Startup News Germany – May 2017

/Startup News Germany – May 2017

Startup News 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/

Eco System

TWINO and KPMG report shows growth in Europe’s alternative lending http://buff.ly/2rmedcw

  • Top of the list with the highest potential are countries like Hungary, Slovenia, Latvia, Poland, Romania, Greece, and Ireland.

Tech.eu releases European Tech Funding and Exits Report for Q1 2017 http://ow.ly/7Siq30bnVY6

  • European and Israeli startups completed 869 funding rounds in Q1 2017, totaling €4.5 billion.
  • Compared to Q4 2016, there was a 3% drop in the number of deals and a 17.2% increase in investment volume. ⇒ The single deals got bigger

Silicon Valley is no longer #1 for talent says huge global startup report http://ow.ly/4h5i30bs5iC  

  • There was a ranking with the dimensions Performance, funding, market research, talent and startup experience. It appears all of them are only partially based on hard data and more on perception. Anyways, we have a look
  • Silicon Valley is still ranked No 1 overall
  • in Talent Singapore makes No 1
  • London and Berlin make the top 10
  • Paris, and Amsterdam make top 20

 

Germany legalizes self-driving car tests http://buff.ly/2qjeUWy

Here is some background to that

  • It is not so much in the English news, but German car companies are testing for years self-driving cars already in Germany. Till now globally California had a law to permit this on normal streets. Only specially permitted streets, roads and autobahns have been opened for the tests in Germany. This has changed with it.
  • In an audio interview with HR Info (public talk radio in Germany) an expert expressed his opinion that all of the assistance systems, high-end German cars like Audi, Mercedes or BMW have integrated can do the same as the autopilot of Tesla. It is just marked differently.

 

Amazonfresh is about to start in Germany and got the first reactions from brick and mortar retailers writes t3n: Panicking retailers in Germany threaten suppliers with delisting if they cooperate with Amazon Fresh http://ow.ly/DAO430cdDrX

 

London startups lag behind Berlin, Paris & Dublin post-Brexit vote Brexit http://ow.ly/HevN30bxEAo writes a UK based simulation. They cite for example a 13% drop in the number of startups.

 

Hubs

Frankfurt / Rhein Main

German fintech startup Fastbill secures funding to help small businesses with financial management – Tech.eu http://ow.ly/YinB30bnWbz Mario, the CTO of the company is known to some of our listeners from interviews, he is also the man behind startup weekends and the regular founders table in Frankfurt

Shortly after this the company was target of a DDos attack, which was ultimately not successful http://www.handelsblatt.com/impressum/nutzungshinweise/blocker/?callback=%2Fmy%2Ffinanzen%2Fbanken-versicherungen%2Fangriff-auf-start-up-fastbill-wehrt-sich-gegen-hackerattacke%2F19776226.html

 

Frankfurt based Creathor Ventures is investing a deep tech company from Sweden. Adaptive Simulations offers cloud-based, fully automated Simulations. http://www.vc-magazin.de/deals/15-mio-eur-fuer-adaptive-simulations/

Second round of financing: Creditreform  (a large German credit bureau) invested in Mainz-based big data and AI startup DATAlovers http://buff.ly/2qi6I9m

As every year in spring the Frankfurt Entrepreneur Award is handed out.

  • This time a logistics startup Cargosteps, won No1. Cargosteps offers a platform for empty freight room for logistics companies and parcel services.
  • No2 Freiscript offers free of charge scripts (similar to the syllabus in US colleges) to the students by integrating advertisements in them.
  • No 3 made the Wolf-Zentrum, a startup which wants to bring cutting edge education tools and methods to classrooms.
  • http://ow.ly/UBnM30bJ00a

 

Ostwestfalen-Lippe

Even in the remote areas of Germany, there is something going on!

Companies

Follow-up on earlier news wrap-ups, since we promised you to keep you up to date:

  • Remains of former Berlin-based IPO candidate, now insolvent Auctionata are taken over by a brick and mortar auction house. This seems pretty much to be the end of the startup as we knew it http://buff.ly/2ra3NQi
  • Protonet, the provider for private clouds and former crowdfunding start is about to be taken over, out of insolvency protection http://ow.ly/mWl130bXv1v

 

Start of May Amazon Fresh started in Germany (Berlin and Potsdam only)

Former crowdfunding star Panono is filing for insolvency. Originally they intended to offer a 360 degree campera https://www.deutsche-startups.de/2017/05/18/millionenpleite-crowd-star-panono-ist-insolvent/

LIQID the Munich-based Robo Advisor, backed by the Quant Family (who owns a majority of the shares of BMW and other companies) has reached the threshold of more than 100 mn Euro Assets under Management http://buff.ly/2s1yR64

Hamburg-based fintech Kreditech raised €110 million to expand credit in emerging markets, which they hand out there as a credit http://buff.ly/2q5XP25

Berlin-based dating platform eDarling merges with US based and listed Christian Mingle parent http://buff.ly/2pGzPlY

Login problems at Berlin-based fintech N26 http://buff.ly/2pfPbv2

  • It appears N26 is in the process of learning that running a bank is no simple feat. They received a license last year and there have been lately a lot of reported IT problems e.g. one could see the account of another person

Telefónica acquires Berlin-based analytics startup Minodes http://ow.ly/HAGT30bs9sc

Germany’s Duolingo competitor Berlin-based Babbel sets its sights on the US – Babble being called Berlin’s quiet success story. A big difference between Duolingo and Babble is that Babble is a paid service.  http://buff.ly/2pZifIH

Move24 in the news:

  • Berlin-based moving startup Move24 raised $14.3 million http://buff.ly/2ps2xEF
  • Copycat process: Move24 lost a copycat lawsuit against Movinga http://ow.ly/54wB30bXvTv
    • The fight of the companies is going on since summer 2015 and we have reported about it before.
    • First, there was Movago, sued by Movinga to change its name to avoid confusion. Movago lost and as a consequence is now Move24. You can be as sure as we are, this is not a base for a great friendship.  

Government VC High-Tech Gründerfonds: raises 245 mn Euros for a new fund to be invested in high-tech startups in Germany http://buff.ly/2qJjNFr

Rocket Internet Corner

  • Rocket keeps investing in Marly Spoon. This is interesting since Marly is a competitor of its own Hello Fresh http://buff.ly/2pGrgHW
  • Rocket Internet published its Q1 2017 results, which showed it is still making losses, but narrowed these losses on EBITA to 20 mn Euros (from 100 mn formerly) http://ow.ly/lr6c30cbgst
  • Also, some of the startups are not pushing ahead as one wanted: The growth of furniture platform Home24 (+5,2%) and the home/furniture shopping club Westwing (+6,2%) appear to have been below expectations http://ow.ly/FARu30cdyqY, on the other hand, both companies also narrowed their losses. It may be a sign they are about to turn a corner to profitability
  • Gründerszene compiled a list of startups, for which Rocket had to lower its valuation in 2016 http://ow.ly/IukW30bsk5d
    • The portal for apartment search Nestpick, was almost closed after the start. The management had to leave and Rocket had to write down 8,5 mn Euros of Netspick’s share value.
    • Lendico (crowdlending platform) -16.6 mn Euros
    • After merging its credit marketplace for SMEs “Zencap” with UK competitor Funding Circle, rocket had to write down the shares it owns in FC from 24.4 mn Euros to 9.2 mn Euros
    • Taxi hailing app Easytaxi (founded in Rio De Janeiro) took a valuation hit of 17 mn Euros
    • Global Fashion Group (composed of a few Rocket companies in the fashion space) blew the lid by taking a valuation hit of more than 330 mn Euros (370 mn US$, 287 mn GBP, 500 mn CAD$ or Aussie $ )
    • There are even more listed in the article …

Joern’s find

The Surest Sign You’re Winning is When Goliath Takes a Swing at You http://ow.ly/H4vq30bXTAs meaning. If established companies are attacking you straight, you are on the right path.  

Whenever you meet difficult situations dash forward bravely and joyfully.
– Tsunetomo Yamamoto, Hagakure”

 

Competitions and events

Event the German army Bundeswehr is now searching for startups. They are open to cooperation with startups and the initiative was reportedly started by successful entrepreneurs who are officers of the reserve http://ow.ly/xLNf30cbhne

innogy and GTEC are starting the IPRIZE Machine Economy Innovators Award  

  • The IPRIZE is an international competition to find the most visionary ideas of the machine economy
  • IPRIZE, the ‘Machine Economy Innovators Award’, is about the implications and opportunities of the machine economy on society, business, and culture
  • Application period has started and ends July 28 2017
  • The award ceremony will take place on September 28 in Berlin http://gtec.center/wp-content/uploads/2017/05/GTEC_PR_june_2017_innogy_IPRIZE_Start_en.pdf

September 27th and 28th there will the first startup safari taking place in Frankfurt. We are media partners of course. The Safari will visit startups in 4 cities (including Frankfurt and my city of birth Mainz) in the Rhein-Main area http://ow.ly/cCQm30cfVvn

 

Stay ahead of the curve

Move Over Tesla, Europe’s Building Its Own Battery Gigafactories – Bloomberg http://ow.ly/EgzE30bXR4B $TSLA

Five Steps to Embed Cutting-Edge Innovation http://buff.ly/2qA69oD

Innovate Finance Publishes Industry Fintech Sandbox Consultation Report – Crowdfund Insider http://ow.ly/WszD30bRfjh

Infographic Swiss FinTech Overview http://buff.ly/2qGMFPH

bcg.perspectives – How Digital Leaders Are Transforming B2B Marketing http://ow.ly/KKyv30bxD9z

bcg.perspectives – What China Reveals About the Future of Shopping http://ow.ly/cOgV30bxD8N

The Airbnb Story Startup Founder Biography From The Dark To Success – YouTube http://ow.ly/hfts30bReRc

By |2019-01-10T17:46:23+00:00June 3rd, 2017|News|0 Comments

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