This Month in German, Swiss, and Austrian (GSA) Startups — September 2022

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups wrap-up for September 2022 by Startuprad.io. I am joined again by my co-founder and co-host Chris from New York City.

We recorded this news episode on Monday, September 26th, 2022. As always: All news not yet included here will be published in our next news episode in our regular October warp-up, which will be published on October 27th.

You can keep up to date with our Google Calendar for all publications:

Startuprad.io

Our highlights:

Germany is preparing for a potentially rough winter, in many ways. Now Environmental Action Germany (Deutsche Umwelthilfe): Asked Germans not to put up any Christmas lights this season. Startups in GSA keep laying off staff, but also raising significant funds. We have our usually shortened list a bit longer this month, to show that it is not all gloom and doom here. You will also notice that the M&A activity is up, totaling 55 bn US$ in summer 2022 (for all of Europe), and is still going strong.

Let’s talk startups:

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This Month in German, Swiss, and Austrian (GSA) Startups - September 2022

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Top News

Berlin’s Everphone extends Series C to $232M

Everphone started with their first fundraising for Series C in December 2021 and now make an additional closing of 32 mn Euros (https://buff.ly/3Ck73x7), which totals — according to PitchBook 232 m US$ Series C for their device-as-a-service model https://buff.ly/3S3V23K

Crypto Boom is slowing

European crypto app downloads have almost halved from 2021 https://buff.ly/3qP4jBi amongst the biggest drops are Blockchain.com and unicorn Bitpanda.

Sifted writes “Beleaguered Austrian crypto trading platform Bitpanda saw a 65% decrease in app downloads from 563k in H1 2021 to 197k in H1 2022. In June, the company laid off a third of its employees, admitting that it had hired too fast and needed to cut back expenditure amid the crypto market rout.” VCs keep an eye on their investments and the app downloads are a proxy for growth here for them.

Insolvencies hit household names

Yes, they are not startups, but it gives you a great overview of the current environment, also for the startups

• Automotive supplier Dr. Schneider has to file for insolvency with 4000 people employed there https://buff.ly/3QJbt4B
• Shoe retailer Ludwig Görtz is a staple in German shopping streets founded in 1875 with their big stores and 1.800 employees, now they have to file for insolvency https://buff.ly/3Ryqmru
• German toilet paper producer Hakle is a household staple in Germany. Now they have to file for insolvency, due to high costs of raw materials, energy, and transportation https://buff.ly/3d0aW08
• Traditional Austrian lighting company Kolarz, founded in 1918, has to file for insolvency https://buff.ly/3D7pzcN

Podcast monetization is getting serious with international involvement

Lots of mergers in monetizing podcasts, the first Julep from Munich was bought by Libsyn and now London-based Auddy buys Vienna-based Audiomy https://buff.ly/3pULrjM

More firings :-(

Keep in mind here, that most startups are likely not in financial trouble, but they rather try to extend the money they have already raised. The consensus seems to be cutting 15–20% of the workforce for most startups.

• Berlin-based escooter company Tier fires 16% of employees and freezes new hiring https://buff.ly/3KfBfeZ they are firing around 180 people
• Berlin-based Artnight organizes DIY art events across Germany. They are impacted by Corona and let 1/3rd of their staff go https://buff.ly/3R8aiwy
• Infarm lays off staff as energy prices bite and recession looms https://buff.ly/3QRh9cC
• Tiger-backed startup Pitch lays off 30% of staff https://buff.ly/3UbhZUz
• Urban Sports Club lets go 15% (55 people) of their workforce https://buff.ly/3QShL1v
• Expense management via credit card is the topic of startup Moss. They have to let go of 70 employees (~ 15% of their workforce) https://buff.ly/3LJTVnS

USDA issued a warning form HelloFresh Meal Kits, due to E.Coli

FSIS Issues Public Health Alert For Specific Ground Beef In HelloFresh Meal Kits Due to Possible E. Coli O157:H7 Contamination | Food Safety and Inspection Service https://buff.ly/3xVogdr

The current economic situation even hits the markets for “Germany’s most loved child”

Germans refer sometimes to cars as Germany’s most loved child, but the current situation is also hitting the used car market: Auto1 competitor Cazoo leaves the German market, after launching only in 2021 https://buff.ly/3xfKSVE

Despite all the grim news, there is still good news

Former Tesla CTO and co-founder JB Straubel is looking at Germany for a site for a battery recycling plant for his company Redwood. Investment in the site could be around 1 bn USD https://buff.ly/3LbYpn9

Ecosystem

• Top 3 EU tech hubs post-covid https://buff.ly/3qSRK7X are London, Paris, and Berlin, according to Tech.eu. Berlin knocked Dublin out of the top 3
• The state of M&A in European tech, in summer 2022 European startups exited at a volume of 55 bn US$ https://buff.ly/3BLTAxO
• The German government is preparing for a wave of insolvency filings this fall and winter https://buff.ly/3L0KgZV — You have already heard a few
• You will read about Unzer, Wirecard is already known and there are other cases where Germany has proven to be less able to fight money laundering. Now they set up a new financial crime unit https://buff.ly/3DXWEbo
• Russian pro-war propaganda is increasingly trying to imitate respectable German news outlets, BUT you can tell from bad spelling https://buff.ly/3pZ2sJr
• Germany wanted to push ahead with legalizing cannabis for recreational use. It now turns out that the EU contracts may throw a roadblock in that way https://buff.ly/3BbVztI
• Berlin’s booming $18 billion tech scene birthed unicorns like N26 and Trade Republic. Now, the founders want the government to help fuel the city’s growth. https://buff.ly/3QHqxj7
• ECB Picks Amazon, Nexi, 3 More to Prototype Digital Euro Apps https://buff.ly/3xvZMaw

Hubs

There are many deserving startups, cities, and entrepreneurs who will never get any English coverage, would it not be for us. This is why this section exists. This time Chris is channeling his inner geography teacher and has his own order :-)

Frankfurt

• Frankfurt-based WealthTech DIAMOS bought by London-based FNZ wealth management platform https://buff.ly/3d88Fjw
• One year UberEats in Frankfurt am Main: More than 55.000 people already used the app. Top restaurants ordered from:
• 1. Asian
• 2. Vegan/Veggie
• 3. Italian
• Most frequently ordered: French Fries
• Usually ordered at 19.00 on Sundays
• https://buff.ly/3UiKUWX

Bruchsal

Volocopter shares its latest video update showing its eVTOL air taxi is closer than ever to reality https://buff.ly/3Rpneh0

Hamburg

• Hamburg-based Localyze raises 35 mn US$ from investors General Catalyst, Visionaries Club, Web Summit Fund and Frontline Ventures for their employee mobility and relocation solution https://buff.ly/3x9UVeY
• Hamburg-based Digital Transformation Capital Partners (DTCP) wraps up the first close of Growth Equity III Fund at €300 million https://buff.ly/3LI6BLY

Munich

• Munich-based startup Cargokite raises pre-seed round for a big dream: They want to put kites on autonomous cargo ships, so they can harness wind energy and minimize energy consumption https://buff.ly/3cg8Vg3
• Sono Motors is on track to put over 32,000 solar electric vehicles on roads this decade https://buff.ly/3B3fBGu

Düsseldorf

Düsseldorf-based online shop for high-end food Genusshandwerker stopped delivery with surprisingly short notice. Now the reason is known founder Hans-Georg Pestka, unfortunately, passed away after a short serious illness https://buff.ly/3xkckBR

Dresden

Dresden-based space startup Morpheus Space raises 28 m US$ in venture capital for their satellite mobility solution https://buff.ly/3BLpl9X

Osnabrück

The small city of Osnarbrück wants to rival Munich and Berlin as Germany’s startup capital. They have the first success stories https://buff.ly/3ABi7DV

Switzerland

• Meaty affair! Swiss food tech Planted gobbles up €70 million to create ‘meat’ from alternative proteins https://buff.ly/3D4Y9nG
• Swiss crypto platform Portofino unlocks $50 million to support high-frequency traders https://buff.ly/3SiRcng
• Crypto Investment-Product Firm 21Shares’ Parent Raises $25M, Pushing Valuation to $2B, securing No 1 spot amongst Swiss crypto startups https://buff.ly/3TIy0ku
• Swiss startup PeakData picks up €12.1 million for its platform connecting pharma companies with healthcare professionals https://buff.ly/3dLpLDP
• Swiss-based deskbird bags €5M, becomes the most valuable European SaaS startup for workplace management https://buff.ly/3KyIL4F
• Swiss HR tech beqom buys Our Tandem to personalize rewards for employees with real-time performance data https://buff.ly/3cwLUp6
• Kuros Biosciences, a #swiss-based biotech startup raises CHF 6.0 million in a private placement to continue working on their drug for back pain https://buff.ly/3DBQcXj
• Swiss-based Metabloqs closes 1,25 m US$ pre-seed round and launches beta tests https://buff.ly/3Upfe1O

Austria

• 5% of business angels in Austria are women, and 17% of startups are (co)founded by women https://buff.ly/3cgALZH
• Vienna-based #coworking space Tribespace has to file for insolvency https://buff.ly/3KXlJEY
• Austrian Climate and Energy fund called Green Energy Lab gets 190 m € more to invest https://buff.ly/3Lc6vvJ

New Section: VC News

• X marks the spot as Northzone raises north of €1 billion https://buff.ly/3xlGW5Y
• As mentioned before: Hamburg-based Digital Transformation Capital Partners (DTCP) wraps up the first close of Growth Equity III Fund at €300 million https://buff.ly/3LI6BLY
• IBB Ventures raises 30 mn Euro impact fund https://buff.ly/3LL7ALh
• Successful founders with exits from Sonnen, Zooplus, and Flaschenpost join investor Paul-Josef Patt in his VC called eCapital https://buff.ly/3Aa1Oh2
• Fundraising in 2022: Where We Are & Where We’re Going by https://buff.ly/3QHfozz
• Keep in mind: Austrian Climate and Energy fund called Green Energy Lab gets 190 m € more to invest https://buff.ly/3Lc6vvJ
• Runa Capital kicks off a new fund as it joins the VC ‘Scramble for Europe’ by moving from Palo Alto to Luxembourg https://buff.ly/3UdhM3a
• VC Firm Lightspeed Expands In Europe By Hiring Partners In Paris And Berlin https://buff.ly/3xo2SNx

General News / Tech News / Companies News Section

Fintech News Joe

• Neobank Vivi, a challenger of N26 gets its own first financial services license, an investment license. Clients can now buy with their license e.g. equities and mutual funds https://buff.ly/3AnAUSV
• Unzer was known as Heidelpay, before KKR bought them. Later Unzer bought the retail payment business of Wirecard. Now they are in trouble with BaFin for not doing enough to prevent money laundry according to a press report: https://buff.ly/3clQdUh
• The crypto winter hasn’t put off European VCs just yet https://buff.ly/3Q5q8X7 you can read more on Sifted
• According to German press reports, Berlin-based neobank Penta was bought for 179 m € in Qonto shares and payouts for employees, in total 200 m Euros https://buff.ly/3T1rg0R

Some VC fundings

Despite all the grim news, there is now our — almost unshortened — list of fundraisings announced within the last few weeks. You can see it is A LOT! We have this extensive list here to show you that not all is gloom and doom!

• Automotive supplier Mahle is receiving a loan of 300 million euros from the European Investment Bank (EIB) for the development of new technologies related to zero- and low-emission technologies https://buff.ly/3APkjro
• Topi raises $45M to power hardware subscriptions for B2B merchants https://buff.ly/3AEcvbJ
• Berlin-based Latana picks up €36 million for brand tracking and consumer insights platform https://buff.ly/3BCtYTP
• Solsten, a Minneapolis, MI- and Berlin, Germany-based AI-based platform which allows brands to understand their customers on a deeply human level to create human experiences, raised $22M in Series B funding https://buff.ly/3QP7JPB
• Berlin-based Candis banks €15.9 million to empower SMEs with automated accounts payable processes https://buff.ly/3QMoeLA
• Cure is a laggard in Germany’s drug delivery companies, but still raises 15 m Euros in Series A funding https://buff.ly/3DtS30f
• Berlin-based Aignostics scoops €14 million to decode diagnostics with an AI-driven pathology platform https://buff.ly/3qHTsZC
• Lykon lands €10M to personalize nutrition https://buff.ly/3SaAabg
• Plant-based egg startup Neggst bags €5M https://buff.ly/3qN7LMp
• MVP Match, a tech-talent marketplace, raises $5M from Stage 2 Capital https://buff.ly/3eZGaFh
• Berlin-based heyData welcomes €3.3 million investment to scale its compliance software solution https://buff.ly/3qGT5yt
• Justhome Raises €3.3M in Pre-Seed Funding https://buff.ly/3LHcSaT

Green Startup Fundraising:

• German-based alcemy picks up €10M to help decarbonize cement and concrete industry https://buff.ly/3QNIjkP
• Berlin-based carbon credits marketplace CEEZER scores €4.2 million https://buff.ly/3DKqwbp
• NeoCarbon wants industrial cooling towers to join the climate fight and raises 1,25 m Euros #preseed https://buff.ly/3QNTjyy
• Cerulean backs GreenTrade to offer carbon credits for forest conservation and ocean restoration https://buff.ly/3KwOtUQ

General News

• MoweaWind delivers first micro wind turbines for radio masts https://buff.ly/3R8xVFj
• Corona-boom times seem to be over for food delivery. Here is another sign: Delivery Hero shuts down ghost restaurants https://buff.ly/3eb6MTt
• Meta bought Berlin-based haptics specialist startup Lofelt in June, it now emerges that all Lofelt projects have been stopped https://buff.ly/3evylqF
• Amsterdam’s edtech platform Lepaya acquires Germany’s AI-based online coaching provider vCOACH https://buff.ly/3S7aOed
• MercedesBenz partners with Rivian on electric vans https://buff.ly/3RT2G19
• Kia Is Reincarnating Old EV Batteries As Energy Storage Systems For Buildings using a startup of railway German operator Deutsche Bahn https://buff.ly/3Lgtrdi

We will be back on October 27th with our next monthly news wrap-up!

Stay ahead of the curve

• Startup is turning live-in care into a gig-economy platform — TechCrunch https://buff.ly/3cjJ6f8
• Does 15-minute delivery have a future? by Michelle Cheng via @qz https://buff.ly/3Q05O9W
• How to Structure a Startup Sales Team for Optimal Land & Expand https://buff.ly/3AlAYnw
• Growth is No Longer the Best Predictor of a Software Company’s Value https://buff.ly/3QwT5fq
• Why economists are flocking to Silicon Valley https://buff.ly/3epJRDS
• Instant-Delivery Startups Are Running Out of Options https://buff.ly/3Uggm7Q

Automated Transcript

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Music.

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Hello and welcome everybody this is Joe from startuprad.io your startup podcast and you to block from Germany bringing you again news wrap-up

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from Germany this time September 20 22 yes it’s already dead late.

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Fortunately I do have Chris here with me Acres hiding hey I’m good as you can see I got the new airports Pro I’m happy about it.

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It’s really crazy the noise-cancelling is again so much better and like I don’t know.

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Don’t tell my mother one day I’m going to get hit by a car and I won’t even realize it until it’s too late

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this podcast is not sponsored by Apple but we would like to welcome you to this month in German Swiss and Austrian startups wrap up for.

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September 2022 and we recorded this news episode on September 26th

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2022 as always on news not yet included here will be published in our next news episode in our regular

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October wrap up which will be published on October 27th just four days before Halloween isn’t that awesome

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our highlights Germany is preparing for potentially rough

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winter in many ways now the environmental action Germany Dojo -

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ask Germans not to put up any Christmas lights this season startups in GSA keep laying off stuff but also

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raising significant funds we have our usual shortened list a bit longer this month of fundraising to show that it is not

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all gloom and doom here and you will also notice that m&a activity is up totaling 55 billion US Dollars In Summer 2022 for all of Europe

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and is still going strong so let’s talk startups first I would like to.

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Thank our enablers invest in Harrison this show was made possible by investing in Hanson.

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You can learn more about our specialized.

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Sap podcast with them at Tech startups dot Sounder dot f m or add invest — in — hsn.com

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startup Raven.com the best way to identify investors and cooperation partners for early-stage startups you can sign up for Early Access there and Chris as we talked before you are the top

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news guy right.

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Yeah this this month I actually am because there’s a couple of interesting stories that give you a good overview over what’s going on in the German startup scene right now it all starts with Berlin’s

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ever phone they extend their series The to 232 million dollars are quite a significant amount of money

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they start the first hundred and fundraising for a series C in December 20 21 and now make an additional closing of 32 million Euros which totals according to pitchbook

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two at 232 million u.s. dollars for their device as a service model.

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We have startups startup news dead

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relate to Germany but that basically in line with what we see all around the world because also in Germany the crypto bloom or as we should say in German speaking Latin in German

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language countries because we always.

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I want to think about our listeners in Austria and Switzerland as well and but we see news and signs that the crypto boom is slowing the European crypto app downloads have almost asked from 2021 amongst the biggest.

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Drops are blockchain.com and the Unicorn did Panda sifted for example right.

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And I quote beleaguered Austrian crypto trading platform did pandas or 65 percent decrease in app downloads from 563.

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Thousand in the first half of

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21 of 2021 to only an 197,000 so 563 to 197,000 in the first half of 2022 in June the company laid off a third of its employees

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admitting that is at higher too fast and needed to cut back expenditure MIT the crypto Margaret route.

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I’m close this is keep an eye on their investment and the app download our proxy for growth here for them it seems.

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In German not necessarily startup culture but definitely Enterprise and

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business culture we start the insolvency of

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a couple of really big household names in Germany because they are and they were in the consumer Market or they are still in the consumer market so.

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We can like it gives you an idea of the current environment in Germany also for startups so for example there’s at the automotive supplier dr. Schneider which had to file for insolvency with

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at least 12,000 people

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employed there and then if you’ve been to a German who’s going out sooner so German downtown and you were chopping there you probably saw.

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The shoe stores of lubic girls it’s a shoe retailer Staple in German shopping streets was founded in 1875.

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With big stores 1,800 employees but they

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also now have to solve for insolvency they claimed it also partly has to do with consumers being really cautious because of inflation and even the Ukraine war

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then German toilet paper producer hard clear.

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Is a household Staple in Germany now they have 25 insolvency due to high cost of raw materials energy and transportation as they said Berkeley is really really big in Germany and toilet paper and among the companies

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they’re who came up with innovation.

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If you believe that Innovation exists when it comes to toilet table but still they came up with Hockley wet wipes at least in the 70s

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so then there’s traditional Austrian Lighting Company Cole has founded in 1918 which also had to file for insolvency so as you can see it’s traditional companies and some of them unfortunately has to.

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Close shot or at least in big trouble and try to restructure we have to say because girls for example key is keeping the shops open.

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Next up your podcast monetization is getting serious with International involvement lots of mergers and monetizing podcast the first Julep from Munich was bought by Lipson and now london-based body bias Vienna based audion.

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Audio my.

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What do you mean no audio my I would say audio mine both and both pronunciations are totally fine Chris.

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Who knows who knows we don’t I don’t want to get emailed we on the more somber side of things we also got a lot of news about more firings.

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Keep in mind here that most startups are likely not in financial trouble but they rather try to.

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Extend the money they’ve already raised the consensus seems to be that fifteen to twenty percent of the work force for most startups.

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Berlin base e scooter company for example tier fire sixteen percent of employees and freezes new hiring

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and their case that means firing around 180 people berlin-based art night organizes do-it-yourself art events across Germany they’re impacted by Corona and let us as 1/3 of their status.

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In farm laser staff as the energy prices bite and recession looms tiger Back start up which the Lays off 30 percent of staff.

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Urban Sports Club let’s go 15% in their case that’s around 55 people of their Workforce.

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And the expense management via credit card is the topic of startup mosque they have to let go of around 70 employees in their case that’s one.

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Silence of their Workforce fifty percent
no startup news.

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Would be complete without talking about New York it’s so in this case also it’s a bit of a weird news because the USDA issued a warning for a Hello fresh milk it’s due to equally

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um so I mean it happens quite a lot in the US to be honest to get warnings about like romaine and letters and it happens to a lot of.

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Fast forward a bit higher ground Hydrox assets.

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Yeah usual suspect has been for example a Chipotle they also have no sacrifice exactly yeah.

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Yeah let’s not talk about what my tummy does when I eat Chipotle let’s just say I learned my lesson.

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And for the past five years I haven’t been to a Chipotle anyway fsis issues a public health alert for specific ground beef in hello fresh milk it’s due to possible

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equally contamination Zone that case it’s not the lettuce but it’s minced meat or like ground beef.

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So hopefully this stays rather small occurrence.

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The current economic situation even hits the market for what in Germany is that Germany’s most.

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Loved child and if anyone wants to take a guess what we claim.

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Des deutschen keeps the skin is so Germany’s most beloved kid it’s of course our cars.

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But the current situation is also hitting the used car market there are two one competitor kazoo leaves the German market after launching only in 2021.

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And despite all those Grim news there are still good news for my Tesla CTO and co-founder JB’s Travelers looking at Germany for aside for battery recycling plant for his company Redwood.

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Investment in the side could be around 1 billion US dollars
which right now is around like that 70 billion euros.

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Giving given day the exchange rate ecosystem news.

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We see that the top three you Tech hubs post-coital London Paris and Berlin according to Tech EU verlinden knocked oven Dublin out of the top speed

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we have news about the state of ma in European Tech and summer 2022 you can startups exited at volume of 55 billion dollars.

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And the German government is preparing for a wave of insolvency filings this Foreman winter you’ve already heard of you but in Germany there’s really huge pessimism especially going on with an energy and gas crisis and its really a Grimm

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mood I would say specially for energy heavy companies right now.

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You will read about Unser Maya card is already known and there are other cases where Germany is proven to be less able to fight money laundering now they set up a new Financial crime unit.

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Russian pro-war propaganda is increasingly trying to

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imitate respectable German news outlets but you can tell from that spelling the way where you have to imagine this is that it kind of looks like the news websites but then when you read it you think or something is a bit off but maybe those articles are then already shared and people with lesser media literacy

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probably might be confused as one of the new strategies of the desinformation Cycles circles.

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Germany wanted to push ahead with legalizing cannabis for recreational use it now turns out that the EU contracts May throw a roadblock that way.

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Berlin Peruvian booming 18 billion dollar

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Tech scene birthed unicorns like and 26 and trade Republic now Founders want the government to help fuel the city grow the city’s growth even more and the European Central Bank picks Amazon Nexium three more two prototype

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digital Euro apps.

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Just to give you an idea of what the Talk of the Town is in the ecosystem which lets us move on to a couple of cities in what we call Allah subsection.

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As always there’s some small smaller cities that never will get

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any International press coverage wouldn’t it be for us that’s why this section is here Frankford based wealth Tech demos.

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By london-based F and Seto wealth management platform and we found.

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Data from one year Uber Eats in Frankfort more than 55,000 people already used the app top restaurant orders

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are from first Asian second vision and veggie and third Italian restaurants most frequently ordered french fries usually ordered at seven PM 1900 CT

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on Sundays you can read more in the show notes

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Pulsar for the copter shares its latest video updating update showing its EV tol Air Taxi is closer than ever to reality

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the beautiful city of Hamburg Hamburg based localized raises 35 million u.s. dollars from investors General Catalyst Visionaries Club

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whip Summit fund and Frontline Ventures for the employee mobility and relocation solution and digital transformation Capital Partners reps up first close of equity to

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Equity three fund at 300 million euros will hear about this again and we need based startup cargo kites races proceed around for a big tree they want to put guides on autonomous cargo ships.

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So taking harness wind energy and maximum

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and minimize energy consumption and so on a motor is also based in Munich is on track to put over 32,000 solar electric vehicles on the roads this

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they can’t they write Dusseldorf based

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online shop for high-end food goodness and Vac stop delivery with a surprisingly short notice now the reason is known found a hunt scale Pista unfortunately passed away after short but seriously

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illness

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Kristin based space startup more voice space race has 28 million u.s. dollars in venture capital for the satellite Mobility solution and the City of Austin approach

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they want to rival Munich and Berlin as Germany start of capital they have the first success stories yet.

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Switzerland media Fierce with fruit eggplant it

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gobbles up 70 million years to create meat from alternative proteins

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speaking about crypto not all this patio Swiss crypto platform Portofino unlocks 50 million to support high frequency Traders

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Crypt investment product from 21 chairs parent races 25 million pushing valuation 22 billion securing number one spot amongst Swiss.

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Crypto startups Swiss startup data picks 12.1 million for its platform connecting Pharma companies with Healthcare professionals desk bird backs five million becomes a.

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Becomes most valuable Europeans a start-up for workplace management Swiss HR tag big commbuys our tandem to personalize rewards for employees with real-time performance data

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kouros bioscience raises 6 million Swiss franc in a private placement to continue working on the drug for back pain or against.

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Pain swiss-based meta blocks closes 1.25 million u.s. dollar precede round in launches beta test

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going to Austria where 5% of business angels are in Austria are women and only seventy percent of startups are founded or co-founded by women the Vienna base co-working space

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tripe space has to file for insolvency and something we will come back to you again.

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Austrian climate and energy fund code green energy Labs gets 190

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mailed in yours more to invest we get to New section v c — news and Chris’s doing that

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yes I actually am so we know from a lot of your feedback that you are always interested in where the money comes from or where there is new

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funds popping up in Germany so we decided to make it a new section in this case calling it The VC news so

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x marks the spot is North Zone raises north of 1 billion euros

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we mentioned before Hamburg based digital transformation Capital Partners D TCP wraps up the first closing of growth equity

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three fund at 300 million euros I BB Ventures raises 30 million.

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Euros for an impact fund

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successful founders with exits from zone until plus and flashing past join investor Paul uses Pat in his VC called x capital fundraising in 2022 where we are and where we’re going

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will is an article that gives you some background information keep in mind Austrian climate and energy fund called Green energy lab gets.

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190 million euros more to invest Luna Capital kicks off a new fund as it joins the DC Scramble for Europe

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by moving from Palo Alto to Luxembourg and DC firm Lightspeed expands in Europa hiring Partners in Paris and Berlin

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and as you can tell these are all articles that are linked in our show notes and all part of.

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More in-depth information at other outlets but we wanted to give you the overview for that which leads us to the general news Tech News company in new section and Joe’s kicking in are kicking us off

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with the fintech news.

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Yes let’s kick a little bit off Neil Bank Vivy Challenger of an-26 gets its own First Financial Services license and investment license clients

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can now buy you with their license for example equities and mutual funds there

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once I was known as highly pay before KK L bought them later on the board the retail

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payment business of way a cart now they in trouble with boffin for not doing enough to prevent money laundry according to press reports.

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Decrypt to Winter hasn’t put off your pmv’s he’s just yet you can read more on sifted and according to German press report berlin-based new bank Penta was bought for 100

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79 million euros in Contra shares and pay out for employees in total 200 million years Chris you got a very long list of VC funding

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as we said we normally cut this but we want to show them that not everything here is gloom and doom in Germany.

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Yes so yeah time for some good news.

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And let’s run through it Automotive supplier Marla is receiving a loan of 300 million euros from the European Investment Bank Eid for the development of new technologies related to zero and low emission Technologies.

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Topi raises 30 45 million dollars to power Hardware subscriptions for B2B merchants.

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Berlin best electronic picks up 36 million euros for brand tracking and consumer insights platform is Alston Soul Stone.

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Minneapolis Michigan and Berlin Germany base.

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I based platform which allows Brands to understand their customers on a deeply human level as they say to create human experiences raise 22 million dollars in the series B funding.

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Berlin based Candice Banks fifteen point nine million euros to empower small and medium-sized Enterprises with

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automated accounts payable processes.

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Pure is a laggard in Germany’s truck delivery companies but still raises 15 million euros in a series a funding berlin-based

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agnostic say I agnostics gnostics Scoops 14 million euros to decode Diagnostics with an AI driven pathology platform.

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Luke on lens 10 million euros to a personalized nutrition plan based egg start up next.

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So n EG G St to get it because it’s the next type of egg next.

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Beck’s 5 million euros berlin-based MVP matched Tech Talent Marketplace raises five million dollars from stage to Capital.

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Berlin based hate data welcomes.

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3.3 million euros investment to scale its compliance software solution just home raises 3.3 million and three seed funding.

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And we also saw a couple of news about a green startups German Death Alchemy picks up 10 million euros to have decarbonized cement and the concrete industry.

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Which actually gets a lot of talk and by the way little name-drop here I was talking about this recently with Bill Gates actually.

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Because I had to 10 minutes to engage interview and he was telling me about how much it’s needed to also not just change.

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Industries like travel and energy but also Industries like cement and concrete.

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And I are actually Chris of quiz you will later on shared link and we will link it down here in the shown only and Jack see them in Germany.

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Oh Bill speaks German I made him amazing anyway berlin-based carbon credits marketplaces Caesar that is Cee.

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Zhi ER scores 4.2 million euros and new carbon ones industrial cooling towers to join the climate fight and raises 1.25 million euros.

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Precede and Cerulean back green tray to offer carbon credits for 4th conservation oat ocean restoration.

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Let the very last little piece movie I went delivers first micro wind turbines for radio masts

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we’re in contact with this very interesting start up and basically we going to interview them sometime next year what they do they have very tiny wind turbines in the attached mmm

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all

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for example to the radio masks or the cell phone towers Corona boom times seem to be over for food delivery here’s another sign deliver here shut down ghost restaurants.

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Mita formerly known as Facebook bought berlin-based haptics specialist startup Love Field in June it no emergence that’s all

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Louisville project have been stopped

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Amsterdam’s at Tech platform liepaja equates Germany’s AI based online coaching provider

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V coach Mercedes-Benz partners with Rivia non-electric fans and Kia is incarnating odd EV batteries as energy storage system for buildings using startup of

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German Railway operator.

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Deutsche Bahn thank you for listening we will be back with another startup news episode on October 27th Chris.

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It was pleasure talking to you thank you very much and by the way your old me a bagel no sirens in the background today

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for one side it’s really calm outside I wonder if I don’t know maybe there’s a apricot apocalypse is on and no one told me.

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And this was the last thing I ever did can you imagine okay bye
That’s all folks find more news streams event.

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