HTSB News May 2022
E V E N T S
In the upcoming After Hour & Processes event we would like to discuss the topic of CRM and the experience of implementing and using different CRM tools in a number of start-ups.
Event in german language.?Registration and further information >>
An exclusive evening event for leaders, game changers and entrepreneurs.
Discuss opportunities, trends and possibilities with representatives of the regional ecosystem. At an unusual location. With a newly developed format. And exclusive guests.
WHAT CAN I EXPECT?
An entertaining evening with pioneers from future industries, representatives of leading tech companies, start-ups, top journalists and formative players in the German economy. Hold conversations in a relaxed atmosphere, network with decision-makers from the region and get to know Dresden's movers & shakers.
Interested? We provide a discount code for HTSB members and partners. Please contact Thomas .
Join us for three on site days of festival experience. Come together and enjoy unique insights, breaking innovations and newest applications from the world of robotics.
See more: www.robotics-festival.de
Here we go again... to celebrate the 10th edition of HIGHTECH VENTURE DAYS . 40 startups will be selected to meet 180 investors. Focus is purely on industrial high-tech. 30 June is deadline for startups to apply and for investors to get their earlybird tickets.
SETTING THE STANDARD FOR UNIVERSITY SPIN-OFFS
More information:?https://www.transferallianz.de/ta-konferenz-2022/
V E N T U R E N E W S
Berlin’s zolar announces €100 million round as rising energy costs see surge in demand for solar solutions zolar reports a quadrupling of customer inquiries in the past five months alone and has raised €100 million in a Series C funding round in order to meet and exceed this demand. Since early 2016?zolar ?has been in the business of helping residential consumers outfit their homes with photovoltaic systems and thereby reducing their dependency on traditional sources of home electricity. However, one of the major stumbling blocks of the solar power industry has been the tremendous upfront cost involved when planning and installing a system. zolar’s solution addresses this issue head-on by offering consumers the option to rent a photovoltaic system for as little as €54/month.
Berlin-based?GetHenry , a?mobility ?solution for last-mile delivery companies and couriers, announced today that it has raised €16.5M in its Seed round of funding. The capital was a mix of €10M equity and €6.5M debt.
Tubulis , a Munich, Germany-based generator of matched protein-drug conjugates, raised 60M in Series B funding. The round was led by Andera Partners with participation from Evotec, Fund+, Bayern Kapital, BioMedPartners, coparion, High-Tech Gründerfonds, Occident and Seventure Partners. In conjunction with the round,?Sofia Ioannidou, PhD, Partner at Andera Partners, Thomas Hanke, PhD,?EVP, Head of Academic Partnerships at Evotec as well as Jan Van den Bossche, Partner at Fund+ will join Tubulis’ Board of Directors consisting of Sebastian Pünzeler, PhD, Principal at coparion, Dominik Schumacher, PhD, CEO of Tubulis?and?Christian Gr?ndahl, MD, DVM, PhD, MBA, the Chairman of the Board. In addition, Valentin Pi?ch, PhD, Partner at BioMedPartners will take over the board seat from?Michael Wacker, PhD, General Partner at BioMedPartners.
Sidekick , a Berlin, Germany, NYC, Kopavogur, Iceland, and Gothenburg, Sweden-based digital therapeutics company, raised $55M in Series B funding. The round was led by Novator Ventures, with participation from Wellington Partners, Asabys Partners, and Frumtak Ventures, as well as a US-based strategic investor that will be revealed at a later stage. Novator Ventures general partner and founder Birgir Mar Ragnarsson joined Sidekick’s board of directors in conjunction with the closing of the Series B financing.?
Predium , a Munich, Germany-based provider of software solutions that determines ESG balances of buildings, raised €1.6M in funding. The round was led by btov Partners with participation from 2bX, Maximilian Viessmann, Kristofer Fichtner and Michael Wax. The company intends to use the funds to accelerate market development and further expansion of the team.
Swiss climate tech startup?Akselos ?has raised $16.5 million in funding to enable it to scale its team and solutions to optimise the energy industry’s existing infrastructure. The round saw the participation of?AT Capital Group ,?Future Energy Ventures ,?Japan Energy Fund ?and?Shell Ventures . Founded in 2012 with operations in Europe, the U.S. and South East Asia, the company’s products are designed specifically to help protect critical energy infrastructure with real-time, condition-based monitoring for critical assets. The platform aims to provide technology to enable the energy transition for a net zero world. According to the company, its solution to model large scale assets simulates exact virtual replicas, or predictive and accurate digital twins, of energy assets such as offshore wind turbine?and their foundations.
Fosanis , a Berlin, Germany-based digital health company which develops Mika,?a prescription DTx for all oncological indications, closed a series A funding round of more than?€10m. The round was led by Debiopharm Innovation Fund, with participation from, Ananda Impact Ventures, and Ship2B Ventures and Equity Pitcher.
how.fm , a Cologne, Germany-based SaaS training platform enabling warehouse operators to onboard, upskill, and support their operators every day, raised $5.4m in seed funding. The round was led by Join Capital, with previous investors Kindred Capital and Capnamic Ventures also participating. Other investors in the round include ex-Amazon UK CEO, Christopher North; CEO of Berlin-based logistics service, Forto, Michael Wax; as well as angel investments from Allegro CEO Francois Nuyts and business angel Andrej Henkler. As part of the fundraise, Join Capital Partner, Jan Borgst?dt will also join the?how.fm?board. The company will use the funding to recruit across the business, grow its commercial teams in Cologne and London, and further, expand into the manufacturing, retail and food industries.
Startups wanted for Axians. Focus is on solutions enabled by 5G.
Offer:?PoC and access to Axians′ customer base.
领英推荐
Startups wanted for NOVA by Saint-Gobain. Focus is on enabling technologies for 5G/6G. Offer: PoC, strategic partnership, direct investment.?
I N V E S T O R N E W S
Generation Launches $1.7B Sustainability Growth Fund Although?large growth rounds seem to have dried up ?around much of the startup realm,?Generation Investment Management ?has announced a $1.7 billion growth equity fund—the firm’s fourth and largest. The new Sustainable Solutions Fund IV allows the firm “to invest $50 million to $150 million as active minority investors in high-growth companies that are shifting industries toward sustainability,” the firm said in a release. The new fund will focus on investing in companies that promote planetary and people's health, as well as financial inclusion.
Earlybird Venture Capital ?has closed its seventh early-stage fund out of the firm’s Digital West investment team at a cap of €350 million – making it one of Europe’s largest early-stage funds! Earlybird is further consolidating itself as one of Europe’s leading VC firms in Europe as it has also just witnessed the birth of two new unicorns in its portfolio. Founded in Berlin in 1997, Earlybird is investing in innovation and entrepreneurship that’s shaping society for good.
After Madrid-based?Seaya unveiled €300-million fund? to focus on sustainability startups, Switzerland's Una Terra said it is on its way to achieve the?closing of its €50 million fund in June? and Munich's?Cipio Partners wrapped up €202 million fund? last week, this week is off to a good start too. To back European tech scaleups, German-Dutch growth capital firm?Endeit Capital ?has wrapped up its third fund with €303 million. Dubbed as Endeit Fund III, the fund is aimed to support European internet companies whose products and services have the potential to accelerate the digital transformation of European society and economy to boost Europe’s digital maturity. Focussed on the ICT sector, Endeit Capital had?launched the fund last year with €250 million . The fund has made four major investments in Germany (Parcellab, Sharpist), Sweden (Stravito), and the Netherlands (Amberscript).
Madrid-based venture capital firm?Seaya Ventures ?has rolled out a new sustainability-focused fund with a target size of €300 million. The fund will invest in technology-driven companies focusing on green tech, circular economy, agritech and sustainable food value chain. Dubbed Seaya Andromeda, the fund has already garnered €130 million from traders together with Spanish power firm?Iberdrola , Spanish government-backed fund?ICO Subsequent Tech ?and?Nortia Capital .
Hetz Ventures , a Tel Aviv, Israel-based seed-stage venture capital firm,?closed its third fund, at $123M. The new fund, Hetz III, which brings the firm’s total assets under management to nearly $300M, focuses on seed and pre-seed investments in five distinct sectors within the Israeli tech ecosystem:?DevOps & Dev Tools, Open Source Software, Enterprise/Data Software, Fintech, and Cybersecurity.
Munich-headquartered growth stage technology firm?Cipio Partners ?has wrapped up its latest fund with €202 million. Cipio VIII will follow the same investment strategy as its €174 million predecessor fund, CPF VII, which held a final closing in 2017. According to?Roland Dennert , managing partner, Cipio, the company will typically make an initial investment of €5-15 million in each firm. Giving more details about the sectors that will be backed by the recently closed fund, Dennert added: “The fund will focus on B2B SaaS and software-enabled business models such as marketplaces. It will also invest in deep tech businesses such as semiconductors. The current deal activities are particularly strong in big data, cyber security, AI and industrial software applications.” The new fund has already completed two investments in European growth companies:?Nuki , the Austrian smart-home developer, and?Navvis , the Munich-based global leader in end-to-end solutions for reality capture and ‘digital twins’.
200 German entrepreneurs have pooled their cash into a new €160m fund to splash on pre-seed to Series A startups in Europe. Dubbed 10x Founders, the venture network?was founded by a group of seven German entrepreneurs and investors — Andreas Etten, Andrej Henkler, Claudius Jablonka, Felix Haas, Jan Becker, Jan Reichelt and Robert Wuttke. Together, they’ve invested in 300 startups over the last decade, including?DeliveryHero , TIER and?Volocopter. The launch of the fund is the latest example of European founders and investors buddying up to raise the next generation of founders. In Paris, there’s the?Galion Project , a pre-seed fund backed by 250 entrepreneurs. And in the Nordics, there’s ByFounders, a?“community-powered”? early-stage venture firm investing in startups in the Nordic and Baltic countries.?
Revolut’s Billionaire Founder Nik Storonsky To Launch AI-Led Venture Capital Fund The billionaire co-founder of one of Europe’s most valuable startups plans to launch his own venture fund,?powered by artificial intelligence,?to compete with “legacy” venture capital investors. Nik Storonsky will himself invest, with other investors, around $200 million into the?Quantum Light Capital fund . Storonsky will tap his experience raising $1.8 billion to build fintech Revolut, which was valued at?$33 billion ?in July 2021, and his earlier career working as a Lehman Brothers and Credit Suisse quant trader to use machine learning to identify promising Series B and C startups.?Russian-born? Storonsky, who now is a British citizen, claims that the relationship-driven and clubby world of venture capital was outdated and waiting to be disrupted.
YL Ventures , a Tel Aviv, Israel-and NYC- and San Francisco, CA-based early-stage, cybersecurity-focused venture capital firm, closed its fifth fund, at $400M. YLV V, which brings total capital under management to $800M, will continue the firm’s strategy of supporting Israeli founders from inception through every critical stage of building a category-leading company and bolstering its position in the global market.?
I N T E R E S T I N G R E A D S
Neither Germany nor France is Prepared for pan-European Crowdfunding Regulation The?Bundesverband Crowdfunding e.V. ?(the German Crowdfunding Association) and?Financement Participatif France ?(the French Crowdfunding Association) have issued a statement reaffirming their desire that the transition period for European Crowdfunding Service Provider Regulation?(ECSPR) be extended.?The announcement follows a statement by the?European Securities and Markets Authority?(ESMA) telling platforms to accelerate the process of being approved as European securities crowdfunding providers.
German VC and PE Barometer Q1 2022 ?published by KfW in cooperation with German PE and VC Association (BVK) and?Deutsche?B?rse Venture Network.
KfW-Gründungsmonitor 2022 Start-up activity in 2021 back to pre-crisis level: more opportunity start-ups, more younger people, more female founders. Start-up activity in Germany returned to pre-crisis levels in 2021 after the Corona bump in 2020. With 607,000 startups, 70,000 or 13% more people became self-employed than in 2020, with the number of opportunity startups increasing. Also, more younger people and more women have become self-employed. Due to the experience of the Corona pandemic, significantly more start-ups in 2021 were also digital and internet-based. Despite falling planning rates, startup activity in 2022 is expected to be at a similar level to 2021.
"Europe's tech scene is catching up strongly" Niklas Zennstr?m is the co-founder of Skype - the startup that revolutionized video telephony via the Internet around 20 years ago. In 2005, he sold the company to Ebay for around three billion dollars. Today, he is the head of Atomico, a venture capital firm with eleven holdings in Germany alone. Zennstr?m is considered one of the most important investors in the tech industry.
The apocalypse for startups begins Layoffs, down rounds, fear: For startups, the toughest time in a decade is just beginning. But not everything about it is bad. The first impacts are coming down on the startup scene like meteors. In the beginning, they were still small lumps when the first start-ups closed their offices or then quietly canceled their expansion. But since today at the latest, it has become clear that an apocalypse is just beginning, the likes of which startups have not seen in over a decade. One thing is already clear: it's going to be intense.??Gorillas is parting with hundreds of employees, which is tantamount to a clear cut, and on the same day it becomes clear: Europe's most valuable fintech, Klarna, must also cut hundreds of jobs. Ten percent of all employees may fill their boxes with belongings and have to leave. The start-up scene hasn't seen anything like this in years, it was always uphill, now comes the abrupt crash, the hangover after the party.?Start-ups must prepare for hard times... Gabor Steingart, publisher of The Pioneer, and Christian Miele, CEO of the German Startups Association, talk to Niklas Zennstr?m about the European tech scene, the climate crisis as a driving force for innovation, and his expectations of policymakers.
Study regarding digital economy ?ranks USA as the best.
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