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


Payleven raises $10 million round

Berlin-based and Rocket Internet-backed payment startup Payleven announces a Series D round from a couple of existing investors: Holtzbrinck Ventures, ru-Net, B Cinque, New Enterprise Associates (NEA) and MePay. A new investor, Seventure Partners, also came on board. In total, that makes the startup’s raised capital $51 million.
Payleven, similar to US-based Square, offers a technology (hardware and app) for receiving mobile payment.

Pamono raises not revealed seven-figure amount

Berlin-based vintage design marketplace Pamono has raised an unknown amount from Hamburg-based publishing house Gruner + Jahr. Besides them, Switzerland-based publishing house Riniger joined the round which included cash as well as media budget. Existing investors Holtzbrinck Ventures, DN Capital and Atlantic Internet also joined the round.
[Gründerszene] (German)

Instaffo announces Seed Investment

Heidelberg-based Instaffo claims to build an automated headhunting solution for leading positions. Shortly before its launch, it announces a €850,000 strong seed round. The investment comes from Carsten Erdt, founder of the Erdt group, as well as Invenio founder Alfred Keschtges, the m:pool Beteiligungen GmbH, and Dieter Wolf.
[press release via email]

Rocket Internet shuts down carpooling app

Rocket Internet’s carpooling app TripdaTech in Asia reports. The app for regular commutes is active in 13 markets but will shut down later this week. Apparently, new investors could not be convinced to invest.
[Tech in Asia]

Delivery Hero cuts down on developers

Berlin-based meal delivery platform Delivery Hero cuts down its developer staff. 30 from 190 people were fired. After growing extremely fast from 200 to 1.000 team members, the company now focusses on fast processes.
[Gründerszene] (German)

SoundCloud’s loss in 2014: €40 million

From what can be seen in Britain’s commercial register, Berlin-based music startup SoundCloud‘s loss jumped from €23.1 million in 2013 to €39.1 million in 2014. Reason for it are mostly payroll cost that have increased.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels