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The Good, the Bad, the News: This Week in Germany Written by HEUREKA editorial on 6. November 2015


$11 million for Relayr

Berlin-based Internet of Things startup Relayr announces a series A round. The $11 million came from famous U.S.-based tech VC Kleiner Perkins Caufield & Buyers, Munich Venture Partners and business angel Tom Noonan. KCPB is well known from its investments in Google and Amazon, and has also invested in SoundCloud.
[Gründerszene] (German)

Factory receives a new investment

Berlin-based startup campus Factory received a new investment. Klaus Hommels invested as a business angel and became a member in the Factory’s board of advisors.
[Gründerszene] (German)

ACI Worldwide acquires PAY.ON

Munich-based PAY.ON offers a white label payment infrastructure which connects 300 alternatives payment methods and works in over 160 countries. ACI paid $200 million in cash and stocks for the startup founded in 2004.

Chronext raises €5.3 million

Zurich-based Chronext announces a new investmen. The luxury watch market place raised $5.3 million from existing investor Capnamic Ventures and NRW-Bank and a number of new players: Partech Ventures, InVenture Partners, MGO Digital Ventures, Altus Capital, Playfair Capital, and several business angels joined.
[Gründerszene] (German)

Compeon raises €2.5 million

Emsdetten-based fintech startup Compeon also announces an investment: €2.5 million round. Besides already existing investor Dieter von Holtzbrinck Ventures, B-to-v and Tengelmann Ventures invested. The investment will be used to hire new staff, increase marketing activities, and extend IT functionality.
[Gründerszene] (German)

Commerzbank and Rocket Internet invest in Byebuy

Berlin-based gadget rent startup Byebuy announces an investment. Frankurt-based Comemrzbank’s Main Incubator invested as well as Rocket Internet’s Global Founders Capital, Hannover Innovation Fund, KRW Schindler Investments, and previous investor Seedcamp.

FinTech startup Figo raises seven-digit amount

Hamburg-based Fintech startup Figo announces a seven-digit amount. Aside from existing HTGF (High Tech Gründerfonds) two business angels joined the round.
[Gründerszene] (German)

Nestpick raises €11 million series A round

Founded in the Netherlands, mid-term accommodation booking website Nestpick moved its HQ to Berlin when Rocket Internet jumped in as investor in December 2014, six month after its launch. Today, Nestpick announces a €11 million investment from Mangrove Capital Partners, Enern, and Rocket Internet.

Uber stops service in three German cities

Though its valuation grows and grows, legal issues are not getting less. As a consequence, Uber now shuts down in Frankfurt, Hamburg and Düsseldorf, leaving active operations in just Berlin and Munich. However, in Berlin it only works with the regular taxis, which makes the app similar to MyTaxi. Business in Hamburg is being paused, the company said, and will pick up as soon as a legal long term agreement has been found.
Image: Some rights reserved by Georgie Pauwels