This Week in Germany: The 11 most relevant news stories


OptioPay raises €7 million Series A Round

Berlin-based fintech startup OptioPay developed a platform that offers different options to one’s payment recipients, e.g. offering higher-value gift cards a a payment method. After having launched in 2015, the company now has 40 employees. The €7 million strong Series A Round comes vom DvH Ventures, Nord LB, Commerzbank’s Main Incubator, Berlin Ventures, Auden, and the family office Elkstone Capital.
[Gründerszene] (German)

CaterWings raises €6 million

Berlin-based and Rocket Internet-backed catering startup CaterWings raises €6 million. The marketplace for catering services raised the round from Holtzbrink Ventures, Tengelmann Ventures and Rocket Internet. As of right now, it’s active in Berlin, Hamburg, Munich, London, and Amsterdam. The investment will be used to launch in further German cities.

Savedo raises $5.6 million

Berlin-based startup for fixed-term deposits Savedo raises $5.6 million from Simon Nixon, former CEO of Moneysupermarket, a comparison website for financial services. Savedo was founded one and a half year ago by Berlin-based FinTech company builder Finleap.
[Gründerszene] (German)

Lovoo CEOs out of investigative custody

It was last week, when prosecutors stopped by in Lovoo’s office and 16 other properties, accusing the company of placing fake profiles in order to make user pay. Also, the two CEOs got arrested. Today, they were left out from investigative custody. Investigations however, are still ongoing.
[Gründerszene] (German)

Homeday raises seven-digit figure

Cologne-based real estate startup Homeday raised a seven-digit figure last month and announced it this week. Different to others in the market, Homeday does not leave real estate agents out of the game. Instead, Homeday focusses on finding the right person to handle one’s property. Project A Ventures and Paua Ventures invested a seven-digit amount. Similar to the seed round raised in 2015, the startup decided not to share further details. However, the investment will be used for marketing and product development.
[Gründerszene] (German)

Twitter Ventures invests in SoundCloud

Almost two years ago, Berlin-based music platform SoundCloud was almost acquired by Twitter. In the end though, they were not. However, now Twitter Ventures invested an undisclosed amount. Rumors have it that it’s between $60 million and $70 million. Both parties decided not to comment on the exact amount, however ReCode names these numbers, referring to sources familiar with the deal.

Chronext raises €11 million

Switzerland-based online marketplace for luxury watches Chronext raises an €11 million strong Series C. The round is led by Partech Ventures, who also invested in  the previous €5.3 million round from last November. Existing investors Capnamic Ventures, NRW Bank and InVenture Partners also participated, just as Octopus Ventures who are new to the circle. According to the startup, it grew 380 per cent within one year. The investment will be used to grow with in Germany, Austria, Switzerland and Britain. Also, Chronext will invest in marketing, IT, and customer care.
[Gründerszene] (German)

Twago gets acquired by Randstad

Berlin-based Twago is an online marketplace that connects freelancers and companies. Randstad, the world’s second largest staffing company now acquired the company that started in 2009. It was previously an investor of Twago, but now owns 100 per cent of it. Details have not been shared.
[Gründerszene] (German)

AX Sementrics raises medium seven-digit figure

Having started in 2009 in Stuttgart, AX Semantics is known for a robot that generates content, e.g. weather and sport news, traffic updates, product information or business reports. After a private investor financed a seven-digit amount back in 2014, the startup now announces a new round: German publishing houses NWZ Digital, PDV Inter-Media Venture and Müller Medien invested a medium seven-digit figure.
31 people are currently working in the three offices in Stuttgart, Berlin, and Chile.
[Gründerszene] (German)

Startupbootcamp Digital Health Berlin partners with Philips

Berlin-based early stage startups accelerator program Startupbootcamp will get more support for its Digital Health segment. Electronic giant Philips, which was founded in 1891, will give access to its software to build upon. Goal is to create innovation in healthcare and health-related technologies with focus on behaviour change, diagnostics and genomics, big data and analytics, monitoring, fertility and also women’s health.
Startupbootcamp Digital Health Berlin is currently open for applications for its 2016 program until 31 August 2016.
[press release, via mail]

Finleap raises €21 million

Berlin-based FinTech company builder FinLeap raises a €21 million round from its original investor HitFox Group in participation with others known in the insurance business, including e.g. Hannover Re, the third largest reinsurer. FinLeap co-founder and managing director Ramin Niroumand stated the company has built nine startups and invested between €500,000 and €5 million in each. One of the companies aims to be profitable this year, he adds.