Germany Allocates Additional €46.5 Million to AI Startups
The German Ministry for Economic Affairs and Energy is seriously beefing up its support for innovative young artificial-intelligence companies.
Investors / Startups
German Start-Up Provides “Doctor in Your Pocket”
The coronavirus pandemic has increased demands on GPs’ time and capacities while underscoring the advantages of hybrid and digital medicine. That’s a need Munich start-up Avi Medical wants to address.
Investment Platform Scalable Scales Up Big Time
There’s a new member of the German unicorn club. Munich fintech Scalable Capital is now worth USD 1.4 billion according to business website deutsche-startups.de.
How Celonis Became Germany’s “Most Valuable Start-Up”
Among a spate of huge recent financing rounds, this one took the cake. Munich business software provider Celonis hauled in a cool USD one billion, taking the valuation of this innovative young company up to more than USD 11 billion.
Insurtech Wefox Joins the Multi-Billion Dollar Club
How to turn a fox into a multiple unicorn? All it takes is a promising business idea and a massive influx of capital such as the USD 650 million just raised by Berlin Insurtech Wefox.
Simulating Taste With Smell
Fledgling Munich company air up is making waves in the beverage sector with a flavored water that, strictly speaking, contains no taste at all.
German Fintech Increases Value Sevenfold
There’s exponential growth, and then there’s this. Berlin fintech and trading app Trade Republic has just concluded a USD 900 million round of funding and is now valued at USD 5.3 billion after being rated at USD 730 million at the end of last year.
Delivery Boom Fuels E-Bike Leasing
In the business world, disruptions not only render the best-laid plans moot. They also open up opportunities for companies nimble enough to think on their feet. Berlin e-bike leasing start-up GetHenry could write a book on that.
A Powerful Green Innovation
Across the country, there are hosts of start-ups developing cutting-edge solutions in the energy sector. Instagrid, a company from Ludwigsburg in southwest Germany which makes clean portable power solutions, is one example of German creativity in the area.
Ex-Bundesliga Star Developing “Smart Football”
As a player, Fabian Ernst was a standout for Schalke, Hamburg and Bremen and won 24 caps for Germany. Now as a co-founder of the start-up Sport Technology Systems, the 41-year-old wants to impact the game of football in a different sense.
