Startup News Germany Wrap-up – October

EcoSystem

Deutscher Startup Monitor! Insights into Germany′s startup scene | Founders Valley | DW | 18.10.2017 http://ow.ly/OoVS30g7ucl

• 1.837 Startups
• 4.000+ founders
• For the third year in a row the number of female founders increased to 14.6%
• TU Munich most important university
• Half of the startups feel to be belonging to a regional cluster, for know-how transfer, cooperations, and visibility
• 9 out of 10 founders see their business situation as improving
• ⅓ of the startups employ EU citizens
• The startups in DSM have 13.2 employees on average and plan to grow by 7.5 more
• 7,6% of the founders relocate to Hessen with their company.
• Fintechs only make up 4,6% of the startups. Largest share are software companies with 19,4%, followed by SaaS with 12,0 %

European Banks Will Have to Share Data With Their Rivals, including FinTechs, writes Bloomberg, which is due to PSD2 (the EU’s 2nd payment service directive) http://ow.ly/dswb30g3Xfn

 

Hubs

Frankfurt

Deutsche Bank buys 25% for approx. 1 mn Euros of this #Frankfurt based Fintech, founded by twins | Gründerszene http://ow.ly/NvW030g8PVj //

With us, you have been ahead of the curve. We published an interview with Dwins already in December 2016  https://www.startuprad.io//interviews/dwins-db-hackathon-winner/

 

HelloFresh Aims for $1.8 Billion IPO Valuation in Frankfurt IPO https://buff.ly/2gBcErE, the first day of trading will be November 2nd

https://www.reuters.com/article/us-hellofresh-ipo/meal-box-firm-hellofresh-sets-price-range-for-nov-2-ipo-idUSKBN1CR0Q4

 

Stuttgart – Cybervalley

Amazon will open AI center in Germany, in the so-called Cyber Valley, close to Stuttgart. You may remember we talked about the area. It is the world’s largest Automotive and machine building cluster http://ow.ly/pIxJ30g7t8a

Little quiz: What family names do you know from this area … Schwaben? How about Bosch, Daimler or Porsche?  

 

Companies

Follow-up on earlier news wrap-ups:

Karl-Theodor zu Guttenberg the former secretary of defense talks about his VC company Spitzberg Partners and the offices one cannot find | Gründerszene http://ow.ly/n4nW30fJzns

 

Tesla gets tougher competition: Daimler Steals Tesla’s Thunder With Heavy-Duty Electric Truck – Bloomberg Quint ow.ly/z0H430g7sFx

 

Berlin-based startup behind the math learning app Math42 just got acquired for €20 million | EU-Startups ow.ly/g9Ho30g2amj

 

21 mn Euros VC money for German open source company Open-Xchange buff.ly/2ylMEHl pic.twitter.com/BN4HoHq1F7

 

Just in before the news: Deloitte buys Berlin-based company builder Makers | Gründerszene http://ow.ly/jM0m30g8Q8R

 

And Spotcap raised money again. Deutsche-Startups looked back at it and found that already 100 mn have been invested in this Berlin-based startup http://ow.ly/djYO30fLuiw

 

Rocket Internet Corner

Rocket Internet-backed Global Savings Group secures €19.2 million to grow beyond couponing | EU-Startups  $RKET ow.ly/dmwm30g2amB

 

Competitions and events

 

Upcoming is the Euro Finance Tech 2017 on November 16th. Reach out, we get a discount for listeners on the ticket price! http://www.eurofinancetech.com/blog/en/tickets-eft-iv/

 

The Merck Accelerator program for startups in the healthcare, biology, chemistry and related sectors (including agriculture), will accept applications till November 13th 2017 https://accelerator.merckgroup.com/  

 

Stay ahead of the curve

 

56 Deals with several million – more than 200 million Euros tracked by deutsche-startups.de http://ow.ly/gUSg30fLuiO

 

AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession https://www.cbinsights.com/research/jobs-automation-artificial-intelligence-risk/

#Unicorns Abroad: The Creation Of Billion-Dollar Startups Is Shifting Out Of The US http://ow.ly/9S9x30fLvgH