US-based private equity group KKR has announced an offer to buy the stakes in the German publisher Axel Springer from minority shareholders at €63 per share. The offer represents a 40 percent premium on the price of Axel Springer’s shares as of May 29, when the news about the negotiations between the parties first broke. […]
German-founded Urban farming startup Infarm has secured a $100 million funding round described as a mix of equity and debt financing led by Atomico, with participation from existing investors Balderton Capital, Astanor Ventures, Cherry Ventures, and TriplePoint Capital. Infarm has developed a quickly-deployable modular urban vertical farming platform. The company currently operates in Germany, Switzerland, […]
Munich-based foodtech startup YFood has secured €4.2 million in a Series A funding round led by Five Seasons Ventures, with participation from New Ground Ventures and existing investors. The startup plans to hire more people within the next few months and focus on the markets of Germany, Austria, and Switzerland. Founded in 2017, YFood has […]
This week, Natalie Novick and Andrii Degeler discussed the new alliance of German publishers to fight Facebook and Google, the rise of mergers and partnerships across the continent, the importance of VC branding, enthusiasm for tech, and much more. We’ve also prepared an interview with Samsung NEXT’s Christina Bechhold Russ.
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 […]
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 […]
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 […]