Here is your weekly overview on what happened this week in Germany-based startups. Read, learn, share, and enjoy! Anything to add? Leave a comment!
Funding Rounds/Exits/IPOs/That kind of News
Rocket’s Carmudi has received a funding of $25 million
Carmudi is an international online car classified platform present in 20 different countries and backed by Rocket Internet. To continue growing in Asia and Latin America, it raised $25 million. Investors include Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, Holtzbrinck Ventures, a leading consumer internet investor, Tengelmann Ventures, a division of international multi-sector retailer Tengelmann Group, and a private investor.
AVARI (former RetentionGrid) raised another €500 k
Big Data startup AVARI has now confirmed another €500,000 investment. The round has been led by Connect Ventures. Eric Wahlforss (co-founder and CTO of SoundCloud), Felix Petersen (founder of Amen and Plazes), and Christophe Maire (CEO and founder of Atlantic Labs) joined the round. Designed to work alongside existing email marketing automation systems, AVARI’s new third-generation technology uses an ultra-lightweight integration that captures visitor journeys through a website. The information gathered from actions such as clicks, page views, dwell time, basket items, purchase items, form submits, downloads, and social actions is used to produce personalised recommendations that are injected into the email campaign.
Delivery Hero plans IPO for 2015 or 2016
There have been rumors and now CEO Niklas Östberg stated that it’s clear: Berlin-based Delivery Hero plans an IPO for 2015 or 2016.
FinLab acquires majority stake of 60% in crowdfunding platform Venturate
Frankfurt-based FinLab acquires a majority stake of 60% of Munich-based crowdfunding platform Venturate. Also, an upper 6-digit Euro-figure will be invested into the further expansion. From the existing founders’ team, board member Alexander Lasslop, René Seifert and supervisory board member Felix Haas will remain, Berlin-based entrepreneur and business angel Ron Hillman will be added to the management team in charge for dealflow and online-marketing.
Venturate AG has been founded in August 2013 by Andreas Hörr, Alexander Lasslop, René Seifert, Prof. Dr. Dr. Claudius Schikora, René Seifert and Felix Haas and went live in January 2014.
€2 Million investment for Klara to expand to the United States
While the startup is facing strict regulations in Germany, the expansion in the US, which started eight month ago, seems to go well. To continue Partech Ventures, Creathor Ventures, Atlantic Labs, Heilemann Ventures and Demandware founder Stephan Schambach invested €2 million.
Seven-digit Euro amount for Sensorberg
Berlin-based Sensorberg raised a low seven-digit Euro amount. Just as last time (end of 2013), where the tech startup raised €750,000, the investment comes from Berlin Technologie Holding (BTH).
Komplett acquires German retailer Comtech
The Norwegian ecommerce company Komplett is active in Scandinavia and has acquired the majority of shares in online retailer Comtech. This will bring Komplett back into the German market. However, Comtech.de will keep operating under its own name and will continue to exist as an independent subsidiary of The Komplett Group.
Fox And Sheep got acquired by Haba
Haba, the toy company, acquired the Berlin-based children app developer startup Fox and Sheep. Both companies decided not to share details, however, rumor has, Haba paid a seven-digit amount. 22% of the company’s stock will stick with the founders Verena Pausder and Moritz Hohl.
Run a Shop expands its business to Asia
The Berlin-based e-commerce publisher and price comparison startup Run a Shop launched its Indian price comparison engine www.salefire.in on January 28th and has, according to the company, been used by 85,000 users. Besides India, the service operates in countries such as Australia, Brazil and France as well as the UK and US.
Interview: Christin Friedrich Curates German Crowdfunding Innovation, Knowledge and Capital at Innovestment
Christin Friedrich, Managing Director at Innovestment, speaks about the company and the regulatory environment for crowdfunding in Germany.
“You can easily book a flight at any travel agency or website around the world. This is not possible for intercity bus tickets,” Distribusion CEO Julian Hauck and co-founder says. ”We want to change that and make distribution of bus products as simple and cost-efficient as possible. …Up until now, travel agencies and OTAs have had to connect to various providers and maintain multiple reservation systems. We are offering a one-stop solution with all intercity bus products from a single source with the highest data quality.”
Rocket Internet starts its own advertising and PR agency
35 people will be moved from Rocket’s communication department to the agency called RCKT. First clients are 25 Rocket companies, e.g. Westwing, foodpanda, and PAYMILL. Soon, however, RCKT also wants to acquire external clients.
Tollabox couldn’t close a round and filed for bankruptcy
Arts and craft subscription box Tollabox from Berlin explained in a company’s blogpost that a new investment round blew and therefore the startup had to file for bankruptcy. All paid orders will however still be shipped and the team will continue working until the end of April.
[Gründerszene] (German), [Tollabox’s blog] (German)
Give it a try!
“The main recommendation I can give is: as long as you have clear vision and a good value proposition, give it a try,” says Martin Blumenau from Datapine.
Brille24′s TV ads
There is something happening with online platforms that sell glasses. Mister Spex received a $40 million funding round two weeks ago, last week MyOptique acquired Rocket’s netzoptiker (which filed for bankruptcy in Fall 2014), and now Brille24, an Oldenburg-based startup in the same business started its TV ads.
300 awesome free things
A collection of 300 awesome free things you’ll find online.
WHERE THE HECK IS…? Did we miss something? Let us know in the comments below!
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