Today in Germany: Zalando, Cisco, eGym


Zalando is more than just a fashion online shop

While many may still think of Berlin-based fashion giant Zalando as an online shop, the company is actually trying very hard to become a platform where people can connect to fashion instead of just buying. That includes working together with brands e.g. on online and mobile storefronts, payment solutions, and delivery options.

Cisco invests in Berlin for it to become a smart city

Cisco and the Berlin Senate Department for Economics announces a deal over the weekend. The MoU (memorandum of understanding) covers mHealth, cyber security and building a general network infrastructure for the platform. Besides that, Cisco will invests $500 million in Germany’s national Deutschland Digital initiative. Over the next three years, Cisco plans e.g. to push the testing of 5G networks.

eGym raises $45 million

Munich-based eGym announced a $45 million Series C round. The startup offers cloud-connected gym equipment, a software and a training app. Having started in 2012, 1,000 of Germany’s 6,000 gyms already use the product, e.g. Fitness First. The round was led by a new investor: HPE Growth Capital. Existing investors also joined.

Image: Alex Hofmann / Gründerszene