Solarisbank, Qonto, Samsung, Monthly Startup News and Kranus Health
We are catching up on our most recent publication. Please note that we will only publish a podcast episode every other week in July and August and be back with the summer news wrap-up on September 5th
Learn How French Fintech Unicorn Qonto Wants to Conquer the German Market - Exclusive Content
French neobank unicorn Qonto announced their 486 m Euros in Series D funding at 4.4 bn Euro valuation in January 2022, with a global Who-is-Who of investors. 100 m Euros of this record funding will go into their expansion in the German market, competing with Penta, N26, Holvi, or Deutsche Bank’s Fyrst. So we talked to Torben Rabe Qonto’s Country Director for Germany about how they want to compete and reach their goal of 1 million customers by 2025.
Full blog post, audio and video podcast here
Blog Post: Kranus Health Series A
We just had the English world premiere of Kranus health with its founder and CEO Jens Nörtershäuser.
At the time of the interview we knew they were fundraising, but unfortunately, there was nothing we could publish yet. So we are very happy to congratulate the team around Jens for raising 6,5 m US$ Series A funding in a very challenging environment.
Find the full Blog Post on our Medium.com
Blog Post: Solarisbank is Exploring All Options From Fundraising to a Sale to a PE Fund
According to a recent German press report, Solaris Bank is currently in fundraising mode. The fundraising is no surprise since this was expected and widely known after they raised 190 m € in July 2021, valuing the bank at 1.4 bn Euros. What is new is the information that Solaris also considers selling a “large stake”, maybe even the whole company to a private equity fund.
Learn more on our Medium.com Blog
This Month in German, Swiss, and Austrian (GSA) Startups — June 2022
Startups in GSA also shedding headcount, including unicorns that recently raised money. All signs point towards them extending their runway, expecting a recession. Some startups face a challenging fundraising environment, but others like WeFox want to almost double their valuations. Also, Personio and Trade Republic raise additional funds.
In our “stay ahead of the curve” section, we have a lot of articles an entrepreneur should read to prepare for the potential downturn.
German economic minister Habeck is unveiling his new startup strategy, considering even a minimum investment in VC Funds for German insurers and pension funds.
The fast delivery startups seem to hit a wall and even formerly mighty Gorillas now explores strategic options.
Let’s talk startups:
Find the blog post and our audio and video podcast on our Medium.com blog
Blog Post: Samsung Buys IP of German Startup Cynora for 300 m $ — All Employees Are Fired
The IP of Cynora GmbH was sold to Samsung at 300 m US$, as reported by Bloomberg. Cynora was founded in 2013 in Bruchsal, Germany, and working on improving the blue color in OLED displays with TADF (thermally activated delayed fluorescence) technology.
Learn more here:
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