Spottster willingly closes up shop
The Hamburg startup Spottster, which let people know when and where their favorite products went on sale, will be shutting down operations after four years. The startup’s founders, Freya Oehle and Tobias Kempkensteffen, said money was not the issue. According to Oehle the business model works, but was not generating any further growth. This left Spottster dependent on partner cooperations, she said. Spottster was backed by DHDL investor Jochen Schweizer and Forum Media Ventures.
Berlin startup eWings bought up by British services provider
The Berlin startup eWings was bought up by the Hogg Robinson Group, a global corporate services provider based in Britain. The price tag of the acquisition was not shared. The startup, founded in 2014, developed a software that lets customers quickly book flights after comparing rates from approximately 700 airlines worldwide.
Internet institute launches in Berlin
The German government announced the opening of a national internet institute in Berlin. The goal of the institute is to look how society is impacted by digitalization. Doors are set to open in 2018. The German Ministry of Research will invest up to €50 million ($55.8 million) in the first five years.
Hamburg startup Hej secures investment
Hej, a Hamburg food startup, raised €1.6 million with the help of two business angels, who wish to stay unnamed. The startup, which was founded in 2013, currently has 12 employees and is backed by a larger company, Goodlife Company GmbH. The company produces protein and nut bars that are healthy alternatives to Snickers and Mars and Co. The Hej team plans to use the fresh capital to grow the brand and hire more employees.
Fresh capital for Greifswald startup Advocado
Advocado, a startup out to digitalize legal services via their platform, announced fresh capital. But founders Maximilian Block and Jacob Sass were not willing to share the exact amount, only that it was upwards in the millions. The startup was founded in 2014.