This Month in German, Swiss, and Austrian (GSA) Startups — February 2023
02/23/23 • 22 min
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 Enablers This 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:
Find Us on Newsly
Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
Top News
Neobrokers 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.deWe 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 HubYou 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 use to drive this initiative is operational: biomindz | Newly established company to promote Mainz as hub for life science and biotechnology now operational and supporting the city of Mainz.
Here is the interview with the person in charge of the BioTech Hub:
The City of Mainz Just Started on Its Way to Becoming a World-Class BioTech Hub
N26 Bux(ed) Out?According to a press repo...
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 Enablers This 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:
Find Us on Newsly
Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
Top News
Neobrokers 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.deWe 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 HubYou 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 use to drive this initiative is operational: biomindz | Newly established company to promote Mainz as hub for life science and biotechnology now operational and supporting the city of Mainz.
Here is the interview with the person in charge of the BioTech Hub:
The City of Mainz Just Started on Its Way to Becoming a World-Class BioTech Hub
N26 Bux(ed) Out?According to a press repo...
Previous Episode
Reverse.Supply Offers Fashion Brands Second-Hand-Shops-as-a-Service
Executive Summary
Reverse.supply is a startup that offers second-hand shops for fashing brands, not only the technical shop but also the logistics behind it. We interview one of the three co-founders Konrad, the CTO, who has extensive experience from ImmobilienScout24, insurtech FRI:DAY, and Solarisbank. Reverse.supply is already working with companies like Globe Trotter, Armed Angels, and Bergzeit. Starting in 2024 there will be a legal requirement to take the clothing back, this is a massive opportunity for reverse.supply.
Right now are could sell more 2nd hand clothes, than we get. There is a big demand there.Konrad Hosemann, CTO & Co-Founder reverse.supplyThe Founder
Today we’re thrilled to have Konrad as our guest. He’s the co-founder and CTO of the recommerce startup reverse.supply, a company he formed to help bridge the gap between buyers and sellers of clothing, on behalf of brands. Previously, Konrad was Lead Developer at ImmobilienScout24, Head of Engineering at insurtech FRI:DAY, and Principal Developer at Solarisbank; his career is marked by long-standing success in the engineering sector. We can’t wait to discuss what Konrad has achieved thus far as the founder of reverse.supply!
The Startup
Reverse.supply (https://www.reverse.supply/) is not only a SaaS startup. The company runs a large logistic center in Berlin, where they accept delivery of clothing for their clients. There they grade the received items. They add it to the online shop of the fashion brand and store the 2nd hand items to be sold yet again. They do this for several companies. Their disclosed clients include Globetrotter, Armed Angels, Bergzeit, and many more.
Currently, many processes are manual and the startup is working on the automation and scalability of these processes.
Reverse.supply is the winner of the German EcoDesign Award category “Service”.
Venture Capital Funding
The company is open to talking to new investors. They are looking to further scale their operations, having already raised a business angel round, pre-seed funding, and seed funding. The investors include Capnamic, Dutch Founders Fund, and several business angels. Reach out to learn more.
They Are Hiring!
You can find the link to their careers page on our medium blog.
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All Links and Show Notes
Here is our blog post: https://medium.com/startuprad-io/reverse-supply-offers-fashion-brands-second-hand-shops-as-a-service-892d84ba1ecb
Topics Discussed in this Interview
In this interview, we are talking about
#Innovation #startup #startups #startupradio #entrepreneurship #entrepreneur #business #motivation #success #entrepreneurship #mindset #goals #entrepreneurlife #lifestyle #businessowner #believe #positivevibes #branding #innovation #techstartups #secondhand #asaservice #startup #berlin #coder #cto #cofounder #circulareconomy #2ndhand #2ndhandclothing #fashion #clothes #logistics
Mentioned in this episode:
Startupraven.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 analysis:
Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy
Next Episode
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.
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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 in our show notes on our medium blog.
Hiring!
You can learn more about the investor, that is still hiring (link on our blog).
Find all links, show notes, and the email to pitch them on our medium blog here: https://medium.com/@startuprad_io/meet-one-of-the-investors-investing-300-m-for-europes-green-deal-to-become-reality-b6b0fa27a01
Topics Discussed in this Interview
#innovation #startup #startups #startupradio #entrepreneurship #entrepreneurship #business #motivation #success #entrepreneurship #businessowner #believe #positivevibes #innovation #techstartups #germany #startupinvesting #startupnews #startupcompany #greenstartups #venturecapital #investor #bioeconomy #bio #economy #startupinvestor
Mentioned in this episode:
Startupraven.com
Startupraven.com ...
Deep Tech Germany - Startups and Venture Capital - This Month in German, Swiss, and Austrian (GSA) Startups — February 2023
Transcript
[0:00] Startup read that I owe you were podcast and YouTube blog coverage.
[0:13] Music.
[0:19] Welcome to this month in German Swiss and Austrian startups we are wrapping up the news for February 2023 Welcome to our February 20 23 News wrap up with most important news from startup scenes in Germany Austria and Switzerland in 30 minutes or less we follow a top-down structure in the news first the top news then we take a bird's-eye view at the ecosystem in the German language coun
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