Tech Startups Germany - Startups and Venture Capital

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...

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...

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...

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.

Our 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...

UniApp is an ed-tech startup from Germany, that helps international students to prepare for their study abroad and helps in the application process, both on their platform. They help students to find the right place to study for undergraduate and graduate programs, as well as online-only programs. Their portfolio includes now universities and colleges in 27 countries, including the United States, United Kingdom, Germany, France, Spain, Switzerland, Singapore, and Canada...

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...

Welcome to the second Episode, brought to you from the European Angel Investment Summit 2022. 

The European Business Angel Network (EBAN) is an organization that brings together business angels from all over Europe. The aim of the organization is to provide a forum for business angels to share best practices and learn from each other. EBAN also offers training for new business angels who want to get involved in startup investing...