Germany has a rich history when it comes to entrepreneurship. From Konrad Zuse, Carl Benz, and Ferdinand Porsche to Werner von Siemens, there is no shortage of success stories that can be told about German-based companies looking for global expansion opportunities abroad or investors seeking out fresh investment prospects at home/abroad. We continue this with Startuprad.io keeping you up to date with the latest on the German-speaking startup scene in Germany (Europe’s largest economy), Switzerland, and Austria, collectively known as the GSA or DACH region. We are an English-only startup podcast with exclusive startup content, including regular news, and interviews. We are the international voice of the German-speaking startup scene. We focus on interviews with startups mostly around their Series B funding or even scale-ups from GSA. Once a month, we also bring you an exclusive startup news wrap-up. We are socred in the global Top 60 Science, Top 75 Tech, Top 275 Business Podcast (Chartable), Global Top 0.5% Podcast (Listen Notes), and global Top 20 Entrepreneurship Podcast on Apple Podcast across all countries (Podder). Subscribe here: https://startupradio.substack.com/ Startuprad...
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This Month in German, Swiss, and Austrian (GSA) Startups - March 2024
Welcome to our March 2024 wrap-up with vital news from the startup and tech entrepreneurship scenes in Germany, Austria, and Switzerland in 30 minutes or less ????.
Our startup news is recorded with Chris in New York City and Joe in Frankfurt. Recording date is March 25th 2024 and all news not included will be in our next news to be released on April 25th 2024.
Happy Easter!Today we publish on Holy Thursday (Gründonnerstag) in Germany. Note that the Friday before and Monday after Easter are public holidays. Many people will take off around the holidays. So don’t expect your calls to be returned promptly during this time.
A Seismic Shift in the Regional Startup SceneYou are witnessing a seismic shift in the GSA startup scene with us here and today. The headlines of our startup news used to be dominated by fintech funding. Now we have more than 7 billion € investments in green startups (battery, renewable energy) vs. “only” around 150 million in fintech funding in different forms. This is surely a foretaste of what’s to come.
Our Highlights:The European energy landscape is witnessing significant developments with key investments across sectors.
Northvolt’s Gigafactory in Northern Germany, backed by €900 million in subsidies and a €4.5 billion investment, aims to produce 1 million car batteries annually, driving electric vehicle adoption and job creation.
Enpal secured €1.1 billion in refinancing commitments, while Sunfire raised over €500 million, bolstering Europe’s green hydrogen economy.
ENVIRIA secured $200 million in capital from BlackRock, signaling confidence in the solar sector.
Solaris Bank secured €96 million in funding but faced a €6.5 million fine from BaFin, reflecting fintech regulatory challenges.
Magic gained traction with open AI’s and Tesla’s former Andrej Karpathy as investor, and Bitpanda established a €50 million VC fund for blockchain startups. However, the startup community grapples with stress, with nearly half considering quitting, underscoring the toll of rapid innovation.
Let’s talk startups: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-march-2024-a49996ca44f9
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The HostsThe news are co-hosted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. And Christian “Chris' ' Fahrenbach, co-founder Startuprad.io, freelance reporter, lecturer, author and blogger . Reach out to them:
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