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.
Online magazine building platform Styla receives €2.5 million
With Styla users can build their own online magazines in minutes. Swizz early stage investor Redalpine Venture Partners, which has also invested in the Berlin-based FinTech startup Number26, leads the €2.5 million round the online magazine building platform Styla receives. Groupe Arnault, the controlling shareholder of LVMH, which owns brands like Louis Vuitton, Dior, and Fendi, and founding investor Atlantic Labs, led by business Angel Christophe Maire, also invested in the startup. Cherry Ventures, the fund run by Zalando/Groupon/Quandoo entrepreneurs, and German VC Westtech Ventures joined the financing round as well.
Jobspotting raises six-digit amount
Being known for investments in Facebook and Spotify, Li Ka-shing now invests in Jobspotting. The Berlin-based startup is a personalized job finding platform that was founded in 2013 by former Google employees Hessam Lavi, Jan Backes and Manuel Holtz. After joining the Axel Springer Plug And Play Accelerator and receiving €25,000, Jobspotting raised a €500,000 seed round from Axel Springer Plug And Play and angel investors.
HotelTonight opens office in Berlin
HotelTonight opens an office in Berlin. The team will be responsible for marketing, hotel partnerships and business development in Germany. Furthermore, the startup’s activities in Sweden, Denmark, Austria, Switzerland, Belgium, the Netherlands, Czech Republic, Poland, Hungary, Slowakia, Russia, Turkey, Iceland, and Greece will be managed from here.
€2.7 million for anti-drone warning system
Kassel-based startup Dedrone GmbH has raised €2.7 million for its world’s first professional civilian drone early-warning and detection system. The round was led by Munich-based VC Target Partners. Private investments came from the American entrepreneur Tom Noonan (Internet Security Systems, JouleX) as well as serial entrepreneurs Jörg Lamprecht (Only Solutions, Cobion, Aibotix) and Rene Seeber (Only Solutions, Cobion, JouleX).
Germany on regulating crowdinvesting
The German government is preparing a law to limit the startups’ abilities to raise money via crowdinvesting platforms. The rules include that companies will have to provide a detailed prospectus if they aim to raise at least €2.5 million from retail investors. Also, investors have the right to demand a refund of the investment within 14 days after agreeing to it.
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.