This Week in Germany: The 13 top news stories


Nextmarkets raises €3.5 million

Cologne-based fintech startup Nextmarkets raises €3.5 million from finlab, Austrian business man Falk Strascheg, and Peter Thiel. The startups lets coaches explain how the stock market work.
[Gründerszene] (German)

Number26 gets a banking licence and renames

Berlin-based fintech startup Number26 recently mostly got bad press for first deleting account without notice upfront, and later introducing a so-called “fair use policy” that explained e.g. limitations on free ATM usage. Today, the startup announces it got a banking licence and will rename to N26. The startup promised to soon launch new features, one will be expense sharing.

Movinga founder sells company shares

The moving startup Movinga is currently going through a bit of trouble. Just a few weeks ago, the founders left the company after shutting down three markets and letting about 200 out of 500 people go. Now, the founders also got rid of their shares. How much they sold it for is unknown.
[Gründerszene] (German)

Zinspilot’s mother company raises €15 million

Hamburg-based Zinspilot’s mother company Deposit Solutions raises €15 million. Besides Peter Thiel’s Valar Ventures,  FinLab, Greycroft Partners and invested.
[Gründerszene] (German)

€1.7 million for Buying Show

Berlin-based Buying Show receives €1.7 million from Rocket Internet’s Global Founders Capital. In return, the investor receives 9 per cent of the six month old startup. Buying Show aims to connect retailers and fashion brands, according to the startup, they have over 100 brands and over 400 retailers on board already.
[Gründerszene] (Germany)

Store2be raised six-digit figure

Last week, store2be raised a six-digit figure. The startup is an online booking platform for offline promotion displays. The round was led by Project A in participation with Global Founder Club, Dr. Adrian Kiehn (Perikles Ventures) and Dr. Christian Coppeneur-Gülz (WWM).
[press release]

Blogfoster raised seven-digit amount

Berlin-based blogfoster for blog and influencer marketing received a seven-digit figure. The startup gives advertisers access to bloggers to set up their products in a target group relevant surrounding. The investment came from yabeo Capital and all existing investors, including VC Fund Technology and Axel Springer Plug and Play.
[eu-startups] raises €5.5 million

One of Germany’s answers to the US neighbor-connecting network NextDoor is Business Angel Christian Vollmann and Betterplace founder Till Behnke started in July 2015, in November other founders joined and Lakestar invested and now, German publishing house Burda leads a new €5.5 million investment round. Existing investors participated. With the fresh money the company will improve the technology, launch a mobile app and expand to other European countries.
[Gründerszene] (German)

Rumour of the day: Google wanted to invest into Movinga

People familiar with the case reported to t3n that Google was interested in investing into Berlin-based moving company Movinga. Just recently, the founders left the company after closing two markets and firing about 150 people. Bad news continued when prosecutors started looking into the suspicion of forged documents. As t3n reports that led to Google Ventures changing its mind about investing into the company.
[t3n] (German)

Unister Holding files for bankruptcy

Unister Holding now files for bankruptcy. The holding handles over 40 different websites such as,, and This news shouldn’t come as a big surprise: The company let a number of employees go last year and financial statements are missing. The two co-founders Thomas Wagner and Oliver Schilling died in a plane crash last week.
[Gründerszene] (German)

Eve raises €8.2 million

Eve raises €8.2 million. For the third time Octopus Ventures and DN Capital invest in the startup. TV channel “Channel 4” joins as a media for equity partner to support with TV commercials. With this Series B investment, Eve’s total investments comes to €12 million.
[Gründerzene] (German)

Zalando’s second-quarters earnings beat estimates

Berlin-based online shop Zalando announced its earnings for this year’s second quarter. The news affected the shares and led to the share’s highest raise ever on Frankfurt’s stock exchange. “This is particularly good news as Zalando’s margin has been declining in the last four quarters,” said Joerg Philipp Frey, an analyst at Warburg Research to Bloomberg Tech. “This positive surprise should boost the credibility of its long-term margin target.”

Iversity files for bankruptcy

Online courses platform Iversity files for bankruptcy. The Bernau (close by Berlin)-based startup says an investment round suddenly did not take place. However, CEO Hannes Klöpper states that is not the end. The plan to work with a way smaller team.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels