Happy 2023, as well as a happy Chinese New Year of the Rabbit. 2023 Chris and Joe will again bring you startup news once a month (with a small summer break) wrapping up what was going on — and we found noteworthy — in the GSA / DACH startups scene.

Our Highlights:

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.

Let’s talk startups:

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Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Look for Tech Startups Germany here: https://linktr.ee/startupradio

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Top News

WeFox got some splaining to do 🙂

Extensive, but not favorable coverage of insurtech Wefox came out this month. The main complaints are that the growth is basically driven by acquiring existing pools of insurance brokers (not really what you would associate with an insurtech startup). They made that way 600 million Euros in revenue in 2022. But these pools do not get innovative systems from WeFox, or innovative insurance offers from them, they just keep working. Also, there has been no innovative product that really drove the growth at WeFox as an innovative unicorn

BioNTech makes the largest acquisition to date

BioNTech may be one of Germany’s most successful startup companies. We talked about it in our news before, the company alone is responsible for approximately half a percentage point of Germany’s GDP Growth in 2021 — Keep in mind that Germany is the 4th largest country in the world by nominal GDP.

Here is the new piece: Mainz-based pharma company BioNTech (famous for their corona vaccine) makes the largest acquisition in its history with UK-based AI startup Instadeep

Related: BioNTech’s founder on the future of mRNA technology

Cologne-based DeepL confirms unicorn status and snipes at Grammarly

DeepL takes aim at Grammarly with the launch of Write, to clean up your prose.

Related:

Cologne-based translation tool DeepL confirms unicorn valuation for their 2022 fundraising of 100 mn US$

Solarisbank joins N26 in Troubles with BaFin

Bafin is Germany’s bank oversight body (think FSA or SEC). They have already limited the number of customers N26 can acquire due to lapses in following regulations (especially AML), now Solarisbank is in too: “Solarisbank in Germany can now only get new partners (fintech clients) with permission of German finance oversight BaFin, due to continuing problems. BaFin also sends an “observer”

Trade Republic Updates

Trade Republic generates more than 1 bn Euros inflows of new client money with 2% interest rate offer and a lot of favorable press coverage.

Also, Trade Republic has to publish their numbers: There is a legal requirement in Germany to publish your balance sheet 12 months after your business year

This Month in German, Swiss, and Austrian (GSA) Startups - January 2023

Executive Summary

In this episode, we have the privilege to explore fintech and banking in 2023 alongside Paolo, Global Research Leader for Banking and Capital Markets for IBM. He offers his insight into fintech and banking twenty years from now. We examine the strategies important for capital markets, fintech, and banking and the forces shaping their future. Paolo shares with us that these players need to be cognizant of their strategy choices, as well as how different successful platforms will be in the future. Last but not least, he impresses how imperative it is to start reasonably preparing for quantum computing today. It is a must-listen episode that provides tremendous insight into fintech growth and innovation.

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The Expert

Paolo is a fintech entrepreneur and thought leader who stands out from the crowd. He has been at the forefront of innovation in banking and fintech for nearly two decades. He has served as an experienced banker and risk manager, having held senior positions in major firms. In 2008, he founded Capitecs, an innovative startup based in Frankfurt that would eventually be acquired by IBM in 2012. Since then, Sironi has continued to innovate and lead the global research efforts for the IBM consulting institute, particularly in banking, fintech, and capital markets. He has also released five bestselling books on various fintech-related topics that have further established him as an authority figure. Paolo Sironi serves as a testament to success resulting from fintech expertise gained through experience in traditional banking institutions.

His most recent one is "Banks and Fintech on Platform Economies: Contextual and Conscious Banking (The Wiley Finance Series)" you can buy it and learn more here: https://amzn.to/3XC3OIU (AL)

His other books are:

 * FinTech Innovation: From Robo-Advisors to Goal-Based Investing and Gamification https://amzn.to/3IOHqrM (AL)
 * MiFID II: Value-Generation for Investors https://amzn.to/3iFtQML (AL)
 * Modern Portfolio Management: From Markowitz to Probabilistic Scenario Optimisation https://amzn.to/3iFtQML (AL)
 * Financial Market Transparency: Essay on Financial Markets Theory https://amzn.to/3Wi7z5j (AL)
 * 金融科技创新 (Fintech Innovation Mandarin Edition): https://amzn.to/3Wi7z5j (AL)


Thoughts To Ponder

Paolo, a fintech entrepreneur, banker, and thought leader in risk management, believes that banks are unable to compete on the level of volume needed to match that of tech giants. In order to stay competitive and provide value for their customers, fintech must set their sights on delivering superior service rather than chasing the same levels of scale. With his books and writing, Paolo has created a framework through which bankers and fintech entrepreneurs alike can better target value-based services in order to gain an adva

Fintech and Banking 2023 and Beyond | Strategy

Executive Summary

In this bonus episode of our expert interview series, Antonio Fatas, Professor of Economics at INSEAD, joins us to provide insights into the current situation with FTX. We've gathered a good deal of information about the collapse so far but there is still much that remains unknown. We delved into some of the known facts surrounding FTX and pondered together on what could happen in the future. It's clear from our discussion that FTX was not a regulated financial institution, and also had its own unique challenges. We'll be keeping an eye out for more developments related to FTX as time goes on to see what other lessons we can learn.

I do believe there are other places where entities are insolvent, we just have not seen it yet.Antonio Fatas, Professor of Economics 

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FTX suffered from bad management and likely fraud as wellAntonio Fatas, Professor of Economics



Background

As crypto continues to grow into a new and important market, the digital asset industry has been rocked by the sudden collapse of one of its biggest crypto exchanges - FTX. Led by crypto personality Sam Bankman-Fried, FTX had previously been ranked as the world’s third-biggest crypto exchange in terms of trading volume, so its downfall came as quite a shock to crypto investors. This news is sure to cause ripples throughout the crypto industry for a long time, and it serves as another reminder that despite its rising popularity, crypto remains an unpredictable and high-risk gamble.

 Regulators may now have a different view on the risks and regulations of crypto. Antonio Fatas, Professor of Economics



This event echoed Mt Gox’s downfall although the underlying problem was quite different. Unlike Mt. Gox which fell victim to hack, FTX merely could not keep up with the sudden demand for withdrawals caused by investors who were losing faith in the platform. The resulting effect sent FTT, their native token, tumbling and kicked off a domino effect causing customers to rush out of the exchange and further crippling its ability to sustain itself, leading inevitably to its demise.

I find it very revealing that these tokens that are supposed to work with high inflation, because the central banks are all crazy but this is the way to hold on to your purchasing power. Now that we have inflation, they are collapsing. That to me is a really red flag.Antonio Fatas, Professor of Economics

Bitcoin crashed, Ethereum crashed, and almost every other major token did the same. Then Binance stepped in, with the world’s number one exchange announcing it would buy FTX and ensure everyone gets repaid. But just as soon as the market settled, Binance announced a U-turn, saying the situation at FTX was beyond recovery. 



The implications from the complase of FTX will be felt for crypto for the coming years in more an thougher regulations. That is why we will follow the story. We start with a discussion of the situation with our guest. Professor Fatas.



The Expert

Antonio is an influential professor of economics with an impressive set of credentials. With a Ph.D. in Economics from Harvard University and a research fellowship at the Centre for Economic and Policy Research in London, he brings broad expertise to his job as a Professor of Eco

Bonus: What We Know About the FTX Collapse?

Management Summary

Welcome to a Startuprad.io tradition, airing on December 25th. A review of the most important events in Fintech from the perspective of our guests for the 8th year in a row right now. The most important development in the fintech world was for most guests the FTX collapse. During the recordings agreed that fintech investments have seen a peak — there will be a valley behind it, but there will be new investment records achieved after the expected recession. As next hot topics emerged embedded finance and crypto. Not all crypto will be hot again, only with a sustainable business model, there is a future according to our guests. Actually, some guests welcomed a shakeout of the market — albeit it should not have been that violent and long.

Leave Us a Good Review

We would be more than happy if you rate and review us either on YouTube, your podcast app of choice, or on the internet radio station you are listening to us right now.

Introduction to our Fintech Review

For years Startuprad.io makes an annual fintech review, where practitioners, investors, and fintech folks get to wrap up their year. The focus is on GSA, but it seems to be more and more the case that markets get more interconnected and trends follow each other in much shorter time spans. It is also a tradition that we publish it on December 25th. 

Keep in mind that since the first fintech review the field has changed and broadened a lot! Really a lot. Where it used to be only payment apps, now there are fintechs in insurance, crypto, proptech, banking, SME banking, capital markets, and much much more. So we thought we would invite guests from a diverse range of backgrounds to give you their perspective on the time of corona, the year 2022, and the outlook for next year.

Our guest this year:

 * Meeri Savolainen, CEO and Co-Founder of Insurtech INZMO
 * Luca Frignani, CEO and Co-Founder of Credit Platform Exaloan
 * Henrik Gebbing, Co-Founder and Co-CEO of Crypto Custody Bank Finoa
 * Frank Schwab, Co-Founder of the Fintech Forum and multiple supervisory board member


Our questions to the guests:

 * What was the most important development in the fintech world in 2022?
 * Do you think fintech has peaked in terms of investments — as some data suggests?
 * What is the next hot topic in fintech? Is crypto making a comeback or are we all focusing on API tools for embedding finance functions?
 * If you have one: What was the most interesting fintech development for you during corona?
 * If you have one: What was the most important piece of news in 2022?


Thank you very much for your valuable time and insights. We wish you much success in 2023 and happy holidays!

Blog Post With Links and Show Notes

https://medium.com/startuprad-io/fintech-review-germany-switzerland-and-austria-gsa-2022-97b12122e34b

#startup #germany #austria #switzerland #fintechreview #startupradio #entrepreneur #entrepreneurship #investing #venturecapital #crypto #embedded #custody

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Fintech Review 2022 - Germany, Austria, and Switzerland

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 $1.2 billion deal - where Gorillas was once valued at 3 bn US$



H

This Month in German, Swiss, and Austrian (GSA) Startups - December 2022

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. The German VC market is stabilizing, according to KfW Research. Our former guest Creditshelf partners with Goldman Sachs and pockets 100 m Euros. Gitpod, a startup from Kiel convinces the founders of GitHub and Shopify to invest.

Let's talk startups:

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Top News

FTX may soon be History, BUT

A German blog Finance Forward reports there are several parties interested in buying the European Entity of FTX, which is headquartered in Switzerland. Their information has been spot-on in other cases in the past.



Job Cuts Keep Coming - 2nd Round Now

Proptechs Homeday and McMakler enter the second round of job cuts. Homeday cuts 20 jobs (60 before) and McMakler again 100 employees



Gorillas May Sell Itself at a Huge Discount

Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion. They have been valued at their series C investment at 2.1 bn US$ and to date they raised more than 1.3 bn US$.

Related: Deutsche-Startups uncovered that Gorillas (which is in the process of selling itself) paid 300 m € this year for french competitor Frichti.



Lilium Sells 100 Airtaxis

Saudi Arabia buys 100 air taxis from Munich -based startup Lilium. The delivery is expected 2025. Before the deal, they also hired former Airbus executive Klaus Roewe. Fingers crossed for them, they did not generate revenue yet, but 841 m Euros in losses so far.



Volocopter Raises 182 M US$

Volocopter raises $182M to bring air taxi closer to certification, as part of their Series E funding

The company is currently testing its two-seater VoloCity air taxi for the requirements set by the European Union Aviation Safety Agency (EASA). Volocopter is looking to certify its aircraft in H2 2023 and generate revenue with rides in 2024.



Creditshelf Partners with Goldman Sachs

Our former guest Creditshelf partners with Goldman Sachs and hits profitability - Goldman Sachs is providing the German alternative lender for SMEs with up to €100m of secured funding. Learn more in our interview with Creditshelf here https://buff.ly/3NVANo1

Creditshelf is Germany’s only listed pure-play fintech, offering a credit platform, where investors can grant credit to German small and medium enterprises.

Mentioned in this episode:

Our Enablers

Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Tvarit Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/

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This Month in German, Swiss, and Austrian (GSA) Startups - November 2022 Wrap-Up

The Network of European Startup Hubs 101 (Podcast)

You have it all wrong. Europe is not full of competing startup hubs. They are increasingly forming a network for startups. The startups start at one knot in the network (frequently a university), move on to an accelerator, and end up in one of Europe's top 12 fundraising hubs to raise funds, sometimes becoming a unicorn. On their way, the startups leave traces, like R&D capabilities, sales teams, groups, investors, and so on. So they are not really the product of a city, but a continent with free movement. in our blog post you will find the link to a 115-page report that includes much more data.

Our Enablers

Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/

Tvarit

Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/

Startupraven.com

The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here:

Startup Raven [https://startupraven.com/]

About the Pulse of the European Startup Ecosystem

The European startup scene is changing fast. There are new players, old ones fading away, and even more to come in their place- all vying for a piece of this growing pie! In order not to get left behind you need regular updates on what’s going on so that our entrepreneurs can stay one step ahead when building or investing in companies here. That’s why we started the “Pulse of the European Startup Ecosystem” which will provide you with quarterly podcasts chronicling different aspects related to startup activity across European Hubs, supported by the data from the specialized analytics company DEEP Ecosystems [https://www.deepecosystems.com/].

A Different Understanding of Startup Hubs

In the US most startup hubs have to fulfill most of the functions (incubation, acceleration, expansion, fundraising, …). Especially the Silicon Valley and Bay Area had no other option since they are the cradle of today's startup culture. In Europe on the other hand — with its free movement — a network of hubs developed, where hubs fulfill a function in the growth journey of a startup.

We pick today three functions of hubs in the network and show you how startups are moving along the network, staying in cities and — some of their staff — moving on to the next stage. But there are always departments, teams, or research locations left in the former home cities. This leads to real European startups, that are distributed across the continent in different locations, departments, teams, and functions.

The Twelve Hubs Leading Europe in Fundraising

12 Startup Hubs in Europe already reached critical size (raising more than 1 bn € in funding in one year in 2021. They are London, Berlin, Paris, Stockholm, Tel Aviv, Munich, Amsterdam, Barcelona, Madrid, Copenhagen, Dublin, and Helsinki. Coming from only one, London, in 2013. Most founders take the opportunity of free movement across the European Union, so the EU beats the US as a preferred location for European entrepreneurs.

57% of founders prefer Europe over the US. When asked where founders would prefer to start their company if they had a free choice and all the possibilities, still a majority would go for Europe. In no EU area, the US has beaten Europe in 2021.”

Learn more in our Blog Post a

The Network of European Startup Hubs 101

The Network of European Startup Hubs 101 (Podcast)

You have it all wrong. Europe is not full of competing startup hubs. They are increasingly forming a network for startups. The startups start at one knot in the network (frequently a university), move on to an accelerator, and end up in one of Europe's top 12 fundraising hubs to raise funds, sometimes becoming a unicorn. On their way, the startups leave traces, like R&D capabilities, sales teams, groups, investors, and so on. So they are not really the product of a city, but a continent with free movement. in our blog post you will find the link to a 115-page report that includes much more data.

Our Enablers

Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/



Tvarit

Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/



Startupraven.com

The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here:



Startup Raven [https://startupraven.com/]



About the Pulse of the European Startup Ecosystem

The European startup scene is changing fast. There are new players, old ones fading away, and even more to come in their place- all vying for a piece of this growing pie! In order not to get left behind you need regular updates on what’s going on so that our entrepreneurs can stay one step ahead when building or investing in companies here. That’s why we started the “Pulse of the European Startup Ecosystem” which will provide you with quarterly podcasts chronicling different aspects related to startup activity across European Hubs, supported by the data from the specialized analytics company DEEP Ecosystems [https://www.deepecosystems.com/].



A Different Understanding of Startup Hubs

In the US most startup hubs have to fulfill most of the functions (incubation, acceleration, expansion, fundraising, …). Especially the Silicon Valley and Bay Area had no other option since they are the cradle of today's startup culture. In Europe on the other hand — with its free movement — a network of hubs developed, where hubs fulfill a function in the growth journey of a startup.



We pick today three functions of hubs in the network and show you how startups are moving along the network, staying in cities and — some of their staff — moving on to the next stage. But there are always departments, teams, or research locations left in the former home cities. This leads to real European startups, that are distributed across the continent in different locations, departments, teams, and functions.



The Twelve Hubs Leading Europe in Fundraising

12 Startup Hubs in Europe already reached critical size (raising more than 1 bn € in funding in one year in 2021. They are London, Berlin, Paris, Stockholm, Tel Aviv, Munich, Amsterdam, Barcelona, Madrid, Copenhagen, Dublin, and Helsinki. Coming from only one, London, in 2013. Most founders take the opportunity of free movement across the European Union, so the EU beats the US as a preferred location for European entrepreneurs.



57% of founders prefer Europe over the US. When asked where founders would pre

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in October 2022 by Startuprad.io with Chris from Essen, Germany, and Joe from Frankfurt. We recorded this news episode on Thursday, October 20th, 2022.

Our Highlights:

Another one of our former guests gets a Snoop Dog investment. Quick delivery startup Gorillas seems to sell itself to competitor Getir, according to Bloomberg, despite an earlier announcement they are looking for more investments. Gadget rental service Grover adds 270 m € in venture debt, getting it close to 2 billion €. Our former guest Nuri (formerly Bitwala) had to file for insolvency, now investors jump ship and the company is wound down this year. Volocopter is sued by early crowdfunding backers, Home24 has a takeover offer from a brick-and-mortar furniture retailer and BioNTech takes on cancer. Also, Munich-based travel tech Holidu raises 100 m € in a combination of 75 m equity and 25 m debt funding.

Let’s talk startups:

Our Enablers

Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/

Tvarit

Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany - Startups and Venture Capital [https://techstartups.sounder.fm/]

Startupraven.com

The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here:

Startup Raven [https://startupraven.com/]

Top News

Europe’s Largest Cannabis Funding To Date

Europe’s largest cannabis funding to date: Snoop Dogg-backed German cannabis startup gets $37.6M Series B led by British American Tobacco

learn more about the Entrepreneur of the Year 2021 (German Startup Awards) founder Finn Age Hänsel in our interview

Gorillas May Soon Be Bought By Getir

Delivery Startup Getir in Advanced Talks to Buy Gorillas (Bloomberg). They write:

 * “Proposed deal for Gorillas would be a mix of cash and equity
 * The combination would give Getir, which is backed by Mubadala Investment Co. and Sequoia Capital, scale in key European markets including the UK and Germany.
 * Gorillas had previously held talks with a number of competitors about the prospects for a merger or sale of its business, people familiar with the matter said previously.
 * Chief Executive Officer Kagan Sumer said earlier this year that he planned to look for new financing to recalibrate the company to work toward profitability.”


Grover Takes Home 270 m €

As consumer spending tightens, yet appetites for tech remain the same, Berlin-based Grover sees an uptick in rental interest and is now bringing its debt funding to close to €2 billion to meet demand. Grover takes on more debt funding, this time €270 million from London-based M&G

Our Former Guest Nuri (Bitwala)

Will be wound down. Despite seeing interest from investors, they could not get one to sign up. So the company will be shut down until the end of the year. The last day one can use a Nuri account is in mid-December. Neobank Vivid makes all

This Month in German, Swiss, and Austrian (GSA) Startups - October 2022 Wrap-Up

Our highlights:

Germany is preparing for a potentially rough winter, in many ways. Now Environmental Action Germany (Deutsche Umwelthilfe): Asked Germans not to put up any Christmas lights this season. Startups in GSA keep laying off staff, but also raising significant funds. We have our usually shortened list a bit longer this month, to show that it is not all gloom and doom here. You will also notice that the M&A activity is up, totaling 55 bn US$ in summer 2022 (for all of Europe), and is still going strong.

Let’s talk startups:

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Find all options to subscribe to our newsletter, podcast, YouTube channel, or listen to our internet radio station here:

The Authority on German, Swiss and Austrian Startups | Linktree [https://linktr.ee/startupradio]

Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany [https://techstartups.sounder.fm/]

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here:

Startup Raven [https://startupraven.com/]

Blog Post

Find all links, news and show notes here: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-september-2022-53339fae6ca7

This Month in German, Swiss, and Austrian (GSA) Startups - September 2022

Here is "This Month in German Startups" to keep you up to date with the
German-speaking startup scene. This is a podcast by Startuprad.io.  Learn more
about us at www.startuprad.io/blog Support this p

Startup News Germany, Austria and Switzerland - by Startuprad.io · Zencastr

Startup News Germany, Austria and Switzerland - by Startuprad.io

Here is "This Month in German Startups" to keep you up to date with the
German-speaking startup scene. This is a podcast by Startuprad.io.  Learn more
about us at www.startuprad.io/blog Support this podcast:
https://anchor.fm/germanstartupnews/support