Today in Germany: Kreditech, Friendsurance, Mesosphere


Kreditech raises $11 million

Hamburg-based loan and financial services startup Kreditech announces a $11 million Series C round, which was led by J.C. Flowers. PayPal co-founder Peter Thiel, Amadeus Capital Partners, Värde Partners, HPE Growth Capital and Blumberg Capital participated as well. That brings the overall investment to about $150 million.
Kreditech offers its service to customers with little to no credit history.
[TechCrunch], [Gründerszene] (German)

Friendsurance raises $15 million

Berlin-based insurance platform Friendsurance wants to reshape the way customers and insurance agencies interact by making it a community effort. What this means is people are put into small groups based on the type of insurance needed. For example, property or legal expenses insurance would be grouped. The groups receive rewards of a cash-back bonus each year they remain claimless. This idea convinced Hong Kong’s Li Ka-Shing’s Horizons Ventures a second time and led to a $15 million strong Series B.

Mesosphere raises $73.5 million

Founded by the two Germans, Florian Leibert and Tobias Knaup, with headquarters in Hamburg, San Francisco and New York, Mesosphere announces a $73.5 million strong Series C round. The startup built a data center operating system. The round was led by Hewlett Packard Enterprise in participation with Microsoft. A Capital, Andreessen Horowitz, Fuel Capital, Khosla Ventures, and Triangle Peak Partners also joined.

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