- The Authority on German Startup‪s‬ On the New York City Podcast Network

This Month In German, Swiss, And Austrian (GSA) Startups - November 2022 Wrap-Up

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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 Our Sponsor StartupravenThe best way to identify investors and cooperation partners for early-stage startups Sign up for early access here https startupraven com Find all options to follow us and subscribe here https linktr ee startupradioTop News FTX may soon be History BUTA 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 NowProptechs Homeday and McMakler enter the second round of job cuts Homeday cuts 20 jobs 60 before and McMakler again 100 employeesGorillas May Sell Itself at a Huge DiscountSequoia-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 SachsOur 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 Learn more www startupraven comYounium and TvaritOur 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 This podcast uses the following third-party services for analysis Podcorn – https podcorn com privacyChartable – Click here to visit this podcast episode