Axel Springer acquires another 14 percent in Purplebricks for €49 million

German publishing giant Axel Springer has increased its stake in the UK-based digital real estate platform Purplebricks to 26.6 percent by acquiring €49 million worth of stock “from various founding shareholders” at £1 per share. At the time of writing, Purplebricks was trading at £1.082 per share. Launched in 2014, Purplebricks bills itself as a […]

Berlin-based travel booking startup Tourlane raises $47 million

German travel startup Tourlane has landed $47 million in a funding round led by Sequoia and Spark Capital, with participation from DN Capital and HV Holtzbrinck Ventures. As it usually happens, the startup plans to use the funding to expand internationally, hire more people, and further develop its product. Founded in 2016, Tourlane is a […]

German phone sales assistant startup Ciara lands “millions” from UVC

Germany’s Ciara, a digital assistant for sales representatives, has raised “millions” in funding from Unternehmertum Venture Capital Partners (UVC Partners), with participation from the founders of Interhyp Marcus Wolsdorf and Robert Haselsteiner, as well as entrepreneurs Christian Mangstl and Felix Haas. Ciara, which appears to have just come out of stealth, works as a real-time […] Podcast #116: SoftBank goes shopping in Germany; the state of car sharing in Europe; how ICO white papers are written; is it time to boycott Saudi money; and more

This week, Natalie Novick and Andrii Degeler talk about SoftBank’s confirmed and alleged deals in Germany, European car sharing companies and luxurious experiences connected to some of them, best and worst practices of writing ICO white papers, whether it’s time to start boycotting the money coming from Saudi Arabia, and more.

German travel startup GetYourGuide lands €500 million from SoftBank

In a second major funding deal within one week, the Japanese behemoth SoftBank has just poured $500 million in Berlin-based travel startup GetYourGuide. The deal values the startup at €1.6 billion, according to a report by Deutsche Startups. GetYourGuide has told TechCrunch, however, that the report is “inaccurate” without offering a further explanation. SoftBank hasn’t […]

Softbank invests €900 million in Germany’s Wirecard

German digital payments company Wirecard has secured a colossal €900 million in funding from Softbank’s Vision Fund. Structured as a convertible bond, the deal may result in Softbank owning 5.6 percent of Wirecard’s stock after five years. The funding from and the partnership with Softbank will supposedly help Wirecard to expand in Japan and South […]

European Investment Bank will lend €100 million to Dutch and German small businesses through Funding Circle

The European Investment Bank (EIB) has announced that it will lend €100 million to Dutch and German small and medium enterprises through the Funding Circle peer-to-peer business loans platform. The bank expects this investment to support more than 2,000 startups and small businesses, based on the average loan amount of €40,000 to €70,000. This is […]