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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TU-Automotive & Project Kairos October 30th and 31st

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
Interview Penta, also noted in “How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World” by CB Insights including n26 and Penta
Our interview with Lav, CEO, and Co-Founder of Penta

Schuhe24 (an online platform for brick and mortar retailers to sell shoes), based in Rhine-Main wins Germany wide “KfW Gründen 2018” award congratulations
You can learn more in their interview:


German #VentureCapital investors prefer to invest in companies abroad new study shows

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.
#crypto #FinancialServices



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


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

DocMorris parent “Zur Rose” buys Ludwigshafen (close to Frankfurt) based Medpex for 170 m Euros. Medpex is Germany’s 3rd largest mail-order pharmacy- published the first numbers:
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 –

Acomodeo, Frankfurt-based startup for serviced apartments, is accepted for the German Accelerator program and is testing the waters in the USA – Station


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
Deutsche Bank is already a shareholder and interviewed them in the past:  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.

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

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



Amazon backs German smart heating and AC company Tado in new $50M funding round | TechCrunch

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



Cologne-based #elearning startup Amboss (formerly known as maimed) wants to raise 20 mn Euros with 60-80 mn pre-money valuation reports exclusively. The startup helps medicine students to prepare for exams



Amazon “4 Star Shop”?

Beyond #AmazonGo: The Technologies And Players Shaping Cashier-Less Retail – CB Insights Research 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 $AMZN $BABA #ecommerce #usa #europe #asia #naspers #ebay #mercandolibre



Berlin-based travel platform GoEuro raises 150 m Euros #VentureCapital| NGIN Mobility

German telecommunications giant Deutsche Telekom opens one of it’s #VentureCapital funds to third party investors reports Handelsblatt

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.



#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

#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. #berlin


#All Other News

Movinga founders start #insurtech, where you pay for your car insurance according to what you drive | NGIN Mobility 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

This is quite a unique business model: Two founders in Germany generate millions in revenue for equipment for growing #quails –

In September he had to step down as CEO, now 8fit founder Pablo Villalba leaves the company after accusations of sexual harassment | Gründerszene
8Fit Founder Loses Board Seat After Sexual Harassment, Financial Misconduct Claims

Societe Generale – opens Global Markets Incubator for #fintech #startups, working on capital markets

kfzteile24 (autoparts24) grows to 165,6 € mn revenue – Profit: 16,9 mn € – (traffic law advise) is a #legaltech, but the interesting thing is … it is founded by a traffic lawyer who is 85 years old –

Digital bank N26: German Bank supervisor BAFin orders audit, since several people could open accounts with obvious fake ID cards

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 #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

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

Berlin-based smart-home security startup Smartfrog takes over a majority stake in New York-based competitor Canary 

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.


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

InsurTech 100 – The world’s most innovative #InsurTech companies that every leader in the insurance industry needs to know about

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”