DACH Startup News January 2022: Founders, Funding and Ecosystem Updates
Updated: 2 days ago
Welcome to This Month in German Startups in January 2022 by Startuprad.io
What Is This About?
January 2022's roundup of startup news from Germany, Austria, and Switzerland. This edition covers the month's key funding rounds, founder stories, ecosystem developments, and emerging trends kicking off the new year in the DACH startup landscape.
Introduction
January 2022's roundup kicks off the year with startup news from Germany, Austria, and Switzerland. This monthly edition covers the first funding rounds, ecosystem developments, and founder stories that set the pace for what would become a record-breaking year in the DACH startup ecosystem.
January 2022 kicks off what became a record year for DACH startups with the first major funding rounds and ecosystem developments signaling unprecedented activity ahead.
This story was migrated from our old blog, originally published on January 27th, 2022
Welcome to This Month in German Startups in January 2022 by Startuprad.io Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This news roundup is part of our ongoing coverage of Startuprad.io Knowledge Graph: The DACH Startup Ecosystem.
This Month in German Startups — January 2022
We recorded this new episode on Monday, January 24th, 2022. All news not yet included here will be published in our next news episode. There will also be a special episode on Atomico’s State of European Tech 2021 together with Bill, the founder of the IBGR Network, as an audio-only podcast.
This is a new year with 365 blank new pages, so let’s write the best story possible.
Our highlights: The last year was amazing for the German startup scene, there are now officially 25 unicorns and we feel that there will be more. 60 mn for sunfire from the federal government, Go Student’s tutors and students start to critique the company, Tado is looking to IPO via a SPAC. Also, Cherry Ventures had been good in snatching up stakes in unicorns early. Now Cherry raises their 4th fund.
Let’s talk startups:
Our Enablers
Invest-in-Hessen
This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:
The video will go live on Thursday, January 27th, 2022 at 16.00 CET
The audio podcast will go live at the same time
Top News
25 Unicorns And Counting
Meet Germany’s 25 unicorns, including Frankfurt-based Clark (Original Source Removed - Here would be a link to the source) learn more about Clark here (including two one on one interviews with the founder) https://www.startuprad.io/post/frankfurt-has-its-first-unicorn-startup Two in Austria (Bitpanda, Go Student)
Sunfire
Do you know Sunfire GmbH from Dresden, Germany? Well, you should. They raised 109 mn Euros venture capital — the largest fundraising to date for sustainable hydrogen. Now the federal government adds 60 mn Euro in grants for industrializing the process Bund fördert Sunfire GmbH und Verbundpartner mit 60 Millionen Euro - Startup Mitteldeutschland
Go Student faces critique from tutors and students
Online tutoring startup from Austria, Go Student, raises 300 m Euro venture capital at 3 bn Euros (3.4 bn US$) valuation. They inch closer to Austria’s most valuable startup Bitpanda, valued at 3.6 bn Euros ( 4.1 bn US$) Nachhilfe-Start-up Go Student erhält 300 Millionen Euro | FAZ / Critique Nachhilfe-Plattform Gostudent: Lehrer kritisieren Expansionskurs
Tado
Munich-based Tado (a smart home heating control, similar to Google’s Nest) wants to IPO via a SPAC deal at a valuation of 450 mn € ( ~510 mn US$), merging with GFJ ESG Acquisition I based in Luxembourg Heizungs-App-Start-up Tado will per Spac-Deal an die Börse
NeoBroker Wars in GSA Update
N26 publishes details for 2020 (in the news we say wrongly that they are 2021 numbers, sorry!): revenue increases to 110 m Euro, 2,9 m active customers N26 veröffentlicht Geschäftszahlen: Umsatz stieg 2020 auf 110 Millionen Euro, 2,9 Millionen aktive Kunden | FinanceFWD
N26 plans to add 300 people to their team in Brazil, even though they just declared a “Europe first” strategy N26 plant 300 weitere Stellen in Brasilien | FinanceFWD
Former customers of N26 in France sue the neobank. Their account has been closed by N26, they are locked out, BUT they never got their money back. More than 600 are already gathering in a Facebook group Kontoschließungen in Frankreich: Kunden klagen gegen N26 | FinanceFWD
New hires at neobroker unicorn Trade Republic. They hire two top bankers for their management team with experience at Citi, Noris, and Deutsche Bank, as well as Erste Group Erfahrene Top-Banker verstärken Trade Republic | FinanceFWD
The Austrian fintech unicorn Bitpanda now offers its clients more than 1.000 shares and assets for trading and investing Bitpanda: Nun über 1.000 Aktien und Assets verfügbar Just to put this in perspective: The Lipper Funds Database from Refinitive has more than 350.000 active share classes across 80+ markets. So there is still room to grow
New competitors join the market from abroad
NeoBank Revolut starts in Germany with their European banking license going head to head with N26 in the German market. A German office is in planning Konkurrenz zu N26: Neobank Revolut startet mit eigener Lizenz in Deutschland
Also, French fintech Qonto raises 486 mn US$, of which 100 mn US$ are intended to expand their business in Germany Fintech Qonto baut nach Finanzierungsrunde Deutschland-Geschäft aus
Cherry Ventures with a new fund
SellerX, Flink, Auto1, Forto, and Infarm are all unicorns, where Cherry Ventures invested. Now they raise closed their 4th fund with 300 mn Euros (340 mn US$) Cherry Ventures setzt neuen 300-Millionen Euro Fonds auf - Business Insider
Listen Notes (the world’s largest podcast search engine) ranks Startuprad.io as a global Top 0,5% podcast
Housekeeping — Time to Brag
We just put the numbers together, we officially reached more than 5 million investors and entrepreneurs in 2021. We are globally a Top 75 Science Podcast, Top 125 Tech Podcast, and Top 650 Business Podcast. Listen Notes (the largest podcast search engine) ranks us as a global Top 0,5% podcast and Player.fm ranks our Startuprad.io podcast, as well as our sub-podcasts Fintech, Blockchain, Startup News, Deep Tech, and Security Sutra in their top 10 recommendations for Entrepreneurship in Germany!
Thank you, our audience for making this possible and for being one of the thousands downloading an episode each week! We are very happy to have you as fans!
Player.fm ranks Startuprad.io’s podcast, as well as our sub-podcasts Fintech, Blockchain, Startup News, Deep Tech, and Security Sutra in their top 10 recommendations for Entrepreneurship in Germany
Ecosystem
96.000 open positions in IT in Germany, according to the Bitkom association. Also a significant increase from 2020 96.000 offene Jobs: Zahl vakanter IT-Stellen erneut stark gestiegen
European tech 2021: in data European tech 2021: The story in 10 charts | Sifted by Sifted. Just two highlights $113bn raised. 247 $100m+ rounds. 78 new unicorns. You will notice, the data is not matching PitchBook’s or the one from CrunchBase or others …
Sharing Economy in Germany: According to research data by Fraunhofer Institutes, the sharing economy could fail in Germany, because many Germans can not imagine sharing e.g. clothing or other daily items Sharing Economy: Warum der Mensch nicht gerne teilt | FAZ
Hubs
Yes, Michael from Saint Anthony, they are a little bit random BUT we want to draw your attention to the fact that more than 80% of startup activity is taking place outside of Berlin. There are many deserving startups, cities, and entrepreneurs who will never get any English coverage, would it not be for us. This is why this section exists.
Frankfurt
Seed Funding for Frankfurt-based Splitt App (via press release by email. Reach out as well contact(at)startuprad.io). They help to digitize restaurants and bars with online orders and payment processes. They raise six digit seed funding from Venture-Capital-Fonds Hessen Kapital III (EFRE) and Angels Daniel von Wedel, Alexander von Wedel, Olaf Kempin, Michal Jarocki and MR Beteiligungen.
Deutsche Börse (owner of Frankfurt Stock Exchange, Xetra, STOXX, and DAX index families) buys Zug, Switzerland based Crypto Finance AG a marketplace for digital assets only two months after investing in the company (Original Source Removed - Here would be a link to the source)
Multi banking fintech Finanzguru raises 8 mn Euros venture capital Multibanking-Fintech Finanzguru landet 8-Mio.-Funding
COBI.Bike Founder Andreas Gahlert leaves Bosch’s eBike unit, which he joined as an executive with the acquisition of his startup Cobi.bike Ampel-Check: Verkehrspolitik weiterhin nur "ausreichend" - Pedelecs und E-Bikes
Tübingen
Former #biotech shooting star Curevac had to ditch their corona vaccine efforts, now they want to make a comeback with a dedicated Omicron vaccine (Original Source Removed - Here would be a link to the source)
Biotech startup CureVac will start clinical phase 1 trial on corona vaccine of the 2nd generation in Q1 2022 (Original Source Removed - Here would be a link to the source)
Leipzig
Germany’s Lecturio raises €39.89M to accelerate the growth of its medical and nursing education platform (Original Source Removed - Here would be a link to the source)
Munich
Heimkapital raises 300 mn Euros from undisclosed investors to buy shares in homes in Germany Heimkapital erhält 300 Millionen Euro, um Immobilien anteilig zu kaufen | FinanceFWD
Austria
BAMTicketing Vienna-based blockchain ticketing startup raises 1 mn Euros from investors and crowdfunding and wants to take on big clients now B.A.M: Wiener Blockchain-Ticketing-Startup holte Millioneninvestment
Graz, Austria-based startup Easelink raises 8,3 mn Euros in Series A funding for their Matrix Charging, a fully automated charging integrated into parking spots for electric vehicles Easelink 8,3 Millionen Euro in einer Series-A-Finanzierung
Switzerland
Swiss army drops #WhatsApp in favor of Threema, since military personnel could still leave traces in WhatsApp Threema statt WhatsApp: Ganze Armee steigt um – mit gutem Grund They are not the only ones. The German Army developed their own messenger, available since November 2020.
Swiss digital asset bank Sygnum secures €79.5M funding, eyes global expansion (Original Source Removed - Here would be a link to the source)
Over CHF 5M raised to advance EH Group Fuel Cell Technology Over CHF 5M raised to advance EH Group Fuel Cell Technology
General News / Companies News Section
IPOs are a big topic this year. We shared an article in the December news already. Here is an article with an US perspective, that also applies to Europe/Germany: What to watch for in the 2022 IPO market by PitchBook What to watch for in the 2022 IPO market - PitchBook
Related post from December news: German IPO candidates for 2022: Fintechs N26 and Solarisbank, as well as dating portal ParshipMeet may list in public markets in 2022 com! professional trifft auf Professional System | Professional System
Wirecard investors may be able to get some of their money back, but no from BaFin: Wirecard investors may be able to get some compensation from EY the investor’s lawyer claims Wirecard: Geprellte Anleger könnten Geld von EY zurückbekommen same content, different source Wirecard: Kein Schadenersatz von der Bafin für Anleger | FAZ
Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo — TechCrunch Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo | TechCrunch, but they just shut down their German business, after just 4 months operating in their home market for the 2nd time, they already left 2018 and came back in 2021. https://www.bloomberg.com/news/articles/2021-12-22/delivery-hero-exits-german-delivery-business-after-seven-months .
Fintechs
Berlin-based crowdfunding platform Neufund is shutting down: Why We’re Shutting Our Successful Fundraising Platform Why we're shutting our successful fundraising platform (CoinDesk)
German fintech oversight Bafin investigates #crypot startup Cake Defi for potentially offering unlicensed financial services in Germany. They are formally headquartered in Singapore but founded by a German entrepreneur, but without a valid financial services license in Europe Die Bafin ermittelt gegen die Krypto-Plattform Cakedefi
Peter Thiel invested — amongst others — 40 mn US$ in #Berlin-based #insurtech Coya, which is now acquired by French competitor Luko Berliner Digitalversicherer Coya und Franzose Luko fusionieren
Berlin-based fintech Moss raises 75 mn Euros in Series B, valued at half a billion US$. Investors include Peter Thiel’s Valar Ventures, bringing the total investment to more than 150 mn US$ for the corporate credit cards startup 500 Millionen Firmenwert von Moss: weiteres Investment von 75 Millionen - Business Insider
VC funds of German billionaire Carsten Maschmeyer and fintech unicorn Personio in #Berlin-based travel expense startup Circula “eight-digits” #VentureCapital Maschmeyer-Fonds und Personio wetten auf Berliner Spesen-Startup Circula | FinanceFWD
A very very few Venture Capital investment rounds
Katjes Greenfood invests in impact startup UNMILK — vegconomist Katjes Greenfood investiert in Impact-Start-up UNMILK - vegconomist: Das vegane Wirtschaftsmagazin
Circularity Capital and Keen Venture Partners, as well as existing investors, invest 80 mn Euro (30 m equity, 50 mn debt) in #Berlin-based #SaaS startup Lendis to be “2023 the leading SaaS solution for hybrid work in Europe” Lendis sammelt 80 Millionen ein - softr bekommt 13,5 Millionen - Blloc sammelt 2 Millionen ein - deutsche-startups.de
Stay ahead of the curve
3 views: Pay attention to these startup theses in 2022 — TechCrunch 3 views: Pay attention to these startup theses in 2022 | TechCrunch
The 30 Best Pieces of Advice for Entrepreneurs The 30 Best Pieces of Advice for Entrepreneurs in 2021
Are venture capital’s go-go years about to end? | PitchBook Are venture capital's go-go years about to end? - PitchBook
Our highlights: The last year was amazing for the German startup scene, there are now officially 25 unicorns and we feel that there will be more.
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Relationship Map
Startuprad.io → published → DACH Startup News January 2022: Founders, Funding and Ecosys
Partner with Startuprad.io
Startuprad.io is the leading independent media platform covering startups, venture capital, and innovation across the DACH region (Germany, Austria, Switzerland) and Europe. We offer B2B partnership opportunities for companies looking to reach startup decision-makers, founders, and investors.
Become a Partner — Learn about sponsorship and partnership opportunities
Contact us: partnerships@startuprad.io
Editor-in-Chief: Jörn "Joe" Menninger on LinkedIn
Subscribe to the Podcast
All podcast links: https://linktr.ee/startupradio
What are the key facts about DACH Startup News January 2022:?
Welcome to This Month in German Startups in January 2022 by Startuprad.io
How does this affect the German startup ecosystem?
This news roundup is part of our ongoing coverage of Startuprad.io Knowledge Graph: The DACH Startup Ecosystem.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
Want to reach the DACH startup ecosystem? Become a partner and connect with founders, investors, and operators across Germany, Austria, and Switzerland.
Support Startuprad.io
Startuprad.io is the leading independent media platform covering startups and innovation across Germany, Austria, and Switzerland. We bring founders’ stories to a global audience through in-depth interviews and expert analysis. Support our mission by subscribing to our podcast on your favorite platform, sharing this episode with fellow startup enthusiasts, or exploring sponsorship opportunities at startuprad.io.
This article is part of Startuprad.io’s ongoing coverage of monthly DACH startup news.
Comments