#TGiF! And here is your weekend read.
A summary of what happened in Germany’s startup industry this past week.
Funding Rounds/Exits/IPOs/That kind of News
Quandoo exits for €200 million
Quandoo was founded in 2012 by former Groupon managers Philipp Magin, Daniel P. Glasner, Ronny Lange, Sebastian Moser and Tim-Hendrik Meyer. Last year, it raised its $25 million Series C round from Piton Capital and former investors Holtzbrinck Ventures, DN Capital, Atlantic Capital and Konstantin Sixt. Through the platform, users can book tables in 6.000 restaurants in 13 cities in 145 cities worldwide. Now, Recruit Holdings acquired the company for almost €200 million (€198.6 million to be precise).
LeanIX receives €2 million Series A
Founded in 2013, LeanIX offers a web-based portal which lets companies structure and manage their IT portfolios. The startup based in Bonn, Germany, now raised a Series A round worth €2.2 million from Capnamic Ventures and Iris Capital.
€400,000 Investment for mobile guitar training app
Uberchord secures a six-figure investment, according to Gründerszene it’s €400,000. It comes from Ebner Publishing House, Europe’s largest publisher and producer of Guitar & Bassmagazine, and US WatchTimepublisher Ebner Publishing. Berlin-based Uberchord is a mobile app that provides personal coaching for guitar players by recognising the sound. To do so, it uses an audio recognition technology that is currently patent pending.
Holtzbrinck investes in Munich-based FinTech Startup LENDSTAR
Besides former investors, Holtzbrinck joined the new round and invests in Lendstar. It’s a seven-digit figure, further details were not disclosed. Lendstar offers a peer-to-peer money transfer app and wants to offer its white label solution to banks. Comdirect Bank is one of its first clients.
Seven digit-amount for PopUp Berlin
PopUp Berlin connects brands, companies and creatives with popup store owners. It now scored a seven-digit Seed round with investors from Germany, Austria, the U.S. and the dutch strategy company JosDeVries.
Simplesurance raises $8 million Series B
Simplesurance raises $8 million from former investors and two new ones: the U.S. VC Route 66 Ventures and a New York-based Fortune500 insurance company who’s name Simplesurance decided not to share.
Zalando acquires Metrigo
The Hamburg-based AdTech startup was acquired by Berlin-based e-commerce platform Zalando.
Outfittery raised €20 million
Berlin-based curated fashion for men startup Outfittery has raised a €20 million financing round. The investment was lead by Spotify investor Northzone.
Former McKinsey Manager start online platform COMATCH for freelance consultants
COMATCH started this week in Germany and wants to connect freelance management consultants (that includes e.g. corporate consultants, accountants, industry experts) and companies. As of right now 100 freelance advisors have signed up. By the end of 2015 the company hopes to have grown to over 300. Step by step the company will launch in other European countries. To insure the quality of the freelancers, they have to proof their degrees and several years of industry experience.
Lesara opens office in Asia
The online discounter Lesara opens its first office in Asia. In Guangzhou ten people want to focus on more contact to business partner to react faster on trends in fashion and lifestyle.
[eCommerce News] (German)
Rocket Internet starts jobplatform
Shopnow files for bankruptcy
Axel Springer’s bonus app Shopnow had to file for bankruptcy. Until now, it did not acquire enough partners.
The Giant Hole in Germany’s Economy: Startups
Economics Minister Sigmar Gabriel wants to expand tax breaks for startups and tries to ease their path to the stock market. He announced plans that could boost the appeal to private-equity funds of investing in German startups.
WHERE THE HECK IS…? Did we miss something? Let us know in the comments below!
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