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



Cisco opens innovation center in Berlin

It’s the 9th of its kind worldwide: Cisco invests $30 million in a new innovation hub in Germany’s capital. The openBerlin has space for startups, Cisco clients and staff, and offers conference rooms, quiet workspace and creative rooms.
[Gründerszene] (German)

Another Rocket Internet startup lays off staff

Amsterdam-based travel startup Travelbird decided to shut down its businesses in Portugal, Spain, Italy, Hungary and Poland. 12 countries, including the Netherlands, will continue its business. However, about 100 staff members will probably be fired.
[], [Gründersezene] (German)

 Iversity hits one million enrollments and raises additional funding

Berlin-based online course platform Iversity announces it hit one million enrollments and a seven-digit investment. The round was raised from existing investors BFB Frühphasenfonds Brandenburg, WestTech Ventures and Deutsche Telekom Venture Funds. One third comes from the company’s management team.
[thehansindia], [Gründerszene] (German)

Zalando surprises with its third-quarter loss

Berlin-based online shopping giant Zalando surprises with an expected loss of €18 million to €32 million. Earlier, analysts have forecast a €3 million profit. Reason for the results are investments: The company has worked on its mobile and platform strategy and has increased its marketing budget
[FT], [Gründerszene] (German)

Wummelkiste files for bankruptcy

Berlin-based arts and crafts startup for kids claims for bankruptcy.
[Gründerszene] (German)

Rocket Internet’s cleaning platform Helpling hands out its Spanish business

In exchange to the French market, Helpling hands its Spanish clients over to GetYourHero, a cleaning service launched by three Germans. Helpling also sold its business in other markets: In Sweden it sold to tidyapp, in Brazil to parafuzo and to cleanify in Canada. Details of the deals remain undisclosed.
[Gründerszene] (German) [Update: October 20th, 2015. In an earlier edition it said, Helpling left for markets.]

ProSiebenSat.1 acquires Swedish online travel agent

Germany-based media house ProSiebenSat.1 announces a new acquisition: It bought the Sweden-based travel startup Etraveli. It was bought from Segulah, a private equity company who bought the startup in 2010. It will launch in Germany soon, the startup stated.
[tnooz], [Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels