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

Picutre via Pixabay: A cart track in May in Germany
  • Artic15 startupradio

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The Video Interview is set to go live on May 26th, 2022

The Audio Interview

Top News

New Unicorn #29 Taxfix

New Unicorn #30 Onefootball

Back at 29 Unicorns with RaisinDS

This is a Pretty Bad Sign For Carsharing in Germany

ProGlove Sold for 500 m Euros And Looking to Be the Next Team Viewer

Orderbird Sold in 100 m Euro Deal

Some Capital Seeking Unicorns Already Feel the New Market Realities

Housekeeping & Time to Brag


  • After a red-hot 2021, global venture investment cools in Q1’22, even as the global unicorn club reaches a new high
  • Funding To EU Startups Slows Sharply After Brisk Start In 2022 on Crunchbase. This is a bit at odds with our data from the DEEP Ecosystem, but we will discuss it during their podcast recording
  • Have a look at our next episode with DEEP Ecosystems coming out on June 7th
  • Berlin-based and Berlin (City) owned IBB Ventures invested in 2021 15 m Euros in Berlin-based startups, creating 75 m Euros in private investments in turn
  • Demand for electric rental cars by Germans on vacation or business is pretty low. According to a car rental platform from Germany, their electrically powered car bookings only make up 0,22% of their volume



  • Germany’s Banking Giant Commerzbank Has Submitted Application For Crypto License
  • Frankfurter-based #AI startup Read-O passes after Germany version of Shark Tank on investment of billionaire and shark tank judge Carsten Maschmeyer
  • You can learn more about them in this interview: Meet Read-O, the Spotify for Books
  • Startups in the Larger Rhine-Main Area Raised More than 300 mn € in 2021 via


  • We have talked about the opportunities the new German law allows for remotely driven cars. Now Hamburg-based Vay wants to start with them still in 2022 in Hamburg-Bergedorf
  • Here is the podcast on the legal framework
  • Dutch RV rental startup Campspace buys Hamburg based competitor Pop-Up Camps
  • RABOT CHARGE is a startup, which allows charging electric cars at the best time with the lowest possible price. They raise more than 1 m € Pre-Seed funding


  • Private-Equity fund Thomas H. Lee Partners (THL), BMW i Ventures, and Telekom Innovation Pool (TIP) invest 130m US$ in Munich-based startup Kinexon
  • US-based investor Coatue, entrepreneur Lip-Bu Tan and existing investors invest 30 m US$ in Munich-based Twaice. The company offers software to analyze batteries
  • 200 founders and 48 business angels join forces to raise 160 m € venture capital fund 10x, headquartered in Munich for early-stage investments
  • 202 million Euro: Final Closing for Cipio Partners Fund VIII — Munich Startup
  • Earlybird VC closes €350M fund for Western European startups — TechCrunch
  • Munich-based Rencore raises EUR 3,75 m Serie-A funding for their offering in the Cloud Collaboration Governance market
  • The state of Bavaria invests EUR 2 m in TUM Venture Labs — Munich Startup



  • Cologne-based ai startup Automaited raises 4 m Euros venture capital for its automation of copy & paste jobs


  • Molten Ventures, Mubadala Capital and existing investors Earlybird Venture Capital, Senovo and New Forge 40 m Euro in HiveMQ a startup from Landshut, Germany helping to connect IoT devices to the cloud


  • Early Bitpanda Investor Speedinvest Defies Tech Jitters With New Seed Fund
  • German neobroker Scalable Capital enters the Austrian market, with a large portfolio of tradable assets including cryptos and therefore directly attacking Bitpanda on their home turf
  • Neoh an Austrian household name for chocolate bars, also a scale-up raises one million euros in revenue-based financing from Tauros Capital
  • Storyblok is a Linz, Austria-based software scale-up. They just raised EUR 43 m for their headless CMS


General News / Tech News / Companies News Section


  • Former factoring startup Finiata is bought by polish shareholder Manta Ray Ventures. Finata started out as a factoring startup but increasingly turned itself into a credit provider in Poland for SMEs reports Deutsche-Startups exclusively a little hint here: Have a look at our interview with Billie. They are also pivoting to BNPL from factoring. It seems factoring is not the place to be for fintechs right now
  • PE Firm Moonfare Picks Singapore Over Hong Kong as Asia Hub

Maybe the last news on Zooplus for some time

  • Zooplus an online pet supplies store has been taken private in a furious battle of private equity houses (we talked about it in our news). Now, after the buyout, the founder leaves the company
  • Zooplus will soon be taken private. Now they publish their 2021 results headline revenue +16% to 2,09 bn Euros

Totally Not The Last News of Wirecard

  • German court rules 2017 and 2018 balance sheets of Wirecard are void, so the liquidator can demand the payback of the years’ dividends

A very very few selected VC fundings

  • Bertelsmann is already a shareholder of the app economy company builder Applike Group, in which it invests additional 100 m Euro to develop digital business models
  • Proptech Gropyus raises additional 40 m Euros to keep developing smart and sustainable solutions for living
  • Deepset raises $14M to help companies build NLP apps
  • Noteworthy for other reasons than the total investment: German football player Mario Gomez invests in food startup of former cook for Germany’s national football team Organic Garden AG producing in a circular economy approach clean meat and vegetables

Other News

  • Reportedly Lieferando co-founder and takeaway COO Jörg Gerbig is on leave while an internal investigation of potential misconduct is investigated by a law firm
  • Fast delivery startup Flink buys french competitor Cajoo and wins with Carrefour a new partner
  • ArtNight, offers „Create-It-Yourself“ events and now raised new funding. It seems investors are going for offline events again
  • Amazon aggregator Razor Group set to acquire rival Factory14 in multi-million dollar deal as European market shows signs of consolidation
  • Do you know Bastian Lehmann? He is one of the founders of Postmates, which exited to Uber. Now he is starting in fintech
  • The legal pressure on one of Germany’s most influential entrepreneurs and influencers Fynn Kliemann increases as suspicious grows that made false statements with the corona masks his company sold
  • Berlin and Brussels-based startup Accountable has banked a total of €10 million for its tax app
  • Quick Commerce: No Longer An Easy Way To Make A Fast Buck? Asks Forbes and covers — amongst others — Delivery Hero and Gorillas
  • Instafreight had to publish 2020 numbers. Their revenue grew in 2020 by 69% to 32,1 m €. The losses increased slightly from 5.1 to 7.2 m €

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