive, before the theft happens.
    Heinz Luckardt, Co-Founder KONVOI

     

    Media Partnership

    This podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal non corona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto translate is worth it, since they also have an extensive directory of local startups on their website.

     

    Our solution will be a combination of hardware and software.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Founder

    In this interview, we talk to Heinz Luckardt (https://www.linkedin.com/in/heinz-luckhardt-a77a351a0/), Co-Founder of Hamburg-based startup KONVOI. He is originally from Frankfurt, but his studies took him to Hamburg University, where he met his co-founder. But Heinz has already traveled the world, he studied in Milano (Italy), he has been a sales intern in India, as well as working with Fraunhofer Institute. At Fraunhofer, he was working on salt-based 3d printing.

     

    The vision is later to go deep into predictive analytics, like generating heatmaps for truck thefts.
    Heinz Luckardt, Co-Founder KONVOI

     

    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

    The startup was set up already in times of corona, in October 2020. Theft of truck cargo, literally from the back of a truck, is a big problem for the trucking companies, as well as all companies using this mean of transport. So KONVOI (https://www.konvoi.eu/) provides a combination of hardware and software to prevent these thefts. Right now, they are working on the first step of the solution, but the vision is to go deep in predictive analytics.

     

    We are looking for innovative trucking companies in Germany, to give us feedback.
    Heinz Luckardt, Co-Founder KONVOI

     

    Venture Capital Funding

    KONVOI is currently not actively looking for external investors. They are currently on a government grant, funding the company at least until end of 2021.

     

    We are not focusing on one technology. We are working with radar, as well as ultra-sonic sound at the moment.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Audio Interview

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    Milan, Italy https://en.wikipedia.org/wiki/Milan

    Frauenhofer Institutes are organized in the Fraunhofer Society: https://en.wikipedia.org/wiki/Fraunhofer_Society

     

    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

     

    Follow us

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Newsletter: https://startupradio.substack.com/subscribe

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

    This Month in German Startups – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    Xperience+ Wants To Change How You Watch Sports and Movies Forever

    Xperience+ Wants To Change How You Watch Sports and Movies Forever

    In 1917, an Italian guy put audio in a movie … more than 100 years later, we are still here.
    Fabrizio Gramuglio, CEO and Co-Founder Xperience+

     

    The Founder(s)

    Fabrizio is the Co-Founder and CEO of Xperience+ (https://www.linkedin.com/in/gramuglio/). Fabricio is by training a geneticist, but he found the lab work not really appealing, so he set out on a new path. Fabricio is also a Ted Speaker (https://youtu.be/Qw30kQVyvnM).

    Pedro is the CMO and Co-Founder of Xperience+ (https://www.linkedin.com/in/pedrogmferreira/), who is also the founder of the local tech blog Frankfurt Valley (http://frankfurtvalley.app/), as well as the community manager of Startuprad.io (http://www.startuprad.io/about-us/).

    Both together manage the local chapter of the singularity university (https://su.org/).

     

    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

     

    Why don’t we let life the people around the world the experiences they want – in a very immersive way?
    Fabrizio Gramuglio, CEO and Co-Founder Xperience+

     

    The Startup 

    Xperience+ (https://xperience.plus/) is not itself a hardware provider. The company offers on its app a marketplace for companies to join the Internet of Senses and use the protocols of Xperience+ for this.

    Part of the offer will also be a Library of Senses, in which experiences can be stored and retrieved at will.

     

    We are working on letting fans experience their favorite game from the perspective of a player – with all five senses. It will be totally immersive.
    Pedro Ferreira, CMO and Co-Founder Xperience+

     

    The Xperience+ App

    The app is currently not available to the public. Currently, the app is in closed beta status. They are working on the library and the option to stream videos. We will let you know when the app is available.

     

    We are working on disrupting the “old” audio and video media and bring in all the five senses.
    Fabrizio Gramuglio, CEO and Co-Founder Xperience+

     

    Venture Capital Funding

    Xperience+ has already raised a seed investment of 500.000 €. They are open to additional external investors.

     

    If this works guys, you will put every diet out of business, since people can taste everything, without gaining the calories.
    Joe Menninger, CEO and Founder Startuprad.io on Xperience+

     

    Audio Podcast

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    Nothing to see here 😊

     

    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

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    © Startuprad.io – All right reserved

  • Blockchain Germany - By Startuprad.io Podcast

    This Month in German Startups – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    Iconic holding wants to be the largest Crypto Asset Manager in Europe

    You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio

    Iconic holding wants to be the largest Crypto Asset Manager in Europe

     

    The idea for Iconic Funds came from investor demand, to invest in cryptocurrencies with more traditional vehicles.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Founder

    Maximilian Lautenschläger (https://www.linkedin.com/in/maximilian-lautenschl%C3%A4ger/) grew up in the beautiful city of Heidelberg (https://en.wikipedia.org/wiki/Heidelberg). He stayed in the Rhein-Neckar Metropolitan Area (https://en.wikipedia.org/wiki/Rhine-Neckar) to study in Ludwigshafen and took every opportunity to study abroad. After university, he started out working in consulting and found his passion in alternative investments. He started as an analyst of private equity funds, moving to a venture developer position. Before joining Iconiq Lab, he has been a startup investor himself.

     

    I am not the guy who said in 2014 Bitcoin is the thing.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Startup

    Iconic Holding is the parent company of Iconic Funds. Iconic Holding originally started out as Iconiq Lab, an accelerator for ICOs, based in Frankfurt. After the end of the ICO craze, they decided what to do next and so they evolved into a crypto asset manager and Blockchain VC. The new structure was renamed to Iconic Holding (no more q).

    The crypto asset manager is called Iconic Funds (https://funds.iconicholding.com/invest/) and the blockchain venture capital arm is called Iconic Lab (https://lab.iconicholding.com/https://www.crunchbase.com/organization/iconiq-lab).

    You can find their blog on Medium here (https://iconicholding.medium.com/). Iconic Funds offers to accredit investors hedge funds, a fund domiciled in Malta and also exchange-traded notes, to get exposure to cryptocurrency.

     

    There was this craze about a thing we have never heard before, an ICO.
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    Venture Capital Funding

    Iconic Holding is currently preparing the series B round.

     

    Bitcoin for me is digital gold
    Maximilian Lautenschläger, COO and Co-Founder Iconic Holding

     

    The Audio Interview

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    UCITS https://www.investopedia.com/terms/u/ucits.asp

    WM Daten is a financial service provider, a competitor of Bloomberg and S&P, amongst others, with a strong focus on the German-speaking area: https://www.wmdaten.de/index.php

    Asset Manager https://en.wikipedia.org/wiki/List_of_asset_management_firms

    Custodian https://www.investopedia.com/terms/c/custodian.asp

     

    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

     

    Follow us on Social Media

    My Football Space Connects Fans with Clubs Globally

    My Football Space Connects Fans with Clubs Globally

    After almost 20 years in consulting … it was a good time to think about what I wanted to do in my life, what I have a passion for.
    Alex Schlicher, Founder My Football Space

    Media Partnership

    This podcast is in media partnership with the FinTech Forum (http://www.fintechforum.de/). The FinTech Forum – launched 2013 in Frankfurt am Main – is the first and largest hub for FinTechs in Continental Europe, with a community of more than 12.000 companies. With more than 17 events, with more than 270 startups on stage, and more than 1.000 investors and financial institutions. FTF alumni have raised $310mn+ in funding and resulted in exits worth $300mn+ .

     

    I was not really looking for founding a company. The idea came to me since I am passionate about innovative technology, finance and sports.
    Alex Schlicher, Founder My Football Space

     

    The Founder

    In this interview, we are talking to Alex Schlicher, a former management consultant, turned entrepreneur (https://www.linkedin.com/in/alex-schlicher-cfa-953660/). Alex started out with vocational training in retail banking, foreign exchange trader, and a management consultant in capital markets, where he worked for several consultancies. While he worked in FX trading (Foreign Exchange), he learned how derivatives are working and are structured. He is a born “Frankfurter Bub” (a native Frankfurt boy).

    In his past, he was also in charge of building up the German business for a London-based consultancy.

    After almost 20 years in consulting, he decided to do a re-set and spent some more time with his family.

    Alex has been passionate about sports all his life and is a fan of Frankfurt-based Bundesliga Club Eintracht Frankfurt. Alex currently pursues an executive MBA at Frankfurt School for Management and Finance, in one of these classes the idea of My Football Space “hit him” as he said.

     

    The initial trigger for setting up a company was really driven by technology, because I saw the potential of the technology.
    Alex Schlicher, Founder My Football Space

     

    The Startup

     

    Alex founded the sports tech startup My Football Space (https://myfs.de/). He got the idea for his startup while one of his professors talked about everything of value is on the Blockchain in the future. So it instantly struck him this may include football in one way or another. Initially, they thought about investing in football players, but changed this amazingly fast, since it was too much like an investment.

    They do not want to change the memberships of the sports clubs, as they are popular for example in Germany with Bundesliga. This is not available to many people all over the world, this is what they want to change.

     

    This is something everybody shares, the passion, the emotion for the sport. It is a very global thing. There is no difference between a fan in Australia, Asia, the US, or Europe.
    Alex Schlicher, Founder My Football Space

     

    The Bundesliga Club Bayern München has globally more than 100 million fans, according to Alex. On the other side of those fans there is only a fraction really a member of the sports club (300.000).  The app also helps the club to understand its digital fans and give them matching offers.

     

    My Football Space App

    Their app for membership for fans will be available in app stores like Google or Apple towards End of 2021.

     

    Venture Capital Funding

    The company already closed two financing rounds, one by business angels and one by the management team. Currently, they are looking to close the next funding round in 2021 Q2 or Q3.

     

    Blockchain is really stepping out of its baby shoes. The maturity level is really reaching a tipping point where mass adoption in a lot of industries is about to start.
    Alex Schlicher, Founder My Football Space

     

    Further Readings / Additional Resources

     

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

    Eintracht Frankfurt https://en.wikipedia.org/wiki/Eintracht_Frankfurt

    Frankfurt School of Management and Finance https://en.wikipedia.org/wiki/Frankfurt_School_of_Finance_%26_Management

     

    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

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Keep Up to Date

    Here is our publication calendar:

    https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

  • Security Sutra - By Startuprad.io Podcast

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    KONVOI Helps with AI and Sensors to Prevent the Theft of Truck Cargo

    Each year cargo is stolen from at least 26.000 trucks each year in Germany, worth 2.2 bn Euros.
    Heinz Luckardt, Co-Founder KONVOI

     

    Don’t Miss Any Blog Post, Video, or Audio Podcast

    Subscribe to our newsletter on Substack here: https://startupradio.substack.com/subscribe

     

    … there is organized crime stealing from parked trucks. … We want to be preventive, before the theft happens.
    Heinz Luckardt, Co-Founder KONVOI

     

    Media Partnership

    This podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal non corona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto translate is worth it, since they also have an extensive directory of local startups on their website.

     

    Our solution will be a combination of hardware and software.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Founder

    In this interview, we talk to Heinz Luckardt (https://www.linkedin.com/in/heinz-luckhardt-a77a351a0/), Co-Founder of Hamburg-based startup KONVOI. He is originally from Frankfurt, but his studies took him to Hamburg University, where he met his co-founder. But Heinz has already traveled the world, he studied in Milano (Italy), he has been a sales intern in India, as well as working with Fraunhofer Institute. At Fraunhofer, he was working on salt-based 3d printing.

     

    The vision is later to go deep into predictive analytics, like generating heatmaps for truck thefts.
    Heinz Luckardt, Co-Founder KONVOI

     

    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

    The startup was set up already in times of corona, in October 2020. Theft of truck cargo, literally from the back of a truck, is a big problem for the trucking companies, as well as all companies using this mean of transport. So KONVOI (https://www.konvoi.eu/) provides a combination of hardware and software to prevent these thefts. Right now, they are working on the first step of the solution, but the vision is to go deep in predictive analytics.

     

    We are looking for innovative trucking companies in Germany, to give us feedback.
    Heinz Luckardt, Co-Founder KONVOI

     

    Venture Capital Funding

    KONVOI is currently not actively looking for external investors. They are currently on a government grant, funding the company at least until end of 2021.

     

    We are not focusing on one technology. We are working with radar, as well as ultra-sonic sound at the moment.
    Heinz Luckardt, Co-Founder KONVOI

     

    The Audio Interview

    You can subscribe to our podcasts here

     

    Further Readings / Additional Resources

    Milan, Italy https://en.wikipedia.org/wiki/Milan

    Frauenhofer Institutes are organized in the Fraunhofer Society: https://en.wikipedia.org/wiki/Fraunhofer_Society

     

    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

     

    Follow us

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

    Newsletter: https://startupradio.substack.com/subscribe

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

    This Month in German Startups – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    This Month in German Startups – January 2021

    This Month in German Startups – January 2021

     

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review. 

     

    Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.

     

     Housekeeping – Time to brag 

    Just a bit of bragging today: Listen Up! Here’s Your Guide To European Tech And Startup Podcasts In English https://buff.ly/39S3qyR 

     

    Top News

    We have two new unicorns

    • Mambu – Germany’s newest Fintech Unicorn offers Banking Software as SaaS https://buff.ly/3oNEHC2 – Without them, no N26. They provide the software, which enables challenger banks like them.
    • Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation https://buff.ly/35QYn0p
      • Related: Start-Up Personio Joins Circle of Unicorns – Technical University of Munich – School of Management https://buff.ly/2YgKm7W 

     

    Delivery Hero raises 1.2 bn in fresh capital

    • Delivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling „in hours“ 9.44 mn new shares for 132 Euros each https://buff.ly/394ZFFQ
      • Related:
      • Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros https://buff.ly/2MPUt11 

     

    Auto1 IPO

    • Auto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) https://buff.ly/3plC62n
    • Older articles related to this IPO – you can see the fundraising went up 500 million 
      • More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth https://buff.ly/38Hq0uz 
      • Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros https://buff.ly/3bxbWWx  

     

    Amazon TV or Radio Station in Germany?

    Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 https://buff.ly/3bW0Mur 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency https://buff.ly/3bW2ITU
    • In Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke https://buff.ly/39eVNDz 

     

    Ecosystem 

    • Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 https://buff.ly/3972zd0 January 4th
    • Tech workers want to relocate to Germany more than any other country in the world https://buff.ly/2Jims8n 
    • Germany starts with the test of a countrywide patient file, called „E-Patientenakte.“ The users can carry around all their medical files (x-rays, reports …) on their smartphone and grant their physician access https://buff.ly/3hHb3M4
    • Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. according to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US$) https://buff.ly/3oMxaDE
    • In the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 https://buff.ly/3o5IeKU 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Frankfurt

    • Frankfurt-based provider of high performance computing Northern Data raises 52.5 mn Euros (64 m US$) #VentureCapital  https://buff.ly/2KOccFc
    • Frankfurt-based insurtech Clark raises 85 mn US$ (69 mn Euros) #VentureCapital, with lead investor Tencent (owner of Wechat) https://buff.ly/3nCyzeq we have an interview with the CEO for you here: XXX
    • Frankfurt: Developing towards an epicenter of the German games industry – Frankfurt Valley https://buff.ly/39iZKao 

    Darmstadt

    • We interviewed the Darmstadt based robotics software startup Energy Robotics in June 2020, where they already talked about their intention to raise Venture Capital. Now they closed their 2 mn Euros VC round: Earlybird and several Business Angels like Paul Achleitner, Gerhard Roiss, Martin Klässner, and Andrej Henkler invest 2 m Euros Venture Capital in Energy Robotics https://buff.ly/3qhA43k
    • Merck KGaA snaps up German CDMO in boost to mRNA portfolio — including for Covid-19 https://buff.ly/2KauK2q 

     

    Heidelberg/Walldorf

     

    Munich

    • New unicorn Personio is from Munich
    • Munich-based Konux raises 80 m US$ #VentureCapital from Impact Investor Sanno Capital and Athos, The Family Office of Strüngmanns (Hexal), and existing investors (e.g. Alibaba). Konux builds intelligent sensors for Industry 4.0 https://buff.ly/3idMl6i
    • Munich fintech Fidor Bank (a German fintech pioneer) is split up and sold to two bidders, Ripplewood Advisors form New York and Steria Mummert from Paris https://buff.ly/2MFo6S
    • Pepsi backs #Munich-based scented air drinks startup „Air Up“ https://buff.ly/3i9vTDT   

     

    Hamburg

    • tecHHub is the new 35 m Euro Entrepreneurship Center in Hamburg to keep founders in the city. Until the project is completed the city is thinking about a makeshift container solution https://buff.ly/3hL7If3 

     

    Freiburg

    • Insight Partners and existing investors invest 100 m US$ #VentureCapital in Freiburg-based Jedox, the company offers enterprise performance management software for company planning and analysis https://buff.ly/2MPUt11

     

    Switzerland

    • Zurich-based Blue Horizon Ventures is a VC focused on sustainable food, now they close their first fund with 183 mn Euros (221 m US$) with more than 100 investors from 20 countries. https://buff.ly/3a7l69Z

     

    Companies 

    Food – Always a good topic to talk about

    • Dish Order: German grocery wholesaler Metro is partnering with Google to offer a competing offer to Lieferando. The clue for restaurants: There is no fee https://buff.ly/35TEEgv
    • German food giant Dr. Oetker had their own beverage delivery service Durstexpress. Then they bought Flaschenpost, doing the same reportedly for 1 bn €. Now they merge Durstexpress in Flaschenpost https://buff.ly/3qB3Jov?utm_source=linkedin

    Fintech / Finance

    New VC Funds

    • Ant Financial plans to start a fintech Venture Capital fund in Berlin  https://buff.ly/3qyAtic
    • 20 health insurer in Germany invest in Berlin-based VC Heal Capital’s 100 mn fund, to invest in health tech startups https://buff.ly/38XWmS3
    • Keep in mind the news of the Delivery Hero fund from before 

     

    Selection of investments

    • Digital road freight forwarder Sennder raises $160M Series, plans European expansion – TechCrunch https://buff.ly/35Eu9gR 
    • Peter Thiels‘ Valar fund joins other investors in a 21 mn Euros #VentureCapital round for credit card #fintech Moss from #Berlin. They were registered in summer 2019 and now valued at 100 mn Euro https://buff.ly/38F6rTQ 
    • Global Savings Group raises € 12 Million in their most recent financing round https://buff.ly/35aumID 

     

    All Other News

    • Not even half of the German employees would recommend Tesla as an employer reports German tech blog t3n. Applicants post in forums and websites about chaos and arrogance https://buff.ly/35bZqrc?utm_source=-custom-by-source-0- 
    • Which startups have footballers invested in? https://buff.ly/3hcuWdG  Including investments of Mario Götze (Frankfurt-based Qualifyze), Philipp Lahm, and Matts Hummels
    • Elliott Stake Complicates Rocket Internet’s Plan to Delist https://buff.ly/2MjL1mu
    • Berlin-based #grocery delivery service (you still buy from a supermarket) named Gorillas raises 44 m US$ #VentureCapital https://buff.ly/2IPM7F0 

     

    Stay ahead of the curve

  • Tech Startups Germany (Audio) Podcast

    This Month in German Startups – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    This Month in German Startups – January 2021

    This Month in German Startups – January 2021

     

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review. 

     

    Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.

     

     Housekeeping – Time to brag 

    Just a bit of bragging today: Listen Up! Here’s Your Guide To European Tech And Startup Podcasts In English https://buff.ly/39S3qyR 

     

    Top News

    We have two new unicorns

    • Mambu – Germany’s newest Fintech Unicorn offers Banking Software as SaaS https://buff.ly/3oNEHC2 – Without them, no N26. They provide the software, which enables challenger banks like them.
    • Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation https://buff.ly/35QYn0p
      • Related: Start-Up Personio Joins Circle of Unicorns – Technical University of Munich – School of Management https://buff.ly/2YgKm7W 

     

    Delivery Hero raises 1.2 bn in fresh capital

    • Delivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling „in hours“ 9.44 mn new shares for 132 Euros each https://buff.ly/394ZFFQ
      • Related:
      • Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros https://buff.ly/2MPUt11 

     

    Auto1 IPO

    • Auto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) https://buff.ly/3plC62n
    • Older articles related to this IPO – you can see the fundraising went up 500 million 
      • More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth https://buff.ly/38Hq0uz 
      • Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros https://buff.ly/3bxbWWx  

     

    Amazon TV or Radio Station in Germany?

    Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 https://buff.ly/3bW0Mur 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency https://buff.ly/3bW2ITU
    • In Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke https://buff.ly/39eVNDz 

     

    Ecosystem 

    • Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 https://buff.ly/3972zd0 January 4th
    • Tech workers want to relocate to Germany more than any other country in the world https://buff.ly/2Jims8n 
    • Germany starts with the test of a countrywide patient file, called „E-Patientenakte.“ The users can carry around all their medical files (x-rays, reports …) on their smartphone and grant their physician access https://buff.ly/3hHb3M4
    • Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. according to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US$) https://buff.ly/3oMxaDE
    • In the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 https://buff.ly/3o5IeKU 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Frankfurt

    • Frankfurt-based provider of high performance computing Northern Data raises 52.5 mn Euros (64 m US$) #VentureCapital  https://buff.ly/2KOccFc
    • Frankfurt-based insurtech Clark raises 85 mn US$ (69 mn Euros) #VentureCapital, with lead investor Tencent (owner of Wechat) https://buff.ly/3nCyzeq we have an interview with the CEO for you here: XXX
    • Frankfurt: Developing towards an epicenter of the German games industry – Frankfurt Valley https://buff.ly/39iZKao 

    Darmstadt

    • We interviewed the Darmstadt based robotics software startup Energy Robotics in June 2020, where they already talked about their intention to raise Venture Capital. Now they closed their 2 mn Euros VC round: Earlybird and several Business Angels like Paul Achleitner, Gerhard Roiss, Martin Klässner, and Andrej Henkler invest 2 m Euros Venture Capital in Energy Robotics https://buff.ly/3qhA43k
    • Merck KGaA snaps up German CDMO in boost to mRNA portfolio — including for Covid-19 https://buff.ly/2KauK2q 

     

    Heidelberg/Walldorf

     

    Munich

    • New unicorn Personio is from Munich
    • Munich-based Konux raises 80 m US$ #VentureCapital from Impact Investor Sanno Capital and Athos, The Family Office of Strüngmanns (Hexal), and existing investors (e.g. Alibaba). Konux builds intelligent sensors for Industry 4.0 https://buff.ly/3idMl6i
    • Munich fintech Fidor Bank (a German fintech pioneer) is split up and sold to two bidders, Ripplewood Advisors form New York and Steria Mummert from Paris https://buff.ly/2MFo6S
    • Pepsi backs #Munich-based scented air drinks startup „Air Up“ https://buff.ly/3i9vTDT   

     

    Hamburg

    • tecHHub is the new 35 m Euro Entrepreneurship Center in Hamburg to keep founders in the city. Until the project is completed the city is thinking about a makeshift container solution https://buff.ly/3hL7If3 

     

    Freiburg

    • Insight Partners and existing investors invest 100 m US$ #VentureCapital in Freiburg-based Jedox, the company offers enterprise performance management software for company planning and analysis https://buff.ly/2MPUt11

     

    Switzerland

    • Zurich-based Blue Horizon Ventures is a VC focused on sustainable food, now they close their first fund with 183 mn Euros (221 m US$) with more than 100 investors from 20 countries. https://buff.ly/3a7l69Z

     

    Companies 

    Food – Always a good topic to talk about

    • Dish Order: German grocery wholesaler Metro is partnering with Google to offer a competing offer to Lieferando. The clue for restaurants: There is no fee https://buff.ly/35TEEgv
    • German food giant Dr. Oetker had their own beverage delivery service Durstexpress. Then they bought Flaschenpost, doing the same reportedly for 1 bn €. Now they merge Durstexpress in Flaschenpost https://buff.ly/3qB3Jov?utm_source=linkedin

    Fintech / Finance

    New VC Funds

    • Ant Financial plans to start a fintech Venture Capital fund in Berlin  https://buff.ly/3qyAtic
    • 20 health insurer in Germany invest in Berlin-based VC Heal Capital’s 100 mn fund, to invest in health tech startups https://buff.ly/38XWmS3
    • Keep in mind the news of the Delivery Hero fund from before 

     

    Selection of investments

    • Digital road freight forwarder Sennder raises $160M Series, plans European expansion – TechCrunch https://buff.ly/35Eu9gR 
    • Peter Thiels‘ Valar fund joins other investors in a 21 mn Euros #VentureCapital round for credit card #fintech Moss from #Berlin. They were registered in summer 2019 and now valued at 100 mn Euro https://buff.ly/38F6rTQ 
    • Global Savings Group raises € 12 Million in their most recent financing round https://buff.ly/35aumID 

     

    All Other News

    • Not even half of the German employees would recommend Tesla as an employer reports German tech blog t3n. Applicants post in forums and websites about chaos and arrogance https://buff.ly/35bZqrc?utm_source=-custom-by-source-0- 
    • Which startups have footballers invested in? https://buff.ly/3hcuWdG  Including investments of Mario Götze (Frankfurt-based Qualifyze), Philipp Lahm, and Matts Hummels
    • Elliott Stake Complicates Rocket Internet’s Plan to Delist https://buff.ly/2MjL1mu
    • Berlin-based #grocery delivery service (you still buy from a supermarket) named Gorillas raises 44 m US$ #VentureCapital https://buff.ly/2IPM7F0 

     

    Stay ahead of the curve

    Tencent backs insurance startup Clark in $85US round. We talk to Clark’s CEO

     

    [A Ping-Pong table, a PlayStation or a table football] don’t help that much if the [corporate culture] is broken. 
    Christopher Oster, CEO and Co-Founder Clark

     

    In this interview we are talking to a previous guest. Christopher Oster is the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk to him about the appearance of Clark on Bloomberg’s list of startups to watch, back in 2017. Now they raised an 85 m US$ series C venture capital round, with noteworthy investor Tencent from China. We talk to him about the funding, the way to the funding and their plans. 

     

    Insurance has still not really penetrated by technology … you have unhappy customers … this is a great opportunity for a founder.
    Christopher Oster, CEO and Co-Founder Clark

     

    Enabler

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

     

    In 2015 there was almost no funding for insurtech startups, it all started in 2016
    Christopher Oster, CEO and Co-Founder Clark

     

     

    The Founder

    In this interview we are talking to Christopher (https://www.linkedin.com/in/dr-christopher-oster-3158802/) the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk to him about the appearance of Clark on Bloombergs list of startups to watch, back in 2017.

     

    You have a paper folder with your insurance policies, but nobody checks if the insurance policies still matches your life. 
    Christopher Oster, CEO and Co-Founder Clark

     

    The Startup

     

    The startup was built by a group of four friends, who to together, since they could not find the help they wanted with their insurance needs. The whole founding team is still on board, more than 5 years after the company was set up Crunchbase (https://www.crunchbase.com/organization/clark-2), company website (https://www.clark.de/).  

     

    An average German has six insurance policies with 4 different insurance carriers.
    Christopher Oster, CEO and Co-Founder Clark

     

    The Interview from 2017

     

    The whole blog post is here: https://www.startuprad.io/interviews/clark-de-startup-germany-bloombergs-list-50-promising-startups/

    Or just tune in to the interview here:

    https://open.spotify.com/episode/3xryTBqaxncpSrnXO3L3QQ?si=2qC09ZDDTJ6XnewH7_LMvg

     

    For our series a, we talked to 300 VCs or so. There was a lot of uncertainty and many other companies started as well.
    Christopher Oster, CEO and Co-Founder Clark

     

    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

     

    Follow us on Social Media

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  • 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 – February 2021

    This Month in German Startups – February 2021

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main. 

    Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.

     

    Follow us on Social Media

    Instagram https://www.instagram.com/startuprad.io/

    LinkedIn https://www.linkedin.com/company/4837115/

    Twitter https://twitter.com/startuprad_io

     

    Keep Up to Date

    Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

     

    Affiliated 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

     

    Housekeeping – Time to brag 

    Stay safe everyone! 

    In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen – We will soon be available on many platforms, for now:

     

    Top News

    We have two new tech billionaires

    • The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. 
    • Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
    • Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
    • Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA  
    • Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO 

     

    N26

     

    Trade Republic, Reddit and GameStop

     

    iCar

    • Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. 
    • Is the iCar around the corner? https://buff.ly/36x2SNM

     

    Game over for Mapify?

    • Founders of Berlin-based traveltech Mapify “the Instagram of travel“ give up „evaluating options.“ Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp  (We will come back to Lakestar, keep them in mind).

     

    AdJust Exit for 1.2 bn US$ (990 m Euro)

    • AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
    • Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
    • German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
    • Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi 

     

    The Digital Euro

    ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system „Target Instant Payment Settlement TIPS“ as a first step https://buff.ly/3ji4xMJ 

    The Audio Interview

    You can subscribe to our podcasts here

     

    Ecosystem 

    • Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU  
    • It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de 
    • including German startups Auto1, SUSE, Mister Spex, About You and N26
    • What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA 
    • Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Heidelberg

    • Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL 

     Frankfurt

     Münster

    • The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster –  Echometer, which better enables agile work https://buff.ly/2YfmTUO 

     Tübingen

    • Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 – working on a corona vaccination – is planning to raise additional capital, which could amount to 600 m US$  https://buff.ly/3t1PkDS 

     Düsseldorf

    • Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7 

     Munich

    • Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP 

     Austria

    • Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL 
    • Austrian crypto startup „Startup Hero“ issuer of the Herocoin gets acquired by  international gambling group Novomatic, also from Austria https://buff.ly/3d695nY 

     Switzerland

     Liechtenstein

    • Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3 

    Companies 

    Fintech and Cryptocurrencies

    • Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
    • Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
    • Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs 

     

    Funding News (a very tiny collection, of what we see) 

    Follow us on Twitter to stay up to date here.

    • Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP 
    • Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52

    New VC Funds

    • #Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
    • Eurazeo gets €340 million in additional commitments to its growth strategy – tech.eu https://buff.ly/2YOrqxO
    • TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
    • SPACs will be here pretty soon! 
      • Lakestar plans to raise 200-300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 – Listing already happened by now ⇒ Frankfurt News
      • Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b  
        • Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE –  backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp 

     

    More exits

    • Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89 
    • Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A 
    • Not a direct exit, but preparing for some: 
    • German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F 

    All Other News

    • MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
    • Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb 
    • The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup „Modern Health“ with 1.17 … https://buff.ly/3dbD6TH
    • Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups – especially #cybersecurity https://buff.ly/2Nzjiyw 
    • Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
    • Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq 

     

    Stay ahead of the curve

    This Month in German Startups – January 2021

    This Month in German Startups – January 2021

     

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review. 

     

    Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.

     

     Housekeeping – Time to brag 

    Just a bit of bragging today: Listen Up! Here’s Your Guide To European Tech And Startup Podcasts In English https://buff.ly/39S3qyR 

     

    Top News

    We have two new unicorns

    • Mambu – Germany’s newest Fintech Unicorn offers Banking Software as SaaS https://buff.ly/3oNEHC2 – Without them, no N26. They provide the software, which enables challenger banks like them.
    • Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation https://buff.ly/35QYn0p
      • Related: Start-Up Personio Joins Circle of Unicorns – Technical University of Munich – School of Management https://buff.ly/2YgKm7W 

     

    Delivery Hero raises 1.2 bn in fresh capital

    • Delivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling „in hours“ 9.44 mn new shares for 132 Euros each https://buff.ly/394ZFFQ
      • Related:
      • Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros https://buff.ly/2MPUt11 

     

    Auto1 IPO

    • Auto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) https://buff.ly/3plC62n
    • Older articles related to this IPO – you can see the fundraising went up 500 million 
      • More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth https://buff.ly/38Hq0uz 
      • Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros https://buff.ly/3bxbWWx  

     

    Amazon TV or Radio Station in Germany?

    Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 https://buff.ly/3bW0Mur 

     

    Wirecard 

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

    Keep in mind there is still an investigative committee ongoing.

    • Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency https://buff.ly/3bW2ITU
    • In Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke https://buff.ly/39eVNDz 

     

    Ecosystem 

    • Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 https://buff.ly/3972zd0 January 4th
    • Tech workers want to relocate to Germany more than any other country in the world https://buff.ly/2Jims8n 
    • Germany starts with the test of a countrywide patient file, called „E-Patientenakte.“ The users can carry around all their medical files (x-rays, reports …) on their smartphone and grant their physician access https://buff.ly/3hHb3M4
    • Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. according to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US$) https://buff.ly/3oMxaDE
    • In the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 https://buff.ly/3o5IeKU 

     

    Hubs 

    Note: The order of news and cities is only due to the time when we discovered the news.

    Frankfurt

    • Frankfurt-based provider of high performance computing Northern Data raises 52.5 mn Euros (64 m US$) #VentureCapital  https://buff.ly/2KOccFc
    • Frankfurt-based insurtech Clark raises 85 mn US$ (69 mn Euros) #VentureCapital, with lead investor Tencent (owner of Wechat) https://buff.ly/3nCyzeq we have an interview with the CEO for you here: XXX
    • Frankfurt: Developing towards an epicenter of the German games industry – Frankfurt Valley https://buff.ly/39iZKao 

    Darmstadt

    • We interviewed the Darmstadt based robotics software startup Energy Robotics in June 2020, where they already talked about their intention to raise Venture Capital. Now they closed their 2 mn Euros VC round: Earlybird and several Business Angels like Paul Achleitner, Gerhard Roiss, Martin Klässner, and Andrej Henkler invest 2 m Euros Venture Capital in Energy Robotics https://buff.ly/3qhA43k
    • Merck KGaA snaps up German CDMO in boost to mRNA portfolio — including for Covid-19 https://buff.ly/2KauK2q 

     

    Heidelberg/Walldorf

     

    Munich

    • New unicorn Personio is from Munich
    • Munich-based Konux raises 80 m US$ #VentureCapital from Impact Investor Sanno Capital and Athos, The Family Office of Strüngmanns (Hexal), and existing investors (e.g. Alibaba). Konux builds intelligent sensors for Industry 4.0 https://buff.ly/3idMl6i
    • Munich fintech Fidor Bank (a German fintech pioneer) is split up and sold to two bidders, Ripplewood Advisors form New York and Steria Mummert from Paris https://buff.ly/2MFo6S
    • Pepsi backs #Munich-based scented air drinks startup „Air Up“ https://buff.ly/3i9vTDT   

     

    Hamburg

    • tecHHub is the new 35 m Euro Entrepreneurship Center in Hamburg to keep founders in the city. Until the project is completed the city is thinking about a makeshift container solution https://buff.ly/3hL7If3 

     

    Freiburg

    • Insight Partners and existing investors invest 100 m US$ #VentureCapital in Freiburg-based Jedox, the company offers enterprise performance management software for company planning and analysis https://buff.ly/2MPUt11

     

    Switzerland

    • Zurich-based Blue Horizon Ventures is a VC focused on sustainable food, now they close their first fund with 183 mn Euros (221 m US$) with more than 100 investors from 20 countries. https://buff.ly/3a7l69Z

     

    Companies 

    Food – Always a good topic to talk about

    • Dish Order: German grocery wholesaler Metro is partnering with Google to offer a competing offer to Lieferando. The clue for restaurants: There is no fee https://buff.ly/35TEEgv
    • German food giant Dr. Oetker had their own beverage delivery service Durstexpress. Then they bought Flaschenpost, doing the same reportedly for 1 bn €. Now they merge Durstexpress in Flaschenpost https://buff.ly/3qB3Jov?utm_source=linkedin

    Fintech / Finance

    New VC Funds

    • Ant Financial plans to start a fintech Venture Capital fund in Berlin  https://buff.ly/3qyAtic
    • 20 health insurer in Germany invest in Berlin-based VC Heal Capital’s 100 mn fund, to invest in health tech startups https://buff.ly/38XWmS3
    • Keep in mind the news of the Delivery Hero fund from before 

     

    Selection of investments

    • Digital road freight forwarder Sennder raises $160M Series, plans European expansion – TechCrunch https://buff.ly/35Eu9gR 
    • Peter Thiels‘ Valar fund joins other investors in a 21 mn Euros #VentureCapital round for credit card #fintech Moss from #Berlin. They were registered in summer 2019 and now valued at 100 mn Euro https://buff.ly/38F6rTQ 
    • Global Savings Group raises € 12 Million in their most recent financing round https://buff.ly/35aumID 

     

    All Other News

    • Not even half of the German employees would recommend Tesla as an employer reports German tech blog t3n. Applicants post in forums and websites about chaos and arrogance https://buff.ly/35bZqrc?utm_source=-custom-by-source-0- 
    • Which startups have footballers invested in? https://buff.ly/3hcuWdG  Including investments of Mario Götze (Frankfurt-based Qualifyze), Philipp Lahm, and Matts Hummels
    • Elliott Stake Complicates Rocket Internet’s Plan to Delist https://buff.ly/2MjL1mu
    • Berlin-based #grocery delivery service (you still buy from a supermarket) named Gorillas raises 44 m US$ #VentureCapital https://buff.ly/2IPM7F0 

     

    Stay ahead of the curve

    This Month in German Startups – 2020 Review

    This Month in German Startups – 2020 Review

     

    Welcome to This Month in German Startups by Startuprad.io – in a transatlantic news recording with Chris in New York City. This is an annual tradition, where we look at the past year and forward into the coming one. Not to mention, we have been totally wrong last year with the outlook, so we are more sticking to the review this year.

     

    Today we bring you an overview of the German startup corona aid, an overview of the German startup scene, lists of top startup stories, a few outlooks on 2021, and a bit of wine 🙂 

     

    Ecosystem  

    European Startup Scene 2020 – Snapshot

    https://2020.stateofeuropeantech.com/chapter/state-european-tech-2020/article/exec-sum/

     

    8 crucial takeaways from Atomico’s recently-launched The State of European Tech 2020 report | via Silicon Canals https://buff.ly/3m6MxVg

    1. ‘Megarounds’ helped European Tech ecosystem grow
      1. While many founders found it more challenging to get funding, 2020 is on track to be a record year, with potential to surpass $41B invested, driven by more $100M+ deals.
      2. Germany is projected 23 bn US$
    2. Low capital, pivoting the product, and sales decline hit founders hardest in 2020
    3. International investment hasn’t dried up
    4. France is the only one of Europe’s three largest markets to grow in 2020. 
    5. London remains the biggest investment hub in 2020
    6. Travel sector gets notably low investments
    7. Investment in purpose-driven tech companies soars
    8. Gender and racial inequality still prevails in the European tech ecosystem

     

    List: 10 biggest healthtech stories of 2020 https://buff.ly/3aQlnjv 

    1. The guinea pigs of Germany’s new healthcare revolution
    2. BioNTech: the German biotech startup behind the coronavirus vaccine

     

    Hot or not: Where European VC funding went in 2020 by Pitchbook https://buff.ly/3nMSzf7 – Difference to Atomico ⇒ Different source for data …

    UK still has the largest VC market in total (13.7 bn $), but Germany (6.8 bn $) grew three times as fast with 10.9% vs UK’s +1.7% BUT this may also be due to Brexit. We will see what 2021 brings. According to Pitchbook France grew by an astonishing 25.4% to a total of 6.1 bn $. The other markets in Europe surpassing 1 bn $ are Sweden (3.2 bn$), Spain (1.4 bn$), and Finland (1.2 bn$).

     

    These are the 10 largest funding rounds of Europe in 2020 https://buff.ly/2W1KGX8 

    including AUTO1 Group, Tier Scooters and Lilium from Germany

     

    German Startup Scene 2020 – Snapshot 

    Deutscher Startup Monitor https://deutscherstartupmonitor.de/

    • This is an annual survey by the German startup association, this year more than 1.900 startups participated.
    • The largest share of the – participating startups – (note, there is a bias here) have been in
      • Berlin 17,7%
      • Rhein-Rhur (Cologne, Düsseldorf, …) 12.8%
      • Munich 6.5%
      • Hamburg 5.8%
    • This is one of the reasons we try to highlight so many startups from different areas, since not only every 5th startup is in Berlin. Please note that we try to have approx. 20% of our interviews from Berlin, to give these startups also a fair representation.
    • On average a startup in the survey employed 14.3 employees, up from 13.3 in 2019 and 12.3 in 2018. Despite Corona, 90% were planning to hire people. 
    • 15.9% of founders are female in this survey, slightly up from the previous years (15.7% in ‘19 and 15.1% ‘18)
    • Universities play a central role as a core for a startup cluster, especially Germany’s Technische Hochschule (technical universities aka TU) e.g. TU München, KIT, RWTH Aachen, LMU München, Universität Mannheim, Universität Bremen, WHU, TU Berlin, TU Darmstadt and FU Berlin.
    • ~ 20% of founders have a migration background
    • The most important technology is AI, more than 26.7% of startups had a SaaS business model
    • 68.8% of all startups focus on B2B, 26.5% on B2C, and 4.7% on B2G (Business to Government)
    • The most important funding sources are the founder’s own savings (used by 78.4%), government programs (used by 44.3%), and business angels (used by 31.6%). Actually, only 18.6% of participating startups have VC funding, while 42.3% want funding. DO YOU HEAR THIS INTERNATIONAL INVESTORS?
    • Startups in Berlin (39,0%), Munich (28,8%), and Hamburg (22,1%) are the most frequently funded by Venture Capital 

     

    Fintech Survey by Comdirect 

    Comdirect is an online bank with a small startup program. They are part of Commerzbank group and conduct an annual fintech survey in Germany. Some highlights here:

    • Volume of top 3 deals down by more than 50%
    • 12 fintechs with more than 100 m Euros funding
    • Top 20 funded fintechs get more money than the other 414 fintechs
    • The top fintech locations Berlin, Munich, Frankfurt and Hamburg raised 72% of all VC funding

    https://www.comdirect.de/cms/ueberuns/de/presse/fintech-studie-2020-wagniskapital.html 

     

    Venture Capital in Germany 

    A list of Germany’s largest Venture Capital Rounds in 2020 https://buff.ly/2JTtJM1 

     

    Germany’s Corona Aid for Startups

    • Germany extends it’s two billion (2,43 bn US$) startup corona aid program from spring 2020 until June 30th, 2021, since not all two billion Euros of the original program have been spent. The two billion have been equally divided into two pillars – called Pillar One and Pillar Two.
    • Pillar One (1 bn €, 1.2 bn US$) is direct aid for startups, who already have external investors. As of December 31st, 860 mn Euros (1 bn US$) have been committed by KfW, which administers all of the money. You can learn more here on their website about the program, unfortunately in German only (https://www.kfw.de/inlandsfoerderung/Unternehmen/KfW-Corona-Hilfe/Start-ups.html). KfW will also provide aid to startups and companies with a “strong relation to Germany”, which may also apply to your company? Check their website.  
    • Pillar Two (1 bn €, 1.2 bn US$) is a matching facility, were on a 1:1 basis the government matches investments. As of December 31st, 2020 only 556 million Euros ( 676 mn US$) have been committed. This program is administered by KfW, the development banks of each state (yes, 16 different ones and you have to apply at the bank in your state) and the government’s ERP fund, if you are already receiving funds from the ERP fund. Learn more here (yes, German only) https://www.kfw.de/inlandsfoerderung/Unternehmen/KfW-Corona-Hilfe/Start-ups.html. Again, you don’t need to be a German company, but only have your economic focus on Germany. Check the website if you think that may apply to you. Important: Your company must have steered clear of economic problems in 2019. 

    Here is some more information, where you can also find more details:

     

    How has Covid impacted Germany, Austria, and Switzerland’s startups? | Sifted https://buff.ly/3mLVgMM

     

    Hubs 

    Frankfurt Rhine-Main

    • Look-back at 2020 in the Rhein Main Startup Ecosystem – Frankfurt Valley https://buff.ly/3nBVPcB 
    • Frankfurt Rhein Main attracted multiple international companies in 2020 – Frankfurt Valley https://buff.ly/3nCU7HU
    • The most important startup exists in 2020 https://buff.ly/3pXop9Y  including Emma, Bettzeit, Lizza and Mailtastic from the Rhine-Main Area
    • Rhinemain.vc (Joe’s project) tracks venture funding of any kind in the Rhine-Main Area. We tracked 28 deals, in total 894 m Euros (skewed towards large rounds with BioNTech’s fundraising due to the development of corona vaccine and placement of additional shares and convertibles). Official publication to follow soon …

    Munich

    • Munich has a list of the Top 10 most important investments https://buff.ly/3bwig0k, headed by Lilium with 240 mn US$. Remember, we talked about it in the news. 

    Hamburg

    • Had a great wrap-up: VCs holding back, Corona aid did not always help and the mood was still overall positive. Thank you for this amazing wrap-up.https://buff.ly/39rqzbe  

     

    2021 Outlook(s)

    We collected some outlooks, but they may be totally wrong, like last year. Only thing we can say for sure is that Germany is going to invest 10 bn € in VC funds, which in turn will invest in German startups. As said before, a few hundred millions from the corona aid for startups are also left. If we could beat corona soon, the second half of the year promises to be great for startups in Germany. 

     

    Detour 

    You guys know we like to end on a high note and sometimes take detours … 🙂 German wine consumption has risen during times of corona. On average a German has bought 20.7 Liters of wine (700 oz for the Americans here) in last year’s harvest season, roughly 2.5 bottles per month. https://www.deutscheweine.de/presse/pressemeldungen/details/news/detail/News/wein-pro-kopf-verbrauch-gestiegen/ 

  • 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