This Month in GSA Startups - March 2022

ABOUT THIS EPISODE

Welcome to This Month in German, Swiss and Austrian (GSA) Startups in March 2022 by Startuprad.io — in a news recording with Chris — not from New York City today and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio and our partner IBGR.Network.

We recorded this new episode on Monday, March 21st, 2022. The recording is one week earlier than usual, due to the travel schedules of Chris and me.

As always: All news not yet included here will be published in our next news episode.

Our Enablers

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: https://techstartups.sounder.fm/

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/

Our highlights:

We have the 100 most influential women in startup and venture capital in Europe. There are two new unicorns to announce in GSA. Unicorn Personio set up a charity fund and Germany’s largest fintech exit (at approx 1 bn US$) is in the making. We have an exclusive interview with the CEO in charge for almost 40 minutes from July 2021. We try to touch on the Russian invasion in Ukraine as lightly as possible, only when it impacts the GSA startup scene since you get more than enough news about this tragedy on ANY OTHER outlet. Please note that this does not mean we don’t care, but it is not our area of coverage. We are also talking about delivery startups and again Wirecard. Not surprisingly, Wirecard will keep the German courts busy for years to come.

Let’s talk startups: 

Find all links and show notes here: https://medium.com/startuprad-io 

Welcome to start up brand that I own, your podcast and Youtube blog covering the German startup scene with News, interviews and live emits. Hello and welcome everybody. This is Joe from start up Raddo, your start up podcast, and you to block from Germany, bringing you again this month in GSA startups. March two thousand and twenty two. Again, mccris, but this time not from New York. No high from my side. Actually, I'm in my old hometown and Hassan, provincial Germany, same state as you are, but the other end of it, and actually the nather the town translates to Joketown, its inhous. This is awesome. Christ from joke town, so I forgive. Forgive you today's Bagel. Okay, yea. And our recording today is sponsored by invest in Hassan and start up ravencom. It is in radio syndication with all on station start up dot radio and our partner station ibgr dot network. Surprisingly, we call that this news episode on March Twenty One, two thousand and twenty two. The recording is one week earlier than usual due to the travel schedules of Chris and me and, as always, all news not included here will be published in our next news episode. Our highlights, we have the one hundred most influential women in start up and benture capital in Europe. There are two new UNICORNS to announce in GSA, the Unicorn person you set up a charity fund, and Germany Lodge. It's Vintech exit and approximately one billion US dollar is in the making. We have an exclusive interview with the CEO and charge spanning almost fourty minutes from July two thousand and twenty one. The company is called ID now, and we try to touch on the Russian invasion in Ukraine as lightly as possible, only when it impacts the JSA startup scene, since you get more than enough news about this strategy on any other outlet. Please note that this does not mean we don't care, but it's just not our area of coverage. We are also talking about delivery startups. And again, why are card? Not Surprisingly, why a card will keep the German courts busy for years to come. Talking a little bit about our and able to see him. This show was made possible by invest in Hassan via trade and invest. You can learn more about them at...

...invest minus in Hessancom and we also run a dedicated sub podcast with all interviews and news incorporation with them. You can find it at TECH STARTUPS DOT SOUNDER DOT FM, as well as our project, start up Raven. It is the best way to identify investors and corporation partners for early stage startups. SIGN UP FOR EARLY ACCESS AT START UP RAVENCOM and be one of the first four thousand, because we already have more than three and a half thousand sign ups here. Chris, you're my man for the top news right. Yeah, so let's kick it off, and this time around it's actually with a look at women in the European startup scene. We found an article listing the top one hundred most influential women in the startup and venture capital space on the website EU startups. The link is in our show notes. But we also found that a couple of German women, or at German language country women, are mentioned. We have, for example, a Dina Bassi from clider Lee. We have either tin, the cofounder and chairwoman of the Board of clue, a female health APP then we have Marie healing arms, try to Departner at speed, Invest Maria Penan and Co founder of accelerator, Frankfort and William boy fire, founder of rate pay and banks. Where we have two new UNICORNS, one of them pretty exciting or interesting, I think, because we so often spoke about them already, which is volocopter. involks are close to cards wood in southwestern Germany, and volocopter is applying taxi startup and we talked about it being probably be a bit on like the I don't know, like in recent years the flying taxi phenomenon went a bit into the background of the news, I think. I mean obviously also because of the pandemic, because the pandemic took away so much are of everything else. But apparently volocopter is still doing great, even though there are a lot of, probably climate change worries about their business model. But volocopter picked up another two hundred forty one million dollars and they're also say now that the service is now two years out and with this trendi position, they also become a unicorn. So it's interesting that there's still so much movement in that market. I think we have staff base company coming out of cheminets in what in the eastern part of Germany. The private Equity Investors General Atlantic and inside partners invest a hundred and six million euro in them, and now the company is also valued with more than one billion US dollars. So it's also now considered a unicorn. And Yeah, we...

...can also only congratulate there. And Yeah, well, okay, just to explain what's death based does, they basically are a platform that allow you to create apps for your employees, for example for messaging or for instructional videos for within the company. We have also news about a German Tech Unicorn, cord personio. PERSONIA DOES HR software for smaller companies, and they now decided to join the company companies like Canva, that pledged to donate one of one percent of their money to charity, meaning in their case, that they now created a charity fund that is already worth sixty six million dollars. The initial money in the fund when to charities tackling climate change and education inequality. So, person you really trying to give back their back to you. The second half of the top news Germany's largest vintach exit is in the making. Id now is nonline identification start up. Looking at Germany's lodge svintaic exit, at the valuation of one building US dollar. Start up radio published an exclusive interview of ID now in July two thousand and Twenty One, with Andrey Sport Sec, the CEO. We talked to him exclusively for almost forty minutes. You could, of course, final link down here in the show notes, and the news was broke by finance forward, a German VINTECH block. They are talking about ID now having hired government sex to sell the company. As we said, Russian occur in conflict. Just touching base here where it touches us. You get more than enough news of this tragedy. So we will only cover the news related to startups in DSA or Europe. Supporting Okra in the response of the urn start European startups and how to help. You can find a link here and as well. In Ukraine continues. European fix VC's examined their Russian tie, so meaning they are looking who of my LP's is actually from Russia, who falls under the embargos, or something like that. The delivery Unicorn Gorillas. We talked about them for quite often and quite frequently in our startup news. They are planning to raise another seven hundred million years dollars in additional fine funding. Staying with delivery. Delivery hero left the German market again. We talked about it. So Vold and Liverundo split the market amongst them. Now who will eats? Plants a strong expansion. We see lower prices...

...for consumers in the near future. Right. Why a card? One hundred lawsuits have already been filed against German Finance Supervisor Baffin in the wire card case. According to the District Court Frankfurt. Five hundred additional are already announced. I can see there will be some wirecard specialist at the end of that. Also, the wire card boss Prown is indicted for balance sheet manipulation by German Finance Oversight Baffin, looking at up to ten years in prison. It is fair to assume it will not be the last case brought against him, either by Baffin or other parties. Talk a little bit about new brokers here in JSA. Now there's at least the hint of a schedule for and twenty six, much anticipated I ipo the end twenty six. Cofounder said we will be ready for an IPO at the end of two thousand and twenty two. Bit Panda in Vienna, Austria. They get get it institute license, meaning they can make electronic transfers and can provide payment services. With this license, they can offer more investments, including corporation with bank for depicit brokerage, and they are also locking out all the Russian banks. This is not surprising, given they are now a license financial service provider and the large sanction list. Christ, you talk about time to Brag, because you brag so awesomely. Yes, definitely. Yeah, just a little side note in terms of our favorite topic, the delivery did delivery startups and the delivery grocery speedy delivery grocery startups. We texted a bit back and forth about the fact that in New York already the first two faltered down, now with Mike and Fridge no more, not operating anymore, which is no surprise because I think in just in my apartment on ninety five and third, so kind of on the in the middle of the upper upper east side the I think I could choose between five or six. So the market is way too saturated. So yeah, we will send again. We will see how it goes. We often spoke about it on the podcast as well. Germany, especially as a market, is incredibly price sensitive when it comes to groceries. So we will see if people are really willing to pay a premium for the delivery and the fast delivery. And also, I think it's so interesting because it's such an the product exists for so long. The only thing you can do now is you can look it up on the Internet, but the fact that you could buy your groceries and someone delivers it to your door a bit later there has been around when I was a child, like my grandmother also got her stuff then delivered by the...

...like local grocery guy. Anyway, easier times. Let's talk about housekeeping and take some time to break because we want to thank Egypt for downloading is us so often that we reach the sixty of place in the countries podcast. Six S country, where we reach pot CAF tropic. Sorry, we reach the forty seven place, but it is the sixty of country to be precise. That's that's more like it. Yes, so much. Fifteen S and sixteen. We reached for number forty seven in the entrepreneurship podcast and number two hundred and nineteen in the business podcast. So a bit room to grow, but we're getting there and are still very happy. So we say thank you and shoo Kroun for the audience, therefore making this possible and being one of the thousands downloading and episodes each week. Very happy to happen. Our blog will move to mediumcom. Background is that we completely change the setup of the website and all our block posts will move. So you then we'll be able to find us at MEDIUMCOM START UP Rate Ioh if you follow us by ours s feed, you can update it to mediumcom feed start up rate. I owe. We will put that out there quite often on social media and we will remind you on our screams as well. For now, just know that we move to MEDIUMCOM and start up rate Io. Coming to meet Fox Suzanne, I founder from Vienna, sells her start up to the French. Send in blue. You can listen to the story and our interview with our colleague Johanna here our she tells us how she set up the company in Vienna as a market place for coaches but soon realized that the company was better in payments and scheduling than at market places, and how she was lured by Tech Stars from Vienna to New York City. So it's quite of a journey there and you can learn more about her in the interview we put into the show notes. Interesting conversation enough with the bragging or the housekeeping ecosystem. So news related to all kinds of let's say, macro structural things going on in Germany, Switzerland and Austria, because they are one of the biggest stories. What the was that there was a shock for the whole German startup in business angel scene. The successful invest support for early businesses, business angel investments was cut by fifty percent without a warning and effective immediately, which has caused an open letter by founders and investors to protest. We have some background information about that in the show notes as well. And the German Minister of Finance, because send dinner, from the Liberal Party, FDP, plans to spend two hundred billion euros,...

...around two hundred and fifteen billion your styllars and climate protection and modernizing energy and industry to make it more climate friendly and digitalize it, digitalize it more, digitize it more, until two thousand and twenty six. Some of it has to be said. Some of it is a bit like he's just put throwing out the numbers a bit and it's not fully clear how much of the money used to be in budgets already, and how much is additional, but still, just the fact that he is emphasizing it shows that Germany is taking climate, the climate crisis, as a serious topic and that the new German government definitely makes it a top priority. Back to you. We often talk about KF w special situation in Germany. They also published the Private Equity Barometer. Venture Capital Barometer for Q for Two thousand and twenty one was just published and the assessment of current business situation rose to all time high. Keep in mind this neither includes the recent development in new greene nor corona, nor the increase in interest rates that are already happening on the horizon. Despite the good news, recent development leave traces in the German startup scene. German business newspaper handles plat is asking here of the Finn Tech Bubble is bursting. There is a trend towards lower valuation for Fintech startups in Germany. Berlin based Penta, maybe the first fundraising start up to feel it. In Two thousand and twenty one, another record was set and the Litux companies CB inside found two hundred twenty one new corporate venture capital funds. I was wondering, is that great use for startups or concerning for vcas the first activities of the you in the new green deal, the EU invests more than one hundred and ten million years to give life to environmental and climate projects. We would keep you updated on investment activities of the many programs on different levels, but we will not cover every single investment here. Interest rates are rising, but ey expect to see more large biot deals in the second half of two thousand and twenty two. Saying that, two thousand and twenty one was already great year, with the number of buyouts rising thirty five percent two three hundred and two. This may include tech companies. Remember team fewer. WHY COMPANIES START BUYING UP media outlets? Companies are realizing that owning their audience and going directly can lower customer acquisition costs and increased cost my lifetime values. Rights, CD inside Europeans FNTAX,...

...fierce last year of founding, shows no sign of slowing. Rights, tech, dot EU and credits wisp strategists says we are witnessing the birth of a new monetary world order, meaning word financial system, and they are talked about the importance of cryptocurrencies hops. As always, there are many deserving startups, cities and entrepreneurs who will never get any English coverage. Would it not be for us? This is why the section exists and, as always, the order of cities and news we is just the order we found them. There's no other other to it. Berlin and Munich leading the charge. Eve startups made a list of the ten fastest growing joint startups to watch in two thousand and twenty two. All of them are either from Berlin or Munich, which speaks well for both hops. For example, Midi Kate from Berlin, high from Berlin, Clemer from Berlin, Marvel fusion from Munich, Quinn from Berlin, gorillas cleaned from Berlin, arrived from Munich, dance from Berlin and Gunsela Games from Berlin. Switching to my home curve, Frankfurt, Here Dodge Bulls, the operator of Frankfurt Stock Exchange, stuck ducks stocks and other indices, finalizes the acquisition of majority stake in Swiss based CRYPTO finance commercial it's ventures is the is. The VC arm, or part of the VC arm, of Germany's second largest listed bank, combats bunk they are closing a three hundred million fund to boost the European fintach and insure tech startups. Intru Tech Unicorn from Frankfurt. Clark has set up a holding structure as a European entity se which can be taken as a step to preparing for an IPO. Our own article in the news we talked about the acquisition of intronough by Nestack, listed in Pixeon. Now the price tag of their two thousand and twenty one. Now the price teck was disclosed in the two thousand and twenty one annual SEC filing. In tronough was a quiet for exactly one million euros and also my birthplace. MIND BI ON TECH STARTS NEW CENTER FOR CANCER IMMUNE therapy in mind and Chris, you have some even less often spoken about places here in the news right. Yeah, exactly. Looking at the list of cities, this is really quite creative. We started Makteborg, which is in former eastern Germany, and it's interesting because it actually is quite a successful industrial cluster. Therefore, the chip industry, which is also fitting because until said that they will build a ship factory in Markte work and moving on to l and now in their...

...filots, that is going from the deep East Germany to deep western Germany, in the center, center west of Germany, lovely city with the within the region of the files of the so called southern wine route. Not even Fiftyzero people lived there, but we are happy to have some start up news for the first time. or about them here flooring and buying discouses. An investment disclosed, an investment of unknown amount in he be droup drop, yester be drop. Yeah, I was going to read like bedrop, but no, it's be drop. Started producing honey which is supposed to strengthen the immune system. Whose I actually have to smill when you go through the hubs because you're thinking like in pictures. And I just realizing all the people listening to us in the year in New York or or took you subway and I think, what is he talking about? Left, right, west, east. Yeah, I feel like a geography teacher that I could have never been, but I'm channing channeling it in these like five minutes, ever, and then your geography teacher go at yes, so we travel from center west to southwest of Germany to stood guard, very often known for the car industry because it's the comety, the city of Porsche and Mercedes and, for example, Bosh, the car supplier. But now there's news about becks, start up for the last mile delivery for the conser suction industry. They raise five point six million euro and in girl it's probably Germany's next big start up hub. Who knows, but we can ask cut a ball on gun from sifted, who answered a couple of questions about this in tubing in again, close to stood guard, jumping wildly back and forth. Here we've got a Q wack quite a lot here. And cure back is the well, it's a it's a biotech startup that had a high hopes for corporate covid vaccine, which didn't really come into fruition. So most of the time it has been bad news for the company. So we feel obliged to also share some good news from them, because they established an our, an a printer specific company, as light as at the end of the tunnel nears. So probably they will be able to turn around. There's company story of the past couple of months. In Cologne we see the German vc from Kaptainnnic, which close a hundred and ninety million euro fund to fuel startups in German speaking countries and in unique we have the Munich base to Trde, which picked up seven million for its used vehicle platform. I'm wondering how you supposed to spell their name. To Trade? Maybe, yeah, to trade, but without an a. So it's spelled to the number two and then t rd. we have got and sex asset management...

...and existing investors, hpo growth, HPE growth and SINCO capital, who invest seventy million US dollars in venture capital in the Munich based introtech sempos with an x in the beginning, formerly known as Xba v, bringing the total for the life insurance and pension software, the service solution, to a hundred and try and twenty five million US dollars. Today, you're not very lucky with all this startup names, right. Oh, I know, and I mean I missed those times where they just got rid of the vowels. Now they get rid of everything that. Now if they get rid of sense, apparently, so zap. Lookin in Germany's smallest stage, which is not a city. The zland is the home of the five million euro seat. Sorry, is the home of the startup, native dot ai, but native Anatif, who which got a five million euro seat investment, and one of the quotes there is it's superior technology based on artificial intelligence automates document based processes, free emplies from paperwork. That's from htgf. And, as always, we also love to look at the other German language countries. This time around it's a rather small look, or rather fast look. In Austria, V we see that the VNA base startup Ur Chon picked up six fun five million euro to turn co two into food carbon dioxide. So let's do that. And in Switzerland we see neo medical, a magic tech company based in Lausanne and Switzerland, raised twenty point six million dollars and funding. And after all these news about the ecosystem, we will go to industries and General News, Tech News, the company section. We start with Finntax, which is your area of expertise, Ris. I have a suggestion. How about next time, before we start recording the news, you sought the hubs in geographical order so that we go from north to south, from east to west, or so. I will come up with scenic routes all the time and we'll tell you the most fun fact about all this. Yes, we call it scenic routes. That's awesome. Talking about contakes here in the General News. Dodge bankers are popular with fintext well, at least they employees. For my dodger bankers are working with raising ds soon. The head of raising raising bank, CEO of the Laris Banks, H Trade Republic and in twenty six head of public affairs or Penter's head of growth have all been with dodger before. The mercher bees doing depicit broker raisin and depicit solutions to raise in the S is Germany's largest...

...fintech merger to date. Now the two thousand and twenty numbers of the S, meaning depisite bluge solutions, revealed they had to fight with declining revenues and losing bank partners, so it was likely not a merger of equals. Berlin based Finntag moonfare raised one hundred and twenty five millions in US dollar from tiger global in November. Now more data is available, some we want to share with you here. For example, the CEO is the former CEO of KKR Germany. He wants to enter the US market with the funding and with it some math here. On average to current customer invest six hundred and Eightyzero roers each. Berlin based Unicorn Sou Lars Bank, highest first female executives, chief growth officer, the French lady named Klue my in, not my no, be my en up. Yes, has been working. Hoping that we hoping that we haven't forgotten any of the accents. But yeah, Clim enough. Yeah, told, totally fine. If a bacher that, don't worry, I give you an interviewed. Everything's fine. You can correct it and we talked about what you do in the past. He has been working for natixis payments before, part of the Investment Bank, not tixis speed invest that we see invest together with hy combinator, in business angels like Bit Pandas Ceo, Eric d moot, in French finntech finery, which will launch also soon in Germany modify races. One hundred fully five million years dollars in that financing. Flixpos flink and rantastic, founders back the Berlin start up with three point five middling years to put an end to inefficient ecommerce deliveries. And I'll soon tell you the name, because I totally forgot when I put together the news. Cala exactly, Carla. I'm so sorry, sometimes you have all the important data in there and you forget to start up me, Dang it. But not the next news. Berlin based pay rails raises five point seven million to launch payments and Financial Service SYS operating system. Chris, I think you have a very, very few and selected venture capital and fundraising news. Yeah, super speedy ride. Just mentioning a couple of individual companies having received some money on some investment money in the recent weeks. We, for example, have the burden based Unicorn photo, which raised two hundred and fifty million US dollars and venture capital, pumping their valuation to a staggering two point one billion US dollars. Now investors now include disruptive Softbank Gie Squat notes on unbound and up...

Himla Holding, the French Germans. French German Healthcare Tech Platform Dr Lib, now reached a six point four billion US dollars valuation. Also crazy numbers. Bank captain ventures launched a five thousand and sixty million crypto fund dollars. That is the Berlin based early stage revenge raises sixty million euros for their fund investing in impact startups. So revent just like invent, but with our e in the beginning. If you're interested in the impact startup seen German healthcare start up former skin got thirty million euro boost to make dermatology more accessible. More night is helping. Software as a service businesses and new banks built new products with five million US dollars they receive themselves in Staf freight raises, forty million US dollars and venture capital. In our show notes here it says forty dollars in venture capital. I really hope they got forty million and venture capital, not just forty dollars. Investors include the P Fund, Heliad and the European Investment Bank, as well as existing investors. Back to you. All those people would doing all that stuff with just forty you as dollars. I'm here. It would also make the news here. Any other news. Hello, fresh sea, slowing growth and share price takes a dive. Ford Sells Electric Scooter Unit to Spin Unit, spin to Berlin's Tier. Tiger global is also in Germany and an important investor in the start up scene. So to our attention when CB insides published an article, especially since tiger has closed in q one sixty percent of the number of teams they did in all of two thousand and twenty one, so they're already at sixty percent of the decot. Awesome Egyptian furniture marketplace, home smart, requires German Tech Company. This writes disrupt Africa. Da Vanda, German competitor of Etsy, has already been shut down, but the published data reveals now that etsy still paid thirty five million years dollar for the remainders. Sad news for Etic Callie Charlie. First, they lost in two thousand and nineteen to twenty six year old co founder who passed away following a traffic accident. I totally remember that. We talked about this in the news. Now they have to file for insolvency. That's pretty sad. There's an interesting day idea to travel. Cargo riders is a German startup allowing you to book a trip with a container ship. Also awesome. German grocery...

...giant EVA sells its stake induist, the e first dot e, a beverage delivery service, even though they invested on the two years ago. Guys, if you celebrate it, happy Easter. We will be back with our news rap pop on April Twenty eight and we have some more articles on stay ahead of the curve. Chris, it was a pleasure talking to you and hope to see soon. Sent to you back in New York at the end of April. Looking forward. By bye, bye, bye. That's all. Folks find more news streams, events and interviews at www dot startup. Bread that isle. Remember Sherry is carry.

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