This Week in Germany: Funding, IPOs, Startup & Accelerator News. And One More Thing.

d7b840151b2350897f089494a6c19f25b9f50953-1409919024
d7b840151b2350897f089494a6c19f25b9f50953-1409919024

Guten Tag, guten Tag!

It’s the end of the week and we’ve put together all the important news for you in one place. Here is what happened in Germany’s startup industry.

width="514"


Funding Rounds/Exits/IPOs/That kind of News


Finlab acquires 60% of AngelList competitor Venturate

Finlab AG, a fintech company builder, acquired a 60% stake in Munich-based startup-network Venturate. Finlab is not the only investor: the business angel network Business-Angel-Netzwerk Club Deal AG took over an additional 20%. Venturate was founded in 2014 and wants to connect VCs and startups. According to the company over 500 investors like business angels, venture capitalists, and corporates, as well as 400 startups have signed up and numerous deals have been made. Also, partnerships with incubator and accelerator programs from companies like Microsoft, ProSiebenSat.1., and Telekom have been made. Furthermore, entrepreneurship programs with universities have been arranged.
[Gründerszene] (German)

Sprylab receives €2 million for Purple Publishing Suite

The Berlin-based startup sprylab received €2 million from IBB, MBG, and Sparkasse in order to further develop its digital storytelling software Purple Publishing Suite. Sprylab cooperates with publishing houses (e.g. Axel Springer) to optimize the digital and especially mobile experience of content.
The financing will be used for marketing, sales, and product development. In 2016, Purple will start to expand internationally. Agencies and companies can easily insert PDFs, InDesign documents, pictures, text files and videos and create an app. The history and science app EPOS, developed with Purple by „Die WELT” and in the „Best of 2014“ category by Apple, is one of the best known examples.

Webdata Solutions raises €4 million to let E-Commerce companies monitor competitors

Leipzig-based Webdata Solutions works in the field of retail intelligence. Founded in 2012 as a spin-off from a Leipzig University research project, it provides a big data-based service called Blackbee. Blackbee compares competitors on the web in real-time. For product development and international expansion, the startup raised €4 million. The round was led by Paris-based VC Seventure Partners. Others participating in the round include Senovo, and b-to-v Partners, along with previous investor TGFS.
[TechCrunch]

Burda plans to exit 30 % stake in online pet supplies store Zooplus

German publisher Hubert Burda plans to exit its 30 % stake in online pet supplies store Zooplus within the next two to three years. Though sales rose, Burda finds it doesn’t go along with the publishing house’s strategy.
[Reuters]


Startup News


Outfittery shares KPIs

Berlin-based Outfittery shared KPIs: In September and October the curated shopping service made more than €2 million in revenue. By the end of October 100,000 customers purchased items for in average €200 (after returns).
[excitingcommerce] (German), [Slideshare]

GLOSSYBOX states it is profitable

The beauty box delivery service GLOSSYBOX states it became profitable with a seven-digit Euro amount in 2014. While its customer base grew over 25 %, GLOSSYBOX cut 33% of its marketing costs. Key to success was customer satisfaction that increased from (in average) 68% to over 80%, the company states. Processes inside the company were also optimized.

Xing’s annual profit dropped by One Third

While revenue grew by 20% to €101.4 million, and the number of members grew by 1.1 million (which makes it 8 million users over all), the annual profit dropped by almost 1/3 to €6.175 million.
[WirtschaftsWoche] (German)

edgee launches new social platform to share interests, thoughts, and complex ideas on different topics

Berlin-based edgee lets users share interests, thoughts, and complex ideas on different topics via collections titled “edgees”. Founder Markus Maier doesn’t like the limitation to Twitter’s 140 characters: “The world’s most important thoughts and topics shouldn’t be reduced to 140 characters. Instead, we believe people need to see the big picture and need a new medium to do just that.” Users can follow other users or topics. edgee’s beta is currently open by invitation and wait-list (VentureVillage readers can use the code “dayoneaccess” to gain immediate access). Based in Berlin and Silicon Valley, edgee is part of the German Accelerator program and backed by private investors.

WHY own it takes app out of the iTunes store on March 12th, 2015

After three years, the Hamburg-based lending app Why own it shuts down. Being asked about his three key learnings, CEO Philipp Glöckler stated towards VentureVillage: “First: Have a business model and try to make money from day one, Second: Fail faster, Third: Have more conversations with users”
[VentureVillage]

Kreditech moves employees to other offices

Being in business now for over three years, Kreditech employs 200 people in nine countries. According to CFO René Griemens, the company grows over 500% a year.  Now Kreditech asks some over its employees to move to support other offices or departments because jobs in the headquarter are cut. Unfortunately, the company has different statements for its reasons.
[Gründerszene] (German)

Deutsche Telekom plans “Netflix for Kids”

The app my Kidio is for kids between 3 and 13 years and will be available for iOS and Android. The idea is to offer them selected audio book, films and series, e.g. to entertain them during traffic jam or long rides. It will costs about €8.99/month and also work within BMWs through its connected-car systems. Different to Netflix, content can also be downloaded.
[mobilbranche] (German)

 


Extra


App Annie announces number about the German App Market

The mobile analytics provider App Annie reports that for the first time Google Play Store’s revenue in the category apps is higher than in the iTunes Store in Germany. Germany is the largest market right after the U.K. Taken together, the overall revenue of the iTunes and Google Play Store rose over 70 percent. The iOS apps brought 1.3 times as much revenue as in 2013, the revenue with apps from the Google Play Store was 2.5 times as high as last year.
Here is the entire report (in German).

 

 

WHERE THE HECK IS…? Did we miss something? Let us know in the comments below! 

Have news to share? Drop us a line at news@theheureka.com!

/

 

Disclaimer: Axel Springer is shareholder of Vertical Media GmbH, the media house of VentureVillage. For more information visit www.vmpublishing.com