Startup News Germany Wrap-up – December 2017

Home/Startup News Germany Wrap-up – December 2017

Startup News Germany Wrap-up – December 2017

Chris and Joe talk about the news for December 2017, focusing on the German startup scene.

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House Keeping

We did a year in the review, the year ahead special, check it out! made it in the UK podcast download charts: Oh, what a surprise, we made it in the UK podcast download charts! Awesome! You guys rock!

Paypal plans to enter retail banking in Germany and UK, together with the Berlin based fintech Raisin reports manager magazin  Meet their partner Raisin here in the exclusive interview from


How Bitcoin Lost Its Way As A Means Of Exchange – Crunchbase News

Competition in the Age of Amazon

Taking On Amazon in Retail: Smart Curation, In-Store #Robots, And Wowing Shoppers

Amazon wants to open brick and mortar stores in #Germany. Kleber, Germany CEO said “it is not a question if, but when” reports manager magazin

Gruenderszene writes Rocket Internet is shiftingitss #strategy. The former startup factory turns itself into a more traditional Private Equity company, investing in established companies




Frankfurt listed fintech Naga completes it’s ICO, raising more than 50 mn US$ reports This is also good for the share price, IPO in Juli 2017 for 2,60 €, now trading at 13 Euros

Frankfurt based energy startup Node Energy raises six digits Venture Capital writes WiWo Gründer. Node.Energy’s software helps to manage micro grids

Frankfurt PropTech Accelerator blackprint Booster takes in #Berlin based proptech Simplifa, which is focusing on elevators

Rocket Internet boss Oliver Samwer wants to enter the business with loans to startups, up to 30 mn per ticket. Therefore they have set up a #London based subsidiary “Global Growth Capital”, without references on their website



Hamburg based gaming startup Goodgame Studios is bought for a whooping 270 mn Euros in shares by swedish Stillfront reports

trivago Düsseldorf-based travel search engine is under pressure. It IPOed in December 2016 at NASDAQ for 11 US$ and is now trading at 7 US$. Now Handelsblatt  writes US investors considering a law suit reports Gruenderszene

Related: The UK’s competition watchdog is investigating whether comparison sites like #Trivago and actually give people the best deals

Startup trains refugees in Gießen to become developers

Online bank Revolut attacks Berlin-based hype fintech N26 with bitcoin trading and premium services writes Gruenderszene

India: Frankfurt-listed Delivery Hero swaps its shares of foodpanda for shares in the local heavy weight OLA reports  

This Secretive German Firm Is Consolidating The US Coffee Industry “JAB serves as the investment vehicle for the Reimann family, the descendants of businessman Johan A. Benckiser who founded industrial chemicals company Benckiser in the 1820s.”

Venture Capitalist Sven Schmidt invested in Maschinensucher, a German competitor of  TradeMachines and Machinio writes NGIN Mobility. Schmidt will help with the scaling of the (since day one) profitable platform 

Exit and back – Berlin-based healthcare startup Vimeda offers blood tests for health screenings. Company was sold 2016 for “eight digits” to US-based Neoteryx, but barely one year later, the founder buys the company back. New company to be named Lykon

Instant Software, a supplier of business management and online solutions for vacation rental companies, raised 20 mn Euros in Venture Capital, from Accel and Target Partners

They position themselves as a competitor for WeWork and Factory. Have a look how Rent24 looks from the inside in Berlin

Berlin-based crowdinvesting pioneer Companisto still not profitable and tripled losses in 2016 reports, after digging through published balance sheets


Further Reading

Building for the Long Term: Lessons from Leonardo da Vinci – Knowledge@Wharton 

Subscription Businesses Are Booming. Here’s How to Value Them  

Frankfurt Refugee integration in Germany: A future made to measure –  

We Analyzed 9 Of The Biggest Direct-to-Consumer Success Stories To Figure Out The Secrets to Their Growth — Here’s What We Learned via @CBinsights

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