This Week in Germany

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Candis raises seven-digit investment

The Berlin-based startup Candis, which automises the booking of small- and medium-sized businesses, announced a seven-digit investment. Two new investors, Commerzbank’s Main Incubator and Vienna-based Speedinvest, helped the startup reach this amount, as did previous investors Point Nine Capital and Fly Ventures. In 2016, Candis, which grew out of a hackathon idea, received over one million euros. The startup said they plan to use the most recent investment to improve the product and expand their IT team.

[Gründerszene] (German)

Weltsparen raises 30 million euros

The Berlin-based FinTech startup Weltsparen, which offers clients opportunities to place funds in countries like Italy and Portugal, announced raising 30 million euros (31.9 million USD) Thursday. Thrive Capital led the round, in participation with Rabbit Capital and Index Ventures. Weltsparen plans to use the investment to expand to other countries.

[Gründerszene] (German)

Dalia raises 6.5 million euros

The Berlin-based market research startup Dalia announced a $7 million Series A round. Balderton Capital, an early stage venture capital firm led the round, in participation with eDarling founders, Lukass Brosseder and David Khalil, Wellington Partners and IBB. Founded in 2013, Dalia “utilises mobile technology to change the way that attitudinal data is collected, analysed and presented.”

[Gründerszene] (German)

Goodgames lays off 200 people

The Hamburg-based gaming company Goodgames fired 200 people Wednesday, after laying off several hundred employees in the summer of 2016. Only 350 people are still with the company, according to a local newspaper (German). The company, which is known for the games “Big Farm,” and “Goodgame Empire,” is also losing its CEO, Maximilian Schneider. The startups founders, Kai and Christian Wawrzinek, will supposedly to return as CEO and CSO.

[Gründerszene] (German)

Careship raises $4 million

The Berlin-based caregiver startup Careship announced raising $4 million. The round was led by Spark Capital, which is known for investing in companies such as Twitter, Trello and Foursquare. Previous investors, Christophe Maire from Atlantic Labs, Axel Springer Plug and Play and GetYourGuide founder Johannes Reck, joined in this round as well. Careships uses an algorithm, which aims to find the right match between qualified personnel and those in need. The algorithm is also supposed to provide advice on insurance benefits.

[TechCrunch]

$14 million for Seerene

The Potsdam-based software startup Seerene raised $14 million. The round was led by Lakestar. Earlybird, a Berlin-based VC also invested, as did a number of anonymous investors. Seerene offers a software solution that gives IT managers an overview of their departments. The new investment will be used to improve the product and expand the business.

[Gründerszene] (German)

Katjes invests in cannabis lemonade

The candy company Katjes is known for its focus on sweets, but their subsidiary, Katjesgreenfood, has its sights set on sustainable plant-based foods. The company’s newest investment was in the Munich-based startup Hemptastic, which makes a cannabis-infused lemonade. While the drink does not include THC, the substance that causes a high after consuming marijuana, it does contain CBD, a different substance known to have a positive impact on health. The startup, which was founded in May 2015, sold 25.1  per cent of the company to Katjesgreenfood. More details, such as the size of the investment, remain undisclosed.

[Gründerszene] (German)

Update: Details on Returbo and Home24 Deal

Despite crowdfunding one million euros, Returbo, a startup that sold returned items, suddenly filed for bankruptcy in late 2016. The cause likely being PayPal’s decision to no longer resell their items over Ebay. Rocket Internet’s online furniture startup Home24 acquired the Returbo and its employees for 17,000 euros, meaning the crowdfunding investors will probably not see a penny.

[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels

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