The Good, The Bad, The News: This Week in Germany.

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Helpling shuts its business in 4 countries and fires 20% of its staff

Rocket Internet’s cleaning service Helpling has raised over €56 million. After having launched in 14 countries, it now shuts down in Brasil, Sweden, Spain and Canada. Letting 1/5 of its staff go, is normal, said Helpling’s founder Benedikt Franke.
[Gründerszene] (German)

Scout24 goes public

German digital classified ads company Scout24 went public today. This gave the company an overall market value of about €3.2 billion.
[tech.eu]

German Publishing House Axel Springer buys Business Insider

German publishing House Axel Springer now officially confirmed that it owns 97 percent of Business Insider. After having already owned 9 percent, it now acquired another 88 percent for $343 million.
[VentureBeat]

Social Media Management Tool raises €1 million

Ingoldstadt-based  Drupal agency Maloon announces a €1 million investment. The round has been signed in June this year. Maloon’s social media management softwareSocialHub competes with companies such as Hootsuite. The fresh investment came from Munich-based BayBG as well as existing business angels.
[Gründerszene] (German)

Swarm64 raises €7.1 million

Berlin-/Oslo-based database startup Swarm64 raises a total of up to €7.1 million. The round was led by Alliance Venture, Target Partners and Investinor.   Swarm64 is data acceleration company and will use the funding for market entry, growing the team and setting up operations in the US Market.
[unquote]

Kreditech raises $92 million Series C Round

Hamburg-based Kreditech raises a $92 million (€82.5 million) Series C round, led  U.S.-based private equity firm J.C. Flowers. Along with PayPal co-founder Peter Thiel, Amadeus Capital Partners and existing investors Värde Partners, HPE Growth Capital and Blumberg Capital joined the round. The investment will be used to add more products and geographies to its platform. Not commenting on numbers, Kreditech did mention it is not profitable. However, operating losses were halved in the first six month of this year compared to that time last year, Kreditech CFO Rene Griemens stated towards TechCrunch.
[TechCrunch]

Mobile.de acquires Motor-Talk

Motor-Talk was started in 2001 and became one of Europe’s car and motor online platform. Now it got acquired by Ebay’s Classfieds group’s Mobile.de for an undisclosed amount. Together, the platforms reach 13.1 million unique user per month. Both brands will remain.
[Gründerszene] (German)

Bonativo shuts down its business in London

Berlin-based grocery shopping startup Bonativo launched in three locations earlier this year and now shuts down one of them: London. With competition coming up, the Rocket Internet-invested startup decided to stop its business in the UK and focuses on Germany. It plans to launch in Hamburg soon.
[Gründerszene] (German)

Kreditech raises $92 million Series C Round

Hamburg-based Kreditech raises a $92 million (€82.5 million) Series C round, led  U.S.-based private equity firm J.C. Flowers. Along with PayPal co-founder Peter Thiel, Amadeus Capital Partners and existing investors Värde Partners, HPE Growth Capital and Blumberg Capital joined the round. The investment will be used to add more products and geographies to its platform. Not commenting on numbers, Kreditech did mention it is not profitable. However, operating losses were halved in the first six month of this year compared to that time last year, Kreditech CFO Rene Griemens stated towards TechCrunch.
[TechCrunch]

Mobile.de acquires Motor-Talk

Motor-Talk was started in 2001 and became one of Europe’s car and motor online platform. Now it got acquired by Ebay’s Classfieds group’s Mobile.de for an undisclosed amount. Together, the platforms reach 13.1 million unique user per month. Both brands will remain.
[Gründerszene] (German)

Bonativo shuts down its business in London

Berlin-based grocery shopping startup Bonativo launched in three locations earlier this year and now shuts down one of them: London. With competition coming up, the Rocket Internet-invested startup decided to stop its business in the UK and focuses on Germany. It plans to launch in Hamburg soon.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels