This Week in Germany


eDarling’s  mother company acquires French competitor

Berlin-based Affinitas, the mother company of dating platform eDarling, acquired the French competitor Attractive World. This acquisition means the company now owns the leading dating platforms in three countries: Germany, France, and the US. While not sharing the exact number, media reports the price tag somewhere between €10 – €20 million.
[Gründerszene] (German)

Ubimax raised $6 million

Bremen-based Ubimax raised a $6 million round in July. The round came from Atlantic Bridge Capital and US-series founder Carl Westcott. Both investors also invested in AR specialist Metaio, which was acquired by Apple in 2015. However, Ubimax is looking at data glasses, with a focus on logistics and industrial usage.
[Gründerszene] (German)

Innolend raises Seed round from Rocket

Berlin-based FinTech startup Innolend announced a Seed investment from Rocket Internet through the Global Founders Capital fund. The startups wants to hand out credits to corporate clients with over €100,000 annual income. The size of the credit will be between €5,000 – €250,000, and will require cooperation with the MHB Bank. However, the size of Rocket’s investment is undisclosed.
[Gründerszene] (German)

 GoEuro closes $70 million round

Berlin-based travel planning and booking platform GoEuro announces a $70 million round led by by Silver Lake Kraftwerk and Valley VC fund Kleiner Perkins Caufield & Byers. Just last year, the startup announced a $45 million strong Series B round – in total that sums up to $145 million in funding since 2012.

Sourced raises €5.4 million

French VCs Kima Ventures and Otium Venture as well as Sunstone Capital from Denmark invested €5.4 million into Sourced. The idea behind the startup is to find the right software developers – a problem many startups and corporates know. Besides product development, the startup also wants to invest the fresh capital into new office in London, Paris, Stockholm, Amsterdam, Boston and San Francisco. For now, the team has a Berlin and a Madrid office.
[Gründerszene] (German)

IBM invests $200 million in Munich Watson HQ

IBM will invest $200 million in a brand new global headquarters in Munich, which will focus on Watson IoT business development. The idea behind it is that Watson, known for beating the world’s best human Jeopardy player, will now work with smart objects and sensors.

Runtastic takes next step into food business

Having started the business in 2009, the running and sports apps known around Runtastic were acquired by Adidas for €220 million last year. Now, the founders mention they have new plans: To loose weight without focussing on sports, they want to start working in the food sector. Though not saying what exactly they’ll present us by 2017, they mentioned it will work with apps. Products such as fitness bars, may come at some point, but for now, they’ll focus on a digital solution.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels