Deep Tech Germany: Recent Episodes
Jörn "Joe" Menninger
This is the deep tech track of the Startuprad.io podcast from Germany. You find only the deep tech, AI, and news content from our podcast here on this channel. Subscribe to startuprad.io to get all of our content. We bring you news, interviews, and live events from Germany in English only. Learn more at www.startuprad.io
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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Our EnablersInvest-in-HessenThis 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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Startup Raven
Top NewsWeFox 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 dateBioNTech 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 GrammarlyDeepL 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 BaFinBafin 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 UpdatesTrade 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 ends. Now it was the Republic’s turn: Berlin-based neobroker unicorn Trade Republic triples revenue and losses
Sono Motors gets more runwayemobility startup Sono Motors gets additional 1,4 million Euros from EU Horizont Program reports Der Spiegel
Blog Post with Show Notes and Linkshttps://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-january-2023-555a513fdd6c
startup #startupnews #news #businessnews #entrepreneur #entrepreneurship #germany #austria #switzerland #fintech #fintechnews #startupradio
Mentioned in this episode:
Join Our Next Program Batch - Starting February
Kickstart your entrepreneurial journey with our 100-day deep tech incubation program to rapidly validate your idea and secure your first fundingWhat is in for you?- We give you an unfair edge from day one- Get tailored guidance through hands-on coaching & masterclasses with experienced entrepreneurs and industry experts.- Leverage us as your technical co-founder and get hands-on product, design, and engineering support.- Access our excellent network of top-tier talent, experienced advisors, and industry partners.- Tap into up to €2 million of total investment in cash and in-kind services.Application is now open until January 16, 2023 and the next batch application deadline is coming up in summer 2023
Startupraven.com
Startupraven.comThe 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:
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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 FundraisingEnpal 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 ValuationDigital 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 ClosedThe 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 RankingJung 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 BIGBerlin-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 FounderFirst, 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:https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-december-2022-wrap-up-3dbea94ff37
Mentioned in this episode:
Younium is the Subscription Management Hub for B2B SaaS Companies
Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more here https://www.younium.com/
Join Our Next Program Batch - Starting February
Kickstart your entrepreneurial journey with our 100-day deep tech incubation program to rapidly validate your idea and secure your first fundingWhat is in for you?- We give you an unfair edge from day one- Get tailored guidance through hands-on coaching & masterclasses with experienced entrepreneurs and industry experts.- Leverage us as your technical co-founder and get hands-on product, design, and engineering support.- Access our excellent network of top-tier talent, experienced advisors, and industry partners.- Tap into up to €2 million of total investment in cash and in-kind services.Application is now open until January 16, 2023 and the next batch application deadline is coming up in summer 2023
Startupraven.com
Startupraven.comThe 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:
Chartable - https://chartable.com/privacy
Executive Summary9am.works is a startup platform explicitly designed for freelancers. Founded by Marc, a serial entrepreneur formerly with Team Europe Ventures and the founder of Sommelier Prive, Huus, code control, and 9am.works. The platform makes it easy for freelancers to find jobs, invoice clients, and get paid quickly and securely — most for free! It also helps companies work with freelancers, from searching and hiring to payment processing. Bootstrapped since its launch in 2016, 9am.works is transforming how freelance work is being done.
We take a lot of the pain points from companies that work with many freelancers.
Marc Clemens, Founder and CEO 9am.works
Subscribe HereThe Authority on German, Swiss and Austrian Startups | Linktree
We worked with a law firm to build a compliance hub for working with freelancers.
Marc Clemens, Founder and CEO 9am.works
Executive Summary9am.works is a startup platform explicitly designed for freelancers. Founded by Marc, a serial entrepreneur formerly with Team Europe Ventures and the founder of Sommelier Prive, Huus, code control, and 9am.works. The platform makes it easy for freelancers to find jobs, invoice clients, and get paid quickly and securely - most for free! It also helps companies work with freelancers, from searching and hiring to payment processing. Bootstrapped since its launch in 2016, 9am.works is transforming how freelance work is being done.
The FounderMarc is originally from Schwaben (https://en.wikipedia.org/wiki/Swabia), an area rich in entrepreneurial culture and home to some of the most iconic German companies, like Bosch and Benz. The Würth family is also from this same region, famous for their products related to screws, nails, and other construction items. He chose to pursue higher education abroad by studying at St. Gallen in Switzerland, UC San Diego, and later HEC in Paris. This exposure helped equip him with the skills needed to be a successful startup founder - something he has since become known for. His roots may have provided him with an initial spark of inspiration, but Marc's hard work has allowed him to carve out his own place in the business world.
A serial entrepreneur, he has a wealth of experience not only with Team Europe Ventures (now team global, founded by Lukasz Gadowski https://teamglobal.net/) and also in founding his own startups. Unfortunately, his venture Sommieler Prive did not succeed, leading to a period of tiredness and burnout. Thankfully, this entrepreneur is sharing his learnings from this experience in interviews to help others avoid the pitfalls of a similar situation. His advice provides powerful insights into how to navigate entrepreneurism without suffering excessively from burnout.
After this, he was freelancing for some time. This leads him to the idea of Code Control (which he still runs), a community for IT freelancers. This again developed into the idea of 9am.works, for all freelancers, not only for IT talent.
In between, he co-founded with his wife the HUUS soundproof phone booths startup (you may have seen them in a coworking space before) https://en.huus.io/.
The StartupIf you are a freelancer in need of assistance with the various steps of working with a company, 9am.works is the perfect platform for you! They provide sales solutions, and project management services free of charge for all freelancers and offer to work along any other steps needed for successful contracting. They also offer a payment solution, but this one is not for free. Thanks to their subscription software options as well as chargeable services on an à la carte basis, companies can enjoy 9am's personalized range of packages. 9am.works is the ideal solution when it comes to making sure that everything related to contracting with companies is seamless and stress-free; in addition, its 'freelancer' feature enables knowledge workers to easily search and find employment opportunities that match their needs and goals.
9am has revolutionized the way companies find freelance services. By using a Software as a Service model, 9am provides comprehensive tiers of services to companies on the lookout for affordable contracting and compliance solutions. Not only that, but 9am also makes it easier and faster to pay freelancers since they provide businesses with one consolidated invoice, eliminating the need to onboard individual freelancers. With 9am, service delivery has never been simpler or more straightforward.
Venture Capital Funding9am.works is finance with the cash flow from code control. They are interested in investors who can invest 8 digit tickets. They may look for funding mid to end of 2023.
"We have unlimited holidays for employees at 9am.works"
Marc Clemens, Founder and CEO of 9am.Works
9am.works is HiringYou can learn more about the company, that is still hiring and gives you unlimited vacation learn more on our blogpost.
All Links and Show NotesHere is our blog post: https://medium.com/startuprad-io/9am-works-is-the-operating-system-for-freelancers-147aa19d6679
Mentioned in this episode:
Younium is the Subscription Management Hub for B2B SaaS Companies
Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more here https://www.younium.com/
Join Our Next Program Batch - Starting February
Kickstart your entrepreneurial journey with our 100-day deep tech incubation program to rapidly validate your idea and secure your first fundingWhat is in for you?- We give you an unfair edge from day one- Get tailored guidance through hands-on coaching & masterclasses with experienced entrepreneurs and industry experts.- Leverage us as your technical co-founder and get hands-on product, design, and engineering support.- Access our excellent network of top-tier talent, experienced advisors, and industry partners.- Tap into up to €2 million of total investment in cash and in-kind services.Application is now open until January 16, 2023 and the next batch application deadline is coming up in summer 2023
Startupraven.com
Startupraven.comThe 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:
Chartable - https://chartable.com/privacy
Executive SummaryJochen Engert won the German Startup Award 2022 as German Entrepreneur of the Year. He is the co-founder of Munich-based Flix a unicorn recently valued at 3 bn US$ and the owner of Greyhound Lines. He shares in this interview his entrepreneurial journey, and his experience in winning 90% of the local long-distance bus market in less than a decade, without owning even one bus. We talk about the rough times during COVID when the service was shut down for 8 weeks, their expansion into different countries, acquisitions, and investments. He also shares some experience from his business angel investments.
“We are getting to profitability pretty soon”
Jochen Engert Co-Founder Flix
Subscribe HereThe Authority on German, Swiss and Austrian Startups | Linktree
“Our families, even our girlfriends thought we were crazy leaving our consulting jobs to start this ‘bus thing’.”
Jochen Engert Co-Founder Flix
German Startup Awards 2022This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022
You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.
“Our initial hypothesis was that you need one central player to orchestrate in order to put up a national network.”
Jochen Engert Co-Founder Flix
The FounderOur guest today is Jochen, the Supervisory Board Director (formerly CEO) and Co-Founder of Munich-based mobility unicorn startup Flix (formerly Flixbus). Jochen studied at the University of Ottawa, Canada, as well as at Stuttgart University and in Koblenz at WHU. He has also been a consultant at Boston Consulting Group for 5 years, prior to starting Flix.
“If you want to be a founder, you are always on sales, to clients, investors, and also people you want to hire”
Jochen Engert Co-Founder Flix
The trigger of Flix was the 2009 coalition government contract, where the ruling parties stated they wanted to de-regulate the bus service in Germany, for the first time permitting long-distance buses. Before the de-regulation there was a law in force forbidding long-distance bus connections, competing with train service. So they founded GoBus, later re-branded to FlixBus, then to Flix.
“ … for all operational complex businesses: Operational excellence, passion for detail and laser focus on customer centricity and ultimately customer technology … that is something that compounds, …. Building ultimately a competitive advantage, that is very hard to impossible to replicate ”
Jochen Engert Co-Founder Flix
The StartupFlix started as GoBus, later FlixBus (https://global.flixbus.com/). Today they operate FlixBus, FlixTrain, FlixCar, Kâmil Koç in Turkey, and Greyhound Lines in the US. They were valued at 3 bn US$, when they raised their last VC round (Series G published in June 2021). They raised in total more than 1,2 bn US$ from 17 investors, including General Atlantic, TCV, Silver Lake HV Capital, Permira, BlackRock, European Investment Bank, UVC Partners, Mercedes Benz Group, LMU Entrepreneurship Center, and Cherry Ventures (you can find an interview with Filip, the founding partner of Cherry Ventures here).
Flixbus operates buses or, in many cases, just handles marketing, pricing, and customer service for a commission on their software platform, on behalf of bus operators.
In 2018 — just 6 years after its founding — the company had a 90% market share of intercity bus travel in Germany. This was a result of mergers and acquisitions in the country. At the time and to this day, they don’t own a bus in Germany. They have a long success story of acquisitions:
- 2014: Meinfernbus
- 2016: Megabus in Central Europe
- 2016: Postbus of German mail operator “Deutschen Post”
- 2017: Hellö from Austrian Railway Operator “Österreichischen Bundesbahnen”
- 2018: Swebus in Sweden
- 2018: Polskibus.com in Poland
- 2019: Eurolines with European routes
- 2019: Kâmil Koç, in Turkiye
- 2021: Greyhound Lines in the USA
Their clientele is also interesting, as of February 2018, 60% of the company’s customers were female and 33% were between the ages of 18 and 25.
“ We now operate more than 5.000 destinations. That would be impossible with the right scalable software.”
Jochen Engert Co-Founder Flix
Venture Capital FundingTheir last published funding was published in June 2021, raising 650 m US$ at a 3 bn US$ valuation.
All Links and Show NotesHere is our blog post: https://medium.com/startuprad-io/meet-the-german-entrepreneur-of-the-year-co-founder-of-flix-which-now-owns-greyhound-gsa22-1c3681ebafac
Mentioned in this episode:
Startupraven.com
Startupraven.comThe best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
Join Our Next Program Batch - Starting February
Kickstart your entrepreneurial journey with our 100-day deep tech incubation program to rapidly validate your idea and secure your first fundingWhat is in for you?- We give you an unfair edge from day one- Get tailored guidance through hands-on coaching & masterclasses with experienced entrepreneurs and industry experts.- Leverage us as your technical co-founder and get hands-on product, design, and engineering support.- Access our excellent network of top-tier talent, experienced advisors, and industry partners.- Tap into up to €2 million of total investment in cash and in-kind services.Application is now open until January 16, 2023 and the next batch application deadline is coming up in summer 2023
Younium is the Subscription Management Hub for B2B SaaS Companies
Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more here https://www.younium.com/
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy
Executive SummaryFilip is a founding partner of Cherry Ventures, one of Germany’s most important seed investors. Their portfolio includes unicorns like Flixbus, Auto1 Group, Forto, Infarm, and well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist. Their portfolio also includes our former guests: Qualifyze, Sanity Group, and Rows. Filip has a background as an entrepreneur himself, so he and Cherry approach startup investing differently. Tune in to learn more about him and the VC.
“We have software helping us to find good startups, for example, if you are head of product at a good startup and change your title to ‘working on something new’ we get notified.”
Filip Dames, Founding Partner Cherry Ventures
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“I really believe an investor should be stage focused”
Filip Dames, Founding Partner Cherry Ventures
The FounderFilip Dames has had an accomplished career, starting out as an intern in Malaysia with DaimlerChrysler, at BCG, and Sony BMG in New York City. Following his venture into the corporate world, he then founded a collectible marketplace called Tamundo. There he went on to oversee the international expansion of Zalando and become the founder and CEO of Zalando Lounge (Zalando’s shopping club). The venture was a success, helping Zalando to go public in 2014. He decided to leave the company, making his 30th birthday also his Zalando farewell party.
From there Filip decided to venture off and focus on venture capital; so it came as no surprise when he started Cherry Ventures in 2013 in Berlin as business angel and startup investor. With tickets of 10.000–50.000€ they are dedicated to helping Germany, Europe, and beyond with investments for entrepreneurs wanting to make their visions reality.
“We invest almost exclusively in Europe”
Filip Dames, Founding Partner Cherry Ventures
Cherry VenturesCherry Ventures (https://www.cherry.vc/) is an early-stage venture capital fund founded and led by former entrepreneurs. They are focusing on European seed-stage companies in the B2B and B2C space. Cherry invests there at the pre-seed- and seed stage with initial tickets between €500k and €5M.
“Founders first and investors second” is the motto of Cherry Ventures
They started out with their first fund with their own money and the money of close friends, much less than 10 m €. From there they build a portfolio of 30 companies, of which some did really well. This in turn enabled them to raise an institutional fund, worth 150 m Euros. In the second fund, successful entrepreneurs from the first fund invested like the founder of Amorelie or the founders of Flixbus.
Their portfolio is already pretty impressive and includes names our frequent followers will recognize, unicorns like Flixbus, Auto1 Group, Forto, Infarm. But they are also investors in well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist.
Their portfolio also includes former guests, Qualifyze, Sanity Group, and Rows, for which you can find the interview link in the show notes.
Further Readings / Additional ResourcesQualifyze (audio only) https://player.captivate.fm/episode/220f49cc-2ef1-471a-bd5b-504d9235e892
Sanity Grouphttps://player.captivate.fm/episode/6c8572f9-ef9c-43c0-9bd1-3641a787a3bc
Rowshttps://player.captivate.fm/episode/9beec601-bfc6-4921-b1ec-05ca641d7959
Links and Show NotesFind all links and show notes here: https://medium.com/startuprad-io/meet-filip-one-of-germanys-most-successful-early-stage-vcs-cherry-ventures-gsa22-b344a9169b89
Mentioned in this episode:
Startupraven.com
Startupraven.comThe best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
Younium is the Subscription Management Hub for B2B SaaS Companies
Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more here https://www.younium.com/
Join Our Next Program Batch - Starting February
Kickstart your entrepreneurial journey with our 100-day deep tech incubation program to rapidly validate your idea and secure your first fundingWhat is in for you?- We give you an unfair edge from day one- Get tailored guidance through hands-on coaching & masterclasses with experienced entrepreneurs and industry experts.- Leverage us as your technical co-founder and get hands-on product, design, and engineering support.- Access our excellent network of top-tier talent, experienced advisors, and industry partners.- Tap into up to €2 million of total investment in cash and in-kind services.Application is now open until January 16, 2023 and the next batch application deadline is coming up in summer 2023
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy
Executive SummaryMilan graduated in 2022 from Highschool and is the founder of QiTech, a company that recycles bottle caps to create the plastic filament used in 3D printers. He was recently awarded the Newcomer of the Year at the German Startup Awards 2022. Milan has been working hard to grow QiTech into a successful business. In addition to selling the ink for 3d printers call filament, QiTech also sells the machines they use to produce the filament. This innovative approach to recycling has earned Milan recognition as an outstanding young entrepreneur. With his creative solution to the problem of plastic waste, Milan is positively impacting the environment and paving the way for a more sustainable future.
In plastic recycling you have to get down to the details, there is a lot of ‘greenwashing.’
Milan von dem Bussche, Founder QiTech
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“We produce (next to recycled filament) lab scale machines, where you can throw in the right kind of plastic on top and get 3d printing filament out at the end.”
Milan von dem Bussche, Founder QiTech
German Startup Awards 2022
This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022
You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.
“What we do is really recycling, not downcycling.”
Milan von dem Bussche, Founder QiTech
The FounderMilan is a young entrepreneur who is already making waves in the business world. In March 2022, he won the German Startup Award, and in the summer of the same year, he graduated from high school. Von dem Bussche started his career at the age of 16 with 3d printing phone cases. He soon realized that there was more potential in recycling phone cases and turning them into 3d printing filament. The filament is the ink of a plastic 3d printer; it is a type of plastic that is heated and then layered on to create a 3d shape. Von dem Bussche and his team soon recognized that the filament business held much more potential than the phone case business, so they pivoted their focus. Their hard work has paid off; today, their company is one of the leading producers of 3d printing filament in Germany. von dem Bussche is proof that with a great idea and a lot of determination, anyone can succeed. As of December 2022, the team has not taken in outside investors, but they funded their startup with award money and a government stipend.
The StartupMilan von dem Bussche is a young entrepreneur who founded the startup QiTech. The company started out by 3d printing cell phone cases but later realized that there was a much bigger market in recycling plastics to 3d printing filament. So they pivoted. After being asked to sell their machines for sorting and recycling, QiTech also offers these machines at a laboratory scale.
The recycling machines used by QiTech are able to sort and recycle plastics into 3d printing filament. This filament can then be used to produce various products, including cell phone cases. The recycling process is environmentally friendly and helps to reduce the production costs of 3d printed products. You can learn more here https://en.qitech.de/recycling
The Jarvis Machines are produced by QiTech. They are designed for industrial recycling applications. They are able to sort and recycle plastics. The machines have a high throughput rate and are capable of working on a laboratory scale. You can learn more here https://en.qitech.de/industries.
Venture Capital FundingQiTech is so far bootstrapped. They won prize money and are currently receiving a stipend from the German government, to help start off their company.
If you want to talk to them, reach out and we will connect you with Milan.
QiTech is Hiring for Both BusinessesHave a look at their website: https://en.qitech.de/team
All Links and Show NotesHere is our blog post: https://medium.com/@startuprad_io/qitech-recycles-plastic-waste-in-3d-printing-filament-gsa22-835963f87267
Topics Discussed in this InterviewIn this interview, we are talking about recycling, downcycling, plastic waste, 3d printing, industrial 3d printing, young entrepreneurs, entrepreneurship, German Startup Awards, best newcomer, newcomer award, german startup association, Rheinhessen, Oppenheim, Westhofen, Germany, machine building, recycling machines, startup, scaleup, bootstrapping, venture capital
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Executive SummaryUnternehmerTUM helps experienced entrepreneurs and students to start, accelerate or fundraise to build world-class companies including but not limited to Flix, Celonis, Blickfeld, Isar Aerospace, Konux, tado, e-bot7, ProGlove or Lilium. At the 2022 German Startup Awards, UnternehmerTUM won the Special Award for their work. Therefore we interview Stefan, its COO in our series with the German Startup Association, and learn more about him and their programs.
German Startup Awards 2022This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022
You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.
The Award WinnerThis time we have a very special case since the legal entity UnternehmerTUM won the German Startup Awards’ 2022 Special Award. UnternehmerTUM itself is attached to the Technical University of Munich (TUM). It is also one of the cradles of Munich’s world-class startup talent and a light tower in the education of entrepreneurs in Germany. We, therefore, talk to Stefan Drüssler.
Stefan , COO of UnternehmerTUM, is no stranger to entrepreneurism. As a past consultant with the Boston Consulting Group (BCG), he has advised startups and Fortune 500 companies alike on how to grow their businesses. But when he joined UnternehmerTUM 5 years ago, he found his true calling in helping entrepreneurs bring their startups to life.
Located in Munich, UnternehmerTUM is one of the world’s leading incubators and accelerators for startups. It is also a hub for entrepreneur education, providing programs and resources to help founders get their businesses off the ground. Recently, UnternehmerTUM was honored with the German Startup Awards’ 2022 Special Award. This recognition is a testament to the incredible work that Stefan and his colleagues are doing to support startup growth in Germany.
Looking to the future, Stefan is excited about the potential for UnternehmerTUM to continue supporting more founders as they turn their innovative ideas into successful businesses. With the right mix of resources and support, there’s no limit to what German startups can achieve.
The InstituteUnternehmerTUM was founded in 2002 by entrepreneur Susanne Klatten as a non-profit organization. With more than 50 high-growth technology start-ups each year and its unique offering, it is the leading center for innovation and business creation in Europe. It is an institute attached to the Technical University of Munich (TUM).
Mrs. Klatten was raised in a successful entrepreneurial family and her family owns jointly the controlling stake in BMW. The organization’s goal is to promote entrepreneurship among students and scientists, and it offers a variety of programs and resources to support entrepreneurs and its members. In addition to providing educational opportunities, UnternehmerTUM also offers mentorship and networking programs to help its members connect with potential investors and customers. As a result of its efforts, UnternehmerTUM has helped to launch numerous successful businesses.
UnternehmerTUM helps founders from the idea stage to financing, they are also involved in teaching entrepreneurship at TUM. They have more than 350 employees working on 20 independent programs, where they help with ideation, incubation, acceleration, and finally financing. They not only have programs addressing students of TU Munich but also programs that are open to every entrepreneur.
In the past, they worked in different stages with unicorns Celonis, and Flix, but also startups like Lilium (the flying taxi startup listed on NASDAQ) or Blickfeld, Isar Aerospace, Konux, tado, e-bot7, or ProGlove.
Mentioned Startups* We will publish an interview with one of the founders of Flix in December 2022. * Here is the interview with ProGlove from 2018 mentioned in the interview https://youtu.be/dE76h-bKTH0 * E-bot7 is also an alumnus of UnternehmerTUM https://medium.com/startuprad-io/munich-based-e-bot-7-was-acquired-for-more-than-50-m-us-eb6694e4d1d5
All Links and Show NotesHere is our blog post: https://medium.com/startuprad-io/unternehmertum-helps-entrepreneurs-to-start-world-class-companies-gsa22-beabccfc3ebc
Topics Discussed in this InterviewIn this interview, we are talking about startups, entrepreneurs, entrepreneurship, entrepreneur education, entrepreneur training, startup founding, startup incubation, startup acceleration, startup programs, TU Munich, TU München, Technische Universität München,
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Younium is the Subscription Management Hub for B2B SaaS Companies
Younium is the Subscription Management Hub for B2B SaaS Companies. Whether you’re looking to expand to new markets, experimenting with pricing models, or simply want a streamlined quote to cash process - Younium got your back. On top of that, Younium Insights provides the SaaS metrics you need for reporting to the board and for future company valuation. It gives you the key figures needed to drive your business forward and take strategic decisions. Learn more here https://www.younium.com/
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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.
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Top 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 employees
Gorillas 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.
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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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Executive SummaryJohanna Baare is the founder of Traceless Materials, a startup that produces compostable materials to replace plastic. She was recently awarded the German Startup Award for "Female Newcomer of the Year 2022." Congratulations, Johanna! The award is presented by the German Startup Association. Baare's company is just one of many startups fighting plastic pollution. It's estimated that 40% of today's plastic waste ends up in the environment. This has devastating consequences for wildlife and ecosystems. Traceless Materials' products will decompose in nature in two to ten weeks, without leaving any trace. Baare is one of many female entrepreneurs leading the charge against plastic pollution. We need more innovators like her to create a cleaner, greener future for us all.
German Startup Awards 2022This interview is in media partnership with the German startup association. Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories.
You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.
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The FounderJohanna Baare is the COO and co-founder of Traceless Materials, an innovative Hamburg-based startup company that specializes in sustainable and eco-friendly materials. She has a background in psychology, which comes in handy for her current role in hr and team building. She also holds an MBA from IE Business School. Before Traceless Materials, she was the COO of a Malmö-based startup where she gained valuable experience in the SaaS industry. Her experience in consulting and management has been invaluable in her current role. Under her leadership, Traceless Materials has become one of the leading companies in its field.
The StartupFounded in 2020 by two female entrepreneurs, Traceless is a startup that produces biomaterials to replace plastic. Johanna met her co-founder Anne at ProjectTogether in Berlin, which matches co-founders. The material is compostable, meaning it breaks down into natural substances in two to ten weeks without leaving any trace of microplastic. The company's mission is to reduce the environmental impact of plastic waste. In addition to being compostable, the biomaterial is also recyclable and biodegradable. Traceless is currently working on developing a variety of applications for their biomaterial, including packaging, food service items, and medical supplies. The company has already received funding from several venture capital firms and the European Union. With its innovative biomaterial and commitment to sustainability, Traceless is poised to make a significant impact in the fight against plastic pollution.
The team is looking to build a first industrial-scale plant approximately the size of one hectare (107,000 square feet). The next step would be to produce at an industrial scale where the team is looking right now to match the price of non-recycled, aka virgin plastic. The big advantage of their material is that traditional plastic producers can use their granulate in existing machines. This will significantly lower the costs for companies who want to produce sustainable plastic and could eventually lead to replacing a large percentage of traditional plastic with this new sustainable option.
Venture Capital FundingTraceless has raised 2,8 M US$ in funding, from 4 investors, including the European Innovation Council and HTGF (link interview CEO). Of these are 2,4 mn Euros from the EU. Right now Traceless is looking for investors to build a small scale...
The European Business Angel Network (EBAN) is an organization that brings together business angels from all over Europe. The aim of the organization is to provide a forum for business angels to share best practices and learn from each other. EBAN also offers training for new business angels who want to get involved in startup investing. The organization held one of its two annual conferences in Brussels recently, bringing together business angel investors from all over the continent. This year’s conference was particularly important, as it provided a much-needed opportunity for startup founders to connect with potential investors. With the COVID-19 pandemic causing economic uncertainty, many startups are struggling to secure funding. The conference offered a unique opportunity for startups to pitch their businesses to a large group of potential investors. EBAN director Jacopo Losso spoke about the importance of business angels in the current climate, saying “business angels are more important than ever in these challenging times.”Losso went on to say that business angels “provide the seed funding that is essential for many startups.” The conference was a valuable opportunity for startup founders to meet with potential investors and get their businesses off the ground.
For this event more than 300 seed-stage startups applied, of which they have chosen 25 for the event. The event we attended took place in Brussels. We focused on startups from Germany and made short interviews with them on-site. If you want one or more of these startups back for a full interview, let us know in the comments or via email. The event was a great opportunity to network and exchange ideas with other startup founders, business angels, and VC investors from all across Europe. We also got insights into the early-stage startup scene across the continent and had the chance to listen to some great startup pitches. All in all, it was a very inspiring event that definitely left us wanting more. The next event will take place in Athens, Greece in April 2023. You can apply for the event via the EBAN website: https://www.eban.org/
This episode also kicks off our hot fall, where we have two episodes each week, until Christmas. We will finish the year with our annual fintech review on December 25th and be back for you on January 19th 2023.
Our Enablers Hessen Trade and Invest Hessen Trade and Invest is the enabler of some of the most important interviews that have been conducted for this website. Without their brand, Invest-in-Hessen.com, none of these would have been possible. These interviews would not have been possible without Hessen Trade and Invest’s willingness to help facilitate my travel and connect me with startups in their network.
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 Episode 00:00 Introduction00:16 Welcome by Joe01:46 Jacopo Losso — Managing Director of the European Business Angel Network 07:28 Philo Boras — CEO and Co-Founder Aurora Life Sciences 11:36 Nauman Basit — Founder, CEO and CTO of racksnet 16:58 Pascal Schmitt — CEO Voxel Sound 20:35 Stephane Ruiz — European...
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
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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...
Executive Summary The industrial ai startup Tvarit is focused on optimizing the process of casting metals. This process is abundant for parts in robots, cars, all kinds of machines, and heavy equipment. With their approach they help their clients save up to 18% of their energy bill, increase production quality and lower the wastage of the process. Tvarit has raised almost 3 million in funding since our 2019 interview and is looking for Series A funding. Suhas founded 17 startups prior to Tvarit, with this being startup №18, for which he sees the potential to become a unicorn. We’re excited to see how Tvarit will develop industrial ai further and help factories across the world save money and produce better quality products.
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Our Enablers Our Sponsor 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/
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
The Founder Suhas is a serial entrepreneur who has founded 18 startups, including his last one Tvarit in Frankfurt. Tvarit is an industry 4.0 AI startup that Startuprad.io has been following since 2019. Suhas is an engineer by training (ISEP in Paris). Suhas has worked for more than 12 years for Qualcoom and other companies before becoming an entrepreneur. He has been (co)founding industrial companies and startups in Europe and India already in the past, so this is nothing new for him.
In this interview we focus more on the development of Tvarit, for everyone who likes to learn more, we will also link the October 2019 interview in our blog post.
The Startup As industry 4.0 and the industrial internet of things (IIoT) continue to evolve, so too does the potential for artificial intelligence (AI) in manufacturing. Manufacturers are already using AI-powered robots for tasks like welding and fabricating, and the technology is quickly being adopted across the industrial sector. One area where AI is making a big impact is in metal casting. By analyzing data from the casting process, Tvarit can help to optimize production and improve quality control. As a result, factories that adopt AI-powered metal casting solutions are able to produce parts more efficiently and with fewer defects and less energy. Tvarit is one company that is leading the way in this area, and its industrial AI software is helping manufacturers around the world to improve their operations.
All Links and Show Notes Here is our blog post: https://medium.com/@startuprad_io/tvarit-has-an-industrial-ai-that-brings-real-change-to-metal-casting-4bba280bbafc
Topics Discussed in this Interview In this interview we are talking about metal casting, metal casting parts, industry 4.0, industrie 4.0, industrial internet of things, ai, artificial intelligence, manufacturing,...
Executive Summary Berlin-based green startup Trilleco is on a mission to help businesses analyze and manage their environmental impact, with their industrial IoT data platform. The startup's non-code data platform makes it easy for companies to see how they can reduce their carbon footprint and make positive changes for the environment. Female co-founder Miriam Janke is passionate about helping businesses operate in a more sustainable way and contribute to the goal of limiting global warming. In addition to reducing greenhouse gas emissions, Trilleco is also working towards a circular economy where resources are reused instead of being thrown away. Through its innovative platform, Trilleco is helping businesses make meaningful progress towards a more sustainable future.
This interview is part of our female entrepreneurship track, where Joe is sick leave cover for Johanna.
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The Founder Miriam Janke (https://www.linkedin.com/in/miriam-janke/) is an inspiring young female founder who has co-founded green startup trilleco to work on a better future. She is currently with her startup in the Paris TechStars accelerator, where she is working on developing her green business goals. Miriam is a TEDx speaker on environmental protection and has spoken widely about the need for more female entrepreneurs in the green business space. Her work with trilleco is helping to make the world a cleaner and more sustainable place, and she is an inspiration to other young women who are looking to make a difference in the world. We can all learn from Miriam's example and be inspired by her commitment to making a difference.
The Startup Trilleco (https://www.trilleco.com/) is a green startup based in Berlin that has developed a data platform to help industry 4.0 become more sustainable. The platform makes data from the company accessible and makes the environmental impact visible to enable the company to manage it. The company's goal is to help reduce the environmental impact of industrial IoT by making it easier for companies to adopt green practices. Trilleco is one of the first companies to offer a no-code data platform that makes it easy for companies to get started with green practices. The company has ion the EIT Manufacturing program and is currently part of the TechStars Accelerator in Paris.
Trilleco is Hiring They have offices in Finnland, Germany and Spain. They also operate in Austria, Switzerland and Italy. You can learn more about them here: https://www.trilleco.com/careers
...
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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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
Top News Berlin’s Everphone extends Series C to $232M Everphone started with their first fundraising for Series C in December 2021 and now make an additional closing of 32 mn Euros, which totals — according to PitchBook 232 m US$ Series C for their device-as-a-service model
Crypto Boom is slowing European crypto app downloads have almost halved from 2021 amongst the biggest drops are Blockchain.com and unicorn Bitpanda.
Sifted writes “Beleaguered Austrian crypto trading platform Bitpanda saw a 65% decrease in app downloads from 563k in H1 2021 to 197k in H1 2022. In June, the company laid off a third of its employees, admitting that it had hired too fast and needed to cut back expenditure amid the crypto market rout.” VCs keep an eye on their investments and the app downloads are a proxy for growth here for them.
Insolvencies hit household names Yes, they are not startups, but it gives you a great overview of the current environment, also for the startups
- Automotive supplier Dr. Schneider has to file for insolvency with 4000 people employed there
- Shoe retailer Ludwig Görtz is a staple in German shopping streets founded in 1875 with their big stores and 1.800 employees, now they have to file for insolvency
- German toilet paper producer Hakle is a household staple in Germany. Now they have to file for insolvency, due to high costs of raw materials, energy, and transportation
- Traditional Austrian lighting company Kolarz, founded in 1918, has to file for insolvency
Podcast monetization is getting serious with international involvement Lots of mergers in monetizing podcasts, the first Julep from Munich was bought by Libsyn and now London-based Auddy buys Vienna-based Audiomy
More firings :-( Keep in mind here, that most startups are likely not in financial trouble, but they rather try to extend the money they have already raised. The consensus seems to be cutting 15–20% of the workforce for most startups.
- Berlin-based escooter company Tier fires...
Executive Summary COMPREDICT is a Darmstadt, Germany-based deep tech startup, offering virtual sensors for cars. They already convinced Michelin and Blackberry to invest, so we thought it would be about time to catch up with the team around Rafael.
Virtual sensors in a car take data from physical sensors and fuse them to generate additional measurements.Rafael Fietzek, MD and Co-Founder COMPREDICT
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A normal car has four physical wheel speed sensors to measure each wheel. With us, you need only two physical sensors and save money.Rafael Fietzek, MD and Co-Founder COMPREDICT
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Blog Post with Links and Show Notes Find it here: https://medium.com/@startuprad_io/meet-compredict-the-startup-where-blackberry-and-michelin-invested-15b6f4aa6c70
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Our Highlights Startups in GSA did better than expected. We had a few insolvency filings, but also amazing fundraisings like Celonis 1 bn US$ combination of equity and debt funding. Insuftech Wefox raises 400 m. One can already see the signs of a downturn, M&A activity going up, as well as the news about insolvencies or job cuts/ hiring freezes. But — according to a Bikcom survey — 8 out of 10 startups are still hiring. Deal time our recent guest Qonto buys former guest Penta and there was more in a B2B neobank deal week. Even Allianz had to learn, that one can not buy fintech success and there is more news on Wirecard.
We will also bombard you with funding data on Germany, Austria, and Switzerland, as well as global numbers. Keep in mind you can read all our news on our blog https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-summer-2022-wrap-up-603e2c1939ae
Top News Celonis Secures 1 bn US$ Funding Celonis remains a success story with a 400 million Series D extension and a 600 mn US$ credit facility, at a valuation of nearly 13 bn US$. They are cementing their spot as Germany’s most valuable startup as well as its only decacorn. They do process mining and help to identify unrealized efficiencies. Right now, they’re helping with supply chain issues, for example.
Despite Market Conditions, WeFox Closes 400 m US$ Funding Wefox, the Berlin-based insurtech, closes USD 400 million Series D round at 4.5 bn Dollar valuation
One Former Guest Has to File for Insolvency * German crypto startup Nuri had a streak of bad luck. First, they announce to cut almost 20% of their headcount, then millions of their client’s money is frozen with Celsius and now a blog claimed it all hit during fundraising * Eventually followed by an insolvency filing https://medium.com/startuprad-io/berlin-based-crypto-bank-nuri-formerly-known-as-bitwala-with-500-000-b4953e15dbfa * Berlin-based crypto neoborker Nuri had to file for insolvency. Now the insolvency administrator says there are parties interested in buying the company
Neobrokers Facing Headwinds * Neobrokers close to the edge: No good news from the SEC report on the poster child of all neo-brokers. Unfortunately, there is no report for Germany mentioning e.g. Trade Republic * Robinhood almost imploded during GameStop meme stock chaos — TechCrunch * Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood — BloombergWhat does this mean for BitPanda, Trade Republic, Scalable Capital, and N26? Do they also need to look for a strategic buyer rather than an IPO?
B2B Neobanks Had a pretty big Deal Week
Qonto Announces Plan to Acquire Penta https://buff.ly/3zwPCI3 as we have predicted two weeks before https://buff.ly/3zxUSeH we have extensive coverage of Penta from the past linked in the article, as well as an interview with Qonto’s head of Germany. Also Kontist was selling itself at a pretty hefty discount https://buff.ly/3c9pmuF
Viability of Quick Delivery Business Model still Questioned
- After only one year: Gorillas is closing shop in Belgium. Efarmz is taking over parts
- Gorillas wants to save itself with advertising from consumers and food giants of the world, the producer of the products they are delivering every day
- More signs of the current economic environment for startups: Munich-based quick delivery startup arive delivers tech gadgets and lifestyle products. They just had...
Starwars fans may remember that death star was destroyed due to a data leak.Mirko Ross, Founder and CEO ASVIN, Podcaster Hackwerk
Executive Summary We interview Mirko, CEO of Asvin a cybersecurity startup. During the interview, we touch on data leaks in Star Wars, vulnerabilities in IoT, IoT devices, software, supply chains, distributed systems, and even in space (think cube satellites). ASVIN provides many tools to uncover and fix these vulnerabilities. Mirko is also a cybersecurity podcaster at Hackwerk, which you can also hear on our internet radio station www.startup.radio.
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Botnet operators can take over millions of devices by simply scanning the internet and following up with a brute force attack.Mirko Ross, Founder and CEO ASVIN, Podcaster Hackwerk
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Find all Links and Show Notes on our Blog https://medium.com/@startuprad_io/asvin-provides-cybersecurity-for-the-internet-of-things-b035203b70f
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Executive Summary Instigo is a multi-platform marketing tool, based in Vienna. Dror has been a marketing manager, working across multiple platforms. With this experience, he set out to create a platform that allows advertising frictionless, with consistent data across as many platforms as possible. They already made the first steps and convinced the first investors.
Managing marketing platforms across 6–7 platforms is very challenging. … We wanted to create a growth marketing tool for marketeers like us.Dror Hasman, Co-Founder
Find all the links and show notes here: https://medium.com/@startuprad_io/instigo-started-on-its-way-to-be-the-one-ads-platform-to-rule-them-all-5228649504e5
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Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in June 2022 by Startuprad.io. My co-host is again Chris from New York. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner station IBGR.Network.
We recorded this new episode on Monday, June 27th, 2022. Keep in mind, that we will have a summer break and be back for you with another news episode on Labor Day, which is September 5th, 2022. In this episode, we will wrap up July, and August.
As always: All news not yet included here will be published in our next news episode in September.
We will also slightly change our publication schedule for this July and August, mostly going to one publication every two weeks. You can keep up to date with our Google Calendar for all publications.
Our highlights: Startups in GSA also shedding headcount, including unicorns that recently raised money. All signs point towards them extending their runway, expecting a recession. Some startups face a challenging fundraising environment, but others like WeFox want to almost double their valuations. Also, Personio and Trade Republic raise additional funds.
In our “stay ahead of the curve” section, we have a lot of articles an entrepreneur should read to prepare for the potential downturn.
German economic minister Habeck is unveiling his new startup strategy, considering even a minimum investment in VC Funds for German insurers and pension funds.
The fast delivery startups seem to hit a wall and even formerly mighty Gorillas now explores strategic options.
Let’s talk startups: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-june-2022-2651b2b64fe
This podcast uses the following third-party services for analysis:
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Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in May 2022 by Startuprad.io — in a news recording with Christian Fahrenbach from New York City and Jörn Menninger, from Frankfurt. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner IBGR.Network.
We recorded this news episode on Thursday, May 19th, 2022. The next news will go live on June 30th. Keep in mind, that we will have a summer break afterward and be back for you with another news episode on Labor Day September 5th, 2022. In this episode, we will wrap up July, and August.
As always: All news not yet included here will be published in our next news episode in June.
We will also slightly change our publication schedule in the summer — as we have done before. For July and August, we will only post a new episode every other week (July 14th, 28th, and August 11th, as well as August 25th). We will be back to normal at the start of September.
We also partner with Artic 15 you get a discount with our code in the show notes at www.medium.com/startuprad-io
- Artic15 startupradio
Our Highlights: We can proudly announce unicorn No 29 Taxfix, No 30 Onefootball and on the downside, RaisinDS loses its unicorn valuation. Really bad news for car sharing: BMW and Mercedes pull the plug on their joint venture. Our 2018 guest ProGlove is sold in a 500 m € deal (525 m US$) and Orderbird is sold in a 100 m € deal (105 m US$). Other unicorns are currently on the hunt for new capital and feel the heat of the current funding environment.
Let’s talk startups:
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 This is Tech StartUps Germany by Startuprad.io, a global top 125 Tech Podcast. You will find interviews with all sorts…techstartups.sounder.fm
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Startup Raven Welcome! We know the time-consuming process of approaching investors and companies can be tedious, so we do it for you…startupraven.com
Find all news and show notes here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2022-de23cf4942e3
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy
Welcome to This Month in GSA Startups in April 2022 by Startuprad.io — in a news recording with Christian Fahrenbach ”Chris” from New York City today and me Jörn Menninger “Joe”, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, the blog Fundscene, and our partner IBGR.Network.
We recorded this new episode on Monday, April 25th, 2022. The next news will go live on the 26th of May, the day we celebrate fathers day in Germany. For this reason, we have at this date two publications: the news and an episode on men’s health.
As always: All news not yet included here will be published in our next news episode.
We also partner with the EU-Startups Summit and Artic 15 you get a discount at both events with our codes in the show notes www.medium.com/startuprad-io. You can meet Joe in person in Barcelona at the EU Startups Summit on May 12th and 13th.
The discount codes are:
- EU Startups STARTUPRADIO20
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Our highlights: Despite slightly declining global VC investments GSA still generates Unicorns. This time we welcomed Grover and Choco officially into the league. Swiss Beqom is not confirmed, but also a massive investment. Apple and Porsche are rumored to work together on joint projects. Gorillas is looking for funding again, after raising a billion US$ (850 m Euros) in September 2021. Germany’s second most valuable fintech Mambu had to publish numbers. The corona patron registration app Luca first boomed during the lockdown, then their data protection was questioned, now they pivot to a fintech with the backing of investors including the Wefox founder.
Let’s talk startups:
Find all the links and show notes on our blog www.medium.com/startuprad-io
CO2 is a very clean way to produce biopolymers.Fabiana Fantinel, MD and Founder CO2BioClean
This is our first in-person interview since the breakout of the corona pandemic in early 2020, made possible by Hessen Trade and Invest with their brand Invest-In-Hessen.com.
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We start with CO2 and at the end of our process … there are polymers that can be used like plastics.Fabiana Fantinel, MD and Founder CO2BioClean
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
When you have something biodegradable, it will be lasting less than 6 months in the water.Fabiana Fantinel, MD and Founder CO2BioClean
Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
The Founder We interview Fabiana Fantinel (https://www.linkedin.com/in/fabiana-fantinel-33a24110/), an Italian, who founded her company CO2Bioclean (https://co2bioclean.com/) in Frankfurt. She has a Ph.D. in Chemistry and her Post-Doc at the Max Planck Institute brought her to Germany. She also holds an MBA.
Our process is already patented. … currently, our efforts are in working on the scalabilityFabiana Fantinel, MD and Founder CO2BioClean
The Startup The startup CO2Bioclean is a green startup. They use CO2 to turn it into polymers that can be used like plastics but are biodegradable. The startup just received EU funding to start a small-scale plant to improve its patented process and work on its scalability.
Our material will last less than one year in the environment.Fabiana Fantinel, MD and Founder CO2BioClean
Venture Capital Funding Received 6.6 mn Euros in total from European Innovation Council (EIC) Accelerator https://www.deutsche-boerse-cash-market.com/dbcm-de/newsroom/fokus-news-list/EU-Accelerator-f-rdert-drei-Bio-konomie-Start-ups-2914060 They will use the funding to start a first production facility to demonstrate the technology at industrial scale.
There will be additional funding round to start the production at an industrial stage, likely starting in 2023.
There is no microplastic from our material lasting for years in the ocean.Fabiana Fantinel, MD and Founder CO2BioClean
Find all links and show notes on our blog www.medium.com/startuprad-io
Welcome to This Month in German, Swiss and Austrian (GSA) Startups in March 2022 by Startuprad.io — in a news recording with Chris — not from New York City today and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio and our partner IBGR.Network.
We recorded this new episode on Monday, March 21st, 2022. The recording is one week earlier than usual, due to the travel schedules of Chris and me.
As always: All news not yet included here will be published in our next news episode.
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: 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: https://startupraven.com/
Our highlights:
We have the 100 most influential women in startup and venture capital in Europe. There are two new unicorns to announce in GSA. Unicorn Personio set up a charity fund and Germany’s largest fintech exit (at approx 1 bn US$) is in the making. We have an exclusive interview with the CEO in charge for almost 40 minutes from July 2021. We try to touch on the Russian invasion in Ukraine as lightly as possible, only when it impacts the GSA startup scene since you get more than enough news about this tragedy on ANY OTHER outlet. Please note that this does not mean we don’t care, but it is not our area of coverage. We are also talking about delivery startups and again Wirecard. Not surprisingly, Wirecard will keep the German courts busy for years to come.
Let’s talk startups:
Find all links and show notes here: https://medium.com/startuprad-io
People talk today about the crypto winter, but I went through the time after the Dotcom Bubble burst and there are a lot of similarities here. Wolfgang Männel, Blockchain Investor
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A few years ago, I was attracted by the opportunities the blockchain offers. Wolfgang Männel, Blockchain Investor
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As a blockchain investor I am currently looking at … 1) Everything that is happening in the DeFi space, especially the new ways of money transfer. 2) The Gaming Sector. It is a market with 3 bn people 3) Metaverse… it maybe a big failure or a big success. There is a fair chance it becomes huge 4) IoT security. For example, a car currently has more than 200 IoT devices. 5) The whole world of financial services, including insurance. Just look at the back offices of asset managers.
Wolfgang Männel, Blockchain Investor
The Investor Wolfgang Männel (https://www.linkedin.com/in/wolfgang-maennel/) has been working for 30+ years. He was born and raised in Franconia (https://en.wikipedia.org/wiki/Franconia), close to Nürnberg in Germany. Wolfgang started out in sales, started an agency and joined a consultancy (today Capgemini Invent). Surprisingly he had also a stint at a radio station, focused on classical music called Klassik Radio (https://www.klassikradio.de/). Klassik Radio is also the only public listed radio station in Germany. In between he was also an investor with 3i Group, at the time active in venture capital and private equity. He has also been an investor in turn-around cases during the subprime crisis.
If you have seen many crises before, you know how to react. I remember the 1987 Russian crisis, the Dotcom Crash, and more. … It was always followed by a long phase where it as difficult for startups to get any kind of financing. It took years to recover … but the only way after all the crisis was up. The valuations always went up after the recovery Wolfgang Männel, Blockchain Investor
He is the co-founder (senior partner) of Blockchain Founders Group BFG, a company builder and venture capital investor. You can apply here: https://www.f6s.com/ look for block rocket.
We are looking to be the first or second money in, even pre-revenue. Most companies we invest in have an MVP. Wolfgang Männel, Blockchain Investor
Further Readings / Additional Resources · 1987 Dissolution of the Soviet Union: https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Union
· Dot-com bubble https://en.wikipedia.org/wiki/Dot-com_bubble
· Sub-Prime Mortgage Crisis https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
· Here is the personality test 16 personalities: https://www.16personalities.com/
I turned to turn-around investing at the time of the sub-prime crisis. Wolfgang Männel, Blockchain Investor
Feedback Reach 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
"We buy the on-site data from a good auditor and re-sell the data to other customers of this supplier."David Schneider, CEO and Co-Founder Qualifyze
Our Enabler 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: https://techstartups.sounder.fm/
"I approached the company for an investment, and they sent me the chief of staff to vet the company. Over a few beers he decided to join me as co-founder, but the company never invested."David Schneider, CEO and Co-Founder Qualifyze
The Founder This time our guest is David Schneider (https://www.linkedin.com/in/%F0%9F%87%BA%F0%9F%87%A6dr-david-schneider-1100a066/), Founder and CEO of Frankfurt-based Qualifyze (https://www.qualifyze.com/), a startup that helps in the chemical and pharma industry with audits. David did see a lot of places while studying in the Netherlands (Maastricht, Rotterdam), National University of Singapore and Università Bocconi in Italy. He was also and intern with JP Morgan in investment banking in London, Rothschild in Frankfurt, or BASF in Ludwigshafen. Before starting his own company, he was working as a consultant for more than 3 years. He tried to attract investment from a steel trading company, and he convinced the person the company sent to become his co-founder.
The Startup Qualifyze (https://www.qualifyze.com/) started out as a marketplace for commodity chemical products, called ChemSquare in 2017. They soon realized that in the chemical and pharma industry the required suppliers’ audits are a big hassle and they pivoted to help their clients with digitizing them. These audits are essential for supply chains in the chemical and pharma industry, where faulty ingredients can lead to deaths or damage to equipment or nature.
"We decided to get the supplier qualification on our platform to make the chemical platform work and it turned into a new business model." David Schneider, CEO and Co-Founder Qualifyze
Venture Capital Funding They raised a Series A funding round, led by HV Capital of 14 mn US$, which was disclosed in November 2021.
Welcome to This Month in GSA Startups - meaning Germany, Austria and Switzerland, for February 2022 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in syndication with our very own station www.startup.radio, our partner station IBGR.Network and the Fundscene blog.
We recorded this new episode on Tuesday, February 22nd, 2022. Today we bring you everything from a new Switzerland-based unicorn to a new take on quick delivery - pardon the pun.
We start out with mega-deal in Gaming: ESL Gaming is sold for 1bn US$, Munich-based Fintechsystems is sold for 120 mn € and Aachen-based Next Ego may accomplish THE turnaround of the whole year, coming out of insolvency, they are looking to list via SPAC, valued at 1.5 bn €. Switzerland has a new unicorn, congratulations to Scandit, Gorillas wants to buy a french competitor and is thinking about a SPAC deal. Also, we have a large update on neobanks in Germany, and they are not all doing well.
Let's talk startups:
https://medium.com/@startuprad_io/this-month-in-gsa-startups-february-2022-44520c52b1eb
A Joint Audio-Only Podcast This is the first joint radio program and podcast of IBGR and the Startuprad.io podcast with its radio program Startup.Radio. You may know that IBGR and Startup.Radio are syndication partner, almost from the start of Startup.Radio. I, therefore, welcome William Eastman, founder of the IBGR Network, everybody calls Bill.
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What we have learned Today we bring you insights from Atomico’s State of European Tech 2021 - an annual survey of startups all over Europe taking place annually since 2015. This survey may be the most comprehensive, repeated overview of the European startup and tech scene. This survey is a joint endeavor by Atomico, a London-based VC and PE fund, as well as the annual Slush tech festival in Helsinki, Finland. And, guys, you know a tech festival has to be good, if it can lure people to the freezing cold Helsinki in December. They also add data from providers like S&P and Dealroom in the mix. Startuprad.io had Dealrooms Founder in an interview btw.
This is just a start This is just a starting point for you to discover the whole report on your own. It spans more than 350 pages, so we can not give you all the information here. The bottom line is … I would say: The whole continental ecosystem all over Europe has been lacking behind the US and China for quite some time. It looks like they have started to catch up in a big way, despite corona. We see this in increases in the number of investors, startups, fundings (number and size), and the increase in the uni/decacorn herds. The authors see a potential for the whole ecosystem that is now worth 3 Trillion US$ to be worth 24 Trillion US$ in 2030.
Learn More here: https://www.startuprad.io/blog/what-we-have-learned-from-atomicos-state-of-european-tech-survey-audio-only/
Feedback is always welcome: Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” Google Form for Feedback
We focus on everything, besides the large solar parks, which is actually 99% of the overall market. Johannes Burgard, Founder and CEO of SOLYTIC
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The inefficiencies of small solar installations … kind of smacked me in the face. Johannes Burgard, Founder and CEO of SOLYTIC
The Founder
We talk to Johannes Burgard (https://www.linkedin.com/in/johannesburgard/), CEO and Founder of Berlin-based SaaS startup SOLYTIC (https://www.solytic.com/). Johannes started out with studying engineering, with stints in Chile and London. After graduation he worked at Airbus, did an MBA and then started out with his entrepreneurial journey. Johannes had his first contact with solar cells during his graduate studies, which really did not let him go afterwards. He worked in a large corporate in project efficiency, which made him aware of all the inefficiencies in small solar installations. To help the small solar owner he decided to found SOLYTIC.
We analyze the performance and efficiency of small solar installations with our analytics software. Johannes Burgard, Founder and CEO of SOLYTIC
The Startup
SOLYTIC (https://www.solytic.com/) is a software-only company. They provide analytics services to small PV installation owners as Software as a Service, to improve effiency. The company merged early on with another solar software company, which lead to five founders in total.
Solytic focuses on decentralized solar installations (everything except large solar parks).
We want to provide an end-to-end solution. We offer a marketplace with suppliers connected to the analytics software. Johannes Burgard, Founder and CEO of SOLYTIC
Venture Capital Funding
Solytic has already raised 6,5 mn Euros Venture Capital. They closed their first round in December 2017. They closed their Series A funding in February 2020. At the time of the interview Solytic is fundraising and they intend to close the round at the end of Q1 2022.
We work B2B. We don’t approach customers directly, but we are working with the service providers of the small installation owners. Johannes Burgard, Founder and CEO of SOLYTIC
This Month in German Startups - January 2022
Happy New Year guys! Welcome to This Month in German Startups in January 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio and our partner IBGR.Network.
We recorded this new episode on Monday, January 24th, 2022. All news not yet included here will be published in our next news episode. There will also be a special episode on Atomico’s State of European Tech 2021 together with Bill, the founder of the IBGR Network, as an audio-only podcast.
This is a new year with 365 blank new pages, so let's write the best story possible.
Our highlights: The last year was amazing for the German startup scene, there are now officially 25 unicorns and we feel that there will be more. 60 mn for sunfire from the federal government, Go Student’s tutors and students start to critique the company, Tado is looking to IPO via a SPAC. Also Cherry Ventures had been good in snatching up stakes in unicorns early. Now Cherry raises their 4th fund.
Let's talk startups:
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Startuprad.io is globally a Top 75 Science Podcast, Top 125 Tech Podcast, and Top 650 Business Podcast (Chartable.com)
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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: https://anchor.fm/techstartupsgermany
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All show notes and news links are here: https://www.startuprad.io/blog/this-month-in-german-startups-germany-austria-switzerland-january-2022/
We try to do for books, what Spotify is doing for music and Netflix is doing for movies: A personalized recommendation. Ben Kohz, COO and Co-Founder READ-O
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There are over 70.000 newly released books in Germany alone each year. How can you find the next book to read? Ben Kohz, COO and Co-Founder READ-O
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There were years in my life – around the Harry Potter time – I read a lot of books. I stopped because I could not find more books to read. Ben Kohz, COO and Co-Founder READ-O
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We assume there are more than one million reviews for Harry Potter and the Philosopher's Stone (Book 1) alone. Ben Kohz, COO and Co-Founder READ-O
Partnership with CONTENTshift
This interview is in association with CONTENTshift, the accelerator program of the Association of the German Book Publishers & Booksellers. You can learn more here https://www.contentshift.de/. The winners are announced during the Frankfurt Book Fair each year https://www.buchmesse.de/en. The accelerator program aims to push the boundaries of publishing.
The next application phase is just around the corner. Have a look: https://www.contentshift.de/en/contentshift/news/two-startups-share-first-prize-at-contentshift-2021-congratulations-to-bottalk-and-read-o
We tried to find out, why do you read? … You want to feel emotions. … So, we want to find out which emotions are stimulated by which books. That is why we came up with an emotional profile. Ben Kohz, COO and Co-Founder READ-O
The founder
We interview Ben Kohz COO (https://www.linkedin.com/in/ben-kohz-547024137/) and Co-Founder of READ-O (https://read-o.com/), one of the two winners of the 2021 CONTENTshift accelerator program. Ben studied political sciences but ended up in the food industry after graduation. He started to put up vending machines for farm produce in Munich.
We are currently working in German, but our AI can analyze more languages. Ben Kohz, COO and Co-Founder READ-O
The Startup
The startup READ-O (https://read-o.com/) is an app, that allows you to discover new books, based on administration. The app does this by applying AI. The AI of READ-O deduces an emotional profile of a book from the reviews on the internet. With their technology, they can establish a profile with even 10 reviews.
Each review for us has the same value, from a normal person or the New York Times. Ben Kohz, COO and Co-Founder READ-O
Venture Capital FundingREAD-O is currently raising close to 1 mn US$ in new funding. Half is already committed. They want to finish fundraising end of March.
Our AI analyzes the reviews and the contained emotions. Ben Kohz, COO and Co-Founder READ-O
"If you can order a pizza with an AI bot, … you should also be able to order the analysis of a company with an AI bot." Pavol Sikula, Founder and CEO AskBrian.ai
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"The first skill was actually “AskBrian, tell me a joke”" Pavol Sikula, Founder and CEO AskBrian.ai
Our Cooperation with the German AI Association (KI Bundesverband)
This is the first interview in our series with the KI Bundesverband (https://ki-verband.de/en/), Germany’s association for artificial intelligence. The association has 350 members consisting of startups, experts, and corporates. KI Bundesverband is therefore one of Germany’s largest associations dedicated to AI, with members from AgTech, Fintech, BioTech, Cybersecurity, Manufacturing, Logistics, and many more fields of business. In the interview series, we will have members of the association giving you a glimpse in what is going on in AI in Germany.
The Founder
Our interview guest this week is Pavol (https://www.linkedin.com/in/pavol-sikula/), CEO and Founder of AskBrian (https://www.askbrian.ai/) a virtual AI assistant for professionals. The idea of AskBrian stems from Pavol’s background in management consulting, where he spent more than a decade with Roland Berger and Stern Steward & Co, in restructuring. In his spare time, Pavol is also a kid’s soccer coach.
"All of our data is securely hosted, GDPR compliant, in Germany." Pavol Sikula, Founder and CEO AskBrian.ai
The Startup
AskBrian is the AI assistant for busy professionals like management consultants or investment bankers. It helps by automating everyday tasks like listed and private company profiles, translations in multiple languages, making PowerPoint more attractive, and converting documents e.g. PDFs and Pictures to the format of your choice e.g. Word.
- https://www.linkedin.com/company/askbrian-gmbh/
- https://www.askbrian.ai/
- https://www.crunchbase.com/organization/askbrian/
Venture Capital Funding
AskBrian closed already two funding rounds, for undisclosed amounts. They intend to raise another funding round in Q1 2022.
Original Post
Find all links and show notes on the original post here: https://www.startuprad.io/blog/askbrian-is-the-digital-assistant-all-busy-professionals-need/
HoHoHo Welcome to This Month in German Startups in December 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.
We recorded this new episode on Monday, December 20th. All news not included here will be published in our next news episode. There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. Happy Holidays!
We are not there yet, so let's get started:
Today we bring you another new unicorn, a monster funding of 266 mn US$ at Mambu, Volocopter calls off its SPAC IPO and gets a backlash from its early crowd investors, also Jokr is now the 3rd quick delivery unicorn - in record time - and we have an update on Sono Motors. We also take a look at the State of European Tech survey by Atomico and several news pieces on the German Venture Capital Market, as well as VC in general.
Let's talk startups:
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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: https://anchor.fm/techstartupsgermany
Startupraven
The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here: https://startupraven.com/
Find all links and extensive show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-december-2021/
Send in a voice message: https://anchor.fm/deeptechgermany/message
“To accelerate our growth, we need to buy companies” Pascal Lauria, founder and CEO Cogia
Our Sponsor 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: https://anchor.fm/techstartupsgermany
“My goal is 10 mn Euros revenue. To reach this we need to keep buying [companies]” Pascal Lauria, founder and CEO Cogia The Founder
Pascal Lauria (https://www.linkedin.com/in/pascallauria/) has a very diverse background, raised in the Rhine-Main-Area his studies took him to Canada. He later worked in Taiwan, Silicon Alley (New York’s startup hub) and in Silicon Valley. He took his experience to go back to Frankfurt and set up Cogia there (https://www.cogia.de/?locale=en_us).
“Acquisitions are not always successful. We are very aware of that. We are working on it. For example, in our last acquisitions, we did not lose even one employee.” Pascal Lauria, founder and CEO Cogia
The Startup
Cogia Intelligence (https://www.cogia.de/?locale=en_us) is a big data, ai startup. It provides in its current setup innovative products and solutions in the areas of web and social media monitoring, market research, and open-source intelligence. The company Cogia GmbH is the startup, the company Cogia AG is the listed entity. Pascal started Cogia in 2010 but listed Cogia AG only in 2021 in Düsseldorf. Then the two entities merged and so Cogia GmbH got listed. You can learn more about the listed entity here: https://cogia.ag/de/investor-relations/
“With the access to capital markets I want to do one to two acquisitions per year.” Pascal Lauria, founder and CEO Cogia
Find all links and show notes here: https://www.startuprad.io/blog/cogia-just-ipoed-and-wants-to-use-the-access-to-capital-to-drive-market-consolidation/
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Welcome to This Month in German Startups in November 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.
We recorded this new episode on Friday, November 19th. All news not included here will be published in our December News (to be published on December 23rd). There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. We are not there yet, so let's get started:
Today we have escooter Tier’s newest funding and acquisition, N26 pulling the plug on their US operations already in January 2022, and the amazing IPO of Sono Motors on NASDAQ. There are also new unicorns, we proudly present Frankfurt’s first unicorn, the insurtech Clark.de. Also, Razor Group (an Amazon shop buyer) becomes a unicorn with a 125 mn US$ fundraising. In November, there is no unicorn tracker. We will keep our eyes open and maybe the next news will have a unicorn tracker companion.
Happy Thanksgiving to our US audience!
Let's talk startups:
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/
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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: https://anchor.fm/techstartupsgermany
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The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/
News Text and Show Notes
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/
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Our software can assure, that the chip design you approve for production is correct. … we can guarantee that there are no bucks. Tobias Ludwig, CEO and Founder LUBIS EDA Subscribe Here
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I started with HTML and worked my way through to PHP and everything related to web. Tobias Ludwig, CEO and Founder LUBIS EDA
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
The faster you can get the chips in production, the higher are your profit margins. The first company takes almost all of the profits in this industry. Tobias Ludwig, CEO and Founder LUBIS EDA The Founder
We interview the founder Tobias Ludwig (https://www.linkedin.com/in/tobias-ludwig-5b1274a0/), CEO and founder of LUBIS EDA (http://lubis-eda.com,https://www.linkedin.com/company/lubis-eda/). Tobias has developed software since he was 14, starting out writing websites. Ever since he was working, developing software, and studying. He also spent one year at Michigan State University on an exchange program. The company is an early-stage startup, providing software for the semiconductor industry, likely a game-changer for the industry.
If you have a problem with the design of your chips is faulty, you may only find out after you started production. Than you have to trash all the newly produced faulty chips Tobias Ludwig, CEO and Founder LUBIS EDA The Startup
The software of LUBIS EDA helps semiconductor producers to accelerate their production of new (http://lubis-eda.com,https://www.linkedin.com/company/lubis-eda/). In the chip industry, the first company to offer a new chip gets almost all the profits. Therefore, it is very important for semiconductor producers to be fast. The software of LUBIS EDA helps you to save up to 2 months in your development and assures your chip design is fault-free. With LUBIS EDA there is no need for starting over the chip development shortly before the production is about to start, since an error was discovered.
Conservative time savings estimate with our tool is 10%, which can go up to 20%. This may add up to two months in time savings. Tobias Ludwig, CEO and Founder LUBIS EDA Find all links and show notes here: https://www.startuprad.io/blog/lubis-eda-maybe-a-game-changer-for-the-semiconductor-industry/
Send in a voice message: https://anchor.fm/deeptechgermany/message
This Month in German Startups - October 2021
Welcome to This Month in German Startups in October 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.
We recorded this new episode on October 25th. Note that there is also another episode of our unicorn tracker, getting published along with this episode in order to keep the news brief.
Today we have to announce that N26 reclaimed the title of Germany’s most valuable fintech (but not startup, that is still Celonis), Sono Motors is filing for an IPO in the US - ahead of even delivering their first car -, corona is leaving the first traces in the startup scene, less startups, but more funding for the surviving ones.
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Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find our extensive collection of links, sources, and the whole show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-october-2021/
Send in a voice message: https://anchor.fm/deeptechgermany/message
Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
Guys, it is October, it is getting colder outside and cozier inside, so we bring you another “Doppelpack”of our news recording! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on October 25th, 2021, wrapping up October. This is a Bonus Episode following our special coverage of the unprecedented creation of unicorn startups in the German speaking startup scene!
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Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all the links to our sources and the show notes here: https://www.startuprad.io/blog/gsa-unicorn-tracker-october-2021/
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A Look Inside the World’s First Law Regulating Autonomous Driving (Bonus Episode) The law should be the first one to govern autonomous driving globally. Jan-Philipp “JP” Günther-Burmeister, Lawyer Subscribe Here
Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
The Expert
This is another episode in our subject matter expert interviews. This time we are joined by Jan-Philipp “JP” Günther-Burmeister (https://www.linkedin.com/in/jan-philipp-g%C3%BCnther-burmeister-4b3421106/), a Lawyer practicing for more than 5 years in Germany.
The New Law
The Federal Ministry of Transport and Infrastructure published a press release: Germany will be the world leader in autonomous driving https://www.bmvi.de/SharedDocs/EN/Articles/DG/act-on-autonomous-driving.html
Together with JP, we are talking about the newest update/amendment / Novellierung of an already existing traffic law. As we will see in the interview, not all aspects are covered yet and complete autonomous driving is not yet permitted, BUT the law allows for semi-autonomous driving with a remote controlling human taking over control if needed.
Lawyers are not sure yet about how many vehicles such a remote operator could control, but more than one is certain. This may open up opportunities for fleets for remote-controlled trucks, buses, cabs, and delivery vans steered by a handful of people with a normal workday, working in shifts from a control center, or even from home.
Find all links and show notes here: https://www.startuprad.io/blog/a-look-inside-the-worlds-first-law-regulating-autonomous-driving-bonus/
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Meet Edupression A Vienna-based App on Prescription A friend of mine suffered from depression and committed suicide. That is what got me started with Edupression Daniel Amann, Co-Founder and CEO Edupression Subscribe Here
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The Founder
In this interview, we talk to Daniel Amann (https://www.linkedin.com/in/daniel-amann-4a1b0711a/), the CEO and Co-Founder of Edupression (https://edupression.com/). Edupression is an anti-depression app from the greater Vienna area. Daniel has a background in financial services, where he held a lot of different positions with companies like Allianz or Raiffeisen International. One of his friends committed suicide, which drew his attention to depression.
So, he co-founded Edupression.
When you have a depressive episode, there is a 50% probability, that you will have another depressive episode. Daniel Amann, Co-Founder and CEO Edupression Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8
We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
The Startup
In total the founding team of Edupression (https://edupression.com/) are 4 co-founders, which spent approx. three years working on Edupression before the interview, including advice from the Medical University Vienna (https://en.wikipedia.org/wiki/MedicalUniversityof_Vienna).
Edupression is a certified medical product, as a stand alone therapy for mild to medium depression symptoms, stand alone or in combination with drugs or psychotherapy. The company plans to have the app available on prescription in January 2022 in Germany and Austria.
In the German-speaking area (Germany, Switzerland, Austria) there are approx. 8 million people suffering from depression. … It is also the same in the US, Canada or developing countries, around 7-8%. Daniel Amann, Co-Founder and CEO Edupression App Download
Apple’s App Store (https://apps.apple.com/app/id1562982041)
Google Play Store (https://play.google.com/store/apps/details?id=com.proappdev.edupressionwebmobile_app)
Venture Capital Funding
Edupression is currently looking to raise Series A funding for its international expansion in 2022. They would like to close the round end of 2021 or early in 2022.
Find all links and show notes here: https://www.startuprad.io/blog/meet-edupression-a-vienna-based-app-on-prescription/
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Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
Guys, it is fall and we are back from the summer break! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on September 28th, 2021, wrapping up July, August, and September. This is a Bonus Episode following our special coverage from June!
Want to be found by Business opportunities or contacted by new investors? Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-september-2021-unicorn-tracker-bonus/
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Welcome to This Month in German Startups in September 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main. We recorded this new episode on September 28th. Not that there is also another episode of our unicorn tracker, getting published along with this episode. Have a look. This will be a bit longer recording. Best get a snack and a drink right now. The summer was hot here in Germany in terms of startups, but not so much in terms of temperature. Since we have the weather out of the way. Let's talk startups:
Want to be found by Business opportunities or contacted by new investors?
Get scouted by us, when we have a matching mandate and enroll your startup in our database:https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.
Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-summer-wrap-up-july-august-september-2021/
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Entrepreneur Tools #6 – How to Start Thinking About Your Corporate Culture You, as a founder will impact the culture, which than becomes a brand. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host
Entrepreneur Tools
This is a new series, within Startuprad.io’s YouTube Blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems.
We are looking forward to your feedback.
I learned that humans are basically good. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host The Entrepreneur
Michelle Tsing (https://www.linkedin.com/in/laptopradio/) is an investor and entrepreneur. She hosts a weekly show on the Stanford University Campus radio, called Laptop Radio. She used to work at PayPal, Samsung, Cisco, and eBay. She is also a podcast host at Starting Y, based in Silicon Valley. In addition to that Michelle works with several startups as an advisor. She shares in our 6th episode of entrepreneur tools her thoughts about company culture and how to start thinking about it. Company culture is a very complex topic and we are just scratching the surface here, but it is a good point to start.
The culture is usually the founder … think about your vision, your mission, and the values you care about. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Further Readings / Additional Ressources
- Start with a self-assessment, good places to start are for example the book “The Four Agreements “
- Look around examples for values
Great examples
- Paypal – Practise detachment
- Ebay – Humans are basically good
- Google - Don’t do evil
- Zappos your culture is your brand – Pursuit of happiness https://www.huffpost.com/entry/zappos-founder-tony-hsieh_1_b_783333
Every aspect of your company should correlate to your values. Embrace it not only in words but also in action. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Helpful Books (Affiliate Links)
- The Four Agreements https://amzn.to/3B8B3bD
- The Gift of Imperfection https://amzn.to/2WfTj3I
- Daring Greatly https://amzn.to/2Wnie5h
The Entrepreneur Tools Playlist
https://www.youtube.com/watch?v=NlF4aBwTomo&list=PLUbiCAQc22WtWCZ1yTVMvh56CcUbjC1bV
Feedback
Reach 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
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Find all the links and show notes here: https://www.startuprad.io/blog/entrepreneur-tools-6-how-to-start-thinking-about-your-corporate-culture/
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German Startup Awards 2021 – Special Award The secret to winning is to have the right vision. To bet on the right pattern. … the execution is a lot about the nitty gritty details. Lukasz Gadowski, Winner Special Award German Startup Awards Subscribe Here
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It is not desirable to sell a company. … there may be instances where it makes sense. … there are exceptions to every rule. Lukasz Gadowski, Winner Special Award German Startup Awards Media Partnership
This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards (GSA21) honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interview and on our website: https://germanstartupawards.de/
It always starts with a general pattern. … if you want to get ideas in a specific area, expose yourself to this area. Lukasz Gadowski, Winner Special Award German Startup Awards The Founder
In this interview, we talk to Lukasz Gadowski (https://www.linkedin.com/in/lukaszgadowski) (known as one of the co-founders of Delivery Hero (Lieferheld) or Mr Spex). He received a special award for his special merit with and for the German startup scene. Among his many ventures, he co-founded or is invested in are Spreadshirt, studyVZ, Point Nine Capital, brands4friends, Aroundhome, Vertical Media (Gründerszene), the escooter startup Circ, Volocopter, Enpal, Mr. Spex and of course, Delivery Hero. He works with his private investment company Team Europe https://www.teameurope.net/ During his interview he also shares insights in big enablers shaping the future, which will opening up opportunities for entrepreneurs. He also shares advice for entrepreneurs on how to win, even if you are entering a market late.
Congratulations to Lukasz! Tune in to the interview to learn more.
I think Circ went from zero to 1.000 employees in 15 months. That is what I would call hypergrowth. Lukasz Gadowski, Winner Special Award German Startup Awards Feedback
Reach 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
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
Keep Up to Date
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Find all the links and show notes here: https://www.startuprad.io/blog/german-startup-awards-2021-special-award-for-lukasz-gadowski/
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The Commissioner for Digital and Startups
In this interview we talk to Thomas Jarzombek (https://www.linkedin.com/in/thomas-jarzombek-a4227183/) a member of the German Parliament Bundestag, also the Commissioner for Digital and Startups of Germany and in charge of the newly started 10 bn startup program. Thomas is a member of the CDU, Christian Democratic Union, the party of chancellor Merkel. (https://en.wikipedia.org/wiki/Christian_Democratic_Union_of_Germany). Thomas has also been an entrepreneur before he was an elected official. He started out with implementing Windows 95.
Note: In the name tag in the YouTube video, we shorted this to “Digital commissioner”, due to the available space.
We want to get better in the commercialization of German innovations. Thomas Jarzombek, MdB, Commissioner for Digital and Startups How the money will be invested Note: There is a general election coming up in Germany on September 26th, 2021. This will lead to a new government since chancellor Merkel will retire. Therefore, another government may change this allocation. We also invest in rocket technology. We have been looking at what Elon Musk does with SpaceX and adapted some of his strategies. Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Indirectly (as LP)
The new investment program is looking to invest 50% together with private investors, who also chip in the other half.
The program will invest in European VCs, focusing on Germany. They are looking for VCs, investing in Germany approx. the money they receive from the program.
The largest single investment will be as LP of the European Investment Fund, which will get 3 bn Euros (https://www.eif.org/).
HTGF will start the 4th fund with money from the program. Look in our show notes below for the interview with the CEO of HTGF. They raise funds with half of the money coming from the Government and half from private investors, which include already household names like Bosch, BASF, B. Braun, Boehringer, Deutsche Bank, Deutsche Post DHL, Lanxess, RWE, SAP, and many others. You can learn more about HTGF in our interview, see links below.
We have patient money and I expect the money to be spent over the next 10 years. Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Directly: Deep Tech Future Fund
The Deep Tech Future Fund (https://deeptech-future-fonds.de/) is aiming to commercialize innovations from Germany. They are even investing in startups directly, who do not have a business model yet, for example working in quantum computing.
2 bn Euros will be managed by KfW in discretionary accounts to set up specific investment vehicles and their subsidiary Coparion (https://www.coparion.vc/). Part of the money will be managed in discretionary accounts. These vehicles can invest directly in startups.
We expect with our investment to double – with private investors approximately 2x – in the German startup scene. Thomas Jarzombek, MdB, Commissioner for Digital and Startups
https://www.startuprad.io/blog/meet-the-person-in-charge-of-germanys-e10-bn-startup-program/
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The Founder
In this interview, we talk to Denis Tudor (https://www.linkedin.com/in/denis-tudor-5737a394/) he is the CEO and Co-Founder of Switzerland-based swisspod (https://swisspod.ch/), a startup that aims to develop hyperloop tracks underneath the Swiss alps. Denis is a Forbes 30 under 30. He graduated valedictorian with a degree in engineering and went on to the Ecole polytechnique fédérale de Lausanne, Switzerland (https://www.epfl.ch/de/), to get his Ph.D.
Denis has always been fascinated by the Hyperloop idea from Elon Musk to a level, where he participated with a team in one of Hyperloops competitions. They won the best non-student design award out of more than 3.000 teams, who initially registered.
The idea kept fascinating him, which triggered him to founding swisspod.
Is your Startup in Need of A bank Account? - Affiliate Links
- Try the account of our Affiliate Partner Penta: http://bit.ly/3bdHX3d
The Startup
swisspod (https://swisspod.ch/) is working on getting the Hyperloop underneath the Swiss Alps, transporting passengers with capsules of approx. 30 passengers.
SwissPod got a grant from the Swiss Government to set up the first testing facility for Hyperloops in Europe. Therefore their next step is to get this facility up and running and testing the idea and technologies needed
Is your Startup in Need of an Office? - Affiliate Links
- Try the account of our Affiliate Partner WeWork: https://we.co/2GYbxvS
Feedback
Reach 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
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
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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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Find all links, texts, and show notes here on our blog post: https://www.startuprad.io/blog/this-month-in-german-startups-june-2021/
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Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).
This is a Bonus Episode covering the Unicorn Stampede in German-speaking countries. This recording is from June 29th, 2021 and all-new unicorns, formed afterward will be covered in our next news podcast, to be published End of September!
You may remember that we had another bonus episode last month covering the rise of Berlin-based fintech Trade Republic to become Germany’s most valuable startup? There is already a new king in the country with Celonis becoming Germany’s first Decacorn (valuation above 10 bn US$, here even 11bn US$). We also see that all of these monster fundings are driven by international investors, especially Softbank from Japan and Tencent from China.
Find all links and show notes on our blog post here: https://www.startuprad.io/blog/bonus-this-month-in-german-startups-unicorn-stampede/
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Meet Palturai – The Google of Business Data We used to store data in paper-based handwritten cards. We bring this to the 21st century … so you can get some great insights from it. Tilo Walter, CEO and Founder Palturai Subscribe Here
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You can use our tool for example in the KYC process. Tilo Walter, CEO and Founder Palturai The Founder
We talk in this interview to Tilo Walter (https://www.linkedin.com/in/tilo-walter-18b90567/), the CEO and Founder of Frankfurt-based business intelligence platform Palturai (https://palturai.com/?lang=en).
Tilo first started out with an apprenticeship at a bank, after studying industrial engineering he was a consultant and then spent quite some time working in Germany’s largest credit bureau called Schufa.
This gave him the idea of Palturai, which allows one to aggregate important business data to companies.
We have data from more than 7 mn companies, from public sources, building a graph with more than 1 bn relations. Tilo Walter, CEO and Founder Palturai Is your Startup in Need of a Bank Account? - Affiliate Links
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The Startup
Palturai (https://palturai.com/?lang=en) is a business intelligence platform, aggregating important data about companies in their database. The company provides the information as a business graph. The name also originates form a Hungarian mathematician named Pál Turán, who contributed a lot to graph theory (https://en.wikipedia.org/wiki/P%C3%A1l_Tur%C3%A1n). The company was founded in 2014, but re-branded in 2020 with the opening of its first international location close to Philadelphia.
We have been bootstrapped, but with the international expansion we needed a proper funding round. Tilo Walter, CEO and Founder Palturai Funding Round
Palturai raised 4 mn Euros Series A investments, and their investors include a German bank and SBI Holding (Softbank’s Berlin entity).
Is your Startup in Need of an Office? - Affiliate Links
- Try the account of our Affiliate Partner WeWork: https://we.co/2GYbxvS
With the outbreak of corona, all of our US expansion plans have been blown to pieces. We had to change our strategy fast. Tilo Walter, CEO and Founder Palturai
Learn more here: https://www.startuprad.io/blog/meet-palturai-the-google-of-business-data/
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The Founder
In this interview, we talk to Gordian Braun (https://www.linkedin.com/in/gordianb/?locale=en_US), the CEO and co-founder of onetool (https://onetool.co/), a Berlin-based cloud startup. The startup is also a Y-Combinator Alumnus ( https://www.ycombinator.com/companies/onetool ), and an alumnus of the German Accelerator program (https://www.germanaccelerator.com/companies/#onetool).
Gordian already had great experiences in his life before he even started onetool. He founded companies before, including one in Austin, TX. He worked at a VC, as an investment scout and is currently a member of the Forbes Technology Council.
Other solutions allow you to do similar stuff, after up to 6 months of working to integrate them. Our tool only takes you about an hour. Gordian Braun, CEO and co-founder onetool The Startup
onetool (https://onetool.co/) was founded by Gordian since he always ran into the same problem: What accounts did the employee use, that just left. How can I make sure I don’t overspend and no one has access to my customer's data, that is not working here anymore?
Our customers usually use only cloud-based tools, so basically all modern startups. Gordian Braun, CEO and co-founder onetool Venture Capital Funding
The company already counts amongst its investors HTGF. They have already raised more than 1.6 mn Euro in Venture Capital. Likely they will look for a new funding round “very soon” according to Gordian.
We got an email “You are invited to the final interview for Y-Combinator”. Oh, yeah it looks like we applied Gordian Braun, CEO and co-founder onetool Find all the links and show notes here: https://www.startuprad.io/blog/onetool-helps-to-cut-your-saas-costs/
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Meet the Startup NanoStruct, they are listening to Molecules We are working in structures the size of nanometers. The average piece of paper is about 100.000 nanometers thick. Henriette Maaß, CEO and Co-Founder NanoStruct
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The Founder
We talk to Henriette Maaß (https://www.linkedin.com/in/henriette-maa%C3%9F-608792142/), co-founder and CEO of the startup NanoStruct. During her Ph.D. in solid-state physics, she looked at the electronic state of materials. She founded NanoStruct (https://www.nanostruct.eu/en/home-english/)during her post-doc at university.
Henriette went on record here to admit that she is a Star Wars and Star Trek fan.
Looking to enter the German or European market? - Affiliate Links
- Our partner Mainstage has experience with that. They could help with a completely remote program https://msgi.one/startupradio Learn more about them here: https://www.startuprad.io/blog/mainstage-incubator-helps-to-build-world-changing-startups-right-in-the-heart-of-europe/
The reproducibility of nanostructures is normally not good. We can re-produce them more reliable. Henriette Maaß, CEO and Co-Founder NanoStruct The Startup
The idea of NanoStruct came when Henriette talked to her co-founder, who pursued his Ph.D. using spectroscopy as well, but another method. They are working on nanostructures like normal antennas but in nanometer sizes. The antennas function for frequencies of visible light, for which they have a reliable way to produce them over and over (which is not common for nanostructures). Their product can be used to search for contaminations like in biotech, pharma, or the food industry. You can learn more on their company website https://www.nanostruct.eu/en/home-english/
They are planning to do the production themselves since their production is neither expensive nor complex.
Don’t be scared of physic, it is actually a lot of fun Henriette Maaß, CEO and Co-Founder NanoStruct Venture Capital Funding
NanoStruct is currently running on a federal grant for transferring research results into feasible products. They are looking for similar follow-up funding, until mid-2022, when they would rely on external investors. They are currently just starting to reach out.
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Find all the links and show notes here: https://www.startuprad.io/blog/meet-the-startup-nanostruct-they-are-listening-to-molecules/
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Entrepreneur Tools #4 – How to build a tech team
You need to educate the US companies on what is possible and not possible in an employment contract in Germany. Tim Heathcote, Headhunter Subscribe Here
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Entrepreneur Tools
This is a series, within Startuprad.io’s podcast and YouTube blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems. Sometimes an entrepreneur solves known problems in a very systematic way or can help us to find solutions to typical entrepreneurs’ problems. We will talk to him or her and bring you these recordings as entrepreneur tools. We are looking forward to your feedback.
The Entrepreneur
Tim (https://www.linkedin.com/in/timheathcote/) is an English ex-pat living in Frankfurt, making a living as a headhunter in the tech and startup space. He has founded Rebel Soul Recruitment (https://rebelsoulrecruitment.com/)
Looking to enter the German or European market? - Affiliate Links
- Our partner Mainstage has experience with that. They could help with a completely remote program https://msgi.one/startupradio Learn more about them here: https://www.startuprad.io/blog/mainstage-incubator-helps-to-build-world-changing-startups-right-in-the-heart-of-europe/
The number one complaint of US companies, setting up shop in Germany, are the number of holidays. Tim Heathcote, Headhunter Here is a little warp-up: The headhunter must:
- Understand the company and the values of the company
- Know what technical skill is required for the role
- Understand the incentive structure of the company hiring
- Get familiar with the legal restrictions for an employment contract
- Set up a hiring process (this step may also be at #7, depending on your CTO and his/her network). What are you testing for How do you test it for How do you measure it
- Use the network of your CTO to build the tech team
- When the tech team gets larger, you need to rely on a headhunter at one point
Find all the links and show notes here: https://www.startuprad.io/blog/entrepreneur-tools-4-how-to-build-a-tech-team/
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Welcome to This Month in German Startups by Startuprad.io - in a news recording with Chris (Back Home in Germany) and me Joe, from Frankfurt am Main.
Today we are wrapping up May 2021 for you. We talk about the massive Trade Republic funding, making them Germany's most valuable startup. We are talking about SPACs again, Germany’s institutional funds investing in crypto, and 3 bn shots of the corona vaccine. As always, we have a great show for you!
Housekeeping - Time to brag
Stay safe everyone!
- We are very happy to have been listed as No 4 on the Welp Magazine list of "20 Best Start-ups Podcasts of 2021" https://welpmagazine.com/20-best-start-ups-podcasts-of-2021/
- Station Frankfurt featured our newest internet radio station in an article https://station-frankfurt.de/2021/05/07/das-steckt-hinter-dem-24-7-startupradio-startuprad-io/
- Italy-based Startup.info covered our internet radio station as well: The World’s First Internet Radio Station Dedicated to Startups and Tech Companies Just Launched https://buff.ly/3upGZte
Top News Trade Republic is now Germany’s most valuable startup with 5.3 bn US$ SPACs
In the US the largest wave of SPAC IPOs is already behind us, but in Europe, it is just gaining speed. Frankfurt Stock Exchange expects up to 20 SPAC IPOs in 2021. In all of Europe, they expect more than 30 https://buff.ly/3h0mMqS
Amazon Shops are still HOT
Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants – TechCrunch https://buff.ly/2PVJULY
Germany rumored to open flood gates to Crypto Investments - Think again
'Damn Huge': Germany Opens Up to Institutional Crypto Funds - Decrypt https://buff.ly/3vvX3dU
Joe will talk about this soon - as soon as he gets to it - but the main point one has to understand in German institutional funds is that the investors are regulated and not so much the vehicles.
3bn Shots are coming
Corona vaccine producer BioNTech is looking to produce 3bn shots https://buff.ly/2RHzXlA
We just passed a small moment in History
80 years ago, on May 11th, 1941 german inventor Konrad Zuse started his Z3. This was one of today's first - maybe The first - modern-day computer. He developed it, to take over statistical calculation he found tiresome https://buff.ly/3eEJ3sB
Find all other show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-may-2021/
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The Founder
We are talking to Jörn-Philipp Plies (https://www.linkedin.com/in/plies/) CEO and Co-Founder of eye2you (https://eye2you.ai/).
Philipp started out his professional life with an apprenticeship and moved to study at Technical University Darmstadt (TU Darmstadt, https://en.wikipedia.org/wiki/Technische_Universit%C3%A4t_Darmstadt) computer science and robotics.
While working on his final diploma thesis, he became interested in visual recognition and finally the eye. This led him to take on his Ph.D. at the University of Tübingen, studying how the brain processes visual information.
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The Startup
The story of eye2you (https://eye2you.ai/) started at Korea University (https://en.wikipedia.org/wiki/Korea_University), with a project for development aid projects in Ethiopia. Now the company is incorporated in Tübingen Germany and works on AI algorithms to recognize diseases in pictures of the retina.
They are working on empowering general physicians, nurses, or caretakers to perform a basic checkup with their software. Groups at risk for retina diseases are people with high blood pressure or diabetes.
Here is an explainer video for more details: https://youtu.be/nWFbvuYC2PY
Venture Capital Funding
The startup already closed the pre-seed funding round, currently having 5 FTEs and one working student.
Affiliate Links
- Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
- Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye
Learn more: https://www.startuprad.io/blog/eye2you-converts-smartphones-in-simple-medical-retina-scanners/
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Welcome to Startuprad.io,
we cover the German-speaking startup scene since 2015 with our franchise. Since 2019, we eased access to the German-speaking startup scene further with our special interest podcasts Fintech Germany, Blockchain Germany, Deeptech Germany, and German Startup News.
We have been called "The Authority on German Startups" and are a Top 0.5% global podcast, according to Listen Notes. Chartable.com scored us in 2020 a global Top 100 Science Podcast, a global Top 150 Tech Podcast, and a global Top 750 Business Podcast.
You can learn more here: https://linktr.ee/startupradio
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Entrepreneur Tools Episode 3
This is a new series, within Startuprad.io’s YouTube Blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems. Sometimes an entrepreneur solves known problems in a very systematic way, which we find great, or has great insights. In both cases, we will talk to him or her and bring you these recordings as entrepreneur tools. We are looking forward to your feedback.
This time we talk to Simon Stengelmeier (https://www.linkedin.com/in/simonstegelmeier/), also known as The Data Warrior (https://thedatawarrior.com/). This time we are talking about service design and marketing. Tune in to learn more.
Jobs to be Done (including Affiliate Links)
- Jobs to Be Done: A Roadmap for Customer-Centered Innovation (AL) https://amzn.to/2SLZdIh
- The Jobs-to-be-Done Handbook: Practical techniques for improving your application of Jobs-to-be-Done (AL) https://amzn.to/3fg34VA
- Link to HBR Article: Know Your Customers’ “Jobs to Be Done” https://hbr.org/2016/09/know-your-customers-jobs-to-be-done
Put Value First
Know Your Target Audience / Create a Customer Avatar
Craft Your Message
Your Signature Solution
3 Steps to Success: How To Structure & Sell Your Services
- Maximize (Customer Avatar, Message, Solution)
- Monetize (Leads, Trust, Conversion)
- Multiply (Paid, Organic, SEO)
Find the complete show notes here: https://www.startuprad.io/blog/bs-free-service-design-data-driven-business-solution-entrepreneur-tools-episode-3/
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MOIN! Media Partnership
This podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/).
The Founder
We talk to the Hamburg-based founder Dennis Ahrens, the CEO and Founder of Spacific (https://www.linkedin.com/in/dennisahrens/). Spacific offers a software for augmented reality glasses to measure objects within rooms (https://www.spacific.de). Dennis has been involved in several companies, before starting his startup, one stop including staying for almost 13 years.
Dennis discovered his fascination for augmented reality while working in a project where AR devices have been used to measure stairs to build in stair lifts (https://en.wikipedia.org/wiki/Stairlift).
Affiliate Links
- Learn how to grow your business using the numbers in your profit and loss and balance sheet: https://www.learndesk.us/class/5571076509663232/growth-by-the-numbers-real-small-business-finance-for-real-small-business-owners use our promo code: Access
The Startup
Dennis founded his startup Spacific (https://www.spacific.de/) with customer service engineers in mind, who work for B2B companies.
The startup works on possibilities to measure objects inside a room. This would enable service engineers to put on their AR glasses and measure objects (e.g. lifts, forklifts, …).
Spacific is working on a self-service portal, for their business customers. There the Spacific clients can tailor their specific needs and processes with a work-flow-configurator, making their customer service better and fast than their competitors’.
Venture Capital Funding
Currently Spacific is funded by the savings of Dennis and funding from the City of Hamburg. They would be open to talking to external investors.
Further Readings / Additional Resources
Joe refers during the interview to this book: The world is flat (book) (AL): https://amzn.to/3hgWyQH
If you are curious, here is a Hololens (as Affiliated Link AL) on Amazon: https://amzn.to/3y2t7Io
https://www.startuprad.io/blog/spacific-allows-you-to-measure-objects-with-ar-glasses/
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Today we are wrapping up April 2021 for you. We talk about SPACs, which have been all the rage, but now they get to work. We bring you news about potential SPAC deals with Solarisbank, Infarm, Lilium, and Volocopter. The first three eying a valuation of more than one billion. Also, we have a Gorilla Unicorn.
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We talk to Fabian, the CEO, and Co-Founder of Munich-based e-bot7. Fabian is an early thought leader in chatbots, ai, and NLP.
Fabian is not only the founder of a successful company and a Forbes 30 under 30, he is also the co-founder of a tech blog called Chatbot News Daily and he is also a DJ, having worked with the likes of DJ Tiesto.
Next to all this Fabian and e-bot7 have been founding members of the KI Bundesverband, the German Association for Artificial Intelligence, Germany’s largest AI network.
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The FounderThis time we talk to Florian Biller the CEO and co-founder of Munich-based proptech startup Capmo. Florian spent quite some time studying abroad at Tel Aviv University in Israel, the University of St. Gallen in Switzerland, as well as in the US at the American University and UC Berkley. He also worked at Roland Berger, Deutsche Börse, Microsoft, BMW and at the sports startup Feeletics.
"Construction is likely the biggest industry in the country of the people listening or watching, but it is also likely the least digital industry."
Florian Biller, CEO and Co-Founder Capmo
The StartupConstruction sides are usually littered with large and bulky paper-based construction plans. It is also a hassle to keep all people up to date with recent changes, especially on larger constructions
The biggest challenge in construction is not the design, but the execution. That is where we help.
Florian Biller, CEO and Co-Founder Capmo
Learn more here https://www.startuprad.io/blog/proptech-capmo-replaces-pen-and-paper-with-digital-workflows-and-smart-construction-analytics/
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Television.ai helps with ai to generate automatic trailers or short spots for tv programs, independent productions, and much more.
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Today we are wrapping up March 2021 for you. We talk about Austria’s first unicorn Bitpanda, a Samwer attempt at a German Tesla, SPACs, indoor farming, open positions at N26, and much more.
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Flash Update
Hey guys, we are posting this short podcast just to keep you up to date on what Startuprad.io is doing.
You may know that we have special interest podcast (link to subscribe below) like Fintech, Deep Tech, Blockchain and for our Startup News? We are also a YouTube Blog (link below).
We also launched with our friends from Starting Y, Laptop Radio, Radio Free Enterprise and the IBGR Network the worlds first internet radio station dedicated to startups and tech companies on February 18th 2021. We are currently still in beta, but our Alexa Skill should be ready soon, as well as our listing on several radio directories.
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Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
Affiliate Links
· Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
· Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye
Feedback
Reach 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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
Follow usInstagram https://www.instagram.com/startuprad.io/
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Keep Up to DateHere is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ
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Mirrakoi Helps Surgeons with 3D Models and 3D Prints to Prepare for SurgeriesWe are focusing with our technology on bone structures at the moment, … especially surgeries to reconstruct bones.
Pablo Garcia-Amorena, CEO and Co-Founder Mirrakoi
Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio
The FounderIn this interview, we talk to Pablo Garcia-Amorena (https://www.linkedin.com/in/pablo-garcia-amorena-711518166/). He is originally from Barcelona, where he studied Mathematics and Engineering as a double major. He than went on to the Swiss Federal Institute (École polytechnique fédérale de Lausanne). Within their program he was focusing on processing data from medical devices, where he met his two co-founders of Mirrakoi.
You can also learn more about Pablo here:
https://www.researchgate.net/scientific-contributions/Pablo-Garcia-Amorena-2118645293https://mirrakoi.com/author/pablogarciaamorena_mirrako/
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye The StartupThe startup is called Mirrakoi (https://mirrakoi.com/ https://www.crunchbase.com/organization/mirrakoi-sa) and is in a broader sense a medtech startup. The startup helps surgeons to prepare for important operations with 3D printed models or virtual reality. They even help to 3d print assistance tools to help the surgeons with their job.
They are currently helping surgeons with the preparation of reconstructive surgeries, like the reconstruction of faces after car accidents.
For research projects, they are 3d printing what they call “surgical guides”. For example, these guides help to guide the drill of the surgeon to drill at the right point and depth during surgery.
We are focusing on models for pre-operation. Our models will right now not end up in the patient, but we have a research project for that.
Pablo Garcia-Amorena, CEO and Co-Founder Mirrakoi
Venture Capital FundingMirrakoi is currently bootstrapped but will soon be looking for an external investor.
Health Venture Labs (Budapest)In this small section we talk to the accelerator program Health Venture Labs (HV Labs), and its co-founder Daniel Szemerey (https://www.linkedin.com/in/daniel-szemerey/). HV Labs is the program Mirrakoi went through. If you are curious, they are looking for startups for their next intake: https://hvlab.eu/. As stated in the interview, they have a preference for medical imaging startups.
Part of their program is also a chance to dip in the Boston medtech startup hub.
Further Readings / Additional ResourcesCT Scans: https://en.wikipedia.org/wiki/CT_scan#:~:text=A%20CT%20scan%20or%20computed,of%20a%20body%2C%20allowing%20the
MRT Scans: https://en.wikipedia.org/wiki/Magnetic_resonance_imaging
X-Ray: https://en.wikipedia.org/wiki/X-ray
Erasmus Programm: https://en.wikipedia.org/wiki/Erasmus_Programme
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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EVITADO avoids collisions of planes on the ground –Using Lidar“The direct costs to repair a plane, after a ground collision usually runs least at 250.000 Euros. Not included are indirect costs like delays in schedule or revenues lost”
Alexander Kasinec, Co-Founder Evitado
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“We found that ground collisions of planes happen on average one or two times a month”
Alexander Kasinec, Co-Founder Evitado
Media PartnershipThis podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal noncorona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto-translate is worth it, since they also have an extensive directory of local startups on their website.
“I guess I am a bit an aviation geek myself”
Alexander Kasinec, Co-Founder Evitado
The FounderJoe talks to Alexander Kasinec (https://www.linkedin.com/in/alexander-kasinec-87715866/), co-founder of the Hamburg-based startup EVITADO (https://evitado.io/). Alex is an American, who co-founded the company in Hamburg. He started learning German in 8th grade already, spent time during his studies in Germany, and did an internship in Germany as well. He then ended up getting a master’s degree in Hamburg, where he met his co-founders.
“There are some pretty big [aviation] companies here in Hamburg. That is why we decided to stay here.”
Alexander Kasinec, Co-Founder Evitado
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye “There was a list in 2017 by the FAA and one of the pain points were collisions on the ground by planes for example with hangars”
Alexander Kasinec, Co-Founder Evitado
The StartupEvitado (https://evitado.io/) provides a warning system for planes pulled on the ground, so the drivers of these pushback tractors do not collide with other planes on the ground, hangar doors and so on. Their system is based on Lidar and offers the drivers a Birdseye view of their plane and vehicle.
The idea of Evitado was developed by Alex and his co-founder, who met during their MBA. They made it in the finals in a pitch competition, which gave them their hint that their idea may be much more than just a hobby.
“Hamburg is the world’s third-largest hub for the aviation industry, behind Seattle and Toulouse in France”
Alexander Kasinec, Co-Founder Evitado
Venture Capital FundingEvitado is looking for 750.000 € as a seed funding round. They would like to close the round end of June 2021.
“Our system is based on Lidar technology”
Alexander Kasinec, Co-Founder Evitado
The Audio InterviewThe Audio Podcast will be published at the same time. Please give us a bit to post the Spotify link here. In the meantime, you can subscribe to our podcasts here
“We would love to integrate our software in the Microsoft Flight Simulator. It is a beautiful tool”
Alexander Kasinec, Co-Founder Evitado
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The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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KONVOI Helps with AI and Sensors to Prevent the Theft of Truck CargoEach year cargo is stolen from at least 26.000 trucks each year in Germany, worth 2.2 bn Euros.
Heinz Luckardt, Co-Founder KONVOI
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… there is organized crime stealing from parked trucks. … We want to be preventive, before the theft happens.
Heinz Luckardt, Co-Founder KONVOI
Media PartnershipThis podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal non corona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto translate is worth it, since they also have an extensive directory of local startups on their website.
Our solution will be a combination of hardware and software.
Heinz Luckardt, Co-Founder KONVOI
The FounderIn this interview, we talk to Heinz Luckardt (https://www.linkedin.com/in/heinz-luckhardt-a77a351a0/), Co-Founder of Hamburg-based startup KONVOI. He is originally from Frankfurt, but his studies took him to Hamburg University, where he met his co-founder. But Heinz has already traveled the world, he studied in Milano (Italy), he has been a sales intern in India, as well as working with Fraunhofer Institute. At Fraunhofer, he was working on salt-based 3d printing.
The vision is later to go deep into predictive analytics, like generating heatmaps for truck thefts.
Heinz Luckardt, Co-Founder KONVOI
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye The StartupThe startup was set up already in times of corona, in October 2020. Theft of truck cargo, literally from the back of a truck, is a big problem for the trucking companies, as well as all companies using this mean of transport. So KONVOI (https://www.konvoi.eu/) provides a combination of hardware and software to prevent these thefts. Right now, they are working on the first step of the solution, but the vision is to go deep in predictive analytics.
We are looking for innovative trucking companies in Germany, to give us feedback.
Heinz Luckardt, Co-Founder KONVOI
Venture Capital FundingKONVOI is currently not actively looking for external investors. They are currently on a government grant, funding the company at least until end of 2021.
We are not focusing on one technology. We are working with radar, as well as ultra-sonic sound at the moment.
Heinz Luckardt, Co-Founder KONVOI
The Audio InterviewYou can subscribe to our podcasts here
Further Readings / Additional ResourcesMilan, Italy https://en.wikipedia.org/wiki/Milan
Frauenhofer Institutes are organized in the Fraunhofer Society: https://en.wikipedia.org/wiki/Fraunhofer_Society
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
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This Month in German Startups - February 2021Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City and me Joe, from Frankfurt am Main.
Today we are wrapping up February 2021 for you. There is great news in the German startup scene, the much anticipated Auto1 IPO generated two new tech billionaires, Europe’s first Tech SPAC lists in Frankfurt, more Wirecard details, we talk about Trade Republic and Gamestop, as well as the billion exit of Berlin-based AdJust.
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Affiliated LinksWhy not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn Housekeeping - Time to brag Stay safe everyone!
In the meantime you can tune in to our internet radio station, the worlds first 24/7 dedicated to startups and tech companies! https://s2.radio.co/sb16d65602/listen - We will soon be available on many platforms, for now:
https://raddio.net/373202-startupradio/ https://radio.streamitter.com/station/startupradio-89HNV
Top NewsWe have two new tech billionairesThe IPO of Auto1 went spectacularly well and skyrocketed on the first day of trading on February 4th, surging 45%. We took a look at the data and realized that this was the first tech IPO in a long time that generated new tech billionaires in Germany. Bloomberg: SoftBank-Backed Auto1 Soars in Debut After $2.2 Billion IPO https://buff.ly/2YLTm5jReuters: UPDATE 2-AUTO1 shares go into top gear in Frankfurt debut https://buff.ly/3pLaOSmRead more in our blogpost here: At recording this Auto1 IPO turns founders into billionaires https://buff.ly/3oY45EA Related: The story from the side of one of their first investors: How VC fund DN Capital invested in car marketplace Auto1 8 years ago and landed an $8 billion IPO winner https://buff.ly/3abVPMO
N26German regulator, stung by past failings, extends oversight of N26 - sources https://buff.ly/2Ymp88F German mobile bank N26 is thinking of making its first acquisition https://buff.ly/3ckRpVq
Trade Republic, Reddit and GameStopBerlin-based SolarisBank needed four years to get to 400k customers, but the next 600k came within half a year says their chief commercial officer Jörg Diewald, many of them have to be attributed to Trade Republic https://buff.ly/3oEKLMc Our take on this topic: https://www.startuprad.io/berlin/gamestop-reddit-and-fintech-trade-republic/ Note: There will be a follow-up on yet another blog post from our side, with hearings of Roaring Kitten and profits for hedge funds. We're nothing like Robinhood, says Berlin-based broker Trade Republic | Sifted https://buff.ly/3bAqNOq
iCarPorsche's Cayenne Boss Dr. Manfred Harrer (48) is hired by Apple. He was rumored to be one of the best engineers in the company. Is the ...
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Xperience+ Wants To Change How You Watch Sports and Movies ForeverIn 1917, an Italian guy put audio in a movie … more than 100 years later, we are still here.
Fabrizio Gramuglio, CEO and Co-Founder Xperience+
The Founder(s)Fabrizio is the Co-Founder and CEO of Xperience+ (https://www.linkedin.com/in/gramuglio/). Fabricio is by training a geneticist, but he found the lab work not really appealing, so he set out on a new path. Fabricio is also a Ted Speaker (https://youtu.be/Qw30kQVyvnM).
Pedro is the CMO and Co-Founder of Xperience+ (https://www.linkedin.com/in/pedrogmferreira/), who is also the founder of the local tech blog Frankfurt Valley (http://frankfurtvalley.app/), as well as the community manager of Startuprad.io (http://www.startuprad.io/about-us/).
Both together manage the local chapter of the singularity university (https://su.org/).
Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye Why don’t we let life the people around the world the experiences they want – in a very immersive way?
Fabrizio Gramuglio, CEO and Co-Founder Xperience+
The Startup Xperience+ (https://xperience.plus/) is not itself a hardware provider. The company offers on its app a marketplace for companies to join the Internet of Senses and use the protocols of Xperience+ for this.
Part of the offer will also be a Library of Senses, in which experiences can be stored and retrieved at will.
We are working on letting fans experience their favorite game from the perspective of a player – with all five senses. It will be totally immersive.
Pedro Ferreira, CMO and Co-Founder Xperience+
The Xperience+ AppThe app is currently not available to the public. Currently, the app is in closed beta status. They are working on the library and the option to stream videos. We will let you know when the app is available.
We are working on disrupting the “old” audio and video media and bring in all the five senses.
Fabrizio Gramuglio, CEO and Co-Founder Xperience+
Venture Capital FundingXperience+ has already raised a seed investment of 500.000 €. They are open to additional external investors.
If this works guys, you will put every diet out of business, since people can taste everything, without gaining the calories.
Joe Menninger, CEO and Founder Startuprad.io on Xperience+
Audio PodcastYou can subscribe to our podcasts here
Further Readings / Additional ResourcesNothing to see here 😊
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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Tangany Offers a White-Label Custody Solution for Crypto AssetsOur clients do not need to apply for a license to become a custodian, we already are and offer our service.
Martin Kreitmair, CEO and Co-Founder Tangany
Media PartnershipThis podcast is in media partnership with the FinTech Forum (http://www.fintechforum.de/). The FinTech Forum - launched 2013 in Frankfurt am Main - is the first and largest hub for FinTechs in Continental Europe, with a community of more than 12.000 companies. With more than 17 events, with more than 270 startups on stage, and more than 1.000 investors and financial institutions. FTF alumni have raised $310mn+ in funding and resulted in exits worth $300mn+ .
Our level of paranoia level is right at the top. The security for crypto assets must be even on a higher level than for banks.
Martin Kreitmair, CEO and Co-Founder Tangany
The FounderWe talk to the CEO and Co-Founder Martin Kreitmair (https://www.linkedin.com/in/martin-kreitmair). He is not only with Tangany, but also a member of the Board of Germany’s blockchain association called Bundesblock (https://bundesblock.de/). He has a master’s in computer science and has been working at a startup for more than seven years, where he was hired as the 7th employee and saw the company grow.
First, we were two founders, …joined by former colleagues from an agency.
Martin Kreitmair, CEO and Co-Founder Tangany
Martin became interested early in Blockchain and Bitcoin but was no miner – which he partly regrets now 😊. He felt like it was the right time to start his company after many years as a startup employee.
Security is key for crypto custody.
Martin Kreitmair, CEO and Co-Founder Tangany
The StartupTangany (https://tangany.com/) is the all-in-one cloud suite to easily offer crypto and digital asset custody to your clients and customers. They do not offer services for retail customers, but rather to fintechs and financial institutions for save keeping of digital and crypto assets (including, but not limited to cryptocurrencies). They are a regulated custodian.
The product of Tangany is a white-label tool (via API) to enable their customers like startups, so they can offer crypto wallets to their (retail)-clients. The big advantage of Tangany for their clients is that they don’t need to get a license since the company is already regulated under German law to be a custodian.
It took us a very very long time to design our architecture … to the highest thinkable level of security.
Martin Kreitmair, CEO and Co-Founder Tangany
Excited about a Digital EuroTangany would be quite happy if a digital Euro, based on Blockchain is realized, this would be a huge opportunity for them. Since every citizen would need a digital wallet as Tangany could provide.
I am very convinced that a digital Euro will come, one way or another.
Martin Kreitmair, CEO and Co-Founder Tangany
Venture Capital FundingTangany raised a venture capital round in January 2020 and currently, they are in preparation for another round.
Further Readings / Additional Resources
Custodian https://www.investopedia.com/terms/c/custodian.asp
Feedback
Reach 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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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This Month in German Startups - January 2021
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review.
Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.
Housekeeping - Time to brag Just a bit of bragging today: Listen Up! Here’s Your Guide To European Tech And Startup Podcasts In English https://buff.ly/39S3qyR
Top NewsWe have two new unicornsMambu - Germany’s newest Fintech Unicorn offers Banking Software as SaaS https://buff.ly/3oNEHC2 - Without them, no N26. They provide the software, which enables challenger banks like them.Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation https://buff.ly/35QYn0pRelated: Start-Up Personio Joins Circle of Unicorns - Technical University of Munich - School of Management https://buff.ly/2YgKm7W
Delivery Hero raises 1.2 bn in fresh capitalDelivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling "in hours" 9.44 mn new shares for 132 Euros each https://buff.ly/394ZFFQRelated:Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros https://buff.ly/2MPUt11
Auto1 IPOAuto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) https://buff.ly/3plC62nOlder articles related to this IPO - you can see the fundraising went up 500 million More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth https://buff.ly/38Hq0uz Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros https://buff.ly/3bxbWWx
Amazon TV or Radio Station in Germany?Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 https://buff.ly/3bW0Mur
Wirecard We keep you updated, just a small selection of news here.
Keep in mind there is still an investigative committee ongoing.
Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency https://buff.ly/3bW2ITUIn Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke https://buff.ly/39eVNDz
Ecosystem Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 https://buff.ly/3972zd0 January 4thTech workers want to relocate to Germany more than any other country in the world https://buff.ly/2Jims8n Germany starts with the test of a countrywide patient file, called "E-Patientenakte." The users can carry around all their medical files (x-rays, reports ...) on their smartphone and grant their physician access https://buff.ly/3hHb3M4Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. according to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US$) https://buff.ly/3oMxaDEIn the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 https://buff.ly/3o5IeKU
Hubs Note: The order of news and cities is only due to the time when we discovered the news.
FrankfurtFrankfurt-based provider of high performance computing Northern Data ...
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This Month in German Startups - 2020 Review
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City. This is an annual tradition, where we look at the past year and forward into the coming one. Not to mention, we have been totally wrong last year with the outlook, so we are more sticking to the review this year.
Today we bring you an overview of the German startup corona aid, an overview of the German startup scene, lists of top startup stories, a few outlooks on 2021, and a bit of wine :-)
Ecosystem European Startup Scene 2020 - Snapshothttps://2020.stateofeuropeantech.com/chapter/state-european-tech-2020/article/exec-sum/
8 crucial takeaways from Atomico's recently-launched The State of European Tech 2020 report | via Silicon Canals https://buff.ly/3m6MxVg
‘Megarounds’ helped European Tech ecosystem growWhile many founders found it more challenging to get funding, 2020 is on track to be a record year, with potential to surpass $41B invested, driven by more $100M+ deals.Germany is projected 23 bn US$Low capital, pivoting the product, and sales decline hit founders hardest in 2020International investment hasn’t dried upFrance is the only one of Europe’s three largest markets to grow in 2020. London remains the biggest investment hub in 2020Travel sector gets notably low investmentsInvestment in purpose-driven tech companies soarsGender and racial inequality still prevails in the European tech ecosystem
List: 10 biggest healthtech stories of 2020 https://buff.ly/3aQlnjv
The guinea pigs of Germany’s new healthcare revolutionBioNTech: the German biotech startup behind the coronavirus vaccine
Hot or not: Where European VC funding went in 2020 by Pitchbook https://buff.ly/3nMSzf7 - Difference to Atomico ⇒ Different source for data ...
UK still has the largest VC market in total (13.7 bn $), but Germany (6.8 bn $) grew three times as fast with 10.9% vs UK’s +1.7% BUT this may also be due to Brexit. We will see what 2021 brings. According to Pitchbook France grew by an astonishing 25.4% to a total of 6.1 bn $. The other markets in Europe surpassing 1 bn $ are Sweden (3.2 bn$), Spain (1.4 bn$), and Finland (1.2 bn$).
These are the 10 largest funding rounds of Europe in 2020 https://buff.ly/2W1KGX8
including AUTO1 Group, Tier Scooters and Lilium from Germany
German Startup Scene 2020 - Snapshot Deutscher Startup Monitor https://deutscherstartupmonitor.de/
This is an annual survey by the German startup association, this year more than 1.900 startups participated.The largest share of the - participating startups - (note, there is a bias here) have been inBerlin 17,7%Rhein-Rhur (Cologne, Düsseldorf, …) 12.8%Munich 6.5%Hamburg 5.8%This is one of the reasons we try to highlight so many startups from different areas, since not only every 5th startup is in Berlin. Please note that we try to have approx. 20% of our interviews from Berlin, to give these startups also a fair representation.On average a startup in the survey employed 14.3 employees, up from 13.3 in 2019 and 12.3 in 2018. Despite Corona, 90% were planning to hire people. 15.9% of founders are female in this survey, slightly up from the previous years (15.7% in ‘19 and 15.1% ‘18)Universities play a central role as a core for a startup cluster, especially Germany’s Technische Hochschule (technical universities aka TU) e.g. TU München, KIT, RWTH Aachen, LMU München, Universität Mannheim, Universität Bremen, WHU, TU Berlin, TU Darmstadt and FU Berlin.~ 20% of founders have a migration backgroundThe most important technology is AI, more than 26.7% of startups had a SaaS business model68.8% of all startups focus on B2B, 26.5% on B2C, and 4.7% on B2G (Business to Government)The most important funding sources are the founder's own savings (used by 78.4%), government programs (used by 44.3%), and business angels (used by 31.6%). Actually...
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Meet Europe’s most important Seed Investor
We are the most active seed investor in Europe.
Alex von Frankenberg, MD HTGF
The InvestorAlexander “Alex” von Frankenberg (https://www.linkedin.com/in/justdoitalex/, https://twitter.com/Justdoitalex, https://www.crunchbase.com/person/alexander-von-frankenberg) is Managing Director of Germany’s High-Tech Gründerfonds (HTGF).
We helped to raise 2,8 bn Euros in follow-on funding for our portfolio companies.
Alex von Frankenberg, MD HTGF
HTGF is a venture capital investor with private (like BASF, Bayer, Braun, Boehringer Ingelheim, Cewe, Dräger, Haniel, Lanxess, RWE, SAP, …) and public LPs (KfW, German Federal Government). The fund has approximately 890 m € (1 bn US$) in assets under management and close to 600 seed investments. focuses its investments in Europe, especially Germany, but also invests across the world – even at a lesser degree.
In my experience in the venture business: It is really the “long tail” that matters ... it is also in the long tail, in den deal flow, where you need to find the hidden gems
Alex von Frankenberg, MD HTGF
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I think our record was 28 days between first meeting the startup and signing the [investment] contract.
Alex von Frankenberg, MD HTGF
The FundIn 2005 HTGF (https://www.htgf.de/en/, https://www.crunchbase.com/organization/high-tech-gr%C3%BCnderfonds, https://twitter.com/HTGF, https://www.linkedin.com/company/high-tech-grunderfonds/) was established as a private-public partnership, to compensate – at the time – for the lack of active, domestic seed investors. Just two years after the bursting of the dot com bubble many seed investors went out of business and so an expert group of the German government recommended setting up a fund. The private investors helped HTGF to develop into a real venture fund, not only a public funding entity.
I reply to every email, even one that would just say “Yo, we should talk”.
Alex von Frankenberg, MD HTGF
On average it takes three months between the first contact with HTGF and its investment. Note this may vary significantly during corona and maybe some time afterwards.
HTGF always takes the role of a lead investor in a seed-stage investment. This is due to their history. In later rounds, they will give up the role of a lead investor.
HTGF IVHTGF is currently raising its fourth fund and is looking to close the fund in June 2022.
We not only open doors at our LPs for our portfolio companies, we also know many many other companies.
Alex von Frankenberg, MD HTGF
Further Readings / Additional Resources
Dot-com bubble: https://en.wikipedia.org/wiki/Dot-com_bubble, https://www.investopedia.com/terms/d/dotcom-bubble.asp
We can invest globally, but we are focusing on Germany.
Alex von Frankenberg, MD HTGF
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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This Month in German Startups - December 2020
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Welcome to the Chris-mas edition :-)
Today we are wrapping up December 2020 for you. Please keep in mind that due to the holidays and the current lockdown in Germany we are recording this news on December 15th. All news not included here will be part of our January warp-up and there will be a 2020 review 2021outlook as well.
Today we bring you news about the 10 bn investment package of the German government, the new DAX, Peter Thiel’s investments in Germany, Taxes, AI, and much more.
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💢 Tech Startups Germany by Startuprad.io - Audio onlyiTunes https://apple.co/2Z17bflSpotify https://spoti.fi/3kCcgoB Housekeeping - Time to brag We have only one thing to say: Stay safe everybody! Be grateful for what you have!
Affiliate LinksThe current situation with the Coronavirus-related lockdown is frequently compared to severe economic recessions including, but not limited to the 2008 Financial Crisis and the Stock Market Crash of 1929. If you want to know more, consider these books below.
“Galbraith was asked by Arthur M. Schlesinger Jr. if he would write the definitive work on the Great Depression that he would then use as a reference source for his own intended work on Roosevelt.” (from Wikipedia) - The Great Crash 1929 by John Kenneth Galbraith https://amzn.to/3cl41sAEssays on the Great Depression https://amzn.to/2VvEsht by former Fed Chairmen Ben S. Bernanke “an American economist at the Brookings Institution[3] who served two terms as Chair of the Federal Reserve, the central bank of the United States, from 2006 to 2014” (from Wikipedia)From John Kenneth Galbraith as well: A Short History of Financial Euphoria https://amzn.to/2VxngbgA great book on crashes, bubbles, and economic uncertainty, in general, is “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor https://amzn.to/2VaUDSlAll the news and links here
https://www.startuprad.io/blog/this-month-in-german-startups-december-2020/
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This Month in German Startups - November 2020
Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Today we are wrapping up November 2020 for you with an update on German startups working on corona vaccines, Flixbus, Finleap, Rocket Internet’s ongoing delisting, and a potential digital Euro
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Tech Startups Germany by Startuprad.io - Audio PodcastiTunes https://apple.co/2Z17bflSpotify https://spoti.fi/3kCcgoB
Housekeeping - Time to brag
We have only one thing to say: Stay safe everybody! Be grateful for what you have!
Affiliated Links
Why not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
· Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlB
· Recommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKe
· Recommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhw
· Recommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQ
· Recommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06
· Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn
Show Notes, Links and more reading
https://www.startuprad.io/blog/this-month-in-german-startups-november-2020/
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Artificial Connect uses AI to generate automated local event announcementsIn Hannover [a city of 790.000] there are 40.000 to 60.000 events in a normal year. The problem of the publishers was to first generate all the event information and second to write articles about them.
Felix Rolf, CEO Artificial Connect
Media PartnershipThis interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year’s batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.
The FounderIn this interview, we are talking to Felix Rolf (https://www.linkedin.com/in/felix-rolf-526a4894/) the founder and CEO of Artificial Connect (https://www.artificial-connect.com/), an AI startup located in the beautiful city of Hannover.
Felix originally started with an advertising conglomerate with roots in newspaper publishing, where he got to work in several departments. He enjoyed his time in digitalization projects, especially in data science. During his time there he worked at the intersection of data science and sales.
I participated in a boot camp for three months to learn about the statistical tools needed for data science.
Felix Rolf, CEO Artificial Connect
PatreonLearn about our interviews hours before they are released, help in the selection of the startups we interview or even suggest startups to be interviewed, by becoming a Patron: https://buff.ly/32bZ4zW
DueDashIf you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there: https://buff.ly/2R90PYp
Affiliate LinksWhy not learn from entrepreneurs and executives who are open to sharing their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn Find all links and show notes here: https://www.startuprad.io/blog/podcast-artificial-connect-uses-ai-to-generate-automated-local-event-announcements/
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Scriptbakery taught an AI to analyze manuscripts and the emotions of a potential reader98% of the manuscripts sent to publishing houses are not read right now.
Patrick Kaiser, COO Scriptbakery
Media PartnershipThis interview is in media partnership with the CONTENTshif accelerator program (https://www.contentshift.de/en/accelerator/programme/for-startups/), which we follow since its inception. CONTENTshift is the accelerator program of the German Book Publishers and Printers Association. Below you will find more interviews from past batches. We used to record the interviews directly at Frankfurt Book Fair, but since it is canceled this year due to Corona, we resorted to remote only interviews. At the time of the recording, we did not know who won the final award. The winner of this year's batch is SciFlow (https://www.contentshift.de/en/contentshift/news/congratulations-to-sciflow/). We will publish the exclusive interview with them as the last of our series this year.
The FounderWe talk to Patrick Kaiser (https://www.linkedin.com/in/patrick-kaiser-5978ba1b6/), the COO of Scriptbakery (https://www.scriptbakery.de/), a Freiburg based startup, which taught its AI to analyze a book script and analyze the potential emotions of a reader.
Patrick got his job as COO because he has a black belt in Kungfu. The founder of the company knows him from the Kungfu gym, where the founder was Patrick’s student.
We taught our AI with 1.7 mn data points, to make it work with all European languages
Patrick Kaiser, COO Scriptbakery
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The largest chunk we get here as scripts are biographies by Professors and Teachers who have retired
Patrick Kaiser, COO Scriptbakery
Blog PostFind all the links and show notes here: https://www.startuprad.io/blog/scriptbakery-taught-an-ai-to-analyze-manuscripts-and-the-emotions-of-a-potential-reader/
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This Month in German Startups - October 2020Welcome to This Month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Today we are wrapping up October 2020 for you with a monster round in the making at N26, new information on the Wirecard insolvency and questions about published information of Heidelberg based insurance startup Getsafe.
You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Or become a Patron at Patreon: https://buff.ly/32bZ4zW
Thank you!
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doks. innovation enables indoor drone flights for next-level digital logisticsInside a building GPS does not work. We use a combination of global mapping and local mapping… it is very very complex.
Benjamin Federmann, CEO and Co-Founder doks.innovation
The FounderIn this interview, we talk to Benjamin Federmann (https://www.linkedin.com/in/benjaminfedermann/) the CEO and Co-Founder of Kassel-based drone startup doks. innovation (https://www.doks-innovation.com/). D oks.innovation is not a hardware startup, they only provide Benjamin has spent some time after university in marketing and consulting for some smaller and also well-known companies like Leica.
The feedback from the interviews I conducted was so good, I was sure I needed to found the company
Benjamin Federmann, CEO and Co-Founder doks.innovation
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The customer can ask almost any question and find the answer in our data.
Benjamin Federmann, CEO and Co-Founder doks.innovation
DueDashIf you don’t like Patreon, there is DueDash. DueDash is a Social Network, for startups and investors. We have a group of supporters there as well. You can join the group there: https://buff.ly/2R90PYp
When we started with our first prototype, we crashed 30 to 40 drones.
Benjamin Federmann, CEO and Co-Founder doks.innovation
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Our drone is a flying camera to collect data for the inventory management.
Benjamin Federmann, CEO and Co-Founder doks.innovation
The Startup
The startup doks.innovation enables companies to monitor their warehouses via drones, which can fly indoors without smacking on any shelf or wall. Doks is not a hardware startup. doks.innovation provides only the ai software for the drones to enable them to fly indoors. On the other hand, they are also working closely with hardware providers, since they have very specific requirements for their drones. The drones are using cutting-edge drone hardware, which is not yet publicly available.
The company is still small, but they have reference customers like Mars and BMW.
Our clients have to press a button and come back 3 or 4 hours later. The data collection is totally automated. The customer can ask almost any question and can find the answer in our data.
Benjamin Federmann, CEO and Co-Founder doks.innovation
Venture Capital Fundingdoks.innovation is open to talking to new investors from Europe and the US. They are looking for the next financing round in Q1 2021 and to expand to the US in 2021.
When we stared there was no hardware available for what we have been looking for.
Benjamin Federmann, CEO and Co-Founder doks.innovation
The Video Interview is set to go live on October 15th, 2020 19.00 CET Frankfurt/Paris/Zürich/Milanohttps://youtu.be/yi8SmEMuuj8
Drones are good for land surveying, but are there areas where drones are currently not working? So I made more than 100 interviews in one and a half year.
Benjamin Federmann, CEO and Co-Founder doks.innovation
Further Readings / Additional ResourcesLearn more about Kassel here: https://www.tripadvisor.com/Tourism-g187342-Kassel_Hesse-Vacations.html
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
Send in a voice message: https://anchor.fm/deeptechgermany/message
This Month in German Startups - Summer 2020 Wrap-UpWelcome to this month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Today we are wrapping up summer 2020 for you. This is going to take a bit longer than normal, so grab a coffee and relax on the couch.
You can now join us on the entrepreneur network DueDash: https://buff.ly/2R90PYp with 5 Euros a month you support our work! Thank you!
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💢 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
Housekeeping - Time to brag We made it now in 39 Countries in the podcast charts, adding Switzerland, Zimbabwe, Israel, and Indonesia! Thank you!
[caption id="attachment_3669" align="alignleft" width="800"]Podcast Charts Appearances of Startuprad.io - Now in 39 countries[/caption]
As a premier source for startup information from Germany, Startupradio was already a part of the US launch of podcasts on Amazon Music and is now in Germany as well.
https://www.instagram.com/p/CFcAK3wj3Gn/
Video News - This video will go live on Thursday, September 24th 19.00 CET (Frankfurt, Zürich, Berlin, Milan)https://youtu.be/AQBKnWmxaTY
Audio News - The audio podcast will go live at the same timeWe just need some time after the release until we can embed the Spotify player here.
Top NewsCoronavirus / Curevac Curevac was one of the biggest startup stories during the summer. They are a Tübingen, Germany-based biotech company, working on a coronavirus vaccine.
They IPOed for more than 200 mn US$ (https://buff.ly/3iUsus6)
They got visited by Elon Musk (https://buff.ly/3cjMdzf)
And we already blogged about their government investment in June (https://buff.ly/3iY0y6Q)
And they received a large investment pre-IPO by two international heavy weights:
Pre-IPO: Qatar Investment Authority takes stake in vaccine-maker CureVac https://buff.ly/3jnYZzD Glaxosmithkline (GSK) pays 142 mn Euro for 10% stake in one of #Germany's most promising candidates for a #coronavirus #vaccine Curevac from Tuebingen https://buff.ly/3homvLk Coronavirus / Potential super spreader event in the Berlin startup scene?deutsche-startups reports in their podcast, that a super-spreader event took place in the Berlin Venture Capital and startup scene on Friday, September 11th https://buff.ly/2ElAxzc
Wirecard We keep you updated, just a small selection of news here
Wirecard's liquidator sends employees into garden leave without pay via email after 20.00 o'clock. Rumors talk about 50% of the more than 1.000 employees https://buff.ly/34wB7F6
Related: Wirecard scandal fallout sees 50% of German staff laid off https://buff.ly/3hvG30vWirecard liabilities exceeding the assets by 2.8 bn Euro, only a few of the companies within the group had revenues at all says an expert assessment obtained by German media https://buff.ly/2EzLhKv Berlin-based Finleap snapped up some employees there:
Finleap starts a new unit Finleap Forward, with former Wirecard employees to help banks, insurers and SMEs with their digital transformation https://buff.ly/2QsWkra
More details emerged: Finleap hired a team of six employees of the Wirecard Innovation Labs to help banks, insurance companies, and SMEs with their digital transformation https://buff.ly/3hza2EYBerlin-based big data startup SO1 was bought shortly before the accounting scandal, now the founders bought assets back https://buff.ly/32JMcl0 More than 100 potential bidders lined up to acquire parts of #Wirecard, Germany’s erstwhile fintech darling” https:...
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Cyreen provides brick and mortar retailers with analytics for offline shopping cartsWe analyze shopping behaviour based on the contact with an in-store commercial. Our system does not even know if you are male or female.
Davide Scheidegger, Co-Founder Cyreen
[caption id="attachment_3655" align="aligncenter" width="1194"]Cyreen establishes a data-driven retail media standard for consumer brands in supermarkets. Courtesy of Cyreen[/caption]The FounderWe talk to Davide Scheidegger (https://www.linkedin.com/in/davidescheidegger/), who is originally from Switzerland, but now lives in Wiesbaden, working with his other co-founders on their startup Cyreen (https://www.cyreen.de/). They provide with movement tracking of shopping carts and in-store-advertisements, analytics for brick and mortar retailers, as well as for retail brands.
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This is kind of the best advertisement in Germany, when you say: “Today you save 20%”
Davide Scheidegger, Co-Founder Cyreen
The StartupCyreen is an analytics software for inside a brick and mortar retailer. The tool tracks (anonymized) shopping carts and analyze customer behavior in the market. They can also show advertisements to the clients inside the retailer on small screens and track their efficiency. Cyreen can also include outside parameters e.g. temperature.
Cyreen is an award-winning start-up that provides transparent, measurable and close-to-purchase marketing solutions for advertisers. They successfully launched their first product C.A.P. (Connecting Ad-Impressions with Purchase) in several stores. With C.A.P., they have developed a high-end digital signage system. For the first time, detailed advertising effectiveness analyses for offline marketing are possible according to the online logic of Facebook & Co.
We normally don’t talk to our clients directly, but via our ad & media agencies.
Davide Scheidegger, Co-Founder Cyreen
Davide refers to this advertisement of Wiesenhof, which they helped to measure in storeAtze Schröder Wiesenhof, was one of the commercials measured by Cyreen in-store:
https://youtu.be/7BZfmh7JM68
More information on their tool CAP - Connecting Ad-Impressions with Purchase (Cyreen is the name of the company)https://vimeo.com/341804155
A study by the University of St. Gallen. The link will open a PDF.
We even tested the advertisement for ice cream in winter.
Davide Scheidegger, Co-Founder Cyreen
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Even though I have not been to Wiesbaden before, I fell in love with the city instantly. Mainz is not too far away and the wine is great.
Davide Scheidegger, Co-Founder Cyreen
The Video Interview is set to go live on September 17th 19.00 CET (Frankfurt / Zürich)https://youtu.be/iN0RgBpMYg8
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Further Readings / Additional Ress...
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NAIX redacts Contracts with AI for companies in M&A Transactions
“Companies tended to accept the [GDPR] fines since they are not as high as the costs of the manual redaction of data, but now we are here”
Ramin Karbalaie, CEO and Founder NAIX Technology
Media PartnershipNAIX Technology is Frankfurt Forward's (https://www.frankfurtforward.com/) Startup of the Month September 2020. Congratulations. As part of our media partnership, we are bringing you the interview with its astrophysicist CEO and Founder Ramin.
The FounderIn this interview, we are talking to Ramin Karbalaie (https://www.linkedin.com/in/ramin-karbalaie-b9022a185/), CEO, and Co-Founder of Frankfurt and Cologne-based NAIX Technology (https://naix.de/en). The AI startup and legal tech help do anonymize documents for large companies and corporations, e.g. in case they need to be put in a data room. More on this later.
Ramin is highly gifted, he started to study astrophysics at university already during high school (in Germany highly gifted student can do that) and finished several semesters worth of course work before graduating from high school.
His mother is a linguist and so he was early exposed to linguistics, which sparked his interest in computer linguistic and later natural language processing (NLP). This is where the legal part, the ai, the natural language processing, and the quantitative training come together to form NAIX Technologies.
The startup counts among its mentors one of the managing directors of the private investment office of Rothschild & Co.
“When I was studying astrophysics I had to work, so I took any job. I used to work as a working student in a big international law firm. … There I talk to lawyers about their pains. … so, things evolved”
Ramin Karbalaie, CEO and Founder NAIX Technology
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“We anonymize contracts, so lawyers and consultants are not violating data protection law in due diligence”
Ramin Karbalaie, CEO and Founder NAIX Technology
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“We work for investigative committees of the German parliament, which is pretty cool at least for us”
Ramin Karbalaie, CEO and Founder NAIX Technology
The StartupThe startup is providing anonymization and pseudonymization for contracts and other legal documents. This is needed due to European data protection laws. If a company is sold, a buyer will want to look deep in the books and contracts of an entity he or she buys. Such a phase in a transaction is called Due Diligence. Due to data protection, the contracts with all personal information cannot be shared, but the buyer needs them to evaluate the company, so NAIX comes in and takes out all private information so contracts and other information can be shared, without violating the law.
The system of NAIX is based on AI technology. They are not only working for private companies, but also for the public sector like investigative committees of the German Federal Government and other high-profile bodies.
Their tools can also be used in knowledge management, so e.g. contracts can be shared in large law firms without violating data protection.
“We automatically redact contracts for M&A transactions”
Ramin Karbalaie, CEO and Founder NAIX Technology
The Video Interview is set to go live on T...
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NGRAVE offers the most secure end-to-end solution in the world for managing digital assetsYou cannot brute force our private keys.
You cannot predict our private keys.
The private key is generated on the spot, even we as the manufacturer do not know your private key.
There are no back-doors in our device.
Ruben Merre, CEO and Co-Founder NGRAVE
The FounderThis time we talk to Ruben Merre, the CEO and Co-Founder (https://www.linkedin.com/in/ruben-merre/, https://medium.com/ngrave) of NGRAVE (https://www.ngrave.io/), which offers a highly secure solution to manage one’s digital assets. Ruben originally stared out with a business engineering degree. He not only worked as a strategy consultant, contributor to Hackernoon (https://hackernoon.com/u/ruben.merre) but also is a bestseller online investment instructor at UDEMY (https://www.udemy.com/user/rubenmerre/).
This interview is part of our ongoing media partnership with Accelerator Frankfurt (https://www.acceleratorfrankfurt.com/).
In 2019 a record 4.5 bn US$ in cryptocurrencies was stolen… we still see the same trend. Hacks are increasing in size and in frequency …
Ruben Merre, CEO and Co-Founder NGRAVE
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There are no solutions to own your crypto, how it should be.
Ruben Merre, CEO and Co-Founder NGRAVE
The StartupOfficially the startup NGRAVE (https://www.ngrave.io/, https://www.crunchbase.com/organization/ngrave´), based out of Brussels, Belgium. The story started as the former project of one of the three co-founders was hacked and approximately 10 million US$ worth in Ethereum was stolen. The old project was shut down and NGRAVE was founded to provide a secure way of storing digital or crypto assets.
Venture Capital FundingNGRAVE is looking for funding in the second half of 2020.
There are no backdoors in our product.
Ruben Merre, CEO and Co-Founder NGRAVE
Indiegogo CampaignAt the time of the interview, the campaign was not yet launched. At the time of the publication the campaign already ended, but they raised more than 380.000 € (more than 450.000 US$), achieving more than 1.500% of their goal of 25.000 € (https://www.indiegogo.com/projects/zero-the-most-secure-easy-to-use-crypto-wallet#/).
Our device looks like a small smartphone. The device is completely disconnected from the world, so no hacker can access it. …. Nobody can ever steal the private keys, because they are never exposed.
Ruben Merre, CEO and Co-Founder NGRAVE
Pre-order the Device (NGRAVE Zero)For everybody who missed the Campaign, you can buy the device here: https://www.ngrave.io/products/zero.
This is not an affiliate link.
The Video Interview is set to go live on Thursday, August 27th 19.00 CEThttps://youtu.be/NZoSbjoRJzg
You generate your private key at first activation of your NGRAVE Zero. Your biometric data like your fingerprint, but also external data like the ambient lighting at that moment. That makes statistically a unique key.
Ruben Merre, CEO and Co-Founder NGRAVE
The Audio PodcastSubscribe to our podcasts here
We build our backup as a stainless-steel puzzle. It survives if your house burns down and since it is a puzzle – no one who random finds it – will know your private key
Ruben Merre, CEO and Co-Founder NGRAVE
Further Readings / Additional Resources
IBAN https://www.investopedia.com/terms/i/iban.asp
Blockchain Hacks https://www.investopedia.com/news/largest-cryptocurrency-hacks-so-far-year/
Private Key https://searchsecurity.techtarget.com/...
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Meet Wingcopter – The startup that develops drones for UPS
We don’t follow up on offers for military purposes. Wingcopter should serve mankind
Tom Plümmer CEO and Co-Founder Wingcopter
The FounderIn this interview we are talking to Tom Plümmer (https://www.linkedin.com/in/wingcopter/), CEO and Co-Founder of Rhine-Main-based drone startup Wingcopter (https://wingcopter.com/, https://www.crunchbase.com/organization/wingcopter), which won the title Startup of the Month by our media partner Frankfurt Forward (https://www.frankfurtforward.com/startups-of-the-month).
For a long time, we bootstrapped our startup by selling the drones we already produced.
Tom Plümmer CEO and Co-Founder Wingcopter
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I studied film, and it turned into aerial filming. I could never find a drone to fit my needs.
Tom Plümmer CEO and Co-Founder Wingcopter
The Startup
Wingcopter is a vertical take-off drone. It is not a multicopter, with four to eight rotors, but it combines vertical takeoff capabilities with wings for long ranges. The drone the ability to navigate and can (depending on the regulation) be piloted beyond the visual line of sight in some countries.
I am not an engineer. That’s why it is a little bit crazy that I ended up in this position, running now a company with really really capable engineers.
Tom Plümmer CEO and Co-Founder Wingcopter
Wingcopter holds a patent for its tilt-rotor drones. The "tilt-rotor" is the USP of Wingcopter and enables the impressive capabilities of the small aircraft to deliver (mostly medical) goods far, fast, and safe.
In the beginning, they received a lot of requests for the military use of their drones, which they always denied. On the other hand, they are working with DHL and UPS, as well as delivery of medical products (especially vaccines) with UNICEF. They work to deliver time-sensitive medical supplies already in projects in Vanuatu (Pacific Island), Scotland, Ireland, Malawi, Ethiopia, or Tanzania.
Cooperation in Germany with MerckIn Germany they are also working with Merck, transferring laboratory samples. In the past, they have been a startup in one of the batches of the Merck Accelerator Program. You can learn more about the program here. Note the interviews are sponsored content on our channel:
https://www.youtube.com/watch?v=zetBlvE_1Fw&list=PLUbiCAQc22WsPgZfsShQffGE8EzAsRuxW
We are currently looking into running commercial drone flights beyond line of sight
Tom Plümmer CEO and Co-Founder Wingcopter
Venture Capital FundingAfter a long time of bootstrapping, they raised venture capital end of 2019 and again in Q1 in 2020. You can learn more here: https://www.suasnews.com/2020/03/wingcopter-secures-further-investment-from-corecam/ They are currently in talks for more funding.
The Video Interview is set to go live on August 13th, 2020, 19.00 CET Frankfurt / 1 pm Easternhttps://youtu.be/3xurldMpDbY
We build industrial drones, not toys for everybody.
Tom Plümmer CEO and Co-Founder Wingcopter
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Hawa Dawa is an environment intelligence company – Originally founded to help asthma patientsThe idea of the wearable device was to crowdsource the data. All people using the device would contribute data on air quality.
Karim Tarraf CEO and Co-Founder Hawa Dawa
Audience Note on Recording QualityIn the beginning, we had some problems with the audio and video quality of the interview. Please stick with us it gets much better during the interview. We are sorry about that, but our influence on internet bandwidth is very limited.
The FounderIn this interview, we talk to Karim Tarraf (https://www.linkedin.com/in/karim-hesham-tarraf-a0773250/), the CEO and Co-Founder of Munich-based Hawa Dawa (https://hawadawa.com/, https://www.crunchbase.com/organization/hawa-dawa-munich-germany, https://twitter.com/hawadawalabs). He was originally born in Kairo to an Egyptian-German family. He graduated from the Technical University of Munich (TU Munich or TUM) and started to work on projects and government entities on topics of climate change and development assistance (for countries). In those capacities, he worked for projects with the UN Environment Program.
Karim personally witnessed the Arab Spring in Egypt, which left an impression on him.
He later got back to TU Munich for a master's degree, were the first ideas of Hawa Dawa emerged. TU Munich also has a large startup and entrepreneurship program. You can learn more about the program called UnternehmerTUM here.
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The StartupWithin a seminar at his master courses, Karim participated in a two-week hackathon. Next to him, there was an Indian student, who talked about the air pollution in India. So they developed a wearable device for asthma patients, to measure air quality. Asthma patients should – due to their health condition – avoid polluted air and the device could help them do this.
The idea to gather the data did now work well, so they started developing their own stations to measure air quality. This made them to an environment intelligence company.
The founders discovered similarities in several languages where Hawa means air and Dawa means medicine, so they combined both. The startup creates the data and places them on data markets. Measuring air quality is not as simple, as it first sounds. During the interview, we talk about technical details and it turns out that they even use AI to calibrate their sensors.
Venture Capital FundingHawa Dawa is looking for a funding round for internationalization in 2021. We will connect you if you are interested.
The Video Interview went live on August 6th, 2020, 19.00 Frankfurt local time (CET) / 1 PM Easternhttps://youtu.be/kDJhVI6kAO0
The Audio Interview is set to go live on August 11th during the night - German local timeThe Audio Podcast will be published next week. Subscribe to our podcasts here
Further Readings / Additional ResourcesIn this interview, we included all further reading links in the show notes.
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The HostThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him:
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Datability enables airlines to safe money with digital twins
We enable fuel savings for airplanes with digital twins of individual airplanes
Sebstian Baumann, Founder and Co-CEO DATAbility
Frankfurt Forwards Startup of the MonthThis interview is in a media partnership with Frankfurt Forward. DATAbility is the Frankfurt Forward Startup of the Month July 2020. Congratulations!
Learn more about Frankfurt Forward and how to apply here: https://www.frankfurtforward.com/
We are looking for funding or a strategic partnership.
Sebstian Baumann, Founder and Co-CEO DATAbility
The FounderIn this interview Startuprad.io is talking to Sebastian Baumann (https://www.linkedin.com/in/sebastian-oliver-baumann/), Founder and Co-CEO of Rhine-Main based AI startup DATAbility (https://www.datability.ai/). He is not only an entrepreneur but also working on his Ph.D. Thesis, which he hopes to submit this year. So he will be a Ph.D. in 2020 or 2021. Fingers cross for him!
Different airplanes are operated differently by different airlines and from pilots. You want to phase this in your digital twin to make more precise calculation
Sebstian Baumann, Founder and Co-CEO DATAbility
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The StartupThe startup enables digital twins of real existing airplanes, helicopters, and the like. With their tool, they can calculate the fuel flow of the engine with the respective plane. Now the machine learning framework will train the algorithm.
DATAbility develops customized software solutions and digital services for the diagnosis and prognosis of machine status and the automation of processes aiming to reduce the quality-related costs in failure control, prevention, and correction. A high level of customer satisfaction and strong customer loyalty should have top priority in mechanical and plant engineering. But machine downtimes impede these and cost a lot of money. The identification of the correct spare part or the cause of system downtime is not trivial.
Venture Capital FundingDATAbility is looking for funding, a Series A for the development costs of their scalable software solution. They are also open for a strategic partner to widen their (sales) network.
The Video Interview is set to go live on Thursday, July 16th 19.00 Frankfurt local time (CET), 1 pm Eastern (EST), 18.00 London local time (UTC)https://youtu.be/3uFBqxkxBk8
The Audio Interview is set to go live on Tuesday, July 21stThe Audio Podcast will be published next week. Subscribe to our podcasts here
Further Readings / Additional RessourcesJet Stream: https://en.wikipedia.org/wiki/Jet_stream
Digital Twins: https://en.wikipedia.org/wiki/Digital_twin
Hannover Messe (the trade fair Sebastian refers to) https://www.hannovermesse.de/en/
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
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
Send in a voice message: https://anchor.fm/deeptechgermany/message
Our founderA summer message from our founder Jörn “Joe” Menninger (LinkedIn, Twitter, Crunchbase) in times of Corona.
https://www.instagram.com/p/CCGvgRhIKAw/
Hello and welcome, everybody, this is Joe – Founder and Host – of Startuprad.io. It is the beginning of July and I wanted to take the opportunity to reach out to you.
First, I wanted to wish you a great summer – as great as it can be under the current circumstances.
Second, I wanted to let you know that for July and August we take some time off. Our news is in the regular summer break – Enjoy your summer in New York Chris!
We will also publish interviews only every other week. We normally used summer to publish interviews from our backlog, but since there have been almost no events we attended in person, there is less backlog.
We will be back to a weekly publishing schedule in September. Until then, enjoy your time and thank you to all our listeners, who made us reach the podcast charts in now 35 countries across the world. The last ones added have been Hong Kong and Kuwait.
If you like our podcast, consider supporting us on Patreon.
Have a great summer and see you again in September!
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Video – Enjoy the summer – As much as you can and stay safehttps://youtu.be/cmCgRkvO7xY
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QuoScient helps to analyze, investigate and respond to cyber-threats Attackers are devious… During the current health crisis, they are going after health institutions and hospitals. They don’t basically care that they are doing damage to people who have already health problems.
Ioannis Bizimis, Co-Founder QuoScient
The FounderIn this interview, we are talking to Ioannis Bizimis (https://www.linkedin.com/in/ioannis-bizimis-6423527/, https://twitter.com/defense_active), the Co-Founder, CFO, CRO, and CISO of QuoScient.
Ioannis has been an Investment Manager, project lead with Dow Jones, with MarkIt, an employee of Deutsche Bank and other well-regarded companies. He has a lot of experience and with this experience, he started to set up QuoScient.
One of the biggest strategies [of hackers] is to come into your network and stay there and install as many backdoors as they can. They will use them when they need it.
Ioannis Bizimis, Co-Founder QuoScient
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It costs hackers just a few hundred Dollars or Euros to build up an attack campaign. The effort on the other side is thousands, sometimes millions to understand this kind of campaign.
Ioannis Bizimis, Co-Founder QuoScient
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The StartupQuoScient (https://www.quoscient.io/, https://www.crunchbase.com/organization/quoscient) is a cybersecurity startup, which recently split into three parts to better pursue their respective activities. Two of those entities are still headquartered in Frankfurt, one in Columbia, Maryland (close to Baltimore). They basically split along their business lines:
QuoLab Technologies – Defense Technology https://quolab.com/QuoSec – Security Consulting https://www.quosec.net/QuoIntelligence – Cyber Threat Intelligence https://quointelligence.eu/
[A company] first must understand what their most critical assets are and what are the [cyber] risks to those assets.
Ioannis Bizimis, Co-Founder QuoScient
Venture Capital FundingQuoScient has just raised venture capital. They may be looking at another funding round in the fall of 2020. If you want to keep posted, reach out to us.
Threats can not only come from the outside. Capable hackers can also send you someone, pretending to work for you as contractor. … they do this professionally.
Ioannis Bizimis, Co-Founder QuoScient
The Video Interview is set to go live on July 2nd, 2020 19.00 CEThttps://youtu.be/qM_ngqKHuZ4
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Further Readings / Additional ResourcesFront Office https://www.investopedia.com/terms/f/frontoffice.aspBack Office https://www.investopedia.com/terms/b/backoffice.aspMiddle Office https://www.investopedia.com/terms/m/middleoffice.aspNeuer Markt / and its index Nemax https://deutsche-boerse.com/dbg-en/our-company/know-how/glossary/glossary-article/NEMAX-50-248782Trading Floor https://www.investopedia.com/terms/t/trading_floor.aspSWIFT https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_TelecommunicationHave a look at the other interview Joe refers to with IT SEAL:
https://www.startuprad.io/blog/it-seal-helps-companies-to-train-their-employees-in-cyber-security/
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This Month in German Startups - June 2020IntroToday we are going to talk about German startups, in the process of producing vaccines for Covid19, the potential accounting fraud at Wirecard, startups in Frankfurt, Munich, Cologne and Berlin, and the 110th Birthday of Konrad Zuse, the inventor of the modern-day computer.
Welcome to this month in German Startups by Startuprad.io - in a transatlantic news recording with Chris in New York City.
Reach out to usOur 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 joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)Christian “Chris” Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)PatreonIf you like our podcast, consider supporting us on Patreon: https://www.patreon.com/startupradio
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💢 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/2M8ZxKJThe Video Interview is set to go live on Thursday, June 25th 2020https://youtu.be/xRNMoOSm28Y
The Audio Interview is set to go live on June 30th, 2020The Audio Podcast will be published next week. Subscribe to our podcasts here
Housekeeping - Time to brag Now it is official, Startuprad.io passed several milestones.
We reached more than 200.000 subscribers for our podcasts alone! 206.014 as of today! We count subscribers, who return at least once in 7 days to our RSS feed over 90 days.We managed to score more than 1.000 days in podcast charts (iTunes, Stitcher, Spotify, and Chartable), actually, we made 1.026 days so far. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/We now scored with PR China, Croatia, and Singapore in three more countries and now we made it in 33 countries in their respective podcast charts. We are also a steady member of chartable.com’s science and tech podcast charts, for the US as well as globally. https://www.startuprad.io/blog/startuprad-io-ranked-now-in-33-countries-and-1-000-days-in-podcast-charts/And again we have several interviews and blog posts for you. We will also have on July 1st our first live stream after corona. https://www.meetup.com/Startup-Couch-TV-Talks/events/271395382/
Coronavirus / Covid19 80% of Berlin-based startups see their very existence threatened by the coronavirus https://buff.ly/2UYMi3P CureVac is the first German biotech to receive a direct investment from the German government, an astonishing 300 mn Euros. The reason behind this is the Trump administration. You can learn in our blogpost how the story unfolded https://www.startuprad.io/blog/germanys-hope-for-coronavirus-vaccine-and-how-they-got-a-300-mn-euros-government-investment/Mainz-based BioNTech (we talk about them frequently) is the first company in Germany to start human trials for a Coronavirus vaccine: https://www.pfizer.com/news/press-release/press-release-detail/pfizer_and_biontech_dose_first_participants_in_the_u_s_as_part_of_global_covid_19_mrna_vaccine_development_program Wirecard - This month’s top news in GermanyIntroWirecard is a company processing payments. The company works as an intermediary and guarantor between buyers and sellers and takes a commission on all transactions. They have about 5,000 employees and actually replaced Commerzbank (we will talk about them later) in DAX 30 (Germany's equivalent of the Dow Jones Industrial Average 30). They are the first “fintech” to achieve this.
The big problem now is that there are accounts missing, which shoul...
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Energy Robots provides Software for semi-autonomous RobotsWe provide a full software stack, which also makes the robot move …
Dorian Scholz, CEO and Co-Founder Energy Robotics
The FounderDuring this interview, we are talking to Dr. Dorian Scholz (https://www.linkedin.com/in/dorian-scholz-3514a8b3/) CEO and Co-founder of Darmstadt based robotics startup Energy Robotics (https://www.energy-robotics.com/). We talk to him in a remote interview, recorded in May 2020. Dorian is already a long time robotics fan, who has been working for more than 15 years in robotics, even participating in the robotics soccer world cup with the team Darmstadt Dribblers (https://www.youtube.com/channel/UC3jFWB-VP6bFcIFtb-czCcQ). Energy robotics is also a startup, spun off TU Darmstadt (https://en.wikipedia.org/wiki/Technische_Universit%C3%A4t_Darmstadt). The Rhine-Main-based startup offers software to make robots operate autonomously, as well as enable them to be operated remotely, in case this is needed. They are called “robotics”, but they don’t build robots or any hardware.
We are providing a very easy user interface to program “missions” for the robots.
Dorian Scholz, CEO and Co-Founder Energy Robotics
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The StartupThe startup Energy Robotics helps to inspect remote places on a regular based. The Darmstadt-based startup offers software to make robots operate autonomously, as well as enable them to be operated remotely, in case this is needed. There are very remote places, running semi-autonomously e.g. platforms to drill for oil and gas (https://www.offshore-technology.com/features/inside-the-first-fully-automated-offshore-platform/). Nonetheless, these places need regular inspections e.g. gas leaks, which can be performed by robots with the Energy Robotics software, on different software platforms.
The robots record automatically the pictures and data on its automated round.
Dorian Scholz, CEO and Co-Founder Energy Robotics
Venture Capital FundingEnergy Robotics is currently looking for investors for their seed round, for one million Euros.
The Video Interview is set to go live on Thursday, June 18th 19.00 Frankfurt, 1 PM Eastern Time, 18.00 UTChttps://youtu.be/FedF8gXLxko
The Audio Interview is set to go live next weekThe Audio Podcast will be published next week. Subscribe to our podcasts here
Further Readings / Additional RessourcesThe RoboCup https://www.robocup.org/The soccer play from Darmstadt Bruno Labbadia https://en.wikipedia.org/wiki/Bruno_LabbadiaSearch and Rescue Channel https://www.youtube.com/user/TeamHectorDarmstadtHardware Partner of Energy Robotics, the startup EX Robotics https://www.youtube.com/watch?v=leHdwm7HiSQ
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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 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.
Reach out to usOur 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 joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)Christian “Chris” Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)PatreonIf you like our podcast, consider supporting us on Patreon: https://www.patreon.com/startupradio
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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 an 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/2M8ZxKJVideo Recording - YouTube (the video will premiere on Thursday, May 28th 19.00 CET / 1 pm Eastern)https://youtu.be/Yu_rojiz9mw
Housekeeping - Time to brag 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! 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: https://www.startuprad.io/interviews/ida-pivoted-fast-during-corona-before-70-of-their-employees-worked-with-aviation-companies/ 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-Fazilität“ (CMF). The package was put together quite fast since the first announcement has been in mid-April. https://buff.ly/2zFr4jL 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. Related we found news about two of the measures of single states: Bavaria: LfA sets up a new loan program for small and very small enterprises - Munich Startup https://buff.ly/3c3MBkp Hamburg: They call their program InnoStartup - Hamburg Startups https://buff.ly/2zPOLpp (some more information in the Hamburg Hub section)Corona cases in Amazon logistics center in Winsen, Germany: Verdi demands to close the location 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 https://buff.ly/3f2rF...
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Learn from an Indian-born entrepreneur, who raised 35 mn Euros Venture Capital in Germany"Hessen is the natural home for startups and entrepreneurs"
Gunjan Bhardwaj – Founder and CEO Innoplexus
The Enabler of our InterviewThis 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/34xTANOTech Startups Germany by Startuprad.io - VideoiTunes https://apple.co/2M8ZxKJ The Startup FounderOur interview partner is again Gunjan Bhardwaj (https://www.linkedin.com/in/gunjan-bhardwaj-b321a32/), not the actor. He is a former EY and BCG consultant, as well as a TED speaker. He likes to work a lot, so he is also the author of the book “Inside the Cockpit: Navigating the Complexity of Drug Development with AI and Blockchain” (https://amzn.to/2QYI1eL).
“Frankfurt … it is the center of Europe, it is so super connected.”
Gunjan Bhardwaj – Founder and CEO Innoplexus
PatreonYou can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content.
"Everybody has to chart his or her own course. I am a deep believer in instinct."
Gunjan Bhardwaj – Founder and CEO Innoplexus
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Interview Part 1This is part two of a series of interviews with Gunjan. You find part one of our interview here:
https://www.startuprad.io/blog/meet-innoplexus-the-startup-which-fights-all-diseases/
“… but I also have to say that investors in this part of the world look at the long term picture … but once they are convinced, they are partners for the long term”
Gunjan Bhardwaj – Founder and CEO Innoplexus
One Day Commute to New YorkOne of the things Gunjan likes about Frankfurt is its great connectivity. With the connections of Frankfurt Airport (IATA Code FRA, therefore know as Fraport) you can get on a plane, meet in New York in the afternoon and be back in Frankfurt early the next morning https://en.wikipedia.org/wiki/Fraport
Germany is one of the best places to start a company.
Gunjan Bhardwaj – Founder and CEO Innoplexus Advice in FundraisingInnoplexus counts among its investors HCS (https://www.crunchbase.com/organization/hcs-beteiligungsgesellschaft), as well as Christian Angermayer of Aperion (https://www.crunchbase.com/person/christian-angermayer), as well as EOS VC (https://vc.eos.io/partners/finlab/), the venture capital arm of Block.one. According to a report by FAZ they have already raised 35 mn Euros and are looking for 40 million more (https://www.faz.net/aktuell/wirtschaft/unternehmen/start-up-innoplexus-ein-google-der-pharmabranche-16473990.html).
"No funding event is easy, but what is easy in life?"
Gunjan Bhardwaj – Founder and CEO Innoplexus
Gunjan strongly recommends doing your due diligence, he likes to quote one of his teachers who said that assuming means "making an ass of you and me” 😊. He recommends you agree with your investor on a vision for the future of the company. The personal chemistry between an inv...
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IDA Pivoted during Coronavirus to a more diversified strategyWe got a call from our largest client [during Corona] and they told us to immediately stop all work for them. Within two hours we lost everything we build up in three years.
Hamedo Ayadi – Co-Founder and CEO IDA
The founderIn this interview Jörn “Joe” Menninger, founder, and host of Startuprad.io talks to Hamedo Ayadi (https://www.linkedin.com/in/hamedo-ayadi-00021b15a/), co-founder and CEO of IDA – Intelligent Data Analytics (https://ida-analytics.de/). Hamedo is originally born in Morocco and a serial entrepreneur, always based around Frankfurt and the Rhine-Main-Area. He speaks five languages and English is his 5th language. He has not used English in a business setting for 7 years before our interview, so please cut him some slag. He came to Germany early in his life and studied Psychology at the University of Mainz.
PatreonYou can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content.
Within two days after our major client called us – to stop all work for them -, we defined a new strategy for IDA … we prepared new services, for new customers for fixed prices
Hamedo Ayadi – Co-Founder and CEO IDA
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Startup of the Month May 2020IDA is the Startup of the Month - May 2020 by Frankfurt Forward. This podcast is in a media partnership with Frankfurt Forward. You can learn more about the startup and the initiative here (German only) https://www.frankfurtforward.com/startups/ida
Corona really gave us a hard time. 70% of our employees do work related to aviation
Hamedo Ayadi – Co-Founder and CEO IDA
The Startup
IDA is the second company of Hamedo, both of which he co-founded with one of his colleagues from Unisys. They sold their first business – a tech consulting company – which worked with SAP tools and their integration and maintenance in large corporates. They sold the company end of 2017.
IDA is a platform to connect all data in a single platform and make them usable for the client. They help to optimize and workflows and business processes
IDA started originally with a meeting of chance in a train driving from Frankfurt to Munich
Hamedo Ayadi – Co-Founder and CEO IDA
Venture Capital
IDA has been bootstrapped so far, but they are looking to raise a Series A Venture Capital round. They want to use the funds for global and cross industry expansion. If you want to get introduced to them, let us know.
The Video Interview weng live on April 2nd 19.00 Frankfurt (1 PM Eastern, 18.00 London)https://youtu.be/9mHpBDwHAHc
Further Readings / Additional Resources
Learn more about Frankfurt Forward here: https://www.frankfurtforward.com/
Feedback
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Quantgene can detect early-stage cancer in a single draw of bloodWhat we are doing is a potential game-changer in medicine. … it makes the detection [of dead cells form tumors] single-molecule precise.
Johannes “Jo” Bhakdi – CEO and Co-Founder of Quantgene
The FounderIn this interview, we talk to Johannes “Jo” Bhakdi (https://www.linkedin.com/in/jo-bhakdi-5048811/), originally born and raised in the Rhine-Main Area in Germany, but now founder of the AI and Big Data Startup Quantgene (https://www.quantgene.com/, https://www.crunchbase.com/organization/quantgene) in Santa Monica, CA. Quantgene describes itself as a deep genomics startup. They also have an office in Berlin and they hire for both locations.
By training Jo is an economist, who graduated from the University of Tübingen (https://en.wikipedia.org/wiki/University_of_T%C3%BCbingen), a research-heavy university known for its 11 Nobel Laureates in Medicine, Chemistry, and Physics.
Jo started out in advertising and marketing (marketing strategy). He went from there in corporate development, especially mergers and acquisitions. This brought to the USA, first to New York with a stop in venture capital. He was working with his first startup in quantitative seed-stage investments.
What we developed is blood test, that guides physicians in detection of early stage cancer.
Johannes “Jo” Bhakdi – CEO and Co-Founder of Quantgene
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The Startup
To give you an idea of what we are doing: It is a few megabytes – a simple sequencing of your genome. What we are doing generates files of 200+ Gigabytes
Johannes “Jo” Bhakdi – CEO and Co-Founder of Quantgene
Quantgene is a deep tech startup, working with ai, machine learning, and big data to fight cancer. They describe themselves as a deep genome startup. Quantgene is working on unlocking specific hints about cancer in the human genome since cancer is “encoding” itself into the human genome. Quantgene developed a very specific new capability to unlock the human genome of a very deep level. Startups like 23andme generate averages in genome sequencing, a kind of simplification. Quantgene’s approach, on the other hand, is much more specific, but also very complex. They are looking for dead cancer cells – so-called cell-free DNA – in your blood sample. This only works if they are not working with averages but analyze a single copy of DNA in a sample. They had to develop a vast software infrastructure and their own chemistry to make their idea work.
Quantgene also has an office in Berlin, from which Jo joined the Startuprad.io interview. They call it the “Mustererkennungs Einheit” which means the pattern recognition unit.
Quantgene launches in 2020 (as planned before Corona) first in the USA and within some time they want to launch in Germany, Austria, and Switzerland.
When you have very early cancer, no one can see, and no one can find – with the current methods. The cancer cells die, and they shed the dead cells into your blood. So they are in your blood as cell free DNA.
Johannes “Jo” Bhakdi – CEO and Co-Founder of Quantgene
The Video Interview is set to go live on May 7th 19.00 CET(1 pm Eastern, 18.00 London )https://youtu.be/UxghpnCVGSw
What Quantgene develop here in the last five years is a very specific capability. We call it the deep human genome.
Johannes “Jo” Bhakdi – CEO and Co-Founder of Quantgene
Venture Capital
At the time of the interview, Quantgene was raising a note. They are also looking to raise a Series B (all as planned before Corona). https://www.crunchbase.com/organization/quantgene
We are roughly 5 years ahead of our peers.
Johannes “Jo” Bha...
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We called our initial offering “Sales as a Service.”
Swen Wegner, CEO and Founder Mainstage Incubator
Mainstage Incubator helps startups to conquer Europe
Whether 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 Founder
In 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:
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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
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To find clients in Germany, and from here in Europe
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The ultimate goal is to bring international startups physically to Germany, so they can expand all over Europe.
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Bring startup from Germany to India
The Mainstage Incubator already signed partnership agreements with Argentina, Columbia, Japan Bangladesh, Sri Lanka, Nepal, and now the United States.
Apply here for the Mainstage Incubator
You 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.
https://youtu.be/Djd8wp8gC10
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 episode
The 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/2LK14oW iTunes http://apple.co/2xsHdaE Spotify http://spoti.fi/2DfIt1O
The interview ill be published in our Sub-Podcasts below:
💢 Fintech Germany by Startuprad.io
iTunes: http://apple.co/2lLRlpG Spotify: http://spoti.fi/2m8HWsb
💢 Security Sutra by Startuprad.io
iTunes: https://apple.co/2K0qLlH Spotify: https://spoti.fi/33rrlAD
💢 Deeptech Germany
iTunes: https://apple.co/2oWO3Sl Spotify https://spoti.fi/2qucve8
Further Listening
Interviews with Swen's former boss, he refers to Vishal during the interview. At the time of postin...
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This Month in German Startups - April 2020
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 recordings and the articles we are quoting from there. Some of the source articles are in English, some are in German.
Reach 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 joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)
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
Housekeeping - Time to bragA tiny bit of hope is back, so we do a bit a of bragging again:
Wow, the days around Easter have been AMAZING for Startuprad.io. We retained our position in Chartable's Global Top 100 Technology and Global Top 100 Science Charts, but we also entered the iTunes Technology Charts in Vietnam for the first time. Again in the US and UK welcomed us to their Apple Technology Podcast Charts again in the Top 200 https://twitter.com/startuprad_io/status/1252523750123352066
You can subscribe to Startuprad.io here:
YouTube http://bit.ly/2LK14oWiTunes http://apple.co/2xsHdaESpotify http://spoti.fi/2DfIt1OOur Sub-Podcasts:
💢 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
Housekeeping - tracking startups we interviewed
InvestSuite snaps up €2 million to grow its investment tools for banks and brokers https://buff.ly/3dQLGoy
Learn more about them in the Startuprad.io interview here: https://buff.ly/2X960cG (the interview was published on 18th of December 2018)
The video will go live on Thursday, April 30th, 19.00 CEThttps://www.youtube.com/watch?v=SpGddRwUqoo
Coronavirus / Covid19__________________
We are working with Startup Genome to quantify the impact of the crisis on startups and push for adapted policy action now. They’re doing it all over the world so they’ll be able to prove how good policy action is saving startups—and lack of policy is disastrous.
If you had an ongoing startup before the crisis, please take 5 min. to contribute right now:
If you since had to close it click hereOtherwise, if your startup is ongoing and even if you paused operations, click hereWe need hundreds of founders to do so–and you know it’s not easy.
__________________
Funding in times of Corona#Government aid and direct loansGe...
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Meet Innoplexus the startup which fights ALL diseasesDespite the commonly held belief, I grew here faster in Germany than in the US or in the UK
Gunjan Bhardwaj – Founder and CEO Innoplexus
Important information upfront – the Fight against Corona Virus / Covid19 For the corona virus, we not only have to flatten the curve, we have to flatten the disease.
Gunjan Bhardwaj – Founder and CEO Innoplexus
Innoplexus grants free access to the research platform “Acceleration of Covid19 research:” https://coronavirus.ontosight.ai/
Here is the COVID19 Dashboard of Innoplexus: https://covid19.innoplexus.de/news
We are working on a completely new molecule to address the current and future coronavirus. The current problem with Corona will not stop. There will be further strains coming in.
Gunjan Bhardwaj – Founder and CEO Innoplexus
The EnablerThis is a video interview from our podcast Tech Startups Germany. All the recordings on this channel are made possible by Invest in Hessen (learn more here https://www.invest-in-hessen.com/home).
We fight all diseases. Right from the start, we wanted to provide an AI platform to solve all relevant problems in drug discovery and development.
Gunjan Bhardwaj – Founder and CEO Innoplexus
The PodcastsWe will post this interview and all others as podcast(s) next Tuesday night Central European Time. Subscribe here and have them on our device when you wake up:
💢 Audio only - Tech Startups Germany by Startuprad.io
iTunes https://apple.co/2Z17bfl
Deezer http://bit.ly/2Qbh1rl
TuneIn http://bit.ly/2M8vpzn
Stitcher http://bit.ly/34xTANO
💢 Video - Tech Startups Germany by Startuprad.io
iTunes https://apple.co/2M8ZxKJ
The founderGunjan Bhardwaj (https://www.linkedin.com/in/gunjan-bhardwaj-b321a32/), not to be confused with the actor with the same name. His first enterprise was selling bean bags during university. He is a former consultant and a graduate of IIT Bombay, as well as a TED speaker. He enjoys a lot of work since he is also the author of the book “Inside the Cockpit: Navigating the Complexity of Drug Development with AI and Blockchain” (https://amzn.to/2QYI1eL). Surprisingly Gunjan is not a physician. He changed careers after one of his mentors became sick with cancer because he wanted to know about alternatives for treatments.
Medical Data doubles every 73 days. Medical data at the end of the year is more than 32 times at the beginning of the year.
Gunjan Bhardwaj – Founder and CEO Innoplexus
________________________________________________________
Affiliate LinksWhy not learn from entrepreneurs and executives who are open to share their favorite books. We skimmed through some recommendations and that is what we found.
Recommended by: Bill Gates
“Enlightenment Now by Steven Pinker” https://amzn.to/2XAENlBRecommended by: Jeff Bezos
“Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry Porras” https://amzn.to/2RGKGKeRecommended by: Elon Musk
“Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel” https://amzn.to/2REbHhwRecommended by: Tony Hsieh
“Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan” https://amzn.to/34KgraQRecommended by: Warren Buffet
“Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks” https://amzn.to/2K92z06Recommended by: Tim Cook
“Competing Against Time by George Stalk and Thomas Hout” https://amzn.to/3cjMMYn___________________________________
Links, Video and Show NotesFind all of them here: https://www.startuprad.io/blog/meet-innoplexus-the-startup-which-fights-all-diseases/
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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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You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh
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
Send in a voice message: https://anchor.fm/deeptechgermany/message
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 joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach chris@startuprad.io / 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
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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 a German only checklist by the Frankfurt Chamber of Commerce to make sure you don’t forget anything https://twitter.com/IHK_FFM/status/1240975669695315969Corona Information for...
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Covid 19 Coverage of Startuprad.io
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Looking for a bank account to shift between crypto and fiat? Try our partner Bitwala: http://bit.ly/2w01Zye
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You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh
WelcomeWelcome to the 2nd episode of our special covid19 coverage for the German startup scene. This is a special issue with an attorney at law Tim, focusing on special legislation in Germany for the shutdown of public life and the consequences for a business.
Our GuestTim Wullbrandt (Attorney at Law) http://www.wullbrandt-rechtsanwaelte.de/heidelberg-based-law-firm-experienced-attorneys-for-criminal-defense-family-law-insolvency-law-in-germany/
Article by Tim (German) about the new legal rules:
Neue Gesetze wegen Corona-Krise - was ändert sich? https://buff.ly/2xltPp4
Our ScopeEverything we discuss here only holds true in GERMANY since Startuprad.io is focused here. The rules, laws, and regulations do not apply anywhere else.
Give us 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 host here:
Jörn “Joe” Menninger joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Keep in mind, there are many people out there looking for help AND THERE WILL BE SCAMMERS, so validate your sources, start from associations and government pages. Be wary of potential scams.
There is an explicit warning on the official portal for insolvency filings in Germany - Insolvenzbekanntmachungen https://buff.ly/2J7RM62
Normal insolvency filings and proceedingsReasons for insolvencyInsolvency / IlliquidityImminent illiquidity (time frame unclear)Overextension, you have more depth than assets Insolvency applicationExamination of applicationOpening of insolvency proceedings
Upfront tax payments / prepaid taxes https://www.sapling.com/8419090/prepaid-taxes
Shareholder loans https://www.financierworldwide.com/shareholder-loans-under-german-insolvency-law#.Xno2T4hKhhE
Special about this situation with Covid19, as of March 2020Here is the link to the current bill/draft law on the homepage of the German Federal Ministry of Justice https://www.bmjv.de/SharedDocs/Gesetzgebungsverfahren/DE/FH_AbmilderungFolgenCovid-19.html
Content:
Under certain conditions, there is no obligation to file for insolvency until September 30th, 2020.
There is a restriction for termination of rental contracts (think offices)
There is also relaxation for decision making for legal entities
⇒ Talk to your lawyer about it!
The Video Interview (published March 24th)https://youtu.be/0vnA4SoSADc
Top Book Picks by 28-year-old serial entrepreneur Peter (AL)Principles by Ray Dalio https://amzn.to/38ZgmB7
The man who solved the market https://amzn.to/2SZ6Jgw
What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x
The little prince https://amzn.to/3c6hWDm
Friedrich Nietzsche’s Books:
Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYDThus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGLHerman Hesse’s Books
Siddhartha https://amzn.to/2PpJzO3Steppenwolf https://amzn.to/32pSPqI Further readings and helpful linksThis is the only reliable English source we could find so far: SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene - German Startups AssociationThey launched a specific website” The Startup Corona Handbook” https://buff.ly/2J4UOI0
There is also a helpful page by the challenger bank Penta: https://getpenta.com/de/unt...
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This Month in German Startups - Corona Flash - March 19th, 2020This is a special format for our startup news. We will keep you updated on the developing Covid19 story and its impact on the German startup scene.
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.
Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners share links or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA
_____________
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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
____________
Find the host here:Jörn “Joe” Menninger joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
IntroHi there,
This is Joe from Startuprad.io. Since the Corona outbreak in Europe, we surpassed 150.000 subscribers. I would like to thank you all and keep you up to date with the current development.
Public life in Germany is now greatly reduced. In most of Germany’s sixteen states the opening hours of bars and restaurants are severely limited and only selected stores (think groceries, pharmacies, …) remain open during normal hours.
This has a great impact on startups in Germany, from changing to remote-only work, to a heavy drag on revenues, to finding emergency funding. We thought we would give you an overview, as a short flash update.
We want to provide you with collections of links and reports, that point you where to find information, help and can read more.
German Startup Association's Link Collection“This is a list of public coronavirus // Covid-19 communications/measures and resources.
Disclaimer: The content below is crowdsourcing content, so it is not independently verified. It is intended as a resource for founders and management teams who are currently discussing their own actions on SARS-CoV-2/COVID-19 and want to learn from the ecosystem. “
SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene - German Startups Association
https://docs.google.com/document/d/1UKRxxg3SiOH7hBUnS8Tn81zAqoG4KcWBpSPBTpfidzk/preview
Some highlights from the document:
Guide to support measures for startups affected by coronavirus | Sifted https://buff.ly/2QqjAXhCOVID-19 Symptoms and what to do, incl. list of links and phone numbers in relevant geographies - 15.3.20Kurzarbeit is in Germany short term measures to support companies, where part of the employees pay is taken over by the government. Find more information here: Very Detailed Frequently Asked Questions on Kurzarbeit - 17.3.2020Obligation to file for insolvency due to corona suspended for companies in Germany - 16.3.2020Global collection of VC resources, measurement lists, blog posts and other communications - 18.3.2020
Other Link CollectionsWhat to consider?
Time to plan now. Consider this situation going on for weeks, even months and make plans accordingly. For all startups cash is king!
Here are examples of measures put together by the German government.
Measures of the German Federal Ministry of Economics: https://www.bmwi.de/Redaktion/DE/Downloads/S-T/schutzschild-fuer-beschaeftigte-und-unternehmen.pdf?__blob=publicationFile&v=12Employment law, what to consider in Germany https://www.bmas.de/DE/Presse...
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Codario.io makes open source security easyMedia PartnershipThis interview is in media cooperation with Frankfurt Forward (https://www.frankfurtforward.com/news/). Codario is the Startup of the Month March 2020. Congratulations!
The FounderWe talk to Johannes “Joe” Noll (https://www.linkedin.com/in/johannes-noll-10907478/), co-founder and CEO at Codario.io (formerly known as App Guard) (https://codario.io/, https://www.crunchbase.com/organization/codario), a cybersecurity startup from the Rhine-Main Area (Darmstadt).
Johannes is a returning interview partner, due to our media partnership. If you want to learn more about him and the startup, see at the end of this post for the interview posted on October 10th 2019, where we talked to him at an event.
Johannes got sucked in the startup world by attempting to make a copycat of the app Jodel (https://www.crunchbase.com/organization/jodel). It is an app for sharing anonymously gossip. The name is inspired by the Bavarian jodeln (see video below – Further Readings).
We help software developers to use open source in a secure way.
Johannes “Joe” Noll of Codario.io during his Startuprad.io interview
Affiliate Links (AL)Is your startup in need of a bank account? Try our partner Penta http://bit.ly/3bdHX3d
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The StartupCodario is a cloud-based open-source dependency update as a service solution. As a software developer one uses not only own code, but also open-source code (libraries). The startup helps software developers to monitor and update these open source libraries they are using, so known vulnerabilities of old versions cannot be exploited in the new project.
They are currently 5 people. Codario has paying customers like the University of Heidelberg (the world's 2nd oldest university) or the European Commission.
Our slogan is “Open source security made easy”
Johannes “Joe” Noll of Codario.io during his Startuprad.io interview
Find the video interview from March 12th 2020 here:https://youtu.be/MD4cvuM3usM
If you are not updating your 3rd party code hackers can attack your web application, even if you have your own code secured.
Johannes “Joe” Noll of Codario.io during his Startuprad.io interview
Top Book Picks by 28-year-old serial entrepreneur Peter (AL)Principles by Ray Dalio https://amzn.to/38ZgmB7
The man who solved the market https://amzn.to/2SZ6Jgw
What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x
The little prince https://amzn.to/3c6hWDm
Friedrich Nietzsche’s Books:
Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYDThus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGLHerman Hesse’s Books
Siddhartha https://amzn.to/2PpJzO3Steppenwolf https://amzn.to/32pSPqI
The old Interview from October 2019https://www.youtube.com/watch?v=nLmU_5Wp5UA
In some cases, four hours after a new release, automated hacks for the fixed issues start
Johannes “Joe” Noll of Codario.io during his Startuprad.io interview
Venture FundingCodario is currently closing a 1.5 mn Euro Seed Financing round. If you like to get in, let us know and we will introduce you to Johannes.
It makes sense for hackers to not to target custom code of web applications, but third-party code, because of that you can target several hundred websites simultaneously. Not one product, but several hundred.
Johannes “Joe” Noll of Codario.io during his Startuprad.io interview
Further ReadingsLink YouTube Video Jodeln https://www.youtube.com/watch?v=fF1Z0WtvGxc
Link Rhein-Main (Wiki) https:...
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The EnablerThis is a video interview from our podcast Tech Startups Germany. All the recordings on this channel are made possible by Invest in Hessen (learn more here https://www.invest-in-hessen.com/home).
The PodcastsWe will post this interview and all others as podcast(s) next Tuesday night Central European Time. Subscribe here and have them on our device when you wake up:
💢 Audio only - Tech Startups Germany by Startuprad.io
iTunes https://apple.co/2Z17bfl
Deezer http://bit.ly/2Qbh1rl
TuneIn http://bit.ly/2M8vpzn
Stitcher http://bit.ly/34xTANO
💢 Video - Tech Startups Germany by Startuprad.io
iTunes https://apple.co/2M8ZxKJ
We come to love the work ethics here. Frankfurt is a work minded city.
Peter Hart during his Startuprad.io interview
The FounderIn this interview for Invest-in-hessen.com we are talking to Peter Hart (https://www.linkedin.com/in/peter-hart-94373435/), a serial entrepreneur, based in Frankfurt. Despite being just 28 years old, Peter already launched 12 ventures. He started out back in 2015 with his consumer product brand Dr. Severin (https://drseverin.com/). During his first venture launch, Joe interviewed Peter in German back in 2015. We talk to him about his newest venture Pythia AI (https://www.pythia-ai.com/)
I don’t divide between business books and private books. If you grow personally, you grow as a leader.
Peter Hart during his Startuprad.io interview
The StoryWe talk to him to learn more about his 12th venture, called Pythia AI (https://www.pythia-ai.de/). Pythia was started when Peter followed his data-driven approach to launch new consumer products and he got approached by Rossmann (https://en.wikipedia.org/wiki/Rossmann_(company)), Germany’s 2nd largest chain of drug stores. The drug store chain invested in the startup (https://www.crunchbase.com/organization/pythia#section-funding-rounds) to help them with forecasting trends for product development.
In case you are wondering: The venture is named after the priest, founding and serving the Oracle of Delphi in Greek mythology (https://en.wikipedia.org/wiki/Pythia).
Peter looks a bit tired in the interview, since he just returned from opening an office in Sunny Vale, in the Silicon Valley.
We are very happy with the talent pool here (in Frankfurt), especially the engineers.
Peter Hart during his Startuprad.io interview
The Silicon Valley JourneyDuring his time in Silicon Valley, Peter wanted to reach out to venture capital investors. He went along the two main streets where they are headquartered and knocked on their doors. Surprisingly this was very successful, and it appears no one has done this before.
Series A Venture Capital RoundDespite knocking on many doors in Silicon Valley, Pythia is not done with their fundraising and they are looking for additional investors for their Series A fundraising.
I think philosophy goes really well with business. You formulate a more concrete business philosophy.
Peter Hart during his Startuprad.io interview
Find the video interview here:https://www.startuprad.io/blog/pythia-forecasts-the-next-trend-in-consumer-products/
Peter’s Top Book PicksPrinciples by Ray Dalio https://amzn.to/38ZgmB7
The man who solved the market https://amzn.to/2SZ6Jgw
What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x
The little prince https://amzn.to/3c6hWDm
Friedrich Nietzsche’s Books:
Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYDThus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGLHerman Hesse’s Books
https://amzn.to/2PpJzO3Steppenwolf https://amzn.to/32pSPqIBefore the Top Book List we talked about “The hard thing about hard things” https://amzn.to/32symSb
Wikipedia links for further readingHerman Hesse https://en.wikipedia.org/wiki/Hermann_Hesse
Friedrich Nietzsche https://en.wikipedia.org/wiki/Friedrich_Nietzsche
Arthur Schopenhauer https://en.wikipedia.org/wiki/Arthur_Schop...
Send in a voice message: https://anchor.fm/deeptechgermany/message
This Month in German Startups - February 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 recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.
Find the hosts here:
Jörn “Joe” Menninger joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)
This February our news is quite short. This is due to the fact that we try to shrink them, as well as that we had only approx. 3 weeks since the last news.
Affiliated LinksThe hard thing about hard things
https://amzn.to/2S62X30Ben Horowitz tells his story from an employee, afraid to loose his job to CEO of a company caught in the dotcom bubble to VC investorZero to One: Notes on Start Ups, or How to Build the Future https://amzn.to/37H2MSpPeter Thiels, the famous investor tells you his mental framework to think about innovationBlitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://amzn.to/2Ob0xySReid Hoffmans, the founder of LinkedIn, advice on scale fast
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
https://amzn.to/2v97KZG
Read worthy book to familiarize yourself with economic theory, or learn more about how to apply it.Need a bank account? Try our partner Pentahttp://bit.ly/3bdHX3dNeed space to work? Try our partner WeWorkhttps://we.co/2GYbxvSLooking for someone to design a logo, do a transcript or a voice-over? Find all of it and more at our partner Fiverrhttp://bit.ly/2S0f2YFYou can listen to Venture Capital books or entertainment on your way to work with an audible subscription – you get the first month for free
https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21
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 Find all the links to our sources on our Blog here: https://www.startuprad.io/blog/this-month-in-german-startups-february-2020-video/
Send in a voice message: https://anchor.fm/deeptechgermany/message
TEC4MED works on the next generation smart logisticsThis interview is in media cooperation with Frankfurt Forward (https://www.frankfurtforward.com/news/). We talk to Nico Höler (https://www.linkedin.com/in/nico-h%C3%B6ler-7a203283/), one of three founders and CEO of TEC4MED (https://www.tec4med.com/)a MedTech startup from the Rhine-Main Area (Darmstadt). Nico is a returning interview partner, due to our media partnership. If you want to learn more about TEC4MED and their most recent product the NelumBox, scroll down this blog post, we will post the interview from May 2019, where we talked to him for almost 40 minutes.
The idea of NelumBox was born in the Entrepreneur Club of the Technical University Darmstadt. The box is used to transport temperature-sensitive medical products, like drugs. During the interview in May 2019, they forecasted to deliver the NelumBox in July 2019. Many startups learn that "hardware is hard" and so they are now shipping the first final products to the clients. None the less the ambitions of the startup is not gone and they have some new products in the pipeline which will turn them in a service provider for logistics in the medical field and pharma supply chains.
Tune in to learn more.
If you want the next generation of smart logistic products, you should reach out to us
Nico Höler, CEO and Co-Founder TEC4MED
Affiliate LinksThe hard thing about hard things
https://amzn.to/2S62X30Ben Horowitz tells his story from an employee, afraid to loose his job to CEO of a company caught in the dotcom bubble to VC investorZero to One: Notes on Start-Ups, or How to Build the Future https://amzn.to/37H2MSpPeter Thiels, the famous investor tells you his mental framework to think about innovationBlitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://amzn.to/2Ob0xySReid Hoffmans, the founder of LinkedIn, advice on scale fast
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
https://amzn.to/2v97KZG
Read worthy book to familiarize yourself with economic theory, or learn more about how to apply it.Need a bank account? Try our partner Pentahttp://bit.ly/3bdHX3dNeed space to work? Try our partner WeWorkhttps://we.co/2GYbxvSLooking for someone to design a logo, do a transcript or a voice-over? Find all of it and more at our partner Fiverrhttp://bit.ly/2S0f2YFYou can listen to Venture Capital books or entertainment on your way to work with an audible subscription – you get the first month for free
https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21
Here is the career website of TEC4MED https://www.tec4med.com/career/
Blogpost (including video interviews)
https://www.startuprad.io/blog/tec4med-works-on-the-next-generation-smart-logistics/
Send in a voice message: https://anchor.fm/deeptechgermany/message
Find all the links to our source articles and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-january-2020/
This Month in German Startups - January 2020 - by Startuprad.ioIf 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.
Find the hosts here:
Jörn “Joe” Menninger joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)
Affiliated LinksThe hard thing about hard things https://amzn.to/2S62X30
Ben Horowitz tells his story from an employee, afraid to loose his job to CEO of a company caught in the dotcom bubble to VC investorZero to One: Notes on Start Ups, or How to Build the Future https://amzn.to/37H2MSpPeter Thiels, the famous investor tells you his mental framework to think about innovationBlitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://amzn.to/2Ob0xySReid Hoffmans, the founder of LinkedIn, advice on scale fast
You can listen to Venture Capital books or entertainment on your way to work with an audible subscription – you get the first month for free
https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21
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/2M8ZxKJhttps://youtu.be/aIngva0lCWo
Housekeeping - Time to brag South Korea is Country No 26 which welcomed us to their iTunes podcast (tech) charts! Thank you very much!
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/2qucve8
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Interview PartnerIn this interview, Joe is talking to Alexander Lange – Co-Founder and Head of Software Engineering (https://www.linkedin.com/in/alexander-lange-527522119/) at Darmstadt based deep tech startup Xelera Technologies (https://xelera.io/). He has been with the German Aerospace Center and the European Space Agency.
The StartupXelera Technologies offers specialized software for FPGA processing, which accelerates cloud computing considerably for certain tasks. Xelera already won two awards from the German federal ministry of economics and energy (including digital startup of the year 2019) https://www.de.digital/DIGITAL/Redaktion/DE/Gruenderwettbewerb/Artikel/preistreager-Digitales-Start-up-des-Jahres-2019.html. The startup has also been named a “Top 50 Startup” by German Blog Für-Gründer (https://www.fuer-gruender.de/beratung/gruenderwettbewerb/studie-2019/top-50/)
Recommended Readings (Affiliated Links)The Fire Starter Sessions by Danielle LaPortehttps://amzn.to/38Ug3rUThe 7 Habits of Highly Effective People
by Stephen R. Covey
https://amzn.to/2sGDy78
The 8th Habit: From Effectiveness to Greatness
by Stephen R. Covey
https://amzn.to/34DYbOCThe $100 Startup by Chris Guillebeauhttps://amzn.to/2PEoFetOutliers by Malcolm Gladwellhttps://amzn.to/36U41g6Grit – The Power of Passion and Perseverance by Angela Duckworthhttps://amzn.to/2SbuEcj
Deep Tech PodcastIf you are interested in German deeptech startups, you can find our audio-only podcast "Deeptech Germany by Startuprad.io" here:
iTunes: https://apple.co/2oWO3Sl
Spotify https://spoti.fi/2qucve8
Venture Capital RoundXelera is currently raising its seed round in Q2 2020. If you are interested in investing, reach out to us, we will get you connected.
Further ReadingFormerly with DLR (German Aerospace Center) https://en.wikipedia.org/wiki/German_Aerospace_Center
ESA https://en.wikipedia.org/wiki/Rosetta_(spacecraft)
ESOC https://en.wikipedia.org/wiki/European_Space_Operations_Centre
FPGA https://en.wikipedia.org/wiki/Field-programmable_gate_array
GPU https://en.wikipedia.org/wiki/Graphics_processing_unit
FPGA coding https://www.fpga4student.com/2017/08/what-is-fpga-programming.html
Send in a voice message: https://anchor.fm/deeptechgermany/message
This Month in German Startups - Review 2019 and 2020 OutlookIf 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.
Find the hosts here:
Jörn “Joe” Menninger joe@startuprad.io / Twitter / LinkedIn / Video Interview (2018)
Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)
Publication ScheduleThis episode will … substitute the June News. This year startuprad.io’s news wrap-ups will have a summer break from the May News until the end of September. We are sorry, but there is no other way to fit the podcast around Chris and Joe's busy lives.
About this OutlookNonetheless, we are now giving you the review of a decade and the preview of a decade! We mostly stick to top-level stuff, especially since the deeper you dig, the more material we would have to cover.
Recommended Readings (Affiliated Links)The Fire Starter Sessions by Danielle LaPortehttps://amzn.to/38Ug3rUThe 7 Habits of Highly Effective People
by Stephen R. Covey
https://amzn.to/2sGDy78
The 8th Habit: From Effectiveness to Greatness
by Stephen R. Covey
https://amzn.to/34DYbOCThe $100 Startup by Chris Guillebeauhttps://amzn.to/2PEoFetOutliers by Malcolm Gladwellhttps://amzn.to/36U41g6Grit – The Power of Passion and Perseverance by Angela Duckworthhttps://amzn.to/2SbuEcj
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/2M8ZxKJHousekeeping - Time to brag We had more than 165.000 unique listeners to our audio podcast(s), keep in mind, most of them are only live since Q3. We had almost 350.000 views on Youtube and more than 2 mn impressions on social media.
You can find our top videos here on Instagram:
https://www.instagram.com/p/B7GcEC6IZd7/
Thank you very much for sticking with us, we greatly appreciate you guys!
Our sub-podcasts
💢 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/2qucve8
Tadadadaaaaaaaaaaaaaaaaaaaaaaaa
2020 will be the year of Beethoven, which is a safe bet!
There will be a lot going on since Beethoven turns 250 this year.
https://www.youtube.com/watch?v=59ZrMEjktsA
Ode to Joy:
https://www.youtube.com/watch?v=hdWyYn0E4Ys
He made it in pop culture some time ago e.g. Two and a Half Men:
https://youtu.be/EE6V3hoIZj8
Find all further links and show notes here: https://www.startuprad.io/blog/german-startups-2019-review-2020-outlook/
Send in a voice message: https://anchor.fm/deeptechgermany/message
You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio
A personal note from Joe: Every time you see Johannes smile, I was telling stupid stuff / laughing in his earbuds. Sorry about that, but I had a lot of fun recording the interview.
Interview PartnerIn this interview, we are talking to Johnnes Mattmann (https://www.linkedin.com/in/johannes-mattmann/,https://www.crunchbase.com/person/johannes-mattmann), founder of flyingshapes (https://www.flyingshapes.com/ https://www.crunchbase.com/organization/flyingshapes) a VR startup, which offers a software for industrial design (think automobiles, machines, planes, …).
Johannes studied particle physics and even had a research stay for his Ph.D. at CERN (https://en.wikipedia.org/wiki/CERN). Known to many people from Big Bang Theory (as large hadron collider https://www.youtube.com/watch?v=mL9XeopaOTY) but should actually be known as the birthplace of the world wide web.
The StartupDuring his studies, he had to make abstract data visual and process lots of abstract data, which he can now apply at flyingshapes. flyingshapes helps companies to do more of their product development process in their software and therefore enable them to accelerate their process. They also enable virtual design teams from across the world.
Venture FundingFlying shapes raised investments in fall 2019 from ISB (https://isb.rlp.de/home.html) and Bito Campus (https://www.crunchbase.com/organization/bito-campus), but they are looking for more investors in 2020. If you are interested, reach out and we connect you.
Affiliated Links
Looking for VR headsets? We talked about some of them in our interview.
Oculus Go VR Gaming Headset - 32GBhttps://amzn.to/37q8BmBOculus Quest All-in-one VR Gaming Headset – 128GB + Vader Immortal: A Star Wars VR Serieshttps://amzn.to/37nvZkEHTC Pro Eye Virtual Reality Kit Blackhttps://amzn.to/39xmWjeHTC VIVE - VR Brillehttps://amzn.to/2ZEPTVVSamsung Gear Virtual Realityhttps://amzn.to/2SKSEDMSamsung Gear Virtual Reality (glasses only)https://amzn.to/2ZGjwWR
During the interview we are talking about:CAD https://en.wikipedia.org/wiki/Computer-aided_design
Computational Geometry https://en.wikipedia.org/wiki/Computational_geometry
Polygon https://www.mathsisfun.com/definitions/polygon.html
Parametric curves: http://mathonline.wikidot.com/parametric-curves
Find all the links and videos (interview, as well as mentioned videos) here:
https://www.startuprad.io/blog/mainz-based-flyingshapes-accelerates-product-development-with-their-vr-software-video/
Send in a voice message: https://anchor.fm/deeptechgermany/message
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.
Talk to the hosts: Jörn “Joe” Menninger joe@startuprad.io Chris Fahrenbach chris@startuprad.io
Find all the links here: https://www.startuprad.io/blog/this-month-in-german-startups-december-2019-by-startuprad-io/
Recommended Holiday Readings (Affiliated Links)
The Fire Starter Sessions by Danielle LaPorte
https://amzn.to/38Ug3rU
The 7 Habits of Highly Effective People
by Stephen R. Covey
https://amzn.to/2sGDy78
The 8th Habit: From Effectiveness to Greatness
by Stephen R. Covey
https://amzn.to/34DYbOC
The $100 Startup by Chris Guillebeau
https://amzn.to/2PEoFet
Outliers by Malcolm Gladwell
https://amzn.to/36U41g6
Grit – The Power of Passion and Perseverance by Angela Duckworth
https://amzn.to/2SbuEcj
Send in a voice message: https://anchor.fm/deeptechgermany/message
BackgroundPublic blockchains, like Ethereum and Bitcoin, can only perform ten transactions per second. If you only want to put one percent of global financial markets on the blockchain, you would have to do hundreds of thousands more. That is where Perun comes in. They are a B2B startup and work with other companies who are interested in blockchain or already working with it. Perun generates an additional layer on the original blockchain, their protocol (2nd layer off-blockchain) is more secure and much faster by enabling transactions to be sent peer to peer in separate channels without confirmation of thousands of blockchain miners. In each channel, thousands of transactions per second are possible with current technology.
Perun’s channel technology could also be used by centralized financial networks like credit card companies or other payment providers (think PayPal). Their channel technology also allows machine-to-machine-payments on blockchains.
During the interview, we also talk about their technology’s theoretical limit.
They will soon release their protocol as an open-source developer kit. Find more information on that on their website.
Interview PartnerIn this interview, Joe is talking to Sebastian Stammler – Implementation Lead (https://www.linkedin.com/in/sebstar/) and Hendrik Amler Scrum Master (https://www.linkedin.com/in/hendrik-amler-932506191/) at Darmstadt based Blockchain startup PERUN (https://perun.network/). At the time of the interview (October 2019), the company was not yet incorporated.
Perun is part of a research group jointly of TU Darmstadt (https://en.wikipedia.org/wiki/Technische_Universit%C3%A4t_Darmstadt) and University of Warsaw (https://en.wikipedia.org/wiki/University_of_Warsaw). TU Darmstadt is one of the great starting points for many deep-tech startups (https://en.wikipedia.org/wiki/Deep_tech) here in Germany. You might also want to pay a visit to HIGHEST, the startup and innovation center of the university: https://www.highest.tu-darmstadt.de/highest/index.en.jsp.
Tune in to learn more.
Blockchain Germany by Startuprad.ioIf you are interested in German Blockchain startups, you can find our audio-only podcast "Blockchain Germany by Startuprad.io" here:
iTunes: https://apple.co/2O2jwLx
Spotify https://spoti.fi/2qucve8
DISCLAIMER:As opposed to the usual Youtuber or Podcaster in the Blockchain space my guests don’t pay thousands of Euros to be here. AND neither am I invested in you guys. I am also getting NO kickback.
For everyone who is surprised about that, many channels work like this. Just pay attention to the people in Telegram Chats who ask for admin emails and “business proposals” they usually sent an offer with a price tag of several thousands of Euros, sometimes upwards of 50.000 Euros, just to be on their channel. Oh, and before I forget: They usually only want cash, they don’t take crypto.
Make sure you vet your main blockchain information source before you fall into those traps.
Further reading:We are talking during the interview:
Vobis was a – now-defunct – computer hardware retailer in Germany, in the late 1990s. Some years they were showing the largest revenue for computer hardware in Germany. Learn more here in Wikipedia (article only in German): https://de.wikipedia.org/wiki/Vobis
Diploma degree: https://en.wikipedia.org/wiki/Diploma#Germany_and_the_German_academic_education_system_in_Europe
Prof. Dr. Sebastian Faust of TU Darmstadt: https://www.informatik.tu-darmstadt.de/cac/start_cac/mitarbeiter_cac/personendetails/index.en.jsp
Prof. Stefan Dziembowski, PhD of University of Warsaw https://www.crypto.edu.pl/Members/Dziembowski
Technical Papers for further reading:- General State Channel Networks https://eprint.iacr.org/2018/320
-
Virtual Payment Channel Hubs http://eprint.iacr.org/2017/635
-
Multi-Party Virtual State Channels https://eprint.iacr.org/2019/571
Recommended Holiday Readings (Affiliated Links)The Fire S...
Send in a voice message: https://anchor.fm/deeptechgermany/message
Interview PartnerIn this interview, Joe is talking to Friedrich "Freddy" Zwanzger (https://www.linkedin.com/in/zwanzger/), Chief Data Officer of Mainz-based blockchain startup Anyblock Analytics (https://www.anyblockanalytics.com/ ,https://www.crunchbase.com/organization/anyblock-analytics)
During this interview, we learn how Freddy discovered Blockchain back in 2015. We also talk about how Anyblock works. They are indexing blockchains and once the blockchain is on their index, one can analyze it and track activities.
Tune in to learn more.
Blockchain Germany by Startuprad.ioIf you are interested in German Blockchain startups, you can find our audio-only podcast "Blockchain Germany by Startuprad.io" here:
iTunes: https://apple.co/2O2jwLx
Spotify https://spoti.fi/2qucve8
DISCLAIMER:As opposed to the usual Youtuber or Podcaster in the Blockchain space you don’t pay thousands of Euros to be here. AND neither am I invested in you guys. I am also getting NO kickback.
For everyone who is surprised about that, many channels work like this. Just pay attention to the people in Telegram Chats who ask for admin emails and “business proposals” they usually sent an offer with a price tag of several thousands of Euros, sometimes upwards of 50.000 Euros, just to be on their channel. Oh, and before I forget: They usually only want cash, they don’t take crypto.
Make sure you vet your main blockchain information source before you fall into those traps.
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/
Further ReadingDuring the interview Freddy and Joe are talking about:
The city of Mainz: https://en.wikipedia.org/wiki/Mainz
Smart contracts: https://www.investopedia.com/terms/s/smart-contracts.asp
ISB Mainz (German only) https://de.wikipedia.org/wiki/Investitions-_und_Strukturbank_Rheinland-Pfalz
Find the video interview here (scroll down to the bottom of the Blogpost): https://www.startuprad.io/blog/anyblock-is-like-google-analytics-for-blockchain/
Send in a voice message: https://anchor.fm/deeptechgermany/message
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/
Send in a voice message: https://anchor.fm/deeptechgermany/message
You are listening to the audio track of a YouTube interview. Find all the interviews at www.youtube.com/startupradio
Find all the links and show notes here: https://www.startuprad.io/blog/qualifiction-helps-more-authors-to-get-published/
In this interview, Joe talks to Gesa of this year’s winner of the CONTENTshift (https://www.contentshift.de/en/) accelerator QualiFiction. Learn more here: https://www.contentshift.de/en/contentshift/news/congratulations-to-qualifiction/.
Publishers receive more than 4 million book proposals for SciFi novels each year, in the German-speaking area alone. Now QualiFiction wants to help here so more texts can be evaluated by the publishers. The startup has an AI, which can – within 60 seconds – evaluate a SciFi text. So, they avoid publishers sending back unread proposals to the aspiring authors, due to a lack of readers for evaluation. They also generate the metadata (e.g. genre) for the text.
QualiFiction is also looking for publishers who give them masses of texts in different languages so they can extend their offering to other languages, besides German.
_ Scifi Books Joe likes (AL) Peter F Hamilton: The Armageddon Series https://amzn.to/2rolpu9
Craig Alanson: Expeditionary Force Series: https://amzn.to/2QTNm7H
Arthur C. Clarke – Collected Stories: https://amzn.to/2Oo5HrT _
This interview is in association with CONTENTshift, the accelerator program of the Association of the German Book Publishers & Booksellers. You can learn more here https://www.contentshift.de/en/. The winners are announced on a live ceremony at the Frankfurt Book Fair each year https://www.buchmesse.de/en. The accelerator program aims to push the boundaries of publishing. We will bring you this year’s winner of CONTENTshift at Thanksgiving (Nov 28th).
History
Every year the Frankfurt book fair is also the place where Startuprad.io interviews the finalists and eventual winners of the program. We did this already in the past. Have a look at our interviews from 2018 on our playlist here: https://www.youtube.com/playlist?list=PLUbiCAQc22WsdxEzE7iASbXD4_rAAVQbx _ Affiliate Links Want to get better? Try our recommendations
Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions (Wiley Finance Editions) https://amzn.to/2WwKy1g
Venture Capital For Dummies (For Dummies Series) - Nicole Gravagna, Peter K. Adams https://amzn.to/2oxRDC4
Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist https://amzn.to/2WtuQ72
You can listen to Venture Capital books or entertainment on your way to work with an audible subscription (first month for free – AL) https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21 _
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You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio
In this video interview, we are talking to Johannes “Joe” Noll (https://www.linkedin.com/in/johannes-noll-10907478), who is co-founder and CEO at Darmstadt based App Guard. App Guard helps developers – to keep pre-programmed elements they are using in their applications – up to date, so no one can exploit known loopholes from those elements. This is important, since already a few hours after the release of new software automated tools will start to hack software, with known weaknesses. You can access the tool Codario here: https://codario.io/. They support docker, composer, NPM, Drupal, yarn, and python.
“5 Hours after the release of the software, automated hack start”
Currently, App Guard is raising Venture Capital. Reach out to us, to learn more.
The video interview was recorded at the booth of Frankfurt Forward at Entrepreneur University in Wiesbaden, Germany. Thank you to SAP Next-Gen for providing us space at their booth for the interviews before this one. Thank you to Frankfurt Forward to provide us the space for this interview.
“If you have several layers of dependencies if you are using one docker file”
Affiliated Links
Our Affiliate Partner
Co-Working
WeWork
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Fiverr
Email service?
G-Suite
Looking for a bank account for your startup? Have a look at our partner Penta
Penta Bank Account
Learn more about our Affiliated Marketing here: https://www.startuprad.io/blog/affiliate-marketing-at-startuprad-io/
Find the original post here, including the video interview: https://www.startuprad.io/blog/app-guard-helps-developers-to-close-security-loopholes/
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You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio
Originally published on October 17th 2019
Affiliated Links
Our Affiliate Partner
Co-Working
WeWork
Marketing / SEO / Graphics / Sounds and more
Fiverr
Email service?
G-Suite
Looking for a bank account for your startup? Have a look at our partner Penta
Penta Bank Account
Learn more about our Affiliated Marketing here: https://www.startuprad.io/blog/affiliate-marketing-at-startuprad-io/
This time Joe talks to Kostas, CEO, and Co-Founder of Blendo, our first interview with a startup from Athens. Blendo works in ELT, they allow their clients to access all of their data, so they can use the data directly. Blendo helps the company to validate its data. One could say Blendo becomes, therefore, part of the infrastructure of the company.
Kostas started with technology at an early age. He started early on in his studies to work with data.
“Data is the blood and oxygen of companies to remain competitive”
The HQ of Blendo is in Athens, but the legal entity is registered in Delaware. The reason behind it is that the first investors of the company have been from Israel and they agree to locate the headquarter of the company there. For some time, the startup has also been located in Tel Aviv, so Blendo now considers itself a global company.
“Being a founder is a life-transforming experience.”
Blendo has most of its customers in the United States but has employees in the US, Israel, and Greece.
“We re-invented the ETL process”
“I belong to the analog to digital generation. We started analog and ended up in the digital age”
Find all the links and show notes here: https://www.startuprad.io/blog/blendo-makes-data-accessible-for-companies-and-helps-them-to-stay-competitive/
Send in a voice message: https://anchor.fm/deeptechgermany/message
You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio
This interview is in association with CONTENTshift, the accelerator program of the Association of the German Book Publishers & Booksellers. You can learn more here https://www.contentshift.de/en/. The winners are announced on a live ceremony at the Frankfurt Book Fair each year https://www.buchmesse.de/en. The accelerator program aims to push the boundaries of publishing. We will bring you this year’s winner of CONTENTshift at Thanksgiving (Nov 28th).
In this interview, Joe talks to Georg Horn, Co-Founder, and CEO at varia.media, a startup based in Munich. Their service provides different perspectives on news, research or other topics, so one can escape their own filter bubble. Learn more in the interview.
Hint: You will hear Joe saying that this is the third interview, but the 2nd interview we recorded is the winner to be published on Nov. 28th, so our original order is screwed-up. Sorry, but at the time of recording, it was not clear, which startup would win.
You can learn more here: https://www.startuprad.io/blog/publications-until-end-of-november-thanksgiving/
Find all the links and show notes here: https://www.startuprad.io/blog/varia-media-offers-with-their-nlp-tool-perspective-as-a-service-for-journalism-and-research/
History
Every year the Frankfurt book fair is also the place where Startuprad.io interviews the finalists and eventual winners of the program. We did this already in the past. Have a look at our interviews from 2018 on our playlist here: https://www.youtube.com/playlist?list=PLUbiCAQc22WsdxEzE7iASbXD4_rAAVQbx
Outlook
During the course of the next few weeks we will publish five interviews with startups (https://www.contentshift.de/en/contentshift/news/who-will-become-the-content-startup-of-the-year/) from the CONTENTshift accelerator from the Frankfurt Book Fair (https://www.buchmesse.de/en), with startups from Germany, Denmark, and the UK.
Only the publication of our regular news will interrupt the series. We will end with a very special day at Thanksgiving, where we will publish our News, as well as the interview with the winner of the program.
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You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio
Affiliated Links
Our Affiliate Partner
Co-Working
WeWork
Marketing / SEO / Graphics / Sounds and more
Fiverr
Email service?
G-Suite
Looking for a bank account for your startup? Have a look at our partner Penta
Penta Bank Account
Learn more about our Affiliated Marketing here: https://www.startuprad.io/blog/affiliate-marketing-at-startuprad-io/
This interview is a Columbus Day Special. Suhas Patel is a serial entrepreneur. He is originally from India. Suhas is living for 14 years in Germany. He started 18 startups so far. Startuprad.io visited him in a meeting room in a co-working space in Frankfurt to talk about his new venture Tvarit, an Industrial AI company.
“I believe this startup has the potential to be a unicorn”
Suhas calls himself a “Technology Evangelist” Before founding his startups he was working in R&D departments of Qualcomm and Intel.
“With the 18 startups, I helped entrepreneurs to start their business”
Suhas is working on a concept of “Business Driven Philanthropy” to build new business verticals on the latest technologies. He had to close 70% of the startups he helped to start. This is great, especially since normally 90% of startups do not survive. Now he decided to stop all his assignments and concentrate 100% on Tvarit, to make the AI startup the first unicorn in Frankfurt.
“B2C Ai startups are mainly in China and the US. For B2B there is a great potential for Germany”
Tvarit (त्वरित)is a Sanskrit word, almost 3000 years old, it means fast. Tvarit's core values are based on "FASTER customer journey" and "PERSISTENT prediction accuracy". The concept of Industry4.0 is misunderstood as condition monitoring. Tvarit takes a step further by taking the data from the condition monitoring and provide the analytics to give actionable insights.
“we have the potential to become the SAP of Artificial Intelligence, since we can get a 360 degree view of the whole manufacturing unit.”
For those, who do not understand Joe’s joke: Skynet is the evil computer AI in the Terminator franchise, trying to eliminate mankind: https://en.wikipedia.org/wiki/Skynet_(Terminator)
“Two things are important, execution and focus”
Having strong R&D, Tvarit guarantees a patent application during the first 4-months project.
“You need to execute wisely and fast”
Find all the links and show notes here: https://www.startuprad.io/blog/meet-serial-entrepreneur-sushas-he-wants-to-make-tvarit-the-first-unicorn-in-frankfurt/
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Startuprad.io brings you in a Frankfurt-to-New-York recording the startup news Germany for October 2018. We wrap-up the news of the German-speaking startup scene (Germany, Switzerland, Austria, and Liechtenstein) of October in our recording.
Find all the links and show notes on our website: https://www.startuprad.io/blog/this-month-in-german-startups-by-startuprad-io-october-2019/
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From the archives of Startuprad.io, originally published on November 3rd 2016.
In this interview Joern interviews Stefan. Stefan is one of the co-founders of the startup Alyne. Alyne is also in the first batch of the program of Accelerator Frankfurt.
Alyne is a regtech (regulatory technology) startup. They offer to handle cybersecurity, regulatory and compliance for their clients. We got curious, when several big websites went down recently in an attack. In the light of these recent Denial of Service (DDoS) attacks with IoT devices, we ask Stefan what happened and what a startup could do to lower their cybersecurity risks.
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From the archives of Startuprad.io, originally published on April 13th 2016.
We talk with Kristjan Maruste, co-founder of CoModule Homepage. The company produces Software for light electronic vehicles (LEV) and an autonomous eBike. It monitors battery characteristics, displays them to the end user's smartphone and collects usage data. One of the reasons he ended up in this space and gave up acting as a potential profession was his father, who took him to places like this Technology Museum Sinsheim and Technology Museum Speyer (they work together and are not far apart). He also took part with CoModule in the Startupbootcamp Smart Transportation & Energy, which lead him to Berlin and they kept the HQ in Talin. CoModule already received investments in 4 rounds, the last one from five investors, one of them German High Tech Gruender Fonds (HTGF). None the less they are looking for investors for a Series-A Venture Capital Financing and fast movers can still be included. Tune in to learn more.
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