This Month In German Startups – Summer 2020 (July, August, September) – Connecting Podcasts with Listeners & Subscribers From All Over the World!

This Month In German Startups – Summer 2020 (July, August, September)

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This Month in German Startups – Summer 2020 Wrap-UpWelcome to this month in German Startups by Startuprad io – in a transatlantic news recording with Chris in World Today we are wrapping up summer 2020 for you This is going to take a bit longer than normal so grab a coffee and relax on the couch nbsp You can now join us on the entrepreneur network DueDash https buff ly 2R90PYp with 5 Euros a month you support our work Thank you EnablerThis recording was made possible by Hessen Trade and Invest Learn more about our enabler here https www invest-in-hessen com nbsp Find all options to subscribe here nbsp Tech Startups Germany by Startuprad io – Audio onlyiTunes https apple co 2Z17bflDeezer http bit ly 2Qbh1rlTuneIn http bit ly 2M8vpznStitcher http bit ly 34xTANO Tech Startups Germany by Startuprad io – VideoiTunes https apple co 2M8ZxKJ nbsp Housekeeping – Time to brag nbsp We made it now in 39 Countries in the podcast charts adding Switzerland Zimbabwe Israel and Indonesia Thank you caption id attachment 3669 align alignleft width 800 img class size-fusion-800 wp-image-3669 src https www startuprad io wp-content uploads 2020 09 200922-Podcast-Charts-39-countries-800×440 png alt width 800 height 440 Podcast Charts Appearances of Startuprad io – Now in 39 countries caption nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp As a premier source for startup information from Germany Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well https www instagram com p CFcAK3wj3Gn nbsp Video News – This video will go live on Thursday September 24th 19 00 CET Frankfurt Z rich Berlin Milan https youtu be AQBKnWmxaTY nbsp Audio News – The audio podcast will go live at the same timeWe just need some time after the release until we can embed the Spotify player here nbsp Top NewsCoronavirus Curevac nbsp Curevac was one of the biggest startup stories during the summer They are a T bingen Germany-based biotech company working on a coronavirus vaccine They IPOed for more than 200 mn US https buff ly 3iUsus6 nbsp They got visited by Elon Musk https buff ly 3cjMdzf nbsp And we already blogged about their government investment in June https buff ly 3iY0y6Q And they received a large investment pre-IPO by two international heavy weights nbsp Pre-IPO Qatar Investment Authority takes stake in vaccine-maker CureVac https buff ly 3jnYZzD nbsp Glaxosmithkline GSK pays 142 mn Euro for 10 stake in one of Germany s most promising candidates for a coronavirus vaccine Curevac from Tuebingen https buff ly 3homvLk nbsp Coronavirus Potential super spreader event in the Berlin startup scene deutsche-startups reports in their podcast that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday September 11th https buff ly 2ElAxzc nbsp nbsp Wirecard nbsp We keep you updated just a small selection of news here Wirecard s liquidator sends employees into garden leave without pay via email after 20 00 o clock Rumors talk about 50 of the more than 1 000 employees https buff ly 34wB7F6 Related Wirecard scandal fallout sees 50 of German staff laid off https buff ly 3hvG30vWirecard liabilities exceeding the assets by 2 8 bn Euro only a few of the companies within the group had revenues at all says an expert assessment obtained by German media nbsp https buff ly 2EzLhKv nbsp nbsp Berlin-based Finleap snapped up some employees there Finleap starts a new unit Finleap Forward with former Wirecard employees to help banks insurers and SMEs with their digital transformation https buff ly 2QsWkra More details emerged Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks insurance companies and SMEs with their digital transformation https buff ly 3hza2EYBerlin-based big data startup SO1 was bought shortly before the accounting scandal now the founders bought assets back https buff ly 32JMcl0 nbsp More than 100 potential bidders lined up to acquire parts of Wirecard Germany s erstwhile fintech darling https buff ly 3g5kbsa nbsp German finance supervisor bafin reports suspicion of insider trading before denial of attestation to Munich prosecutor https buff ly 2ZsS0NO nbsp In September a German court froze the private assets of Markus Braun former CEO In total authorities froze more than 100 mn Euros worth of assets from four people and three shareholders https buff ly 33MNRWd nbsp nbsp Auto1 – Berlin-based Unicorn – plans it s IPO J rn But there is also happier news from Germany nbsp New details on the planned IPO of Berlin-based Auto1 emerged They hired Citi and Goldman for the IPO looking at a valuation of 5 bn https buff ly 3bO1HLn nbsp Related They are looking to IPO in Frankfurt Auto1 likely preparing for IPO in Frankfurt – AIM Group https buff ly 356cBuV nbsp nbsp nbsp Germany s formerly most valuable fintech has to file for insolvencyMonedo Holding formerly Kreditech and at this time Germany s most valuable fintech has been in trouble for some time now but they had to open insolvency proceedings at the beginning of September https buff ly 3bGsUj1 nbsp nbsp Ecosystem nbsp There will be a delay in insolvency filings due to recent changes in German law This will lead to a much later realization of insolvency We may start to see the first impact only in Q1 2021 Until than you can learn more about the changes here nbsp https www startuprad io interviews audio-covid19-flash-changes-to-insolvencis-in-germany nbsp Germany named best European country for startups for second year running https buff ly 2EnMIey – by The Local5 reasons why Germany is the best country for startups – by The Next Web https buff ly 3ekl3rr nbsp A network of Digital Hubs It s all about collaboration Access to industry leaders Leading in deep tech solutions Government support nbsp nbsp Hubs nbsp Note The order of news and cities is only due to the time when we discovered the news rather than anything else FrankfurtStartup Genome Global Startup Ecosystem Report Top 7 startup cities keep their ranking in 2020 but new players are on the rise https buff ly 2ZaUhfd Frankfurt makes Top 20 Knowledge and Top 30 Funding Berlin making No 16 – Overall Bern Geneva from Switzerland and Munich are also doing wellDeutsche Bank buys stake in Frankfurt-based Supply Chain financing fintech Traxpay https buff ly 3g6loPR nbsp No further deal details e g price have been disclosedGerman business magazine Capital tested 34 robo-advisors Out of those three Frankfurt-based made it in the top group – all offspring of traditional asset manager or private banks Visualvest Zeedin and Bevestor https buff ly 2ODZVSx nbsp nbsp Business Insider Ranking Top 100 fastest growing companies in Germany From the Frankfurt Area No 12 Stoertebekker Shaving Accessories https en wikipedia org wiki Klaus St C3 B6rtebeker No 33 ChemSQURE No 46 WiWin No 49 Meshcloud Learn more about Meshcloud here https buff ly 2X2DMQA nbsp https buff ly 2ZgNQbRFrankfurt s FinTech Agora Innovation with its iVE ONE platform has brought a stock corporation to the Blockchain for the first time in the European Economic Area https buff ly 33AlUkg Related Interview on upcoming law for tokenization of securities https buff ly 339VKVr nbsp Brockhaus Capital Management lPOs in Frankfurt in Prime Standard They raise 115 mn Euros to invest in mid-sized tech companies https buff ly 2B5fq2I nbsp Darmstadt also Rhine-Main Area Boston Dynamics Merck and the Darmstadt based robotics software startup Energy Robotics cooperate successfully on an autonomous inspection robot https buff ly 32fCoP8You can learn more about the startup here in our interview https buff ly 2ZscWo2StuttgartStart-up Roadjet from Stuttgart Offers luxury long-distance bus connections for the price of a ticket 2nd class of DB Germany s rail operator https buff ly 3jw13FK nbsp BonnGoldman Sachs invests the majority of new 70 5 mn Euros VentureCapital in Bonn-based IT startup Leanix The company provides cloud-based solutions for Bosch VW consultancies and others https buff ly 2Zrz0iW Related same news another source Goldman Sachs Insight Partners DTCP Capnamic Ventures and Iris Capital invest 80 mn US in LeanIX bringing the total to 120 mn The company offers software to optimize IT structures https buff ly 38DzNQQ nbsp MunichMunich-based 2trde – a competitor of Berlin s Auto1 – raises 2 5 mn Euros with Israel-based VC Maniv Mobility as lead investor https buff ly 2ZLktxC nbsp Bruchsal a city with a population of less than 45 000 people nbsp German drone startup Volocopter is now accepting reservations for electric air taxi flights https buff ly 2EdwF3n nbsp HamburgHamburg-based PaketButler a rental box – working as a mailbox for parcels – is shut down The service will be stopped end of September https buff ly 3latFoV nbsp Trier nbsp Since Trier appears here for the first time let us give you a very brief overview It is an old city founded by the Romans and famous for their still standing black city gate called Porta Nigra It is a city of approx 115 000 people close to the border of LuxembourgTwo local banks from Trier invest 3 5 mn Euros in LivEye a local startup providing video surveillance https buff ly 3k9D7sj nbsp nbsp MannheimStartup Mannheim re-branded to Next Mannheim and we have been invited You will hear more about them in the future https next-mannheim de en nbsp nbsp Companies We interviewed Berlin-based challenger Bank Bitwala in April now they are offering 2 interest on savings accounts when other banks are asking for money to hold savings https buff ly 3k4MPvh Our interview https buff ly 307a5Sa nbsp Deutsche Bank gets double hit in digital strategy 1 They shut down their investment the virtual wallet startup Yunar 2 Zeitgold the accounting software pivots https buff ly 2PklhVe Related article to Zeitgold Zeitgold main product was shut down despite having raised 27 mn Euro Venture Capital For outsiders a surprise but there is an article speaking of absolute chaos before the decision https buff ly 33HYlaL nbsp Listed tech company Teamviewer buys Bremen-based data glasses startup Ubimax for 136 mn Euros of which 86 mn in cash https buff ly 38ZKjCdBonds Bonds Bonds Delivery Hero wants to raise up to 1 5 bn with a convertible note https buff ly 3iH1X1X Zalando sells bonds worth 1 bn https buff ly 31fIgX7 nbsp Hedosophia from London has been one of the most important investors in the German fintech scene Now Finance FWD revealed Michael Bloomberg being one of the investors behind the company https buff ly 3l5Kam2 nbsp Berlin-based traveltech Omio raises 84 mn Euros Investors include Temasek Kinnevik Goldman Sachs and Kleiner Perkins https buff ly 323BCUh nbsp Henkel buys 75 of beauty product brand HelloBody https buff ly 3iaHjpX – Henkel produces many household names from washing powder Persil to glue Pattex Pritt to detergents Pril Biff and even wallpaper paste Metylan nbsp FinanceFWD takes a look into Kinnevik s reports and looks at the impact of the fintech valuation using DCF https buff ly 3jssTTF Deposit Solutions valued at 450 mn Deutsche Bank invested in September for 1 bn Euros Betterment valued at 666 mn Euros a drop of 100 mn Euros Siemens to cooperate with Berlin-based fintech Raisin on pensions https buff ly 3jp79ru find the interview with the founder of raisin here https www startuprad io interviews raisin-financial-crises-inspired-former-partner-large-consultancy-jump-ship-found-startup nbsp Berlin-based Sequoia investment the travel tech startup Tourlane is in trouble but it s founder is optimistic 80 of its clients are booking long-distance trips They are back to 20-30 of pre-corona business https buff ly 2Fxa6HD nbsp Freeletics raises 25 mn Venture Capital to extend the offering to Japan North and South America Press speculates on additional sports like yoga or running for the app that offers individualized coaching for athletes https buff ly 32JT2qF nbsp nbsp Delivery Hero picks up Glovo s LatAm ops for 272M in latest food delivery consolidation TechCrunch https buff ly 2FFIFLw nbsp Berlin-based startup Sennder has bought a chunk of Uber https buff ly 3c5aM2N Berlin-based startup sennder has acquired Uber s European freight business in an all-stock transaction that will see the freight forwarder extend its dominance in the European market As part of the transaction sennder will become a minority shareholder in Uber and the companies have agreed to a customer referral programme where sennder will refer US freight customers to Uber and vice versa Rocket Internet half-year report 9 startups shut down 5 new startup equity valuation took a 85 mn hit Rocket Internet Capital Partners VC Fund spent only 15 of it s money so far closed end of 2019 They gave out loans worth 70 mn avg 9 3 interest rate https buff ly 2RE3bia nbsp CHECK24 – Germany s largest online comparison platform – is planning to attack startups in their market – tax filing and compensation for delayed flights https buff ly 3hsyUhI nbsp Jacob Fatih was a refugee then he founded fitness chain FitX in Essen Germany Now he wants to help start 1 000 startups there with an incubator named Crealize nbsp https buff ly 32lA5sF nbsp Employees at German fintech Taxfix cash out 3 8 mn after share buyback Sifted https buff ly 3kvi1Vq nbsp Apeiron Investment Group raises 125 mn Euro VentureCapital fund to invest in German tech companies The investors include Peter Thiel https buff ly 39XIDt8 nbsp There was a bug in the IT of N26 Reportedly up to 300 employees could look into personal account information of clients and other employees since they lacked encryption in October 2019 for one week https buff ly 3gYbzDM nbsp Stay ahead of the curveTips on how to land funding during the pandemic from Europe s VCs https buff ly 3aj2wvd nbsp How VCs Judge Your Startup on Zoom 15 Tactics Behind Successful Fundraises https buff ly 2F8zKlcThe tale of 2 challenger bank models TechCrunch https buff ly 33L8Fiw nbsp Fintech s existential question Will consumers pay Siftedeu https buff ly 2Bj5tieQ2 2020 Global Venture Report Funding Through The Pandemic https buff ly 31RkAuc Folge direkt herunterladenClick here to visit this podcast episode