Today in Germany: Number26 raises capital, Volo acquired, COBI’s funding


Berlin-based FinTech startup Number26 raises a €10 million A round led by Thiel’s venture fund Valar Ventures, Rocket Internet buys Munich-based Volo.




Peter Thiel’s Valar Ventures invests in Number26

Berlin-based FinTech Number26 announced a €10 million Series A round led by Peter Thiel’s venture fund Valar Ventures. Swizz entrepreneur Daniel S. Aegerter as well as existing investors Earlybird and Redalpine also joined the round.

Rocket buys Munich-based restaurant delivery service Volo

After announcing its €6 million investment in Belgium-based Take Eat Easy, Rocket Internet announced today that it acquired 10-month-old Munich-based Volo which operates in the same space. The team will soon move to Berlin, where Rocket Internet is based. Further financial details of the deal remain undisclosed.

After launching in Munich in October 2014, Volo expanded to Berlin and Frankfurt. The German cities Hamburg, Cologne, and Dusseldorf will be up next. Volo plans to also launch internationally soon: nine countries  — including Italy, Spain and Sweden.

COBI raises more than $4 million in its first post-Kickstarter round of funding

Frankfurt-based bike startup COBI claims to develop the world’s smartest connected biking system. It has now announced to have completed one of the largest financing rounds ever for a bike startup. More than $4 million came from European investors Capnamic Ventures, Iris Capital and Creathor Venture, as well as private investors from COBI’s seed round. The fresh capital will be used for production and the development of the distribution, marketing and customer service units.

Image: Part of the COBI Team, COBI