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The Good, The Bad, The News: This Week in Germany. Written by Felicitas Hackmann on 8. April 2016

Deutsche Bank goes Silicon Valley

Germany’s largest bank, Deutsche Bank, has already opened innovation labs in Berlin and London in 2015. Now, it goes abroad. Willing to invest €1 billion in digital initiatives, another lab will open in Silicon Valley. All this is going on with the help of its partner IBM, which will contribute resources, expertise and relationships to the bank-led efforts.

€1 million for deepstreamHub

Berlin-based startup deepstreamHub announces its first funding round. €1 million comes from BlueCard Ventures, which is the VC’s first investment. The startup offers a cloud platform which works as a backend for developers, e.g. for smartphone apps, browser programs, or IoT applications.
[Gründerszene] (German)

Series C for Finanzcheck

Hamburg-based fintech Finanzcheck announces its €33 million strong Series C. Finanzcheck is a consumer loan marketplace, which helps people to get an overview of loans, and also to apply for one. The lead investor, HabourVest, must think it’s a great idea. Acton Capital Partners and existing investor Highland Europe also joined the round.
[TechCrunch] (German), [Gründerszene] (German)

€7 million for Scalable Capital

Munich-based digital investment manager startup Scalable Capital raised €7 million. The round was led by existing investor Holtzbrinck Ventures, the others (Monk’s Hill Ventures, German Startups, MPGI) joined, as well as new investor Tengelmann. The investment will be used to expand with a focus on the UK.
[finextra], [Gründerszene] (German)

Monoqi gets €3.5 million loan

Berlin-based design startup Monoqi gets €3.5 million without handing out any equity. The loan comes from Davidson Technology Growth Debt Fund. The money will be used to expand worldwide. Monoqi was founded in 2012 by Simon Fabich and Felix Schlegel and has a 130 person strong team. The idea behind the startup is to sell products in so-called “Flash Sales”.
[Gründerszene] (German)

Africa Internet Group receives another $85 million

Africa Internet Group, backed by Berlin-based startup and clone factory Rocket Internet, recently announced a $326 million investment. Now, mobile giant Orange joined the club. The company invested $85 million and will also join as a strategic partner to push and promote the business.

Online language school raises €3.7 million

Berlin-based language school Lingoda raises a €3.7 million round. It is led by Grazia Equity, existing investors Mountain Partners and German Startups Group also participated. The startup will now focus on growth and increase marketing activities.
[Gründerszene] (German)

Deutsche Post acquired startup and builds its own electrical cars

Deutsche Post wants to deliver its mail the electrical way – with electrical cars to be specific. While one would think it shouldn’t be too hard to find such vehicles nowadays, Deutsche Post had to acquire the Aachen-based startupStreetscooter in 2014 in order to build the transporters it was looking for. The story of two professors, their students and a startup that now has a 70 person team and is still led by one of its founders is on Gründerszene today.
[Gründerszene] (German)

Joko & Gin

After investing in GoButler (former request-everything-service, now on-demand flight assistant) and Von Jungfeld (socks), German TV host Joko Winterscheidt invests in his friend’s gin startup MUSCATEL. From what he says, he doesn’t check numbers but trusts his feelings. Cheers!
[Gründerszene] (German)

Ströer acquires StayFriends

Outdoor media giant Ströer acquires StayFriends. Remember StayFriends? If not, you’re not alone. StayFriends was a network similar to StudiVZ (the German Facebook), and also similarly successful. However, Karsten Giernalczyk, former VP of Business Development and Marketing at StayFriends, shares some interesting insights on why StayFriends is interesting for Ströer, which acquires the network for €16 million.
[OnlineMarketingRockstars] (German)

Image: Some rights reserved by Georgie Pauwels