This Month In German Startups – May 2020 – Connecting Podcasts with Listeners & Subscribers From All Over the World!

This Month In German Startups – May 2020

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This Month in German Startups – May 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 nbsp www startuprad io nbsp or nbsp www startup radio nbsp 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 nbsp Reach out to usOur audience survey to give us feedback suggest topics interview partners or just to say Hallo nbsp https forms gle mLV6mVKwGwKuut8BA nbsp Find the hosts here J rn Joe Menninger nbsp joe startuprad io nbsp nbsp Twitter nbsp nbsp LinkedIn nbsp nbsp Video Interview 2018 Christian Chris Fahrenbach nbsp chris startuprad io nbsp nbsp Twitter nbsp nbsp Homepage nbsp nbsp Video Interview 2018 PatreonIf you like our podcast consider supporting us on nbsp Patreon nbsp https www patreon com startupradio EnablerThis recording was made possible by Hessen Trade and Invest Learn more about our enabler here nbsp 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 nbsp www youtube com startupradio This podcast is available directly on our device as an audio and video podcast Yes Startuprad io makes the first downloadable video podcast Find all options to subscribe here nbsp Tech Startups Germany by Startuprad io – Audio onlyiTunes nbsp https apple co 2Z17bflDeezer nbsp http bit ly 2Qbh1rlTuneIn nbsp http bit ly 2M8vpznStitcher nbsp http bit ly 34xTANO Tech Startups Germany by Startuprad io – VideoiTunes nbsp https apple co 2M8ZxKJVideo Recording – YouTube the video will premiere on Thursday May 28th 19 00 CET 1 pm Eastern https youtu be Yu rojiz9mw nbsp nbsp Housekeeping – Time to brag nbsp The current situation looks a bit better so we feel ok with a tiny bit of bragging – We made it in Russia s Apple Tech Podcast Charts up to 121 and PR China Apple Tech Podcast Charts up to 485 This gets the total to 30 countries nbsp We are also now on Patreon If you like your podcast become a patron www patreon com startupradio We published again some cool interviews where we wanted to highlight especially this month s interview with IDA where we talk to the CEO and Co-Founder Hamedo Ayadi of Intelligence Data Analytics At the start of the coronavirus outbreak 70 of their employees worked related to aviation which was completely stopped by one phone call He tells the story of how they changed strategy fast to survive nbsp https www startuprad io interviews ida-pivoted-fast-during-corona-before-70-of-their-employees-worked-with-aviation-companies nbsp Coronavirus Covid19German government approves the corona aid package for startups A two billion fund will add to private funding from the package 30 private 70 public this is called Corona-Matching-Fazilit t CMF The package was put together quite fast since the first announcement has been in mid-April nbsp https buff ly 2zFr4jL nbsp There will be another pillar called Startup-Schutzschild startup shield which will assist the instruments of Germany s 16 states for startups who have no backing by investors yet nbsp Related we found news about two of the measures of single states nbsp Bavaria LfA sets up a new loan program for small and very small enterprises – Munich Startup nbsp https buff ly 3c3MBkp nbsp Hamburg They call their program InnoStartup – Hamburg Startups nbsp https buff ly 2zPOLpp nbsp some more information in the Hamburg Hub section Corona cases in Amazon logistics center in Winsen Germany Verdi demands to close the location nbsp https buff ly 3dipDGbGerman unicorns like Dreamlines Flixbus Getyourguide Homelike Hometogo Omio Tourlane and Trivago write an open letter to Google to get 75 mn advertisement money back nbsp https buff ly 3f2rFMF nbsp the letter is also signed by the head of German startup association50 of startups have 6 months to live amp other insights from our COVID-19 survey – Slush nbsp https buff ly 2Z6J0hG nbsp Highlights Startups will need to raise funds at any costThe importance of networks at a new highRecruitment at a halt but existing staff is largely kept onRemote work is taking a toll Working from home has put a strain on startup employees As sales drop new winners are emerging B2C startups are doing better than those selling B2B and pure D2C companies have actually experienced a net increase in sales Good news Chris KML Vision is an AI startup from Graz Austria It claims it s software could recognize Covid-19 on x-ray pictures nbsp https buff ly 2SA3MT3 nbsp In a podcast Marc Cuban Why Coming Out of The Pandemic Will Be The Best Time In The History of Mankind To Start A Business nbsp https buff ly 2A5ujBd nbsp He was also guest on the show of our friends at Remote Daily a format building a nice business community via daily Zoom calls There he spoke about leadership in times of crisis nbsp https www youtube com watch v QcO-HmOZpv4 nbsp German online grocery store food de sees the big impact of COVID19 on its business They signup increased 25fold nbsp https buff ly 2yDt8sg nbsp Affiliated LinksIs your startup in need of a bank account in Germany Try our partner affiliate Penta nbsp http bit ly 3bdHX3dLooking to open a bank account to shift between crypto and fiat Try our partner Bitwala with this affiliate link here nbsp http bit ly 2w01ZyeEcosystem nbsp German Venture Capital Barometer sets a new record low due to Coronavirus All indicators in the red The business climate index for the German VC scene is calculated by the German VC and PE association BVKAP and KfW the government-backed development bank nbsp https buff ly 2TBBfg5 nbsp The quoted specialist finds it likely the VC investors will focus on their portfolio and not make significant new investments nbsp VCs in Germany only finance 8 of startups co-founded by women nbsp That is 17 of their investments nbsp https buff ly 2YA04MP nbsp Startups banking in Germany According to a recent analysis approx 5 of startups in Germany have a bank account with neobank Penta The younger the startup the more likely they are to bank with a challenger bank The share of established players with newly founded startups is shrinking fast especially the share of Deutsche Bank Commerzbank is holding up well From the established players the German thrift organizations Sparkassen are the leaders in startup banking but they are 385 institutions Also the Volksbanken cooperative banks are doing pretty well The Volksbanken and Sparkassen are usually the only banks of which you will find branches outside of larger cities nbsp nbsp More than 50 companies now have permits to trade in medical cannabis in Germany This crowding leads to a decline in revenues from six-digit a month to five-digit a month nbsp https buff ly 3ecdB1V nbsp Related More cannabis news Deutsche-Startups has a list of 13 startups headquartered in Germany working in the market nbsp https buff ly 3fMwJoI nbsp they only forgot Frankfurt-based cansativa nbsp https buff ly 2VT3gQT the startup was the reason for a partial lockdown of the city as they started out because their super-secure warehouse gave a false alarm nbsp HubsThis time we have to show a bit more on the less known places where still interesting startups exist As you know we like to highlight that here Note on this section The order of the articles and hubs is in the order we found them – no other particular order nbsp Frankfurt Rhine-Main The app Aliah supports communications in the hospital and takes away some of the burdens of the medical personal nbsp https buff ly 2KCssG2 nbsp There is a webinar for the STEP program of the German-American Chamber of Commerce in World which enables German startups to make a first step to New York It will take place on June 30th form 14 15 CET You can register here and startups from Hessen can apply for 1 500 Euros funding nbsp https buff ly 2ADFBg7 nbsp Aareal Bank Wiesbaden-based bank specializes in property financing wants to sell shares in their IT subsidiary after pressured by an investor nbsp https buff ly 3dXeJGiAlso Rhine-Main Area MainzThere is still business going on during Corona Mainz-based Mailtastic a GDPR conform marketing platform completes exit seven digits to New York-based Cognism nbsp https buff ly 2X5DpWl nbsp MunichSeven digit Venture Capital investment for Erium which helps to minimize errors in manufacturing processes – Munich Startup nbsp https buff ly 2W20o5r nbsp Wikimedia Germany starts an accelerator program called Unlock in Munich All startups working towards an open knowledge society can apply nbsp https buff ly 2zQ2Cw8 nbsp HamburgHamburg-based YogaEasy is booming like Netflix – Hamburg Startups nbsp https buff ly 35vGNO1 nbsp nbsp Hamburger Corona Soforthilfe HCS is seen as a great success Of the program 25 mn are earmarked for startups HCS InnoStartup which already approved 2 3 mn Euros nbsp nbsp https buff ly 2Xe1079 nbsp nbsp HannoverThere are still startups founded during corona Deutsche-Startups highlights 7 including one from Hannover nbsp https buff ly 3c2ELHz G ppingen close to Stuttgart nbsp Permira sells TeamViewer shares worth 1 1 billion – Reuters The PE investor bought the German startup outright and listed them later at the Frankfurt stock exchange Now they sold approx 20 of their stake nbsp https buff ly 36dV5Dd nbsp D sseldorfDr Sam a digital veterinarian raises seven-digit amount venture capital nbsp https buff ly 2LJgqLz nbsp Z richSwiss fintech Numbrs axes 50 of their workforce after venture capital financing round fell through even as they claim they had signed contracts from investors that did not want to proceed nbsp https buff ly 2YGalaq nbsp Numbrs is backed by investors like the former CEO of Deutsche Bank Josef Ackermann https www crunchbase com person josef-ackermann section-personal-investments PotsdamGerman startup Flightright a startup getting buying passenger compensation claims sues Lufthansa due to open refunds nbsp https buff ly 36e5YoP nbsp N rnbergSuccessful nbsp IPO nbsp despite nbsp covid19 Nuernberg based nbsp database nbsp company nbsp Exasol nbsp list at Frankfurt Stock Exchange and jumps 50 during first trading nbsp https buff ly 2XwdDdY nbsp nbsp Companies nbsp EIT Digital Challenge is looking for fast-growing European deep-tech companies handing out 350k in prizes nbsp https buff ly 2wJwAKRN26 Berlin-based fintech unicorn – felt first impact lower transactions in march – in April they sent 150 employees in government-backed Kurzarbeit 10 of their global workforce now they raise 100 mn US with a steady valuation of 3 5 bn US nbsp nbsp https buff ly 3b9dEtm nbsp nbsp The news comes from the Vienna Austria-based blog DerBrutkasten at they are usually very good since both remaining founders are natives of Vienna Valentin Stalf and Maximilian Tayenthal nbsp and moved with N26 from there to Berlin The blog further speculates that the increase of their Series D now 570 mn US – 1 years after their initial Series D round – nbsp suggests a short term need for the money nbsp Related N26 extends Series D to 570M PitchBook nbsp https buff ly 2WC1ROR nbsp One of the former founders of Berlin-based todolist darling Wunderlist announces a new productivity app called Superlist nbsp https buff ly 3c8mE31 nbsp Soundcloud founders start with a new mobility startup nbsp https buff ly 2YnMfB1Porsche Invests in Berlin-based Blockchain Startup to develop Platform for Vehicle Management nbsp https buff ly 2WglSvr nbsp Jumia started by Berlin-based Rocket Internet The e-commerce start-up that fell from grace via BBC Africa A year after its much-heralded debut on the New York Stock Exchange e-commerce start-up Jumia has shut down in three African states struggled to turn a profit and got dumped by its original owners nbsp nbsp https buff ly 2VNqclA utm source -custom-by-source-0- Berlin-based B2B Food Group with brands like Caterwings Lemoncat Monbanquet and OrderIn retreats from the German home market as a consequence of Covid19 to focus on other markets nbsp https buff ly 3d4kVw4 nbsp nbsp Stay Ahead of the CurveHow Not to Get Your Time Wasted by VCs This is going to be BIG nbsp https buff ly 3geYPcs nbsp Know your investor it ll be worth your while Sifted nbsp https buff ly 2WRnZ8f Investor due diligence cuts both ways here s how to ensure you don t take money you ll later regret How to demonstrate calm and optimism in a crisis nbsp https buff ly 3bQceoF nbsp How to Handle Video Negotiations nbsp https buff ly 2KTA7jiWhile Lime is certainly interested in the cash infusion it comes at a significant cost a valuation of just 510 million That s down 79 from Lime s 2 4 billion valuation in February of last year nbsp https buff ly 2xFXlGLCan I fundraise in COVID times the New Fundraising Matrix via nbsp creandum nbsp https buff ly 3cKJT3BMapping the Institutional Digital Asset Infrastructure space – The Block nbsp https buff ly 3buryWQ5 Things No One Tells You About VC Firms SaaStr nbsp https www saastr com 5-things-no-one-tells-you-about-vc-firms Folge direkt herunterladenClick here to visit this podcast episode