Berlin-based Monite raises €1.1 million to automate admin and accounting for SMEs in Europe

Monite wants to alleviate the (on average) 15 hours per week that small to medium sized businesses spend on financial admin tasks. Announced today, Monite is launching their financial management platform that seeks to automate the admin and accounting processes. The €1.1 million pre-see round includes investments from Tomahawk VC, signals Venture Capital, InVentures and […]

Berlin-based Blacklane jumps into ride hailing

Expanding beyond pre-scheduled rides, Berlin based Blacklane is now offering a chauffeur hailing service. The new offering is launching in New York City today, London and Dubai tomorrow, and Berlin and Paris on Thursday. Further rollout is scheduled for 21 cities across 11 countries by the end of the month. London will receive special treatment […]

PwC acquires minority stake in Berlin AI startup Statice

Nearly two years since raising “millions” in funding, Berlin based AI startup Statice has had a significant minority stake acquisition (nearly 50%) from one of Germany’s leading auditing and consulting services, PwC Germany. “This investment enables us to accelerate the development and distribution of our offerings in the finance, insurance and healthcare industries” says Omar […]

Berlin-based health tech investor Heal Capital closes €100 million fund

Heal Capital, a young German investment firm that is keen to back European health tech ventures at the early stages of their businesses, has closed on a €100 million fund. Founded in Berlin in 2019, Heal Capital is backed by more than 25 German private health insurance companies, including the likes of Allianz, Axa and […]

After 3.5 million downloads, Berlin language learning app maker Beelinguapp raises $1.1 million

Beelinguapp, a Berlin-based language learning software startup, has scored $1.1 million in seed funding after reaching 3.5 million ‘organic’ downloads for its app. The round was led by Joyance Partners, a US-based VC fund, and EquityPitcher Ventures, a network-driven growth VC from Switzerland. A group of angel investors also participated in this round, including eBay […]

Berlin fintech startup Neufund picks up €4 million on its quest to secure a financial license

Neufund, a German fintech startup that connects investors and entrepreneurs by means of a blockchain-powered platform, has raised another €4 million in financing in a round led by Christophe Maire’s Atlantic Labs and Factory Berlin CEO Udo Schloemer, with participation from Freigeist Capital and Dario Suter (founder and managing director of DCM). The round, which […]

Berlin-based insurtech startup simplesurance scores €15 million convertible loan from Allianz X

Berlin-based cross-selling insurance platform simplesurance has raised a €15 million convertible loan from Allianz X, the ‘€1 billion digital investment unit of the Allianz Group’ and a previous investor in the insurtech startup. Backed by the likes of Rakuten, simplesurance had raised roughly $60 million in financing before this transaction, according to Crunchbase. The company […]