Startuprad.io brings you in a Frankfurt-to-New-York recording the startup news Germany for October 2019. We wrap-up the news of the German-speaking startup scene (Germany, Switzerland, Austria, and Liechtenstein) of October in our recording. 

You can find the hosts here and talk to them directly:

Joe Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)

Have a look down here, you will find a link to our blog post with all the links and our text. 

 

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Housekeeping – Time to brag 

We are in the process of setting up sub-podcast for special interest.

Now there is

There will be more!

Deeptech Germany

‎„Deep Tech Germany – By Startuprad.io on Apple Podcasts https://buff.ly/33eKyFu

Blockchain Germany

‎„Blockchain Germany – By Startuprad.io“ on Apple Podcasts https://buff.ly/34eWw2a

Techstartups Germany

 

They are all intended to our audience, which wants to keep up only on certain topics.

Ecosystem

Europe — stop apologising and start connecting startup cities | Sifted, backed by the Financial Times https://buff.ly/2OlyvSb . There we found an opinion piece, making the point that there are now

Tech is a huge growth engine for Europe.
The average venture-funded €10m+European startup has grown by 25% since 2013 in contrast to the European economy’s growth of 1.74% in the same period of time.
The number of professional developers across the continent is also growing; at 5.7 million and rising it outweighs the US, which has around 4.4 million and remains static year on year.
The ecosystem is set to expand even further. Over the next 12 months, cities with active tech communities, like Warsaw and Vienna are expected to join established tech hubs such as London, Berlin and Barcelona in the number of high quality ventures they’re birthing.
If Europe wants to stay ahead in today’s world it must embrace the tech world.

 

TOP 50: EU-Startups came up for Ada Lovelace day with a list of Europe’s most influential women in the startup and venture capital space – more than a dozen come from GSA – Germany, Switzerland, Austria. You can see the full list on EU-Startups (and in the shownotes), just two we’d like mention are Lea-Sophie Cramer and Marie Pennanen. | EU-Startups https://buff.ly/2Mv8k9s 

Including

 

  • Alisée de Tonnac is a Swiss entrepreneur who co-founded Seedstars World, a global startup competition covering 65+ emerging and developing markets. Alisée now serves as Seedstar World’s CEO.
  • Brigitte Baumann is the founder of Go Beyond Early Stage Investing and Co-founder of the Rising Tide Europe movement. In 2015 EBAN named her European Investor of the Year. Born in France, Brigitte today lives in Zurich.
  • Corinne Vigreux is a Dutch entrepreneur and co-founded TomTom. As a leader of one of the few consumer electronic companies from Europe to become a global brand in the recent history, she is a champion of European innovation.
  • Delia Fischer is a Munich-based entrepreneur who co-founded Westwing, a leading online platform for interior design products. Westwing raised more than $200 million in funding, did an IPO, and Delia serves as Managing Director.
  • Dörte Höppner is the former CEO of Invest Europe and represented Europe’s private equity & venture capital sector. Today, she’s the COO of the Riverside Europe Fund, which invests in growing businesses valued at up to $400 million.
  • Ida Tin is the co-founder and CEO of Clue, the world’s fastest growing female health app. Berlin-based Clue helps you understand your cycle so you can discover how to live a full and healthy life.
  • Julia Bösch is the founder and CEO of Outfittery. The Berlin-based company, one of Europe’s leading e-commerce startups which aims to revolutionize the shopping experience for men.
  • Laura Kohler previously served as CEO of European Innovation Hub, which aims to grow tech startups in Europe and beyond. Today she is leading the Berlin-based consulting firm Sharkbite Innovation.
  • Lea-Sophie Cramer is the founder and Managing Director of Berlin-based Amorelie – a fashionable online-shop for your love life. Before Amorelie, Lea-Sophie served as VP International at Rocket Internet and Groupon. ⇒ More about here later in the news
  • Madeleine Gummer v. Mohl is the co-founder and CEO of Betahaus, a coworking space with offices in spaces in Berlin, Hamburg, Sofia and Barcelona. Madeleine is also the co-founder of the accelerator Hardware.co.
  • Marie Helene Ametsreiter is a Partner at the Vienna-based VC firm Speedinvest. She’s also part of the TV show “2 Minuten 2 Millionen“, the Austrian version of Shark Tank.
  • Maria Pennanen is the CEO of the crypto/blockchain startup Santiment and Co-founder of Accelerator Frankfurt. With over 20 years of entrepreneurship experience, Maria already has advised over a hundred startups.
  • Tanja Kufner today is the Partner & Head of dynamics.vc. Before that, she served as Managing Director of Startupbootcamp Berlin, and of Rainmaking Innovation. Prior to this, Tanja was Country Manager Germany for Wayra.

 

Forget Silicon Valley. Europe Will Soon be Home to the Best Startups https://buff.ly/2p1tDHo This comes from Entrepreneur Europe, though. So take it with a grain of salt, but here it goes.

…That’s not to say that innovation hasn’t occurred outside American borders during this era. Spotify, Skype, Adyen Graphcore, Monzo and Deliveroo all sprung up and scaled in Europe. However, these global success stories have done little to change the consensus that America is the birthplace of the best tech. It’s state-side companies who still hog the limelight, set the PR agenda and dominate our consciousness. For many, it’s hard to see beyond the stars with U.S. stripes.

Yet we should be very wary of letting the Silicon Valley mythology continue to cloud our perspective, as it’s a world view which is becoming rapidly outdated. While there’s no denying America continues to play a huge role in developing the tools of the future, other geographies are giving our American cousins a run for their money when it comes to building radical new technologies. In Europe, where VC money is increasingly flowing and both unicorns and IPOs are becoming less mythical, the continent is on track to take the crown across a range of market segments. 

Alongside a booming market for continental FinTech and FashionTech ventures, GovTech is another prime example of where Europe is set to reign supreme. From contactless donation devices for homelessness initiatives, messaging apps for doctors, or data protection bots, GovTech focuses on helping public services work better. And it’s one of the most rapidly growing sectors in technology. Currently valued at $400 billion dollars globally and set to be worth £20 billion in 2025 in the UK alone, it’s already 25 times the size of the LawTech sector.

 

Ten things Europe’s VC managers are talking about via European Investment Fund https://buff.ly/2LCEwZ6 

By EIF – The European Investment Fund (EIF), established in 1994, is a European Union agency for the provision of finance to SMEs (small and medium-sized enterprises), headquartered in Luxembourg.

  • Three-quarters of VC managers are targeting AI and machine learning
  • Germany is growing in popularity

You can find the rest on medium.com

 

As #neobank #valuations bubble up, some investors think there’s an even better bet in #fintech https://buff.ly/33MPBgB

“…Based on current valuations and recent funding rounds, it is clear that there are still plenty of smart people who see immense promise for neobanks in the West. Eighteen of Europe’s biggest fintechs are now valued at more than $1 billion, according to Richard Diffenthal, a partner at Hogan Lovells. Investors are lining up to give them even more money.

Eugene Danilkis, founder of Mambu, takes a more nuanced view. The company makes “core engine” software for banking, and it’s used by digital upstarts like OakNorth and N26 as well as traditional institutions. The company’s software sits in the background and provides servicing for accounts—things like calculating interest—while clients still build their own apps and develop their own credit models and analytics. …”

Hubs

#Frankfurt / Rhine-Main

IPOs, Yes, PLURAL!

TeamViewer shares open flat after Europe’s biggest IPO of the year – Reuters https://buff.ly/345DqLR As of recording the news, the share price decreased slightly from above 25 EUR at IPO to slightly below 23 EUR.

#Frankfurt-based Thinksurance raises 13 m Euros from 8Roads Ventures for their commercial insurance platform https://buff.ly/2MEvCeh Thinksurance offers a platform to search, compare and conclude the right insurance for businesses. They have formerly been know as Gewerbeversicherung24

After many bad news, exit of the CEO and co-founder, controversial Sebastian Diemer, and HeartbeatLabs (one of the investors) carving out the research from the company, the remaining bits of Farmako are now sold to canada-based AgraFlora. https://www.globenewswire.com/news-release/2019/10/25/1935887/0/en/AgraFlora-Organics-Acquires-German-EU-GDP-Medical-Cannabis-Distributor-Farmako-GmbH-Vertically-Integrating-Into-the-EU-Marketplace.html

Ten German fintech clusters you should know about https://buff.ly/31I6Eie
including #Frankfurt-based @commerzventures @FinciteVentures and @fino_digital, based in Kassel and Frankfurt

 

#Karlsruhe

HQS Quantum Simulations offers a software, which shortens the development of new materials, e.g. in the chemical industry, raised 2,3 mn € #seed financing. Investors include High-Tech Gründerfonds, Unternehmertum Venture Capital Partners and btov Partners

#deeptech #startup #startups #TechNews https://buff.ly/2J7GsHe

 

#Hamburg

#Hamburg, Germany-based Kreditech, the AI-based near-prime loans platform, nabs $22M under new CEO to expand globally https://buff.ly/2lEVxHM

Hint: Sebastian Diemer (from the Frankfurt news above) has been the ousted CEO and co-founder of Kreditech.

 

#Munich

#Munich-based car subscription service Cluno discloses €140M in debt financing – https://buff.ly/2kLBEi1 

TechCrunch writes:

Two asset-backed financing deals totaling €80 million were signed recently, adding to €60 million of debt previously secured — i.e. it’s not all entirely new money.

Separately, the company raised €25 million in equity financing in a Series B round in February led by Valar Ventures, the U.S.-based venture capital firm founded by Peter Thiel. Others that participated are Acton Capital Partners and Atlantic Labs, which both backed Cluno’s Series A round. It brought total equity raised by Cluno  to €32 million.

 

Ecosystem

” #software companies attracting higher multiples than we can figure out. It’s a good time to go public. And we’re still not seeing enough liquidity to begin to clear the #unicorn roster.

It’s concerning!”

As Airbnb Plans 2020 IPO, A Reminder Of How Many Unicorns Still Need An Exit https://buff.ly/2M5ZO0k

 

Top 3 #ecommerce #Germany: €13.92 billion, of which are 2/3rd #Amazon.de

Another surprising fact, out of the Top 10 online stores, 5 are #electronic retailers, only Otto and Zalando are #apparel companies https://buff.ly/2NqXwvX

 

Podcast Ecosystem 

34% of Germans listens to #podcasts regularly https://buff.ly/2nKA6pE

13% listen daily, 25% weekly, 22% monthly.

Average listener is male and earns above average income.

73% listen from home. 46% listen in the evening

#podcasting #PodernFamily #podcast

 

#ScooterWars

Berlin-based Lime’s Loss to Top $300 Million in 2019 https://buff.ly/2p4iEgD 

“Scooter rental operator Lime has touted itself as one of the fastest-growing startups ever, blanketing cities such as Berlin, Paris and Los Angeles with thousands of two-wheeled electric vehicles. But the firm is losing money nearly as quickly as it expands in part because the company’s vehicles tend to break down before they can generate much cash.

Lime’s operating loss is likely to surpass $300 million this year, on more than $420 million of gross revenue, …”

Companies

 

Here are 10 promising German scaleups worth your attention in 2019 by @SiliconCanals 

https://buff.ly/32AyPkp  

 

Study: One startup fair wanted to find out which startup has the happiest employees. Surprisingly: N26 is one of the worst performers, as measured by kunuu https://buff.ly/32zdM1B 

NewYork-based Venture Capital fund Insight Partners invests 130 mn Euros in Munich-based Commercetools https://buff.ly/35UqzxA 

Berlin-based SME Focused Digital Bank Penta Tops 10,000 Business Customers https://buff.ly/2IkoJfD 

Amorelie founder Lea-Sophie Cramer leaves the company Amorelie, with which she achieved a classy image for sex toys. The company was bought 2013 by ProSiebenSat1 for approx. 100 mn Euros https://buff.ly/2Mz69CJ 

See above, she is one of the TOP 50: Europe’s most influential women in the startup and venture capital space

Stay ahead of the curve 

Germany Approves National Policy for Exploring #Blockchain but Limiting #Stablecoins https://buff.ly/2lEEK7S 

Are #Fintech Startups More Ethical Than #Banks? https://buff.ly/2p3W3Rx

Video Of The Week: The #Crypto #Custody Business – AVC https://buff.ly/2pzho5b