Startup News Germany May and June 2019

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/

For logistic reasons, this news recording was done upfront. We will bring you the September News live again. 

Startuprad.io brings you in a Frankfurt-to-New-York-Live-Hangout the startup news Germany. 

Find the hosts here:

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. 

 

Scheduling Message – Summer Break

Hi, Joe here. I came back from the moving break and so we do today two months of startup news compressed. 

We will have our normal summer break after this news podcast, and be back with a summer news-wrap-up end of September. Until then we will publish one interview a week.  

 

Sorry for the interruption, Joern moved house and this lead to some delays:

Sponsoring Message

Startups.observer supports this program. Startups.observer is like online dating for startups and investors. It is by far the easiest and most efficient way to research potential investment candidates or look for potential investors. Learn more here: http://startups.observer/ 

 

Ecosystem

Time to shine – Don’t get your city overlooked. Show off your ecosystem
European Startup Initiative | Survey https://buff.ly/2XEuB96 

German app market sees an all-time high in 2018 according to Bitkom: AppStore and GooglePlay saw 2 bn app downloads in Germany. 3/4th of the revenue is from in-app purchases https://buff.ly/2EXZsWV 

 

‘E-commerce in Germany will grow to €57.8 billion in 2019’, that’s a plus of 9 percent and only includes consumers buying goods, no B2B https://buff.ly/2L3sHNc 

 

Unicorn Hunters: These Investors Have Backed The Most Billion-Dollar Companies https://buff.ly/2LtR7zO  #VentureCapital
Tiger Global Management (42)
Sequoia Capital Ch (35)
Sequoia Capital (33)
Kleiner Perkins (30)
DST Global (29)
Fidelity Investments (28)
Andreessen Horowitz (28)

 

Housekeeping – Time to brag 

We made it in the Top 100, Top 200, Top 400 and Top 1.000 iTunes Podcast Charts. Now 22 countries and counting. Learn more here: www.startuprad.io/about-us 

 

As usual, there is a lot going on on our YouTube channel https://www.youtube.com/startupradio.
We publish one interview a week. For example:

  • Tesla should fear or buy the deep tech startup Sax Power https://buff.ly/2RAnz32
  • CASHLINK is a Tokenization Platform for Venture Capital https://buff.ly/2RCVasX
  • ThinkOwl wants to take over the European Market from ZenDesk https://buff.ly/2xauN4d. This interview is also noteworthy since our interview partner Andreas is heading the AI working group of Bitkom, Germany’s digital association.  

 

 

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

 

Hubs

#Frankfurt / Rhine-Main

Frankfurt is among the “Top 5 emerging fintech hubs” according to World Finance https://buff.ly/2IdIWma

Related

Strong growth in the Frankfurt Rhein-Main Area. There are more than 120 FinTechs calling the area home. https://buff.ly/2WpM3BH 

 

Global Finance: The Innovators 2019: Innovation Centers
Though still relatively new themselves, the world’s top #fintech labs are helping startups, banks and governments devise fresh solutions and uncover untapped opportunities”, says Global Finance. Their shoutout includes Accelerator Frankfurt and Finlab AG Congratulations! https://buff.ly/2ZaIXhB  

 

Wiesbaden-based Fitvia: 70 percent of the shares of the Wiesbaden-based startup was taken over by pharmaceutical manufacturer Dermapharm. Rumored to be valued at 50 mn € https://buff.ly/2F7u1Js 

 

Sebastian Diemer is known as a former fintech founder and now founder of Farmako, a Frankfurt-based medical #cannabis importer. Now the claims of his startups are under fire. Talks of false numbers and lies are reported by several media outlets  https://buff.ly/2EzhiPG

 

Investor sues Frankfurt-based #crypto #savings startup savedroid. The investor wants his initial investments back https://buff.ly/2XqBhas

 

#Würzburg (greater Rhine-Main)

AI-assisted service suppliers search tool ScoutBee raises 10 mn € (12 m US$) #VentureCapital lead investors are Holtzbrinck Ventures and US-based Toba Capital https://buff.ly/2KGQwsp

 

#Hamburg

  • Hamburg-based #startup Cybus stores sensible machine data for industry clients. Now they raise “millions” in #VentureCapital. Investors include @btovPartners’ Industrial Technologies Fund https://buff.ly/2YiLDJw 

 

#Munich

  • Munich-based HolodeckVR raises millions in funding to scale its location-based social VR experiences | EU-Startups https://buff.ly/2EAcZDM
  • Shareholders voted down a proposal to take Scout24 private in a transaction that would have been valued at 5.7bn Euros https://buff.ly/30ydlEm 

#Heidelberg

 

Companies

#VentureCapital

  • Berlin-based GetYourGuide picks up $484M Venture Capital, passes 25M tickets sold through its tourism activity app. That makes them a unicorn, valued higher than $1bn. – TechCrunch https://buff.ly/2W61IoJ 
  • Berlin-based startup Adjust raises $227 million in a bet on mobile ad growth – reports Douglas Busvine at Reuters. This is 2019th 2nd largest venture capital round in Germany led by Eurazeo Growth, Highland Europe, Morgan Stanley AIP, and Sofina htttps://buff.ly/2ZjhWIT
  • Atomico and existing investors like Balderton Capital, Astanor Ventures, Cherry Ventures, and TriplePoint Capital invest 100 mn US$ Venture Capital in Berlin-based startup Infarm. They offer installations for city farming. https://buff.ly/2Xz3ZGw   
  • Berlin-based fintech incubator Finleap is starting its own online comparison portal for financial products, looking for 40 mn Euros Venture Capital at 100 m € valuation reports Gruenderszene exclusively https://buff.ly/2wS0cIr 
  • Goldman Sachs invests in German fintech startup Elinvar, a platform for wealth management https://buff.ly/30yf4te 
  • New York Hedge Fund 683 Capital invests along with existing investors an “eight-digit” amount #VentureCapital in Berlin-based, RocketInternet-backed startup Instafreight, which offers a freight platform to B2B customers https://buff.ly/2ZHEiUP 

 

#CelebrityInvestments 

  • Biathlon sports celebrity Andrea Henkel invests in Berlin-based fitness startup Aeroscan. Their tool is a sensor for breath analysis, determining oxygen and carbon dioxide in your breath, originally developed for ESA for the ISS https://buff.ly/2VWIVMD
  • Former Formula One Ace Nico Rosberg Bets on Berlin E-Scooter Startup Tier Scooters https://buff.ly/2w9ZHZR 

 

We did leave out a lot of financing round announcements and only brought you selected ones here. We don’t think you want to listen to an endless string of numbers here. Follow us on social media to get the funding news when they happen: https://twitter.com/startuprad_io

 

#N26

Fraudsters claimed to invest their victim’s money in binary options and defrauded investors of more than 100 million Euros. Now the prosecutors are also looking at the payment providers, including Wirecard https://buff.ly/2ELAee7

Problems with direct banks: Fraud cases: Volksbank blocks payments to N26 and Co.  | tellerreport.com https://buff.ly/2J4apqT 

 

#RocketInternetCorner

Soul Zen – financed by Rocket Internet’s Global Founders Capital (GFC)  – filed for insolvency due to illiquidity and overextension. The shop was selling #yogamats and spiritual items  https://buff.ly/2EX1UNf

 

The next stage of Rocket Internet via The Economist https://buff.ly/2I5iL16

“Five years after going public, analysts think Europe’s startup factory should take itself private

Rocket Internet is helping about 200 businesses reach for the stars, and has invested a total of €400m ($445m) in them. When the startup incubator unveiled its first-quarter results in Berlin on May 29th, analysts focused not on these firms but on Rocket itself—specifically, the next stage in its trajectory.”

 

Helpling 2017 Numbers:
Loss down to 1,4 mn Euro (3,6 m)
25,6 mn Euros Cash reserves- 20 mn spent so far
https://buff.ly/2EBe1PW

 

#Ecommerce 

Germany’s No2 in #ecommerce, Otto Group, increase online revenues to €7.7 billion https://buff.ly/2Xby66K

Berlin-based curated fashion startups Outfittery and Modomoto join forces to accelerate the European expansion | EU-Startups https://buff.ly/2EU0SkY

 

Stay ahead of the curve

StartupGuide writes on how entrepreneurs connect with Germany’s tech and automobile giants https://buff.ly/2Kq7Gug 

Public Markets Expose the Myth of the Unicorn https://buff.ly/30yZL3o 

How Firms Can Avoid the Mediocrity Trap via INSEAD Knowledge https://buff.ly/2L17Gmt 

How Adam Savage built a real Iron Man suit that flies https://buff.ly/2wZhSSt

“Five of the six most valuable firms in the world are built around these types of platforms. … The problem is that #platforms fail at an alarming rate.” 80% fail
A Study of More Than 250 Platforms Reveals Why Most Fail – HBR https://buff.ly/2KJWwAI?utm_source=-custom-by-source-0- 

Disruption Starts with Unhappy Customers, Not Technology https://buff.ly/31apijK

Five phases of FinTech (2005-2027) – Chris Skinner’s blog https://buff.ly/2Jrb6x2  

Crypto Spring? – AVC https://buff.ly/30kYflr