This Week in Germany: Funding, IPOs, Startup & Accelerator News. And One More Thing.


Here is what happened in Germany’s startup scene this week:


Funding Rounds/Exits/IPOs/That kind of News

Xing buys Jobbö

LinkedIn competitor Xing buys Intelligence Competence Center, which is the owner of Jobbö, a job platform with over 2.5 million job offers. The Hamburg-based company paid about €6 million.
[rttnews], [Gründerszene] (German)

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.

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.”

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] (German), [unquote]


Aachen-based plus-size fashion retailer navabi raises €25 million

Aachen-based plus-size fashion retailer navabi raised a €25 million series D funding round, led by Bauer Venture Partners. Previous investors Index Ventures, Seventure Partners, DuMont Venture and Klaus Wecken also joined the round. Bauer invested with cash and an advertising budget. This provides navabi with access to its portfolio of 600 magazines, such as UK-based Grazia, and 400 digital products. The funding will also be used to expand and to grow navabi’s product offering.

Enterprise Messanging App ChatGrape raises $1.3

ChatGrape from Austria is an enterprise and team messaging app that claims to be a more ‘intelligent’ Slack or HipChat. The $1.3 million investment is being led by Betaworks . The round was also joined by a group of seven ‘top tier’ angel investors from Germany, Austria and Switzerland, including Julian Zehetmayr (who has just done one of the youngest company exits in Austria after selling Mobfox to Matomy for $17.6m), Ingo Weber (CEO of Germany’s FAS), and AC&Friends (a Vienna-based angel fund), to name just a few.

Gaming platform raises six digit amount

Besides working on the backend, will use the investment to expand its platform for clans and guilds.
[Gründerszene] (German) raises €45 million

Goldman Sachs Merchant Banking Division and Deutsche Bank have invested €45 million in, a platform focussing on products for baby. Existing investors DN Capital, MCI Management and 360 Capital Partners joined the round. The funding will be used for expansion.
[Gründerszene] (German, Background), [Unquote]



New Rocket Venture Bonativo Launches

Bonativo, Rocket Internet’s newest venture, launches today. Bonativo offers around 400 regional, organic products from Berlin-Brandenburg. Founder Christian Eggert speaks with Gründerszene on the new venture.
[Gründerszene] (German), [Rocket Internet]

New hiring platform 4Scotty launches

Different to other platforms not talents apply for a job, but companies apply for talents. In this case: IT specialists. The specialists use a filter to mark job categories that interest them. As soon as a candidate accepts an offer by a company, an interview can be scheduled. The founders have previously worked at Delivery Hero, Intershop and HRM Consulting.
[Finanznachrichten] (Press release, German)

Jourvie, app to help people with eating disorders, launched Android app

Jourvie, an app to help people with eating disorders, launched its Android app. It helps the user to keep track of her/his eating behavior, sends reminders,  and wants motivate to keep going. It was developed in a cooperation with Berlin’s Charité University hospital.

Incubators, Accelerators,…

Climate KIC Incubator calls for new applications

The incubation program takes six months time and offers each accepted startup an package worth up to €95,000. They also get pitch training, financial support, office space at a clean-tech incubator in Berlin or Munich and access to Climate KIC’s network to help find investors and first customers.
, [video]


5 Key Facts about the New Minimum Wage in Germany

Is 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.

WHERE THE HECK IS…? Did we miss something? Let us know in the comments below! 

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Image: Felicitas Hackmann