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



Luxury hotel platform Escapio announces exit

Berlin-based luxury hotel platform Escapio launched in 2004. Founded by Uwe Frers, the company has been acquired by Mairdumont, which also owns brands such as Marco Polo. Details of the deal remain undisclosed, however, Frers will remain CEO.
[Gründerszene] (German)

Cobi raises €6.3 million

Within less than 12 months, Frankfurt-based bike startup Cobi announces a second funding round: new and existing investors such as Munich Venture Partners, Creathor Venture and Capnamic Ventures as well as private investors raised €6.3 million. The startup wants to make biking smarter by using a smartphone app that makes bikes theft-proof and offers navigation.
[Gründerszene] (German)

Rocket Internet sells Bonnyprints

Berlin-based Rocket Internet’s card startup Bonnyprints is sold to Toulouse-based Planet Cards. Both companies offer personalized post cards, e.g. for birthdays or weddings. As so often, details remain undisclosed.
[Gründerszene] (German)

No works committee at Goodgame Studio

Hamburg-based gaming company Goodgame Studios voted 62.8% against having a works committee. Yesterday (Tuesday, January 19th, 2016) the voting took place among 1,035 staff members. Spiegel reports that Chief Strategy Officer Maximilian Schneider had previously explained that works committees are an old-fashioned format.
[Gründerszene] (German)

Factory acquires Silicon Allee

Berlin-based startup and tech blog Silicon Allee has been acquired by Factory. For everyone’s understanding: We are not speaking about Factory Berlin – though it does in fact include some of the Factory members. Factory wants to grow internationally and work on becoming “a network of spaces built to support entrepreneurs and foster innovation”.

Rocket Internet fund raises $420 million

Berlin-based company builder Rocket Internet closes the first round of its “Rocket Internet Capital Partners Fund” with $420 million. Different to other funds, this one will be used for later stage investments. The idea is to become more independent from third-party investors.
[Gründerszene] (German),  [livemint]

Beacon startup Favendo raisese seven-digit figure

Bamberg-based Beacon startup Favendo just recently announced a big deal: Ströer Digital Group bought 50,000 of Favendo’s Beacons for their out-of-home campaign boards. Now, US and Europe-based investors have invested in the startup again. It sums up to a seven-digit figure, Favendo stated.
[Gründerszene] (German)

Lieferando acquires Food Express

Not too long ago, Food Express had filed for bankruptcy. Food Express, which offers food delivery from restaurants that don’t have their own service, was first supported by Delivery Hero. However, when they decided not to invest anymore, things went bad for Food Express. Food delivery platfrom Lieferando now announces it acquired the startup. Details remain undisclosed.
[Gründerszene] (German)

ElitePartner fires 15 staff members

After being founded in 2004, Hamburg-based dating platform ElitePartner was sold to the UK-based Oakley Capital for €22 million in 2015. The company also owns the Hamburg-based competitor Parship. Now, however, it became official that ElitePartner is restructuring the company and therefore has to let 15 of its 90 staff members go.
[Gründerszene] (German)

News from DLD

DLD, Burda’s digital conference, is currently taking place in Munich. This morning, WhatsApp’s CEO Jan Koum announced dropping the messenger’s annual $0.99 subscription fee. Instead, the company will focus on commercial services. That includes, for example, customer support from businesses with their clients.

Image: Some rights reserved by Georgie Pauwels