Welcome to our May 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.
We follow our top-down structure in the news: First, the top news, then we look with a bird's eye view at the startup ecosystem in the German language countries, dig deeper by looking at exciting startup cities and end with general news. And for those serious about startups, there is even a collection called: "Stay Ahead of the Curve," where we share in-depth reads, articles, studies, and podcasts.
Our next news episode will be published on June 29th, and then we are - for the news - in summer break.
Germany is now officially in a recession, but one with barely any unemployment. Also, we still track many startups going out of business, BUT the overall picture is improving. The German VC and PE Barometer - which captures the mood of many German investors - is showing an uptick. This shows especially in the massive amount of new funds raised; they promise a bright future for startups! We tracked at least 3,4 bn Euros of newly raised funds, which will be invested entirely or partially in startups in Europe and GSA. Look at our medium blog; we have more information on what the investors are looking for and how to pitch them. We also have investments and exits worth at least 5,4 bn Euros and news in this episode, including WeFox, Tier Mobility, Infarm, Blinkist, Bitpanda, Aleph Alpha, Sono Motors, and many more.
Let's talk startups:
Find all links and the other news here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2023-episode-385-87fd564d483a
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio
The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
Newsly gathers the most trending web articles, reads them in a natural human voice, and showcases trending podcasts from over 80 countries. Newsly was recently selected by BestStartup.ca as the top 15 consumer apps in Canada and got to the top 3 daily products on Product Hunt.
Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
Getir is in talks to take over German grocery app rival Flink | Financial Times
But then: Flink's sale to Getir fell through. Now Flink is raising 150 M € from investors, including grocery giant Rewe and Doordash
European e-scooter giant Tier Mobility maps route to merger
Infarm keeps shrinking and is leaving Europe, reports Handelsblatt. The greenhouse startup reportedly has only 80 employees in Europe left and will get an investment at an unknown valuation for their relocation - likely to the Middle East with low energy prices
Berlin-based startup Blinkist is sold to Australian education startup Go1 for an undisclosed amount, reported to be "hundreds of millions." Blinkist offers short wrap-ups of nonfiction books as text or audio
Bitpanda boss admits his company may now be worth only 2.5–3 bn US$, vs 4.1 bn US$ valuation at their August 2022 funding
but not from Tesla. Swedish unicorn Northvolt builts Gigafactory in the north of Germany for 4.5 bn Euros - thanks in part to large subsidies
SAP CEO indirectly confirms their investment in German AI startup Aleph Alpha, rumored to be up to 100 m Euros
Related news later emerged: We reported that SAP wants to invest in Heidelberg-based ChatGPT competitor Aleph Alpha, now Intel also shows interest in investing
wefox raises $110M in Debt and Equity Funding to become profitable: Wefox secures new funding at $4.5 billion valuation as it aims for profitability. The company sells insurance products through in-house and external insurance brokers.
For now, this is the end of a dream. Sono Motors wanted to bring with the Sion a solar roof charging car to the market. They raised several crowdfunding rounds and got external investors. They eventually made it to a NASDAQ listing in 2021 but could not finish the development of the car with the money at hand, even the down payments of many enthusiasts.
Mentioned in this episode:
Startupraven.com
The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
74集单集
Startup, Venture Capital and Tech News from Germany, Austria and Switzerland
Welcome to our May 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.
We follow our top-down structure in the news: First, the top news, then we look with a bird's eye view at the startup ecosystem in the German language countries, dig deeper by looking at exciting startup cities and end with general news. And for those serious about startups, there is even a collection called: "Stay Ahead of the Curve," where we share in-depth reads, articles, studies, and podcasts.
Our next news episode will be published on June 29th, and then we are - for the news - in summer break.
Germany is now officially in a recession, but one with barely any unemployment. Also, we still track many startups going out of business, BUT the overall picture is improving. The German VC and PE Barometer - which captures the mood of many German investors - is showing an uptick. This shows especially in the massive amount of new funds raised; they promise a bright future for startups! We tracked at least 3,4 bn Euros of newly raised funds, which will be invested entirely or partially in startups in Europe and GSA. Look at our medium blog; we have more information on what the investors are looking for and how to pitch them. We also have investments and exits worth at least 5,4 bn Euros and news in this episode, including WeFox, Tier Mobility, Infarm, Blinkist, Bitpanda, Aleph Alpha, Sono Motors, and many more.
Let's talk startups:
Find all links and the other news here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2023-episode-385-87fd564d483a
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio
The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
Newsly gathers the most trending web articles, reads them in a natural human voice, and showcases trending podcasts from over 80 countries. Newsly was recently selected by BestStartup.ca as the top 15 consumer apps in Canada and got to the top 3 daily products on Product Hunt.
Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
Getir is in talks to take over German grocery app rival Flink | Financial Times
But then: Flink's sale to Getir fell through. Now Flink is raising 150 M € from investors, including grocery giant Rewe and Doordash
European e-scooter giant Tier Mobility maps route to merger
Infarm keeps shrinking and is leaving Europe, reports Handelsblatt. The greenhouse startup reportedly has only 80 employees in Europe left and will get an investment at an unknown valuation for their relocation - likely to the Middle East with low energy prices
Berlin-based startup Blinkist is sold to Australian education startup Go1 for an undisclosed amount, reported to be "hundreds of millions." Blinkist offers short wrap-ups of nonfiction books as text or audio
Bitpanda boss admits his company may now be worth only 2.5–3 bn US$, vs 4.1 bn US$ valuation at their August 2022 funding
but not from Tesla. Swedish unicorn Northvolt builts Gigafactory in the north of Germany for 4.5 bn Euros - thanks in part to large subsidies
SAP CEO indirectly confirms their investment in German AI startup Aleph Alpha, rumored to be up to 100 m Euros
Related news later emerged: We reported that SAP wants to invest in Heidelberg-based ChatGPT competitor Aleph Alpha, now Intel also shows interest in investing
wefox raises $110M in Debt and Equity Funding to become profitable: Wefox secures new funding at $4.5 billion valuation as it aims for profitability. The company sells insurance products through in-house and external insurance brokers.
For now, this is the end of a dream. Sono Motors wanted to bring with the Sion a solar roof charging car to the market. They raised several crowdfunding rounds and got external investors. They eventually made it to a NASDAQ listing in 2021 but could not finish the development of the car with the money at hand, even the down payments of many enthusiasts.
Mentioned in this episode:
Startupraven.com
The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
74集单集
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