This Week in Germany – The Top 10 Startup News

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ReachHero raises seven-digit investment

Berlin-based social media influencer network ReachHero received a seven-digit investment from Rocket Internet’s Global Founders Capital, Lovoo founder Benjamin Bak and Axel Springer’s Plug and Play. According to the startup, over 3,600 influencer and 800 companies use its platform, that connects Youtubers and Instagram-users with marketing campaigns and brands. The new investment will be used for product development, expansion in the European market, as well as growing the team.
[Gründerszene] (German)

Dojo Madness raises $4.5 million

Berlin-based eSports startup Dojo Madness announces a $4.5 million strong Series A round. It was led by March Capital Partners. IBB (Investment Bank of Berlin) and existing investors London Venture Partners and DN Capital also joined. The startup offers an app that turns gamers’ smartphones into an eSport coach which then offers tips on strategies before and during the game, and also analyses the gamer’s in-app performance.
[TechCrunch], [Gründerszene] (German)

E.Ventures starts new $150 million early stage fund

Berlin-based (with offices in San Francisco, Beijing, Tokyo, Moscow and São Paulo) VC E.Ventures announces it has closed a new $150 million fund that focusses on early stage startups in Europe that look for seed and Series A rounds.
[TechCrunch], [Gründerszene] (German)

ProSiebenSat.1 acquires Stylight

ProSiebenSat.1 acquires the style platform Stylight. The media publishing house had previously held 22 percent, but now decided to buy the 78 per cent from share holders such as Holtzbrinck Ventures and Tengelmann Ventures. Stylight is a platform for fashion, inspiration, and shopping, and also a fashion magazine. Details remain undisclosed.
[Gründerszene] (German)

Zalando acquires shopping app Amaze

After first being a partner, Zalando is now the owner of the shopping app Amaze, which lets you pick your outfit with the well known swipe-left-or-right Tinder technique. The team of 15 people will stay with the new owner. Half of the staff, however, will move to Zalando’s tech team based in Dortmund. Details of the deal remain undisclosed.
[Gründerszene] (German)

Dedrone raises €10 million

After moving the company from Kassel to San Francisco, Dedrone Inc. just raised a $10 million round. The company’s flagship DroneTracker system detects drones or unwanted intruders. Smaller venues would need one or two of them installed on the ground somewhere around property, e.g. a stadium would need up to ten. The round was led by Menlo Ventures. Existing investor Target Partner also joined the round.
[TechCrunch], [Gründerszene] (German)

Rocket Internet invests in Goodlord

Venture capitalist LocalGlobe joins Rocket’s Global Founders Capital fund in its 2 million British Pounds round for London-based Goodlord. Different to Vendomo, which was shut down earlier this month, Goodlord is not a service itself, but offers technology to connect landlords and renters. Renters pay their holding deposits, complete their references and sign the agreement online. The company was founded in 2014 and launched in 2015. Now it has 20 employees. The investment will be used to grow the team, the user-base and launch new features.
[Gründerszene] (German)

Jochen Schweizer invests in Regiondo

Regiondo, a platform to book leisure events from cooking classes to tourist tours, raises a seven-digit amount from Jochen Schweizer, whose business is actually very similar. Besides the platform, Regiondo also offers a white label solution for those who want to sell tickets for their activity on the website themselves. They are connected to distribution partners, like to Jochen Schweitzer’s group. Schweizer’s investment was therefore a more strategic one, he explained. Existing investors Algo Handels GmbH and New Frontier Capital joined the round.
[Gründerszene] (German)

Qipp raises seven-digit amount

Not exactly in Germany, but at least nearby: Swiss all-in-one real estate app Allthings from Qipp raises about €1.8 million. The app connects landlords, renters, their neighbours as well as external services (e.g. moving services) with each other. The investment came from several business angels, like Marc Stilke, former CEO from Immobilienscout 24 Germany and Lars Grosenick, founder and CEO of Cologne-based real estate CRM software provider flowfact. Qipp sells the software to large real estate administrators, who offer it to renters for free. It has signed contracts with about 30 companies now in Switzerland, Germany, France and the Netherlands. The investment will be used to expand to more markets and open offices in Zurich and Freiburg.
[Gründerszene] (German)

GoButler changes business model – again

It was just May 2015 when GoButler was founded by a Rocket Internet trio. The idea: Having one app than handles all your request: booking a trip, ordering a pizza, buying shoes and bringing them to your house. As you can imagine, it was just a matter of time until requests went to “Tell me three jokes”, “Break up with my girlfriend” and what not. At least, that’s what is heard from former support people. However, after expanding the business to NYC, the Berlin office closed entirely, and two of the three founders left the company. In NYC, GoButlers pivoted and decided to only manage flight requests. That, as we hear now, didn’t work either. Now, GoButler, renamed to Angel.ai, aims to offer technology that supports businesses with automated conversational commerce using natural language processing.
[Gründerszene] (German), [TechCrunch]

Image: Some rights reserved by Georgie Pauwels