Startup News Germany Wrap-up – October


Once again we have published a lot of videos since our last news podcast. There are more on the shelf and we will keep posting at least until the end of the year. Check it out here We can tell you that since the last news, we posted a few quick fire interviews, as well as the interview with Pal-V, the flying car from the Netherlands. We conducted the Pal-V interview live at Frankfurt Motor Show.

We have also been to the Frankfurt Book Fair, where the German association of book printers and publishers presented the startups of their accelerator program Content Shift. Stay tuned for the interviews we conducted afterward.

I am sorry, but I have now quite a backlog on editing. I will catch up with it till Christmas! ūüôā


We also published an exclusive interview with the founder of Raisin, the Berlin-based deposit marketplace: Raisin РHow the financial crisis inspired this former partner at McKinsey & Company to jump ship and found a startup  

Startup News Germany Wrap-Up – September and Summer


Welcome back after the summer break. We did not only chill on the beach, we rather worked hard for you. We put up more than 9 videos on our YouTube Channel:

  • This includes live recordings from the Ethereum Meetup Central Germany
  • Our interviews from the Frankfurt Motor Show

On our podcast you will find several new podcast interviews, including, but not limited to:

  • Roadtrip interviews from pre-Brexit London
  • RegTech event in TechQuartier here in lovely Frankfurt
  • Plus exclusive interviews e.g. with the world premiere, the first all digital health insurer in Germany, ever to be set up (ottonova)

A recognition for our German and English podcast Wuha! “10 Tech-Podcasts you should know | Gr√ľnderszene

Live Stream on November 16th at Euro Finance Tech 2017 you can watch on YouTube

Startup News Germany – June 2017


We have a new interview online with Dr. Yassin Hankir. He is a former management consultant, former co-founder of one of the first roboadvisors in Germany and he is now the co-host of the Fintech Meetup in and around Frankfurt, as well as co-founder of savedroid. Savedroid is an app, which helps its users with an AI to save money. He and the company are looking to close a Series-A round towards the end of the year:


Eco System

none today


Startup New Germany – May 2017


We made it up to Number 45 ¬†in the German podcast download charts for 3 days during Easter! Aaaaaaaaaaaaaaaawesome! ūüôā ¬†

An article by our friends Joe and Paul from Rhein-Main Startups on the Frankfurt Startup Eco System

Jacob talked about the Berlin Startup Jobs Fair 2017 –

Joern attended the opening of the German Entrepreneurship Center GTEC Campus Frankfurt

Startup News Germany – April


Geektime wrote about our interview with Deutsche Bank “Breaking into Deutsche Bank: This German giant has found a way to reach out startups”¬†


How Clark Made It on Bloomberg’s List of the Most Promising Startups РInsurtechtalk


Eco System

It appears Cryptocurrencies are being used for Ponzi or Pyramid Scheme Scams now reports Confluence  

OneCoin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme – The Cointelegraph

DASCOIN, another outbreak of the #Onecoin strain of MLM Virus.


Cannabis comes to Germany. The ICBC in Berlin kicks off a new industry as the government releases its first bid tender for 10 grow licenses to serve the medical market.


Joern talks about the song ‚ÄúManhattan‚ÄĚ by Ella Fitzgerald. The amazing Ella would have turned 100 just 3 days before the recording.




Survey results: Frankfurt among top 50 cities for entrepreneurs globally| Rhein-Main  


The federal government advisory council on sustainability dashed out sustainability awards for startups in the rhein main area.

  • Bettervest – A crowdfunding platform for energy projects
  • Place2Help – A crowdfunding platform for social projects in the Rhein-Main Area and
  • Africa Green Tec – Which brings solar containers to Africa (Mali)

each got one award


CB Insights the research company compiled a list of Robo Advisors in the world. Two from Frankfurt are listed. They are not all, who exist here, but it makes sure that Frankfurt is also here a global hotspot ‚ÄúA Wealth Tech World: Mapping Robo-Advisors Around The Globe‚ÄĚ ¬†


Frankfurter based micro savings fintech savedroid raised Venture Capital, valued at 20 mn – We have by the way a recorded, but not published interview with the founder and CEO for you. Coming before the summer break


Finally: The GTEC – German Tech Entrepreneurship Center¬†– GTEC is expanding to Frankfurt – Of course we made an interview with the founder and CEO as well. As you know – Coming soon ūüôā ¬†


The Frankfurt-based mobile recruitment platform Mobilehead raised a  seven-digit sum for their mobile job recruiting platforms, where each is tailored to a specific professional area (e.g. Legalhead)-



Federal Ministry of Economy awards funds to Cologne in digital hub initiative for Insurtech –



The bad news

The marketing blog ‚ÄúOnline Marketing Rockstars‚ÄĚ is explaining “Signalling” and also asks if the credit is the beginning of the end for Soundcloud? Background: We did talk about them the last news, that Soundcloud is in trouble and ReCode was speculating even on a firesale of the startup. Now they have 70 million USD to go one. Fingers crossed for them ¬†


Hamburg – Lampuga Insolvency: Investor files criminal charges for potential fraud at the startup who was crowdfunded with 820 thousand Euros to produced jet propulsioned surfboards


The online shoe store Giggs gave up – since up to 60 % of goods / shoes been returned


The good news

Vimcar, a Berlin startup that offers hardware and an app to manage company fleets, raised $5.5M


There seems to be some great movement in the Media Startup market, coming from Switzerland. We have, collecting money for a new more leftist/centrist journalism offering. The Swiss media market is usually very conservative, but now they proved there’s room in the market. 2.2 mn Franks in three days. Equal to $2.2 mn.


The digital health insurer Ottonova raised 15 million


IoT News

The Munich-basedIoT startup KONUX announced a final close of its Series A funding round worth $16 million | EU-Startups


The agriculture and industry IoT platform Cumulocity, based in beautiful D√ľsseldorf was acquired by Rhein Main (Darmstadt) based Software AG


Rocket Internet Corner

Rocket got criticized, this time in an interview with the influential Manager Magazin. You have heard many critical articles from MM on Rocket Internet. This one is noticeable since it is an interview from Michael Otto, from the former catalogue empire Otto. Otto Group also happens to be No 2 in the German ecommerce space behind Amazon (100+ shops globally with 7 bn ‚ā¨ annual revenue). ¬†Mainly the ‚Äúfrontal attack‚ÄĚ comes due to all the not upheld promises the Samwer brothers made.


It is publication season in Germany. So the listed companies have to open their books and show it to the investors. Also Rocket Internet had to do this and some of its startups also published some details:

  • Bottom line Rocket Internet made 2016 a loss of ‚ā¨741 million
  • Delivery Hero has seen a 71% jump in revenue. In total 2.3 Euro billion worth of orders have been processed in 2016. DH is valued at nearly ‚ā¨3 billion and is speculated to be headed for a listing later this year (but we talked about a few attempts already). Rocket Internet owns a 37.7% stake
  • (added after the recording) Global Fashion Group posts improved 2016 revenue but is still making losses


Hamburg again, not much good news for the startups there: Battered Goodgame Studios took a valuation hit of 622 mn Euros. The gaming startup had to let go more than 100 employees before. The change in valuation came only to light since Rocket Internet is an investor (15%) and had to publish the data.


Joern’s find New Billionaire: How CEO Of Papa John’s Turned Pizza Into A Fortune РYouTube

Competitions and events

Frankfurt Tech Days come up on May 16th 2017 in Frankfurt. We are media partner.

Stay ahead of the curve

A hitchhiker’s guide to the galaxy of accelerators Рcan you hack your way out of them?

Startup News – February and March

Before we start Christian is talking about the taxi medallions in New York, once considered a fancy and lucrative investment. Now they are in a steady decent due to Uber, Lyft, and their competitors. This can also be taken as a sign of disruption of a traditional (taxi) market:


Why taxi medallions cost $1 million – Reuters


Taxi Medallions: Golden Investment on the Streets of New York – WSJ


NYC yellow cab medallion prices falling further – Business Insider Deutschland


Christians food for thought: Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck





Two Executives to Leave Uber, Adding to Departures – The New York Times

Morning Agenda: The Exodus From Uber Continues – The New York Times

In Video, Uber CEO Argues With Driver Over Falling Fares – Bloomberg

Growth vs. Profits: Uber’s Cash Burn Dilemma



SoundCloud needs more money, or it may sell at a fire-sale price wrote Recode here

Our story, we left SoundCloud pretty early on!


Spotify, which would like to go public next year, says it has more than 50 million paid subscribers worldwide. Apple Music says it has more than 20 million paid subs.

SoundCloud‚Äôs stall has been out in the open for some time. Investors pegged its value at $700 million in 2014, and since then it has raised money twice ‚ÄĒ including last year‚Äôs $70 million Twitter investment ‚ÄĒ at the same valuation.

The service says it has 175 million monthly unique users, but it hasn’t updated that number since 2014, either.



The third biggest German Kickstarter ever is bankrupt. It was meant to become a great looking induction designer water boiler, but things didn‚Äôt work out. The ‚Äúremaining money‚ÄĚ shall be reimbursed, the founders said. How much of the 800.000 Euros collected still ‚Äúremained‚ÄĚ, was not publicly confirmed.


Marguerite talks about the Single European Payment Area (SEPA), learn more here:



German startup Holoplot wins SXSW Interactive Innovation Award in the category Music and Audio. They build advanced sound walls that allow focused sounds in a train station e.g., coming out of a wall with more than a thousand sound units, specifically aiming at passers-by.


Horse Analytics, offering a wearable for horses, made it into the finals of the SXSW Accelerator pitches. ‚ÄúYour horse in your pocket‚ÄĚ is their claim.


Lamp Startup gets an additional 120 million Euro in funding. A true hidden champion.


BaFin said to be close to handing insurance license to Berlin-based fintech incubator FinLeap


Rocket Corner

‚ÄúDer Fall Ikarus‚ÄĚ

German media continue their critical takes on Rocket Internet. This time, it was the weekly Wirtschafts Woche which came up with an analysis about Oliver Samwer and the ongoing crises at Rocket. Summary: ‚ÄúNo plan, no profits, no new ideas: Oliver Samwers Startup Manufactory runs in crisis mode. Will Delivery Hero and Hello Fresh offer the chance of a turnaround? Confidential Documents raise concerns.‚ÄĚ


Frankfurt:, one of Bloomberg’s 50 most promising startups

These Are the 50 Most Promising Startups You’ve Never Heard Of said Bloomberg in March 2017. Now we want to change that for one of these startups! an InsurTech from Germany, headquartered in Frankfurt am Main.

Here is the interview (we did publish it in the meantime


This is how the Fintech center TechQuartier tries to attract bank related startups.


Frankfurt School of Management’s First startup night РMarch 16 Рa big success!


Parcel service Hermes acquires majority stake in Frankfurt-based startup Liefery


Stuart Cameron emailed us, the CEO of Uhlala – a company which supports, promotes and connects LGBTI people and women in leadership. With their Unicorns in Tech community, they are organizing Germany‚Äôs first LGBTI hackathon ‚ÄěLove to the Front” in Berlin on the 31st April. It‚Äôs hosted by Erasys.

More at or at, then scroll down to events.



Also, do not miss Startup Radio in Berlin – covering and moderating the technology panel of the first International Cannabis Business Conference to be held in Germany after legalization.


Brief Introduction by Marguerite to Cannabis Startup world – including her coverage of the ICBC April 9-11 event – go to the website in the notes.

Startup News Germany January and 2016 Review


Note: The recording was done on Jan. 23rd and does not include any news following this date.


House Keeping:

Once more our German podcast is number 1 on a #startup #podcast list.

We did a live stream of the Accelerator Frankfurt Demo Day. You can see the recording here #demodayffm

In German: Fintech Review German

Interview with the winners of Deutsche Bank Hackathon




Creathor Venture and IBB Beteiligungsgesellschaft invest a seven-digit amount in manufacturer of ultra-reliable communication systems R3 Communications

Could Frankfurt become the new Berlin for startups? ask the local

BAAAAAAM! There it is SpaceStarters a new crowdfunding #platform for air and space tech!

CardioSecur turns Smartphone into ECG

Deutsche Boerse offers gamers place to trade virtualgoods | Reuters

There are now mind blowing 172 meetups in the Rhein-Main Area related to coding, desing, startups and vc investment



J√∂rn’s input the Smooth-Hawley Tariff¬†(on protectionism with tariffs)
– An article from “In 1930 a large majority of economists believed the Smoot-Hawley Tariff Act would exacerbate the U.S. recession into a worldwide depression.”



We talked about it before Online auction house Auctionata has filed for preliminary insolvency and plans to spin off Paddle8 | EU-Startups

Management Level employees leave Berlin based fintech¬†OptioPay¬†reports Gr√ľnderszene¬†

Alltogehter there are 9 startups aiming to copy casper (matress), who is by the way also selling in Germany by now

Timm Schipporeit leaves VC Index Ventures after Movinga fiasco writes manager magazin



Making art helps this refugee create her new life in Austria


Rocket Internet Corner

Reserach by NGIN Food and Gruenderszene suggest that the owners of Foodpanda took a big hit when merging it with Delivery Hero. Their work suggest that Rocket’s Foodpanda stake once worth beyond 250 mn ‚ā¨ (Rocket held 50+% of the company worth 570 mn) went to Delivery Hero for 1,1% stake in Delivery Hero, which they is estimated to be worth only 70 mn ‚ā¨. ¬†¬†

Also, Rocket just announced to have collected a $1bn fund for investing in and financing of startups. It’s called Rocket Internet Capital Partners, RICP and the largest in Europe to date. The stock price didn’t change that much, though, it’s still somewhere below 20‚ā¨, compared to a high of more than 50‚ā¨ in 2015.¬†



2016 Review

Germany’s 10 fastest growing #startups in 2016 | HEUREKA magazine¬†

German #FinTech Overview in one big chart

15 largest financing rounds in Germany in 2016¬†¬†Hello Fresh beeing the largest with 85 mn ‚ā¨

Largest and most important exits 2016¬†¬†Team View Investor buying P&I the biggest 850 mn ‚ā¨


Accenture ‚ÄěHealthTech Innovation Challenge‚Äú – From our mailbox

500 startups applied globally 

3 US-based companies made it into the finals, which have been awarded that the 35. J.P. Morgan Healthcare Conference in San Francisco 

Winner was QuiO, developer of a cable-less injection device with a cloud platform for smart medication

Other winners 

CaptureProof (developer of a camera, including the ‚ÄěVisual Narrative‚Äú-App for the exchange of information between all involved parties (patients, doctors…)

UE Life Sciences, Inc.(cancer screening tool for Point-of-Care, developed for developing countries


2017 Preview

“The triangle of Berlin, London and Paris will cement its dominant European position, accounting for the lion‚Äôs share of European VC activity. Together they will account for 75%+ of EU‚Äôs VC funding volume”

Point Nine Capital 2017 Team Predictions ‚Äď Point Nine Land ‚Äď Medium¬†


10 “Next Big Things” that will fail in Media Entrepreneurship in 2017

Among them are Monetization of Facebook Videos and VR. VR? Yup.


From our German Rhein Main Review podcast: Mario and Joern think that the Rhein Main Area is good for 100 mn Euro VC funding in 2017 – Joern bets on more. We will let you know at the end of the year, how it turned out.


Joern’s find¬†

Werner von Siemens, a great innovator would have turned 200 in december 2016!


Stay ahead of the curve

Why Apps Won’t Matter in the Future¬†

The future of money | Neha Narula РYouTube


Startup News Germany – November Wrap-Up

House Keeping

Once again we are Number 1;-) This time our German podcast got put there by a Hamburg based “founder initiative HEI” on their website¬†


Video in English:

  • ¬†We sat down for a short chat with Brant Cooper, NYTimes bestselling author of “The lean entrepreneur”. You can find the video of course on our YouTube channel
    • Brant Cooper – “The Lean Entrepreneur” in a short interview with Startupradio – YouTube¬†


Audio Episodes:

  • An interview with a startup from the social impact lab Frankfurt: MEJO! aims to improve the life of diabetes patients with data science, focusing on the Spanish speaking countries, working with behavioral data –¬†
  • Frankfurt Celebrates Innovation, the award ceremony for the startups, who get to go to the USA with the German Accelerator Program. We interviewed¬†a few startups and you can tune in here for some interviews and event highlights –¬†


Eco System 

Report of the Ministry of Finance: Germany on its way to become a fintech nation (GER)

From the report:

  • A total of 433 Fintech businesses with operations in Germany were identified; 346 of those remain active. The other 87 businesses either did not begin their operations before 2016 or else are no longer active
  • We estimate the total volume of the potential addressable markets of the financing and wealth management sectors in Germany to equal almost 1.7 trillion EUR in 2015. This figure comprises a market volume of approximately 380 billion EUR for the financing sector and about 1.3 trillion EUR for the wealth management sector. In a real case scenario, we forecast growth in the total market volume of FinTechs of approximately 58 billion EUR in the year 2020 and 97 billion EUR in 2025. In 2035 the market could realistically reach a volume of up to 148 billion EUR.
  • Almost 87 % of the surveyed financial institutions currently cooperate with a FinTech business and strive for cooperation with or a participation in a FinTech business in the future.
  • After the UK, Germany is the second largest FinTech market in Europe. Internationally, Germany is rapidly catching up.

And here is a PDF summary of the report in English:;jsessionid=31B1E5E0508FDEF49B49A6302F86D60C?__blob=publicationFile&v=1


KPMG Fintech Pulse: Germany again tops UK for FinTech funding in Q3’16: Germany saw almost 35% more funding to VC-backed FinTech companies than the UK for the second consecutive quarter, led by financings to Smava and FinanceFox. You find the link to the PDF here:




KPMG made a list of 100 FinTech Innovators. The list of the emerging stars from Germany made it Kreditech (#7 Hamburg) and Spotcap (#29 Berlin РRocket Startup)

In the Global Leaders Ranking made it Pair Finance (# 90 – Berlin) and Solaris Bank (# 96 – Berlin)

Article in German: 


Deloitte UK sees bright future for Frankfurt, as a FinTech hub in its recent report. Around the world in 21 hubs | Deloitte UK


German Fintech Awards been awarded in a ceremony in Frankfurt

  • Seed-/Early Stage: Scalable Capital (Robo Advisor from Munich and London)
  • Late Stage: CRX Markets (An independent marketplace for Asset-Based Financing solutions and connects Buyers, Suppliers, Banks and Institutional Investors from Munich)
  • Growth Stage: webID Solutions (Web based ID from Berlin)
  • Foreign new entrant to Germany: Quantoz (a Blockchain startup from the Netherlands)

You can learn more on the links below (mostly in German)


Coffee retail startup Roast Market raised more than 1 million this year, in two rounds. More details have not been disclosed.


Tech & Startup Events Frankfurt RheinMain РNow every week in English!


In the ministry of finance from the state of Hessen, there have been “countless” requests from banks, companies and startups from the UK after the Brexit vote reports Frankfurter Neue Presse¬†;art801,2347265


From our discussion, the list of InsurTech startups from Frankfurt and the InsurTech meetup. 


Berlin and Hamburg

Everybody seems to be on the hunt to profit from Brexit: Gr√ľndermetropole Berlin writes that Berlin and Hamburg now work on a startup tour together to lure startups from London over¬†




We found the captable of hyped Berlin FinTech¬†N26 / Number26¬†– Bottom line VCs control 54%, management 35,88 %, 8 business angels 6,13%, approximately 3% for Springer’s Plug and Play of the company. The company is therefore valued at 154 mn US$¬†

Related: CTO leaves hyped Berlin based fintech N26


Even established companies fail … frequently in ecommerce:¬†From a unicorn to a “no-corn” the well established chocolate company¬†Ritter Sport¬†wanted to produce a unicorn chocolate, only available online and … two times their online store just broke down. This lead to some ridicule on social media, using the hashtag¬†#glittersport¬†¬†– So, not only startups fail, but they can surely learn to get load tests before you expected a big wave of purchases¬†


Rocket Internet Corner

  • Rocket sold stakes last month
  • But remains under pressure
    • Rocket Internet drastically decreases its team size at the #Berlin-based headquarters reported EU-Startups¬†, which was in turn denied but only that it seemed plausible speaks for the state of the company
    • Bloomberg also writes that Rocket Internet’s Startup Factory Is Under Growing Pressure¬†
  • Rocket now tries fintech and gaming
    • RKET invests in FinTech, a company called Immolend, an alternative to factoring (factoring beeing selling your accounts receivable before you get the money, with a discount)
    • Rocket¬†also started their own FinTech, called Zinsgold (interest gold), which is a portal for fixed deposits,¬† appears to be now working only in Germany
    • Rocket’s GFC invests in Hamburg based young Gaming Startup Sviper¬†


move24 vs. movinga. Both startups help you to find the right person to move house now they also have a TV ad battle going:

Keep in mind movinga has already been in the news in the past

so now, there is more competition going on here. We keep you updated.


Startup wins lawsuit in Germany against Ryanair, can still by delay claims from passengers, which Ryanair tried to prohibit. Now the startup flight right can still buy late claims from the passengers

Unister you may remember the company with the many vacation portals that went in insolvency with a questionable end to the founder? We promised to keep you up to date. Now the insolvency administrator sold the first subsidiary


J√∂rn’s find¬†Icaros gives you with a funny chair and¬†VR glasses the feeling of flying.


Stay ahead of the curve

October Startup News Germany

House Keeping:

Wohoooooo!¬†The first recognition for our English podcast Lately,¬†our German channel was doing well. Now the English one is picking up speed as well. We have been the only podcast from Germany listed in’s list¬†of¬†“14 entrepreneurship podcasts worth listening to”¬†

Roadtrip Interviews and Event Highlights from Bits & Pretzels 2016 РPart I Р

myLike РGet Inspired By People You Trust Р

We had the first English version of our format last week. We had a live discussion, which we streamed in YouTube and Periscope. We discussed Robo Advisory with founders, bankers and consultants and more than 100 live guests with our friends from the Fintech Meetup Frankfurt.

You can see the recording of our Robo Advisor discussion live from Frankfurt here on YouTube



German Startup Monitor:

Newest Survey of startups in Germany: 23% receive external financing like venture capital or credit

Approx. 9% of responding startups are headquartered in Frankfurt and the surrounding RheinMain Area


Brexit and the uncertainty it causes … is are already hurting … FinTech startups in London writes Business Insider¬†


European tech funding dropped 17% to 3.4 billion in Q3 2016 compared year on year. Also in the numbers are included Israel and Turkey. Notably, investments are down in two very important countries, namely Germany and UK. On the other hand, France was doing quite well. The decline of activity in the UK may be attributed to Brexit. In Germany Rocket Internet is not as active as they used to be




Our friends form Clark found that in Frankfurt there are more InsurTech and FinTech jobs offers, than in Berlin


We did attend the ceremony of German Accelerator Program, here in Frankfurt where the startups have been announced, which will be taken to the US (New York and the Valley) with the program. We will bring you interviews from there of course. Also there CEO Andy Goldstein from the German Accelerator said “Frankfurt is pretty much the center for FinTech¬†startups in Germany”



Frankfurt Women in Fintech has now had its second monthly meeting. The group has grown to 130 members since September. It was founded to help bring more women into the Fintech startup scene, as employees and founders.



Accelerator 500 Startups starts postseed mentoring program in Berlin reports German startup blog Gr√ľnderszene¬†¬†¬†



Rocket Internet Corner

Rocket Internet‚Äôs cleaning service ZipJet acquires it’s London-based competitor Asteria Cleaners¬†


Rocket internet’s Wimdu and 9Flats merge to compete with airbnb – Let’s see if there is still “room” for them. Recently both have been under pressure lately since Airbnb is far ahead of them¬†


A pioneer room broker from Germany Gloveler (founded 2009), a kind of Airbnb or couch surfing Рends in insolvency


German authorities ask Tesla to stop using misleading Autopilot term in its ads. The response of Tesla remains unclear till now. Let’s see. We will keep you up to date https://t,co/vL47YBbmAY https://t,co/MtAOol8XbC

We discussed:



Many try to imitate¬†Blue¬†Apron. We found some ideas why they all (original and copy cats) seem to be a bit behind expectations: The¬†‚Äúbig problem¬†[of Blue Apron]¬†is that it‚Äôs some combination of three existing businesses, none of which are attractive.‚ÄĚ ==> What does this mean for (German) copy cats?¬†We are not sure, but will surely keep you up to date.¬†¬†


The Berlin-based Music Maker JAM is doing quite well, we found. They have now hits 1.5 million registered members and plan to hit 3 million by end of 2016 РDid you know this startup before?


Fintech is hot now in Germany:


  • German Startups Group invests in FinTech¬†de. The new startup of ousted Kreditech founder Sebastian Diemer. The startup offers factoring solutions for freelancers, self-employed entrepreneurs as well as small and medium-sized enterprises.¬†
  • More FinTech: German FinTech¬†Smava¬†raises $34 million. Smava has been around for some almost 10 years now. It offers a credit comparison business¬†
  • The deposit marketplace startup¬†Raisin¬†(which brokers bank deposits in Europe) has reached more than 1.7 bn ‚ā¨ in invested volume¬†
  • Bad news for hyped Berlin based startup Cookies. It did not get the bridge financing it needed and therefore went into insolvency¬†– A few days before co-founder Garry Krugljakow was ousted effective immediately, even though he was not in the company 6 weeks prior¬†
  • Gr√ľnderszene has a long story on¬†Michael Gastauer, founder FinTech¬†WB21, which he wants to IPO in 2020. Now he claims a valuation of 2.2 bn US$. Now Gr√ľnderszene did its homework and found systematic fraud in the past of the founder, spanning London, Switzerland, Singapore and the British Virgin Islands. The swiss courts documents available to Gr√ľnderszene show illigeal gun ownership, a traffic accident with an injured police officer and fraud (involving his company G&S), for which he was sentenced to 18 month. He claims to have founded Apax Global Payment and sold it to a malayan company for 480 mn US$, where in the annual report of the acquirer no hint can be found.¬†


In¬†ecommerce¬†in Germany there are depressing news for the locals. Since the Amazon platform is pulling ahead of it’s competition. According to the blog Netzoekonom Amazon generates in Germany 9.4 bn ‚ā¨ in revenues, excluding the sales of its platform. With the platform it is even as high as 19.4 bn ‚ā¨. The closest local competitor (a former catalogue retailer) is dragging along with 3.1 bn ‚ā¨ in revenue, followed by Rocket Internet’s Zalando with 1.2 bn ‚ā¨¬†


Crowdfunding insolvencies have been collected by Deutsche Startups. They include

* Returbo Р1.088.050 Euro

*¬†Tollabox¬†‚Äď 600.000 Euro

*¬†Vibewrite¬†‚Äď 560.250 Euro

*¬†foodieSquare¬†‚Äď 530.000 Euro

*¬†Paymey¬†‚Äď 400.000 Euro

* Twinkind Р350.000 Euro loss for the crowd and 500.000 for a business angel

* Sommelier Privé Р300.000 Euro

* Carzapp Р250.000 Euro

* Lingoschools  Р155.744 Euro

* fotovio Р148.640 Euro


5 notable Startup exits in Germany

*¬†– Viral “news” and video portal bought by Funke Media Group

* InnoGames bought by Swedish company MTG

* Käuferportal (buyer portal) received investment from ProSieben Sat1 Media and General Atlantic, which in turn took over the majority

* Myhammer got acquired by US based HomeAdvisor

* Wimdu merged with 9flats, which could be interpreted as a takeover by 9flats. See above


Stay ahead of the curve:

You Cannot Cut Your Way to Growth says the Red Rocket Ventures Blog, read more what it means for Growth Hacking

We found a report on Wholesale Transaction Banking, which is talking about leveraging Fin and Tech

Our friends from EU-Startups write that Germany is getting serious about Alternative Finance

Finally we found an Infographic on how the Industrial Internet of Things could change the world


Startup News from Germany – Summer wrap up

House Keeping:

This is the first news wrap up after the summer break. What we have been up to during the summer:

In German

  • We got for you an update on the billion dollar project of a startup campus. The project shall be called Silicon Valley of Europe and will be located in the vicinity of Frankfurt. We wait for the results of a land auction if the project will get the required area:¬†
  • We introduced our listeners to a short format “in nuce” (in brief), where we introduce our listeners to several event formats in short podcasts

In English: (our German channel) is once again listed as a need-to-know source for every entrepreneur in Germany:



Frankfurt and region making themselves heard in London



Frankfurt turns into #Fintech city writes local newspaper Frankfurter Rundschau, listing 35 fintechs in the city center alone. Here is the map:


  • The robo advisor Ginmon raised “millions” from London based¬†Passion Capital¬†
  • Frankfurt insurance startup Clark raises ‚ā¨13.2 million¬†
  • Cloud Computing:¬†Frankfurt is on the way to become the could computing center of Europe writes Wirtschaftswoche¬†
  • From one of the first startup guys in Frankfurt, there is now¬†the “Intro to the Frankfurt Tech scene”¬†
  • More signs of life: Relative to its population,¬†Frankfurt¬†is¬†the most mentioned¬†startup¬†city¬†in Germany¬†on the Internet¬†

Financing for 42 ha (for americans 103 acres) innovation center & startup campus close to Frankfurt have been secured. We are waiting for the official results of the public bidding. This is associated with out interview mentioned above, but an article by Frankfurt based news paper Frankfurter Rundschau



In Berlin, the flagship startups of Rocket Internet are not doing especially well, but this seems not to matter too much to the overall tech scene


Rocket Internet

Hit a rough patch in all of 2016 so far:


Tesla: A close Musk associate Antonio Gracias has been turned down by a bavarian battery producing sme called Sonnen, writes manager magazin. Tesla seem to have been interested taking a stake in the company

Here is the promised interview of Elon Musk by Y Combinator: How to Build the Future РYouTube

The story of Travador, they started out as a startup for travel flash sales. This did not work out, the did a pivot and developed their own booking platform for short and weekend trips. Now they are profitable


Unister¬†was a talking point all through summer. The company behind several B2C travel portals like (like head for vacation) or fl√ľ (flights) are owned by the company. The holding company itself is under receivership right now. The founder apparently wanted to avoid that and fell for a scam (so called rip deals), the founder Thomas Wagner getting a cash loan of several millions swiss francs in counterfeit money, in exchange for posting a collateral in real cash. Than to make havoc on the company absolute …. the private jet in which they transported back the money crashed and killed the jet’s crew and passengers (including Mr. Wagner)¬†


Automated Vehicles / Automated Driving

“German OEMs retain their lead over US automakers when it comes to incorporating automated functions in mass produced vehicles.” writes Roland Berger in their newest research on automated vehicles

The US and Germany lead the field in terms of automated vehicle expertise.


The Economist thiks there will be a starbucks effect in chocolate as well and is asking “Who will be the Starbucks of chocolate?”¬†


Know-how for those with vision

Germany performing well in region innovation rankings, writes the European Commision in a publication

Peter Thiel at¬†Stanford to Share Tips from his book “Zero to One” – YouTube¬†

Peter Thiel on the Global Economy, the State  Tech and Artificial Intelligence РYouTube