Kiwigrid raises an 8-digit investement
The Dresden-based energy startup Kiwigrid announced raising an 8-digit sum in its third investment round. New to the round was LG Electronics, who joined existing investors, including AQTON. The startup offers an industry platform for energy IoT that provides users an overview and let’s adjust controls for various systems, like electric car charging stations for electric and solar power systems.
Dignivita raises a round before launching
Holtzbrinck Ventures and Cherry Ventures invested in the Berlin-based healthcare startup Dignivita last fall, according to the commercial register. The investment amount is undisclosed and there is little information available about the startup, which has not yet launched a website. According to Gründerszene, the startup wants to digitalise the health care sector, which may include a new way of organising patient records.
Gastrofix raises 8 million euros
The cash point solution provider Gastrofix announced raising eight million euros (8.6 million USD) in a Series B round on Thursday. The round was led by Radeberger, a well-known German brewery. According to Gastrofix’s CEO, Dirk Owerfeldt, the startup stands to benefit from Radeberger’s network. The startup, which offers a cloud-based cash point solution for gastronomy businesses, employs 100 people in Germany, Austria, Switzerland, the Netherlands, Spain and Ireland. The company plans to use the investment to expand the business.
Front Row Society files for bankruptcy
Front Row Society, a crowdfunded fashion startup, quietly filed for bankruptcy in October 2016, despite raising 500,000 euros on Seedmatch. The idea behind Front Row Society (FRS) was for artists and creative types worldwide to showcase their ideas, which would be voted on by the FRS community. FRS later became its own brand and opened up shop in Frankfurt, Germany. It seems that did not work out as planned.
SmartRecruiters acquires Jobspotting
The Berlin-based job platform Jobspotting was acquired by the San Francisco-based company SmartRecruiters. Launched in 2013, Jobspotting will remain active in the 10 countries where it currently operates. All employees, including the CEO, will stay onboard. Jobspotting focused predominantly on technology and data, where as SmartRecruiters focused on recruiting tools. Both services will now be merged. Other details about the deal remain undisclosed.
[Gründerszene] (German), [TechCrunch]
Rocket Internet invests in online drugstore
Rocket Internet Global Founders Capital fund invested in the Berlin-based startup Discandoo, which hopes to become Europe’s largest online drugstore by selling everyday products for 10 to 20 per cent less than in offline stores. The company plans to buy the various products from around Europe – depending where the product is sold the cheapest. However, shoppers will have to wait 5 to 6 days for their delivery. Kima Ventures, Discovery Ventures, Starstrike Ventures, Calvalry Ventures, several business angels and the founders of Ladenzeile, Robert Maier and Johannes Schaback, also invested.
Rumour of the day: Ohlala shut down in the US
The Berlin-based paid dating service Ohlala, which expanded its service to New York in 2016, has gone offline. The New York location is also no longer listed under the “available cities” section. While the service is apparently still available in Germany, the startup’s social media channels have been quiet since last summer. Ohlala’s CEO and founder, Pia Poppenreiter, declined to comment.