Table of Contents
Introduction to December 2024 Startup News
Major Funding Rounds and VC News
Top Startup Successes and Challenges
Key Policy Updates Impacting Startups
Notable Trends in Technology and Innovation
Regional Highlights from Germany, Austria, and Switzerland
Closing Thoughts: The Year Ahead for Startups
How to Stay Updated
Introduction to December 2024 Startup News
As 2024 draws to a close, the startup ecosystem continues to buzz with energy, especially in Germany, Austria, and Switzerland. From record-breaking funding rounds to transformative technology trends, this month’s developments reflect the resilience and innovation of the entrepreneurial community. In this edition, we’ll explore the most impactful funding rounds, regional highlights, and key trends that are shaping the future of startups and entrepreneurship. Whether you’re a founder, investor, or startup enthusiast, December’s updates will give you the insights you need to stay ahead.
Major Funding Rounds and VC News
Record-Breaking Funding Rounds
December witnessed an impressive lineup of funding announcements, highlighting the growing confidence in startups despite global economic uncertainties:
Upvest secured €100 million in Germany’s largest fintech funding round of 2024. Backed by industry leaders including Michael Bloomberg, Upvest aims to redefine API-powered investment infrastructure.
Gigs, a telecom-as-a-service platform, raised €73 million to accelerate its growth. Their innovative approach is transforming the way businesses offer branded mobile plans.
Anybotics in Switzerland raised €57.1 million, cementing its position as a leader in autonomous robotics for industrial applications.
VC Fund Announcements
The venture capital scene also saw significant activity:
Alstin Capital raised €175 million for its Alstin III Fund, focusing on scalable tech startups in fintech and healthtech.
Fly Ventures, based in Berlin, announced an €80 million fund to back deep-tech founders.
Silicon Canals reported on a pan-European startup entity introduced by the European Commission, designed to streamline funding and mentorship for scale-ups across the continent.
Top Startup Successes and Challenges
Success Stories
Northvolt continues to advance Europe’s green energy transition with its battery production facility in Schleswig-Holstein, bolstered by €600 million in government loans.
Zalando consolidated its position as Europe’s top fashion e-commerce player by acquiring competitor About You.
Challenges
Lilium, the Munich-based flying taxi startup, faces a class-action lawsuit in the US, compounding its financial struggles.
Wefox, a Berlin insurtech unicorn, secured a survival deal with tough terms, underscoring the difficulties many startups face in balancing valuation and profitability.
Key Policy Updates Impacting Startups
Policy developments are crucial for shaping the startup ecosystem. December’s highlights include:
Robert Habeck, Germany’s Economic Minister, defended government subsidies in green tech, emphasizing their role in economic transformation.
The European Commission’s blueprint for a new startup entity promises regulatory harmonization and enhanced support for scaling startups.
Reforms in Germany aim to simplify financial market access, potentially attracting more investments into the startup scene.
Notable Trends in Technology and Innovation
The technology landscape is evolving rapidly, with startups leading the charge in various sectors:
AI and Robotics
Black Forest Lab, based in Karlsruhe, reached a $1 billion valuation, highlighting the global potential of German AI innovations.
AI adoption is on the rise in Germany, with one in five companies integrating AI solutions to enhance operations.
Green Tech
Focused Energy, a Hessen-based startup, secured €2.5 million to advance laser-based nuclear fusion technology.
A fermentation unit in Hessen is transforming CO2 into biodegradable plastics, setting a new standard for sustainable manufacturing.
Regional Highlights from Germany, Austria, and Switzerland
Germany
Bavarian startups are set to benefit from €750 million in funding for AI, biotech, and energy tech sectors.
Berlin-based Staffbase is exploring an IPO, leveraging strong demand for internal communications software.
Austria
Austrian proptech scaleup Wood_Space raised an 8-figure funding round to expand its sustainable timber construction solutions.
Switzerland
Swiss biotech startup Cimeio signed a $300 million agreement with a Japanese pharma giant, showcasing the strength of Switzerland’s biotech sector.
Closing Thoughts: The Year Ahead for Startups
As we reflect on the achievements and challenges of 2024, it’s clear that the startup ecosystem is entering a transformative phase. With increased funding, groundbreaking innovations, and supportive policies, the future looks promising for entrepreneurs and investors alike. As we step into 2025, staying informed and connected will be more important than ever.
How to Stay Updated
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News
Business in Germany around to Holidays
Expect most companies to work with only a skeleton staff between December 23rd and January 7th, at least. They also will be quite busy with preparing their annual accounts. December 24th most companies will either be completely closed or (like grocery stores) only open until 14:00 max. December 25th and 26th are public holidays across Germany. January 6th is also a public holiday only in Baden Württemberg and Bayern. Most people will start working again around January 7th (so do we).
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Top News
Our Top News This Month!
Unconfirmed: Welt: Black Forest Lab Valued at $1B
Karlsruhe-based Black Forest Lab, a leading German AI startup, has reportedly reached a $1 billion valuation as its technologies gain traction globally. Elon Musk’s interest in leveraging their innovations has added fuel to their meteoric rise. Karlsruhe may soon rival Silicon Valley…well, almost. The report was made by Welt, one of Germany’s largest newspapers and should therefore have been researched thoroughly.Source: https://www.welt.de/wirtschaft/article254681966/Elon-Musk-nutzt-die-Technik-Erfolg-aus-Karlsruhe-Deutsches-KI-Start-up-Black-Forest-Lab-soll-eine-Milliarde-Dollar-wert-sein.html
Northvolt and Germany’s Loan Support
Germany’s economic minister Robert Habeck remains optimistic about Northvolt’s €600 million loan despite production delays. The Swedish battery startup’s massive factory in Schleswig-Holstein is a key bet for Europe’s green energy push. For now, the government is keeping its patience—and its checkbook open.Source: https://www.n-tv.de/wirtschaft/Habeck-schreibt-Northvolt-Millionenkredit-noch-nicht-ab-article25407324.html
Our take: https://substack.com/home/post/p-152979743Related: t-online: Habeck Defends Subsidy PoliciesRobert Habeck has responded to criticism over government subsidies, particularly in the energy sector. The minister emphasized that strategic investments in startups and green tech are critical for Germany’s economic transformation. Habeck’s message? Green investments are worth every cent.Source: https://www.t-online.de/finanzen/aktuelles/id_100544990/habeck-wehrt-sich-gegen-kritik-an-subventionen.html
Deutsche-Startups.de: Upvest: Germany’s Largest Fintech Round of 2024
Upvest raised Germany's largest fintech investment round in 2024, securing €100 million to expand its API-powered investment infrastructure. Supported by heavyweights like Michael Bloomberg, Upvest is set to redefine Europe’s fintech ecosystem. A German unicorn in the making? Investors sure seem to think so.Source: https://www.deutsche-startups.de/2024/12/12/startupticker-upvest-predium-staffbase/ Our Blog Post: https://www.startuprad.io/post/michael-bloomberg-indirectly-backs-some-of-germany-s-most-important-fintech-startups-blog
Manager Magazin: Wefox’s Survival Deal
Insurtech unicorn Wefox secured a lifeline, but the terms were reportedly harsh, requiring significant concessions from existing shareholders. The Berlin-based startup has struggled to balance its valuation with profitability, highlighting tough times for Europe’s insurtech scene. If survival comes at a cost, Wefox is now paying it.Source: https://www.manager-magazin.de/unternehmen/tech/wefox-so-brutal-sind-die-konditionen-der-rettung-a-af8b725a-2627-4dcc-a649-5d9dfd3fc43aOur Take: https://substack.com/home/post/p-152521222?utm_campaign=post&utm_medium=web
Handelsblatt: Zalando Acquires About You
Zalando has acquired competitor About You from the Otto Group, consolidating its position as Europe’s leading fashion e-commerce giant. The deal marks a significant shift in the retail sector as Zalando aims to expand its market share and strengthen profitability. For shoppers, the choice between carts just got easier.Source: https://www.handelsblatt.com/unternehmen/handel-konsumgueter/zalando-moderiese-kauft-konkurrenten-about-you-von-otto-gruppe/100094079.html
Capital: Google Invests in Usercentrics
Google has invested in Munich-based Usercentrics, a startup specializing in consent management solutions for GDPR compliance. The investment signals confidence in the growing need for privacy solutions in the digital space. When it comes to data, Google’s clearly playing nice (for now).Source: https://www.capital.de/wirtschaft-politik/google-investiert-in-muenchner-datenschutz-start-up-usercentrics-35281764.htmlRelated: Source: https://www.manager-magazin.de/unternehmen/tech/google-us-techriese-steigt-bei-muenchner-start-up-usercentrics-ein-a-59866f5f-5376-4e1d-8278-7f08902edf69
Housekeeping & Time to Brag
Simply put: 2024 was a smashing success for us. For the first time we had more than 2.3 million downloads in a single year. We may even reach 2.5 M!
Also, there is now a paid for option of our blog on substack, where we go into detail about current events e.g. about Unzer, KKR’s failed attempt at buy and build, as well as Germany’s semiconductor subsidies or the impact of Northvolt’s insolvency on domestic politics here is more: https://startupradio.substack.com/
Invest in Hessen: Fermentation Unit Converts CO2 into BioplasticsA cutting-edge fermentation unit in Hessen is transforming CO2 into biodegradable plastics, offering a scalable solution for carbon reduction. The innovation marks a significant milestone in sustainable manufacturing. Turning waste into plastic? Now that’s recycling with style.
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Ecosystem
World
TechCrunch: Defense Tech Funding Hits Record HighLed by Anduril, defense tech startups secured unprecedented funding in 2024, highlighting a surge in investor interest for security and military innovations. The funding boom underscores the growing intersection of advanced tech and national defense. Startups are now armed with cash—literally and figuratively.Source: https://techcrunch.com/2024/11/20/led-by-anduril-defense-tech-funding-sets-a-new-record-this-year/
Crunchbase: Biotech & Healthcare Funding SurgeThe biotech and healthcare sectors have seen a significant rise in funding, driven by demand for innovative solutions in AI-driven diagnostics, therapies, and digital health. Startups across Europe and North America are leading this funding resurgence. Healthy investments equal healthier returns.Source: https://news.crunchbase.com/ai/biotech-healthcare-startup-funding-rises/
Europe
PitchBook: European AI VC Mega-Rounds SurgeEuropean AI startups are enjoying a surge of VC mega-rounds as investor appetite grows for advanced AI technologies. Countries like Germany and France are leading the charge, with funding rounds often exceeding €100M. AI may be eating the world—and Europe’s pulling up a seat at the table.Source: https://pitchbook.com/news/articles/european-ai-enjoys-a-surge-of-vc-mega-rounds
AI startups often stumble when scaling enterprise Go-To-Market (GTM) strategies, but industry insiders suggest a mix of pilot programs, iterative sales approaches, and understanding enterprise decision-making timelines to crack the code. Startups like those headquartered in Munich and Berlin have particularly excelled in creating value-driven partnerships by aligning deeply with enterprise needs. Humor aside, winning big contracts isn’t about AI buzzwords but solving real problems — a hard truth for many founders. Source: https://www.speedinvest.com/blog/cracking-the-code-proven-enterprise-gtm-strategies-for-ai-startups-from-industry-insiders
Tech.eu: Innovations Driving Europe’s Space IndustryEuropean space startups are driving innovation with advancements in satellite technology, reusable launch systems, and AI for space applications. The article highlights how ESA-backed accelerators are fostering a new wave of space entrepreneurship. Europe is officially on a rocket-fueled startup trajectory.Source: https://tech.eu/2024/11/28/innovations-driving-europes-space-industry/
Sifted: European Healthtech Funding TrendsHealthtech startups across Europe have seen steady investor interest, focusing on areas like AI-powered diagnostics, telemedicine, and digital health platforms. Despite economic challenges, the sector continues to attract funding, particularly in Switzerland and Germany. Turns out, health is where the wealth is.Source: https://sifted.eu/articles/europe-healthtech-investor-funding
Germany
In the political arena, Germany's main parties have unveiled plans to revive the economy ahead of the snap election on February 23, following the collapse of Chancellor Olaf Scholz's coalition. The conservatives, led by Friedrich Merz, propose tax cuts and lower electricity prices to spur growth, though critics argue these plans lack detailed costing. Meanwhile, the Social Democrats and Greens advocate for reforming the debt brake to fund infrastructure improvements. Key campaign issues also include migration and the situation in Ukraine, with varying stances on defense spending and relations with Russia. Reuters
ifo Institute: Business Climate Index Drops (Dec 2024)Germany’s ifo Business Climate Index fell again in December 2024, signaling continued pessimism among businesses regarding the economic outlook. Challenges like rising energy costs and inflation remain major concerns. Looks like Germany’s economic mood needs a New Year’s resolution.Source: https://www.ifo.de/fakten/2024-12-17/ifo-geschaeftsklimaindex-gesunken-dezember-2024
German business sentiment has taken a downturn in December, with the Ifo institute's business climate index dropping to 84.7 from November's 85.6, signaling persistent weaknesses in Europe's largest economy. Contributing factors include geopolitical uncertainties, industrial slowdowns, and the re-election of Donald Trump amid the ongoing war in Ukraine. Despite some optimism about current conditions, the expectations index also fell from 87.0 to 84.4. Reuters
Tech.eu: EU Inc Unveils Pan-European Startup EntityThe European Commission unveiled a blueprint for a new pan-European startup entity designed to streamline support for scaling startups. The initiative will include funding, mentorship, and regulatory harmonization across EU markets. Startup Europe just got a little more unified.Source: https://tech.eu/2024/12/04/eu-inc-unveils-blueprint-for-pan-european-startup-entity/
Wirtschaft Aktuell: Support for Female FoundersGermany is extending funding programs aimed at supporting female scientists transitioning into entrepreneurship. This initiative highlights a concerted effort to close gender gaps in startup funding. More women in labs and boardrooms? We’ll take it.Source: https://www.wirtschaft-aktuell.de/news/start-up-foerderung-fuer-gruenderinnen-aus-der-wissenschaft-wird-fortgefuehrt
FactoryNet: AI Adoption in GermanyA new report reveals that one in five companies in Germany has integrated AI solutions, marking significant progress in tech adoption. However, smaller firms still face barriers like lack of talent and implementation costs. AI is catching on—but the German Mittelstand is cautiously dipping its toes.Source: https://factorynet.at/branche/kuenstliche-intelligenz-jedes-fuenfte-unternehmen-in-deutschland-nutzt-sie/
VC Magazin: €750M for Bavarian StartupsBavarian startups are set to benefit from a €750 million funding injection aimed at boosting innovation and growth in key sectors like AI, biotech, and energy tech. This initiative cements Bavaria’s reputation as a European startup powerhouse. Lederhosen and unicorns? Only in Bavaria.Source: https://www.vc-magazin.de/blog/2024/11/28/750-mio-euro-fuer-bayerische-start-up-szene/
Handelsblatt: German Government Eases Financial Market AccessThe German government has introduced reforms to simplify financial market access, aiming to attract more investments and support startups. The initiative focuses on reducing red tape and boosting competitiveness for growth-stage companies. Berlin’s making moves to keep the capital flowing.Source: https://www.handelsblatt.com/politik/deutschland/investitionen-bundesregierung-will-zugang-zum-finanzmarkt-erleichtern/100091175.html
HTGF: Dr. Achim Plum Appointed Managing DirectorDr. Achim Plum has been appointed as the new Managing Director of High-Tech Gründerfonds (HTGF), Germany’s most prominent early-stage investor. His leadership will focus on strengthening the fund’s role in scaling innovative startups across Europe. HTGF’s next chapter just got a new author.Source: https://www.htgf.de/en/dr-achim-plum-to-become-new-managing-director-of-htgf/
Handelsblatt: Startups Face Stagnant InvestmentsGermany’s startup ecosystem faces stagnant investments amid economic uncertainty, prompting high-profile voices like Verena Pausder to call for stronger government support. The report highlights the need for systemic reforms to boost innovation. Startups aren’t asking for handouts—just a clearer runway.Source: https://www.handelsblatt.com/technik/it-internet/start-up-stagnierende-investitionen-pausder-setzt-sich-fuer-start-ups-ein/100086605.html
Hubs
Here we want to highlight some hidden gems and cities of general startup interest. We focused on assigning as many news to cities as possible. As always: The order of the news in the order they came to our attention.
Frankfurt - Rhein/Main
FinanceFWD: 21X Receives Regulatory License21X, a fintech startup focused on decentralized securities trading, secured its regulatory license, paving the way for its launch in Europe. The approval marks a milestone for decentralized finance adoption in regulated markets. Compliance? Checked.Source: https://financefwd.com/de/21x-lizenz/
Mannheim
Business Insider: Snocks Acquires OceansapartMannheim-based Snocks, an e-commerce brand specializing in socks and apparel, has acquired insolvent competitor Oceansapart. The deal reflects Snocks' aggressive growth strategy as it strengthens its market position amid retail consolidation. From socks to success—Snocks is stepping up.Source: https://www.businessinsider.de/gruenderszene/business/snocks-uebernimmt-insolventen-wettbewerber-oceansapart/
Borken
Borkener Zeitung: DeskNow Files for InsolvencyReken-based startup DeskNow, a provider of flexible workspace booking solutions, has entered insolvency proceedings. Despite initial traction during the remote work boom, financial difficulties and market saturation have taken their toll. DeskNow joins the “pivot or perish” club for startups.Source: https://www.borkenerzeitung.de/nachrichten/reken/Rekener-Start-Up-Unternehmen-DeskNow-geht-in-Insolvenz-563014.html
Aachen
The Next Web: Fibrecoat Secures $20M for Advanced FibersAachen-based Fibrecoat, a spinout focused on advanced materials, raised $20 million to accelerate the production of its high-performance fibers for aerospace and spacecraft. The startup aims to revolutionize lightweight solutions in advanced engineering industries. Aachen's spinout is spinning quite a future.Source: https://thenextweb.com/news/aachen-spinout-fibrecoat-secures-20-million-to-bring-super-fibres-to-spacecraft
Lübeck
LN Online: Perfood’s Insolvency SituationLübeck-based startup Perfood, known for personalized nutrition solutions, is navigating insolvency under court supervision. Despite financial troubles, discussions are ongoing to restructure and save the business. A spoonful of hope may yet be the cure for this struggling food-tech.Source: https://www.ln-online.de/der-norden/unter-insolvenzverwaltung-wie-geht-es-beim-luebecker-unternehmen-perfood-weiter-PGH3MCDJMFFRRKJE5L5MUPEWTM.html
Austria
Brutkasten: FireStart Files for InsolvencyAustrian software startup FireStart has filed for insolvency following the challenges of repaying a COVID-19 relief loan. Despite strong early growth, market pressures and repayment issues led to its financial struggles. FireStart’s flame dims, but not without lessons.Source: https://brutkasten.com/artikel/firestart-covid-kredit-insolvenz
Brutkasten: Youbee Files for InsolvencyAustrian bee-tech startup Youbee has filed for insolvency following challenges in scaling its precision beekeeping solutions. The collapse reflects ongoing struggles for agri-tech startups reliant on niche innovations. A sting in the tail for this promising venture.Source: https://brutkasten.com/artikel/youbee-steirisches-bienen-startup-muss-konkurs-anmelden
Brutkasten: Wood_Space Raises 8-Figure InvestmentAustrian proptech scaleup Wood_Space secured an 8-figure funding round to expand its sustainable timber construction solutions. The investment will help the company meet rising demand for eco-friendly building alternatives. Who said timber isn’t futuristic?Source: https://brutkasten.com/artikel/proptech-scaleup-wood_space-sichert-sich-achtstelliges-investment
Switzerland
No news here, but we have several big fundings in Switzerland in the respective section.
General News / Tech News / Companies News Section
VC News and New Funds, in case you are looking for money (also only a selection):
Silicon Canals: Alstin Capital Secures €175M for Alstin III FundAlstin Capital, the venture capital firm founded by billionaire Carsten Maschmeyer, has successfully raised €175 million for its third fund. The focus remains on European tech startups, with a particular emphasis on scalable business models in fintech and healthtech. Apparently, big wallets are in fashion again!Source: https://siliconcanals.com/alstin-capital-secures-e175m-for-alstin-iii-fund/
TechCrunch: Fly Ventures Raises €80M FundBerlin-based VC firm Fly Ventures announced its €80M fund targeting technical founders building deep tech solutions. The fund reflects a growing appetite for tech-heavy, high-risk investments in Europe. Fly Ventures isn’t just investing—they’re soaring into the deep tech frontier.Source: https://techcrunch.com/2024/12/06/fly-ventures-sets-its-eyes-on-technical-founders-with-a-fresh-e80m-fund/
Silicon Canals: German VC Taps Founders as PartnersA prominent German VC firm has brought founders from SumUp and Felyx onboard as partners to strengthen its leadership team. This move highlights a growing trend of VCs incorporating operational expertise to support portfolio startups more effectively. When founders become funders, things get interesting.Source: https://siliconcanals.com/this-german-vc-taps-founders-of-sumup-and-felyx-as-new-partners/
Sifted: NATO Innovation Fund to Invest in 2025The NATO Innovation Fund has outlined its 2025 strategy, focusing on investments in defense and dual-use technologies. The initiative will support deep-tech startups across Europe to bolster national security innovation. NATO: Investing in startups to keep the world a bit safer (and smarter).Source: https://sifted.eu/articles/vc-nato-innovation-fund-invest-2025
Yahoo Finance: Ousted Grover CEO Plans ComebackAn ousted CEO is plotting a return to the company they founded, leveraging shareholder support to reclaim leadership. The story reflects common founder-investor conflicts as startups scale. Who said second acts don’t exist in startups?Source: https://finance.yahoo.com/news/ousted-ceo-plots-return-end-201629271.html
Trending Topics: Omio Grows 30% and Becomes ProfitableBerlin-based travel startup Omio reported over 30% growth in 2024, achieving profitability after years of scaling. Strong demand for its cross-border travel booking platform fueled the turnaround. Omio’s trip to profitability? Right on schedule.Source: https://www.trendingtopics.eu/omio-travel-startup-waechst-2024-um-mehr-als-30-prozent-und-wird-profitabel/
Green Tech News
LinkedIn: Philipp Schröder (Founder Unicorn of 1KOMMA5) Hits Back Publicly on LinkedIn Philipp Schröder highlights news via Business Insider from two reporters, showcasing that they simply misunderstood the internal documents they have obtained. Also they did not take into consideration the current market environment. Learn more here: Source: https://www.linkedin.com/posts/philipp-schr%C3%B6der-b94b6576_filmreif-josh-groeneveld-madita-lege-und-activity-7269785343476879363-WU5H/
Biotech News
Startupticker: Cimeio Signs $300M AgreementSwiss biotech startup Cimeio has signed a $300 million partnership with a Japanese pharma giant to advance its cell therapy technology. The deal signals confidence in Cimeio’s innovative approach to targeted medical treatments. Big deals, big cures, big future.Source: https://www.startupticker.ch/en/news/cimeio-signs-300-million-agreement-with-japanese-pharma-company
Finsmes: Noema Pharma Extends Series B to $147MSwiss-based Noema Pharma extended its Series B funding round to $147 million to accelerate the development of treatments for central nervous system disorders. The funding solidifies its position as a leader in the health biotech space. Noema Pharma’s success? It’s all in their head—quite literally.Source: https://www.finsmes.com/2024/12/noema-pharma-extends-series-b-financing-closing-at-147m.html
Transkript: Bayer Opens Co.Lab Incubator in BerlinBayer has launched Co.Lab Berlin, a new biotech incubator designed to accelerate startups developing health and life science innovations. The initiative underscores Berlin’s growing status as a hub for biotech entrepreneurship. A shot of innovation straight into the veins of the startup scene.Source: https://transkript.de/artikel/2024/bayer-eroeffnet-inkubator-co-lab-berlin/
Handelsblatt: Germany’s Top Biotech StartupsGermany’s biotech sector is buzzing with potential, featuring five startups identified as major hopes for investors. The list includes companies tackling healthcare, diagnostics, and biotech manufacturing. Biotech isn’t just science—it’s serious business.Source: https://www.handelsblatt.com/unternehmen/handel-konsumgueter/biotechnologie-fuenf-biotech-hoffnungen-der-investoren-aus-deutschland/100089226.html
Fintech News
BTC-Echo: Bitpanda Launches Trading Platform for ProsAustrian fintech Bitpanda has unveiled a new platform tailored for professional crypto traders, offering advanced features and tools. The launch highlights Bitpanda’s strategy to cater to institutional investors and experienced traders. Crypto just got more serious in Europe.Source: https://www.btc-echo.de/schlagzeilen/fusion-bitpanda-launcht-neue-plattform-fuer-profi-trader-197468/
FinanceFWD: Strüngmann Twins Back FintechsThe Strüngmann twins, famous for backing BioNTech, are now turning their attention to fintech investments, boosting several prominent German startups. Their involvement highlights growing institutional confidence in fintech innovation. When billionaires bet on fintech, everyone pays attention.Note: Suggested for Startuprad.io blog post.Source: https://financefwd.com/de/fintechs-struengmann-zwillinge/Note: We are following them already for a few years: https://medium.com/startuprad-io/meet-twin-brother-billionaires-behind-biontechs-success-34d2a7eb24b6
FinanceFWD: The Biggest Fintech FlopsA round-up of recent fintech flops reveals challenges facing even the most promising startups, from regulatory hurdles to scalability issues. The failures offer valuable lessons on product-market fit and funding reliance in turbulent markets. Fintech dreams can crash hard—but they’re also prime case studies for survival.Source: https://financefwd.com/de/fintech-flops/
Finanz-Szene: Scalable Capital Launches Its Own ExchangeScalable Capital, a German fintech leader, has launched its own exchange in partnership with Deutsche Bank to simplify investing for retail clients. The move aims to increase market access while reducing trading costs. Scalable’s bet? Building an exchange is the ultimate power move.Source: https://finanz-szene.de/fintech/scalable-capital-dockt-bei-der-deutschen-bank-an-und-startet-eigene-boerse/
FinanceFWD: Raisin is a unicorn - againAfter corrections on the valuation of holdings of investors Raisin lost its unicorn status, but now after a secondary transaction is now valued at more than 2bn US$Source: https://financefwd.com/de/raisin-secondary/
FinanceFWD: LIQID Launches New Investment ProductWealth management fintech LIQID has unveiled a new investment vehicle aimed at high-net-worth individuals. The Eltif product offers access to private equity and alternative assets, strengthening LIQID’s value proposition in Europe’s wealth market. Luxury investments, meet fintech flair.Source: https://financefwd.com/de/liqid-eltif-einlagen/
Finanz-Szene: Smava’s Sale Nears CompletionFintech lender Smava is reportedly in the final stages of being sold, with debates over a realistic valuation dominating discussions. The deal reflects a cooling trend in fintech M&A, where buyers are pushing for lower valuations. Smava’s next loan? A valuation that fits market reality.Source: https://finanz-szene.de/fintech/smava-verkauf-geht-in-entscheidende-phase-welche-bewertung-ist-realistisch/
FinanceFWD: Founders Repurchase RideThe original founders of a mobility startup have repurchased their company after earlier selling to investors. The move highlights founder-driven turnarounds as a growing trend in Europe’s startup ecosystem. Sometimes, going back to the driver’s seat is the best strategy.Source: https://financefwd.com/de/gruender-kaufen-ride-zurueck/
General News
Manager Magazin: Lilium Faces Class Action LawsuitMunich-based flying taxi startup Lilium is facing a class action lawsuit in the US over allegations of misleading investors regarding its financial performance and timelines. The legal challenges add pressure to the already struggling company. Looks like turbulent skies ahead for Lilium.Source: https://www.manager-magazin.de/unternehmen/tech/lilium-sammelklage-in-den-usa-gegen-flugtaxifirma-aus-muenchen-a-63091c02-4350-4a95-8b66-99b441130ff7
Manager Magazin: Wissing Plans Air Taxi Test TracksGermany’s Transport Minister Volker Wissing announced plans for air taxi test tracks to launch by 2026, supporting innovations in urban mobility. The initiative aims to position Germany as a leader in next-gen transport solutions. Flying taxis—coming soon to a sky near you (hopefully).Source: https://www.manager-magazin.de/unternehmen/volker-wissing-will-teststrecken-fuer-lufttaxis-ab-2026-a-3cdc1d38-bd2e-4aaf-8283-8a4d70cf4c3a
STOXX: AUTO1 Group Enters MDAX IndexAUTO1 Group, Europe’s leading online car marketplace, has officially entered Germany’s MDAX index, signaling investor confidence in its long-term growth. The Berlin-based company’s rise highlights the demand for digital automotive platforms. AUTO1 is shifting gears in style—straight to the MDAX.Source: https://www.stoxx.com/auto1-group-wechselt-in-den-mdax/Also read our article about their IPO: https://www.startuprad.io/post/auto1-ipo-soars-45-and-generates-germany-s-newest-tech-billionaires-updated from February 2021
Manager Magazin: Delivery Hero Prices Talabat at High EndDelivery Hero’s sale of Talabat was priced at the upper end of expectations, signaling strong investor demand for food delivery assets. The deal boosts Delivery Hero’s liquidity as it continues focusing on core growth markets. Food for thought: big appetites still pay big returns.Source: https://www.manager-magazin.de/finanzen/boerse/delivery-hero-angebotspreis-fuer-talabat-am-oberen-ende-der-spanne-a-d75b83c7-65ee-4b00-ade7-11e74ba6dd9b
Elektroauto-News: Allride Mobility by Ex-Sono Motors CEOEx-Sono Motors CEO Laurin Hahn launched Allride, a new electric mobility solution aiming to tackle Europe’s urban transport challenges. Leveraging lessons from Sono, the Munich-based startup focuses on affordable, sustainable e-mobility options. Perhaps a second ride is smoother than the first.Source: https://www.elektroauto-news.net/news/allride-mobilitaetsloesung-ex-sono-motors-ceo
Unternehmertum: ESA and UnternehmerTUM Launch Space AcceleratorESA and UnternehmerTUM have partnered to launch Europe’s first scale-up accelerator program for space startups. The initiative focuses on helping scaleups bring advanced space technologies to market faster. Germany takes a giant leap—into the startup cosmos!Source: https://www.unternehmertum.de/presse/unternehmertum-und-esa-starten-erstes-scale-up-accelerationsprogramm-fuer-die-raumfahrt
Business Insider: Staffbase Eyes IPOStaffbase co-founder Martin Böhringer confirmed the company is exploring an IPO, aiming to capitalize on strong demand for internal communications software. The Chemnitz-based unicorn has seen rapid growth, positioning itself as a global leader in employee engagement tools. Staffbase’s next memo? “We’re going public!”Source: https://www.businessinsider.de/gruenderszene/business/staffbase-gruender-spricht-ueber-den-geplanten-boersengang-lnr/
ESUT: Helsing Launches Smart Combat Drone HX-2 KarmaGerman defense-tech startup Helsing has officially unveiled the HX-2 Karma, an intelligent combat drone designed for advanced military operations. The AI-powered drone reflects Europe’s growing focus on integrating artificial intelligence into defense capabilities. High tech? More like sky tech.Source: https://esut.de/2024/12/fachbeitraege/55118/helsing-stellt-intelligente-kampfdrohne-hx-2-karma-offiziell-vor/
Trending Topics: NXRT Moves into Military TechVR startup NXRT, based in Austria, is pivoting into military technology, planning new solutions for defense-related training applications by 2025. The move signals a strategic shift to address growing global demand for tech-driven defense tools. Virtual reality is no longer just for gaming—now it’s war games.Source: https://www.trendingtopics.eu/scoop-vr-startup-nxrt-wird-2025-in-militaertechnologie-einsteigen/
Handelsblatt: Former SAP Employees Launch Rival StartupA team of former SAP employees is developing a direct competitor to SAP’s market-leading enterprise software, focusing on improved usability and speed. The startup aims to challenge SAP’s dominance by offering a more agile alternative for businesses. Disruption begins at home—at least for SAP alumni.Source: https://www.handelsblatt.com/technik/it-internet/start-up-check-fruehere-sap-mitarbeiter-planen-gegenentwurf-zum-marktfuehrer-01/100089320.html
Handelsblatt: OneFootball’s Strategy ShiftBerlin-based OneFootball is overhauling its business model to achieve profitability, focusing on paid features and partnerships. The football-centric app aims to recover from recent losses by prioritizing sustainable revenue streams. OneFootball may finally get back on the pitch—profitably.Source: https://www.handelsblatt.com/unternehmen/dienstleister/start-up-onefootball-app-erneuert-strategie-um-profitabel-zu-werden/100090595.html
ITNote: Markt.de Acquires dhd24.comGermany’s classifieds market sees further consolidation as Markt.de acquires competitor dhd24.com. The acquisition strengthens Markt.de’s leadership in the growing digital classifieds segment. Consolidation: because fewer websites mean fewer tabs to check.Source: https://www.itnote.de/markt-de-uebernimmt-dhd24-com-konsolidierung-im-kleinanzeigenmarkt/
Handelsblatt: Deutsche Bahn and FlixTrain Perform Poorly in EU RankingsDeutsche Bahn and FlixTrain scored poorly in a European comparison of rail service quality and efficiency. High ticket prices, delays, and inconsistent service contributed to their low rankings. Looks like Germany’s trains need a new schedule—for improvement.Source: https://www.handelsblatt.com/unternehmen/handel-konsumgueter/bahn-db-und-flixtrain-schneiden-im-europaeischen-vergleich-schlecht-ab/100093655.html
FinanceFWD: Unzer’s CEO Discusses RestructuringUnzer CEO Robert Bueninck highlighted the company’s turnaround strategy, emphasizing operational efficiency and a streamlined product focus. The fintech is positioning itself to regain trust and market share after facing significant headwinds. From fintech trouble to fintech triumph? Unzer’s playing the long game.Source: https://financefwd.com/de/unzer-robert-bueninck-ffwd-podcast/
Our take on the story: https://startupradio.substack.com/p/unzers-journey-to-compliance-overcoming
Schumpeters Schöpferische Zerstörung ⇒ Creative Destruction:
Investmentcheck: Casc Files for InsolvencyCasc, a startup in Germany’s industrial sector, has filed for insolvency amidst liquidity issues. The company’s struggles reflect ongoing challenges for capital-intensive startups navigating uncertain economic conditions. A tough break in turbulent times.Source: https://www.investmentcheck.de/produkt/casc/
Berliner Zeitung: Onomotion Finds Investor Post-InsolvencyBerlin-based cargo bike startup Onomotion has successfully found a new investor following its insolvency. The deal marks a fresh start for the company, which aims to expand its sustainable urban logistics solutions. Cargo bikes keep rolling, even through tough financial roads.Source: https://www.berliner-zeitung.de/mensch-metropole/nach-insolvenz-berliner-lastenrad-start-up-onomotion-findet-investor-li.2278778
e-Fahrer: German e-Bike Startup Files for InsolvencyA promising German e-bike startup has filed for insolvency despite unveiling a new model just weeks prior. Market saturation, production costs, and reduced consumer demand are cited as key reasons. It seems not every e-bike can pedal its way to profitability.Source: https://efahrer.chip.de/news/im-november-neues-e-bike-vorgestellt-jetzt-ist-deutsches-start-up-insolvent_1024505
End on a High Note: Successful Fundraisings and Exits:
Keep in mind this is a small selection. The news here and their total value show how resilient the startup scene is. We included only selected fundraisings above 10 million Euros, CHF or USD. We will only bring you highlights here.
FinanceFWD: Gigs Secures €73M in FundingGerman startup Gigs, a telecommunications platform, raised €73M in funding to scale its “telecom-as-a-service” model. The startup enables companies to offer their own branded mobile plans seamlessly. Gigs is dialing into big opportunities.Source: https://financefwd.com/de/73-millionen-funding-gigs/
Silicon Canals: Anybotics Raises €57.1MSwiss robotics startup Anybotics raised €57.1M to expand operations and advance its autonomous robot solutions, particularly targeting industrial and inspection use cases. The Zurich-based company is positioning itself for global growth. Swiss precision meets robotics innovation.Source: https://siliconcanals.com/swiss-based-anybotics-bags-e57-1m/
CoachHub Secures €40M Growth FinancingBerlin-based CoachHub, a digital coaching platform, secured €40M in financing from HSBC Innovation Banking UK to fuel its global expansion. The investment reflects the booming demand for digital learning and professional development tools. CoachHub is coaching its way to global dominance.Source: https://www.coachhub.com/de/news_media/coachhub-erhalt-wachstumsfinanzierung-in-hohe-von-40-millionen-euro-von-hsbc-innovation-banking-uk/
Finsmes: Koro Raises €35M in Series CBerlin-based Koro, an e-commerce startup specializing in healthy foods, secured €35 million in Series C funding to expand its product range and European presence. Koro’s growth reflects strong consumer demand for health-focused DTC brands. Snackable growth, one funding round at a time.Source: https://www.finsmes.com/2024/11/koro-raises-e35m-in-series-c-funding.html
Transkript: Planet A Foods Raises $30M for Cocoa AlternativeMunich-based Planet A Foods, creator of a sustainable cocoa alternative, raised $30 million to scale production and meet rising demand. The funding reflects a broader trend toward food innovation as startups tackle the chocolate industry’s environmental footprint. Sweet sustainability is on the menu.Source: https://transkript.de/artikel/2024/kakaoalternative-planet-a-foods-30-mio-us-dollar/
Moneycab: LiOM Raises $25M for Series ALiOM, a clean energy startup, secured $25 million in Series A funding to accelerate its innovative technology development. The investment will fund expansion into European and global markets, targeting sustainable energy adoption. LiOM’s clean energy vision? Now well-funded and well-fueled.Source: https://www.moneycab.com/finanz/liom-sichert-sich-25-mio-usd-als-kickstarter-fuer-seine-serie-a/
SportsBusiness.at: Baller League Raises $25M for UK and US ExpansionThe Baller League, a European sports startup, secured $25 million to expand its franchise model into the UK and US markets. With growing interest in alternative sports leagues, the company is betting on fan-driven engagement to disrupt the traditional sports scene. Kick-off for global domination begins now!Source: https://sportsbusiness.at/baller-league-sichert-sich-25-millionen-us-dollar-fuer-expansion-in-grossbritannien-und-den-usa/
Finanznachrichten: Embotech Secures CHF 23.5MSwiss-based Embotech, an autonomous driving startup for logistics, raised CHF 23.5M to develop scalable solutions for self-driving systems. The investment focuses on enhancing efficiency in industrial logistics. Self-driving innovation is speeding up in Switzerland.Source: https://www.finanznachrichten.de/nachrichten-2024-12/64089978-embotech-erhaelt-chf-23-5-mio-finanzierung-fuer-loesungen-fuer-autonomes-fahren-in-der-logistik-095.htm
Silicon Canals: Carbmee Raises €20M for Carbon ManagementBerlin-based Carbmee, a carbon management platform, raised €20 million in Series A funding to drive AI-powered innovation in emissions reduction. The funding reflects increased demand for enterprise solutions addressing ESG requirements. Sustainability is a big business—and Carbmee is at the center of it.Source: https://siliconcanals.com/germanys-carbmee-raises-20m/
Apaleo Raises €20M Growth EquityMunich-based Apaleo, a property management SaaS provider, raised €20 million to fuel its growth across European hospitality markets. The startup focuses on enabling hoteliers to streamline operations via API-powered tech. Clearly, Apaleo wants hotels to check in to the digital age.Source: https://www.finsmes.com/2024/11/apaleo-receives-e20m-in-growth-equity-funding.html
Finsmes: Neoplas-Med Secures €18M in FundingGerman-based Neoplas-Med raised €18 million to advance its medical technology, particularly in plasma-based therapies. The funding will accelerate product development and clinical trials, positioning the company as a leader in innovative health solutions. Plasma power takes center stage.Source: https://www.finsmes.com/2024/11/neoplas-med-receives-18m-in-funding-from-niterra-ventures-company.html
Finsmes: Predium’s €13M Funding Round(Previously listed) Munich’s Predium raised €13 million to continue developing its ESG-focused property platform. Investors are betting on sustainable real estate management as the industry evolves toward greener solutions. Germany loves its eco-friendly property platforms—again.Source: https://www.finsmes.com/2024/11/predium-raises-e13m-in-series-c-funding.html
Related: Unternehmertum: Predium Secures €13M in Series AMunich-based Predium raised €13 million in a Series A funding round to accelerate its property management platform focused on sustainability. With an eye on green building tech, Predium is addressing the growing demand for ESG-compliant real estate solutions. Property meets progress.Source: https://www.unternehmertum.de/presse/predium-erhaelt-13-millionen-euro-series-a-finanzierung
Venturelab: Relai Raises $12M Series AZurich-based Relai, a Bitcoin-focused startup, secured $12M in Series A funding to drive its European expansion. The funding emphasizes the growing popularity of Bitcoin services in Europe and Relai’s role in simplifying Bitcoin investing. Switzerland proves yet again it’s more than just chocolate and watches.Source: https://www.venturelab.swiss/Relai-secures-USD-12M-Series-A-to-support-EU-Bitcoin-expansion
Brighty Secures $10M in FundingSwiss-based Brighty, a fintech startup offering digital financial solutions, raised $10 million to expand its offerings and scale operations. The funding highlights a growing investor appetite for fintech innovation, particularly in the European market. Clearly, “Brighty” days lie ahead.Source: https://www.finanznachrichten.de/nachrichten-2024-12/64014003-brighty-erhaelt-10-mio-usd-an-finanzierung-095.htm
SpotMyEnergy: 10.5 M Europ Seed FundingSpotMyEnergy reports a 10.5 M Euro funding round within the energy-tech space, signaling increased momentum for sustainable innovations. Startups tackling energy efficiency and carbon management are seeing strong investor interest. The energy market just got a little more "spot"-light.Source: https://spotmyenergy.de/tag/finanzierungsrunde/
Mergers and Acquisitions (M&A) News
HTGF: Cloud Software Group Acquires DeviceTrustCloud Software Group has acquired DeviceTrust, a portfolio company backed by High-Tech Gründerfonds (HTGF). The deal showcases strong exit opportunities for German enterprise security startups. Another successful “trust” fall—straight into an acquisition.Source: https://www.htgf.de/en/cloud-software-group-acquires-htgf-backed-devicetrust/
TechCrunch: Mirakl Acquires AdspertMirakl, an e-commerce marketplace platform, has acquired Adspert, a startup specializing in ad optimization technology. The acquisition aims to enhance Mirakl’s marketplace ecosystem by integrating AI-driven advertising tools. When marketplaces meet smarter ads, everyone clicks.Source: https://techcrunch.com/2024/12/10/e-commerce-marketplace-platform-mirakl-acquires-ad-optimization-startup-adspert/
FinanceFWD: PAQATO Acquires EasybillLogistics tech startup PAQATO has acquired Easybill, a German invoicing software provider, to expand its e-commerce service ecosystem. The move consolidates PAQATO’s strategy of offering end-to-end tools for online businesses. From logistics to billing—PAQATO covers the bases.Source: https://financefwd.com/de/easybill-uebernahme-paqato/
Nomadia Acquires German CoredinateFrench-based Nomadia has acquired German company Coredinate, expanding its geographic footprint and capabilities in workforce management solutions. The deal strengthens Nomadia’s position in Europe. Coredinate: mission acquired, growth activated.Source: https://www.nomadia-group.com/en/the-group/news/nomadia-continues-its-international-expansion-with-the-acquisition-of-german-company-coredinate/
Stay Ahead of the Curve
Adweek: Podcasts Are Becoming a Visual MediumPodcasts are shedding their audio-only past as video integration becomes increasingly vital for growth and monetization, according to media experts. Visual formats on platforms like YouTube offer enhanced audience engagement, with video clips boosting discoverability through social shares. So yes, your podcast might need a wardrobe change to stay relevant.Source: https://www.adweek.com/media/podcasts-are-increasingly-a-visual-medium/ ⇒ Startuprad.io has been one since 2018. #beaheadofthecurve
Digital Euro Association: The State of the Digital EuroIn a panel discussion, experts discussed the potential implementation of the digital euro, focusing on its design, regulatory challenges, and its impact on banking stability. Key themes included transparency, privacy, and adoption strategies for both consumers and enterprises. Clearly, Europe’s central bankers have gone full digital futurist.Source: https://www.youtube.com/watch?v=fgqGPg40Nw4&ab_channel=DigitalEuroAssociation
TechRepublic: ChatGPT’s 2nd AnniversaryChatGPT’s remarkable two-year journey has reshaped industries with its groundbreaking capabilities, becoming the go-to AI assistant for businesses and professionals alike. OpenAI has continued enhancing its AI model, pushing ChatGPT toward greater versatility, from customer support to creative content generation. Even skeptics have to admit: it's a toddler with serious impact.Source: https://www.techrepublic.com/article/chatgpt-anniversary-2024/
Podnews: Podcast Ads Are Difficult to ScalePodcast advertising may offer impressive engagement, but scaling campaigns across diverse shows remains a challenge for advertisers. Industry experts emphasize the need for better analytics and ad insertion tools to optimize ROI. The TL;DR? Podcast ads are powerful but require surgical precision to get right.Source: https://podnews.net/update/podcast-ads-difficult
Maddyness UK: Lessons from a Fired CEOA startup founder shares their candid experience of being ousted from their own company, reflecting on governance, founder dynamics, and resilience. The article dives into valuable takeaways for other entrepreneurs navigating leadership transitions. It’s a hard knock life, startup edition.Source: https://www.maddyness.com/uk/2024/11/21/i-got-fired-from-my-own-startup-lessons-from-the-other-side/
TechRepublic: ChatGPT Anniversary 2024Celebrating two years of ChatGPT, OpenAI reflects on its transformative impact across industries, from automating tasks to improving decision-making processes. The anniversary marks how generative AI has evolved into a daily tool for professionals and creatives alike. Clearly, ChatGPT isn’t just talking the talk—it’s walking the innovation walk.Source: https://www.techrepublic.com/article/chatgpt-anniversary-2024/
Ravio: Compensation Trends for 2025A new report from Ravio outlines key compensation trends for 2025, including rising wages in tech and fintech sectors and increasing demand for flexible benefits. The trends reflect employers’ efforts to attract and retain top talent amid global competition. Future paychecks? Bigger and (hopefully) better.Source: https://ravio.com/compensation-trends-2025
Pipedrive: AI Adoption StudyA Pipedrive study highlights how AI adoption is transforming CRM and sales processes for startups and enterprises. Key benefits include time savings, improved efficiency, and enhanced customer insights. AI isn’t replacing sales teams—it’s making them look good.Source: https://www.pipedrive.com/de/blog/ki-studie
TechCrunch: EU Startups Scaling PrioritiesThe European Union has prioritized scaling startups as part of its latest policy reboot, focusing on funding, regulation streamlining, and talent retention. The initiative aims to create more unicorns and reduce startup failure rates. The EU finally put “scaling” at the top of its to-do list.Source: https://techcrunch.com/2024/11/27/scaling-startups-is-top-priority-as-eu-reboots-its-top-team/
Speedinvest: Longevity and Healthy Ageing ReportSpeedinvest’s report on longevity startups highlights promising opportunities in healthtech and biotech focused on extending human lifespan. The key takeaways include rising investor interest in AI-driven diagnostics and preventive healthcare. Who said the fountain of youth couldn’t be funded?Source: https://www.speedinvest.com/blog/5-takeaways-from-our-longevity-healthy-ageing-2024-report
Onlinemarktplatz: Smart Home Usage in GermanySmart home technology adoption is steadily growing in Germany, driven by rising consumer interest in automation and energy efficiency. Major players continue to innovate in connected devices, enhancing convenience for users. Alexa, turn on the German tech boom.Source: https://www.onlinemarktplatz.de/248606/smart-home-nutzung-deutschland/
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The news are co-hosted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. And Christian “Chris' ' Fahrenbach, co-founder Startuprad.io, freelance reporter, lecturer, author and blogger . Reach out to them:
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About us: Stay ahead of the curve with Startuprad.io
Welcome to Startuprad.io™, the audio and video podcast, one of the premier sources for news and insights into the world of German, Austrian, and Swiss tech innovation!
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Discover which partnerships are driving growth in the European tech space. We especially pride ourselves, that “You likely never have heard of our guests, but you will in the future.” We interview entrepreneurs early in their journey, to unicorn founders and CEO of NASDAQ listed companies, but our focus is on startups starting around Series A funding. Join us at Startuprad.io, where every conversation inspires new possibilities.
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Automated Transcript
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:00:02]:
Welcome to this month in terms of Swiss and Austrian startups for December 2024, and I already made Chris laugh. Hey. How are you doing there in New York?
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:00:11]:
I'm doing well. The most Christmassy I got is this sweater, but you're succeeding.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:00:19]:
Yes. I got an ugly Christmas sweater and a Santa hat here for everybody who's just listening to that. By the way, listening, we will get later to it, but we surpassed already to 2,300,000 downloads for 2024, so we are doing good. As you already heard, this is our December news wrap up with Vital News from the start up at tech entrepreneurship scene in Germany, Austria, and Switzerland. Our news cut today is December 17th. As always, all news not in this, not included here will be included in our next news wrap up. The news cycle is picking up considerably. In October, we plowed through around 20 pages of GSA startup news.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:01:00]:
We had collected since last news. In November, we had 36, and now it's 18 pages for only around 3 weeks. Fair to say activity is picking up. We needed to cut it seriously to have, like, really brief news and not having you here for hours. So let's hope it finds you, you like it. Merry Christmas and Happy New Year for all of you. We are steadily adjusting our approach here. Now we mentioned more frequently the source where we got the news from and a bit more about the news itself.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:01:34]:
Let us know how you like it. That said, let's plow through more than 100 news pieces for these news. And I think Chris will, as always, take the highlights in New York.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:01:46]:
Yes. And even the highlights are long today. So we saw that December really showcased, an impressive momentum across the German startup ecosystem. For example, Black Forest Lab reportedly, was hitting a $1,000,000,000 valuation, and Upvest raised, Germany's largest fintech round of the year with more than a €100,000,000. On the green tech front, Focused Energy secured €2,500,000 for nuclear fusion innovation, while Hessen Startups advanced, groundbreaking c 02 to bioplastic solution. The, DACH startup ecosystem, DACH being the German equivalent for Deutschland Osterreich Schweitz of GSA, the DACH startup ecosystem also saw major ecommerce moves with Zalando acquiring About You, selectifying the market leadership in Germany, Zalando probably being a German version of Zippos probably, if you wanna compare, From AI adoption in Germany to record breaking VC mega rounds for European AI start ups, innovation remains a core driver across the region with, small and medium enterprises steadily embracing digital transformation. Key industries we see are Fintech, Greentech, robotics, AI. Those are standing out, making the month as a vibrant finale for the year.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:03:09]:
In total, we covered €1,500,000,000 more than, actually, in start up fundings across Germany, Austria, and Switzerland, highlighting probably, yeah, as you said, like a, like a rather optimistic end of the year and resilience and investor confidence in emerging technologies and sustainable solutions. New VC funds raised include Elstin Capital's €175,000,000 and Fly Ventures' €80,000,000 Deep Tech Fund, signaling growing national interest in German Fintech startups and, again, AI powered innovation, buzzword of the year maybe. Notable deals include Anybotix, €57,000,000 funding, WoodSpace's 8 figure investment, and Berlin based, Carp Me securing €20,000,000 for carbon management solutions. And a little note on the certain, on the current uncertain environment, though, just yesterday, chancellor Olaf Scholz took the first step to pave the way for new elections in February 2025. So those are snap elections, which are an issue since there will be no debt boosting of debt funded boosting of the economy anymore. It's one of the hugest disputes is how to get to a balanced budget or whether Germany should invest more in future oriented technologies. There might not be any, tax cuts or any larger political initiatives until the new government is in power, which may be the case in March or April 2025 if we are optimistic, maybe even a bit later. We see the first effects of this, for example, on the e for business climate index that we will be talking about a bit more in-depth later on.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:04:50]:
So let's see how this all plays out for the overall economy and startups, especially. Let's talk startups, but first, let's talk schedule.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:04:59]:
Yes. Exactly. Christmas is approaching. Expect our last episode of 2024 to drop on Friday, December 20th. Our legendary Fintech review, which is, by the way, already recorded and right now in editing. We will be back with the next regular start up interview on January 9th, also already recorded and in editing, and our next news will drop on January 30th. Get used to the 25 at the end. Business in Germany around the holidays expect most companies to work only with a skeleton staff between December 23rd and January 7th at least.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:05:37]:
They also will be quite busy with preparing their annual accounts. December 24th, most companies will either be completely closed or like grocery stores only open until 2 in the afternoon, 1400 hours max. December 25th 26th are public holidays across Germany. And the the the most southern states here in Germany, Baton, Wurttemberg, and Bayern, they start the New Year off pretty well because January 6th is also a public holiday there. So most people will start working around January 7th again. The video and audio podcast will go live on December 19th. You can also always turn into our Internet radio station 247 startup.radio and, get your content right to your inbox, startup radio.substack.com. We will also publish now exclusive content covering the German startup scene.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:06:33]:
All other channels are to be found on the link tree. And for the last time, for very, very long cooperation, thank you very much, our enablers. This recording is supported by Hessen Trade and the best and the enterprise Europe network. Really sorry to see them go, but it's public money. And after a few years, you just have to enter contract for, EU reasons. We also have our partner, Modern IQs, which could help you write at least 2 sale pieces AI assisted every month. You can watch the video how to do that here as well. And Chris, now we get to the top news this month.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:07:11]:
Right?
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:07:12]:
Yes. And there we have rather surprising news, about a company in Karlsruhe called Black Forest Lab. It's one of Germany's leading AI startups, and it has reportedly already reached a 1,000,000,000 valuation, as its technologies gain traction globally, which is rather surprising because the company is still really young. The, the time frame that is referenced in the article in our show notes is on it's only 4 months old, but, it has gotten so big because of interest by through Elon Musk or of Elon Musk. They he's leveraging their innovations and therefore has added fuel to their meteoric rise, one can say. The company is working on AI powered imaging, and that is used from Musk's AI model, Grok. So, that report was made in, was published in Welt, which is one of Germany's largest publishers. It should be rather substantiated.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:08:16]:
And so, I mean, I guess we're basically on the way that Carswell rivals Silicon Valley, obviously, as they all say.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:08:24]:
It would be by the way, it would be very great to have, like, a third, start up hop of European rank here in Carswell. It would
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:08:31]:
be just great. Carswell actually does really, really well. There's kit. So there's a big engineering, and and a big engineering university that also has quite good entrepreneurial initiatives going on for years.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:08:44]:
Hasbwe in Institute For Technology. Sorry. Here you go, Chris.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:08:49]:
Germany's economic minister Robert Haberk, also running for chancellor for the Green Party, remains optimistic about North Wall's €600,000,000 loan despite production delays. The Swedish battery start up's massive factory in Schleswig Holstein is a key bet of your all of the whole of the European Union for their green energy push. But for now, the government, it's keeping its patient and the checkbook open even though, as there's probably always the case with such new big developments, the they are a bit behind schedule.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:09:24]:
Yes. Plus plus one should not forget that Northwell fight for insolvency, which we reported last month. So it's it's very, very much unclear how much money is is there invested and lost.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:09:36]:
And the whole case is a good example for an overall discussion in Germany about the energy transformation and the question of how much government should subsidize and help with those changes. Deutsche start ups, Dave, writes about Upvest, Germany's largest Fintech round of 2024. That is a €100,000,000 to expand its API powered investment infrastructure supported by heavyweights like Michael Bloomberg. Upset is set to redefine Europe's Fintech ecosystem. So probably also another German unicorn in the making. In manager magazine, one of the most renowned business, titles. Oh, yeah. And we also have a blog post about, Upvest on our own website.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:10:26]:
In, manager magazine, one of Germany's most renowned business titles, we see, report about Wefox's survival deal. It's an Intuitech unicorn in Germany, which secured a lifeline, but the terms were reportedly harsh, requiring significant concessions from existing shareholders. It's a Berlin based startup that has struggled to balance its valuation with profitability. So, yeah, just in general highlighting, problems for the European intro tech scene. Handelsblatt, a business daily in Germany, wrote about Zalando and many other news, titles wrote about Zalando too. Since Zalando is really, really big in Germany and probably one of the most relevant Amazon competitors, at least when it comes to clothing and shoes, and Zalando acquires about you from the OTO Group, one of the most traditional German, home shopping catalog providers over decades. They are, consolidating its position as Europe's leading fashion ecommerce giant with that, and that is, they, in that case, is Zalando. The deal marks a significant shift in the retail sector as Zalando aims to expand its market share and strengthen profitability.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:11:51]:
Capitale, another renowned, German media title writes about Google in Google's investment in Usercentrics. And Usercentrics is a Munich based company, a start up specializing in consent management solution for GDPR compliance. The investment now signals confidence in the growing need for privacy solutions in the digit digital space. So maybe Google is playing a bit nicer, at least for now, when it comes to data and data security. And that's a little overview of some of the most important top stories.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:12:31]:
Yes. Housekeeping and time to brag. Simply put, 2024 was a smashing success for us. For the first time, we had more than 2,300,000 downloads in a single year. We may even reach 2.5 until the end of the year. There is now also a paid option for our block on Substack where we got detailed current where we go into details about current events like UNSA, KKR's failed attempt to buy and build as well as Germany's semiconductor subsidies or the impact of North Wall Insolvency on domestic politics. Also, we follow-up on what Chris already mentioned that the highlights, a former interview guest of our c 02 Bio Clean, Invest in Hesson Fermentation Unit converts c 02 in bioplastics, a cutting edge fermentation unit in Hesson is transforming c 02 into biodegradable plastics, offering a scalable solution for carbon reduction. Innovation marks a significant milestone in sustainable manufacturing.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:13:35]:
You can learn more in our interview and, of course, in the link, and there is there is, of course, always interest in working with us. Go down here in the show notes or reach out to us at at stutterbreak.o. As we said, our sub stack, or you can find all options to follow us on Linktree. Chris, I hand the ecosystem over to you.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:13:59]:
Yes. So this is where we, zoom in from some of the most general news about startups and the entrepreneurial scene to some of the most specific German news. So let's start with a worldwide worldwide view. TechCrunch writes about defense tech. Led by Anduril, defense tech startups secured an unprecedented funding in 2024, highlighting a search and investor interest for security and military innovations. The this funding boom underscores the growing intersection of advanced tech and national defense. Start ups in that sector are now armed with cash. Little wordplay here.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:14:43]:
But, I mean, it's also a rather serious topic because the, situations in the Middle East and in the Ukraine with the Russian war definitely contributed, to the rise in funding in this sector. Crunchbase writes about biotech and health care funding surges. They have also seen a significant rise in funding driven by demand for innovative solutions in AI driven diagnostics, in therapies, and digital health. And, start ups across Europe and North America are leading this funding resurgence. Healthy and westmans equal healthier returns. Another wordplay. In Europe, we see, an article from PitchBook about European AI VC mega rounds also surging. European AI, startups are enjoying a search of VC Mega Rounds as investor appetite grows for advanced AI technologies.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:15:44]:
There are countries like Germany and France leading the charge, with funding rounds often exceeding €100,000,000. And, yeah, Europe's definitely having a seat at the table when it comes to AI solutions. But we also saw reports about AI startups often stumbling when scaling their enterprise go to market strategies. So, yeah, as a as a whole, AI is used as a buzzword that very often does not have a lot of, like, practical solutions yet. But industry insiders suggest a mix of pilot programs, iterative sales approaches, and understanding enterprise decision making timelines to crack the code. Startups like those headquartered in Munich and Berlin have particularly excelled in creating value driven partnerships by aligning deeply with enterprising needs. So winning big contracts isn't about AI buzzwords, as we said, but solving real problems, which is a hard truth for many founders. More about that, you can read at speedinvest.com.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:16:48]:
Tech AU writes about innovation during Europe's in driving sorry, driving Europe's space industry. The European Space Startups are driving innovation with advancements in satellite technology, reusable launch systems, something we know also from SpaceX, from Elon Musk, and AI for space applications. An article in Tech EU highlights how ESA, which is the European Space Administration Administration
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:17:15]:
Agency?
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:17:18]:
Which is we cut that. Which is the European Space Agency. They back accelerators that are fostering a new wave of space entrepreneurship. So, yeah, Europe seems on a rocket fueled start up trajectory there. Sifted, writes about European HealthTech and their funding trends because we see that health tech startups across Europe have seen steady investor interest, focusing on areas like AI powered diagnostics, telemedicine, and digital health platforms. Even though we see economic challenges in a couple of the biggest German, the biggest European economies, we see that the sector continues to attract funding, particularly in Switzerland and Germany. In Germany, though, we already talked about in the political arena where Germany's main parties are galloping up, for the snap election, which right now is planned for February 23rd, following the collapse of chancellor Olaf Scholz's coalition. So he is a social democrat, only the 4th one of his party who ran the country so far.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:18:31]:
And fun fact, none of these 4 actually finished their, terms as intended. So they all had, snap elections or had, other issues. The conservatives who are being led or the biggest opposition party right now who are being led by Friedrich Mads, they proposed tax cuts, lower electricity prices to spur growth, but also a lot of critics argue that their plans lack detailed, funding. Meanwhile, the Social Democrats and the Greens are advocating for to reform the so called debt break in Germany, meaning basically meaning, okay, let's get more loans in order to invest in infrastructure and, education. So we will also see that key campaign issues might be, migration and the situation in the Ukraine. We already talked about briefly about the Ifo Institute's Business Climate Index. In December, it dropped. It fell again and signaling a continued pessimism among businesses regarding the economic outlook.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:19:42]:
Challenges are rising energy costs, inflation, as I said, the political situation. And so, yeah, Germany's economic mood definitely needs a New Year's resolution or at least a little, like, New Year's Eve pick me up drink, maybe. Tech EU writes about how the European u no. How EU Inc, unveils a pan European startup entity. The European Commission unveiled a blueprint for a new pan European startup entity entity designed to streamline support for scaling startups. The initiative will include funding, mentorship, and regulatory harmonization across EU markets. And, yeah. So the European Union startup world is also becoming a bit more of a union here.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:20:34]:
Support for female funders, is a topic of Wirtschaft Aktuel, and especially Germany, there is extending funding programs in order to support female scientists transitioning into entrepreneurship. It's, yeah, one of the few concerted efforts to close gender gaps in start up funding, especially in the STEM field here. Factory Net is writing about AI adoption in Germany and, especially a new report that reveals that 1 in 5 companies in Germany has integrated AI solutions, marking significant progress in tech adoption. However, smaller firms still face barriers like lack of talent implementation cost, and bigger companies are a bit further ahead. VC Margazin writes about Bavarian startups, which are set to benefit from a 70 50 €750,000,000 funding injection aimed at boosting innovation and growth in key sectors like AI, biotech, and energy tech. So, yeah, Bavaria also has a reputation for being one of the economic powerhouses of Germany. Maybe be now they also become a European startup powerhouse. Handelsblatt writes about the German government easing financial market access, because the German government has introduced reforms to simplify those, or this access, in order to attract more investments and support start ups better.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:22:07]:
This time it's an initiative focusing on reducing red tape and boosting competitiveness for growth stage companies. Yeah. We will see how the political Berlin is being able to keep the capital for the start up scene, especially also in the capital flowing. HTGF, the high-tech Grunderfon in Germany, writes, has a new managing director, Achim Ploom. It's probably Germany's most prominent early stage investor. And, yeah, Ploom's leadership will focus on strengthening the fund's role in scaling innovative startups across Europe. And last but not least, Handelsblatt writes about the stagnant investments in many startups since Germany startup ecosystem faces still considerable headwinds amid the economic and political uncertainty, prompting high profile voices like Verena Pauster to call for stronger government support. The report highlights the need for systemic reforms to boost innovation.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:23:19]:
That was all I got about the ecosystem. Now let's look at specific spaces and places in Germany. Let's have a look at the hubs.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:23:27]:
Yes. Of course. As always, they're more in the order we found them than any other thing. Of course, Frankfurt Online leads to charge again. 21 x receives regulatory license. A Fintech startup focused on decentralized securities trading is, hang on. Madu, we're going to cut this out. Nope.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:23:53]:
Sorry. I'll restart. 21x, a fintech startup focused on decentralized securities trading, secured its regulatory license, paving the way for its launch in Europe. The approval marks a milestone for decentralized finance adoption in regulated markets. Mannheim, Business insider writes, Snox acquires oceans apart. Mannheim based Snox, an ecommerce brand specializing in socks and apparel, has acquired insolvent competitor, Ocean Support. The deal reflects Snox, a crisis growth strategy, as its transits its mock positions amid retail consolidation. To the, in.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:24:37]:
Desk now files for insolvency. Based startup, Desk now, a provider flexible workspace booking solution, has entered its solvency proceedings despite initial traction during the remote work boom, financial difficulties, and market saturation has taken their toll. Desk now joins the pivot or perish club for start ups. Aachen, the next web, writes, fiber code secures 20,000,000 for advanced fibers. A spin out focus on advanced material rate 20,000,000 to accelerate the production of its high performance fibers for aerospace and spacecraft. The start up aims to revolutionize lightweight solution and advanced engineering industries. Lubeck. Lubeck.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:25:21]:
Ln. Lubeck and Acheson, I do believe, ln online pure foods insolvency situation. Lubeck startup, Irfood, known as Specializd Nutrition Solutions, is navigating insolvency under court supervision despite financial troubles. Discussions are ongoing to structure and save the business. A spoon of hope may it have to be curved for the struggling food tech. Chris, you wanna take Austria?
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:25:50]:
Yeah. Let's go further south. In Austria, we see that the Austrian software startup Firestar has solved for insolvency, following the challenges of repaying a COVID 19 relief loan. FireStart had strong early growth, but market pressures and repayment issues then led to financial struggles. We also see that UB files for insolvency. It's a BTEC startup, and, they had challenges in scaling its precision beekeeping solutions. So, yeah, even agritech, startups relying on niche innovations are struggling a bit here. And we also see that WoodSpace raises an 8 figure investment, so there's Happier News, on that side.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:26:40]:
It's a prop tech startup, and they are going to expand its sustainable timber construction solutions. So it's also also very nature driven. Austrian startup scene this month is all about nature. The, investment will help the company meet rising demand for eco friendly building alternatives. Moving on to the west of Austria. In Switzerland, we see that this month we have no giant news there. We have several big fundings in Switzerland in our upcoming section further down, though. But that allows us now to look for VC news and new funds in case you're looking for money.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:27:22]:
It's only a small selection. Let me quickly run through it. Alstom Capital, the venture capital form firm funded by billionaire, Carsten Maschmeyer, has successfully raised €175,000,000 for its 3rd fund. Focus remains on European tech startups with a particular emphasis on scalable business models in Fintech and HealthTech. Berlin based VC firm, Fly Ventures, announced €80,000,000 in for a fund targeting technical founders building deep tech solutions. The fund reflects a growing appetite for tech heavy, high risk investments in Europe. And yeah. So we see that 5 Ventures isn't just investing.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:28:05]:
They are soaring into the deep tech frontier. Sorry. I kept a couple of the jokes to myself for the other ones. But yeah. A prominent German VC firm has brought founders from SumUp and FELIX, FELIX, f e l y x, on board as partners to strengthen its leadership team. This move highlights a growing trend of VCs incorporating operational expertise to support for portfolio startups more effectively. We see that not the NATO Innovation Fund has outlined its strategy for 2025. They're going to focus on investments in defense and dual use technologies, which probably isn't too much of a surprise given what NATO does.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:28:50]:
The initiative will support deep tech startups across Europe to bolster national security innovation. An ousted CEO is plotting a return to the company they founded and leveraging shareholder support to reclaim leadership. That is basically the story of Grover, a story, yeah, that reflects common founder investor conflict at startup scale. So we will see how that comeback is going to come to pass. Yahoo Finance has a bit more about that in our show notes. And Berlin based travel startup, Omeo, reported over 30% cent growth in 2024, achieving profitability after years of scaling. It's all due to strong demand for its cross border travel booking platform. And so, yeah, we are happy that we have a success story here.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:29:45]:
Moving on to a couple of industries now. Green Tech first.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:29:50]:
Yes. Green Tech. We do have some particular news here. There was an article in, attacking unicorn, And, the data they used appear to have been just a piece of the overall information. So Philip Schroeder, the founder of unicorn hits Bob back publicly on LinkedIn. Philippe Schroder highlights via business, news via Business Insider from 2 reporters showcasing that they simply misunderstood the internal documents they have obtained. Also, they did not take into consideration the current market environment. Learn more on his link directly.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:30:31]:
A new section, biotech news, to get, like, all the big fundings in there, especially concerning Switzerland. Kimeo signs 300,000,000 agreement. The Swiss biotech startup, Kimeo, has signed a 300,000,000 partnership with Japanese pharma giant, to advance a cell therapy technology. FinSMEs writes about Nuema Pharma extend its 0 speed to 147,000,000 to accelerate the development of treatments for central nervous system disorders. Startup Tika. That news is double. Sorry, Madu. We checked this out.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:31:16]:
Transcript. Bayer opens CoLab Incubator in Berlin. Bayer, the large, former former and, I would say, chemical company has launched CoLab Berlin, a new biotech incubator designed to accelerate startups developing health and life science innovations. The initiative underscores Berlin's growing status as a hub for biotech entrepreneurship, a shot of innovation straight into the veins of the startup scene. Handelsblatt, Germany's top biotech startups. Germany's biotech sector is buzzing with potential featuring 5 startups identified as major hopes for investors. The list includes companies tackling health care, diagnostic, and biotech manufacturing. Bio biotech isn't just science.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:32:04]:
It's serious business. Let's go a little bit into the Fintech news. BTC echo, Bitpanda launches trading platform for pros. Austrian Fintech Bitpanda has unveiled a new platform tailored for professional crypto traders offering advanced features and tools. Finance forward. Stringman twin finance forward. Stringman twin back. Again, finance forward.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:32:30]:
Stringman wins back Fintech. The Stringman twins, famous for backing BioNTech, are now turning their attention to Fintech Investments, boosting several prominent German startups. Their involvement highlights growing institutional confidence in Fintech innovation. When billionaires bet on Fintech, everyone should pay attention. Plus, we have them on the radar since at least 2020. If you've been following our blog back then, we had a, a blog post about the twin the only self made twin billionaires in the world who have been backing, then barely known company called BioNTech, to prepare them for their Nasdaq IPO. Finance forward, the biggest Fintech flops, a roundup of recent Fintech flops revealed reveals challenges facing even the most promising startup from regulatory hurdles to scalability issues. The failures offer valuable lessons on product market fit and funding reliance in turbulent markets.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:33:37]:
Finanzina, Scalable Catable Scalable Capital launches its own exchange. Scalable Capital, a German Fintech leader, has launched its own exchange in partnership with Deutsche Bank to simplify investing for retail clients. The move aims to increase markets x market access while reducing trading costs. Raisin is unicorn again. After correction where we, I do believe, blocked about it, the valuation of holding of, of investors raising lost its unicorn status. So it was just a booking correction of one of the holdings for one investor that we're aware of. But after secondary transaction just recently, it is now valued at above 2,000,000,000 US dollars. Liquid launches new investment product, wealth management Fintech Liquid has unveiled a new investment vehicle aimed at high net worth individuals.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:34:36]:
The ELTIF product offers access to private equity and alternative assets, strengthening strengthening liquid's value proposition in Europe's wealth management market. Financing as SMAVA sale nears completion. The fintech leader, SMAVA, reportedly in the final stages of being sold with the debates over realistic valuation dominating discussions. The deal reflects a cooling trend in Fintech m and a, where buyers are pushing for lower valuations. Founders repurchase right. The richer founders of of start up right have repurchased their company after earlier selling to investors. Move highlights founders driven turnaround as a growing trend in the European start up ecosystem. That was already a lot.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:35:26]:
Let's go a little bit into the general news, but I do believe that is something where Chris could take over, and then I'll be joining him again.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:35:35]:
Let's do it. So manager Magat Zinn, writes about the Munich based flying taxi startup, Lilium. We also talked a lot about it. And the fact that Lilium is facing a class action lawsuit in the US over allegations of misleading investors regarding its financial performance and timelines. The legal challenges add pressure to the already struggling company there. Germany's transport minister Volker Wissing, now without a party since the coalition, broke apart, and he decided not to stay with the Liberal party, the business friendly partly party. He announced plans for air taxi test tracks to launch by 2026, supporting innovations in urban mobility. The initiative aims to position Germany as a leader in next generation transport solutions.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:36:23]:
AutoOne Group, Europe's leading online car marketplace, has officially entered Germany's MDACS index. So that is equivalent to what in the US? I have no idea. It's a medium sized company.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:36:36]:
Yeah. Mid midcap index.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:36:38]:
Mid cap index. Signaling investor confidence in its long term growth. The Berlin based company's rise highlights the demand for digital automotive plat platforms. More about that at is at stocks.com and startupradio dot, startupradi startuprate.i0, which is our site. Then, Delivery Hero's sale of Talabat was priced at the upper end of expectations, signaling strong investor demand for food delivery assets. It boosts Delivery Hero's liquidity as it continues focusing on core growth markets. So, yeah, it's still, a very active start up industry there. Ex Sono Motors CEO, Lauven Hahn, launched Alright, a new electric mobility solution aiming to tackle Europe's urban transport challenges.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:37:32]:
He's expected to leverage lessons from Sono there, and the Munich based start up focuses on affordable sustainable e mobility options. ESA and Unterneema TUM and TUM, TUM, being the Technical University of Munich, have partnered to launch Europe's 1st scale up accelerator program for space start ups. The initiative focuses on helping scale ups bring advanced space technologies to market faster. Staffbase cofounder Martin Boehringer confirmed the company is exploring an IPO aiming to capitalize on strong demand for internal communication software. It's a chem candidates based unicorn that has seen rapid growth and positioning itself as one of the global leaders in employee engagement tools. Now back to you. You're still on mute. Now back to you.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:38:34]:
ESUT, Hellsing launcher smart combat drone, HX 2 Karma, German defense startup, Hellsing, has officially unveiled the h HX 2, an intelligence combat drone designed for advanced military operations. Trending topics. NXRT moves into military tech based in Austria. They are pivoting into military technology planning, new solutions for defense defense related training applications in 2025. Handelsblattformer SAP employees launched rival startup. They're developing a direct competitor to SAP's market leading enterprise software focusing on improved usability and speed. The startup aims to challenge SAP's dominance by offering a more agile alternative for business. Also on Handelsblatt, Onefootball's strategy shift, Berlin based Onefootball is overhauling its business model to achieve profitability, focusing on paid features and partnerships.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:39:42]:
The football centric app aims to recover from recent losses by per prioritizing, sustainable revenue streams, 1 football may finally get back to the pitch. IT notes, Markt d e, acquires DHT24, Germany's classified market sees further consolidation as MarktDE acquires competitor dhd24.com. The acquisition strengthens MarktDE's leadership in the growing digital classroom wide segment. Deutsche Bahn and Flixteen performed poorly in EU rankings. Deutsche Bahn and Flixteen scored poorly in European comparison of rail service quality and efficiency. High ticket pricing delays and inconsistent service contributed to the low rankings. Finance forward, CEO discusses restructuring. CEO, Hubert Bunning Bunning highlighted the company's turnaround strategy, emphasizing operational efficiency and streamlining product focus.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:40:48]:
The fintech is positioning itself to regain trust and market share after facing significant headwinds. From fintech trouble to fintech triumph, we will see our take on the story where we talk about, UNSA, which is bay basically KKR's failed buy and build strategy in the payment space. Let's go a little bit into creative destruction before we are done for the day. Investment check. CASC, c a s c, files for insolvency, a startup in Germany's industrial sector, has filed for insolvency amidst liquidity issues. One motion's find investor post insolvency, Berlinberg's cargo bike startup. One motion has successfully found a new investor following its insolvency. Efara, German ebike startup, files for insolvency.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:41:40]:
A promising ebike startup has filed for insolvency despite unveiling a new model just weeks prior. Market saturation, production cost, and reduced consumer demand are cited as key reasons. And, Chris, we want to end today and on a high note with the access. Right?
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:41:59]:
Yes. And here, we have a lot going on this month. The news here and their total value show how resilient their start up scene is. So keep in mind, this is only a small selection. We only included selected fundraising above €10,000,000, Swiss francs, or US dollars. So let me give you a couple of these successful fundraisings and exits that we found. German startup GeeX, a telecommunications platform, raised €73,000,000 in funding to scale its telecom as a service model. They are enabling companies to offer their own branded mobile plans.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:42:35]:
Swiss robotics startups, Annibotics Annibotics, sorry, raised €57,000,000 to expand operations and advance its autonomous robot solutions, particularly targeting industrial and inspection use cases. And they're aiming at global growth there. Berlin based CoachHub, a digital coaching platform, secured €40,000,000 in financing from HSBC Innovation Banking UK to fuel its global expansion. The investment reflects a booming demand for digital learning and professional development tools. Berlin based Koro, an ecommerce startup specializing in healthy foods, secured €35,000,000 in series c funding. They are going to expand its product range with the money and, growing their European presence. Munich based Planet A Foods, a creator of sustainable of a sustainable cocoa alternative raised $30,000,000 to scale production and meet rising demand. So there we also see that there might be a broader trend towards feud and feud food innovation.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:43:43]:
MoneyCap, writes about LEOOM, a clean energy startup that secured $25,000,000 in a series a funding to accelerate its innovative technology development. The investment will fund here expansion into European and global markets and targeting sustainable energy adoption. The Baller League, which is a European sports start up, secured $25,000,000 to expand its franchise model into the UK and US markets. So, yeah, here we see, that there is a worldwide growing interest in alternative sports leagues. Swiss based Embotech, an autonomous driving start ups for logistics, raised CHF23,500,000, an investment that will be focused on enhancing efficiency industrial logistics, and they will develop scalable solution for self driving systems with the money. Berlin based, Cargme, we already talked about it in the highlights a bit. It's a carbon management platform. They raised €20,000,000 in series a funding to drive AI powered innovation and emissions reduction, and funding that reflects increased demand for enterprise solutions addressing ESG requirements.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:44:54]:
Munich based Apaleo, a property management serve software as a service provider raised €20,000,000 to fuel its growth across European hospitality markets. That startup is focusing on to on enabling Hoteliers to streamline operations via API powered tech. Aachen based Fiber Code raised raised nearly €20,000,000 in a series b funding. They're going to take the money to scale its production their production of high performance fibres for industrial and aerospace applications.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:45:27]:
German based this out. I think we already had this, for Aachen. Madhu, please cut the the fiber code out. Oh, it's I I already read this for Aachen.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:45:38]:
Oh, German based Neo Plus Made raised €18,000,000 to advance its medical technology, particularly in plasma based therapies, money that will be used to accelerate product development and clinical trials. And Munich Munich based Tredium raised €30,000,000 to continue developing its ESG focused property platform. Zurich based Relay, r e l a I, a Bitcoin focused start up, secured $12,000,000 in a series e funding to drive, European expansion. Relay is working on simplifying Bitcoin investment, investing, and that funding emphasizes the growing popularity of Bitcoin services in Europe. Swiss based Brytea, a Fintech startup offering digital financial digital financial solutions, raised $10,000,000 to expand its offering and scale operations, highlighting a growing investor appetite for Fintech innovation, particularly in Europe. SpotMyEnergy, last but not least, reports a €10,500,000 funding round within the energy tech space, that a space that is always looking for sustainable innovations. Startups tackling energy efficiency and carbon management are seeing strong investor interest. Spot My Energy is proving that.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:47:05]:
And that leaves us with some mergers and acquisitions news.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:47:11]:
Yes. Thank you. HTGF Cloud Software Group Acquires Device Trust, the, portfolio company backed by High-tech Chona Fon. The deal showcases strong exit opportunities for German enterprise security startups. TechCrunch, MIRAKL, m I r a k l, acquires adsberg, a startup specializing in ad optimization technology. The acquisition aims to enhance Miracles marketplace ecosystem by integrating AI driven advertising tools when marketplaces meet smarter ads. And as for what, Pacquatum acquires Easybill, a German invoicing software providing to expand its ecommerce service ecosystem. The move consolidates Pataco's strategy of offering end to end tools for online businesses.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:48:13]:
Nomadia acquires German Koradin Koradinate? Koradinate. Yeah. French based, Nomadia has acquired German company Koradinate, expanding its geographical footprint and capabilities in workforce management solutions. Chris, that was a lot, but I do believe that's a wrap.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:48:33]:
It was a lot, and, it was a wrap for December. It also was a wrap for 2024. Challenging times ahead.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:48:45]:
Stay warm. I don't know what else
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:48:47]:
to say. And, stay confident, I would say.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:48:51]:
Yes. And everybody, merry Christmas. Happy New Year. Enjoy the holidays. Get some energy. The New Year will not get easier.
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:49:00]:
Thanks for listening. Bye.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:49:02]:
Have a good day. Bye bye.
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