This Week in Germany



Locafox raises a new round

The local shopping platform Locafox raises several million euros. The round was led by existing investor Holtzbrinck Ventures and a new one: Deutsche Druck- und Verlagsgesellschaft.

Gruner + Jahr invests €50 million in mutual fund

The Hamburg-based publishing house Gruner + Jahr will give away 50% of the fund in cash, the other 50 % will be invested in its media budget. Gruner + Jahr is mostly interested in startups focussing on living, food, family and advertising.
[Gründerszene] (German) sets IPO offer price at €18.50 per share stated it sets the offer price for its IPO at €18.50 per share.  A total of 11,404,899 shares of were placed and in addition existing shareholders sold 4,517,304 existing bearer shares.

Point Nine Capital and Dawn Capital invests $5 million in Automile

Swedish Automile offers a platform and device to connect your car to the cloud so that it can track data. To expand globally and to improve the product, it raised a $5 million round led by London-based Dawn Capital and Berlin-based Point Nine Capital.

Delivery Hero is hungry and acquires Turkey’s Yemeksepeti

Berlin-based Delivery Hero keeps expanding and acquiring. This time it costs the start up $589 million (in a cash and shares deal). Yemeksepeti, which means “food cart”,  is Delivery Hero’s first move into Turkey.
[TechCrunch] launches

In cooperation with the Berlin Startup Unit of City of Berlin, a range of other local civic organizations and the local community partner Openers, IBM introduced on the IBM Cloud. The platform wants to be a the new online hub from Berlin’s startup industry, developers, entrepreneurs, VCs, etc to learn about new opportunities and create partnerships.

P2P lending service Lendico raises €20 million

Existing investors Rocket Internet, Access Industries, and Holtzbrinck Ventures as well as one new investor injected €20 million in Berlin-based P2P lending service Lendico.

Simfy shuts down its service

After Warner Music, Sony Music, and Universal revoked their licenses, Simfy now shuts down its service. US-based Grooveshark also sent out an email to its user three days ago, informing customers that it is going to discontinue its service.
[Gründerszene] (German), [RollingStone]

Image: Some rights reserved by Images_of_Money