This Month In German, Swiss, And Austrian (GSA) Startupsâ-âMarchÂ 2024

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Welcome to our March 2024 wrap-up with vital news from the startup and tech entrepreneurship scenes in Germany Austria and Switzerland in 30 minutes or less Our startup news is recorded with Chris in World and Joe in Frankfurt Recording date is March 25th 2024 and all news not included will be in our next news to be released on April 25th 2024 Happy Easter Today we publish on Holy Thursday Gr ndonnerstag in Germany Note that the Friday before and Monday after Easter are public holidays Many people will take off around the holidays So don t expect your calls to be returned promptly during this time A Seismic Shift in the Regional Startup nbsp SceneYou are witnessing a seismic shift in the GSA startup scene with us here and today The headlines of our startup news used to be dominated by fintech funding Now we have more than 7 billion investments in green startups battery renewable energy vs only around 150 million in fintech funding in different forms This is surely a foretaste of what s to come Our Highlights The European energy landscape is witnessing significant developments with key investments across sectors Northvolt s Gigafactory in Northern Germany backed by 900 million in subsidies and a 4 5 billion investment aims to produce 1 million car batteries annually driving electric vehicle adoption and job creation Enpal secured 1 1 billion in refinancing commitments while Sunfire raised over 500 million bolstering Europe s green hydrogen economy ENVIRIA secured 200 million in capital from BlackRock signaling confidence in the solar sector Solaris Bank secured 96 million in funding but faced a 6 5 million fine from BaFin reflecting fintech regulatory challenges Magic gained traction with open AI s and Tesla s former Andrej Karpathy as investor and Bitpanda established a 50 million VC fund for blockchain startups However the startup community grapples with stress with nearly half considering quitting underscoring the toll of rapid innovation Let s talk startups https medium com startuprad-io this-month-in-german-swiss-and-austrian-gsa-startups-march-2024-a49996ca44f9 Find All Other Channels HereFind all options to subscribe here https linktr ee startupradio nbsp Housekeeping amp Time to Brag Celebrating one Million Downloads in a nbsp Quarter 1 Million confirmed downloads in Q4 2023 https www linkedin com feed update urn li activity 7176895440510955520 FeedbackWe would love to hear from YOU https forms gle mLV6mVKwGwKuut8BA The HostsThe news are co-hosted by J rn 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 Joe on LinkedIn Joe on Twitter Chris on LinkedIn Chris on Twitter Click here to visit this podcast episode