Startup News Germany Wrap-up – December

Chris and Joe talk about the news for December 2017, focusing on the German startup scene.

Sponsoring Message

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Startups.observer supports this program. Startups.observer is like online dating for startups and investors. Learn more here: http://startups.observer/

 

House Keeping

We did a year in the review, the year ahead special, check it out!

Startuprad.io made it in the UK podcast download charts: Oh, what a surprise, we made it in the UK podcast download charts! Awesome! You guys rock! http://www.itunescharts.net/uk/artists/podcast/startupradio/podcasts/startupradio-startup-podcast-from-germany/

Paypal plans to enter retail banking in Germany and UK, together with the Berlin based fintech Raisin reports manager magazin https://buff.ly/2z2W07k  Meet their partner Raisin here in the exclusive interview from Startuprad.io http://ow.ly/7vL930hs92u

Ecosystem

How Bitcoin Lost Its Way As A Means Of Exchange – Crunchbase News https://buff.ly/2yJ4Ve8

Competition in the Age of Amazon https://buff.ly/2CbBCGS

Taking On Amazon in Retail: Smart Curation, In-Store #Robots, And Wowing Shoppers https://buff.ly/2opEuu2

Amazon wants to open brick and mortar stores in #Germany. Kleber, Germany CEO said “it is not a question if, but when” reports manager magazin https://buff.ly/2oEtTeX

Gruenderszene writes Rocket Internet is shiftingitss #strategy. The former startup factory turns itself into a more traditional Private Equity company, investing in established companies https://buff.ly/2AGJUmc

 

Hubs

Frankfurt

Frankfurt listed fintech Naga completes it’s ICO, raising more than 50 mn US$ reports deutsche-startups.de. This is also good for the share price, IPO in Juli 2017 for 2,60 €, now trading at 13 Euros http://ow.ly/qBgp30hmWgk

Frankfurt based energy startup Node Energy raises six digits Venture Capital writes WiWo Gründer. Node.Energy’s software helps to manage micro grids https://buff.ly/2p0P8HO

Frankfurt PropTech Accelerator blackprint Booster takes in #Berlin based proptech Simplifa, which is focusing on elevators https://buff.ly/2yS3WIo

Rocket Internet boss Oliver Samwer wants to enter the business with loans to startups, up to 30 mn per ticket. Therefore they have set up a #London based subsidiary “Global Growth Capital”, without references on their website https://buff.ly/2AYsrtC

 

Companies

Hamburg based gaming startup Goodgame Studios is bought for a whooping 270 mn Euros in shares by swedish Stillfront reports deutsche-startups.de http://ow.ly/PNh330h86rv

trivago Düsseldorf-based travel search engine is under pressure. It IPOed in December 2016 at NASDAQ for 11 US$ and is now trading at 7 US$. Now Handelsblatt  writes US investors considering a law suit reports Gruenderszene https://buff.ly/2BCEgFs

Related: The UK’s competition watchdog is investigating whether comparison sites like #Trivago and Hotels.com actually give people the best deals https://buff.ly/2oBUNUD

Startup CodeDoor.org trains refugees in Gießen to become developers http://ow.ly/ZKmy30h0cb6

Online bank Revolut attacks Berlin-based hype fintech N26 with bitcoin trading and premium services writes Gruenderszene https://buff.ly/2ksIswW

India: Frankfurt-listed Delivery Hero swaps its shares of foodpanda for shares in the local heavy weight OLA reports deutsche-startups.de https://buff.ly/2BGjkgP  

This Secretive German Firm Is Consolidating The US Coffee Industry https://buff.ly/2BI3Lll “JAB serves as the investment vehicle for the Reimann family, the descendants of businessman Johan A. Benckiser who founded industrial chemicals company Benckiser in the 1820s.”

Venture Capitalist Sven Schmidt invested in Maschinensucher, a German competitor of  TradeMachines and Machinio writes NGIN Mobility. Schmidt will help with the scaling of the (since day one) profitable platform https://buff.ly/2BGNaPu 

Exit and back – Berlin-based healthcare startup Vimeda offers blood tests for health screenings. Company was sold 2016 for “eight digits” to US-based Neoteryx, but barely one year later, the founder buys the company back. New company to be named Lykon https://buff.ly/2kTXfAT

Instant Software, a supplier of business management and online solutions for vacation rental companies, raised 20 mn Euros in Venture Capital, from Accel and Target Partners https://buff.ly/2yJCmgz

They position themselves as a competitor for WeWork and Factory. Have a look how Rent24 looks from the inside in Berlin https://buff.ly/2CnFhxD

Berlin-based crowdinvesting pioneer Companisto still not profitable and tripled losses in 2016 reports Finanz-Szene.de, after digging through published balance sheets http://ow.ly/zxFs30hdAT2

 

Further Reading

Building for the Long Term: Lessons from Leonardo da Vinci – Knowledge@Wharton https://buff.ly/2zCQs3S 

Subscription Businesses Are Booming. Here’s How to Value Them https://buff.ly/2C4vEFr  

Frankfurt Refugee integration in Germany: A future made to measure – Qantara.de https://buff.ly/2p9JSSC  

We Analyzed 9 Of The Biggest Direct-to-Consumer Success Stories To Figure Out The Secrets to Their Growth — Here’s What We Learned via @CBinsights https://buff.ly/2CHAh8h

Frankfurt-based savedroid prepares their own ICO and offers microsavings in cryptocurrency (Video)

 

In this interview, we talk to Dr. Yassin Hankir, a former McKinsey consultant, and serial fintech entrepreneur. He is co-host of the Fintech Meetup Frankfurt / Rhein-Main and he has been one of the founders of one of Germany’s first robo advisor vaamo.

We talk to him as CEO and Founder of savedroid, the micro-savings app, which will now enable savings in cryptocurrency on a regular basis. Therefore, they ICO with their savedroid token to pay the fees for saving in Ethereum or Bitcoin.

In the front of our video recording, you see the delicious Frankfurt-based cold brew coffee lemonade Caffezza: https://www.caffezza.de/

Learn more about our sponsor at www.slack.com

Disclaimer: This interview is intended to be, and should be, used for informational purposes only. It is not a recommendation to buy cryptocurrencies, nor to invest in any specific ICO.

Joern has been an Alpha Tester of the app from the beginning.

Interview with Patrick de Zeeuw – Startupbootcamp Amsterdam

In this interview, we talk with Patrick de Zeeuw, CEO, and Co-Founder of the Startupbootcamp Amsterdam. Tune in to learn more what Startupbootcamp does and learn more about the differences between startups and corporates.

 

Tune in to learn more.

 

This podcast is sponsored by Slack. Consider having a look at our sponsor at www.slack.com

Sponsored – MedicSen wants to revolutionize the treatment of diabetes patients

We talk to Cesar – COO of MedicScen, who is about to revolutionize the treatment of diabetes patients.

Diabetes patients have to live with many drawbacks in their life, including (but not limited to):
1) They have to stab themselves daily to measure their blood sugar
2) They have to inject themselves with insulin – for some on a daily basis.

And MedicSen wants to change both. MedicSen is in the current batch of the Merck Accelerator Program. Tune in to learn more!

Learn more here: https://accelerator.merckgroup.com/

About our sponsor:

The Accelerator program in Darmstadt, Germany

The Merck Accelerator program in Darmstadt, Germany supports early-stage companies that are focused on the fields of healthcare, life science, performance materials, and additional search fields, such as bio-interfaces and sensors, enablers of precision farming, 3D printing, future organic chemistry, microbiome research, and smart site management. The program focuses primarily on digital business models. Selected companies will receive office space at the new Merck Innovation Center in Darmstadt, as well as mentoring and in-depth coaching from a network comprising over 50,000 experts from 67 countries. Additionally, they will receive financial support of up to € 50,000. Oculyze, Living Brain, and MedicSen are three of the seven current participants of the program.

Learn more here: https://accelerator.merckgroup.com/

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Sponsored – This 22 year old had neurosurgery and wants to help others recover with VR and his startup

Julian is just 22 years old but has already undergone neurosurgery to cure him of epilepsy. Unfortunately, this leaves patients like him frequently with memory problems. His startup Living Brain (https://www.livingbrain.de/) aims to help patients to rehabilitate, using virtual reality.

Learn more here: https://accelerator.merckgroup.com/

About our sponsor:

The Accelerator program in Darmstadt, Germany

The Merck Accelerator program in Darmstadt, Germany supports early-stage companies that are focused on the fields of healthcare, life science, performance materials, and additional search fields, such as bio-interfaces and sensors, enablers of precision farming, 3D printing, future organic chemistry, microbiome research, and smart site management. The program focuses primarily on digital business models. Selected companies will receive office space at the new Merck Innovation Center in Darmstadt, as well as mentoring and in-depth coaching from a network comprising over 50,000 experts from 67 countries. Additionally, they will receive financial support of up to € 50,000. Oculyze, Living Brain, and MedicSen are three of the seven current participants of the program.

Learn more here: https://accelerator.merckgroup.com/

Sponsored – What have beer and a smartphone in common? The startup Oculyze!

We have been for you at Merck, the Rhein-Main based healthcare, life science and performance material behemoth, who also happens to be the world’s oldest chemicals and pharma company. As part of their strategy, Merck runs its own startup accelerator program, for which you can still apply till November 13th, 2017.

As part one of our sponsored video series, we talk to Ulrich, CTO of the startup Oculyze. Oculyze is one of the startups in the current batch of the Merck Accelerator program. We give you an idea how the startup turns a smartphone into a microscope, which also helps to brew beer. Stay tuned for more!

 

Learn more here: https://accelerator.merckgroup.com/

About our sponsor:

The Accelerator program in Darmstadt, Germany

The Merck Accelerator program in Darmstadt, Germany supports early-stage companies that are focused on the fields of healthcare, life science, performance materials, and additional search fields, such as bio-interfaces and sensors, enablers of precision farming, 3D printing, future organic chemistry, microbiome research, and smart site management. The program focuses primarily on digital business models. Selected companies will receive office space at the new Merck Innovation Center in Darmstadt, as well as mentoring and in-depth coaching from a network comprising over 50,000 experts from 67 countries. Additionally, they will receive financial support of up to € 50,000. Oculyze, Living Brain, and MedicSen are three of the seven current participants of the program.

Learn more here: https://accelerator.merckgroup.com/

 

Sponsored – Merck is looking for new startups for their accelerator

We have been for you at Merck, the Rhein-Main based healthcare, life science and performance material behemoth, who also happens to be the world’s oldest chemicals and pharma company. As part of their strategy, Merck runs its own startup accelerator program, for which you can still apply till November 13th, 2017. As part one of our sponsored video series, we talk to Munya, who is originally from Zimbabwe, but works as innovation manager and head of the accelerator program. We give you a brief overview of the program and what’s in it for the startups. As part of the video series, we will also introduce you to some of the startups of the program. Stay tuned for more!

 

Learn more here: https://accelerator.merckgroup.com/

About our sponsor:

The Accelerator program in Darmstadt, Germany

The Merck Accelerator program in Darmstadt, Germany supports early-stage companies that are focused on the fields of healthcare, life science, performance materials, and additional search fields, such as bio-interfaces and sensors, enablers of precision farming, 3D printing, future organic chemistry, microbiome research, and smart site management. The program focuses primarily on digital business models. Selected companies will receive office space at the new Merck Innovation Center in Darmstadt, as well as mentoring and in-depth coaching from a network comprising over 50,000 experts from 67 countries. Additionally, they will receive financial support of up to € 50,000. Oculyze, Living Brain, and MedicSen are three of the seven current participants of the program.

Learn more here: https://accelerator.merckgroup.com/

 

Raisin – How the financial crises inspired this former partner in a large consultancy to jump ship and found a startup

In this interview we talk to Dr. Tamaz Giorgadze, who came to Germany from his native Georgia, eventually becoming a partner at the German office of McKinsey & Company. During the financial crisis, he saw a demand for retail deposits by banks and decided to jump ship to set up his own company. The company is operating as weltsparen.de in Germany and raisin.com internationally. Joern talks to Tamaz and you get a quick overview of what banks actually do, where they get their money from and how retail investors in Europe profit from this.

We are talking during the interview about those topics:
Wholesale funding
Bank’s transformation function 
Duration

Regulatory measures of bank’s liquidity
Liquidity coverage ratio  
Net Stable Funding Ratio 

Deposit 
KYC – Know your customer 
AML – Anti Money Laundry
TÜV – A German association of mostly technical auditors

Payment topics we touch
SEPA
TARGET 2
And a correspondent bank system (all money transfer used to be done this way)

Deposit insurance schemes (how saver’s money is insured)
Harmonized scheme in Europe

Dr. Sebastian Schaefer from TechQuartier answering quick fire questions

This time, we are launching a new pilot of four quick fire video interviews with founders. In the first episode, we interview the Managing Director of TechQuartier. TechQuartier (TQ) is Frankfurt’s international startup hub.

Don’t miss the next quick fire interview episode! Subscribe now to our YouTube channel. Did you enjoy this episode? If so, please give us a thumb.