Here is what happened this week in Germany’s startup industry.
Funding Rounds/Exits/IPOs/That kind of News
MyOptique acquires Rocket’s netzoptiker, which filed for bankruptcy in Fall 2014
After Mister Spex announced its $40 million funding round led by Goldman Sachs last week, its competitor MyOptique announced it acquired netzoptiker this week. Financial details about the deal were not shared.
[RetailTimes], Background: [Gründerszene] (German)
Rocket ‘s Global Online Takeaway Group bought Talabat and 24h
Rocket Internet continues its food journey and reported to have paid €150 million for the food delivery platform Talabat, which is active in Kuwait, Saudi Arabia, the UAE, Bahrain, Oman and Qatar, but it isn’t disclosing a price for 24h, which services only the UAE market (and is a delivery platform as well).
German Startup Group invests in five startups
German Startup Group invests in five startups, three of them are FinTech related, one is in the AdTech space, the last one is a business solution company. Here are the startups in short: CRX Markets is a supply chain finance platform that allows suppliers to sell claims against their clients, DemoUp offers B2B software for the creation and distribution of video content, Remerge’s offers an app-retargeting platform, Savedo is an independent marketplace for fixed-term deposits in Europe. The last startup has not yet been named, seeks to replace the costly active asset management process that is currently carried out by financial advisers.
qLearning raises low seven-digit Euro amount and focuses on growth
qLearning, the Berlin-based mobile studying app for iOS and Android, has raised a low seven-digit amount from VC Senovo and IBB, and former investors M-Investar, K5 and hub:raum, the incubator of Deutsche Telekom. The amount of shares given in exchange was not disclosed. The investment will be used to geographically expand qLearning’s business, most likely to the U.S.
Rocket’s Lamudi raises €16 million to grow in Asia and Latin America
Rocket Internet’s real estate network Lamudi has raised €16 million in investment to grow its operations in Asia and Latin America. Three investors have backed the business: Asia Pacific Internet Group which is a joint venture of Rocket Internet and Ooredoo; Holtzbrinck Ventures, the investment arm of the German publishing group; and current investor Tengelmann Ventures, a division of international multi-sector retailer Tengelmann Group.
Holtzbrinck Digital invests in Lecturio
According to the startup Lecturio, founded in 2008, it offers about 10,000 hours of educational videos, focussing on medical and law lessons. Now, Holtzbrinck Digital invests a seven-digit amount.
Zalando Posts First Annual Operating Profit
Zalando reports that earnings before interest and taxes for the full year reached €82 million compared with a loss of €114 million last year. Revenue increased to €2.21 billion from €1.76 billion in the year-earlier period, according to preliminary data released on Wednesday. However, Zalando did not release any net profit figures yet.
[Wall Street Journal ]
“How $15 million changed our Startup”
After bootstrapping for three years, Hamburg-based Social Media startup Facelift raised one of the largest investments in Germany. Benjamin Schroeter (CEO) and Teja Töpfer (COO) shared their very personal on the impact of the funding.
METRO and Techstarts start as Techstars Metro Accelerator in Berlin
METRO and Techstars are joining forces to support innovative hospitality startups. The newly launched Techstars METRO Accelerator focusses on companies that offer innovative technology applications for the restaurant, hotel and catering industries. Mentors and experts will support the startups for three months to advance their business. Techstars METRO Accelerator is the first global program focused on technology applications for the hospitality sector. International digital agency R/GA will supplement both partners’ knowhow at the Techstars METRO Accelerator in Berlin. Application deadline is the end of April 2015. The program will be repeated in 2016 and 2017.
We will continue as planned, says Wunderflats’ CEO, as Rocket’s Nestpick enters the German market.
As announced on Friday, Nestpick, the accommodation platform for students supported by Rocket Internet, launches in Germany. Until now, that was Berlin-based Wunderflats’ market. Here is how the current situation looks like.
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