Startup News Germany October 2018 – Audio Only

/Startup News Germany October 2018 – Audio Only

Startup News Germany October 2018 – Audio Only

This is again the audio rip from our Google Hangout, covering the German startup news. This time it did not work out as good, as we expected, but we will work on the quality.

This recording is in media cooperation with Gruendermetropole Berlin.

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Media Partnerships

We will be present with our camera:

We are media partner, but can not make it to:
TU-Automotive & Project Kairos October 30th and 31st https://automotive.knect365.com/tu-auto-europe/project-kairos

News related to our housekeeping

Berlin-based fintech Penta raises 7 mn Euros venture capital. The fintech offers its services to German small and medium enterprises https://buff.ly/2EmyyKk
Related:
Interview Penta, also noted in “How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World” by CB Insights https://buff.ly/2RKGJCJ including n26 and Penta
Related:
Our interview with Lav, CEO, and Co-Founder of Penta https://youtu.be/M1ExxaijmfQ

Schuhe24 (an online platform for brick and mortar retailers to sell shoes), based in Rhine-Main wins Germany wide “KfW Gründen 2018” award congratulations  http://ow.ly/cp4U30mnGO2
You can learn more in their Startuprad.io interview: https://youtu.be/OrvrS7L4De4

Ecosystem

German #VentureCapital investors prefer to invest in companies abroad new study shows http://ow.ly/uMuQ30mlPk0

Berlin-based district court rules that #cryptotrading without license is legitimate. It took 5 years and the German finance watchdog BAFin lost. They saw a violation of German banking regulations. https://buff.ly/2CNemjb
#crypto #FinancialServices

 

Hubs

Germany was decentralized for centuries and it still shows. Have a look at the less well known hubs.

Frankfurt

DRONE PIONEER AWARD 2018 goes to Rhein-Main based #startup @Wingcopter for their #drone, which shaves off 5 hours for delivery of drugs or medical samples in Africa across Lake Victoria in Tanzania http://ow.ly/Gyxl30mm564

DocMorris parent “Zur Rose” buys Ludwigshafen (close to Frankfurt) based Medpex for 170 m Euros. Medpex is Germany’s 3rd largest mail-order pharmacy- deutsche-startups.de http://ow.ly/Cxqi30mkTsq

 

RhineMain.vc published the first numbers: https://www.startuprad.io/blog/in-h1-2018-startups-in-rhine-main-raised-more-than-70-million-euros-80-mn-usd/
In H1 2018, Startups in Rhine-Main raised more than 70 million Euros (85+ mn USD)

FinTech founder Sebastian Diemer, known as the co-founder of Kreditech, just founded a new company in Frankfurt, called Farmako. The company will work in drug wholesale, rumored to be Cannabis #EXKLUSIV – deutsche-startups.de http://ow.ly/kqn230mjXv9

Acomodeo, Frankfurt-based startup for serviced apartments, is accepted for the German Accelerator program and is testing the waters in the USA – Station http://ow.ly/RfSZ30mjXPR

 

The twins from #Frankfurt-based fintech Dwins appeared in the German Version of #SharkTank – called Lion’s dent. They presented their app to manage your contracts https://buff.ly/2O1Gg0T
Related:
Deutsche Bank is already a shareholder and Startuprad.io interviewed them in the past:
https://buff.ly/2PaAKWp  German billionaire and business angel Carsten Maschmeyer is a judge at Germany’s version of #SharkTank. Now he invests 1 million Euros,  a record amount for this TV format in #Frankfurt-based fintech Dwins, which pitched there. http://ow.ly/tgmG30m90lp

New KfW investment company plans to invest EUR 2bn in German startups. KfW is a state-owned bank development bank, headquartered in Frankfurt https://buff.ly/2OgPM03

Startup blog Gruenderszene confirms, what is already known. There is a secret boom in #IT #security startups in Germany https://buff.ly/2xQKY7B
Some of the most notable for secure IDs residing in the RhineMain area authada and Helix Orange (Video Interview) https://buff.ly/2Rj3Jsm  #ITSecurity

 

Munich

Amazon backs German smart heating and AC company Tado in new $50M funding round | TechCrunch http://ow.ly/70AZ30mnEVh

Wirecard (just recently kicked Commerzbank out of Dax and joined instead) has it’s own retail banking app Boon, a competitor of N26 | Gründerszene http://ow.ly/Qvjb30mb9u9 #fintech #Germany #Berlin #Munich

 

Cologne

Cologne-based #elearning startup Amboss (formerly known as maimed) wants to raise 20 mn Euros with 60-80 mn pre-money valuation reports deutsche-startups.de exclusively. The startup helps medicine students to prepare for exams  http://ow.ly/wBXe30mhLm0

 

Companies

Amazon “4 Star Shop”? https://www.amazon.com/b?ie=UTF8&node=17988552011

Beyond #AmazonGo: The Technologies And Players Shaping Cashier-Less Retail – CB Insights Research http://ow.ly/4QGE30maGxO Over 150 companies are working on automated, human-free, brick-and-mortar retail, using machine vision, IoT, RFID, and more.

The most visited online marketplaces by country https://buff.ly/2y8tT8s $AMZN $BABA #ecommerce #usa #europe #asia #naspers #ebay #mercandolibre

 

#VentureCapital

Berlin-based travel platform GoEuro raises 150 m Euros #VentureCapital| NGIN Mobility http://ow.ly/CHuG30mlP6s

German telecommunications giant Deutsche Telekom opens one of it’s #VentureCapital funds to third party investors reports Handelsblatt http://ow.ly/QURu30mlP1U

German media giant Axel Springer and seven other investors invest 46 mn US$ #VentureCapital in the Bay Area #startup Zumper, which enables potential tenants to search for apartments. http://ow.ly/5Gai30m4Ss1

 

#RocketInternet

#RocketInternet’s Westwing IPOed on October 9th at a price of 26 €. The first day of trading saw it zigzagging 23-29 Euros. Due to the decrease in price at trading, the amount raised in the IPO may have been lower than the 132 mn Euros targeted IPO  https://www.deutsche-startups.de/2018/10/09/dealmonitor-09-10-2018/

#RocketInternet-backed Helpling buys Switzerland based entity from their competitor Book A Tiger. Both companies off home related services (cleaing, maintenance …). Book A Tiger hires all it’s employees, where Helpling acts like a platform. http://ow.ly/1P2b30mgp6y #berlin

 

#All Other News

Movinga founders start #insurtech, where you pay for your car insurance according to what you drive | NGIN Mobility http://ow.ly/b7KC30mlP8V After half a year of beta they now go live. They are partnering with an establish insurance company

Delinero, an online shop for delicacies is shut down. The owner German publishing house Gruner + Jahr decided. They tried to tie the shop in their online offerings and publications for eating and cooking and it appears, it did not work out http://ow.ly/xQNg30mfpQB

This is quite a unique business model: Two founders in Germany generate millions in revenue for equipment for growing #quails – deutsche-startups.de http://ow.ly/uS1730mfpZv

In September he had to step down as CEO, now 8fit founder Pablo Villalba leaves the company after accusations of sexual harassment | Gründerszene http://ow.ly/u7vy30mkTF6
related:
8Fit Founder Loses Board Seat After Sexual Harassment, Financial Misconduct Claims https://buff.ly/2SammPJ

#Mailbox
Societe Generale – opens Global Markets Incubator for #fintech #startups, working on capital markets https://buff.ly/2NHFJMu

kfzteile24 (autoparts24) grows to 165,6 € mn revenue – Profit: 16,9 mn € – deutsche-startups.de http://ow.ly/7lcq30mkT7R

Verkehrsrechtshelfer.de (traffic law advise) is a #legaltech, but the interesting thing is … it is founded by a traffic lawyer who is 85 years old – deutsche-startups.de http://ow.ly/3TPt30mkTav

Digital bank N26: German Bank supervisor BAFin orders audit, since several people could open accounts with obvious fake ID cards https://buff.ly/2ITwJmS

Galaxus is a new challenger in German electronics online retailing to MediamarktSaturn and Amazon. They now unveiled a distribution center, capable of handling 100 m Euros revenue   – Exciting Commerce http://ow.ly/XDQD30m4Wb6 #ecommerce #onlineshopping #electronics

Now for real – Kontist raised “significant more” than 5 m Euros #VentureCapital. The interesting thing: This was announced the weekend before with a Fake press release … the real amount will not be disclosed. Kontist will press charges against the fakes http://ow.ly/zyR330m4TDC

Tokio Marine Holdings (TMHD) from Japan and French-German ODDO BHF invest 11,5 m US$ #VentureCapital in #Berlin-based #InsurTech simplesurance. Now they have raised 60 m US$ in total. Their most famous product is Schutzklick – a simple product insurance http://ow.ly/TwnB30m4RWh

Berlin-based smart-home security startup Smartfrog takes over a majority stake in New York-based competitor Canary http://ow.ly/dk8l30mgps7 

Berlin-based startup Ohlala helps find escort services. They originally wanted to raise more than 100 mn in ICO. Now they back out of their planned #ICO. http://ow.ly/UDG230mgpCA

 

Knohow for those with vision

” …how the discovery of new ideas lies at the heart of economic growth.”

New ideas about new ideas: Paul Romer, Nobel laureate | VOX, CEPR Policy Portal http://ow.ly/xYhC30mdVyV

InsurTech 100 – The world’s most innovative #InsurTech companies that every leader in the insurance industry needs to know about http://ow.ly/w5qS30mdAJx

Lessons From Jeff Bezos’ Annual Letters To Shareholders
“(he) writes an open letter to Amazon’s shareholders. Over the last two decades, these letters have become an unparalleled source of insight into how the world’s richest man — and his company” http://ow.ly/uK6F30mgzdf

 

By |2018-10-31T18:30:15+00:00October 31st, 2018|News|0 Comments

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