Startup News Germany – June 2017

Housekeeping

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: http://www.startuprad.io/interviews/frankfurtfintech-interview-yassin-founder-ai-savings-app-savedroid/

 

Eco System

none today

Hubs

Startup New Germany – May 2017

Housekeeping

We made it up to Number 45  in the German podcast download charts for 3 days during Easter! Aaaaaaaaaaaaaaaawesome! 🙂 http://www.itunescharts.net/ger/artists/podcast/startupradio/podcasts/startupradio-startup-podcast-from-germany/  

An article by our friends Joe and Paul from Rhein-Main Startups on the Frankfurt Startup Eco System http://www.startupblink.com/blog/frankfurt-startup-ecosystem/

Jacob talked about the Berlin Startup Jobs Fair 2017 – startuprad.io http://ow.ly/6zQn30cfUYa

Joern attended the opening of the German Entrepreneurship Center GTEC Campus Frankfurt http://ow.ly/Eru430cfV1X

Startup News Germany – April

Housekeeping

Geektime wrote about our interview with Deutsche Bank “Breaking into Deutsche Bank: This German giant has found a way to reach out startups” http://ow.ly/CCfy30bgqzg

 

How Clark Made It on Bloomberg’s List of the Most Promising Startups – Insurtechtalk https://t.co/VjOLUo8el3

 

Eco System

It appears Cryptocurrencies are being used for Ponzi or Pyramid Scheme Scams now reports Confluence http://ow.ly/V6jM30aW5J0  

OneCoin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme – The Cointelegraph https://t.co/aDoUseQmvi

DASCOIN, another outbreak of the #Onecoin strain of MLM Virus. https://t.co/boGvejZrsy

 

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 “Manhattan” by Ella Fitzgerald. The amazing Ella would have turned 100 just 3 days before the recording.

 

Hubs

Frankfurt

Survey results: Frankfurt among top 50 cities for entrepreneurs globally| Rhein-Main http://ow.ly/201n30a6sNX  

 

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 http://ow.ly/O4DX30aoSkW

 

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 “A Wealth Tech World: Mapping Robo-Advisors Around The Globe”  http://ow.ly/mUN330bdoj2

 

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 https://t.co/Z2aYsZdroz

 

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 🙂  https://t.co/LwekF249of

 

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)- Tech.eu https://t.co/pUDaiPRGKa

 

Cologne

Federal Ministry of Economy awards funds to Cologne in digital hub initiative for Insurtech – deutsche-startups.de http://buff.ly/2oz9wPL

 

Companies

The bad news

The marketing blog “Online Marketing Rockstars” 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  http://ow.ly/fKI430ajSpS

 

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 http://ow.ly/yY7H30aYE2O

 

The online shoe store Giggs gave up – since up to 60 % of goods / shoes been returned http://ow.ly/9POo30b91OU

 

The good news

Vimcar, a Berlin startup that offers hardware and an app to manage company fleets, raised $5.5M https://t.co/jWJ52vqp0s https://t.co/ftwYwiSWMK

 

There seems to be some great movement in the Media Startup market, coming from Switzerland. We have republik.ch, 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.

https://www.republik.ch/

 

The digital health insurer Ottonova raised 15 million https://t.co/IlWTDueTQJ

 

IoT News

The Munich-basedIoT startup KONUX announced a final close of its Series A funding round worth $16 million | EU-Startups https://t.co/i4B6hPi2U0

 

The agriculture and industry IoT platform Cumulocity, based in beautiful Düsseldorf was acquired by Rhein Main (Darmstadt) based Software AG https://t.co/EU4z1lrHMM

 

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 € annual revenue).  Mainly the “frontal attack” comes due to all the not upheld promises the Samwer brothers made. http://www.manager-magazin.de/unternehmen/handel/michael-otto-frontalangriff-auf-oliver-samwer-a-1142700.html

 

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 €741 million http://buff.ly/2qatv7u
  • 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 €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 http://buff.ly/2qasA6W
  • (added after the recording) Global Fashion Group posts improved 2016 revenue but is still making losses http://ow.ly/QSQC30bhTWd

 

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.  http://buff.ly/2poHYf5

 

Joern’s find New Billionaire: How CEO Of Papa John’s Turned Pizza Into A Fortune – YouTube http://ow.ly/knRy30b91J4

Competitions and events

Frankfurt Tech Days come up on May 16th 2017 in Frankfurt. We are media partner. http://ow.ly/OqSB30bk1WO

Stay ahead of the curve

A hitchhiker’s guide to the galaxy of accelerators – can you hack your way out of them? https://t.co/82ZFRqwOEy

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:

2011

Why taxi medallions cost $1 million – Reuters http://ow.ly/Aw7Z30aoYm4

2013

Taxi Medallions: Golden Investment on the Streets of New York – WSJ http://ow.ly/ysx230aoTX3

2016

NYC yellow cab medallion prices falling further – Business Insider Deutschland http://ow.ly/y7uy30aoTXc

 

Christians food for thought: Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck http://ow.ly/3saJ30ap2pk

 

February

March

 Uber

Two Executives to Leave Uber, Adding to Departures – The New York Times http://ow.ly/fyOX30a5qoz

Morning Agenda: The Exodus From Uber Continues – The New York Times http://ow.ly/EOXf30a5qvG

In Video, Uber CEO Argues With Driver Over Falling Fares – Bloomberg http://ow.ly/HaZ230ap1dR

Growth vs. Profits: Uber’s Cash Burn Dilemma  http://buff.ly/2kbB8oL

 

SoundCloud

SoundCloud needs more money, or it may sell at a fire-sale price wrote Recode here http://ow.ly/kWg2309SWuj

Our story, we left SoundCloud pretty early on! http://www.gruenderszene.de/allgemein/soundcloud-bewertung-geruechte

[Background:]

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’s 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 — including last year’s $70 million Twitter investment — at the same valuation.

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

 

Miito

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

http://www.gruenderszene.de/allgemein/miito-kickstarter-insolvenz

 

Marguerite talks about the Single European Payment Area (SEPA), learn more here: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

 

SXSW-Wrapup

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.

http://www.gruenderszene.de/allgemein/berliner-startup-holoplot-sxsw

 

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

https://www.horse-analytics.com/

 

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

http://www.gruenderszene.de/allgemein/hidden-champion-lampenwelt-120-millionen

 

BaFin said to be close to handing insurance license to Berlin-based fintech incubator FinLeap http://ow.ly/lqC930a48UM

 

Rocket Corner

“Der Fall Ikarus”

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: “No 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.”

http://www.wiwo.de/my/unternehmen/it/rocket-internet-der-fall-ikarus/19523396.html?ticket=ST-912737-v7KgFRELSyJWzaWY5fJm-ap2

 

Frankfurt:

 

Clark.de, 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! Clark.de an InsurTech from Germany, headquartered in Frankfurt am Main.

Here is the interview (we did publish it in the meantime http://ow.ly/gfvm30apSQ8)

 

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

http://www.gruenderszene.de/allgemein/tech-quartier-frankfurt-am-main-fintech-rhein-main

 

Frankfurt School of Management’s First startup night – March 16 – a big success!

 

Parcel service Hermes acquires majority stake in Frankfurt-based startup Liefery http://ow.ly/Xz2z30a4A5g

 

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’s first LGBTI hackathon „Love to the Front” in Berlin on the 31st April. It’s hosted by Erasys.

More at http://unicornsintech.com/work/hackathon/ or at unicornsintech.com, then scroll down to events.

Housekeeping:

 

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.

http://internationalcbc.com/icbc-berlin-2017-tickets/

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. https://t.co/ZH0F8852ZA

We did a live stream of the Accelerator Frankfurt Demo Day. You can see the recording here #demodayffm https://www.youtube.com/playlist?list=PLNT8T-Znm8zVx-PctAQcsMtRGXIQnuE24

In German: Fintech Review German https://www.startupradio.de/fintech-review-2016-und-ausblick-2017/

Interview with the winners of Deutsche Bank Hackathon

 

Hubs

Frankfurt:

Creathor Venture and IBB Beteiligungsgesellschaft invest a seven-digit amount in manufacturer of ultra-reliable communication systems R3 Communications http://buff.ly/2jTDVFd

Could Frankfurt become the new Berlin for startups? ask the local https://t.co/xukv64Mvnz

BAAAAAAM! There it is SpaceStarters a new crowdfunding #platform for air and space tech! http://ow.ly/ftDI3079WNA

CardioSecur turns Smartphone into ECG https://www.fuer-gruender.de/blog/2016/12/cardiosecur-medsystems/

Deutsche Boerse offers gamers place to trade virtualgoods | Reuters http://ow.ly/X4v6306JNbe

There are now mind blowing 172 meetups in the Rhein-Main Area related to coding, desing, startups and vc investment http://meetup.rheinmain.rocks/

 

TRUMP, TRUMP, TRUMP!

Jörn’s input the Smooth-Hawley Tariff (on protectionism with tariffs)
– An article from free.org “In 1930 a large majority of economists believed the Smoot-Hawley Tariff Act would exacerbate the U.S. recession into a worldwide depression.” https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/

 

Companies

We talked about it before Online auction house Auctionata has filed for preliminary insolvency and plans to spin off Paddle8 | EU-Startups http://ow.ly/JtPR308bKVG

Management Level employees leave Berlin based fintech OptioPay reports Gründerszene https://t.co/uqoUdq6RdC

Alltogehter there are 9 startups aiming to copy casper (matress), who is by the way also selling in Germany by now http://ow.ly/I3tM3080hHv

Timm Schipporeit leaves VC Index Ventures after Movinga fiasco writes manager magazin http://ow.ly/SbDw3079TP6

 

GSA

Making art helps this refugee create her new life in Austria  https://t.co/yoA677OvGE

 

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 € (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 €.  http://ngin-food.com/artikel/rocket-internet-foodpanda-delivery-hero-analyse/ 

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€, compared to a high of more than 50€ in 2015. https://techcrunch.com/2017/01/20/rocket-internet-closes-1b-fund-the-largest-to-date-out-of-europe/

 

 

2016 Review

Germany’s 10 fastest growing #startups in 2016 | HEUREKA magazine https://t.co/0rgiKqthTE

German #FinTech Overview in one big chart https://t.co/lieUTNVNZL

15 largest financing rounds in Germany in 2016 http://berlinvalley.com/finanzierungsrunden-startups-2016/ Hello Fresh beeing the largest with 85 mn €

Largest and most important exits 2016 http://ow.ly/ohS5307Yp9L Team View Investor buying P&I the biggest 850 mn €

 

Accenture „HealthTech Innovation Challenge“ – 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 „Visual Narrative“-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’s share of European VC activity. Together they will account for 75%+ of EU’s VC funding volume”

Point Nine Capital 2017 Team Predictions – Point Nine Land – Medium http://buff.ly/2jn6zhl

 

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

Among them are Monetization of Facebook Videos and VR. VR? Yup. https://medium.com/digital-journalism-rocks/these-10-journalistic-next-big-thing-predictions-are-doomed-to-fail-in-2017-81d2ec4dea97#.m718w657z

 

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 https://www.the-little-michelangelo.com/

Werner von Siemens, a great innovator would have turned 200 in december 2016! http://www.gruenderszene.de/galerie/siemens-zitate?pid=13197

 

Stay ahead of the curve

Why Apps Won’t Matter in the Future https://www.youtube.com/watch?v=drXNPy23Xco

The future of money | Neha Narula – YouTube http://ow.ly/rpzt307reY8

 

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 http://www.hei-hamburg.de/blog/hoert-euch-schlau-podcasts-fuer-gruender/

 

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 http://ow.ly/Ua0q306IsWc

 

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 – startuprad.io http://ow.ly/r2TP306Itfg
  • 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 – startuprad.io http://ow.ly/JI2H306ItV4

 

Eco System 

Report of the Ministry of Finance: Germany on its way to become a fintech nation (GER) http://buff.ly/2gdbIaR

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: http://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Internationales_Finanzmarkt/2016-11-21-Gutachten-kurz-en.pdf;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: https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2016/11/the-pulse-of-fintech-q3-report.pdf

 

 

Hubs 

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 – Rocket Startup)

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

https://home.kpmg.com/xx/en/home/media/press-releases/2016/10/the-fintech-100-announcing-the-worlds-leading-fintech-innovators-for-2016.html

Article in German: http://www.gruenderszene.de/allgemein/fintech100-fintech-innovators-kpmg-2015-1601 

Frankfurt 

Deloitte UK sees bright future for Frankfurt, as a FinTech hub in its recent report. Around the world in 21 hubs | Deloitte UK http://buff.ly/2eQKpiA

 

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)

http://www.startupvalley.news/de/scalable-capital-gewinnt-fintechgermany-award/

https://www.webid-solutions.de/de/

https://quantoz.com/

 

Coffee retail startup Roast Market raised more than 1 million this year, in two rounds. More details have not been disclosed. http://ow.ly/DBvO306AbFL

 

Tech & Startup Events Frankfurt RheinMain – Now every week in English! https://hallofrankfurt.de/tech-startup-events-frankfurt-rheinmain-a67bc901d088#.ak0dq9piz

 

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 http://www.fnp.de/rhein-main/Warum-der-Brexit-eine-grosse-Chance-fuer-Hessen-ist;art801,2347265

 

From our discussion, the list of InsurTech startups from Frankfurt https://rhein-main-startups.com/2016/08/22/insurtech-startups-aus-frankfurtrheinmain/ and the InsurTech meetup. 

 

Berlin and Hamburg

Everybody seems to be on the hunt to profit from Brexit: Gründermetropole Berlin writes that Berlin and Hamburg now work on a startup tour together to lure startups from London over http://ow.ly/9qEP306pmiZ

 

Companies

 

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$ http://ow.ly/COOp306nwbu

Related: CTO leaves hyped Berlin based fintech N26 http://www.gruenderszene.de/allgemein/christian-rebernik-abgang-number26

 

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 http://ow.ly/JC1K306bYSE

 

Rocket Internet Corner

 

move24 vs. movinga. Both startups help you to find the right person to move house now they also have a TV ad battle going: https://www.deutsche-startups.de/2016/11/07/move24-vs-movinga-jetzt-auch-im-tv/

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  http://ow.ly/TMgN3062sm1

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 http://ow.ly/II60306bu7I

 

Jörn’s find Icaros gives you with a funny chair and VR glasses the feeling of flying.

http://www.vrfitnessinsider.com/interview-icaros-co-founder-johannes-scholl/

 

Stay ahead of the curve

October Startup News Germany

House Keeping:

Wohoooooo! The first recognition for our English podcast Startuprad.io. 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 EU-Startups.com’s list of “14 entrepreneurship podcasts worth listening to” http://ow.ly/2pI1305Jbe1

Roadtrip Interviews and Event Highlights from Bits & Pretzels 2016 – Part I – startuprad.io http://ow.ly/uNKZ305CNTG

myLike – Get Inspired By People You Trust – startuprad.io http://ow.ly/dkle305CNXL

We had the first English version of our format www.startupcouch.tv 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 https://www.youtube.com/watch?v=akCaXmFfgMQ

 

Ecosystem

German Startup Monitor:

Newest Survey of startups in Germany: 23% receive external financing like venture capital or credit http://ow.ly/5u4W305kNu0

Approx. 9% of responding startups are headquartered in Frankfurt and the surrounding RheinMain Area  http://ow.ly/MuFT305kNLF

 

Brexit and the uncertainty it causes … is are already hurting … FinTech startups in London writes Business Insider http://www.businessinsider.de/ceo-suade-diana-paredes-says-brexit-hurts-british-fintech-and-startups-2016-10?r=US&IR=T

 

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 https://t.co/blDXfneh1f

 

Hubs

Frankfurt

Our friends form Clark found that in Frankfurt there are more InsurTech and FinTech jobs offers, than in Berlin https://twitter.com/ClarkGermany/status/775716440787804161

 

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” pic.twitter.com/ubyeZ5RAu1

 

FRANKFURT WOMEN IN FINTECH 

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. https://www.meetup.com/Frankfurt-Women-in-FinTech/

 

Berlin

Accelerator 500 Startups starts postseed mentoring program in Berlin reports German startup blog Gründerszene  https://t.co/UoHw3tWuyB https://t.co/aFeAE5DN20

 

Companies

Rocket Internet Corner

Rocket Internet’s cleaning service ZipJet acquires it’s London-based competitor Asteria Cleaners http://ow.ly/korA305J8AK

 

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 https://t.co/FFn1UTInK6

Related:

A pioneer room broker from Germany Gloveler (founded 2009), a kind of Airbnb or couch surfing – ends in insolvency https://t.co/P9zA617MRp

 

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 “big problem [of Blue Apron] is that it’s some combination of three existing businesses, none of which are attractive.” ==> What does this mean for (German) copy cats? We are not sure, but will surely keep you up to date.  http://www.bloombergquint.com/business/2016/10/07/meal-delivery-startups-show-tech-disrupted

 

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 – Did you know this startup before? https://t.co/Xst0hKgRy4

 

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. https://t.co/znCg0LB1iw
  • More FinTech: German FinTech Smava raises $34 million. Smava has been around for some almost 10 years now. It offers a credit comparison business https://t.co/mvAN66NI4Y
  • The deposit marketplace startup Raisin (which brokers bank deposits in Europe) has reached more than 1.7 bn € in invested volume https://t.co/Gv6A5JlVvT
  • Bad news for hyped Berlin based startup Cookies. It did not get the bridge financing it needed and therefore went into insolvency https://www.deutsche-startups.de/2016/10/27/cookies-insolvent/– A few days before co-founder Garry Krugljakow was ousted effective immediately, even though he was not in the company 6 weeks prior https://www.deutsche-startups.de/2016/10/25/cookies-krugljakow-muss-gehen/
  • Gründerszene has a long story on Michael Gastauer, founder FinTech WB21, which he wants to IPO in 2020. Now he claims a valuation of 2.2 bn US$. Now Gründerszene 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 Gründerszene 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. http://www.gruenderszene.de/allgemein/michael-gastauer-wb21-betrug-steuerhinterziehung-urteil-betrueger

 

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 € in revenues, excluding the sales of its platform. With the platform it is even as high as 19.4 bn €. The closest local competitor Otto.de (a former catalogue retailer) is dragging along with 3.1 bn € in revenue, followed by Rocket Internet’s Zalando with 1.2 bn € https://t.co/8EoKPYxwK0

 

Crowdfunding insolvencies have been collected by Deutsche Startups. They include

Returbo – 1.088.050 Euro

Tollabox – 600.000 Euro

Vibewrite – 560.250 Euro

foodieSquare – 530.000 Euro

Paymey – 400.000 Euro

Twinkind – 350.000 Euro loss for the crowd and 500.000 for a business angel

Sommelier Privé – 300.000 Euro

Carzapp – 250.000 Euro

Lingoschools  – 155.744 Euro

fotovio – 148.640 Euro

https://www.deutsche-startups.de/2016/10/27/5-crowdinvesting-pleiten-die-richtig-weh-getan-haben/

 

5 notable Startup exits in Germany

* Heftig.co – 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

https://www.deutsche-startups.de/2016/10/31/5-aktuelle-exits-die-jeder-mitbekommen-haben-sollte/

 

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 https://t.co/nSh4cp0c4N

We found a report on Wholesale Transaction Banking, which is talking about leveraging Fin and Tech https://t.co/wKg1IDeel7

Our friends from EU-Startups write that Germany is getting serious about Alternative Finance http://ow.ly/kRMZ305J8Bq

Finally we found an Infographic on how the Industrial Internet of Things could change the world http://ow.ly/3T7h305J90x

 

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: https://www.startupradio.de/der-silicon-valley-of-europe-update/
  • 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:

Startupradio.de (our German channel) is once again listed as a need-to-know source for every entrepreneur in Germany: http://www.deutsche-startups.de/2016/08/25/5-podcasts-die-sich-jeder-gruender-anhoeren-sollte/

 

Ecosystem

Frankfurt and region making themselves heard in London http://ow.ly/O91p304CenE

Hubs

Frankfurt

Frankfurt turns into #Fintech city writes local newspaper Frankfurter Rundschau, listing 35 fintechs in the city center alone. Here is the map: https://twitter.com/GangolfSchrimpf/status/773044029323931648

Fintechs:

  • The robo advisor Ginmon raised “millions” from London based Passion Capital http://ow.ly/6gRG303uzjm
  • Frankfurt insurance startup Clark raises €13.2 million http://ow.ly/tgqI302Sbfn
  • Cloud Computing: Frankfurt is on the way to become the could computing center of Europe writes Wirtschaftswoche http://ow.ly/GV8v303uze6
  • From one of the first startup guys in Frankfurt, there is now the “Intro to the Frankfurt Tech scene” http://ow.ly/MuVs302S2k9
  • More signs of life: Relative to its population, Frankfurt is the most mentioned startup city in Germany on the Internet http://ow.ly/pIm6302nFsX

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 http://ow.ly/ZNGY303z8oD

 

Berlin

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 http://ow.ly/aWvz3041gCZ

Companies

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 http://ow.ly/XXtx3040Ln9

Here is the promised interview of Elon Musk by Y Combinator: How to Build the Future – YouTube http://ow.ly/r7Wr304CqpC

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 http://ow.ly/TtAl304cd4E

 

Unister was a talking point all through summer. The company behind several B2C travel portals like abindenurlaub.de (like head for vacation) or flüge.de (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) http://www.n-tv.de/wirtschaft/Unister-Chef-Wagner-ging-volles-Risiko-article18424011.html

 

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.

https://www.rolandberger.com/en/Publications/pub_automated_vehicles_index_q3_2016.html

 

The Economist thiks there will be a starbucks effect in chocolate as well and is asking “Who will be the Starbucks of chocolate?” http://ow.ly/IqWD3033ZHx

 

Know-how for those with vision

Germany performing well in region innovation rankings, writes the European Commision in a publication http://ec.europa.eu/growth/node/1378_de

Peter Thiel at Stanford to Share Tips from his book “Zero to One” – YouTube http://ow.ly/BVAq302O1vC

Peter Thiel on the Global Economy, the State  Tech and Artificial Intelligence – YouTube http://ow.ly/4Cw6302O1Jg

 

Startup News from Germany – Summer

House Keeping:

This is the last news podcast before the summer break. We will be back with more interviews, new formats and even live streams in September.

Our recent publications:

 

Ecosystem:

Of course, the big news in the last 6 weeks has been the Brexit. Many cities are fighting for the businesses, banks and startups leaving the UK. We collected articles for on the topic:

 

Hubs

We found news on two hubs, Frankfurt and another one, which may have escaped your sight, the lovely city of Heidelberg.

Heidelberg

is home to the 2nd oldest university in Europe (approx 400 years older than Harvard), home to a world class medical school. This also draws in biotech companies, tech startups and centers like the German Cancer research center. Don’t forget the proximity to software giant SAP and cities like Stuttgart or even Frankfurt (35 minutes by high speed train). “5 Reasons to build your startup in Heidelberg instead of Berlin (Ger)” http://ow.ly/Kc3K3022KEJ

Frankfurt

Best Startups of Frankfurt University, thanks to their incubator called Unibator (Ger) http://ow.ly/48rO301YhTO

Accelerator Frankfurt, you can apply now! As a startup in fintech, cybersecurity or a web based startup http://ow.ly/d58N3020oeO

 

Companies

Frankfurt based fintech savedroid AG closes 1mn € seed funding and releases its beta version for micro savings https://t.co/7UM2BQ4lzq
Natehelps.de is the startup Chris is talking about, while discussin the news.

 

Uber‘s 62.5 bn US$ valuation makes only sense, if it becomes a monopoly and this will fail http://ow.ly/O9bR300QvnJ
Uber also raises its first loan of $1.15 bn http://ow.ly/Skkp302b9wg

 

This is how travel portal Travelcircus had a rocket like launch (Ger) http://www.morgenpost.de/wirtschaft/karriere/article207765433/So-gelang-dem-Reiseportal-Travelcircus-der-Senkrechtstart.html?__pwh=F3mLBo0YTGmmzIFwWppiNA%3D%3D

 

Fintech superstar Number26 goes through a phase of heavy scrutinizing right now. They claimed to have “Europe’s most modern bank account” and they wanted to do everything in finance differently, yet now they took some of it back http://www.handelsblatt.com/unternehmen/banken-versicherungen/fintech-number-26-auf-dem-weg-zur-normalen-bank/13861690.html

 

And a look at the solar industry: There’s company “Sonnen“, now really getting more and more into the US market http://arstechnica.com/business/2016/07/sonnens-new-battery-for-solar-self-consumption-could-succeed-in-us/

 

We also had rumors, which turned out to be untrue: Media reported that Alipay wanted to buy a 25% stake in Munich based Wirecard payments provider https://t.co/0ANJPnCkLI 

 

Half a year is over and this may be the first time to look back. For this we use the collection of the most important venture capital investments the blog deutsche-startups.de and we only see two rocket startups in the top 11. This is quite surprising, since the rocket startups used to be the list (zalando, delivery hero, …). Times are changing?
(Article was changed since we based our news on it) http://ow.ly/q2QO302d8jf

* SoundCloud (100 mn + 32 mn US$)

* eGym (45 mn US$)

* Number26 (40 mn US$)

* Finanzcheck.de (33 mn Euro)

* Spotcap (31,5 mn Euro) – Rocket Startup

* Celonis (27,5 mn US$)

* SnapShot (25 Millionen)

* Movinga (25 mn US$)

* Thermondo (23,5 mn Euro)

* tado (20 mn Euro)

* Home24 (20 mn Euro) – Rocket Startup

 

Startup Competitions

You can now apply for the wards handed out by Google, McKinsey and Rocket https://techcrunch.com/2016/06/30/google-mckinsey-and-rocket-internet-launch-search-for-europes-best/

You can apply now to the Euro Finance Tech Award, which will be handed over at the Euro Finance Tech in November this year in Frankfurt http://www.eurofinancetech.com/blog/award2016/

 

Know-how for those with vision

Startup news from Germany – May 2016

House Keeping

We have for you an interview in German with Swiss serial entrepreneur Peter Ohnemus. He had his first company with 14, and sold companies to the likes of Thompson Reuters and Sybase. He is introducing the listeners in German to his health care startup Decadoo https://t.co/X8VbptaKHk The Interview was part of our media partnership with Health 2.0 in Barcelona this month

Roadtrip Startupradio goes #SXSW

New interview with a food startup from Frankfurt, Lizza who claims to made Pizza healthy http://ow.ly/mEAj300C4Z9

Frankfurt Entrepreneurs Award live stream and video in German, you can see it here in Youtube. Out of 37 applications, three startups were awarded prices. Number two and three taken by FinTech:

  1. Mobileeee who offers a car sharing at the airport
  2. Creditshelf, who helps their client get the best credit offers
  3. Ginmon, a new robo advisor

Finally, we have also been live with the periscope app at the Big Data Meetup here in Frankfurt, which you can replay here https://t.co/4msoy22UV0

Ecosystem

The funding to the new media formats Virtual Reality, Augmented Reality and Space startups shot up by 44%, totaling $3.5B in equity financings in 2015, over a record 254 deals writes research provider CB Insights https://t.co/t4oYrLEBi2

There is a great overview put together by the magazine t3n of the largest marketplaces for e commerce from a retailer’s perspective. If you are a startup looking to sell your product in Germany online you should pay attention https://t.co/JVggtZeGyH

A Berlin investor has the UK tech startups, that in case of a Brexit the EU funding will dry up. We remember from one of the last epidosded, that Berlin was one of the most important sources of VC in Europe http://www.businessinsider.de/a-berlin-investor-has-warned-that-a-brexit-will-starve-uk-tech-startups-of-eu-money-2016-5?r=UK&IR=T

Hubs

Once again there was a lot going on in Frankfurt recently. No other hub got so much attention here and we have just some news here for you:

Fraport, the company running the Frankfurt Airport will hold it’s first “Frankfurt Airport Innovation Challenge” http://ow.ly/ZmR6300zfU7

Frankfurt is also now a hotspot for FinTechs. Not only are there a lot of FinTech startups springing up, but also are there many, already listed here. Just two examples of the developments last month:

  • MyBuck, an African micro lender want to IPO on the Frankfurt Stock Exchange. Unfortunately the mood on Cap Markets have not been good and therefore the plans have been called off shortly before the date of listing http://ow.ly/p6lF300C2hC
  • Swiss payment service Cashcloud has already been listed in Frankfurt, but now the stock price went into free fall after there have been bad news in questionable research reports http://ow.ly/LeM6300C2n3

The RheinMain area is a hidden gem in the global gaming industry. Just some links here:

Companies

Amazon has now started the Launchpad in Germany, where the company helps startups to sell their B2C products and competes with the likes of Kickstarter https://t.co/eNSgjMhAoc

German banks backed payment service Paydirekt wants to expand in Europe, even though the penetration in the German home market is quite low. Obviously they understood that payments are a numbers game. Lets see if it is going to get traction in Germany and worry about everything else later  https://t.co/ap4aNlCqCd https://t.co/fodEwD6kg3

Rocket Internet, the news podcast is never complete without them. Last month brought more bad news for them:

Dropbox is here, we mean in Germany. They opened the first office in Hamburg last month https://t.co/Rkd5mX77O1

The Munich based media group ProSiebenSat.1, which is a very active investor in German and international Startups now completely takes over the digital fashion market place Stylight, at a valuation of 80 million euros. ProSiebenSat.1 was an investor in the company since December 2012 https://t.co/V1VhF8rW2G

We found a good wrap up of the Google I/O 2016, by The Verge, boiling down the event to just 10 minutes as a Youtube video https://t.co/wXEkE1vd4A

Berin based online magazine http://www.the-hundert.com/ put together a list of the top 100 female founders in Europe. You can download their issues on their website as a PDF.

Startup Competitions and Innovation Challenges:

Fraport, the Frankfurt based Airport Operator http://ow.ly/ZmR6300zfU7

The public German Health Insurer AOK https://t.co/rBm0foeMMA

The CODE_n16 startup competition https://t.co/9kT9zZDCdH

Knowhow for those with vision

VCs calculate valuations different from entrepreneurs. Lear here how https://t.co/UlzNIZqbRx

German overview of insurtech startups https://t.co/wbQlsq1tjg

Some would agree: Blockchain is over-hyped, but it can stil be part of the solution https://t.co/BtNEdJhAZg

Stanford Social Innovation Review proposes a new digital currency for sustainable development https://t.co/wWfhh9maUn

Bill Gates appears to think that the fintech startup bKash will revolutionize banking for the poor https://t.co/cKLUOv5qEJ

We all know bootstrapping is sexy, here are 5 startups who made it big, the sexy way https://t.co/CtZXlNoxEm

A cool article giving you an inside perspective on #Palantir, likely Silicon Valley’s most secretive company https://t.co/xjpGEyHfD6

Pratical knowledge on how you should calculate customer lifetime value? https://t.co/v86HyqqD1v

We all knew it kinda before, but now it is official: Fundraising is a numbers game https://t.co/jEpTFllc4f

TED’s secret to great public speaking, of course includes also great public pitiching https://t.co/nNzIFQ8cPW

Fintech and the Evolving Landscape – Here we get a few points for a potential industry structure https://t.co/zqSFNBpn36

Just be very careful about startup metrics, since a misunderstanding of them could cost you your job https://t.co/sGzIMoXfqT

Keep one thing always in mind, for delegation to work, it has to come with coaching https://t.co/Q6sYqmAsJo