Rocket Internet acquires wellness and beauty platform Somuchmore, highest investments in EU startups since 2001, and an overview of this week’s events.
Rocket Internet acquires wellness and beauty platform Somuchmore
While building its own beauty and wellness platform called Intspa, Rocket Internet also acquired Berlin-based Somuchmore. The startup offers a subscription (€39 – €99) for yoga, meditation, pilates, dance, fitness, and diet courses. Details of the deal remain undisclosed.
Highest investment in EU startups since 2001
According to Dow Jones VentureSource, European companies raised 41 % more venture capital, than they did in the previous quarter. All in all, 345 deals were closed in Q1 2015. Rocket Internet was the largest single investor within the European investment league. The incubator injected €503 million into three different food delivery startups: Delivery Hero, Grocery Delivery E-Services USA, and Foodpanda.
This week’s events
Make sure not to miss what’s going on in the German startup industry this week!