Germany has a long and rich history when it comes to entrepreneurship. In TechStartups Germany, we interview local companies that are looking for global expansion opportunities or investors seeking out fresh investment prospects at home or abroad. We cover startups from Hessen including Frankfurt, Darmstadt, and other tech startup hubs in the state, as well as the deep tech and venture capital ecosystem. Our goal is to provide an insightful look into the Hessian startup scene for entrepreneurs, investors, and anyone else interested in learning more about what's happening in this incredible state. This podcast is part of Startuprad.io, a global top 20 entrepreneurship podcast on Apple Podcasts and a global Top 125 Tech Podcast according to Chartable. All the recordings on this channel are made possible by Hessen Trade and Invest (learn more here https://www.invest-in-hessen.com/home). Learn more about us at https://startuprad.io/ | Startuprad.io™ - All rights r eservedThis podcast uses the following third-party services for analysis: Podder - https://www.podderapp.com/privacy-policyChartable - https://chartable.com/privacy
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episode 90: 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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This podcast uses the following third-party services for analysis:
Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy