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This Week in Germany Written by Felicitas Hackmann on 24. February 2017

Service Partner One lays off staff

Berlin-based office management solution Service Partner One is restructuring. In order to switch from manual to automated processes the startup lays off 15 from its 100 people, another 15 were moved to partner companies. Also, after co-founder Jonas Blauth left last fall, co-founder Nadine Capoen leaves now. However, co-founders Sven Hock and Tobias Johann are staying. Service Partner One offers a platform through which offices can order anything they need, from cleaning to fruit delivery.
[Gründerszene] (German)

Kinnevik sells half of its Rocket Internet shares

After Swedish VC Kinnevik sold half of its stake of Rocket Internet, their shares fell as much as 14 per cent on Thursday. The two companies increasingly became competitors lately. Kinnevik sold a 6.6 per cent stake, which each being valued at 19.25 euros, that makes a total of 209 million euros.
[Reuters]

Project A closes 140 million euros fund

Company builder Project A, who also describes itself as a “Operational VC”, closed a 140 million euros round, which will lead to investments between 300,000 euros – 5 million euros. A separate 40 million euros fund is used for follow-on investments. Project A focusses on “consumer internet and digital infrastructure, in particular marketing technology, and B2B-centered marketplaces”.
[TechCrunch], [Gründerszene] (German)

Legalbase files for bankruptcy

Cologne-based Legalbase offers a platform to pick a lawyer. After a 2 million euro investment round didn’t take place, the startup now has to file for bankruptcy. However, the 17 employees hope another investment will take place. As of right now, founder Daniel Biene explains, he’s not ready to give up.
[Gründerszene] (German)

Bonify raises 5.5 million euros

Berlin-based Bonify offers its clients a service to keep track of their validity. While that is free, the startup gets a commission on personalized offers, e.g. for insurances or phone contracts. Now, the startup got a 5.5 million euros investment, which was led by London-based Mosaic Ventures and Palo Alto-based Ribbit Capital. Index Ventures, DN Capital, HW Capital and the founders of Zalando and Raising participated as well. The investment will be used for tech improvement and marketing.
[Gründerszene] (German)

Image: Some rights reserved by Georgie Pauwels