32 minutes | Jun 1, 2023
This Month in German, Swiss, and Austrian (GSA) Startups - May 2023 | Episode #385
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.Our Highlights: 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-385-87fd564d483aTune in to our 24/7 Tech Entrepreneurship Internet Radio Station here: www.startup.radioSubscribe Here Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio Our EnablersThis recording is supported by HTAI and the Enterprise Europe Network Hessen Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/ Top NewsDeal or No Deal? 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 Tier Mobility to Merge with Competitor European e-scooter giant Tier Mobility maps route to merger Will Infarm Be Soon Outfarm? 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 Blinkist Makes a Large Exit! 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 Large Drops in...
12 minutes | May 11, 2023
The Seven-Step Approach to Evaluating Startups: A Storytelling Perspective | Episode 382
Our Sponsor ExpressVPN Thanks to ExpressVPN for sponsoring today's video. Go to MYLINK to grab your special offer. #ad 1️⃣0️⃣ people have already claimed this exclusive offer: https://strms.net/expressvpn_startupradioExecutive Summary The Startuprad.io podcast and YouTube blog covers the German-speaking startup scene and in this episode, Joe interviews Paulina Jänsch, co-founding partner at Leanox Impact Capital. Paulina discusses her seven-step approach to evaluating startups and fundraising as storytelling, emphasizing the importance of a financial model that reflects the startup's value drivers. She also talks about Leanox Impact Capital's investment criteria, which focus on impact innovation and solving environmental or social problems. The company invests in early-stage startups in Europe, with a focus on industry-agnostic but always impact-driven ventures, and prioritizes investing in female founders and LPs.EU Startups Summit This interview was recorded outside of the EU Startups Summit 2023 on April 20th in Barcelona. Thank you EU Startups for the great event. The Founding Partner Paulina is one of two founding partners at Leanox Impact Capital and a TOP 100 most influential women in the European VC and startup space. She holds a Bachelor of Science from Maastricht University School of Business and Economics and a Master of Science from Erasmus Universiteit Rotterdam, as well as a Master of Science from EADA Business School. She also spent time in Singapore (Nanyang) for an exchange semester. Paulin also worked at EY Analytics, immostore, and participated in the CFA Research Challenge by Caixa Bank. Amongst being GP at Leanox, she is also invested as Business Angel in nine companies. The Investor Leanox.eu is looking to raise a new fund with not only 50% female (co)founded startups, but also 50% female LPs. Leanox is also looking for parity in itself, they have 50/50 GPs in Leanox. The VC is motivated to disrupt inequalities, to tackle social and environmental issues as an opportunity to improve the world we all live in. Find the email to pitch Leanox in our blog post (link below). Tune in to our Internet Radio Station here: Join 20.000+ monthly listeners! This station is a must-listen for anyone with even a passing interest in the business www.startup.radio Blog Post and Show Notes: Find all links and show notes here: https://medium.com/startuprad-io/the-seven-step-approach-to-evaluating-startups-a-storytelling-perspective-episode-382-a0cec4da3cb8 Chapters: 00:00:00 Intro 00:00:20 Sponsoring Message by ExpressVPN 00:01:04 Paulina Jänsch - Co-Founding Partner at Leanox Impact Capital 00:01:50 Paulina’s Seven-Step Approach to Valuation Impact Startups 00:09:30 How to Pitch Leanox - Investing in Impact Innovation #techstartups #germany #startupinvesting #femalefounders #femaleentrepreneur #femaleinvestor #startupinvesting #impactinvesting #startup #startups #startupradio #entrepreneurship This podcast uses the following third-party services for analysis: Podder - https://www.podderapp.com/privacy-policy Chartable - https://chartable.com/privacy
22 minutes | Apr 27, 2023
This Month in German, Swiss, and Austrian (GSA) Startups - April 2023
Welcome to our April 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.Our Highlights: Considerable funding made headlines last month. We have more than 600 M euros in funding in our highlights alone. A potential large exit: Software AG, the Darmstadt-based listed software company, is close to a 2.4 bn US$ exit with an offer from Silverlake Partners. Also, Berlin-based Blinkist may be close to a 200 M € exit. Hundreds of millions of raised funds were announced by Enpal (via ABS), Isar Aerospace, IntegrityNext, Razor Group, and Tado. Also, SAP is close to investing in Germany’s hottest AI startup Aleph Alpha from Heidelberg. Diverging picture in Airtaxi space: Lilium is looking for new investors; Volocopter builds the taxis and expects them to fly in less than 500 days at the Paris Olympics. Let’s talk startups:Top NewsSoftware AG Close to a Multi-Billion Acquisition Private-equity firm Silver Lake Partners, based in Menlo Park, is close to buying Germany’s Software AG in $2.42 billion deal. The offer is already public, reported Reuters. Shares of listed Software AG jumped 53% at the announcement. The investor already knows the company: In February 2022, Silver Lake had invested 344 million euros in the software developer’s convertible bond, which upon conversion would represent nearly 9% of issued Software AG shares.Enpal Raises More Than 300 M€ Enpal raises up to €356 million via Securitization of Solar Receivables with first German residential solar ABS. ABS are asset-backed securities, that means if Enpal can not pay interest or pay back the final sum, the investors have the collateral (assets) backing the securityBlinkist Close to 200 M € Exit Reports blog Deutsche-Startups, with an offer from an — yet unnamed — American company. The blog, with its founder Alexander Hüsing is usually pretty well informed and has been right before.Isar Aerospace Closes €155 Million Funding Isar Aerospace closes €155 million Series C funding round, ignition sequence start, all engine running. Investors are 7-Industries Holding, Bayern Kapital via its Scale Up Fund Bavaria, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding SE (Porsche SE), UVC Partners, and Vsquared Ventures100 m € for IntegrityNext The company has been bootstrapped for seven years, but now IntegrityNext takes €100 million from EQT Growth fund.Razor Group Raises 88 M US$ Berlin-based Razor Group, an e-commerce aggregator, closes Series C at $88M at $1.2B valuation, acquires Stryze to consolidate.Tado Raises Money, As IPO Plans Falter Smart thermostat startup Tado wanted to IPO but then came Corona and Ukraine. They originally wanted to explore a sale or IPO after their 2021 fundraising, but the SPAC deal faltered and they needed to adapt. So they raised 46.9 M US$. Their existing investors already include Siemens, Amazon, and EON.SAP To Invest In AI Startup Aleph Alpha German press reports that the software giant SAP is about to invest in German ChatGPT competitor Aleph Alpha, which also claims to have eliminated fake news from its software. As yet, the valuation and investment are not known. Related: Heidelberg-based startup, a competitor of ChatGPT, claims to have eliminated fake news from its tool LuminousAirtaxi Lilium is Looking for New Money, and Volocopter is Planning to Fly Airtaxi Lilium: 0 Euro revenue, 253 mn € losses. They are looking for new investors. Volocopter on the other hand, wants to start operating their drones as taxis ASAP. They also pledged to operate their air taxis in Paris, during the Olympic Games, in less than 500 days. Related: Volocopter starts production — founders magazinAll Links and Show...
30 minutes | Apr 13, 2023
This Fintech Got 100 mn € From Goldman Sachs to Invest | Creditshelf
Executive Summary Learn how CreditShelf, a leading German fintech company, secured 100 million euros of investment from Goldman Sachs and what that means for businesses seeking credit. CreditShelf recently received 100 mn € from Goldman Sachs to lend out via their platform; Goldman joins other investors like the European Investment Fund. The fintech works with Raisin Bank to get SMEs loans within four weeks. They IPOed already in 2018 in Frankfurt as the first pure-play fintech in Germany. The Founder Daniel is a returning guest. We interviewed CrediShelf shortly after their IPO in 2018 (link below). Daniel holds an MBA from the University of Mannheim and a Ph.D. from the University of Düsseldorf. He has experience s a management consultant from Kienbaum and Bain & Company. He has also been an executive director for Swiss banking giant UBS for eight years in their investment bank (Fixed Income, Currencies and Commodities (FICC)) in Zürich and Singapore. He is one of the three co-founders of CreditShelf, which was set up in 2016, and currently acting as the CFO of the company. The Startup CreditShelf is a credit platform connecting institutional investors and German Mittelstand (German small and medium enterprises). They provide corporate loans using a licensed bank (Raisin Bank). The loans work as a fast stand-alone solution (can be paid out within 4 weeks) or part of a more significant credit, involving other parties and banks. The company has successfully developed an online credit marketplace platform whose processes are supported by proprietary, data-driven risk analysis software. On their platform, they offer loans for companies located in Germany from 100.000 € to 5 M €, stretching up to 5 years for supplies, scale-up, real estate, and M&A. The CreditShelf platform models the entire credit process, from the loan application through credit analysis and risk management to loan disbursement and servicing. Subscribe Here https://linktr.ee/startupradio Our Sponsor Startupraven https://startupraven.com/ Keep Up to Date Here is our publication calendar: https://calendar.google.com/calendar/embed?src=012i27ak525qi3smgjl8v9tbio%40group.calendar.google.com&ctz=Europe%2FBerlin All Links and Show Notes Here is our blog post: https://medium.com/startuprad-io/this-fintech-got-100-mn-from-goldman-sachs-to-invest-creditshelf-782d9f2223b7 Chapters: 00:00:00 Intro 00:01:50 Daniel Bartsch, CFO - Former Management Consultant and Investment Banker 00:03:16 The Company - CreditShelf 00:13:42 Loan Demand in Germany Outstripping Supply 00:23:44 CreditShelf’s Outlook on the Economy in 2023 00:25:18 Hessen and Frankfurt as Startup Hub #startupradio #startup #startups #fintech #fintechfinance #fintechstartups #fintechstartup #frankfurt #germany #credit #sme #lending #lendingcompany #credit #venturecapital #technology #techstartup #techstartups #joemenninger 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/ Find Us on Newsly Newsly gathers the most trending web articles, reads them in a natural human voice,
31 minutes | Mar 30, 2023
This Month in German, Swiss, and Austrian (GSA) Startups - March 2023
Intro Welcome to our March 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: The top news, followed by a bird’s eye view at the startup ecosystem, next deeper looking at fascinating startup cities, and we end with general information. And for those serious about startups, there is a collection called: Stay ahead of the curve, where we share exciting reads, articles, studies, and podcasts. Welcome to our startup news wrap-up for March with Chris from New York City and Joe from Frankfurt. We recorded this news episode on March 27th, 2023. A little disclaimer: You may have noticed a lot of stress in February here at Startuprad.io. We should have remembered a few news items in our backlog and added them to this episode. All news not yet included here will be published in our next news episode for April, to be published on April 27th. Find all links to the quoted information on our Medium blog link below. If you celebrate it: Happy Easter! We also try to bring you a bit of culture from Germany here.Our Highlights: Good news and bad news for Fintechs Raisin and N26. Raisin gets its unicorn status back and gets a lot of new business, so much in fact that the complaints at Bafin are mounting. N26 generated 200 mn € revenue in 2021 but has to deal with a senior employee uprising. Neobank Ruuky is saved last minute. Startup Bonify reportedly makes a 20 mn € exit, but employees only get invited to a barbeque. GoStudent is a no-go with courts, and the first Goldman-backed fintech in Germany struggles. Bavarian Airlines may be just a hoax, and Grover shows the first signs on their way to an IPO. Let’s talk startups:Tune in to our Internet Radio Station here: www.startup.radioSubscribe Here Find all options to subscribe to our newsletter, podcast, YouTube channel, or listen to our internet radio station here: https://linktr.ee/startupradioOur EnablersThis recording is supported by HTAI and the Enterprise Europe Network Hessen. This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradioStartupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/Find Us on Newsly 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 one of 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.Top NewsGood News and Bad News at Raisin The rising interest...
21 minutes | Mar 23, 2023
Exploring Germany's Startup Strategy With Digital Commissioner Anna Christmann
Executive Summary Germany has adopted a startup strategy for the first time. One should pay attention if Europe's largest economy makes such a step. The ten bn € Future Fund and others are part of the program, which channels billions in investments to startups in Europe and especially Germany. Therefore, this episode has a special guest, the Commissioner for Startups and Digital Economy for Germany, Dr. Anna Christmann, a Bundestag (the German federal parliament ) member (MdB). We touch on some of the ten points of the strategy and their criticism. The money comes from the ten bn € startup program (aka Future Fund) we covered with her predecessor in June 2021 (YouTube: https://youtu.be/kZxoEUa_6Uk) during the Merkel government. We also brush the topics of the German Deep Tech and Climate Fund, worth one bn €, and the European Tech Champion Initiative, a fund of funds worth four bn €, and how they fit into the programs.Subscribe Here https://linktr.ee/startupradioOur Sponsor Startupraven Sign up here: https://startupraven.com/ The Commissioner for Startups and Digital Economy Our special guest is the Commissioner for Startups and Digital Economy for Germany, Dr. Anna Christmann, a Bundestag (the German federal parliament) member. This video follows her predecessor's interview from June 2021, where we explored how Germany will spend ten bn € in the newly set up startup program (YouTube: https://youtu.be/kZxoEUa_6Uk). She is a Green Party (Die Grünen) member, one of the three parties forming Germany's coalition government under Chancellor Olaf Scholz. The Startup Strategy In broad terms, the strategy has 10 points in our show notes, links to further readings, and the full policy document in English. (Link below). Strengthen financing for startups Help startups to attract talent, including through improved employee ownership opportunities. Develop a spirit of entrepreneurship and facilitate the setting up new digital businesses. Strengthen female entrepreneurs and support diversity in startups Facilitate startup spin-offs from science and universities Improve the policy environment for startups that serve the common good Mobilise startup competencies for public contracts Make it easier for startups to access data Strengthen regulatory sandboxes and facilitate access to them for startups Put the focus on startups Ten Billion Euro Future Fund We already covered the ten bn € startup program (aka Future Fund) with the predecessor of Mrs. Christmann in June 2021. This fund is the source of money to be invested in different initiatives, some mentioned in the interview and shortly covered below (DTCF and ETCI). You can learn more in this interview here on YouTube https://youtu.be/kZxoEUa_6Uk. Deep Tech and Climate Fund (DTCF) The one bn € deep tech and climate fund is newly set up as part of the government program. European Tech Champions Initiative (ETCI) Germany also invests one bn € in the European Tech Champions Initiative. Five EU Member States launched the European Tech Champions Initiative (ETCI), a Fund of Funds that will channel much-needed late-stage growth capital to promising European innovators. At the time of the recording, four bn € have been committed to the...
35 minutes | Mar 16, 2023
Meet One Of The Investors Investing 300 m Euro For Europe’s Green Deal To Become Reality
Executive Summary The European Circular Bioeconomy Fund (ECBF) is a venture capital fund consisting of both public and private investors. It focuses on driving the transformation to a bio-based, sustainable economy throughout Europe. This venture underlines the EU's commitment to its Green New Deal and sets higher standards for venture capital projects. Backed by venture capital, those companies funded must not only demonstrate economic growth potential but also uphold principles of environmental, social, and governance through their work. This fund stands as one part of a larger and definitive effort by the EU to become carbon neutral by 2050.Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what's best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradioOur Sponsor Startupraven A startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance. The best way to find investors and cooperation partners for early-stage startups. Sign up here: https://startupraven.com/The General Partner Michael is one of the three founders and General Partners of the European Circular Bioeconomy Fund (ECBF). The German entrepreneur wrote and executed the business plan of High-Tech Gründerfonds (HTGF), the most active early-stage fund in Europe, investing in innovative technologies and business models since 2005. As the first managing director, he led HTGF until 2019. Michael has 25 years of experience in investment and management in the venture capital industry.The ECBF The European Circular Bioeconomy Fund (ECBF) is an impact investment fund. Initiated by the European Union, it contributes alongside others as a financial instrument to achieve the goals of the European Commission's (EC) EU Green Deal. The European Investment Bank (EIB) is the main investor in the ECBF with EUR 100 million. Additional funds were invested by another public investor, NRW.BANK, as well as numerous private investors such as Nestlé, Neste, Corbion, BÜFA, Koehler Group, Volkswohlbund, Hettich, Invest NL, Telos, Heino, and more. The fund invests the available capital of 300 Mio. euros in ambitious and visionary companies that advance the bio-economy and circular economy with innovative technologies or business models and thus have a sustainable impact on the European economy. The goal is to accelerate the growth of bio-economy companies and create pan-European, global players. The goal of generating a very high return on investment is directly linked to this and is on the same level as the impact goal. The regional focus of the investments includes the EU-27 countries and the 16-Horizon2020 associated countries.Current Portfolio The current portfolio includes (amongst others) the following companies: Peel Pioneers ProLupin Aphea.Bio Nuritas Elicit Plant InOvo Protix Biosyntia Trapview Pitch the ECBF ECBFs Vision is to build up a prosperous economy realigned with nature. To get there they aim to identify the most promising investment targets in the European Bioeconomy, with both good financial returns and a huge impact on the environment. Thus, ECBF is interested in connecting with entrepreneurs, investors, and business promotion stakeholders with robust business networks in the bioeconomy. Find all requirements and the email to pitch...
30 minutes | Mar 9, 2023
Is 2022 the start of a new VC Cycle? - European Startup Pulse
Executive Summary We are back with quarterly cooperation with DEEP Ecosystems research from Munich. Today we talk about a few highlights of their extensive 2022 report. Our current impression is that the VC market could start a new cycle from the lows of Q4 2022. We already see a new uptick in seed investments in Barcelona, London, Paris, Berlin, and Stockholm. Also, London is losing some of its edge as a European Startup Ecosystem compared to the other hubs. For VCs, the next hot sector to invest in Europe is cleantech. Despite the job cuts in 2022, at the year's end, there still have been more employees at startups across Europe than before Corona. "The mood is down in the venture capital market. Startups definitely feel the crunch, but there is still dry powder available." Thomas Kösters - DEEP Ecosystems Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what's best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradio About the Pulse of the European Startup Ecosystem The European startup scene is changing fast. There are new players, old ones fading away, and even more to come in their place- all vying for a piece of this growing pie! To avoid getting left behind, you need regular updates on what’s going on so that our entrepreneurs can stay one step ahead when building or investing in companies here. That’s why we started the “Pulse of the European Startup Ecosystem” which will provide you with quarterly podcasts chronicling different aspects related to startup activity across European Hubs, supported by the data from the specialized analytics company DEEP Ecosystems. "Berlin is the European Capital of Meetups. " Thomas Kösters - DEEP Ecosystems Find Us on Newsly 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: http://www.newsly.me/ and use the coupon code “STARTUPRAD” to get a one-month free premium subscription. Some Highlights Startup funding took a hit on a European Level across the board regarding total investments, especially in Q4 2022. This matches what we have seen in our interview with kfw covering their VC and PE barometer. On the excellent news site, there is a substantial uptick towards the end of the year 2022 in announced seed funding rounds. All large European Hubs, Barcelona, London, Paris, Berlin, and Stockholm, showed more seed funding rounds. Only Amsterdam did show a decline, which may be due to the available data. Exits and large fundraisings have filled the coffers of VCs, who build up their teams during the good years. This leads to increasing pressure to invest on the VCs by their investors, called LPs (think insurance companies and pension funds). Cleantech has also emerged as a new growth sector for VC investments - on a European level. In the last 6 months, compared to the last 3 years, cleantech investments have increased disproportionally. Classic sectors for VC investments remained sexy in the 2nd half of 2022, including fintech, media, health, and AI & big data. Hardware is also a sector - along with consumer apps - just on the edge of becoming a growth story for VC investments. Despite the job cuts announced in recent weeks or months, there is still net positive job growth in the European Startup Ecosystem - compared to before
30 minutes | Mar 2, 2023
The Only Venture Capital Data For Germany You Need To Know
Executive Summary The kfw surveys each quarter around 450 investors for this barometer, so it is one of the broadest and most reliable indicators of the current mood of private market investors in Europe's largest economy. In this episode, we have Dr. Fritzi Köhler-Geib, the chief economist of kfw, as a guest. She introduces us to the barometer that has 3 main components: business climate, (current) business situation, and business expectations (for the next quarter). There are also 12 subcategories covering areas like fundraising, entry evaluations, exit opportunities, new investment, deal-flow quantity, deal-flow quality, and even the taxation framework. Tune in to learn more.The Chief Economist Dr. Friederike "Fitzi" Köhler-Geib is the chief economist (https://www.kfw.de/About-KfW/KfW-Research/KfW-Chief-Economist/Koehler-Geib-vita.html) of kfw. Dr. Köhler-Geib has studied at HEC in Paris, the University of Michigan in the US, the University of St. Gallen in Switzerland, and Pompeu Fabra University in Barcelona in Spain. She is still a fan of Michigan's Wolverines by the way. She holds a Ph.D. in Economics from Ludwig Maximilian University Munich and Pompeu Fabra University. Before becoming the chief economist, she spent many years in Washington D.C., working for the international monetary fund and the world bank. She was at the world bank the lead economist for Central America and the Senior Economist for Latin America. In these functions, she also traveled quite frequently to Central and South America.The kfw kfw (https://www.kfw.de/kfw.de-2.html) is a wholly government-owned development bank, based in Frankfurt am Main. The bank has a public mandate to assist federal and state governments with administrating (mostly loan) programs. According to the total size of its balance sheet, it was Germany's 3rd largest bank in 2018. The whole kfw group includes several specialized units, including kfw capital (https://www.kfw.de/microsites/Microsite/kfw-capital.de/en/) to promote innovation and growth, which also administrates multi-billion euros in VC investments, mostly as LP in other funds.The Venture Capital and Private Equity Barometer For the VC and PE index (https://www.kfw.de/About-KfW/Service/Download-Center/Konzernthemen/Research/Indikatoren/German-Private-Equity-Barometer/) the kfw research department surveys around 450 investors quarterly. They are members of Germany's PE and VC Association (https://www.bvkap.de/) and part of the Deutsche Börse Venture Network (https://www.venture-network.com/dbvn-en/) on many dimensions of their outlook for the next quarter and business in the last quarter. Not all data is available on the website in English, but the index has now a history of more than 80 quarters. The index has three main components and 12 subcategories. The main categories are business climate, (current) business situation, and business expectations (for the next quarter). The subcategories cover areas like fundraising, entry evaluations, exit opportunities, new investment, deal-flow quantity, deal-flow quality, deal-flow innovativeness, taxation framework, write-downs, economy (overall), interest rates, and funding. Find all blog posts with all the links on our blog https://medium.com/startuprad-io/the-only-venture-capital-data-for-germany-you-need-to-know-24aa5ac1e919 Subscribe Here https://linktr.ee/startupradio Topics Discussed in this Interview In this interview, we are talking about #innovation #startup #startupstories #startupradio #entrepreneurship #entrepreneur #business #motivation #success...
23 minutes | Feb 23, 2023
This Month in German, Swiss, and Austrian (GSA) Startups — February 2023
Welcome to our February 2023 wrap-up with the 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 interesting startup cities and end with general news. And for those of you who are really serious about startups, there is even a collection called: Stay ahead of the curve where we share interesting reads, articles, studies, and podcasts. Welcome to our startup news wrap-up for February 2023 by Startuprad.io with Chris from New York City and Joe from Frankfurt. We recorded this news episode on February 21st, 2023. All news not yet included here will be published in our next news episode. Find all links to the quoted news on our Medium blog, link below.Our Highlights: Rising interest rates are leading to an interest rate war between the neobrokers. We covered the troubled company Windeln.de, which is now liquidated. Farewell! Moonfare extended it’s Series C funding to more than 130 m US$, but we are not sure who invested in the last batch, since a fund is mentioned, that was also founded by Moonfare’s founder. The City of Mainz goes live with its quest to become a world-class biotech hub. N26 was reportedly in advanced talks to buy dutch broker Bux, but buxed out shortly before the closing. AAAAAAnd, we like to end on a high note: Raising is in the process of reclaiming its unicorn status with new funding. We have also some event recommendations for you and discounts from 20% to 100% for the events listed in our show notes. Let’s talk startups:Our EnablersThis recording is supported by HTAI and the Enterprise Europe Network Hessen Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradioTop NewsNeobrokers Just Started — What May Be An Interest Rate War (Chris) After german unicorn Trade Republic had a smashing success with offering 2% interest for money deposited there now also fellow unicorn Scalable offers even 2,3%, BUT only from 100k € on and only if you are a subscriber (4.99/month) Farewell Windeln.de We have often talked in our news about the precarious position of windeln.de. Now it is finally liquidated Who Extended Moonfare’s Series C? Moonfare is a fintech from Germany, allows individuals to invest in Private Equity Funds, founded by former KKR Germany Head Steffen Pauls. They cap their Series C extension round at about $15M, bringing its Series C funding to $130 million+ the Berlin-based fintech allows HNWI, family offices, banks, and their advisor's access to top-tier private markets investments. BUT German business magazin Manager Magazin reports that for this extension the only investor mentioned by name is one that Mr. Pauls has co-founded. You can find his profile at 7 Global Capital here on their website as Managing Partner and Founder.City of Mainz Starts to Invest some of Their Billions in the BioTech Hub You may remember that we told you the story of Mainz? A lovely city with a normal annual budget of 100 million Euros, the capital of one of Germany’s states. Since they are also the headquarters of BioNTech they got flooded with tax revenues as soon as the corona vaccine was rolled out. They showed more than 1 bn € profit as a city in 2021 alone and they want to invest the money to become a world-class biotech hub. Now the company they want to...
27 minutes | Jan 26, 2023
This Month in German, Swiss, and Austrian (GSA) Startups - January 2023
Happy 2023, as well as a happy Chinese New Year of the Rabbit. 2023 Chris and Joe will again bring you startup news once a month (with a small summer break) wrapping up what was going on — and we found noteworthy — in the GSA / DACH startups scene.Our Highlights: WeFox is under fire for growing with acquisitions of insurance broker pools, BioNTech makes largest acquisition in its history, DeepL confirms unicorn status and snipes at Grammarly, Solarisbank in trouble with BaFin, Trade Republic has to disclose numbers and Sono Motors gets longer runway with EU money. Let’s talk startups:Subscribe Here Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradioOur EnablersInvest-in-Hessen This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Look for Tech Startups Germany here: https://linktr.ee/startupradioStartupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: Startup RavenTop NewsWeFox got some splaining to do 🙂 Extensive, but not favorable coverage of insurtech Wefox came out this month. The main complaints are that the growth is basically driven by acquiring existing pools of insurance brokers (not really what you would associate with an insurtech startup). They made that way 600 million Euros in revenue in 2022. But these pools do not get innovative systems from WeFox, or innovative insurance offers from them, they just keep working. Also, there has been no innovative product that really drove the growth at WeFox as an innovative unicorn BioNTech makes the largest acquisition to date BioNTech may be one of Germany’s most successful startup companies. We talked about it in our news before, the company alone is responsible for approximately half a percentage point of Germany’s GDP Growth in 2021 — Keep in mind that Germany is the 4th largest country in the world by nominal GDP. Here is the new piece: Mainz-based pharma company BioNTech (famous for their corona vaccine) makes the largest acquisition in its history with UK-based AI startup Instadeep Related: BioNTech’s founder on the future of mRNA technology Cologne-based DeepL confirms unicorn status and snipes at Grammarly DeepL takes aim at Grammarly with the launch of Write, to clean up your prose. Related: Cologne-based translation tool DeepL confirms unicorn valuation for their 2022 fundraising of 100 mn US$ Solarisbank joins N26 in Troubles with BaFin Bafin is Germany’s bank oversight body (think FSA or SEC). They have already limited the number of customers N26 can acquire due to lapses in following regulations (especially AML), now Solarisbank is in too: “Solarisbank in Germany can now only get new partners (fintech clients) with permission of German finance oversight BaFin, due to continuing problems. BaFin also sends an “observer” Trade Republic Updates Trade Republic generates more than 1 bn Euros inflows of new client money with 2% interest rate offer and a lot of favorable press coverage. Also, Trade Republic has to publish their numbers: There is a legal requirement in Germany to publish your balance sheet 12 months after your business...
47 minutes | Jan 19, 2023
Fintech and Banking 2023 and Beyond | Strategy
Executive Summary In this episode, we have the privilege to explore fintech and banking in 2023 alongside Paolo, Global Research Leader for Banking and Capital Markets for IBM. He offers his insight into fintech and banking twenty years from now. We examine the strategies important for capital markets, fintech, and banking and the forces shaping their future. Paolo shares with us that these players need to be cognizant of their strategy choices, as well as how different successful platforms will be in the future. Last but not least, he impresses how imperative it is to start reasonably preparing for quantum computing today. It is a must-listen episode that provides tremendous insight into fintech growth and innovation.Subscribe Here https://linktr.ee/startupradioOur Sponsor Startupraven A startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance. The best way to find investors and cooperation partners for early-stage startups. Sign up here: https://startupraven.com/The Expert Paolo is a fintech entrepreneur and thought leader who stands out from the crowd. He has been at the forefront of innovation in banking and fintech for nearly two decades. He has served as an experienced banker and risk manager, having held senior positions in major firms. In 2008, he founded Capitecs, an innovative startup based in Frankfurt that would eventually be acquired by IBM in 2012. Since then, Sironi has continued to innovate and lead the global research efforts for the IBM consulting institute, particularly in banking, fintech, and capital markets. He has also released five bestselling books on various fintech-related topics that have further established him as an authority figure. Paolo Sironi serves as a testament to success resulting from fintech expertise gained through experience in traditional banking institutions. His most recent one is "Banks and Fintech on Platform Economies: Contextual and Conscious Banking (The Wiley Finance Series)" you can buy it and learn more here: https://amzn.to/3XC3OIU (AL)His other books are: FinTech Innovation: From Robo-Advisors to Goal-Based Investing and Gamification https://amzn.to/3IOHqrM (AL) MiFID II: Value-Generation for Investors https://amzn.to/3iFtQML (AL) Modern Portfolio Management: From Markowitz to Probabilistic Scenario Optimisation https://amzn.to/3iFtQML (AL) Financial Market Transparency: Essay on Financial Markets Theory https://amzn.to/3Wi7z5j (AL) 金融科技创新 (Fintech Innovation Mandarin Edition): https://amzn.to/3Wi7z5j (AL) Thoughts To Ponder Paolo, a fintech entrepreneur, banker, and thought leader in risk management, believes that banks are unable to compete on the level of volume needed to match that of tech giants. In order to stay competitive and provide value for their customers, fintech must set their sights on delivering superior service rather than chasing the same levels of scale. With his books and writing, Paolo has created a framework through which bankers and fintech entrepreneurs alike can better target value-based services in order to gain an...
36 minutes | Dec 26, 2022
Bonus: What We Know About the FTX Collapse?
Executive Summary In this bonus episode of our expert interview series, Antonio Fatas, Professor of Economics at INSEAD, joins us to provide insights into the current situation with FTX. We've gathered a good deal of information about the collapse so far but there is still much that remains unknown. We delved into some of the known facts surrounding FTX and pondered together on what could happen in the future. It's clear from our discussion that FTX was not a regulated financial institution, and also had its own unique challenges. We'll be keeping an eye out for more developments related to FTX as time goes on to see what other lessons we can learn. I do believe there are other places where entities are insolvent, we just have not seen it yet. Antonio Fatas, Professor of Economics Subscribe Here We are always sharing new resources with you. Find all of our options below. https://linktr.ee/startupradio FTX suffered from bad management and likely fraud as well Antonio Fatas, Professor of Economics Background As crypto continues to grow into a new and important market, the digital asset industry has been rocked by the sudden collapse of one of its biggest crypto exchanges - FTX. Led by crypto personality Sam Bankman-Fried, FTX had previously been ranked as the world’s third-biggest crypto exchange in terms of trading volume, so its downfall came as quite a shock to crypto investors. This news is sure to cause ripples throughout the crypto industry for a long time, and it serves as another reminder that despite its rising popularity, crypto remains an unpredictable and high-risk gamble. Regulators may now have a different view on the risks and regulations of crypto. Antonio Fatas, Professor of Economics This event echoed Mt Gox’s downfall although the underlying problem was quite different. Unlike Mt. Gox which fell victim to hack, FTX merely could not keep up with the sudden demand for withdrawals caused by investors who were losing faith in the platform. The resulting effect sent FTT, their native token, tumbling and kicked off a domino effect causing customers to rush out of the exchange and further crippling its ability to sustain itself, leading inevitably to its demise. I find it very revealing that these tokens that are supposed to work with high inflation, because the central banks are all crazy but this is the way to hold on to your purchasing power. Now that we have inflation, they are collapsing. That to me is a really red flag. Antonio Fatas, Professor of Economics Bitcoin crashed, Ethereum crashed, and almost every other major token did the same. Then Binance stepped in, with the world’s number one exchange announcing it would buy FTX and ensure everyone gets repaid. But just as soon as the market settled, Binance announced a U-turn, saying the situation at FTX was beyond recovery. The implications from the complase of FTX will be felt for crypto for the coming years in more an thougher regulations. That is why we will follow the story. We start with a discussion of the situation with our guest. Professor Fatas. The Expert Antonio is an influential professor of economics with an impressive set of credentials. With a Ph.D. in Economics from Harvard University and a research fellowship at the Centre for Economic and Policy Research in London, he brings broad expertise to his job as a Professor of Economics...
34 minutes | Dec 25, 2022
Fintech Review 2022 - Germany, Austria, and Switzerland
Management Summary Welcome to a Startuprad.io tradition, airing on December 25th. A review of the most important events in Fintech from the perspective of our guests for the 8th year in a row right now. The most important development in the fintech world was for most guests the FTX collapse. During the recordings agreed that fintech investments have seen a peak — there will be a valley behind it, but there will be new investment records achieved after the expected recession. As next hot topics emerged embedded finance and crypto. Not all crypto will be hot again, only with a sustainable business model, there is a future according to our guests. Actually, some guests welcomed a shakeout of the market — albeit it should not have been that violent and long. Leave Us a Good Review We would be more than happy if you rate and review us either on YouTube, your podcast app of choice, or on the internet radio station you are listening to us right now.Introduction to our Fintech Review For years Startuprad.io makes an annual fintech review, where practitioners, investors, and fintech folks get to wrap up their year. The focus is on GSA, but it seems to be more and more the case that markets get more interconnected and trends follow each other in much shorter time spans. It is also a tradition that we publish it on December 25th. Keep in mind that since the first fintech review the field has changed and broadened a lot! Really a lot. Where it used to be only payment apps, now there are fintechs in insurance, crypto, proptech, banking, SME banking, capital markets, and much much more. So we thought we would invite guests from a diverse range of backgrounds to give you their perspective on the time of corona, the year 2022, and the outlook for next year. Our guest this year: Meeri Savolainen, CEO and Co-Founder of Insurtech INZMO Luca Frignani, CEO and Co-Founder of Credit Platform Exaloan Henrik Gebbing, Co-Founder and Co-CEO of Crypto Custody Bank Finoa Frank Schwab, Co-Founder of the Fintech Forum and multiple supervisory board member Our questions to the guests: What was the most important development in the fintech world in 2022? Do you think fintech has peaked in terms of investments — as some data suggests? What is the next hot topic in fintech? Is crypto making a comeback or are we all focusing on API tools for embedding finance functions? If you have one: What was the most interesting fintech development for you during corona? If you have one: What was the most important piece of news in 2022? Thank you very much for your valuable time and insights. We wish you much success in 2023 and happy holidays!Blog Post With Links and Show Notes https://medium.com/startuprad-io/fintech-review-germany-switzerland-and-austria-gsa-2022-97b12122e34b #startup #germany #austria #switzerland #fintechreview #startupradio #entrepreneur #entrepreneurship #investing #venturecapital #crypto #embedded #custody Mentioned in this episode: Learn more at https://www.younium.com/ Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more at https://www.younium.com/ Startupraven.com The best way to identify investors and cooperation partners...
27 minutes | Dec 22, 2022
This Month in German, Swiss, and Austrian (GSA) Startups - December 2022
Welcome to This Month in German, Swiss, and Austrian (GSA) Startups, our startup news wrap-up for December 2022 by Startuprad.io with Chris from New York City and Joe from Frankfurt. We recorded this news episode on December 19th, 2022. Keep in mind, this news episode covers everything since our last news episode. As always: All news not yet included here will be published in our next news episode, which will be January 2023, the first news for 2023. Guys, another year is over! Find all links to the quoted news on our Medium blog, link belowOur Highlights: Enpal makes huge fundraising in the current environment, more than 800 mn €. Sennder doubles its valuation in the next funding round to 2 bn US$ and has already 60 mn commitments. The funding environment may be bleak, but investors announced new funds for VC and PE investments worth 3.1 bn US$ targeting startups and scaleups in GSA or Europe. One blog asks if the time of Rocket Internet is over, Matter Labs raises 200 mn, a big heist drives a startup into insolvency and Getir buys Gorillas for 1,2 bn US$, a far cry from Gorillas' former 3 bn US$ valuation. Let's talk startups:Top News Enpal Fundraising Enpal could double its valuation in the new funding round. Berlin-based unicorn Enpal closes €855 million in debt funding to accelerate the adoption of solar energy.Sennder Raises New Funds At Double Valuation Digital forwarder unicorn Sennder is raising new money, at a 2 bn US$ valuation. According to the report, they already have 60m commitments.Fundraising For VCs Went Quite Well - More Than 3.1 bn Euros Worth of New Investment Funds Have Been Closed The largest is EQT Ventures. It has Money if your startup needs it: EQT Ventures III closes Europe's largest venture capital fund committed to early-stage tech startups. The money will go to early-stage startups in Europe and North America. For more funds, wait for our later section with new fund announcements. A service for our audience: Learn more and send in pitches here: https://eqtgroup.com/current-portfolio/funds/eqt-ventures-iii Has Rocket Internet Already Seen Its Best Years? "Mucho trouble over at Rocket Internet," wrote Robin Wauters in his readworthy newsletter for Tech.eu. The article asks if their era is over. Staff cuts and investment stop point in that direction. Startup Brand Ranking Jung von Matt publishes their annual GERMAN STARTUP BRAND RANKING Some of the top 50 startup brands are known from our news: About You, Flink, Numa Group, getquin, Vivid, Flaschenpost, Tier Mobility, Zolar, Enpal, Sono Motors, Trade Republic Matter Labs raises 200 mn US$ Matter Labs, the Berlin, Germany-based developer of zkSync, a solution that reduces the cost of Ethereum transactions, raised $200M in Series C funding https://buff.ly/3UorChp Not Oceans Eleven, But Still BIG Berlin-based luxury watch marketplace Watchmaster was one of the largest marketplaces of its kind. After a spectacular robbery where 10 m € worth of watches have been stolen the company has to file for insolvency https://buff.ly/3Fi3qsG Getir Buys Gorillas And It Is Not Going Well For the Gorillas Founder First, this kind of news appeared: Getir will take over Gorillas soon - according to press reports. The negotiations have been dragging on for some time now. Then, we got the confirmation: Getir acquires German competitor Gorillas in $1.2 billion deal - where Gorillas was once valued at 3 bn...
33 minutes | Dec 8, 2022
Meet Filip, One of Germany's Most Successful Early Stage VCs from Cherry Ventures #GSA22
Executive Summary Filip is a founding partner of Cherry Ventures, one of Germany’s most important seed investors. Their portfolio includes unicorns like Flixbus, Auto1 Group, Forto, Infarm, and well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist. Their portfolio also includes our former guests: Qualifyze, Sanity Group, and Rows. Filip has a background as an entrepreneur himself, so he and Cherry approach startup investing differently. Tune in to learn more about him and the VC. “We have software helping us to find good startups, for example, if you are head of product at a good startup and change your title to ‘working on something new’ we get notified.” Filip Dames, Founding Partner Cherry Ventures Subscribe Here We are always sharing new resources with you. Find all of our options below. The Authority on German, Swiss and Austrian Startups | Linktree “I really believe an investor should be stage focused” Filip Dames, Founding Partner Cherry Ventures The Founder Filip Dames has had an accomplished career, starting out as an intern in Malaysia with DaimlerChrysler, at BCG, and Sony BMG in New York City. Following his venture into the corporate world, he then founded a collectible marketplace called Tamundo. There he went on to oversee the international expansion of Zalando and become the founder and CEO of Zalando Lounge (Zalando’s shopping club). The venture was a success, helping Zalando to go public in 2014. He decided to leave the company, making his 30th birthday also his Zalando farewell party. From there Filip decided to venture off and focus on venture capital; so it came as no surprise when he started Cherry Ventures in 2013 in Berlin as business angel and startup investor. With tickets of 10.000–50.000€ they are dedicated to helping Germany, Europe, and beyond with investments for entrepreneurs wanting to make their visions reality. “We invest almost exclusively in Europe” Filip Dames, Founding Partner Cherry Ventures Cherry Ventures Cherry Ventures (https://www.cherry.vc/) is an early-stage venture capital fund founded and led by former entrepreneurs. They are focusing on European seed-stage companies in the B2B and B2C space. Cherry invests there at the pre-seed- and seed stage with initial tickets between €500k and €5M. “Founders first and investors second” is the motto of Cherry Ventures They started out with their first fund with their own money and the money of close friends, much less than 10 m €. From there they build a portfolio of 30 companies, of which some did really well. This in turn enabled them to raise an institutional fund, worth 150 m Euros. In the second fund, successful entrepreneurs from the first fund invested like the founder of Amorelie or the founders of Flixbus. Their portfolio is already pretty impressive and includes names our frequent followers will recognize, unicorns like Flixbus, Auto1 Group, Forto, Infarm. But they are also investors in well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist. Their portfolio also includes former guests, Qualifyze, Sanity Group, and Rows, for which you can find the interview link in the show notes.Further Readings / Additional ResourcesQualifyze (audio only) https://player.captivate.fm/episode/220f49cc-2ef1-471a-bd5b-504d9235e892Sanity Group
25 minutes | Nov 24, 2022
This Month in German, Swiss, and Austrian (GSA) Startups - November 2022 Wrap-Up
Our Highlights: FTX may be history, BUT a German Blog reports there are several parties interested in buying the European Entity of FTX. FTX also triggered Bitpanda to order a special audit from KPMG. We have some more job cuts, this time the 2nd round. Gorillas may sell itself at 1 bn USD even though they have raised 1.3 bn USD in venture capital already. Air taxis are still hot, Volocopter raises more than 180 m US$ to get closer to certification and Lilium sells 100 Airtaxis to Saudi Arabia. The German VC market is stabilizing, according to KfW Research. Our former guest Creditshelf partners with Goldman Sachs and pockets 100 m Euros. Gitpod, a startup from Kiel convinces the founders of GitHub and Shopify to invest. Let's talk startups:Our Sponsor Startupraven The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/ Find all options to follow us and subscribe here: https://linktr.ee/startupradio Top News FTX may soon be History, BUT A German blog Finance Forward reports there are several parties interested in buying the European Entity of FTX, which is headquartered in Switzerland. Their information has been spot-on in other cases in the past. Job Cuts Keep Coming - 2nd Round Now Proptechs Homeday and McMakler enter the second round of job cuts. Homeday cuts 20 jobs (60 before) and McMakler again 100 employees Gorillas May Sell Itself at a Huge Discount Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion. They have been valued at their series C investment at 2.1 bn US$ and to date they raised more than 1.3 bn US$. Related: Deutsche-Startups uncovered that Gorillas (which is in the process of selling itself) paid 300 m € this year for french competitor Frichti. Lilium Sells 100 Airtaxis Saudi Arabia buys 100 air taxis from Munich -based startup Lilium. The delivery is expected 2025. Before the deal, they also hired former Airbus executive Klaus Roewe. Fingers crossed for them, they did not generate revenue yet, but 841 m Euros in losses so far. Volocopter Raises 182 M US$ Volocopter raises $182M to bring air taxi closer to certification, as part of their Series E funding The company is currently testing its two-seater VoloCity air taxi for the requirements set by the European Union Aviation Safety Agency (EASA). Volocopter is looking to certify its aircraft in H2 2023 and generate revenue with rides in 2024. Creditshelf Partners with Goldman Sachs Our former guest Creditshelf partners with Goldman Sachs and hits profitability - Goldman Sachs is providing the German alternative lender for SMEs with up to €100m of secured funding. Learn more in our interview with Creditshelf here https://buff.ly/3NVANo1 Creditshelf is Germany’s only listed pure-play fintech, offering a credit platform, where investors can grant credit to German small and medium enterprises. Mentioned in this episode: Our Enablers Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Tvarit Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/ Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/ This podcast uses the following third-party services for...
30 minutes | Nov 10, 2022
Meet INZMO one of Europe's Fastest Growing Insurtech Startups
Executive Summary We hear from Meeri, who is the co-founder of INZMO (Insurance on Mobile). She co-founded the Berlin-based insurtech which helps to make simple insurance contracts via an app. The simple approach also made them one of the fastest-growing insurtechs in Europe. In the interview we talk about her journey from a corporate lawyer to an entrepreneur, pivoting and founding INZMO. We also talk about how a simple insurance contract via an app could turn 50 bn € sitting on bank accounts productive again. Tune in to learn more. “Our mantra is that insurance just has to be there, hidden in other products. You only realize it is there when you need it.”Meeri Savolainen, CEO and Co-Founder INZMO Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what’s best for your growing team, so please take a look at these additional ways in which can help! The Authority on German, Swiss and Austrian Startups | Linktree “We want to be one of the service providers, … who help you to have a fun, free and flexible live.”Meeri Savolainen, CEO and Co-Founder INZMO Our Enablers Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Tvarit Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/ Startupraven.com The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here: Startup Raven The Founder Today we’re joined by Meeri, the CEO and co-founder of Berlin-based insurtech startup INZMO. Meeri is a lawyer by training, and she spent several years working in the corporate world before deciding to start her own company. Her co-founders include Risto Klausen a former professional motorcycle road racer and multiple Estonian and Baltic Champion in the Superbike class, which helped inspire the company’s focus on insurance for bikes. They pivoted from only bikes to providing more offers via the app. Since its launch in 2019, INZMO has become one of the leading apps for mobile insurance in Europe, and Meeri has been named one of the top 10 women to watch in insurtech in 2022. We’re excited to hear more about her story and her company’s success. Thanks for joining us, Meeri! The Startup INZMO was born out of the idea to quickly insure a bike via an app (Bike ID). During product presentations of Bike ID the team got feedback, on why they only offer insurance for a bike via their app. This was the moment INZMO was born. The team relocated to Berlin from Estonia. The company is by now one of the fastest-growing insurtechs in Europe, with a female founder. This makes INZMO the first insurtech company in Europe that offers property insurance for e-scooters and regular bicycles through an app. The whole insurance process takes just a few minutes and is completed entirely online — from signing the contract to making a claim. Currently available in Germany, and several other European countries with plans to expand further. And with over 30,000 users already on board, it looks like INZMO is well on its way to becoming the go-to insurance provider for two-wheeled commuters across Europe. They currently offer property insurance including to replace of a rental...
24 minutes | Oct 26, 2022
This Month in German, Swiss, and Austrian (GSA) Startups - October 2022 Wrap-Up
Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in October 2022 by Startuprad.io with Chris from Essen, Germany, and Joe from Frankfurt. We recorded this news episode on Thursday, October 20th, 2022. Our Highlights: Another one of our former guests gets a Snoop Dog investment. Quick delivery startup Gorillas seems to sell itself to competitor Getir, according to Bloomberg, despite an earlier announcement they are looking for more investments. Gadget rental service Grover adds 270 m € in venture debt, getting it close to 2 billion €. Our former guest Nuri (formerly Bitwala) had to file for insolvency, now investors jump ship and the company is wound down this year. Volocopter is sued by early crowdfunding backers, Home24 has a takeover offer from a brick-and-mortar furniture retailer and BioNTech takes on cancer. Also, Munich-based travel tech Holidu raises 100 m € in a combination of 75 m equity and 25 m debt funding. Let’s talk startups: Our Enablers Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Tvarit Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/ Invest-in-Hessen This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: Tech Startups Germany - Startups and Venture Capital Startupraven.com The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here: Startup Raven Top News Europe’s Largest Cannabis Funding To Date Europe’s largest cannabis funding to date: Snoop Dogg-backed German cannabis startup gets $37.6M Series B led by British American Tobacco learn more about the Entrepreneur of the Year 2021 (German Startup Awards) founder Finn Age Hänsel in our interview Gorillas May Soon Be Bought By Getir Delivery Startup Getir in Advanced Talks to Buy Gorillas (Bloomberg). They write: “Proposed deal for Gorillas would be a mix of cash and equity The combination would give Getir, which is backed by Mubadala Investment Co. and Sequoia Capital, scale in key European markets including the UK and Germany. Gorillas had previously held talks with a number of competitors about the prospects for a merger or sale of its business, people familiar with the matter said previously. Chief Executive Officer Kagan Sumer said earlier this year that he planned to look for new financing to recalibrate the company to work toward profitability.” Grover Takes Home 270 m € As consumer spending tightens, yet appetites for tech remain the same, Berlin-based Grover sees an uptick in rental interest and is now bringing its debt funding to close to €2 billion to meet demand. Grover takes on more debt funding, this time €270 million from London-based M&G Our Former Guest Nuri (Bitwala) Will be wound down. Despite seeing interest from investors, they could not get one to sign up. So the company will be shut down until the end of the year. The last day one can use a Nuri account is in mid-December. Neobank Vivid makes...
30 minutes | Oct 6, 2022
Meet Monite - They Make the Life of CFOs Easier
Executive Summary Monite is a Berlin-based embedded finance startup, which is already active in the US, UK, and major European economies, despite being at Seed Stage. With their API partners like B2B neobanks, SaaS companies & marketplaces can embed Invoicing, AP Automation, and more in 3–5 weeks. They are looking for next year for their next funding and start to offer contract management. We really want to make sure, that anyone who wants to offer workflows with financial documents … can integrate it with us. Ivan Maryasin, CEO & Co-Founder Monite Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what’s best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradio The revolution is yet to happen for CFO tools.Ivan Maryasin, CEO & Co-Founder Monite Our Sponsor Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Our Sponsor Startupraven A startup’s journey can be a tough one, but it doesn’t have ́to feel like you’re alone on your quest! Invest in others’ success with us by joining our community of entrepreneurs who are building amazing things every day — no matter how big or small their ideas may seem at first glance. The best way to find investors and cooperation partners for early-stage startups. Sign up here: https://startupraven.com/ Our tool could be build by bigger players in 12–18 months, but we give them an API with which they can start earn revenue in a few weeks.Ivan Maryasin, CEO & Co-Founder Monite The Founder Our guest is today Ivan Maryasin the CEO and Co-Founder of embedded finance startup Monite. He worked in Moskow, Boston, and the Bay Area, and finally ended up in Berlin in the early team of Penta, as head of growth. He left Penta, when he saw the opportunity for embedded finance tools, especially for CFOs, in order to set up Monite. The Startup Monite is an embedded finance startup, that enables non-financial companies to add financial functions without holding a license. The tool of Monite helps startups and SMEs automate some of their finance workflows. They enter the market another way, they are not offering their services to the clients directly, but enable the service providers to offer accounting and financial services, e.g. Qonto, and Penta. They currently offer payables automation and receivables automation. Monite is currently available in the US, UK, and major countries of the EU. In 2023 they will focus on contract management, to integrate in their functions. Find all the Links and Show Notes here: https://medium.com/@startuprad_io/meet-monite-they-make-the-life-of-cfos-easier-startuprad-io-257afdc8be79 Topics discussed in this interview: finance, treasury, embedded finance, treasury function, financial management, startup financial management, integration, saas, api, accounts payables, usa, uk, eu, germany, france, venture capital, hiring, open positions This podcast uses the following third-party services for analysis: Podder - https://www.podderapp.com/privacy-policy Chartable - https://chartable.com/privacy