This Week in Germany

5857336815_700ab642ae_z
5857336815_700ab642ae_z

width="514"

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.
[Gründerszene(German)

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)

Windeln.de sets IPO offer price at €18.50 per share

Windeln.de stated it sets the offer price for its IPO at €18.50 per share.  A total of 11,404,899 shares of windeln.de were placed and in addition existing shareholders sold 4,517,304 existing bearer shares.
[Reuters]

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.
[TechCrunch]

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]

Techberlin.com 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 techberlin.com 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.
[prnewswire]

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.
[p2p-banking]

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