German-founded Neufund announces its first Equity Token Offering with a minimum ticket of €100,000

Berlin-founded startup Neufund built upon the idea of legally-binding token offering on the Ethereum blockchain has announced the first Equity Token Offering (ETO) on its platform. The first company to test-drive the solution starting on November 27th is basically Neufund itself — that is, Fifth Force GmbH, which is the official operator of Neufund. Neufund, […]

German on-demand staffing startup Zenjob raises €15 million

Berlin-based on-demand staffing platform Zenjob has raised a Series B round of €15 million led by AXA Venture Partners, a VC firm backed by the insurance giant AXA. Acton Capital Partners, Redalpine, and Atlantic Labs also participated in the round. The startup plans to use the money to further develop its platform and expand beyond […]

Factory Berlin raises funding from the RAG-Stiftung

Factory Berlin, a community space and initiative in Berlin focused on design and entrepreneurship, has raised an undisclosed amount from the German-based foundation RAG-Stiftung. Officially opened in 2014, Factory has two locations in Berlin — in the neighbourhoods of Mitte and Görlitzer Park — with facilities including coworking and event spaces for startups and freelancers. […]

German online fashion startup Lesara files for insolvency

Lesara, a well-funded Berlin-based startup that raised its last funding round of €30 million in July, filed for insolvency last week together with its logistics subsidiary. The company has attracted a total of €85 million, and currently employs more than 300 people in Berlin, Erfurt, and Guangzhou, China. According to Gruenderszene, over the past week, […]

German anti-fraud startup Fraugster raises $14 million

Berlin-based startup Fraugster that applies AI and machine learning algorithms to fraud detection in the e-commerce space, has raised $14 million in a funding round led by CommerzVentures, the venture capital subsidiary of Commerzbank, and early Fraugster investors Earlybird, Speedinvest, Seedcamp and Rancilio Cube, with participation from HSB Ventures, the venture capital arm of the […]

German luxury watch marketplace Watchmaster raises €13 million

Berlin-based startup Watchmaster has raised €9 million in equity funding and €4 million in debt financing to expand its pre-owned fine watch marketplace across Europe. The company also announced the appointment of Tim-Hendrik Meyer, the former co-founder and COO of a table-booking startup Quandoo, as the new CEO. Founded in 2015, the startup currently employs […]