Today in Germany: HelloFresh, Sicoya

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HelloFresh pulls back IPO

Rocket Internet-backed and Berlin-based food box delivery startup HelloFresh recently announced an IPO. Now, it pulled back. As Financial Times reports, an investor pointed out the startup’s burn rate and its high spendings on promotions to attract customers. However, HelloFresh is not the only one pulling back – many startups, e.g. French music streaming service Deezer, also decided to give it some more time.
[FinancialTimes]

Target Partners invests €3.5 million in Sicoya

Berlin-based Sicoya announces it got new funding: The company that develops integrated silicon photonics based microchips for optical interconnects raised €3.5 million from Target Partners.
[pehub]

Image: HelloFresh