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This Week in Germany Written by Felicitas Hackmann on 25. November 2016

Insovent Cookies is acquired by Klarna

The Berlin-based fintech startup Cookies, which recently filed for bankruptcy, was acquired for a “trivial” amount by the Swedish payment service Klarna. The deal itself can be considered an asset-deal or similar to an acqui-hire, which means the startup was bought for its high quality staff.
[t3n] (German)

Newsenselab receives investment

The Berlin-based startup Newsenselab doesn’t stop migraines with its app, but aims to help manage them. The startup reported raising a six-digit figure from Think.Health Ventures and HTGF, first time investors, and existing investors, Flying Health and a business angel. While the android app is free for now, some of the programs may come at a cost next year.
[Gründerszene] (German) announces bankruptcy

When the Berlin-based music tv startup started in 2008, the company aimed to provide the benefits MTV once did. Turns out it was not as easy as they hoped. The startup changed its business model several times, but was unable to out compete companies like Spotify and YouTube. The startup did not provide any additional comment or details.
[Gründerszene] (German)

Nu3 raises several million euros

Nu3, a Berlin-based super food and dietary supplement startup, was recently in the news after laying off employees. But on Monday the company announced a new round of funding from an unknown investor. The amount was not disclosed, although it is is said to be “several million euros.” Previous investors included Lakestar, Projekt A and Carsten Maschmeyer, a well-known German business man.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels