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The Good, the Bad, the News: This Week in Germany. Written by HEUREKA editorial on 9. October 2015


Clue raises $7 million

Berlin-based fertility app Clue announces a €7 million round. The investment comes from Union Square Ventures (known for its investment in Twitter, Kickstarter, Tumblr, and Etsy), Mosaic Ventures, and existing investors such as Brigitte Mohn, Christphone Maire’s Atlantic Internet, the Arnault Group as well as Joanne Wilson. The investment will be used for further product development, more staff, and expansion.
[Gründerszene] (German)

Into playing music? Skoove is opening public beta

Skoove, a music learning platform claims to offer the world’s first interactive online piano lessons. Yesterday, it opened a public beta version. Skoove give piano players real time feedback on their progress and works through any web browser. It is backed by Microsoft Ventures and HTGF.

Samwer brothers buy the historical Ullsteinhaus building in Berlin Tempelhof

In April, company builder Rocket Internet announced to buy a building at Checkpoint Charlie and name is Rocket Tower. Now, the Samwer brothers (who founded Rocket Internet) purchased another large real estate in Berlin: The Ullsteinhaus in Tempelhof. It has quite a history: Being build in the 1920′s for the Ullstein publishing house, it became a known media house where German newspapers such as Berliner Zeitung, Berliner Morgenpost and part of Der Tagesspiegel were produced after World War II. 1985 it was sold to the Becker und Kries consortium bought it, who now sold it to the Samwer brothers.
[Gründerszene] (German)

Tado announces $17 million round

Munich-based smart thermostat startup Tado announces a $17 million round. That makes a total funding of $34 million for the Google-owned Nest competitor. Existing investors Target Partners and Shotcut Ventures joined the round, so did Statkraft Ventures, BayBG and Siemens’ VC arm.

ProSiebenSat.1 invests in Sport startup

The Munich-based media group ProSiebenSat.1 invests in the global soccer network90Min. The $15 million round was led by the German media house, however, existing investors Battery Ventures, Dawn Capital, and Gemini Ventures joined. 90Min was started in 2011 by Asaf Peled, who will stay as CEO. Since its launch, 90Min raised a total of $39 million. According to the startup, it has more than 30 million user worldwide.
[Gründerszene] (German)

TV host invests in socks startup

Known from TV formats such as Circus HalliGalli, host Joko Winterscheidt is also known as an investor of GoButler. This time he invests in a socks startup: Von Jungfeld. Only two years after having launched, the Mannheim-based company’s items are available in over 10 countries and 510 shops, including Hirmer, KaDeWe and Galerie Lafayette.
[Gründerszene] (German)

EQT acquires kfzteile24

The founder of Berlin-based kfzteile24 sold a majority stake to EQT. kfzteile24 sells automotive spare parts. While Internetstores CEO René Marius Köhler and Project A Ventures managing director Florian Heinemann will join the board of directors, the founder will keep their co-CEO positions.
Image: Some rights reserved by Georgie Pauwels