Today in Germany: PEY, CloudRail, Atelier Blanche, Kreditech


Seed Round for CloudRail, Bitcoin payment terminals, Atelier Blanche shuts down, Kreditech acquires Konotmierz.


Seed  Round for CloudRail to help developers solve IoT interoperability problem

The startup from Mannheim just received a €540.000 investment from Leonardo Venture, BWM, and various unnamed angels. CloudRail is working on a technology that enables developers to write to a single API to connect to and handle data translations for an ever growing list of IoT devices and related services.

This Startup gives away 3D-Printed Bitcoin payment terminals

By combining hacked cellphones and 3D-printed casings, a startup called “Edelstall” based in Hanover, Germany, has developed a working bitcoin point-of-sale (POS) terminal called PEY. It’s app has been downloaded 150 times last month and is available worldwide, except for China. However, it is only fully functional with the bitcoin payment terminals in Germany.



Atelier Blanche shuts down

Atelier Blanche, a startup from the ProSiebenSat.1 incubator Epic Companies that shut pretty much over night last October, has shut down temporary. Until now, neither a buyer not an investor has been for for the startup that sells oversized clothes.



Kreditech acquires  Konotmierz from Poland

Kontomierz from Warsaw, founded in 2009 and employing 16 people, was acquired by Hamburg’s most known FinTech startup Kreditech for an undisclosed amount. With Kreditech’s help Konotmierz to expand to Brazil, Mexico, Spain and Russia. Kreditech employs over 200 people in nine countries. Last year, it raised a $40 million Series B, which brought the total amount of funding to $70 million. 
[Gründerszene] (German)


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