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This Month in German Startups — February 2021
Welcome to This Month in German Startups by Startuprad.io — in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main.
Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.
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Why not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates “Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlB
Recommended by: Jeff Bezos “Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKe
Recommended by: Elon Musk “Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhw
Recommended by: Tony Hsieh “Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQ
Recommended by: Warren Buffet “Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06
Recommended by: Tim Cook “Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn
Housekeeping — Time to brag
Stay safe everyone!
In the meantime, you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! We will soon be available on many platforms, for now:
Top News
We have two new tech billionaires
The IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany.
Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5j
Reuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSm
Read more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA
Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO
N26
German regulator, stung by past failings, extends oversight of N26 — sources https://buff.ly/2Ymp88F
German mobile bank N26 is thinking of making its first acquisition https://buff.ly/3ckRpVq
Trade Republic, Reddit and GameStop
Berlin-based SolarisBank needed four years to get to 400k customers, but the next 600k came within half a year says their chief commercial officer Jörg Diewald, many of them have to be attributed to Trade Republic https://buff.ly/3oEKLMc
Our take on this topic: https://www.startuprad.io/berlin/gamestop-reddit-and-fintech-trade-republic/
Note: There will be a follow-up on yet another blog post from our side, with hearings of Roaring Kitten and profits for hedge funds.
We’re nothing like Robinhood, says Berlin-based broker Trade Republic | Sifted https://buff.ly/3bAqNOq
iCar
Porsche’s Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company.
Is the iCar around the corner? https://buff.ly/36x2SNM
Game over for Mapify?
Founders of Berlin-based traveltech Mapify “the Instagram of travel” give up “evaluating options.” Their current investors include Lakestar and Atlantic Labs https://buff.ly/39BbzZp (We will come back to Lakestar, keep them in mind).
AdJust Exit for 1.2 bn US$ (990 m Euro)
AppLovin buys Berlin-based mobile marketing company AdJust and pays 1,2 bn US$ https://buff.ly/3pQCm9P according to Deutsche Startups, who published the price
Related: Apploving said to acquire Berlin-based Adjust in a 1 bn $ deal https://buff.ly/2NVhrV2
Wirecard
We keep you updated, just a small selection of news here.
Keep in mind there is still an investigative committee ongoing.
Deutsche Bank fires supervisory board member Schütz over email correspondence with Wirecard CEO Braun https://buff.ly/3tGjs7Q
German finance oversight BaFin places one employee on leave due to internal investigations in trading in Wirecard shares before the scandal became public https://buff.ly/2YywIgG
Germany’s highest court ruled that EY auditors have no right to refuse to give evidence, now the parliamentary committee will invite the auditors and EYs CEO for Germany https://buff.ly/3s01zzi
The Digital Euro
ECB keeps working on digital Euro. Italien central banker said the ECB is looking at the digital Euro for their instant payment system “Target Instant Payment Settlement TIPS” as a first step https://buff.ly/3ji4xMJ
The Video Interview is set to go live on February 25th, 2021, at 17.00 CET (Frankfurt/Paris/Zurich)
The Audio Interview
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Good Pods
Ecosystem
Why we need to start looking at Europe as one tech ecosystem https://buff.ly/3cdZWJU
It’s IPO time! Here are 30+ European tech companies most likely to go public this year great list by Tech_eu https://buff.ly/39lB3de
including German startups Auto1, SUSE, Mister Spex, About You and N26
What U.S. Startups Get Wrong About Expanding into Europe https://buff.ly/3rIR5EA
Iconiq Capital, the US investment firm backed by Silicon Valley elites like Mark Zuckerberg, is expanding to Europe https://buff.ly/3anUdj4
Hubs
Note: The order of news and cities is only due to the time when we discovered the news.
Heidelberg
Aleph Alpha, Heidelberg-based AI startup raises 5.3 m Euros (6.4 m US$) from investors LEA Partners and #Berlin-based 468 Capital https://buff.ly/2YhD0kL
Frankfurt
Startups in the Area around Frankfurt, called Rhine-Main raised more than 1 bn Euros in 2020 our research shows (1.12 bn US$): https://rhinemainvc.medium.com/looking-back-at-the-corona-year-4a8e8806e4cf
Lakestar SPAC I: First tech-focused SPAC in Europe successfully launches on the Frankfurt Stock Exchange https://buff.ly/3aGFQXn
We talked to one of the founders of Frankfurt-based Iconic Lab, which wants to be the largest crypto asset manager in Europe: https://buff.ly/3dBR94V
Münster
The founders of beverage delivery startup Flaschenpost just sold their company to German food giant Oetker, now they invest in an HRtech startup from Münster — Echometer, which better enables agile work https://buff.ly/2YfmTUO
Tübingen
Germany #BioTech #startup Curevac, which listed on NASDAQ in summer 2020 — working on a corona vaccination — is planning to raise additional capital, which could amount to 600 m US$ https://buff.ly/3t1PkDS
Düsseldorf
Düsseldorf-based SME financing platform Compeon closes 15 m € Series C #VentureCapital funding with government-backed NRW Bank joining previous investors including Quatar Development Bank https://buff.ly/39tdJu7
Munich
Egym receives 28 m € #VentureCapital for the production of connected gym equipment. In spring 2020 they had to let go 100 of 450 employees https://buff.ly/2O3hmyP
Austria
Australian Unicorn Canva buys Vienna-based Kaleido AI. Kaleido offers a service where one can automatically cut the picture of a human out of the background https://buff.ly/3aIohVL
Austrian crypto startup “Startup Hero” issuer of the Herocoin gets acquired by international gambling group Novomatic, also from Austria https://buff.ly/3d695nY
Switzerland
Swiss listed travel portal HolidayCheck raises 47 m Euro by selling new shares https://buff.ly/2Z5td1z
Liechtenstein
Liechtenstein-based VC MIG gets 340 m € payout from their investment in Mainz-based BioNTech https://buff.ly/3jjsHq3
Companies
Fintech and Cryptocurrencies
Mastercard to open up network to select cryptocurrencies https://buff.ly/3d0AzLM, but not the ones you may think
Mastercard will support cryptocurrencies — but not the ones you think https://buff.ly/3p9MTvD
Finleap was once a fintech company builder in #Berlin with 80 employees at peak. Now there are around 20 left to manage existing investments and there may be 20 more work on innovations for corporates in the future https://buff.ly/3u1BrWE
Here’s why the former Global Head of Google Payment, former COO of Venmo have backed the €20M Seed round of this fintech https://buff.ly/2M9YoWs
Funding News (a very tiny collection, of what we see)
Follow us on Twitter to stay up to date here.
Berlin-based #traveltech Getyourguide fills war chest with additional 80m € loan, after a convertible of more than 100 mn € last year, looking for targets https://buff.ly/3s8x5LP
Autonomous driving startup Recogni, with locations in San Jose and Munich, gets two new investors Bosch and Continental are investing together, this is new for German OEMs https://buff.ly/3k62Q52
New VC Funds
#Dublin and #London-based #VC firm Frontline has raised its third seed fund of €70m to invest in #B2B #startups across #Europe looking to take on the US. https://buff.ly/3tGEGmm
Eurazeo gets €340 million in additional commitments to its growth strategy — tech.eu https://buff.ly/2YOrqxO
TCV Captial raised 4 bn US$ #VentureCapital fund, aiming for German #startups https://buff.ly/36nPBHw The VC’s past investments include Netflix and Airbnb
SPACs will be here pretty soon!
Lakestar plans to raise 200–300 m Euros for a Special Purpose Acquisition Company (SPAC) to be listed on a German stock exchange https://buff.ly/2MI3w47 — Listing already happened by now ⇒ Frankfurt News
Rocket Internet plans to list a SPAC in New York, with a volume of more than 100 mn Euros https://buff.ly/3a2vT6b
Technology SPAC Rocket Internet Growth Opportunities files for a $250 million IPO at #NYSE — backed by #Berlin-based #RocketInternet https://buff.ly/2LGkeRp
More exits
Kinnevik, once an important and trusted Rocket Internet investor now wants to sell all Zalando shares worth 5,5 bn € (6.6 bn US$) https://buff.ly/2Zt6o89
Shell buys Berlin-based electric car charging firm ubitricity https://buff.ly/3pZWd6A
Not a direct exit, but preparing for some:
Berlin Brands Group commits $302M to acquire D2C and Amazon merchants — TechCrunch https://buff.ly/3t7hc9o
Berlin-based startup Branded raises 123,5 m Euros (150 m US$) to buy up Amazon Shops https://buff.ly/3jyi7LW
German home appliance company Miele buys majority stake in #Berlin-based Kptncook, in which they have already been an investor. Kptncook offers recipes in their app https://buff.ly/3a57j4F
All Other News
MDAX listed tech company Teamviewer want to grow their revenue in the next two years to 1 bn Euros https://buff.ly/3jCfzws
Home24: Growth slows from +54% in Q3 to +50% in Q4 read more here: https://buff.ly/3tM6upb
The 1st Unicorn by #German #investor Carsten Maschmeyer in the USA / Startup “Modern Health” with 1.17 … https://buff.ly/3dbD6TH
Germany based HDI insurance (a subsidiary of Hannover Re) wants to invest more in startups — especially #cybersecurity https://buff.ly/2Nzjiyw
Zalando interested in buying beauty platform Flaconi to add to their second foray in beauty https://buff.ly/3u5WPdi
Quandoo, the #Berlin-based platform for table reservations axes 20% of their workforce https://buff.ly/3pDnrjq
Stay ahead of the curve
Venture Capital and Private Equity Funds trends for 2021 https://buff.ly/3bdMIKW
Transcript
Intro
[0:00] Music.
[0:08] That I owe you were podcast and YouTube blog covering the German startups.With News interviews and Live Events hello and welcome everybody this is Joe from startupradio Deo year startup podcast and YouTube blog from Germany.Again in transatlantic news recording welcome to this month in German startups again with Christian in New York and ifwatching this on YouTube you will totally notice and hopefully also when you’re listening that we do have a new tool so basically,you can we don’t have the issue that somebody’s that we cannot do to crosstalk but we can now talk at the same time and we can edit it together so no more doing stupid stuff and making the other the other laugh right Chris.Yeah so yeah definitely a feature that so many people were lacking wondering when can these two dudes finally talk.Simultaneously apart from that welcome from New York I have to apologize for my really weird masks me I think I should like sit like this doll time for people watching this I hope more people just listen to the audio.Anyway but that that also means you get out a lot right.
[1:28] I talk to people you do a lot of reporting out there with with masks at least yes and nonetheless greatly appreciate it there you go yes.
[1:41] Let’s start yes let’s start today we are wrapping up February 20 21 on the 23rd.February yes it’s not the whole month but the next the news we still find will go into the March news there’s great news in The Germ startup scene the much-anticipated IPO,of order one generatedtwo new tech billionaires in Germany that’s the first in a very long time your first Europe’s first tech spec special acquisition company lists in Frankfort.More wake up details emerge we talked about right Republican GameStop as well as.The billion exit of berlin-based adjust you can find us here on Instagram LinkedIn or Twitter.If the to you using this to watch or to listen permits this and we now have a Google Calendar where we post even a few weeks ahead all the content will be publishing.Housekeeping time to brag first and foremost.Stay safe everyone this is the day we recording this that it became public knowledge that half a million Americans passed away from Corona so guys please stay safe wherever you are on the world.
[3:03] In the meantime if you’re at home you can tune into our internet radio station the world’s first 24/7 dedicated to startupsand tech companies we will soon be available on many platforms but for know we are available onradio with a double D dotnet down here in the show notes you can,find the link of course credit.I totally do think you have some top news for us right yes so we have two new tech
Top News
[3:39] billionaires because the IPO of Auto one went spectacularly well and Skyrocket on the first day of trading on February 4th.Surging 45%.We took a look at the data and realize that this was the first tech IPO in a very long time that generated new tech billionaires in Germany.I guess probably here also the covid and Corona effect that a lot of people probably might be thinking about getting themselves a car might have helped as well.We have a couple of background and more detailarticles about this for example with Bloomberg who’s headline was SoftBank backed Auto One sores in deeb you after 2.2 billion billion dollar IPO.Highlighters had a little had coverage saying Auto One shares go into Top Gear and Frankfurt debut.
[4:33] And we have some more in our own blog post at recording this audio one IPO turns Founders into billionairesthe story from topa outside of from the angle of one of the First Investors how the C fund D and capital invested in car Marketplace Auto one eight years ago and later landed and 8 billion IPOwinner also for this we have a link in our show notes.
[5:02] Moving onto n 26 A Bank we’ve been talking about quite often on this podcast used to bethank now trying to establish a new way of banking whilst having some growth pains along the way every now and then and nowwe have news of them getting some more control the German regulator stung by past failings extends over side of n 26.Sources say this is an article also from altars and we have.Rob better news for them coming from CNBC who have a story written saying that German Moeller bank and 26 is thinking of making its first acquisition.And giving some more detail about M26 for example the fact that they raised so far eight hundred million dollars in investment moneyand that the company is planning to hire an additional 200 employees this year whilst also having their eyes on probably expanding tool Brazil.Back to you.
[6:22] Thank you as it it was almost unable to escape the Reddit games.Story we have of course the German take on this we’ve been looking at try to Republic Reddit and GameStop for everybody who doesn’t know trait Republic it’s somethingpretty similar to Robin Hood headquartered here in Berlinthis there’s some stories about this the berlin-based Solaris bank so the actual bank,behind tried Republic needed for years to get to 400,000 customers but the next six hundred thousand,came within half a year says the chief commercial officer York divided many of them have to be attributed.Try to Republic we also do have a.Take on this topic there will be a follow-up but at this time we strongly recommended not to get into the game stomp frenzy silver or AMC entertainment whatever was traded thereand apparently there was pretty good advice many people really got burned.
[7:38] There is also a lot of reporting on the people who actually did win and of course it includes again hedge fundsalso there is one article from sifted a we’re not like Robin Hood says berlin-based brokered rate Republic.The I car aka the Apple car Porsche Cayenne bossdr. Manfred Hara 48 is hired Away by Apple he was rumored to be one of the best engineers in the company and the article is also asking is the icard just around the corner.We asked is game over.
[8:20] No I’m good I’m just smiling at that because I mean for how many years have we now heard a story about the icard coming and not coming and so.
[8:29] Yeah also also Google car also always frequent topic but if they hire way the boss of a Porsche Cayenne then it should get crazy serious I cannotI don’t think that would that would be cheap higher,Next Top use game over from Mappy fire founders of berlin-based travel check startup mapa five formerly known as the Instagram of travel give up the quoted asevaluating options which usually means that they are also open to sell the company the current investors include like star and Atlantic labskeep in mind like style will get back to them pretty soon again and there is no exit of.
[9:15] Just a d j UST where the A and the J are spelled in capital letters for 1.2 billion US Dollars which is at.Does the data exchange rate 990 million euros.We have seen this in many blocks we have just two articles about that at loving is a US company buys berlin-based mobile marketing companyEd just and paste 1.2 billion US Dollars according to dr. startups who published the price related app loving safeto acquire berlin-based adjust in a one building u.s. dollar deal is another article on that.
[10:00] The Neverending Story of wire caught we keep you updated some small news here again keep in mind that they’re still an investorinvestigative Committee of the German Parliament ongoing the Deutsche Banktires are kind of sidetracks the supervisory board member shouldover email correspondence with wire cut CEO Brown because it cannot really fire a supervisory board member but you can subtract him and make sure he doesn’t get elected againGerman Finance oversight body buff in places one employee on leave due to internal investigations and trading away a card shares just before theScandal became public and Germany’s highest court of have fast songs give a shit.
[10:50] Route that ey formerly Ernst & Young the Auditors have no right to refuse to give evidence now the parliament committee will invite the Auditors andey CEO for Germany I’m really sure all of the participating ey employees really looking forward to this conversationthe digital Euro ECBkeep it working on digital Euro Italian Central Banker said the ECB is looking at the digital Euro for their instant payment system Target instant payment settlement tips as a first step.Chris you got some news on the ecosystem I do believe right
Ecosystem
[11:32] yes I do so in the ecosystem we have a general news about Europe and Europe’s importance within like the worldwide.
[11:46] Seen we have an article they’re coming from.Tnw saying why we need to start looking as Europe as one Tech ecosystem.
[12:01] Then its IPO time here are we have 30 plus European tech companies most likely to go public in 2021 it’s a list by technews,underscore EU and there we also have German startups like Auto one which we talked about as us Isuzu mr. Spex about you and and 26 for us.Startups trying to expand into Europe there is an interesting article about what they put couldprobably get possibly get wrong coming from Harvard Business Review so you know that it has the well-knowndepth that this title is known for.End last but not least we have iconic capital of the US investment firm backed by Silicon Valley Elites like Mark Zuckerberg which is also expanding into Europe.Some additional information there is coming from Business Insider.
Hubs
[13:05] Let’s talk a little bit about hubs as always the orders of news and cities is only due to the time we discovered the news we started with a beautiful city of idol backAlpha Heidelberg based AI startupradio is 5.3 million Euros which is 6.4 million u.s. dollars from investors includingLea Partners in berlin-based 468 capital,of course of course Frankfurt startups in the area around Frankfort called design Mind Race more than 1 billionyours in 2020 our research shows on the author of this go down here in the show notes and you will find it Lexa remember.Spec 1 First Tech focused spec in Europe successfully Launches on the Frankfurt Stock Exchange.
[13:57] Talk to one of the founders of Frankfurt based iconic lab this iconic with a sea instead of a cube which wants to be the largest crypto asset manager in Europe.The Nest lovely city of muenster.The founders of Beverage delivery startup flashing post translating as Message in a Bottle just sold the company to Junk Food Giant Attica now they invest in HR Tech startup for monster called,Echo meter which enables agile work.Let’s talk a little bit about tubingen Germany biotech startup Q of back also one of the companiesbiotech startups working on a cure for all vaccinations for Corona which listed on NASDAQ in summer 2020 working on coronavirus in nation is planning to raise additional Capital which could amount to 6hundred billion US Dollars Dusseldorf very nicely in.
[15:03] I would say north west of Germany Chris would you agree West yeah North rhine-westphalia,Dusseldorf based SME finance and platform campeon closes 50 million euros series C Venture Capital funding with government Bank.
[15:24] Nrw Bank joining previous investors including Qatar Development Bank and there’s minich,Egypt receives 28 million venture capital for the production of connected gym equipment in Spring 2020 they had to let go 100 or 450 employees so it appears,they just turned the corner Christian I do believe we have some other news from german-speaking countries yes other german-speaking countries first of all looking at Austria.The Australian unicorn conv bias the Vienna baseCollide oai collider is a company that offers a service where one can automatically cut the picture of a human out of a background and we have the Austrian crypto startup startup hero and sure of the hero coinwhich got acquired by International by the international gambling group Novo martic or which is also from Austria.
[16:27] So probably they would call it Noble Matic and sometimes it was true and Switzerland the Swiss listed travel portal highly check raised 47 million euros.By selling new shares and last but not least the.Another country with German as an official language but probably not the country with the smallest group of German as an official language which I think must be Belgium.
[16:55] And Belgium has like 20,000 German speakers but Lichtensteinand Liechtenstein has also a venture capital fund called Mig they get a 340 million euro payout from their investment in the minds based bile and technewswhich is the German pronunciation of what Americans.Call biotech and it is the company famous for producing the covid vaccine together.Fisa yes in the u.s. use its always.Heiser the Pfizer vaccine and here in Germany and in Europe they just put it like before it was Pfizer by on.Biotech and know itbiotech Pfizer vaccine here in Germany so everybody puts a little bit spin on this story let’s get a little bit down to companies fintech and cryptocurrencies,
Companies
[17:55] MasterCard to open up Network it to selected cryptocurrencies but not the ones you may.I think related to this master cat will support cryptocurrencies.And there is news on Finn leap which was once a fin tech company builder in Berlin.
[18:18] With,80 employees at Peak now there are around 20 left to manage existing Investments and then maybe 20 more to work on Innovations for corporates in the future,here is why the former Global head of Google payment and former CEO of venmo have back.The 20 million your seed round of this fintech you can read more down here in the show notes and that formulation was not from us but it’s actuallythe article headlinefunding news as always just a very tiny collection of the stuff we find we Chris I do believe we could like.
[19:06] We could like completely fill the startup news just with the funding use right usually yes.So give us two examples or should I go I can go.Okay so we have the berlin-based travel Tech get your guide who filled.It’s War chest with an additional 80 million euro loan after convertible of more than a hundred million euro last year looking for targets,and we have the autonomous driving starter but they cognate with locations and San Jose and Munich,who found a witch found two new investors.In the German car supplier industry Bosh and Continental they are both investing together and which is something new for German oems.
[19:55] Some more information we have though about VC funds and there is a couple of news there Dublin and.London-based VC firm Frontline has raised its third seed fund of 70 million euro to invest in B2B startups across Europe looking to take on the us as well.Zo zo I don’t know all right Zo.God 340 million euro in additional commitments to its growth strategy a art and article that we have from techie you.TC V Capital raise 4 billion US dollars in Ventana for its Venture Capital fund aiming for German startups and this is a big one because that’s past Investments include companies like Netflix and Air B&B.
[20:42] Stacks will be here pretty soon like Star plans to raise 200 to 300 million euros for a special purpose acquisition companies back to be listed on a German Stock Exchange the listing is already happening now says Frankford news and Rocket internetof courserocket internet also plans to list this back in New York with a volume of more than a hundred million euros technology spec rocket internet growth opportunities filed for a 250 million IPO at the New York Stock Exchange.Back by berlin-based rocket internet some information there is are in the show notes as well.And that leaves me with four quick news about exit can ethic.Kinetic wants an important to trusted rocket internet investor now on to sell all the salamander shares.Lando being probably the German version of Zappos probably worth 5.5 billion euros or 6.6 billion US dollars.Shell mineral oil company buys berlin-based electric car charging company.
[21:50] UB TriCity you bitter City.And we already Chris we already talked about this in the past that they easy to pronounce a start-up names they’re totally out right now nobody uses easy thought up names anymore sorry guys that that’s just how they make up the names.
[22:11] I need to do some like tongue yoga afterwards not a direct exit but preparing for some the Berlin Brands group commits 302 million dollars to acquire.T 2C and Amazon Merchants TechCrunch has some more about this and berlin-based branded raises.120 3.5 million euros a hundred and fifty million u.s. dollars to buy up Amazon chops.Last one here the German home appliance company Mila known for like very sturdy product buys a majority stake in the Berlin base.Captain Cook in which they have already been in an investor Captain Cook offers recipes in a nap.
[22:52] Let’s get to all other news M Dax which is like the medium medium decks likethe little sibling of the like the middle sibling of the Dax family there’s the decks like comparable due to Dow Jones with the smaller capitalization our companies in the MDX and with the even smaller capitalization they can get intos Dex that’s it I’m next listed tech company TeamViewer wants to grow their revenue in the next two years to 1 billion euros.Home 24 growth slows from plus 54 percent in Q3 to plus 50% in Q4 read more here.The first unicorn by German invest to a cast and mash Maya who is pretty pop famous here in Germany he’s one of the doctors in Germany’s version of Shark Tank and he’s also saved mebillionaire he invested in a company.
[23:57] Modern Health now valid and 1.17 billion you can redonemore down here and germany-based HDI insurance which means half don’t start touch Industries or basically.It was a company set up for liability claims liability insurance for the German industrynow a subsidiary of Hanover re wants to invest more in startups especially cybersecurity they say andcalendar we just talked about them that one of the investors want out but they’re interested in buying BD platform flat Cooney which of course as you can.Think cells per perfume and stuff like this to add to the second foray into Beauty the first one of course failed.Another name like this 112.Quando quando the berlin-based platform for table reservation access twenty percent of their Workforce.Usually we try to end on a high note sorry we couldn’t make it this time and we have stay ahead of the curve venture capital and private Equity Fund trends for
Stay Ahead Of The Curve
[25:14] 2021 Chris I do believe that was a good new try out for our new recording tool how do you like it.
[25:22] I do like it it’s very unforgiving with my with my acne but apart from that it’s good.
[25:29] Next awesome things will look up 5i things from the eye.
[25:35] Music.
[25:43] Aww that’s start a friendship that I oh remember sharing is caring.
[25:49] Music.
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