20. October 2014–
Monday – Even for the German startups scene.
Today was kind of slow, but here is what you should know: New investment for CLASSIQS, Zalando’s photo search app, German Accelerator’s new round, and this week’s startup events.
DvH Ventures (and others) invests in CLASSIQS
Dieter von Holtzbrinck (DvH Ventures) leads a high six-digit round (cash and media spending) in the Berlin-based startup. The investment will be used to grow and gain visibility. Classiqs is an online marketplace for antique and vintage furnishings. This is its second strategic media partner (CLASSIQS was part of Axel Springer’s first plug & play accelerator program). Axel Springer plug & play, Michael Brehm and Clemens Ridel, as well as idealo founder Martin Sinner joined the round.
Photo Search is a thing for Zalando
Zalando’s recognition feature in the iOS app was first introduced in August (VentureVillage reported and tested it). The feature lets customers upload photos and finds similar products. Speaking to Zalando, a company spokesperson said the testing period is going well. The feature will now be introduced to other markets and implemented into the Android app. Seeing the technology taking off, moving it to other segments, such as e.g. shoes, is currently in debate. While the company is right now partnering with “findSimilar” by Cortexica, it might build its own technology.
German Accelerator announces new round
Out of 80 applications, 18 startups will participate in the three to six month long German Accelerator program. The program started in 2011 and is supported by the German Ministry of Economy and Technology. Different to many other accelerators, it does not take equity. Besides the living costs, most other expenses are covered by the program. Read the start ups’ details, the terms and more on VentureVillage.
Find the most relevant startup events for the week on VentureVillage!
You’re a German based startup (or about to launch here soon) and have interesting news to share? Get in touch with us: firstname.lastname@example.org.