Earlybird startup Bonagora files for bankruptcy
Bonagora, a Berlin-based online marketplace for home fashion, filed for bankruptcy Tuesday. Bonagora, established in 2014, hoped to make the lives of traders and businesses easier. Early on the startup secured approximately €3.5 million from investors, such as Earlybird, Vogel Ventures and Makers.do. The reason the company is now filing for bankruptcy is that business in the Asian market did not pick up as planned.
SAP opens IoT startup area
The software giant SAP opened a “Data Space” in Berlin Mitte, near Hackesche Markt. The space can host up to 10 B2B startups, which will have access to 40 desks, software and connections to SAP clients. The space, set to open in February 2017, will allow for these startups to solve concrete customer tasks. SAP also hopes the space will speed up innovation and the creation of new business models.