Today in Germany: Rocket Internet, Favendo, Lieferando



Rocket Internet fund raises $420 million

Berlin-based company builder Rocket Internet closes the first round of its “Rocket Internet Capital Partners Fund” with $420 million. Different to other funds, this one shall be used for later stage investments. The idea is to become more independent from third-party investors.
[Gründerszene] (German),  [livemint]

Beacon startup Favendo raisese seven-digit figure

Bamberg-based Beacon startup Favendo just recently announced a big deal: Ströer Digital Group bought 50,000 of Favendo’s Beacons for their out of home campaign boards. Now, US- and Europe-based investors have invested in the startup again. It sums up to a seven-digit figure, Favendo stated.
[Gründerszene] (German)

Lieferando acquires Food Express

Not too long ago, Food Express had file for bankruptcy. Food Express, which offers food delivery from restaurants that don’t have their own fled, was first supported by Delivery Hero. However, when they decided not to invest anymore, things went bad for Food Express. Food delivery platfrom Lieferando now announces, it acquired the startup. Details remain undisclosed.
[Gründerszene] (German)

Image: Rocket Internet’s CEO Oliver Samwer, Image by Gründerzene