Startup News March 2018

/Startup News March 2018

Startup News March 2018

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House Keeping

We are nominated for the Benzinga Global Fintech Awards. Please take a minute and vote for us on this website. Every share on Twitter or Facebook from the website is considered a vote!


We have been to Aufschwung Messe here in lovely Frankfurt ( See our video interviews here on our YouTube channel:


We will also publish another interesting interview with as a video interview. This is the story of a 125-year-old company, which transforms itself into a leading online platform. Stay tuned on

The next news may be a bit late – Joern is traveling. Aaaand we will be in New York! 🙂 At the Benzinga awards.



German food retailers fight Amazon, Go Fresh and the other online competitors with high-end stores ….[Finanzen-Analysen]-20180321&utm_source=FAZnewsletter&utm_medium=email&utm_campaign=Newsletter_FAZ_Finanzen-Analysen


eFood is booming in #Berlin the delivery services of #REWE and #Edeka – two of the largest grocery chains in Germany – barely can keep up writes @gruenderszene  #efood #delivery





Frankfurt-based #fintech Giroxx raises 900.000 Euro venture capital writes The company offers transfers in foreign currencies.

Frankfurt-based startup Acomodeo, a marketplace for serviced apartments, raises “mid seven-digit” venture capital reports Rhein-Main Startups

Meet the Frankfurt-based fintech FastBill, which sees opportunities in the US market and may look for another venture capital round. Learn more here via RMStartups

You may remember that we also talked to savdroid about their ICO? They are under scrutiny for their ICO since one of their advisors was blogging in favor of the ICO but did not disclose the connection. None the less the ICO raised somewhere between 35 and 40mn Euros

IPOs Stock Exchange Deals:

IPO candidate Home24 grows to 276 mn Euro revenue in 2017 but generates losses of 22 mn Euro

Home24, the Rocket Internet-backed furniture platform, is working towards its IPO in Frankfurt. The volume could be up to 600 mn Euros (~ 740 mn US$) and should take place in the next three months writes

Frankfurt-listed (diapers) has been a frequent topic in our startup news. Now calculates that they have not been a good investment. 10.000 Euros invested at the IPO would now only be worth 1.306 Euros. This is -87%

RocketInternet sold shares in Delivery Hero worth almost 200 mn Euros



The top news is surely the big VC rounds:


Even more VC money is coming in this month. Just some hints here (there are not all):

  • Berlin-based software company Signavio 15.5 mn
  • Neighbourhood network secures €16 million for the European expansion
  • Geld-fü raises 25 mn € as venture capital. The investors include German billionaire Carsten Maschmeyer and a Swiss-based private equity fund writes Deutsche Startups
  • BBVA, ABN Amro, and Visa invest in Berlin-based fintech Solarisbank writes exclusively  venture capital


Established companies are again active in the startup scene:

  • Sennheiser invests in Düsseldorf-based VR startup Dear Reality-
  • German sweets manufacturer Katjes indirectly buys shares in Sarah Michelle Gellar’s food startup Foodstirs | NGIN Food
  • Sigma Sports Group – Already owning brick and mortar retailer Karstadt Sports – now also buys Stylefile a shop for sneakers, including outdoor and camping subsidiary Big Tree writes




AI in e-commerce and retail:

  • Zalando – RocketInternet’s online fashion store – axes 250 jobs in marketing. The job will now be taken over by algorithms writes Gruenderszene . Now they are looking for more developers
  • The AI system has proved so reliable—it predicts with 90% accuracy what will be sold within 30 days—that Otto allows it automatically to purchase around 200,000 items a month


Rocket Internet again:

Innolend – financed by Rocket Internet – the fintech for financing SMEs is in liquidation. The phone number on the website is already dead writes

Amazon first wanted to build a new center in cologne and create 950 new jobs – now they withdrew an application for the building permit. It seems the city wants to give the area rather to a city-owned company

A tale from the Berlin startup world – Move24 raised 40 Euro venture capital and had to file for insolvency – Movinga, its sworn competitor, raised 22 mn Euros and is doing well by its own statements

Berlin-based gaming company Wooga keeps axing jobs. This time 30 of the 220 employees have to leave. In summer 2016 they still had 300 employees writes


End the news on a high note! Rescued!

  1. Panano – the crowdfunded 360 degree camera – emerged again after insolvency. The swiss based private equity fund Bryanston bought them and now they are starting again, targeting real estate agents
  2. Monoqi can withdraw the insolvency filing. Former investors keep investing reports –
  3. A company running Autobahn service areas buys insolvent travel optimizing startup fromAtobB –


Events / Competitions

We are a media partner of May 25th in Berlin. Get your ticket now on your way to hunt for a startup job.

We will also be a media partner of the Arctic15, the startup event of arctic startups in Helsinki on May 30th to 31st for artic and Baltic startups “Real Return on Investment – Arctic15”


Stay Ahead Of The Curve

ICOs delivered at least 3.5x more capital to blockchain startups than VC since 2017 – TechCrunch

The ROI Of Cash Burn For SaaS Startups

A new dawn for European VC

An amazing article on how Amazon works and how they are “amazoning” industries


By |2019-01-10T16:44:52+00:00March 31st, 2018|News|0 Comments

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