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.
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 […]
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 […]
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 […]
Next Big Thing, an IoT and blockchain company builder based in Berlin, has raised €12 million in funding led by the insurance group Talanx, which made this investment through its subsidiary HDI Global. FinLab EOS VC fund and several private investors also participated in the round. The company builder was started in 2016 by Harald […]
German business social network XING has acquired the Berlin-based IT job platform Honeypot for €22 million, with another €35 million in earn-outs to be paid within the next three years if the company hits the unspecified “ambitious operating targets.” Honeypot operates an “inverted job board” for technical talent, in which companies send applications to candidates, not […]
German provider of infrastructure-as-a-service and platform-as-a-service solutions (IaaS and PaaS), gridscale, has landed a €7 million funding round led by Endeit Capital and EnBW New Ventures, with participation from BLSW Seed and Growth Fund and High-Tech Gründerfonds. Founded in 2014 and headquartered in Cologne, gridscale offers scalable infrastructure-as-a-service solutions billed per minute, such as distributed […]