Security Sutra - Cybersecurity Startups and Venture Capital
Jörn "Joe" Menninger
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Mainstage Incubator helps to build World-Changing Startups right in the heart of Europe
Security Sutra - Cybersecurity Startups and Venture Capital
05/06/20 • 34 min
We called our initial offering “Sales as a Service.”
Swen Wegner, CEO and Founder Mainstage Incubator
Mainstage Incubator helps startups to conquer EuropeWhether your startup is from India, Bangladesh, Brazil, the United States, Argentina, Korea, South Africa, or even New Zealand, you can start exploring the German and European Market with the digital program of Mainstage Incubator.
The FounderIn this interview, we are talking to Swen Wegner (https://www.linkedin.com/in/swenwegner/), Founder and CEO of Mainstage Incubator (https://www.mainstage-incubator.com/), which is a relatively new incubator headquartered in Frankfurt, in the heart of Europe. Swen is half Indian, half German, and spent parts of his life in both countries. He spent his time in India for example in Kerala (https://en.wikipedia.org/wiki/Kerala).
The interview was remotely recorded during a time of partial lockdown in Germany, due to Covid19.
In the past, he has worked for large multinational corporations, as well as small startups. He refers to a “founder you may know” to Emboled.io (we interviewed the founder Vishal Ray, at this time they were still called Acellere). You find both interviews, dating back to March 2019 below:
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
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The Incubator As a pilot we positioned some Indian startups to German corporates.
Swen Wegner, CEO and Founder Mainstage Incubator
Mainstage Incubator is a distributed company. They have offices in Frankfurt, Germany, and India. They stared out, presenting Indian startups to German corporate customers. Now they help startups from all over the world to present themselves to German customers, to bridge the cultural gap.
Their goals are
To find clients in Germany, and from here in EuropeThe ultimate goal is to bring international startups physically to Germany, so they can expand all over Europe.Bring startup from Germany to IndiaThe Mainstage Incubator already signed partnership agreements with Argentina, Columbia, Japan Bangladesh, Sri Lanka, Nepal, and now the United States.
Apply here for the Mainstage IncubatorYou can apply to the Mainstage Incubator right here https://bit.ly/ApplyMainstage
The Video Interview is set to go live on May 5th, 19.00 Frankfurt Local time (18.00 London, 1 pm New York, 10 am San Francisco)
We are still experimenting with time zones. Let us know which publication time you like best in the feedback link at the bottom end of this post.
We give the Indian startups hints on how to wrap up a meeting with a German corporate in 30 minutes with a sale.
Swen Wegner, CEO and Founder Mainstage Incubator
Here you find the audio-only podcast of our interview - Subscribe so you won't miss another episodeThe interview will be published across our podcasts during the early morning of May 7th, so you have your episode on your device for your commute or morning coffee the next morning.
You can subscribe to Startuprad.io here:
YouTube http://bit.ly/2LK14oWiTunes http://apple.co/2xsHdaESpotify http://spoti.fi/2DfIt1OThe interview ill be published in our Sub-Podcasts below:
💢 Fintech Germany by Startuprad.ioiTunes: http://apple.co/2lLRlpGSpotify: http://spoti.fi/2m8HWsb💢 Security Sutra by Startuprad.ioiTunes: https://apple.co/2K0qLlHSpotify: https://spoti.fi/33rrlAD💢 Deeptech GermanyiTunes: https://apple.co/2oWO3SlSpotify https://spoti.fi/2qucve8Further ListeningInterviews with Swen's former boss, he refers to Vishal during the interview. At the time of posting this interview, the startup has still been called Acellere, now it is known as embold.io
Part 1
https://open.spotify.com/episode/1zRYH6BiIpt11q1VMmZijc
Part 2https://open.spotify.com/epis...
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This Months in German Startups - November 2019
Security Sutra - Cybersecurity Startups and Venture Capital
12/04/19 • 22 min
Find all the links we are talking about, as well as the show notes on our website https://www.startuprad.io/blog/this-month-in-german-startups-november-2019/
If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.
EnablerThis recording was made possible by Invest in Hessen. Learn more about our enabler here: https://www.invest-in-hessen.com/home
Affiliated Links
Our Affiliate PartnerCo-WorkingWeWorkMarketing / SEO / Graphics / Sounds and moreFiverrEmail service?G-SuiteLooking for a bank account for your startup? Have a look at our partner PentaPenta Bank AccountAudible subscription: You can listen to Venture Capital books or entertainment on your way to work with an audible subscriptionhttps://amzn.to/2pGzsehLearn more about our Affiliated Marketing here: https://www.startuprad.io/blog/affiliate-marketing-at-startuprad-io/
Housekeeping - Time to brag We set up sub-podcast for special interest and our Fintech Germany made it up to No 72 in the iTunes Business Charts of Qatar. Thank you!
Now there is
💢 Fintech Germany by Startuprad.io iTunes: http://apple.co/2lLRlpG Spotify: http://spoti.fi/2m8HWsb💢 Security Sutra by Startuprad.ioiTunes: https://apple.co/2K0qLlHSpotify: https://spoti.fi/33rrlAD💢 Deeptech GermanyiTunes: https://apple.co/2oWO3Sl Spotify https://spoti.fi/2qucve8💢 Blockchain GermanyiTunes: https://apple.co/2O2jwLxSpotify https://spoti.fi/2qucve8Find all the links we are talking about, as well as the show notes on our website https://www.startuprad.io/blog/this-month-in-german-startups-november-2019/
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This Month in German, Swiss, and Austrian (GSA) Startups - December 2022
Security Sutra - Cybersecurity Startups and Venture Capital
12/22/22 • 26 min
Welcome to This Month in German, Swiss, and Austrian (GSA) Startups, our startup news wrap-up for December 2022 by Startuprad.io with Chris from New York City and Joe from Frankfurt. We recorded this news episode on December 19th, 2022. Keep in mind, this news episode covers everything since our last news episode.
As always: All news not yet included here will be published in our next news episode, which will be January 2023, the first news for 2023. Guys, another year is over! Find all links to the quoted news on our Medium blog, link below
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. One blog asks if the time of Rocket Internet is over, Matter Labs raises 200 mn, a big heist drives a startup into insolvency and Getir buys Gorillas for 1,2 bn US$, a far cry from Gorillas' former 3 bn US$ valuation.
Let's talk startups:
Top News
Enpal Fundraising
Enpal could double its valuation in the new funding round. Berlin-based unicorn Enpal closes €855 million in debt funding to accelerate the adoption of solar energy.
Sennder Raises New Funds At Double Valuation
Digital forwarder unicorn Sennder is raising new money, at a 2 bn US$ valuation. According to the report, they already have 60m commitments.
Fundraising For VCs Went Quite Well - More Than 3.1 bn Euros Worth of New Investment Funds Have Been Closed
The largest is EQT Ventures. It has Money if your startup needs it: EQT Ventures III closes Europe's largest venture capital fund committed to early-stage tech startups. The money will go to early-stage startups in Europe and North America. For more funds, wait for our later section with new fund announcements.
A service for our audience: Learn more and send in pitches here: https://eqtgroup.com/current-portfolio/funds/eqt-ventures-iii
Has Rocket Internet Already Seen Its Best Years?
"Mucho trouble over at Rocket Internet," wrote Robin Wauters in his readworthy newsletter for Tech.eu. The article asks if their era is over. Staff cuts and investment stop point in that direction.
Startup Brand Ranking
Jung von Matt publishes their annual GERMAN STARTUP BRAND RANKING
Some of the top 50 startup brands are known from our news: About You, Flink, Numa Group, getquin, Vivid, Flaschenpost, Tier Mobility, Zolar, Enpal, Sono Motors, Trade Republic
Matter Labs raises 200 mn US$
Matter Labs, the Berlin, Germany-based developer of zkSync, a solution that reduces the cost of Ethereum transactions, raised $200M in Series C funding https://buff.ly/3UorChp
Not Oceans Eleven, But Still BIG
Berlin-based luxury watch marketplace Watchmaster was one of the largest marketplaces of its kind. After a spectacular robbery where 10 m € worth of watches have been stolen the company has to file for insolvency https://buff.ly/3Fi3qsG
Getir Buys Gorillas And It Is Not Going Well For the Gorillas Founder
First, this kind of news appeared: Getir will take over Gorillas soon - according to press reports. The negotiations have been dragging on for some time now.
Then, we got the confirmation: Getir acquires German competitor Gorillas in $1.2 billion deal - where Gorillas was once valued at 3 bn US$
Housekeeping & Time to Brag
We will be back in the new year 2023 with the first new episode towards the end of January, as far as we can tell right now. Our schedule got a bit screwed up. Sorry!
Joe got featured on TopTierStartups.com: Want To Know About German-Language Startups? Joe Menninger Is Your Guy | https://buff.ly/3gJtbZB
Oh, one more thing: We got our wrap-up from Spotify and it turns out that we are in the global top 5% of most shared podcasts on Spotify. Thank you audience!
News Links and Show Notes on our Medium Blog:
Mentioned in this episode:
Startupraven.com
The best way to identify investors and cooperation partners for early-stage ...
Startup News Roundup: December 2024 Highlights & Key Insights
Security Sutra - Cybersecurity Startups and Venture Capital
12/19/24 • 48 min
Welcome to Startup News Roundup: December 2024 Highlights & Key Insights, where we dive deep into the vibrant world of startups across Germany, Austria, and Switzerland. This episode delivers a comprehensive look at the latest developments, highlighting the most impactful stories, trends, and investments shaping the startup landscape.
What’s Inside?
- Top News Stories:
- Black Forest Lab's Billion-Dollar Valuation: Discover how this Karlsruhe-based AI innovator is revolutionizing the global tech scene.
- Upvest’s €100 Million Investment Round: Learn why this fintech powerhouse is Germany's largest funding success story in 2024.
- Wefox's Resilience: Insights into the Berlin-based insurtech’s survival strategy amid challenging market conditions.
- Emerging Trends:
- The rise of green tech startups with groundbreaking solutions like carbon-to-bioplastics conversion.
- The continued growth of AI-driven enterprises and their pivotal role in transforming Europe’s economic landscape.
- Pan-European startup initiatives fostering cross-border innovation and regulatory harmonization.
- Funding and Investments:
- A total of €2.5 billion in new funding raised across the region this month, including major contributions from Northvolt and focused energy startups.
- New VC funds worth over €1 billion, setting the stage for continued innovation in 2025.
- Regional Spotlights:
- Germany: Success stories from Berlin, Munich, and Frankfurt startups paving the way for the next unicorns.
- Austria: Rising stars like Wood_Space securing 8-figure investments for sustainable building solutions.
- Switzerland: Groundbreaking biotech partnerships, including a $300 million agreement by Cimeio.
Exclusive Insights:
Hear from Jörn “Joe” Menninger and Christian “Chris” Fahrenbach as they analyze the biggest stories and provide expert commentary on what these developments mean for entrepreneurs, investors, and the broader startup ecosystem.
Resources:
Call to Action:
Stay ahead of the curve by subscribing to Startup News Roundup on Spotify and your favorite podcast platforms. Don’t forget to leave a review and share your thoughts on social media to join the conversation!
Interested in Working with us? Have a look here: https://www.passionfroot.me/startupradioHow to test web applications for security loopholes
Security Sutra - Cybersecurity Startups and Venture Capital
04/10/20 • 22 min
As a developer ... I want to work on a feature... and if I make a security relevant mistake, I have to get a report, but not disturbed in my workflow.
Janosch Maier, CPO Crashtest Security
The founderIn this interview, Joe from Startuprad.io talks to Janosch Maier (https://www.linkedin.com/in/janoschmaier/), CPO and Co-Founder of Munich-based Crashtest Security (https://crashtest-security.com/) a cybersecurity startup. Crashtest security helps to scan web applications for know vulnerabilities, so automated hacks can not be successful.
Crashtest security is part of focus this year of Munich-based entrepreneurs. The recording was done before Corona really struck.
Janosch has a bachelor’s in computer sciences, with a minor in education. During the interview, he tells us the story of how he met a US-based hacker in Uganda and how this puts him on track to start his company.
Don’t use software, that isn’t supported anymore. You open yourself for attackers.
Janosch Maier, CPO Crashtest Security
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The Startup
The Startup Crashtest Security is based in the center of Munich. (https://www.linkedin.com/company/crashtest-security/, https://crashtest-security.com/, https://www.crunchbase.com/organization/crashtest-security
The startup has a Software as a Service security tester. In order to use it, you need to sign up and enter the details of your website and the penetration test starts. If Crashtest Security finds a vulnerability they let you know how they got in. For these tests, they use know vulnerabilities, open-source tools, and their proprietary know-how.
You can imagine our tool as an online virus scanner for known vulnerabilities.
Janosch Maier, CPO Crashtest Security
The Video Interview is set to go live on April 9th 15.00 CET (10 am East Coast Time, 14.00 London)https://youtu.be/CzcKlRKI6cc
FundingCrashtest Security is currently financed by business angels, but they may be looking for capital soon. Reach out to us, we will connect you to the team.
Further Readings / Additional Resources
Hackers for Charity: https://www.hackersforcharity.org/about-us/
Uganda: https://en.wikipedia.org/wiki/Uganda
Worth visiting due to the national parks (just some examples here)
https://en.wikipedia.org/wiki/Bwindi_Impenetrable_National_Parkhttps://en.wikipedia.org/wiki/Queen_Elizabeth_National_ParkFind more here: https://en.wikipedia.org/wiki/Category:National_parks_of_UgandaDuring the interview, we talk about ETH Zurich. Albert Einstein or John von Neumann studied there. https://en.wikipedia.org/wiki/ETH_Zurich
FeedbackReach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
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This Month in German Startups - March 2020
Security Sutra - Cybersecurity Startups and Venture Capital
03/30/20 • 51 min
This Month in German Startups - March 2020If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recordings and the articles we are quoting from there. Some of the source articles are in English, some are in German.
FeedbackReach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
Find the hosts here:Jörn “Joe” Menninger [email protected] / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach [email protected] / Twitter / Homepage / Video Interview (2018)
Note that Chris decided to stay in New York to be able to report from there, which is the epicenter of the US corona outbrake! Thank you for that!
EnablerThis recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/
Together with our enabler, we are running a podcast called “Tech Startups Germany”, which will focus on startups at a Serie A stage or even more mature. You will also find all the videos we produce for this podcast on our YouTube channel www.youtube.com/startupradio. This podcast is available directly on our device as audio and video podcast, yes, Startuprad.io makes the first downloadable video podcast. Find all options to subscribe here:
💢 Tech Startups Germany by Startuprad.io - Audio onlyiTunes https://apple.co/2Z17bflDeezer http://bit.ly/2Qbh1rlTuneIn http://bit.ly/2M8vpznStitcher http://bit.ly/34xTANO💢 Tech Startups Germany by Startuprad.io - VideoiTunes https://apple.co/2M8ZxKJ______________________________________
Our affiliate partners:Startup in need of a bank account? Try our partner Penta http://bit.ly/3bdHX3d
Looking for a bank account to shift between crypto and fiat? Try our partner Bitwala: http://bit.ly/2w01Zye
Need office space? Co-Working at WeWork https://we.co/2GYbxvS
Need something done fast? SEO / Graphics / Sounds / Transcript look at Fiverr: http://bit.ly/2S0f2YF
You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh
______________________________________HousekeepingNo bragging this time.
Now there is
💢 Fintech Germany by Startuprad.io iTunes: http://apple.co/2lLRlpG Spotify: http://spoti.fi/2m8HWsb💢 Security Sutra by Startuprad.ioiTunes: https://apple.co/2K0qLlHSpotify: https://spoti.fi/33rrlAD💢 Deeptech GermanyiTunes: https://apple.co/2oWO3Sl Spotify https://spoti.fi/2qucve8💢 Blockchain GermanyiTunes: https://apple.co/2O2jwLxSpotify https://spoti.fi/2qucve8German Startup News (Video)iTunes https://apple.co/3agUim9 German Startup News (Audio)iTunes https://apple.co/2Jg2fMw Spotify https://spoti.fi/2UeZ3ah
Coronavirus / Covid19We will bring you weekly short updates, called Corona Flash. This is meant to keep you updated on the most recent developments, relevant for startups.
German Government in Talks With Startups on Survival Package - Bloomberg https://buff.ly/2vB6zmu
Related
Covid19 response by the German Government
50 bn € aid for freelancers and SMEs
400 bn € guarantees and 100 bn € for equity stakes
100 bn € for liquidity aid via KfW
DER SPIEGEL https://buff.ly/3bnrc54
Important Knowledge Sources for Startups on Covid19 and policy responsesSARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene - German Startups Association - The only English source we could find:
They launched a specific website”The Startup Corona Handbook” https://buff.ly/2J4UOI0 There is ...
This Month in German, Swiss, and Austrian (GSA) Startups - March 2023
Security Sutra - Cybersecurity Startups and Venture Capital
03/30/23 • 31 min
Intro
Welcome to our March 2023 wrap-up with 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: The top news, followed by a bird’s eye view at the startup ecosystem, next deeper looking at fascinating startup cities, and we end with general information. And for those serious about startups, there is a collection called: Stay ahead of the curve, where we share exciting reads, articles, studies, and podcasts.
Welcome to our startup news wrap-up for March with Chris from New York City and Joe from Frankfurt. We recorded this news episode on March 27th, 2023. A little disclaimer: You may have noticed a lot of stress in February here at Startuprad.io. We should have remembered a few news items in our backlog and added them to this episode.
All news not yet included here will be published in our next news episode for April, to be published on April 27th. Find all links to the quoted information on our Medium blog link below.
If you celebrate it: Happy Easter! We also try to bring you a bit of culture from Germany here.
Our Highlights:
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. Bavarian Airlines may be just a hoax, and Grover shows the first signs on their way to an IPO.
Let’s talk startups:
Tune in to our Internet Radio Station here:
Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel, or listen to our internet radio station here: https://linktr.ee/startupradio
Our Enablers
This recording is supported by HTAI and the Enterprise Europe Network Hessen.
This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio
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Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
Top News
Good News and Bad News at Raisin
The rising interest rates are good for deposit broker Raisin. They were driving an increase in business and helped them to get a unicorn valuation with their most recent fundraising. It seems they even got a bit overwhelmed by the new business. Let’s have a look at the news:
We reported about Raisin’s (then) ongoing fundraising and that they are about to get their unicorn horn back. This is now confirmed: Deposit broker, fintech Raisin, raises 60 m Euros in VC funding, reclaiming its formerly lost unicorn status
The bad news: It seems complaints are piling up so that BaFin takes notice
N26 Good News and Bad News — As well
In February 2022, six high-ranking managers of N26 wrote an email warning the founders the company was turning dysfunctional. This became news about a year later when the Chief Risk Officer stepped down. Most of the managers backing the email left already.
First: N26’s top executives warned co-founders over ‘dysfunctional’ leadership
Second: Thomas Grosse, our gue...
This Month in German, Swiss, and Austrian (GSA) Startups - May 2023 | Episode #385
Security Sutra - Cybersecurity Startups and Venture Capital
06/01/23 • 31 min
Welcome to our May 2023 wrap-up with 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 exciting startup cities and end with general news. And for those serious about startups, there is even a collection called: "Stay Ahead of the Curve," where we share in-depth reads, articles, studies, and podcasts.
Our next news episode will be published on June 29th, and then we are - for the news - in summer break.
Our Highlights:
Germany is now officially in a recession, but one with barely any unemployment. Also, we still track many startups going out of business, BUT the overall picture is improving. The German VC and PE Barometer - which captures the mood of many German investors - is showing an uptick. This shows especially in the massive amount of new funds raised; they promise a bright future for startups! We tracked at least 3,4 bn Euros of newly raised funds, which will be invested entirely or partially in startups in Europe and GSA. Look at our medium blog; we have more information on what the investors are looking for and how to pitch them. We also have investments and exits worth at least 5,4 bn Euros and news in this episode, including WeFox, Tier Mobility, Infarm, Blinkist, Bitpanda, Aleph Alpha, Sono Motors, and many more.
Let's talk startups:
Find all links and the other news here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2023-episode-385-87fd564d483a
Tune in to our 24/7 Tech Entrepreneurship Internet Radio Station here:
Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio
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: https://startupraven.com/
Top News
Deal or No Deal?
Getir is in talks to take over German grocery app rival Flink | Financial Times
But then: Flink's sale to Getir fell through. Now Flink is raising 150 M € from investors, including grocery giant Rewe and Doordash
Tier Mobility to Merge with Competitor
European e-scooter giant Tier Mobility maps route to merger
Will Infarm Be Soon Outfarm?
Infarm keeps shrinking and is leaving Europe, reports Handelsblatt. The greenhouse startup reportedly has only 80 employees in Europe left and will get an investment at an unknown valuation for their relocation - likely to the Middle East with low energy prices
Blinkist Makes a Large Exit!
Berlin-based startup Blinkist is sold to Australian education startup Go1 for an undisclosed amount, reported to be "hundreds of millions." Blinkist offers short wrap-ups of nonfiction books as text or audio
Large Drops in Valuations are Not Only for the Small Companies
Bitpanda boss admits his company may now be worth only 2.5–3 bn US$, vs 4.1 bn US$ valuation at their August 2022 funding
Germany Will Have Another Gigafactory
but not from Tesla. Swedish unicorn Northvolt builts Gigafactory in the north of Germany for 4.5 bn Euros - thanks in part to large subsidies
Heidelberg-based AI Startup Aleph Alpha is Seen as a Promising Competitor of ChatGPT, and Big Names Line Up to Invest
SAP CEO indirectly confirms their investment in German AI startup Aleph Alpha, rumored to be up to 100 m Euros
Related news later emerged: We reported that SAP wants to invest in Heidelberg-based ChatGPT competitor Aleph Alpha, now Intel also shows interest in investing
WeFox closed large funding
wefox raises $110M in Debt and Equity Funding to become profitable: Wefox secures new funding at $4.5 billion valuation as it aims for profitability. The company sells insurance products through in-house and external insurance brokers.
Sono Motors has to file for bankruptcy
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- Daphne Koller, Founder and CEO at insitro
- David Baker, Ph.D., Director at the Institute for Protein Design and Professor of Biochemistry at University of Washington
- Theresa Hajer, Partner and Managing Director of Venture Capital Research at Cambridge Associates
Unseen Upside: Investments Beyond Their Returns is developed in partnership with PRX, an award-winning podcast media company. Cambridge Associates is a global investment firm that works with endowments, foundations, healthcare systems, pension plans, and private clients to implement and manage custom investment portfolios that aim to generate outperformance and maximize their impact on the world. Cambridge Associates delivers a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, staff extension, and asset class mandates.
DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].
This Month in German Startups - June 2021
Security Sutra - Cybersecurity Startups and Venture Capital
07/01/21 • 22 min
Welcome to This Month in German Startups June 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.
We are reporting live from Germany’s largest unicorn wave ever. We announce two new unicorns (Scalable Capital and Forto (formerly FreightHub)) and Germany’s first Decacorn Celonis, valued at more than 11 bn US$. The 2019 Unicorn Wefox raises large funding of 536 mn € (650 mn US$). About You IPOs for 23 €/share at 4 bn Euro (4.85 bn US$) AND Austria becomes a new most valuable startup with GoStudent (1.4 bn €, 1.67 bn US$), after they had their first unicorn only last month.
Plus SolarisBank is rumored to be in talks of a 100 mn Euro VC Deal, which would make them a unicorn as well, to buy up a competitor. Especially active in this frenzy of unicorn creation is Softbank from Japan and Tencent from China.
We have a special episode on the unparalleled unicorn creation, which is available on the same channels. If you want to know more about the new Decacorn and unicorns in Germany and Austria you want to listen to this episode as well. We keep here the coverage of unicorns to a minimum.
Note: This will be the last news recording before the summer break. There will be no regular news in July or August, but we will be back with news at the end of September, wrapping up the summer news.
We are soooooooooo looking forward to the summer that Joe even wears a Hawaii shirt. Be happy for your eyes if you are only listening to this podcast :-)
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Security Sutra - Cybersecurity Startups and Venture Capital currently has 156 episodes available.
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The podcast is about Entrepreneurship, Podcasts, Technology and Business.
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The average episode length on Security Sutra - Cybersecurity Startups and Venture Capital is 24 minutes.
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The first episode of Security Sutra - Cybersecurity Startups and Venture Capital was released on Oct 18, 2019.
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