This Week in Germany: 7 News Stories you don’t want to miss


Box at Work startup raises €5.5 million

Berlin-based Box at Work offers boxes to pack up things in, but, even more important: space to keep it in. If your attic or your basement is full –or you don’t have one– this solution is for you. The service picks up your stuff and returns it. Startups like MakeSpace and Boxbee work on the exact same idea are US-based. Box at Work, who is leading in this business in Europe, however, will now expand oversees as well. Therefor, it raised €5.5 million Series A round from a Dutch family business.
[Gründerszene] (German)

Number26 raises €40 million

Berlin-based fintech startup Number26 recently faced a shit storm after shutting down members accounts without any notice. Later on, reasons became clear: While some may have been frauds, other user simply used the ATM too often – which caused too high fees to Number26. After the communication disaster however, the company now works on a Fair Use Policy. Nevertheless, the company raised a €40 million Series B round. It was led by Horizons Ventures, in participation with Battery Ventures and private investors such as Zalando’s board members Robert Gentz, David Schneider and Rubin Ritter. Existing investors Valar Ventures, Earlybird Ventures, and Redapine also joined.
[Gründerszene] (German), [VentureBeat]

Movinga founders leave their company all of a sudden

Berlin-based moving startup Movinga grew extremely fast – as the founders emailed their employees on Friday: Too fast. With a burn rate which ate up the $25 million raised earlier this year twice as fast as it should have, the company has decided to shut down two markets, Italy and Great Britain, firing about 150 of 500 employees. Also, the two founders, Bastian Knutzen and Chris Maslowski, are leaving the company and will become board members.
[Gründerszene, Friday] (German), [Gründerszene] (Update)

Savedroid secures €1 million investment

Frankfurt-based fintech startup Savedroid helps millennials save money. When surfing on Instagram, doing sports or even spending money on Amazon, one can transfer a small amount to a separate account to save up for a bigger investment, a vacation or a laptop. All that is done with an IFTTT (If This Than That) function, that can be activated with certain apps and a connection to one’s checking account. While the app just started as a beta version today, it already convinced ISB (Investitions- und Strukturbank Rheinland-Pfalz) and several business angels to invest €1 million.
[Gründerszene] (German)

Rocket Internet backs Loot

London-based fintech startup Loot announced a funding round this week. The app offers a pre-paid card with a money management app to give users insights about their spendings. The $2.2 million strong Series A round came from Speedinvest and Rocket Internet’s Global Founders Capital.
[Business Insider]

Art startup Juniqe raises €14 million

Berlin-based Juniqe is marketplace for curated art. This week, the two year old startup announces a  €14 million in Series B round. It was led by Highland Europe, with participation of existing investors Vorwerk Ventures, High-Tech Gründerfonds, and Redalpine. The investment will mainly be used for further expansion in Europe.
[TechCrunch], [Gründerszene, News] (German), [Gründerszene, Interview with CEO Lea Lange]

McMakler raises €8.5 million

Berlin-based real estate startup McMakler announces a €8.6 million strong investment round. The investment comes from Frog Capital as well as existing investors Piton Capital, Mutschler Ventures and Cavalry Ventures. The startup’s solution lets users organise renting and selling real estate properties.
[Gründerszene] (German)


Eggs in the the winter, fruits in the summer time – a breakfast startup shares its insights

“We started out by renting the kitchen of an Indonesian restaurant on weekends,” co-founder Steffen Oldenburg tells me, looking back to September 2015. Together with his co-founder Dominik Senk and four friends he founded EarlyTaste, a startup that delivers breakfast, in Cologne. But what sounds like pizza delivery for scrambled eggs and smoothies does in fact have more to it.

Teen Founder Ben Pasternak: Hoverboarding to investor meetings

Ben is only 16 years old and has received investments (in the low millions) from investors who put their money in Snapchat and Twitter. His product: an app that allows young people specifically to buy and sell used items – in Instagram style. Before that he made the mobile game Impossible Rush, which he sold successfully. More on:

Five personal investments to make this summer

While there may be no clear-cut path to success, there are some investments that never decline in value. Founders and CEOs often make it clear that doing well in business is more than achieving targets. Personal goal-setting and widening world views are equally important. These are personal things that make you more insightful, keep you balanced and will help you down the road.

What the 26 Billion of LinkedIn means

It was the surprise of last week: The US giant Microsoft bought the career network LinkedIn – for more than 26 billion dollars. The technology company paid 196 US dollars per share for the listed company. Thus, the purchase price is nearly 50 percent above the value of LinkedIn’s shares from trading last Friday.

Image: Some rights reserved by Georgie Pauwels