Today in Germany: SoundCloud, Movinga



SoundCloud reorganizes its company structure

Eight years after having started its business, SoundCloud decided to lay off staff to restructure the company and embed a paid premium service. As a spokesperson explained to Gründerszene, SoundCloud lays off 15 – 20 staff members. However, new people will be hired. Unclear is, how many.
[Gründerszene] (German)

Moving startup Movinga raises €25 million

Berlin-based Movinga raises a €25 million strong Series B – just one year after it was founded. The investment comes from Index Ventures as well as exiting investors. In Q3 last year, Movinga announced two seven-figure funding rounds in which e.g. Earlybird Venture Capital, Heilemann Ventures, Global Founders Capital (Rocket Internet) and business angels such as Florian Heinemann (Project A Ventures) and Christian Vollmann (MyVideo) participated.
[pehub] (press release), [Gründerszene] (German)

 Image: Some rights reserved by juannomore