Today in Germany: Kitchen Stories, Kreditech, DaWanda, Minimum Wage, Wooga

Kitchen-Stories (1)
Kitchen-Stories (1)

Kitchen Stories and Kreditech announce financing rounds, and more.

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Kitchen Stories raises $1.8 million from various investors

The mobile app Kitchen Stories announced today a $1.8 million investment round led by Point Nine Capital and Bertelsmann Digital Media Investments. The Berlin-based startup may have been flying under the radar in terms of press, but in the meantime has been scoring 3 million downloads. The founders of Kitchen Stories have named community building as their next priority to make the app the number one cooking app in the world.
[TechCrunch]

Kreditech receives $200 million in funding

Hamburg-based Kreditech has just closed a large round of financing from Victory Park Capital. Kreditech lends money to customers who have little or no credit rating. This deal represents one of the largest funding rounds that has occurred in online lending services. That may well match the company’s ambition to become the “Amazon for consumer funding.”
[TechCrunch]

DaWanda Receives Majority Investment from Insight Venture Partners

DaWanda announced today that prior investor Insight Venture Partners has acquired a majority stake in the company, alongside new investors Global Founders Capital, Enfield, and Kersiwood. DaWanda is a Berlin-based online marketplace for handmade goods. The new financing round will be used to further national and international expansion.
[Gründerszene]

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5 Key Facts about the New Minimum Wage in Germany

s your New Year’s Resolution to earn more money?   You may get some surprising assistance – from the German government!  Germany launched its first-ever minimum wage laws on January 1st, 2015.  Check out the following facts to learn more about how the new laws may affect you.
[VentureVillage]

Wooga plans new game release

Find out more news on Uber, Daimler, and Rocket Internet here.

Image Credit: Kitchen Stories