29. April 2016–
Maklaro raises undisclosed amount
US-based real estate company Jones Lang LaSalle (JLL) invested in undisclosed amount in Hamburg-based real estate startup Maklaro. However large the size of the investment is, JLL now holds 16 per cent on the startup, which first launched in 2013 with the name InCheck24.
Rocket Internet shares dropped again
After the news of the Global Fashion Group’s valuation drop (from $3 billion to $1 billion), investors seem to question Rocket Internet’s operations in general. Bank of America Merrill Lynch, which advised Rocket’s IPO in October 2014, cut the stock to “underperform”, and gave it a new price target for the stock: €19. The shares were valued at €42.50 at the IPO.
Paymill is filing for preliminary insolvency proceedings
Munich-based fintech startup Paymill is filing for preliminary insolvency proceedings. The startup is backed by Rocket Internet and started as a competitor to US-based Stripe. Since 2012, where it first launched, Paymill raised an overall amount of $18 million. Besides Rocket Internet, Blumber Capital and Holtzbrinck Ventures invested.
Seven-digit amount for Enit
Freiburg-based energy startup Enit Systems announces a seven-digit investment. The startup offers an energy management platform to overview and organize decentralized energy systems. The investment comes from Sparkassen’s S-Beteiligungsgesellschaft.
SumUp and Payleven merge
The two fintech startups SumUp and Payleven merge their businesses. Both offer software and hardware that lets you use your smartphone for debit and credit card transaction. The new company will continue with the name SumUp and have SumUp’s previous CEO and founder Daniel Klein as the new head of the company as well. Both parties decided to not share any further information about the deal.
Global Fashion Group raises $339 million
Rocket Internet’s Global Fashion Group announces a $339 million funding round at an valuation of $1.1 billion. That’s particularly interesting because just one year ago the valuation was over $3 billion.
[Tech In Asia], [Gründerszene] (German)
Tado raises $23 million
Munich-based Tado makes smart thermostat and AC control products and is sometimes referred to as “Europe’s Nest” (Google’s thermostat solution). With its third funding round worth $23 million, the startup has now raised a total of $57 million. The round was led by Inven Capital, previous investors such as Siemens AG, and Statkraft Venture Capital, the investment company of Europe’s largest producer of renewable energy also join. Additionally, Target Partners, Shortcut Ventures and BayBG also came on board.
Heilemann Ventures and Earlybird merge
Berlin-based VCs Heilemann Ventures and Earlybird merge their businesses. They have already co-invested in the moving startup Movinga and the fintech startup Cashboard. Together, they are now working on getting a €150 million fund ready.
Deltamethods announces exit
Berlin-based marketing software startup Deltamethod sold its company to Crealytics, an international search and product ads company. Besides Klaus Hommels, E.Ventures and IBB’s Pro-Fit-Programm invested in Deltamethods. Details of the deal remain undisclosed.
Casper launches in Germany
Two years after mattress startup Casper launched in New York, it will now come to Germany. It told TechCrunch that Germany is the biggest market in Europe and that they plan to launch in Berlin this summer. CEO Philip Krim said the reason for doing so is not only the cost of doing business, but also the great startup ecosystem.