This Week in Germany: 11 News worth knowing about


Protonet raises $1.4 million

Hamburg-founded Protonet is known for its little orange server boxes and its participation in the Y-Combinator program. Unfortunately, with that a debate came up as the startup cut down its evaluation from €11.9 million down to $1.7 million – which the crowdfunding supporters that invested in the early stage surely didn’t count on. However, now the company raised €1.4 million from unknown investors.
[Gründerszene] (German)

Number26 published “Fair Use” policy

After deleting several 100 accounts, partly because customers used the ATM option to often, online account Number26 now publishes guidelines, or: their new business model. That includes that customers under 26 years are allowed to use the ATM to pull out cash five times per month, over 26 just three times. However, getting cash at partner supermarket with Cash26 will remain free.

Spotcap gets €14 million

Berlin-based lending platform Spotcap gets €14 million. Different to other financial deals this is not an investment but a debt-financing deal which means the startup will lend it to customers, pay back with interest and not hand out shares.
However, Spotcap decided not mention where the money came from.
[Gründerszene] (German)

Siemens starts investment program Next47, aims to invest €1 billion within the next five years

Siemens, founded in 1847, became an international company that is known in different areas such as trains, medicine tech, and wind power – just give examples. While it took part in many trends, it missed out, when Cisco knocked on their door in the late 80’s. Back then, Cisco was a small, unknown company, talking about telephone technology which Siemens rejected. A mistake, as it turned out. To prevent such, Siemens now starts a unit called Next47 – 47 refers to the founding year. This unit will look for innovation and invest €1 billion within the next five years.
[Gründerszene] (German)

Check my Bus raises seven-digit figure

Nuremberg-based CheckMyBus compares long-distance busses from over 300 companies in 50 countries. Now, the startup that was founded in 2013 raised a seven-digit figure. Besides the founders themselves, Howzat Partners and business angels Cornelius Boersch and Bernd Dietel participated in the round.
[Gründerszene] (German)

Service Partner One raises $10 million

Berlin-based Service Partner One brings booking and office management services to websites and/or iPads. It now raised a $10 million Series A round which is led by EQT Ventures, with participation from Earlybird, Target Global, Rheingau Founders, Ringier Digital Ventures, and Vito Ventures.

Rhebo raises €2.5 million

Leipzig-based Rhebo wants to protect industrial facilities from hacker attacks. After participating in the Spinlab Accelerator last year, it now raises €2.9 million from eCapital and Technologiegründerfonds Sachsen. The investment will be used to grown in the DACH region.
[Gründerszene] (German)

Swiss FinTech acquires Paymill

In April this year, Munich-based fintech Paymill filed for preliminary insolvency proceedings. Now, the Stripe copycat got acquired by Swiss payment provider Klik & Pay. Overall, Rocket Internet-backed Paymill received €18 million in funding since 2012. Paymill’s product will continue to be offered. More details of the deal have not been shared.
[Gründerszene] (German)

DCMN acquires 1SDK 

Berlin-based growth marketing specialist DCMN has acquired mobile attribution startup 1SDK. The two teams will combine their expertise to develop new mobile marketing products. The amount stays undisclosed.
[press release] raises from Facebook investor started in 2012 and now raised €45 million from TCV (Technology Crossover Ventures), who are known from its investments in Facebook, Expedia, Spotify, Groupon, and GoDaddy. Different from e. g. Mister Spex, uses a multi-channel strategy: 700 stores in Germany, Austria, England, and Spain consult customers and sell the products. More details of the deal remain undisclosed.

Coming up

13 – 15 July

Tech Open Air 2016
Place: Funkhaus Berlin, Nalepastraße 18, 12459 Berlin
Costs: €79 – €420

Tech Open Air is Europe’s leading Interdisciplinary Technology Festival. Connect and learn with top-tier entrepreneurs, artists and scientists at the beautiful Funkhaus Berlin. Experience inspirational storytelling, interactive panels, knowshops, pillowtalks, art installations, live music and so much more… On top of that this year more than 175 satellite events will transform Berlin’s creative community into an interactive hub for tech.

Photo credit: m.a.r.c. via Visual Hunt / CC BY-SA