A busy week is slowly coming to an end. Here is your summary on what happened in the startup industry.
ProSiebenSat.1 bought 80% of price comparison site Verivox
Munich-based media group ProSiebenSat.1 bought 80 percent of German price comparison site Verivox from Oakley Capital. The €170 million acquisition is ProSiebenSat.1’s largest digital one. Heidelberg-based Verivox claims to be Germany’s largest independent comparison platform. The company states it has helped 7.5 million users to compare prices for phones, insurances, finance services, cars and commission free real estate.
[Reuters], [Gründerszene] (German)
Hamburg-based Frontlineshop gets acquired
Menlook the leading European online shopping website focussing on men acquired Frontlineshop. Frontlineshop started in 1986 in Hamburg as a music mail-order company and later changed its focus toward fashion goods. By now, it offers over 300 brands with more than one million unique visitors monthly. Details of the deal remain undisclosed.
Amorelie expands to France
Flight booking software ewings.com raises €1.1 million
Berlin-based flight booking software eWings received its second round of financing. The €1.1. million round was led by HTGF (High-Tech Gründerfonds). FSF Beteilungs GmbH and Kima Ventures as well as existing investors joined the round. The investment will be used for product development and expansion.
Rocket Internet will continue to raise
Berlin-based company builder Rocket Internet won shareholder approval to raise about €4.5 billion in the next five years. As usual the investment will be used for new ventures and to increase stakes/acquire already existing startups. Rocket Internet was found in 2007 and mostly copies startups ideas that deal with online retail, e.g. Zalando, or are service platforms, e.g. Helpling. “Growth won’t slow, even after 20 years of the Internet. It’s just starting,” said CEO Oliver Samwer. “Growth is particularly strong in our markets because they are undeveloped.”
Auctionata sets new world record for an Asian work of art sold in an online auction
Auctionata, the online auction house, announced it has sold a rare enamel, ivory-mounted and paste-set musical and automaton clock from the late 18th century was sold for €3.37 million. That being said, Auctionata’s 259th auction is the highest since the start of its livestreaming in May 2013.
Etsy opens pop up market in five German cities
The DIY platform Etsy will open pop up markets in five German cities and one in Austria in September. In Hamburg, Berlin, Dresden, Dusseldorf, Munich and Vienna (Austria) creatives and designers will have the chance to present their work offline. “With this collaborative project ‘Etsy at home in your city’ we want to show how much creativity and knowledge our Etsy sellers have,” Verena Piltz, Communication Manager at Etsy, explains.
[Internet World] (German)
CareerFoundry raises high six digit Euro amount
Having started in the beginning in 2014, online education platform CareerFoundry now raised a high six digit Euro seed round. CareerFoundry offer online courses in web development and UX Design to teach users what they need to know to start a career in tech. The investment round was led by Tengelmann Ventures, as well as two business angels: Stefan Glänzer and Paul Föckler from Mendeley.
Ascribe raises €2 million round
Berlin-based Ascribe understands the issues artists have with illegal copies of their work. To avoid that, Ascribe lets artists and writers create unique copies of their work that can be bought and sold. Now, the company raises $2 million in seed from Earlybird Venture Capital, Freelands Ventures, Digital Currency Group, and various angels.