27. October 2016–
Jimdo lays off 25 per cent of its staff
Known as the Hamburg startup success story, Jimdo, which offers a website-building tool box, started small, grew and just last year, raised €25 million (27.3 million USD). That is why Wednesday’s announcement, that 25 per cent of the staff will leave the company, came as quite a surprise. A 25 per cent cut amounts to 70 of the 258-people team. The idea behind the cut is for the company to become more efficient and innovative with a smaller team.
Payment App Cookies files for bankruptcy
The peer-to-peer payment app Cookies, that launched two months ago with hype, announced a sudden end on Wednesday. The company’s big promises last year convinced investors, such as StudiVZ founder Ehssan Dariani and Holzbrinck Digital, to participate in a €1.5 million strong Seed Round. Co-founder Lamine Cheloufi said the reason for the company’s hasty exit is his former co-founder’s behaviour, which made a bridge investment impossible.
[Gründerszene] (German), [Cookie’s blog] (German)
Humly files for bankruptcy
Berlin-based anti-depression startup humly launched six months ago and announced it will file for bankruptcy. The reason? Humbly is a very complex product that took a lot of money and man power and had a very hard time gaining traction. The startup wanted to charge €9 monthly for a personal consulting plan and online courses. They also planned to charge €49 if doctors would join via chats.
Image: Screenshot Jimdo