This Week in Germany

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14 million euros for Dreamlines

As now announced the Hamburg-based cruise platform Dreamlines raised 14 million euros last August. Besides others Dimaventures, Hasso Plattner Ventures, Holtzbrinck Ventures and Global Founders Capital (Rocket Internet) participated in the round with leads to a total investment of over 60 millions euros. The five year olds startup will use the fresh cash grow publicity and expand to other countries.
[Gründerszene] (German)

Scout24 shuts down YOU IS NOW accelerator program

Berlin-based classifieds company Scout24 decided to shut down its YOU IS NOW accelerator, which it started in 2013 (the program itself started in 2010). In the program Scout24 hosted startups to work on their ideas at their office for three months and provided them with an investment as well as mentoring without taking any of the startups’ shares. Reason for the shut down is a reconstruction at Scout24. However, the company said it will continue to work closely with startups.
[Gründerszene] (German), [blog post]

Janno shuts down

Hamburg-based free floating Vespa platform Jaano started in March 2015 and will now shut down its service. As the startup announces on Facebook, it could not find an investor.
[Gründerszene] (German)

Protonet files for bankruptcy

More news from Hamburg: Hardware startup Protonet has to file for bankruptcy. Reason for that is that a new investment round did not take place. The startup offers private cloud services. Protonet was known for its crowdfunding success and later for being part of the San Francisco-based Y-Combinator program.
[Gründerszene] (German)

Billpay is acquired for 70 million euros

The Berlin FinTech Billpay was purchased by Klarna, a Swedish competitor, for 70 million euros (75 million USD), according to a Financial Times report. Billpay, which was backed by Rocket Internet in 2009 and by Wonga, a British company, in 2013, expanded into Swedish and Austrian markets in 2011. Financial Times learned about the acquisition form inside sources close to the deal.
[Gründerszene] (German), [Financial Times] (pay wall)

Shop.co raises 6.25 million euros

The Dusseldorf-based startup Shop.co raised 6.25 million euros with help from YouPorn founder Fabian Thylmann, MeinFernbus founder Panya Putsathit, the German family office TriPos, five Boston Consulting Group partners and Rotonda, a business angel network. Two German banks, Sparkasse and the NRW, also participated in the round. Shop.co, which was founded in 2014, is still testing its product. Their current idea is to have a universal online shopping cart that works as a browser plugin, which means when shopping you would not have to login into each and every website separately before making a purchase.
[Gründerszene] (German)

Book A Tiger raises a new round

The Berlin-based cleaning platform Book A Tiger raised a new round, but will not comment on the amount. Exiting investors, such as Tamedia, Target Group and DN Capital, and new investors joined in the most recent round. According to the commercial register, German Media Pool owns .5 per cent, QD Investment Limited holds 11 per cent and MLC 50 LP owns approximately 4 per cent of the startup’s shares.
[Gründerszene] (German)

Capetown-based VC acquires TopCheck

The Berlin-based startup TopCheck, which raised one million euros in August 2015, was acquired by Silvertree, a Capetown-based venture capital firm. Silvertree also owns one of TopCheck’s competitors, PriceCheck. The sell price for the 18-month-old startup, which created a website for comparing insurance and loans focused on the Nigerian market, was not listed.
[Gründerszene] (German)

Zeitgold raises 4.2 million euros

The Berlin-based startup Zeitgold (German for Time Gold) received 4.2 million euros from Holtzbrinck Venture and Battery Ventures, a US-based venture capital firm on Wednesday. The funds will help the startup fight the good fight on behalf of small and medium enterprises (SME) struggling with accounting and finance paperwork. The startup asks business owners to digitalise their documents and a Zeitgold employee and an algorithm take care of the rest. Zeitgold’s founders previously worked together on the FinTech startup SumUp.
[Gründerszene] (German)

New investment for Homebell

Berlin-based craftsman startup Homebell raised another round. Existing investors Rocket Internet (through their Global Founders Capital fund) and Lakestar increased their stocks in the company to 13 per cent each, as the trade register shows. Existing investor Index Ventures also participated in the round and increased its shares to almost five per cent. However, the size of the investment has not been named. Homebell offers a platform to find a craftsman for all kinds of renovations.
[Gründerszene] (German)

Enmacc raises 3 million euros

Munich-based energy trading platform Enmacc is just five month old. However, it already successfully raised 3 million euros. The investment came from Cherry Ventures and Berlin Ventures as well as Jan Becker and Amiando founder Felix Haas. The startup offers a communication platform for the energy business which lets traders find real time information about the pricing and make their orders through the website.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels

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