This is Chris and Joe from Startuprad.io bringing you the April 2019 startup news for Germany.

 

 

We announce all our live streams on Meetup. Join our meetup group there, it is for free and you won’t miss a stream https://www.meetup.com/Startup-Couch-TV-Talks/

 

Startuprad.io brings you in a Frankfurt-to-New-York-Live-Hangout the startup news Germany. Have a look down here, you will find a link to our blog post with all the links and our text.

 

Scheduling Message – Summer Break

My background is quite messy, since I will be moving house next week. Therefore Chris and I decided to do this year’s summer break in July and August. We will have one more news wrap-up end of June and than again after the summer. So Startuprad.io’s summer break will be July and August.

 

Sponsoring Message

 

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Ecosystem

 

In Germany, not even 1% of groceries are bought online, so Rewe – one of Germany’s largest grocery store chains – don’t feel threatened by online stores. They have their own store and argue 90% of the startup competitors already disappeared https://buff.ly/2YQq7xc  

Related:
AmazonFresh wants to extend the reach of groceries delivery in Germany, says CEO Ralf Kleber https://buff.ly/2uFJUS6

Related:

Chris talks about the failure of Walmart in Germany: https://www.huffpost.com/entry/why-did-walmart-leave-ger_b_940542

 

A number of banks and investors that have financed WeWork-leased buildings are cautious about doing more business with them writes Bloomberg

WeWork Lenders Are Getting Cold Feet – Bloomberg https://buff.ly/2uHD1Qh?utm_source=twitter

 

Money-losing companies that went public in 2018 did better than profitable ones https://buff.ly/2HANWUe?utm_source=-custom-by-source-0-

Housekeeping

We made it in the Top 100, Top 200, Top 400 and Top 1.000 iTunes Podcast Charts

As usual, there is a lot going on on our YouTube channel https://www.youtube.com/startupradio. We are now posted interviews form LendIT in London.

  • Learn how the Lehman insolvency brought Yoram to found a data startup in Berlin https://buff.ly/2UUa0QT – This is an interview with Yoram, founder of Dealroom.co, where he not only tells about his startup career but also how it felt to be inside of Lehman Brothers, when they broke down.
  • Podcast (audio only) – CashLink wants to digitize Venture Capital https://buff.ly/2GrwXAw – Interview with Michael talking about his Frankfurt-based startup CashLink, which pivoted from transferring cash to digitizing Venture Capital. He is also a co-host of continental Europe’s largest Fintech Meetup (FinTech in and around Frankfurt)
  • PANALIS Solutions identifies upcoming legal and regulatory topics early on https://buff.ly/2IEOUiN – Frankfurt Forward’s startup of the month April 2019

 

Our Media Partnership with Frankfurt Forward brings us straight to our Hubs section

 

Hubs

#Frankfurt

After HVB Bank failed, now Commerzbank tries to build a contract management app for it’s clients called „Ernest App“ https://buff.ly/2IouhpV

 

Startup financing on Blockchain: Frankfurt-based #fintechs Agora Innovation and CASHLINK solve the problem of the secondary market – Gründerküche https://buff.ly/2YMvzRv

Related: Our podcast interview with Michael, CEO, and co-founder of CASHLINK https://buff.ly/2USt3Lj

 

Frankfurt-based Silicon Valley Bank hands out 6,5 mn Euro #credit to #cloud based corporate payments platform TIS, based in Walldorf https://buff.ly/2Uocp0V?utm_source=-custom-by-source-0-

 

Singularity University arrives in Frankfurt – FrankfurtValley – Medium https://buff.ly/2ZxSlgw

 

Founder Institute Officially Launches Pre-Seed Startup Accelerator in Frankfurt, its 5th City in Germany https://buff.ly/2ZvFRFX

 

#Mannheim

Mannheim-based Coinlend sells Software as a Service solution for margin funding for #cryptocurrency. Now @HTGF invests an undisclosed amount #VentureCapital https://buff.ly/2I60zWD  

 

#Munich

Thermondo is the Munich based competitor of Google’s Nest. They had to publish some numbers. Out of the spares information, one can conclude: #VentureCapital raised 51m Euros, of which 20m have been spent, revenue 2017 ~28 m Euros https://buff.ly/2U3bkeU?utm_source=-custom-by-source-1-

 

#Hamburg

Hamburg-based gourmet food delivery startup Foodist is bought by Metacrew | @EU_Startups https://buff.ly/2UrVTSg

 

Hamburg-based fintech Trustbills files for bankruptcy, investors include two large banks in Germany (Deutsche Bank, DZ Bank) https://buff.ly/2IERfKB

Obituary

Online Copy Shop PlusPeter’s founder Karl Bagusat was hit by a car on March 21st in #Berlin and just 26 years old – passed away from the injuries. What a sad thing to happen to such a young entrepreneur 😰 https://buff.ly/2uEPwMj

 

Companies

 

#N26

Handelsblatt writes that N26 had a special audit by BaFin (German finance watchdog) and found problems with staffing, management of outsourced services and technology. Some banks also see more N26 accounts used in fraud  https://buff.ly/2uTqdGn?utm_source=-custom-by-source-0-

Related

Customer service of N26 has deteriorated – examples collected by Gründerszene found. All got started with an entrepreneur who had stolen 80.000 Euros, could not pay salaries and was locked out of his own account https://buff.ly/2OAArV2

Related

N26 client gets 80.000 Euro stolen and the only way to communicate is via chat. Customer service is unable to help. He can not pay his employees or his suppliers. No one is there to talk to him since N26 stopped the phone support https://buff.ly/2uyrh2l

Related

N26 is second banking ‘unicorn’ to face regulator’s questions https://buff.ly/2UK2Nlt?utm_source=-custom-by-source-0-

Related

Another topic at N26:

Data Storage: #N26 got in more potential trouble with the data protection officer of the state of Berlin, since they kept a Blacklist of former customers, potentially violating GDPR

https://buff.ly/2UMou4q?utm_source=-custom-by-source-0-

 

#RocketInternetCorner

 

#Wirecards

SoftBank to invest $1B into German digital payments provider Wirecard in new fintech partnership – TechCrunch https://buff.ly/2UGcRHP

 

#Moia

Verdict: VW subsidiary Moia needs to reduce its fleet in Hamburg significantly to 200. The company will object https://buff.ly/2IHkPPE

 

Berlin-based startup Bullet wanted to digitize the mail of SMEs and startups. Now they give up since the digitalization of mail processes is no high priority for their potential clients https://buff.ly/2YOaKoQ

 

Growth at #Berlin-based unicorn Auto1 slows, reaching 2,9 bn Euros- deutsche-startups https://buff.ly/2FT0m6F

 

Meet the German #Superangel Stephan Schubert, he founded German financial information website and bank OnVista, but he also invested in 20 Startups writes deutsche-startups https://buff.ly/2CHbhzn?utm_source=-custom-by-source-1-

His investments include

ampido
B2XCareSolution
hypcloudHQ
JustWatchcom
looplinesys
Movinga
and more…

 

Lesara had to file for insolvency and is shut down. Now the founder Roman Kirsch is back with an #eScooter startup – with discount pricing https://buff.ly/2uEk1SI  

 

#M&A – Venture Capital – Corporate Venture Capital (CVC)

  • German fintech company builder Finleap acquires SME banking provider Penta https://buff.ly/2HPYnDD
  • German listed competitor of LinkedIn, called Xing (market cap 1,73 bn Euros) buys IT focused job platform Honeypot for 57 mn Euros reports deutsche-startups https://buff.ly/2U750I2
  • Laterpay raises 6 more million #VentureCapital, now they raised a total of 27 mn € to enable monetisation of #blog, #media or #Newspaper content with small payments. The users only pay, when a certain threshold has accumulated. https://buff.ly/2uBXsxM
  • Hevella Capital and IBB Beteiligungsgesellschaft invest in heycater! – an undisclosed “seven digit” amount #VentureCapital https://buff.ly/2uHwN2L
  • #VentureCapital investors Accel, Holtzbrinck, Scania and Project A invest in “eight digits” series B round of #Berlin-based logtech #startup Sennder https://buff.ly/2OYni8w
  • German company builder Next Big Thing @nbt_ag raises €12 million #VentureCapital from @talanx_en – by @adegeler on @tech_eu https://buff.ly/2GbvDTF
  • Berlin-based Rasa raises $13M led by Accel for its developer-friendly open source approach to chatbots https://buff.ly/2UNRqc3
  • #Berlin-based startup Statice that offers software for automated data anonymisation has raised a “substantial seven-figure financing” round led by @Capnamic Ventures, with participation from @WestTechVC.” https://buff.ly/2KIhi5h  #VentureCapital @tech_eu
  • Daimler invests 100 mn US$ venture capital in battery startup Sila Nanotechnologies and leads 170 m US$ founding round – achieving #unicorn status for Sila https://buff.ly/2Gsa6WX?utm_source=-custom-by-source-1-
  • #Berlin-based startup @SkooveNews raises €3M in new investment round | High-Tech Gründerfonds https://buff.ly/2GwIvTt?utm_source=-custom-by-source-1-
  • Cologne-based blockchain startup Ubirch raises funding for its #IoT #cybersecurity solution | @EU_Startups by @mary_loritz https://buff.ly/2GHdBsN

 

 

Stay ahead of the curve

Why Aren’t Fintech Companies Going Public? – CB Insights Research https://www.cbinsights.com/research/fintech-startups-unicorns-ipo-2018/

More S1 Fun – with the S1 form of #Pinterest – AVC https://buff.ly/2UdPiu1

International Kingmaker: How SoftBank Invests Around The World – CB Insights Research https://buff.ly/2uD2dHg

Most startups seek monopolies to make the highest possible profit, but this is not the way to go

Market Concentration Is Threatening the U.S. Economy https://buff.ly/2HDm8h7

Spain outperforms Europe by gender diversity in tech startups – Blog | Dealroom https://buff.ly/2U8QsHY