This Week in Germany: The Top 10 Startup Stories

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Contentful raises $13 million from Benchmark

US-based VC Benchmark is known for its investments in Dropbox, Twitter, Uber, Snapchat and Instagram. Now, it leads the $13 million Series B round for Berlin-based content management system for developers Contentful. Besides them, Trinity Ventures joined. Existing investors Balderton and Point Nine Capital participated. Contentful makes it easy for developers to share content between different platforms and apps. Instead of relying on browser based CMS, the company accesses content via the API and hosts the content on its servers.
[Gründerszene] (German)

Searchmetrics takes $8 million loan

Berlin-based SaaS startup Searchmetrics needed new money, but didn’t want to raise another round. Therefore, it took a loan from Kreos Capital, Europe’s leading growth debt provider for high-growth companies. The investment is needed for product development, further expansion and customer support. Kreos Capital is known for helping out Kreditech and Uber’s competitor, Gett.
[Gründerszene] (German)

AdTriba raises Seed Round

Hamburg-based SaaS company AdTriba receives a Seed Round from HTGF (High Tech Gründerfonds). The exact amount was not communicated, however, HTGF usually invests €600,000. The marketing technology startup allows advertisers to track, control and optimise marketing activities through data science and user journey analysis.
[HTGF blog]

$2.5 million for TwentyBN

Berlin-based Twenty Billion Neutrons (TwentyBN) announces a $2.5 million Seed Round. The four founders, who met at the University of Bielefeld in the 90’s, all hold a PhD in computer science and work on A.I. and deep learning (machines understanding new things like the human brain would). The investment comes from a US-based business angel.
[Gründerszene] (German)

TourRadar raises $6 million

Vienna-based (yes, Vienna in Austria, next to Germany – close enough to mention it here) TourRadar lets users book group trips. Berlin-based CherryVentures and Hoxton Ventures from London led a $6 million Series A round. Existing investors AWS Gründerfonds and Speedinvest participated in this round as well. The investment will be used to grow the team from 30 to 70 people and increase marketing activities.
[Gründerszene] (German)

Prosecution investigates at Movinga

Moving startup Movinga grew extremely fast. After launching in 2015, it grew to about 500 staff members until today and has raised a total of €35 million. Now, prosecutors are looking into the suspicion of forged documents. The startup decided not to share more details at this point.
[Gründerszene] (German)

Pets Premium and ePetWorld merge

Both Munich-based platforms that specialized in pet shops Pets Premium and ePetWorld merge. The new holding company is called Alphapet Ventures and both parties contribute the same amount of shares to it. As one, they have almost half a million clients.
[Gründerszene] (German)

 

21sportsgroup raises eight-figure investment

Mannheim-based 21sportsgroup raises another eight-figure amount. After having acquired Planet Sports and Mysportsgroup last year, the new investment will be used to further business expansion. The round was led by Landeskreditbank Baden-Württemberg which now hold 17.5 per cent of the company.
[Gründerszene] (German)

Dropbox opens an office in Hamburg

Twitter and Facebook are not the only ones with offices in Hamburg. Hootsuite also just joined the club last week and now Dropbox opens its first office there. After Dublin, Paris, Amsterdam and London, it’s Dropbox’s fifth European office. The company also plans to open a data centre in Europe later this year.
[businesscloudnews]

Keller Sports takes a €5 million loan from Commerzbank

Munich-based sports article trader Keller Sports takes a so-called borrowing base loan from Commerzbank. The startup was founded by the brothers Moritz and Jakob Keller in 2005 and sells high-end sports equipment. Now the shop is available in seven languages and operates in 32 countries. Three times in a row Scout24 co-founder Christan Mangstl invested. The new investment will be used to open an offline store in Munich to focus on brand and customer experience.
[Gründerszene] (German)

 

Image: Some rights reserved by Georgie Pauwels