The week flew by. Some startups launched, others shut down, some raised, some invested. Here is the overview of what happened in the Germany-based startup scene.
ePetWorld and ProSiebenSat.1 agree on media for revenue deal
German TV media broadcaster ProSiebenSat.1 and Munich-based pet supply online shop ePetWorld announce a media for revenue deal. Means: in exchange for TV advertising space, ProSiebenSat.1 gets part of ePetWorld’s revenue. Having started in 2012, the startup later raised funding from VCs such as US-based Blumberg Capital, Chrysos GmbH, and German Startups Group.
Berlin startups raised over $460 Million in Q2
It is reported that Berlin startups raised over $460 Million in the second quarter of 2015, making it a total of $1.33 Billion in this year so far. More details:
SoundCloud will launch subscription model for listeners
Starting this year in the US and next year in Europe, Berlin-based music streaming serviceSoundCloud will not only charge heavy upload users, but also listeners. Details about what paying customers can expect have not been shared.
German banks launch PayPal competitor Paydirekt
Way too late – or better late then never? German banks worked on a payment product to compete with PayPal. While Gründerszene asked Germany-based startups if they will integrate the new payment tool, mobilbranche interviewed leading experts in the industry about Paydirekt’s chances to win the battle.
[Gründerszene] (German), [mobilbranche] (German)
German Startups Group postponed its IPO
Berlin-based German Startups Group wanted to go public, moved its appointment, and now postponed it. As a reason, the company stated the market environment was fragile. “In light of this environment, the management sees no chance of listing the company on the stock exchange at a fair price and generating the desired oversubscription,” German Startups Group stated. Previously it had planned to raise up to €72 million by offering 22.1 million shares at a price range between €2.70 and €3.60.
[Reuters], [Gründerszene] (German)
Sparhandy and ElectronicPartner expand partnership
After holding 30 percent already, German customer and household electronics retail co-operative ElectronicPartner now wants to acquire 50,1 percent of Sparhandy to bund sales, distribution and mobile hardware logistics.
The approval of the antitrust authorities is currently pending. If it gets approved, the deal will be closed in August.
Real estate startup Realbest raises Series A
Berlin-based Realbest wants to digitalize the entire process of selling real estate. The round (a seven-digit Euro investment) is led by France-based Ventech and IBB Beteiligungsgesellschaft. Existing angel investor Plutos Group joined the round. In Sommer 2013 Plutos Group already invested a high six-digit amount.