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This Week in Germany: Six headlines you shouldn't miss Written by Felicitas Hackmann on 19. August 2016

Homebell lays off staff

Craftsmen startup Homebell lays off staff. While rumors have it, its about 40 people, the startup says it’s less, but won’t comment on the exact number. Just recently, the startup raised millions. Apparently, it’s brexits fault, however, there are voices commenting it has other reasons, e.g. the commissions.
[Gründerszene] (German)

Tink raises investment

Launching today, Tink wants to offer updating one’s home devices to smart home devices. The startup that is just a few months old, has already interesting investors on board, such as ProSiebenSat.1 and Rocket Internet. However, the size of the investment stays undisclosed.
[Gründerszene] (German)

Outfittery raises $22 million

Four-year-old Berlin-based Outfittery has raised another $22 million, with leads to an overall investment of about $55 million and to a valuation of approx. $100 million. The startup offers a fashion service to men. After a short Q&A, stylists picking clothes in one’s style and size and mail them directly to your door. Men pick what they like and return everything else. With the investment come new investors: New York-based Octopus Ventures and U-Start Club, which is backed from several families from Italy and Switzerland. However, existing investors Northzone, Mangrove Capital, Highland Capital Partners and Holtzbrinck Ventures participated as well.
[Gründerszene] (German)

HeavenHR raises €6 million

Berlin-based cloud-based HR management platform HeavenHR announces a Series A round. €6 million come from Target Global and Open Ocean. The startup that focusses on small and medium size business is just 10 month all, but already available in Germany, Austria, France and Switzerland. The platform offers HR folks digital contracts, electronic personnel files, absences and time tracking. While all the mentioned services are for free, additional services such as payroll, benefits, pension and insurance management can be booked for fee.

StyleLounge raises seven-digit figure

Hamburg-based comparison portal StyleLounge announces a seven-digit strong round. Having started in 2015, the startup compares different online shops, such as Zalando, Otto, and asos. The investment comes from existing investors TA Ventures, Astutia Ventures and Axivate Capital. Rocket Internet joined as well.
[Wirtschaftswoche] (German)

Project A invests in Swedish health startup

Berlin-based VC Project A participates in a seed round along with London-based Index Venture and Swedish Creandum. €6.1 million go to Kry, a health startup that offers video conferences with doctors.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels