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


Konux raises $7.5 million

Munich-based hardware startup Konux raised a $7.5 million round from Andreas von Bechtolsheim. Though the investor himself is also from Munich, he now lives in California and is one of Google’s very early supporters. However, besides him New Enterprise Association,Michael Baum und Warren Weiss, and TUM Fonds joined the round.
[Gründerszene] (German)

HomeToGo closes $20 million Series B

Berlin-based HomeToGo is a metasearch engine for holiday rentals. The startup, that started in January 2014, now announces its Series B round. $20 million were raised and the round was led by New York-based VC Insight Venture Partners. Existing backers DN Capital, and Acton Capital Partners joined the round.


Rocket Internet shares business figures

Berlin-based Rocket Internet’s nine most important ventures HelloFresh, Delivery Hero, Foodpanda, Global Fashion Group, Lazada, Linio, Jumia, Westwing, and Home24 increased their revenues an average of 69 per cent. HelloFresh (338 per cent) and Foodpanda (373 per cent) grew the most. All in all, the revenue of all startups together increased from €1.4 million in 2014 to €2.4 million in 2015. However, the losses all of Rocket’s startups (except for Delivery Hero) grew from €600 million to €1 billion.
[Gründerszene] (German)

13 interesting figures about Rocket Internet

Ready for some interesting figures about Rocket Internet?

  • More than 36,000 people work for Rocket Internet in 110 countries. Besides its office in Berlin (where 425 staff members work), the incubator has offices in London, Sao Paulo, New Delhi, Dubai, Singapore and Lagos. 
  • Delivery Hero itself employs 3,330 people, Foodpanda counts 3,390 people. However, Delivery Hero’s revenue was six times as big their competitors.

More is on [Gründerszene] (German)

Impraise raises $1.6 million

Former Berlin-based startup Impraise raised $1.6 million. Besides others, HenQ, Palm Drive Ventures and China Growth Capital invested in the startup that offers easy 360 degree feedback though their app. Previously, the team participated in the Y-Combinator program in San Francisco.
[press release] (German)

Self-driving cars may make it to Germany’s Autobahn soon

Chancellor Angela Merkel met with carmakers and said that they should soon be able to test self-driving cars on Germany’s roads.  Legal barriers will be removed, she promised. Also, the German government considers supporting the development of electric cars.

Casenio raises €200,000

Berlin-based Casenio AS raised €200,000 within six weeks through crowdfunding. Casenio AG works on an app that helps elderly people to use the possibilities of the internet, e.g. to communicate with their families or to get someone to buy their groceries.
[press release]

Exit for Rocket Internet

Berlin-based startup factory Rocket Internet sold its shares of Asia-based e-commerce Lazada to China-based internet giant Alibaba for $1 billion. Lazada sells e.g. clothing and electric items in Indonesia, Vietnam, Malaysia, Thailand, and the Philippines.
[Gründerszene] (German)

Medigo closes $3.5 million round

Berlin-based Medigo announces a $3.5 million investment round. CL Global Healthcare added the amount to the Series A round from December 2014. Medigo lets patients book medical treatments in other countries.
[Gründerszene] (German)

Rocket Internet starts Camping platform

Rocket Internet’s newest startup is a platform to find and contact camping spaces. Campday lets users filter camping spaces by kind (tent, caravan), date, and place. Until now, it has launched in five federal states in Germany. So far, no external funding has been raised. The business model is easy: Campday will take a fee for each booking.
[Gründerszene] (German) receives seven-digit fund

Berlin-based startup works on keyless locks. While cooperations such as Deutsche Post and the Berliner fire department already use the 2012 founded startup’s technology, the new investment will be used to develop a solution for apartment door. The investment comes from IBB and is part of a EU-fund called ProFit program.
[Gründerszene] (German)

Vamos gets acquired by Fanmiles

Berlin-based event app Vamos announces it got acquired by fan bonus platform Fanmiles. While the price is not public, CEO and co-founder Luis-Daniel Alegría explained that though the app had one million unique users and was featured on Apple’s iTunes store and on producthunt, the startup did not manage to have a steady income.
Fanmiles is recently raised a new funding round in which soccer start Philipp Larm also invested.
[], [Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels