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Today in Germany: Movinga, Savedroid, EarlyTaste, Events Written by Felicitas Hackmann on 20. June 2016

Movinga founders leave their company all of a sudden

Berlin-based moving startup Movinga grew extremely fast – as the founders emailed their employees on Friday: Too fast. With a burn rate which ate up the $25 million raised earlier this year twice as fast as it should have, the company has decided to shut down two markets, Italy and Great Britain, firing about 150 of 500 employees. Also, the two founders, Bastian Knutzen and Chris Maslowski, are leaving the company and will become board members.
[Gründerszene, Friday] (German), [Gründerszene] (Update)

Savedroid secures €1 million investment

Frankfurt-based fintech startup Savedroid helps millennials save money. When surfing on Instagram, doing sports or even spending money on Amazon, one can transfer a small amount to a separate account to save up for a bigger investment, a vacation or a laptop. All that is done with an IFTTT (If This Than That) function, that can be activated with certain apps and a connection to one’s checking account. While the app just started as a beta version today, it already convinced ISB (Investitions- und Strukturbank Rheinland-Pfalz) and several business angels to invest €1 million.
[Gründerszene] (German)

Eggs in the the winter, fruits in the summer time – a breakfast startup shares its insights

“We started out by renting the kitchen of an Indonesian restaurant on weekends,” co-founder Steffen Oldenburg tells me, looking back to September 2015. Together with his co-founder Dominik Senk and four friends he founded EarlyTaste, a startup that delivers breakfast, in Cologne. But what sounds like pizza delivery for scrambled eggs and smoothies does in fact have more to it.[TheHeureka]

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Image: Movinga