This Week in Germany – The News Summary


Zalando acuqires Tradebyte

Berlin-based online stopping house Zalando acquires Ansbach-based IT startup Tradebyte. Reason for the acquisition is to help digitalize the stock in brands’ warehouses. The price stayed undisclosed.



Auctionata acquires Paddle8

Berlin-based Auctionata acquires its US-competitor Paddle8. Together, the companies have a revenue of €132 million, the companies state. Both brands will remain. Further details have not been shared.

Jonny Fresh acquires WashNow

Berlin-based dry cleaner service Jonny Fresh acquires its Munich-based competitor. It will also launch its service in Vienna, Austria, now. Details of this deal as well, stayed, undisclosed.
[Gründerszene] (German)

Study: This is what you earn in startups

What is more important: a degree or work experience? And do female and male employees earn the same? That and more is shown in the Berlin Startup Study released today which we examined. Small spoiler: It seems Berlin-based startups pay better than those outside Germany’s capital.

Orderbird raises €20 million

Speaking of money: Berlin-based payment startup Orderbird offers a tablet register solution for gastronomy. Today, it announces a €20 million Series C led by Digital+ Partners, along with strategic investor Metro Group. Existing investors joined.
[Gründerszene] (German), [TechCrunch]

Cherry Ventures starts new €150 million fund

Cherry Ventures, started by two former Zalando managers (later joined by Citydeal and Quandoo founder Daniel Glasner) is known for its investment in Amorelie, Flixbus, and Lesara. With its new €150 million fund the VC will continue to focus on early stage startups and consumer tech. The goal is to make 15 investments per year. Each will be between €300,000 and €1 million large. Cherry Ventures will request between 10 – 15 percent equity.
[Gründerszene] (German), [TechCrunch]

UberX to launch in Berlin in June 2016

Uber has to fight battles almost everywhere it launches and one of the big battles takes place in Germany. UberPop, the peer-to-peer service, and UberBlack were forbidden during the fight between German taxi companies and Uber, which is going on for over two years now. This weekend, Christian Freese, Uber’s representative for Germany, announced UberX’s launch in Berlin in June 2016. Different to UberPop and UberBlack, the drivers will have a passenger transport licence.
[onlinehaendler-news] (German)

Adesso AG acquires Smarthouse Media

Dortmund-based IT service provider acquires Smarthouse Media GmbH. After being founded in 1999 in Karlsruhe, the company sold 91 per cent of its stock to Axel Springer Ventures in 2000. Smarthouse Media runs over 300 websites in the financial sector and is part of client projects. Adesso paid about €24 million for its new acquisition.
[Gründerszene] (German)

Hello Fresh and Thermomix team up

Rocket Internet’s food box delivery startup Hello Fresh starts a cooperation with Vorwerk’s Thermomix. Thermomix, an expensive but very popular kitchen machine, combines twelve major kitchen appliances in one. With the market being tricky and compition growing, HelloFresh’s move is clever, however, new recipes still need to be figured out.
Vorwerk’s Venture is also one of Hello Fresh’s investors.
[Gründerszene] (German)

Berlin’s cost of living

The times of Berlin being the cheapest but coolest place out there are gone. Are they really though? Compared to years ago: probably. But which place isn’t? But compared to other capitals it’s still a very moderate place to live. A detailed look into Berlin’s cost of living:

Image: Some rights reserved by Georgie Pauwels