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

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HelloFresh plans IPO

Berlin-based weekly meal kit delivery service HelloFresh announces it plans to hold an IPO in Frankfurt, Germany. The Rocket Internet-backed startup raised a €75 million round in September which led to a €2.6 billion valuation. After starting in 2011, it is now available in several countries, including the U.S., and delivered 13.2 million meals to customers last year, according to company information.
[bloomberg]

Trader raises a €1.5 million

Berlin-based Classic cars platform Classic Trader announces a €1.5 million investment. The round is led by Linden Capitals, a couple of business angels also joined. The platform buys and sells classic cars. The investment will be used to expand the platform to other markets, invest in different services, and in growth.
[Gründerszene] (German)

WeWork opens office in Berlin

The US co-working giant WeWork will keep expanding and will open offices in Berlin in spring 2016. As of right now, it was mentioned that these will be at Torstraße in Berlin Mitte, at Potsdamer Platz and near Zoologischer Garten.
[Gründerszene] (German)

Basslet raises Seed Round

Berlin-based hardware startup Basslet announces it has raised a Seed Round. The round is led by Horizons Ventures, which also invested in Jobspotting, and Friendsurance, Spotify, Facebook, and Skype. Swiss-based Talos also joined the round. Basslet is a music bracelet that is worn with headphones and that delivers very deep music frequency to the skin which lets user feel the music.
[Gründerszene] (German)

Eversport raises €1 million

Since there’s not much news from Germany today, why not mentioning what’s going on in Austria: Eversport, a startup that lets you find, and in some cases book, sports grounds in Germany and Austria. The round was led by Point Nine Capital and RTAventures, who invested €800,000. US Accelerator Techstrars, 6Wunderkinder founder Christan Reber, Mariusz Gralewski from DocPlaner, Louis Pfitzner from Salonmeister and several Austrian business angels also joined the round.
[Gründerszene] (German)

Insurance app raises about €14 million Series B round

Not Germany but Switzerland-based insurance Knip announces an almost €14 million round, led by Route 66 Ventures. Existing investors joined the round. The app lets user have an overview about ongoing insurances in its mobile app. The investment will be used for further product development,  but also for TV spots which will be shown in Germany and Switzerland.
[TechCrunch]

Acton Capital Partners closes second growth fund

Munich-based Acton Capital Partners has closed a second funding round worth €170 million for it’s Heureka II Growth Fund. Part of it came from the European Investment Fund, the European commission, Hubert Burda Media, KfW bank group, the UniCredit Bank and several family offices. Heureka II’s portfolio already includes vacation home search engine HometoGo and the mobile commerce platform Tictail.
[Gründerszene] (German)

Exit in Cologne: ParStream gets acquired by Cisco

Cologne-based ParStream was acquired for an undisclosed price by Cisco System Inc. ParStream is a Big Data analytics that operates in Cupertino, California, and Germany, and has previously raised $14 million in venture funding from Khosla Ventures and other investors since it launched in 2011.
[bizjournals]

 

Image: Some rights reserved by Georgie Pauwels