This Week in Germany: 10 News to know about

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Porsche Digital invests in Cologne-based parking solution startup

Car manufactor Porsche invests in Evopark, a Cologne-based startup that show available parking spaces in parking houses. Also, the users have access to an electronic parking ticket instead of a paper one, and get an invoice once in month. Porsche Digital invested a seven-digit amount.
[Gründerszene] (German)

Partech Ventures raises €400 million 

Berlin-, Paris- and San Francisco-based growth VC Partech Ventures raises €400 million to invest in “established” startups. When Partech Ventures enters the room, they usually put between €10 million and  €50 million on the table.
[TechCrunch], [Gründerszene] (German)

Bertelsmann invests in Indian FinTech

Media publisher Bertelsmann leds the €32 million strong Series B round of India-based Lendingkart. The lending platform will use the new capital for improve its data science which calculates the creditworthiness of small businesses. Besides Bertelsmann India, Silicon Valley- based Mayfield also participated in the round.
[techstory]

Liqid receives investment

Berlin-based trust administration startup fintech Liqid received a seven-digit amount from German publishing house Handelsblatt, more specific it’s group VC arm Dieter von Holtzbrinck Ventures. The investment also includes media cooperation budget.
[Gründerszene] (German)

€3.3 million for Smaac

Potsdam-based fintech startup Smacc aims to bring accountant to the digital age with its own soft- and hardware. To expand and to grow the team, it now raises a €3.5 million strong Series A round from Cherry Ventures, Rocket Internet, Dieter von Holtzbrinck Ventures and Grazia Equity.
[Gründerszene] (German)

Update: Lovoo CEO steps down

After dealing with prosecutors who said the company places fakes profile in order to make users pay over the past few weeks,Lovoo‘s CEO Benjamin Bak steps down.
[Gründerszene] (German)

TOA receives investment

One of Berlin’s most known startup and tech conference Tech Open Air raised capital to expand. The group of investors in the event and community venture includes the founders of companies like SoundCloud, 6Wunderkinder, Zalando, Project A, Delivery Hero and HelloFresh. The Family, The Collective, angel investor Christophe Maire and German industry companies like Viessmann also participated in this round.
[tech.eu], [blog post]

LocaFox and Simply Local become one

Berlin-based LocaFox and Göttingen-based SimplyLocal, both online marketplace for local businesses, join forces and will from now on work as one under the brand of LocaFox. SimplyLocal belongs to the Media-Saturn-Holding, which now partly owns LocaFox.
[locationinsider] (German)

Rocket Internet invests in health startup

Humanoo is a Ingoldstadt-based health startup that wants to offer live chats for personalized fitness exercise, diet and relax programs. It is currently tested and is supposed to start in August this year. Now, Rocket Internet invested an undisclosed amount.
[Gründerszene] (German)

Rumors declined: Alibaba won’t invest in Wirecard

On Monday, media outlets spread the rumors that Alibaba is considering investing in the German fintech Wirecard, based on an article from Bild. That has now been declined. A spokesperson of Alibaba explained to Berliner Morgenpost, that AliPay, Alibaba’s payment solution, does not consider investing 25 per cent or more.
[Berliner Morgenpost] (German)

Image: Some rights reserved by Georgie Pauwels