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Deep Tech Germany - Startups and Venture Capital (Jörn "Joe" Menninger)

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25 Jul 2024Avi Loeb on Dark Matter, AI Avatars, and Startup Innovation | Startuprad.io Podcast00:24:17

In this episode of Startuprad.io, host Jörn "Joe" Menninger interviews Harvard astrophysicist Professor Avi Loeb at Curious 2024. They explore groundbreaking topics such as dark matter, dark energy, and the revolutionary role of AI in scientific research. Loeb emphasizes the importance of innovation, the pivotal role of startups, and the need for open-mindedness in research. Discover how AI avatars could replace tombstones, preserving personal legacies for future generations. This episode is a must-listen for anyone interested in the intersection of science, technology, and entrepreneurship.

Tune in now to learn about:

  • The mysteries of dark matter and dark energy

  • AI's transformative impact on science

  • The critical role of startups in innovation

  • Future scientific advancements and AI avatars

Interested in working with us? Startuprad.io is your premier source for news and insights into the vibrant world of German, Austrian, and Swiss tech innovation. As a decision-maker, dive into our content featuring industry leaders, game-changing entrepreneurs, and influential investors. Join us at Startuprad.io and let your message reach the innovators shaping the future: https://www.passionfroot.me/startupradio

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01 Feb 2024From Cleaning Company to Tech Startup: AR Transforming the Industry00:30:10

Executive Summary

In this episode of Startuprad.io, host Jörn "Joe" Menninger interviews Martin Cudzilo, founder of ARCheck, discussing the challenges in the cleaning industry and the development of augmented reality technology. Cudzilo shares his entrepreneurial journey, the potential for AR and AI to revolutionize cleaning, and the impact of ARCheck on efficiency and cleaner support. They delve into the challenges of managing sick leave, the early development of ARCheck, and the upcoming launch of the minimum viable product. The episode provides insights into the transformation of the cleaning industry and the powerful potential of augmented reality technology.

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Our Enabler HTAI and the Enterprise Europe Network Hessen

This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Learn more here: https://www.htai.de/ and https://www.een-hessen.de/

Find all blog posts with all the links on our blog

https://medium.com/startuprad-io/from-cleaning-company-to-tech-startup-ar-transforming-the-industry-startuprad-io-e-412-afcada77e0fa

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The Founder

In this episode of Startuprad.io, Jörn "Joe" Menninger welcomes Martin Cudzilo as the esteemed guest. Martin, with over 25 years of experience in the cleaning industry, has a deep understanding of the challenges faced in this sector. His entrepreneurial journey began with the establishment of his own cleaning company, where he recognized the need for innovative solutions to enhance the efficiency and effectiveness of cleaning operations.

The Startup

AR-Check, the innovative startup founded by Martin Cudzilo, has emerged as a game-changer in the cleaning industry. The company has completed two rounds of fundraising and is currently open to new investors for its third funding round. AR-Check's groundbreaking and disruptive project aims to revolutionize the market by integrating augmented reality (AR) technology with cleaning processes, providing real-time guidance and quality checks for cleaners.

Venture Capital Funding

AR-Check is currently in the process of raising its Series A funding. You can reach out to Martin via LinkedIn, or leave it to us to make an introduction.

18 Jul 2024Quantum Computing Breakthroughs: Meet Ish Dhand, CEO of QC Design | German Startup Awards 202400:43:48

Welcome to another episode of Startuprad.io, where we bring you the latest insights from the world of German, Austrian, and Swiss tech innovation. In this episode, host Jörn "Joe" Menninger interviews Ish Dhand, the CEO and Co-Founder of QC Design, who was recently honored as the Newcomer of the Year at the German Startup Awards 2024.

Ish Dhand shares his remarkable journey in quantum computing, detailing QC Design's pioneering work in quantum computer tomography. He discusses the company's mission to enable efficient and economically viable quantum computers, which have the potential to revolutionize industries like drug discovery and material science. Learn how QC Design applies lean startup principles to deep tech and tackles the challenges of transitioning academic research into commercial ventures.

Don't miss this engaging discussion on the future of quantum computing with one of the industry's most promising innovators. Tune in now to discover the groundbreaking potential of quantum technology and its impact on the real world.

Links:

- Original Blog Post: https://www.startuprad.io/blog

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German Startup Awards Coverage since 2021

In partnership with the German startup association (Bundesverband Deutscher Startups), we cover the German Startup Awards annually. Learn more about the winners and the awards at https://germanstartupawards.de/gsa-2024.

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15 Feb 2024Building a Lean Startup and Entering New Markets - Fleet.co | Startuprad.io E 41400:41:19

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Summary

Looking to build a lean startup and expand into new markets? Join us as we discuss the best strategies for attracting German and Austrian investors and establishing a successful startup in Berlin and Hamburg. Stay updated on the latest startup news and learn from other successful entrepreneurs in the field. Don't miss out on this valuable insight!

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Questions Discussed in the Interview

  • In what ways does keeping a lean balance sheet and avoiding inventory give Fleet a competitive advantage in the market?

  • Given that Fleet has managed to exceed 10 million euros in annual revenue, what strategies would Alexandre consider for maintaining and accelerating this growth?

  • What lessons did Alexandre take from his time at Rocket Internet that he has applied to his approach to international expansion with Fleet?

  • Alexandre emphasizes the importance of team building. What qualities does he look for in a leader for entering a new market, such as Germany?

  • Could Alexandre share some insight into the process and criteria he uses when evaluating startups and founders for potential angel investments?

  • What are Alexandre's long-term visions for Fleet, and how does he foresee the company evolving in the next few years, especially regarding its expansion into the German market?

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The Founder

In this enlightening episode of Startuprad.io, we have the pleasure of engaging with Alexandre, a seasoned entrepreneur with a diverse and impressive background. Alexandre's journey has taken him across the globe, from obtaining his master's in Paris to enriching his education at Technologico de Monterrey in Mexico, and even spending time in Australia. His international experience has not only fostered a passion for travel and a taste for spicy Mexican cuisine but has also given him a broad perspective on business and culture. Before founding Fleet.co, Alexandre honed his skills in the world of private equity and further sharpened his entrepreneurial instincts at Rocket Internet, one of the world's largest internet incubators. The episode delves into Alexandre's narrative, underpinning his approach to building and scaling businesses. His fondness for new experiences, highlighted by his Australian adventures and the willingness to try local delicacies like Marmite, demonstrates the same curiosity and openness that fuel his professional endeavors. Alexandre's path isn't just a tapestry of global adventures; it's also a testament to his strong investment in the local startup ecosystem. By actively participating as an angel investor, he continually supports and uplifts emerging businesses. With such a rich tapestry of experiences and a clear passion for entrepreneurship, Alexandre brings a wealth of knowledge and insights to the Startuprad.io audience.

All Links and Show Notes Here is our Blog Post:

https://medium.com/startuprad-io/building-a-lean-startup-and-entering-new-markets-fleet-co-startuprad-io-e-414-fc0144c93ce5

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23 May 2024AI Solutions for Enterprises: Inside Scavenger.ai00:21:06

Revolutionizing Data Analysis: The Journey of Scavenger.ai

In this exciting episode of Startuprad.io, host Jörn "Joe" Menninger sits down with Maximilian Hahnenkamp, the co-founder of Scavenger.ai. Max shares his remarkable journey from being a professional field hockey player in Austria to founding an innovative AI startup in Frankfurt. Scavenger.ai is making waves in the world of data analysis, offering cutting-edge AI tools that simplify complex data management for businesses.

Max discusses the company’s impressive €1.1 million pre-seed funding and their plans for a full software launch by June 2024. He also emphasizes the need to reduce bureaucratic hurdles for startups and talks about the ongoing efforts to expand their team and attract new investors.

Key Topics Discussed:

- Early Beginnings: How Max’s field hockey career shaped his entrepreneurial spirit and leadership skills.

- Internship Insights: The impact of Max’s internships at Deloitte and the Financial Times Challenge on his journey.

- AI Challenges and Opportunities: The unique challenges in the AI and big data landscape that led to the creation of Scavenger.ai.

- Technical Innovations: How Scavenger.ai’s trio of AI tools work together to provide unparalleled data insights.

- Scalability and Growth: The factors that have enabled Scavenger.ai to scale effectively.

- Funding and Investment: The role of early funding from HTGF and CampStorm Ventures and future investment plans.

- Customer Focus: How Scavenger.ai’s flexible AI solutions cater to a diverse range of industries and customers.

- International Expansion: Preparations for global expansion and the advantages of GDPR compliance.

- Team Growth: The skills and qualities Scavenger.ai looks for in new hires.

- Support for Startups: How local governments and innovation hubs can better support early-stage startups.

About Maximilian Hahnenkamp:

Maximilian Hahnenkamp is a 26-year-old entrepreneur from Vienna, Austria. His journey combines a background in professional sports and academia. He led Austria's youth national field hockey team and pursued studies in business law and management. Max’s innovative thinking and leadership skills culminated in the creation of Scavenger.ai, an AI startup focused on transforming data analysis for enterprises.

About Scavenger.ai:

Scavenger.ai, based in Frankfurt, aims to revolutionize data analytics through AI. With €1.1 million in pre-seed funding, the startup offers a unique solution for data analysis, featuring AI tools for data cleaning, statistical analysis, and interpretation. Their scalable infrastructure supports multiple languages and ensures GDPR compliance, catering to clients ranging from SMEs to large enterprises in various sectors.

Venture Capital Funding:

Scavenger.ai’s notable investors include HTGF and CampStorm Ventures. Interested in participating in the next funding round? Reach out to explore investment opportunities.

Tune in for an insightful conversation on innovation, entrepreneurship, and the future of AI-driven data analysis.

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25 Jan 2024This Month in German, Swiss, and Austrian (GSA) Startups - January 202400:27:04

Tune in to the latest episode of our podcast, where we discuss the top news and trends in German, Swiss, and Austrian (GSA) startups. From European unicorns to emerging tech companies, we cover it all in this monthly show. Don't miss out on the latest tech news and startup updates!

Our Highlights:

Joe already did a 2023 review focused on valuations and investments. All publications more or less agreed that 2023 was hopefully rock bottom for startups, their valuation, funding and founding of new ones and it should get better. Thumbs pressed for that (as is German custom). Our former guest Finn raises 100 M€, unicorn 1Komma5 Grad is looking for 100 M€, Unzer loss amounts to 400 M€ and Everphone raises 270 M€. Despite the dire situation, almost 2,500 new startups were founded in Germany. Also one should take notice of Karlsruhe, a city with a world-class technical university, that is home to INTERATEC which raised 118 M€ for efuels. Please, take a moment and match again all the bad news we have gathered here and weigh it against entrepreneurs sticking their heads out and even raising hundreds of millions from investors. Congratulations to those brave ones! Let's talk startups:

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Find all links and Show Notes Here:

https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-january-2024-startuprad-io-e-412-8aed840bed61

#startupradio #startupnews #startuppodcastgermany #technews #technologynews #techpodcast

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25 Apr 2024This Month in German, Swiss, and Austrian (GSA) Startups - April 202400:32:31

Lower your Costs of ISO 27.001 and SOC 2 Compliance by up to 85% [with our Partner Vanta]

Achieving ISO 27001 or SOC 2 compliance can unlock major growth for your company and build customer trust, but this process can be time-intensive and costly. Vanta automates compliance, getting you audit-ready quickly and saving you up to 85% of associated costs. And Vanta scales with your business, helping you enter new markets. Join 7,000 global companies like Atlassian, Flo Health, and Quora that trust Vanta. Claim 20% off Vanta at vanta.com/startupradio

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🌟 April 2024 Startup & Tech Wrap-Up 🌟 | Germany, Austria, Switzerland | Biotech Breakthroughs, Fintech Boom & Space Innovation 🚀

In just 30 minutes, get the latest on the hottest entrepreneurship news from the heart of Europe! From groundbreaking acquisitions to futuristic ventures, here's what you need to know:

🔬 Novo Nordisk's €1.025B Biotech Splash! Discover how Novo Nordisk's landmark acquisition of Cardior Pharmaceuticals is reshaping the biotech landscape.

🚁 Volocopter's €150M Boost! Despite challenges, Volocopter gets a significant funding injection for its flying taxi vision.

💡 Zolar Shines with €100M! Learn about Zolar's massive credit line and its innovative financing options.

💰 ELEMENT Scores €50M! Explore how ELEMENT is revolutionizing InsurTech with its latest funding round.

🏦 Berlin: Fintech Capital! Berlin solidifies its status as the Fintech Capital with 160 thriving startups.

🛰️ Mynaric's Space Laser Triumph! Witness Mynaric's milestone in global space development with the CONDOR Mk3.

Don't miss out on the latest tech and entrepreneurial breakthroughs! Watch now for all the details. #entrepreneurship #technews #startupscene #startupradio

Find all links and show notes here:

https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-march-april-bb97d8243696

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20 Jun 2024Transforming Scrap Metal into Gold: The Metaloop Journey | A Startuprad.io Exclusive with Jan Pannenbäcker00:48:39

Dive into the world of innovation with Startuprad.io as host Jörn "Joe" Menninger explores the transformative journey of Metaloop with its Co-CEO and Co-Founder, Jan Pannenbäcker. This episode takes you through the digital revolution of the scrap metal industry, highlighting Metaloop’s commitment to sustainability and the circular economy.

Listen as Jan Pannenbäcker recounts his path from a small town in northern Germany to leading a groundbreaking startup. He delves into his ventures before Metaloop, from initiating a composting plant to launching a thriving sustainable clothing line, and now spearheading industry modernization with Metaloop.

In This Episode, Discover:

  • How Metaloop is reshaping the scrap metal market through digital transparency.

  • The role of EU regulations in shaping their business practices.

  • The strategic partnerships that propel Metaloop’s industry integration.

  • What the future holds for Metaloop and their global expansion strategies.

  • Insights into securing funding and the dynamics of innovative startup financing.

Episode Highlights:

  • 00:00 | Introduction to Jan and Metaloop’s Vision

  • 02:30 | Jan’s Entrepreneurial Beginnings and Social Impact

  • 05:45 | From Sustainable Fashion to Scrap Metal Innovation

  • 10:00 | Overcoming Industry Challenges and Embracing Digital Solutions

  • 15:00 | Strategic Alliances and Their Impact on Metaloop’s Growth

  • 20:00 | Unpacking Metaloop’s Business Model and Revenue Insights

  • 25:00 | Live Q&A: Jan Answers Your Burning Questions

  • 30:00 | Wrap-Up: The Future of Recycling and Metaloop’s Role

Connect with Us:

Stay Updated:

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  • Follow us on Spotify and engage with our content.

  • Join our community for regular updates via Telegram: Startuprad.io Channel

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#Metaloop #CircularEconomy #Sustainability #Startuprad_io #Innovation #Recycling #TechStartups

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19 Sep 2024Building Secure AI Solutions: Omnifact's Path in Regulated Industries00:35:43

Join Startuprad.io, the Authority on German, Swiss, and Austrian Startups, as host Jörn "Joe" Menninger dives into a thought-provoking discussion with Patrick Helmig, Co-Founder and CEO of Omnifact. This episode unpacks the future of AI startups, the critical role of GDPR-compliant, self-hosted models, and how Omnifact is tackling data privacy challenges to revolutionize regulated industries like banking and real estate management.

Discover how this German startup is enabling AI adoption with solutions tailored to highly regulated industries, leveraging innovative technologies to streamline operations and ensure compliance. With over 75% of listeners having a university degree and 87% between 23 and 44 years old, this episode will resonate with those seeking insights into cutting-edge technologies shaping the entrepreneurial landscape.


Key Highlights

  • Omnifact’s Journey: How Patrick Helmig pivoted from network security to AI, including lessons from past ventures like Secdash and Rocketloop.

  • GDPR-Compliant AI: Why self-hosted models are a game-changer for privacy-conscious organizations in Europe.

  • AI in Regulated Industries: Use cases like automating customer complaints, streamlining loan management, and real estate operations.

  • Future of AI Models: Predictions on the hybrid use of self-hosted and public AI systems for scalable, cost-effective solutions.

  • Investment Plans: Patrick shares Omnifact’s roadmap for upcoming funding rounds and their hiring strategy to scale operations.

Notable Insights

  • Data Privacy Challenges: Omnifact’s approach to providing organizations with tailored AI solutions that respect their unique privacy requirements.

  • Live Data Integration: Learn how AI assistants pull accurate, real-time information to automate complex tasks efficiently.

  • Automation Revolution: From marketing to banking, discover how AI simplifies processes, saving time and resources.


Links & Resources


Enjoyed this episode? Share it with your network, leave a review, and comment to let us know your thoughts!

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18 Apr 2024The Future of Work with HR Tech Startup Zenjob and it's Automated Approach to Temporary Staffing00:34:46

Lower your Costs of ISO 27.001 and SOC 2 Compliance by up to 85% [with our Partner Vanta]

Achieving ISO 27001 or SOC 2 compliance can unlock major growth for your company and build customer trust, but this process can be time-intensive and costly.

Vanta automates compliance, getting you audit-ready quickly and saving you up to 85% of associated costs. And Vanta scales with your business, helping you enter new markets.

Join 7,000 global companies like Atlassian, Flo Health, and Quora that trust Vanta. Claim 20% off Vanta at vanta.com/startupradio

Introduction

Explore the Future of Work with Zenjob's Innovative Temp Staffing Approach on Startuprad.io E 424

Join host Jörn "Joe" Menninger as he engages in a dynamic conversation with Frederik Fahning, the co-founder of Zenjob, on the latest episode of Startuprad.io. Delve into the world of temporary employment and witness Zenjob's transformative impact on the gig economy.

In this episode, Frederik unveils Zenjob's groundbreaking automated job matchmaking system, powered by AI technology. Discover how Zenjob connects students and flexible workers with businesses seamlessly, driving efficiency and productivity to unprecedented levels. Gain valuable insights into Zenjob's strategic decisions, including their shift towards profitability and technological advancement, as they strive to lead Europe's flexible work sector.

But Zenjob's story goes beyond business—it's a testament to resilience and adaptability. Learn how Zenjob navigated the challenges of the COVID-19 pandemic and capitalized on opportunities in sectors like retail and logistics. Frederik also shares the delightful backstory of Zenjob's name, showcasing the company's entrepreneurial spirit.

With over $100 million in fundraising and a commitment to core values like hunger, helpfulness, humility, and honesty, Zenjob is at the forefront of revolutionizing the future of work. Join us as we explore the potential of AI integration, international expansion, and potential IPO aspirations, all while maintaining a keen focus on profitability and technological innovation.

Don't miss out on this enlightening conversation that delves into the evolution of work and celebrates one of Germany's most promising staffing innovators. Tune in to Startuprad.io now and be part of the future of work revolution with Zenjob!"

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11 Apr 2024Twinsity's AI-Driven Approach to Safeguarding Important Infrastructure00:32:20

Lower your Costs of ISO 27.001 and SOC 2 Compliance by up to 85% [with our Parnter Vanta]

Achieving ISO 27001 or SOC 2 compliance can unlock major growth for your company and build customer trust, but this process can be time-intensive and costly. Vanta automates compliance, getting you audit-ready quickly and saving you up to 85% of associated costs. And Vanta scales with your business, helping you enter new markets. Join 7,000 global companies like Atlassian, Flo Health, and Quora that trust Vanta. Claim 20% off Vanta at https://www.vanta.com/startupradio

🚀 Discover the Future of Infrastructure Inspection with Twinsity's AI-Driven Technology! 🛠️

Welcome to Startuprad.io! In this episode, we're diving deep into the world of cutting-edge innovation with Twinsity, a startup revolutionizing infrastructure inspection using AI and drones. 🌐 Join us as we chat with Fabien Chalas, co-founder of Twinsity, who unveils their groundbreaking drone technology for inspecting aging infrastructure. 🏗️ Their software creates high-resolution 3D models and utilizes AI to detect defects like cracks and rust, ensuring safety and efficiency.

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🌟 What You'll Learn:

  • How Twinsity's technology is reshaping infrastructure inspection.

  • Their journey from a family business to a global startup.

  • Plans for expansion into North American and Latin American markets.

Sponsored by Hessen Trade Invest and the European Enterprise Network, this episode explores the transformative impact of Twinsity's work on infrastructure maintenance. Whether you're an investor, tech enthusiast, or curious about the future, this episode is a must-listen!

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🔍 Key Questions Discussed:

  • How does Twinsity's remote-first approach impact recruitment and company culture?

  • What are the technical challenges behind drone-based inspections?

  • How does AI enhance defect detection compared to traditional methods?

🌐 About the Founder:

Fabien Chalas, co-founder of Twinsity, brings a wealth of experience from his background in software engineering and renewable energy infrastructure. His vision drives Twinsity's mission to revolutionize infrastructure inspection.

🚀 About Twinsity:

Twinsity, founded by Fabien Chalas, leads the way in infrastructure inspection with its advanced drone technology and AI-driven defect detection. Their innovative approach ensures safety and reliability for critical assets worldwide.

Don't miss out on the future of infrastructure management! Tune in now to learn how Twinsity is transforming the industry.

💡 Find all blog posts with all the links on our blog

https://medium.com/startuprad-io/twinsitys-ai-driven-approach-to-safeguarding-structural-integrity-startuprad-io-e-423-4d0af81e5ca7

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09 May 2024Everstox: Revolutionizing Logistics with AI and Modular Software00:41:14

Join us in this episode of Startuprad.io as we explore the dynamic world of logistics with Boris Bösch, Co-Founder and Co-CEO of Everstox. Discover how Everstox is reshaping the industry landscape through innovative technology and strategic partnerships. Boris shares insights into Everstox's journey, from its inception to its ambitious plans for expansion and Series B funding in 2025.

Delve into the intricacies of logistics management as Boris discusses Everstox's AI-driven software platform, designed to optimize batch tracking, inventory management, and returns processes. Learn how Everstox ensures high customer satisfaction across diverse international markets while navigating complex logistical challenges.

Explore the strategic importance of modular software solutions and strong partnerships with industry giants like DHL and UPS. Boris highlights Everstox's asset-light approach and its role in delivering efficient, customer-centric supply chain solutions akin to contemporary successes such as Flix and Uber.

Uncover the future of logistics and inventory management as Boris shares his insights into the role of AI and data integration. Gain valuable perspectives on international expansion strategies and the cultural approach of Everstox within diverse markets.

Whether you're a logistics enthusiast, an entrepreneur, or a curious listener, this episode offers invaluable insights into the evolving landscape of logistics and the innovative solutions driving its transformation.

Visit Everstox online to explore job opportunities and learn more about their groundbreaking solutions. Don't miss out on this enlightening discussion with a visionary leader at the helm of logistic innovation.

Find All Links and Show Notes Here:

https://medium.com/startuprad-io/everstox-revolutionizing-logistics-with-ai-and-modular-software-db3e1a533284

The Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:

LinkedIn

Twitter

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01 Aug 2024Digital Solutions for Rapid Cancer Diagnosis: Insights from Vivascope00:35:49

Episode Description: Join host Joe Menninger on Startuprad.io as he interviews Giuseppe Solomita, Director of Vivascope. Discover how Vivascope's cutting-edge digital imaging technology reduces cancer diagnosis time from weeks to minutes, addressing critical inefficiencies in traditional histology methods. Learn about their AI-integrated systems and their impact on rapid cancer diagnosis amidst rising cancer cases and a shortage of pathologists. This episode also highlights a successful case in India and calls for collaboration with talented professionals and investors to further advance individualized medicine solutions.

Key Points: Accelerated cancer diagnostics, AI in healthcare

Quotes: "The Crisis in Cancer Diagnosis: 'If I'm not lucky, I will die before I get my diagnosis.'" — Giuseppe Solomita, Director Vivascope

Length: 35 minutes

Release Date: August 1st, 2024

Call to Action: Subscribe and tune in now to explore groundbreaking advancements in cancer diagnostics!

Keywords:

  • Rapid Cancer Diagnosis

  • Digital Imaging Technology

  • AI in Healthcare

  • Vivascope Innovations

  • Personalized Medicine Solutions

Tags: Biotech, Healthcare, Diagnostics, Cancer Diagnostics, Startuprad.io, Entrepreneurship, Technology, Giuseppe Solomita, Jörn Menninger

Links: Startuprad.io Blog

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14 Nov 2024Innovating Epilepsy Treatment: How PRECISIS is Transforming Healthcare Startups with the EASEE System00:32:31

Join Startuprad.io, the authority on the DACH region’s vibrant startup ecosystem, for an exclusive interview with Karl Stoklosa, CEO of PRECISIS, a healthcare startup revolutionizing epilepsy treatment through cutting-edge technology. In this episode, we explore how PRECISIS is leveraging its groundbreaking EASI System—the world’s first minimally invasive brain pacemaker—to improve the lives of epilepsy patients worldwide.

What You’ll Learn in This Episode:

  1. Karl Stoklosa’s Leadership Journey: From an Executive MBA at the University of Chicago Booth School to leading a disruptive healthcare startup, Karl shares insights into his 20+ years of experience in the medical device industry, spanning roles in neuromodulation, cardiac rhythm management, and global healthcare marketing.

  2. The Global Epilepsy Challenge: With 50 million epilepsy patients worldwide and 30% classified as drug-resistant, the need for innovative solutions is critical. Discover how PRECISIS is addressing this gap with the EASI System, providing safer, more effective alternatives to invasive surgeries and medications.

  3. The EASI System’s Impact: Learn about this state-of-the-art neuromodulation device, its minimally invasive design, and its ability to reduce seizures by 50% or more for most patients. With features like manual stimulation for oncoming seizures and MRI compatibility, the EASI System sets a new standard in epilepsy care.

  4. PRECISIS’ European Success: PRECISIS has achieved market approval in key European countries, including Germany, Austria, Switzerland, the UK, and Portugal, and is scaling its commercial operations.

  5. Expansion into the U.S. Market: With FDA breakthrough designation, PRECISIS is preparing for clinical trials in the U.S., showcasing its ambition to become a global leader in medical device innovation.

Call to Action:

Love what you hear? Share this episode, leave us a review, and subscribe to Startuprad.io to stay updated on the latest from the startup ecosystem in Germany, Austria, Switzerland, and beyond!

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07 Mar 2024Rise of Deep Tech and Health Tech Startups in Europe00:52:07

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Executive Summary

In this episode of Startuprad.io, host Jörn "Joe" Menninger and guest Thomas Kösters of DEEP Ecosystems explore the rise of spinoff companies, mainly from academic institutions. They discuss the significant impact of public investment in high-tech and hardware sectors, the challenges of tech transfer, and the role of entities like the EIC accelerator in supporting European spinoffs. The episode also covers the funding landscape, the "valley of death" for deep tech startups, and examples of successful spinoffs like BioNTech, underscoring the importance of building effective university knowledge transfer offices to commercialize research.

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Introduction

Welcome back to another compelling episode of Startuprad.io, the podcast dedicated to unraveling the dynamic world of startups and their ecosystems. I'm your host, Jörn "Joe" Menninger, and today we're diving deep into the universe of academic spin-offs and their increasingly pivotal role in pushing the boundaries of innovation and technology. In this episode titled "Deep Ecosystem Spinoffs," we're thrilled to have an expert in the field, Thomas Kösters, MD at DEEP Ecosystems, to shed light on the fascinating surge of spinoff funding and the evolution of public investments towards high-tech and hardware opportunities. We'll explore why entities like NVIDIA in the U.S. and ASML in the Netherlands are spearheading growth and how centers such as the EIC accelerator are revolutionizing entrepreneurship in Europe. With startup ecosystems like "Startup Radio Factories" rising in Germany and other European nations, Thomas unpacks the mechanisms of financial support, intellectual property management, and the crucial role of tech transfer offices. We'll discuss the implications of universities owning the IP and how European cities strive for equitable funding opportunities. Join us as we delve into the stark realities of the "valley of death" for deep tech startups, the magnitude of academic spin-offs in HealthTech, and the strategies setting precedents for commercial success. We'll also touch on recent challenges that Switzerland and the UK face in Horizon funding and the strategic efforts in cities like Paris and Munich to lead in research funding. This episode covers the breadth of European innovation, from the spotlight on Cambridge as an exemplary model to the discussion of tech transfer offices like Cambridge Enterprise. And finally, a closer look at the journey from research to market, the culture clash with venture capital, and alternative pathways to traditional spin-off approaches.

Links and show notes here:

https://medium.com/startuprad-io/rise-of-deep-tech-and-health-tech-startups-in-europe-66d3ab4f0e61

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06 Jun 2024The Path to US VC Funding: Tips from JC2 Ventures Partner Yvette Kanouff00:41:25

### Podcast Description: The Path to US VC Funding: Tips from JC2 Ventures Partner Yvette Kanouff

In this episode of Startuprad.io, host Jörn "Joe" Menninger sits down with Yvette Kanouff, Partner at JC2 Ventures, to discuss the secrets to optimizing your VC pitch. Drawing from her extensive background in mathematics and technology, Yvette shares invaluable tips on crafting concise and compelling presentations, simplifying complex concepts, and understanding the perspectives of venture capitalists.

Join us as we delve into the importance of networking, building long-term relationships, and the power of personal meetings in the fundraising journey. Yvette also highlights key investment areas such as AI, security, fintech, and clean energy, emphasizing the role of disruptive technologies and stringent financial criteria in successful pitches. Additionally, Yvette shares her experiences with investments in anti-drone technology and the potential for European startups in deep tech and green tech.

Whether you're navigating cross-country investments, leveraging AI advancements, or preparing for your next pitch, this episode is packed with actionable insights to help you succeed. Tune in for a conversation that’s sure to inspire and inform your entrepreneurial journey. Don't miss out on this engaging and informative episode!

Key Topics:

- Yvette's career in mathematics and technology

- Tips for concise and effective pitching

- Understanding VC perspectives and financial criteria

- The role of disruptive technologies in investment

- Networking strategies and building long-term VC relationships

- Insights into AI investments and the startup ecosystem

- The future of deep tech and green tech in Europe

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Guest:

Yvette Kanouff, Partner at JC2 Ventures, brings her robust expertise in technology and investment. Learn more about her groundbreaking work and investment strategies: https://www.jc2ventures.com/jc2-ventures-team-1-1

Tune in now for expert advice on securing VC funding and taking your startup to the next level!

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31 Oct 2024Top GSA Startup News October 2024: Unicorns, Fintech, and Sustainable Tech Trends00:21:39

Welcome to the October 2024 edition of "This Month in German, Swiss, and Austrian Startups," where we bring you essential insights into the GSA startup ecosystem. Join hosts Jörn “Joe” Menninger and Chris Fahrenbach as they unpack the month’s top stories, from groundbreaking funding rounds to unicorn achievements and major pivots in tech and innovation.

Episode Highlights:

1. Lilium’s Financial Struggles and eVTOL Innovation Setbacks
This month, the NASDAQ-listed eVTOL pioneer Lilium, based in Germany, navigates financial challenges, pursuing self-administered bankruptcy due to funding constraints. Although recent setbacks impacted its market valuation, Lilium’s story represents the high-stakes reality of aerospace tech, where R&D costs often create financial risk. Discover the unique challenges that innovators in sustainable aviation face and Lilium’s hopes for a future in clean transportation.

2. Egym and Orderfox Join the Unicorn Club
In major achievements for the healthtech and AI sectors, German fitness tech company Egym and Swiss AI-driven industrial procurement firm Orderfox each attained unicorn status this October. Egym’s valuation now exceeds $1 billion, fueled by tech advances that position it toward IPO readiness. Orderfox, leveraging AI to optimize industrial processes, underscores the GSA region’s strength in practical, data-driven solutions. Learn how these companies reached new heights and the impact of their technologies on health and industrial sectors.

3. Austria’s Gropyus Secures €100 Million for Sustainable Housing
Austrian startup Gropyus made waves with a €100 million investment to expand its modular, timber-hybrid housing production. With a mission to address Europe’s housing crisis through sustainable materials and design, Gropyus embodies the shift toward green construction tech. This investment supports their scalable model of eco-friendly housing solutions, meeting the demands of an evolving market.

4. EU’s Deep Tech Initiative with Trusted Investors Network
In a strategic move to elevate Europe’s role in global tech, the European Union launched a deep tech support network, collaborating with over 70 venture capital firms in the Trusted Investors Network. Aiming to close the technology gap with global leaders like the U.S. and China, the EU’s partnership initiative highlights Europe’s vision for advancing fields like AI, biotech, and sustainable energy.

5. SolarisBank’s €178M Loss and Restructuring Efforts
German fintech SolarisBank reported a €178 million loss, announcing job cuts and a restructuring to regain profitability. The company’s experience is indicative of the broader European fintech scene, where scaling comes with financial pressures. Discover how Solaris is adapting its strategy in the competitive fintech landscape, aiming to enhance operational efficiency.

📍 Useful Links:

07 Nov 2024AI Act Compliance Explained: How Europe’s New AI Regulation Impacts Businesses, Startups, and Innovation00:35:14

In this episode of Startuprad.io, we delve into the AI Act, the European Union’s pioneering legislation aimed at setting clear and ethical standards for artificial intelligence across all sectors. With compliance deadlines approaching in 2026, the AI Act introduces a structured framework to assess and mitigate the risks posed by AI systems, impacting both established companies and emerging startups.

Join our host, Joe Menninger, as he welcomes Andrew Gamino-Cheong, CTO of Trustable, a leading AI governance software company.

What You’ll Learn in This Episode:

  1. Understanding the AI Act’s Risk-Based Framework
    The AI Act categorizes AI systems by risk levels—Unacceptable, High, Limited, and Minimal or No Risk. Joe and Andrew break down what these classifications mean for businesses and discuss why certain applications, like real-time biometric surveillance, are banned while others are simply regulated.

  2. Transparency and Accountability Requirements
    Discover why transparency is crucial under the AI Act. From documenting data sources to maintaining thorough audit trails, companies need to be upfront about how AI models are built and used. This episode discusses the new standards of accountability and how businesses can adapt to this framework without stifling innovation.

  3. Challenges of AI Compliance and Shared Responsibilities
    The AI Act’s structure requires both AI developers and deployers to uphold compliance standards. Andrew explains what companies must do to ensure they meet these obligations, including the need for frequent testing and updates to AI models to mitigate risks.

  4. What the AI Act Means for Entrepreneurs and Startups
    Smaller organizations may face significant hurdles in meeting the Act’s requirements, but Andrew shares insights on how startups can turn compliance into a competitive advantage. This episode is packed with tips on implementing AI responsibly, with compliance not only as a requirement but also as a selling point to potential customers and investors.

  5. The Global Implications of AI Regulation
    As the EU takes the lead, other regions are watching closely. The AI Act may serve as a blueprint for future AI laws worldwide, potentially setting a global standard. Joe and Andrew discuss the similarities and differences between the EU’s AI Act and U.S. initiatives, like recent executive orders, and what this means for companies with international operations.


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30 Nov 2023This Month in German, Swiss, and Austrian (GSA) Startups - November 202300:20:15

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Welcome

Welcome to our November 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

Our Highlights

AI startup Aleph Alpha raises half a billion dollars, CMBlu raises 100 mn € for energy storage, WeFox gets 55 M US$ from Deutsche and Unicredit, and Vanguard pulls the plug on their German robo advisor. It seems that Sono Motors has found an investor to keep going at least until the end of 2024 and the German subsidiary of WeWork also has to file for insolvency.

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Our Enablers

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Top News

Aleph Alpha raises 500 mn US$

Heidelberg-based Aleph Alpha raises a total investment of more than half a billion US Dollars from a consortium of industry leaders and new investors for their AI for Enterprises and Governments.

CMBlu Energy raises 100 mn €

German Energy scale-up CMBlu offers „warehouses for energy", with batteries storing up to gigawatt hours. They now raised 100 million Euros, with Strabag being the sole investor, one of Europe's largest construction companies, based in Vienna.

WeFox Raises 55m US$

Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds. WeFox is an online insurance broker and it did not raise equity, so their valuation stayed the same.

Sono Motors May Have Found An Investor

Sono Motors was once hailed as a new hope for the German startup scene, listing early in the US in November 2021. The company wanted to increase the reach of electro-cars by adding solar cells but ran into many problems while developing electro-cars. In the end, they had to file for insolvency but are now restarting with tech that allows the retrofitting of solar panels for fossil fuel busses. Sono Motors filed a 6-K form with the SEC saying that the company secured its survival for 2024, apparently most of the 250 employees can find further employment. Read more in our blog post: Sono Motors Finds Investor https://buff.ly/3Rjuo9t

Vanguard Pulls The Plug on Their Robo Advisor in Germany

Vanguard's German robo advisor costs millions and scores only 4 mn assets under management (AuM) at the end of 2022. A disaster according to FinanceFWD. To put this in perspective: Scalable Capital had 11 months after launch more than 100 mn AuM

WeWork Germany Files For Insolvency

WeWork's German subsidiary filed for insolvency - the company had issues everywhere.

Find the full news with all links and show notes here:

https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-november-2023-startuprad-io-e-405-99d9efb6f3ff

Mentioned in this...

23 Nov 2023My Huawei Connect Experience: Navigating the Intersection of Green and Digital Transformation00:12:10

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Summary

Welcome to Startuprad.io, your go-to podcast and YouTube blog for all things related to the German startup scene. In today's episode, we have a special treat for you as our host, Jörn "Joe" Menninger, takes the mic solo to share his insights from a recent visit to Huawei Connect in Paris. Unfortunately, the planned interview with an AI startup from this event had to be rescheduled, but Joe is excited to give you a behind-the-scenes look at the event and highlight some of Huawei's initiatives in green and digital transformation. Tune in as Joe shares interesting stories about salmon conservation, wildfire protection, and innovative energy generation. He also talks about the importance of digital transformation in achieving sustainable solutions. Plus, stay tuned for a sneak peek of the upcoming interview with an Italian AI startup. Don't forget to reach out to Joe with your suggestions for future guests and topics. So sit back, relax, and let's dive into this solo episode of Startuprad.io.

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Questions Discussed

1. What were some of the main focal points discussed at the Huawei Connect event?

2. How does Huawei support SMEs in Germany with their digital transformation?

3. What are some interesting projects or stories that were shared at the event?

4. How does Huawei combine renewable energy sources to ensure a smooth energy delivery?

5. Why is the digital transformation important for achieving a green transformation?

6. What tools and solutions does Huawei offer for small companies and home offices?

7. How did Huawei use AI to generate an automatic avatar and translate languages?

8. What is Huawei's focus in Europe and why is it an important market for them?

9. What is the Huawei eKit tool and how can companies benefit from it?

10. How can listeners suggest interview guests or topics for future episodes of the podcast?

Feedback

We are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! https://forms.gle/mLV6mVKwGwKuut8BA

All Links and Show Notes

https://medium.com/startuprad-io/my-huawei-connect-experience-navigating-the-intersection-of-green-and-digital-transformation-8a2e59102670

#startups, #germany #austria #switzerland #podcast #youtubeblogger #radiostation #radiostations #ai #aitools #aitoolbox #italy #parix #huawei #huaweiconnect #interview #green #greentransformation #transformation #green #digital #accelerator #sme #kmu #salmon #woods #wildfire #hardware #software...

09 Nov 2023From Fintech CTO to Co-Hosting Startuprad.io's Deep Tech Track | Startuprad.io E 40200:32:25
“I built the tech behind it to make it work, and, we got quite some revenue through through that, and, yeah, it was one of my first businesses that I really incorporated where it really went to the notary, Form the legal entity and all these things.” — Mario Hachemer

Executive Summary

In this episode of Startuprad.io, we are joined by the newest co-host, Mario Hachemer, who brings a wealth of experience in technology and entrepreneurship to the table. Mario’s journey has been nothing short of fascinating, from the rise and fall of his subscription box business to his role as CTO of FastBill and later for unicorn FreshBooks in Germany, eventually leading to his exploration of the world of AI as a freelance consultant and mentor. Mario’s insights into deep tech and AI’s impact on businesses and society are both thought-provoking and enlightening. Moreover, the hosts share a passion for science fiction and discuss the works of literary giants such as Ian Banks and Terry Pratchett. They also delve into Mario’s love for spicy food and his experiences in various countries. Join us as we delve deep into the world of tech, AI, entrepreneurship, and a touch of spicy cuisine with our new co-host, Mario Hachemer.

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The Entrepreneurial Spirit: “I had trouble finding like-minded people. I studied my 1st university was in Koblenz, and it just there wasn’t that much of an entrepreneurial spirit.” — Mario Hachemer

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The New Co-Host

Mario Hachemer, (https://www.linkedin.com/in/mahachemer/) the co-host of Startuprad.io's Deep Tech Track, was involved in the successful startup Fast Bill. During his time with Fast Bill, the company raised significant venture capital, allowing them to develop innovative technology stacks and rapidly expand their operations. The company's success eventually led to its acquisition by FreshBooks, a major player in the accounting and invoicing software industry. Fast Bill's ability to attract venture capital and subsequent successful integration into FreshBooks showcase their achievements and position them as a standout player in the technology and startup landscape. Fast Bill set itself apart from its competition through its ability to not only raise venture capital but also develop and implement groundbreaking technology stacks.

Learn more about Mario or reach out to him:

https://twitter.com/MarioHachemer https://www.meetup.com/de-DE/grunderstammtisch-founders-table-frankfurtrheinmain/ https://www.linkedin.com/in/mahachemer/ mario@startuprad.io

All Links and Show Notes Here is our blog post: https://medium.com/startuprad-io/from-unicorn-cto-to-co-hosting-startuprad-ios-deep-tech-track-startuprad-io-e-402-073c63686fc4

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26 Oct 2023This Month in German, Swiss, and Austrian Startups - October 2023 | Startuprad.io E 40000:19:59

Like what you hear? You can tip us here: https://www.buymeacoffee.com/Startuprad.io

Welcome to our October 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

This time we wrap up October 2023 in our 400th episode!


Our startup news are recorded with Chris today in Germany and Joe in Frankfurt. The recording date is October 25th and all news not included will be in our next news to be released on November 30th.


This time we made more cuts to our news here. We hope you like the lighter version of it. If you think we cut too much, feel free to let us know.


For everyone who celebrates it: Happy Halloween AAAAAAAAAAAAAAND Happy Thanksgiving!


Our Highlights:

BioNTech is a very special case in Germany, but now one of their former Senior Vice Presidents (Katalin Karikó, has been awarded the Nobel Prize in Medicine 2023 for her research in mRNA). Two German companies IPOed (yes, no startups, but still a good sign). Solar startup Nexwafe starts 120 M € funding, Black Semiconductor from Aachen is looking to raise 500 M €, and there is bad news about the former unicorn Infarm.

Let's talk startups:


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Our Enablers

This recording is supported by HTAI and the Enterprise Europe Network Hessen

This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio

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Top News

Former Employee of BioNTech Receives as 13th Women Nobel Prize in Medicine

BioNTech is a very special case in the German startup world. During corona, they have been assumed to be responsible for 0.5% of GDP growth of all of Germany, one of the five largest economies in the world. Now they have another very unique distinction: A former Senior Vice President (2013–2022) of the company Katalin Karikó, has been awarded the Nobel Prize in Medicine 2023 for her research in mRNA. Congratulations to her, being the 13th woman to have won a Nobel prize in medicine, she is sharing the prize with Drew Weissman.


Solar Startup Hunting for 100+ M € in Funding at 500 M Valuation

Freiburg, Germany-based solar startup Nexwafe starts new funding, aiming for 120 m € in Venture Capital at a valuation of up to 500 M €


Black Semiconductor 500 M € in Funding

Aachen, Germany-based chip startup Black Semiconductor about to close large funding of 500 M €, with up to 70% of government funding. The founders are looking to develop a new way to connect elements on semiconductors but may need up to 7 years for the...

19 Oct 2023From the CTO of N26 to founding a non-profit online University | Startuprad.io00:42:42

Executive Summary

In today's episode, we have a very special guest joining us, Christian Rebernik, CEO & Co-Founder of Tomorrow University. We'll dive into Christian's journey, from his early days as a CTO of companies like Scout24 Group, dating Website Parship, World Food Program, bwin, or N26 to his current role in shaping the next generation of banking and now building a next-generation university. We'll explore how he's bridging the gap between technology and education, revolutionizing the way we learn and empowering future change-makers. Stay tuned for an engaging and enlightening conversation on the innovation landscape, the role of online learning, and the power of meaningful connections in business and personal relationships. Let's get started!

Like what you hear? You can tip us here: https://www.buymeacoffee.com/Startuprad.io

Our Sponsors

This recording is supported by HTAI and the Enterprise Europe Network Hessen

This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio

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The Founder

Christian is the CEO and Co-Founder of Tomorrow University. He is a CTO with a strong technical background, but his key strength lies in his ability to understand and leverage technology for business growth. Christian believes that it is crucial for developers to have a clear understanding of the customer's needs and the reasons behind the work they do. In his past experiences, he noticed the negative impact of treating developers as mere "coding monkeys" without involving them in customer interactions. This motivated him to establish Tomorrow University, where developers are encouraged to engage with customers and align their work with business objectives. Christian's mission is to bridge the gap between business and technology, empowering developers to make a meaningful impact through their work.

The Startup

What sets Tomorrow University (https://www.tomorrow.university/) apart from its competition is its unique approach to learning. They have developed a cutting-edge learning model that emphasizes real-world challenges and hands-on experiences, taking students out of their comfort zones.

All Links and Show Notes Here is our blog post: https://medium.com/startuprad-io/from-cto-of-n26-to-founding-a-non-profit-online-university-startuprad-io-0e68274207aa



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12 Oct 2023From Berlin to Zurich: NGP Capital's Research on VC Funding in the DACH Region00:26:22

Like what you hear? You can tip us here: https://www.buymeacoffee.com/Startuprad.io

Executive Summary

Welcome to Startuprad.io, the podcast that brings you the latest insights and stories from the world of startups. In today's episode, we have a special guest, Christian Noske, a Partner at NGP Capital in Berlin. Christian joins our host, Jörn "Joe" Menninger, to discuss their recent research on the startup ecosystem in the DACH region, which encompasses Germany, Austria, and Switzerland. They delve into the findings of NGP Capital's analysis, which explores the impact of COVID-19 on venture funding in the region and highlights some surprising facts about the different countries. Tune in to discover why Switzerland has emerged as a strong force in the startup scene, how Germany's diverse ecosystem mitigated the decline in funding, and the reasons behind France's larger drop in startup funding. If you want to uncover the hidden gems and thriving startups beyond the well-known hubs, this episode is a must-listen. Stay tuned for an in-depth conversation on the startup landscape in the DACH region with Christian Noske of NGP Capital.

Find all blog posts with all the links on our blog https://medium.com/startuprad-io/from-berlin-to-zurich-ngp-capitals-research-on-vc-funding-in-the-dach-region-startuprad-io-36553faace33

The Investor

Christian is a Partner at NGP Capital in Berlin. In a recent study, Christian and his team examined the post-COVID landscape in their core region, which includes Switzerland, Austria, and Germany. They found that each region had its own unique characteristics. Germany, being the largest country, was not surprising in terms of its size and activity in various sectors. However, Switzerland was a pleasant surprise, as, despite its smaller size, it had managed to build a thriving ecosystem and was demonstrating significant growth in venture funding, new creation, and deep tech software. The findings were quite astonishing and revealed the diverse and dynamic nature of the region's entrepreneurial and innovation landscape.

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A startup's journey can be a tough one, but it doesn't have to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance. The best way to find investors and cooperation partners for early-stage startups. Sign up here: https://startupraven.com/

Topics Discussed in this Episode:

#startuppodcast #germany #austria #switzerland #founder #startupradio #ngpcapital #vc #venturecapital #berlin #newyork #globalbusiness #venturefund #paloalto #shanghai #helsinki #seriesa #seriesb #technology #entrepreneurship #techentrepreneurship #dach #research #venturefunding #deeptech #software #climatetech #robotics #fintech #ecosystem #food #travel #france #gsa #deutschland #oesterreich #schweiz

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28 Sep 2023This Month in German, Swiss, and Austrian (GSA) Startups - September 2023 | Startuprad.io E 39700:26:09

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Welcome to our summer 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

This time we wrap up September 2023. There have been a lot of news sad (insolvencies, final closures, …), but also good ones (expansions, fundings, …) that we just had to make a selection in order not to bore you to death.

Our startup news is recorded with Chris live in New York City and Joe in Frankfurt. The recording date is September 26th and all news not included will be in our next news to be released on October 26th.


Our Highlights:

We track close to 500 mn Euros in newly announced investments in GSA. We have the first defense tech unicorn in Berlin and a lot of great news from Greentech startups in Germany. Some proptechs are not doing well, but not all startups associated with construction are performing poorly, as shown by the fundraising from Schüttfix. Long-distance trucking gets more autonomous with FERNRIDE and some bank news: Deutsche Bank uses Swiss DLT startup Taurus' technology and we learn more about JP Morgan's retail offering in Germany. Unicorn Flix already hired banks for their IPO in H1 next year. We also keep you updated on the bank holidays in Germany in the next weeks.

Let's talk startups:


Find all links and show notes here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-september-2023-startuprad-io-e-397-40c9c7b5fa2c

Mentioned in this episode:

Startupraven.com

Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/



This podcast uses the following third-party services for analysis:

Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy Interested in Working with us? Have a look here: https://www.passionfroot.me/startupradio
04 Sep 2023This Month in German, Swiss, and Austrian (GSA) Startups - Summer 2023 (July/ August) | Startupradio Episode #39300:34:04

Welcome to our summer 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in around 30 minutes sometimes less 🙂.

This time we wrap up July and August. We came up with the summer news because the September news has always been very long, overcrowded, and covered 3 months. That was a bit too much of a break and too much news in one piece. So we looked to wrap up summer and since the US is an important market and Labor Day is the unofficial end of summer it seems like a good fit.

This summer has been a bit different and there has been a lot of news, so we focus more on the most recent ones and we have cut a lot of news here.

For everybody in the US who celebrates it: Happy Labor Day!

Find all links to the quoted news on our Medium blog: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-summer-2023-july-august-episode-fdb709d89fbd

Like what you hear? You can tip us here: https://startupradio.captivate.fm/support


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Our Highlights:

Binance has not - yet - gotten permission to operate in Germany from BaFin, Nextwind raises 750 m US$, Bitpanda surpasses 1 M customers in Germany and Germany sets a new record in new founders. We also shared that SAP wants to invest in Aleph Alpha, they confirmed this and two more.

Germany's law for legalizing cannabis falls short of the expectations of cannabis entrepreneurs. Europe dominates climate fintech funding and the overall fintech funding shows a sign of life. Bafin also stopped mini VC investments - trashing the business model of some fintechs - AND we found newly closed VC funds in excess of 2.8 bn US$ that are open to European founders.


Our Enablers 

This recording is supported by HTAI and the Enterprise Europe Network Hessen

Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio


Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/


Top News 

Du kommst hier ned rein 🙂 Is the usual saying in Frankfurt if a Bouncer won't let you in a Club

Fintech blog Finance Forward reports German finance oversight BaFin signals no license for Binance for Germany. So they can neither advertise nor expand in Germany. To be clear, this is not a final NO, but rather a "Binance keeps trying, but BaFin signaled a No"


750 M US$ for Wind Energy

Wind Energy in Germany: StartUp Nextwind raises 750 M US$ Venture Capital investors include Sandbrook Capital, Canadian funds Public Sector Pension Investment Board (PSP Investments), and Imco


Bitpanda - The Austrian Unicorn

Surpasses 1 million customers in Germany alone https://buff.ly/44mMyKP it is not sure how many of them are really active, but that is always a tough question, even for the startups. But the question is important since one only makes money with active users.


Germany Sets a New Record in Founders

Despite the current economic situation, Germany has the highest share of founders in 24 years!!! According to the Global Entrepreneurship Monitor Germany had a larger than 9% founder quota, meaning people from 18–64 who (co) founded a new business within the last 3,5 years (Young...

24 Aug 2023Strategic Pivoting: Insider Tips for Making Business Decisions and Thriving in The Startup World | Startuprad.io E 39200:46:38

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Executive Summary

In this episode of Startuprad.io, host Joe Menninger interviews Max Koziolek, co-founder of Spectrm. They discuss the importance of making strategic decisions and pivoting in business, sharing insights from Spectrm's journey. They explore the challenges of seed-stage investments, the benefits of messaging apps for brands, and the impact of AI technology in their industry. Max shares his experiences in politics and media, highlighting the need for quality content distribution. The episode also delves into Spectrm's successful pivot to targeting brands and their impressive growth from pre-seed to series B, acquiring as pivoted startup clients like Zalando, UberEats, Premier Leauge, HelloFresh, Deichman, Breitling or Ford.


The Founder

Max, the guest on this episode of Startuprad.io, is a co-founder of Spectrm, a company that leverages AI-powered messaging to help brands connect with their customers more effectively. With a background in law and politics, Fabian brings a unique perspective to the startup world. He shares his experience of campaigning for public office, competing against Frank Walter Steinmeier. At the time the reigning foreign minister of Germany, now Germany’s president. He also shares his story of pivoting his company and the challenges they faced in finding their niche in the market, that was large enough to survive and how to communicate this to their investors. Fabian's determination and strategic thinking allowed Spectrm to not only survive but thrive, securing partnerships with major publishers and leading brands. His passion for AI technology and its potential for the future is evident in his vision for Spectrm's continued growth and success.


The Startup

Spectrm (https://spectrm.io/), is a Potsdam - Berlin Area-based startup, co-founded by Max Koziolek. It has made significant strides in the field of AI-powered messaging for brands. The company has successfully raised multiple rounds of funding, starting from a pre-seed stage all the way to a series B round. This demonstrates the confidence investors have in Spectrm's innovative approach and their potential for growth.


What sets Spectrm apart is not only their ability to help brands effectively engage, but also to pivot. They started out as a tool for sharing great journalism and realized that their market was not big enough. We take the journey with them to evaluate new options, and communicate the pivot to their investors and how to get them to agree.


Max also shares his experience with their customers by leveraging messaging apps like WhatsApp, Messenger, and more. With a specific focus on solving the problem of reaching audiences, Spectrm's platform enables brands to have meaningful conversations with their customers, ultimately driving conversions and revenue. Their impressive client portfolio includes renowned publishers such as CNN, Financial Times, and Business Insider, highlighting the trust and confidence their...

13 Jul 2023Generative AI for Service Organizations: Revolutionizing Processes with Innovative Technology | Startuprad.io E 38900:27:14

Like what you hear? You can tip us here or become a member to help us deliver great content: https://startupradio.captivate.fm/support

Management Summary 

In this episode, our guest is Fabian Peltzl, co-founder of KNOWRON. He is here to discuss the importance of augmenting blue-collar workers in the software industry, which is primarily focused on white-collar workers. KNOWRON aims to bridge this gap by providing generative AI technology to assist service organizations and technicians. They emphasize the underdeveloped software space for blue-collar workers and highlight the potential market size including large industries like logistics, machine building, engineering, and services. The team shares their experiences working with European languages and their plans for expansion. They also discuss the transformative power of NLP advancements and their mission to revolutionize enterprise search and customer support and what the co-founders learned during their studies at Stanford and MIT.

Key Topics Covered

- The need for augmenting blue-collar workers in the software industry

- Underdeveloped software space for blue-collar workers compared to white-collar workers

- Potential market size with 80% of the global population being blue-collar

- Current focus on scaling and product development

- Targeting service organizations and encouraging them to reach out

- Use of transformers systems in the background

- Sales technicians' problems with limited access to information and inadequate documentation

- Advantage of having knowledge of AI systems

- Importance of data collection for AI systems

- Focus on mechanical data and document processing

- Satisfaction with starting work before technology transformation

- Speaker's background in studying NLP networks and transformers at Stanford

- Work experience with manufacturing companies in supporting the blue-collar workforce

- Working with manufacturing companies, particularly in mechanical engineering and semiconductors

- Reference client ASMPT and their decision to sell the company's product to their own customers

- Mission to support collaboration across industries

- Belief in the potential of AI to revolutionize enterprise search and customer support

- Personal assistant to help with simple questions and guide users through tasks

- Focus on doing things differently than traditional startup advice

- Targeting hidden champions - manufacturers with global service operations

- Importance of multilingual capabilities for international success


The Founder

Fabian is one of the co-founders of KNOWRON, a revolutionary company in the software industry. With a passion for supporting blue-collar workers in the manufacturing sector, Fabian has embarked on a mission to bridge the gap between white-collar and blue-collar software solutions. Drawing upon his experience working for manufacturing companies like KUKA and Ostrom, Fabian has a deep understanding of the challenges faced by service organizations and technicians in accessing and documenting crucial information. His dedication to improving collaboration across industries has propelled KNOWRON to international success, and his multilingual capabilities have played a vital role in expanding the company's reach to global service operations. As a member of an international team, Fabian's diverse background and expertise contribute to the ongoing development of KNOWRON's cutting-edge product.


The Startup

KNOWRON (https://www.knowron.com/) is a groundbreaking startup that is pioneering the utilization of generative AI and NLP technologies to support the blue-collar workforce in the software industry. With a focus on sectors such as manufacturing...

29 Jun 2023This Month in German, Swiss, and Austrian (GSA) Startups - June 2023 | Episode #13200:22:39

Welcome to our June 2023 wrap-up with vital news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

We follow our top-down structure in the news.

Welcome to our startup news wrap-up for June 2023 by Startuprad.io with Chris from New York and Joe from Frankfurt. We recorded this news episode on June 27th, 2023. All news not yet included here will be published in our next news episode. Find all links to the quoted news on our Medium blog link below.

Note: We will now go into the summertime: In July and August we will only publish content every other week AND the next startups news will be our summer wrap-up, to be published on September 4th, in the US celebrated as Labor Day.

Our Highlights:

1 Komma 5, a Greentech startup, becomes a unicorn after only 23 months. We are wondering if this is the rise of climate tech startups already? Switzerland has a record funding with Teylor of 275 m €. GetYourGuide shows travel tech is back in favor of VCs with 194 m US$ funding. Germany and Intel agree on subsidies and investments for a new mega chip factory worth more than 30 bn Euros. Fernride, a pioneer of autonomous electric trucks, gets a 30 M US$+ Series A funding.

Let’s talk startups:

Top News 

The Rise of Climate Tech Startups Has Begun, So It Seems

Hamburg’s 1KOMMA5° has raised €430 million — and just become a unicorn at just 23 months old

Related: 1KOMMA5 buys danish solar company Viasol

Related: 430 mn debt funding

A Record Funding for Switzerland

Swiss-based SME lending fintech Teylor raises 275 m Euro, gaining Barclays as a new investor. Other investors include M&G Investments …

Traveltech Startups Seem to Be Back

GetYourGuide raises $194 million to fuel curated travel experiences and global expansion

30 bn For a New Chip Factory

Intel, Germany strike record €30B deal for chip mega-factory

Do You Know Fernride?

FERNRIDE a German pioneer of autonomous, electric trucks, raises 31 M USD in Series A funding

Find all Links and Show Notes here

https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-june-2023-episode-388-960515c65b87

Startups, Venture Capital, Unicorn, New Unicorn, Europe, Germany, Austria, Switzerland, Scaleups, Tech News, Venture Capital News, Startup News,

Mentioned in this episode:

Startupraven.com

Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/



This podcast uses the following third-party services for analysis:

Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy Interested in Working with us? Have a look here: https://www.passionfroot.me/startupradio
01 Jun 2023This Month in German, Swiss, and Austrian (GSA) Startups - May 2023 | Episode #38500:31:10

Welcome to our May 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

We follow our top-down structure in the news: First, the top news, then we look with a bird's eye view at the startup ecosystem in the German language countries, dig deeper by looking at exciting startup cities and end with general news. And for those serious about startups, there is even a collection called: "Stay Ahead of the Curve," where we share in-depth reads, articles, studies, and podcasts.

Our next news episode will be published on June 29th, and then we are - for the news - in summer break.

Our Highlights:

Germany is now officially in a recession, but one with barely any unemployment. Also, we still track many startups going out of business, BUT the overall picture is improving. The German VC and PE Barometer - which captures the mood of many German investors - is showing an uptick. This shows especially in the massive amount of new funds raised; they promise a bright future for startups! We tracked at least 3,4 bn Euros of newly raised funds, which will be invested entirely or partially in startups in Europe and GSA. Look at our medium blog; we have more information on what the investors are looking for and how to pitch them. We also have investments and exits worth at least 5,4 bn Euros and news in this episode, including WeFox, Tier Mobility, Infarm, Blinkist, Bitpanda, Aleph Alpha, Sono Motors, and many more.

Let's talk startups:

Find all links and the other news here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2023-episode-385-87fd564d483a

Tune in to our 24/7 Tech Entrepreneurship Internet Radio Station here:

www.startup.radio

Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio

Our Enablers

This recording is supported by HTAI and the Enterprise Europe Network Hessen

Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio


Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/


Top News

Deal or No Deal?

Getir is in talks to take over German grocery app rival Flink | Financial Times

But then: Flink's sale to Getir fell through. Now Flink is raising 150 M € from investors, including grocery giant Rewe and Doordash


Tier Mobility to Merge with Competitor

European e-scooter giant Tier Mobility maps route to merger


Will Infarm Be Soon Outfarm?

Infarm keeps shrinking and is leaving Europe, reports Handelsblatt. The greenhouse startup reportedly has only 80 employees in Europe left and will get an investment at an unknown valuation for their relocation - likely to the Middle East with low energy prices


Blinkist Makes a Large Exit!

Berlin-based startup Blinkist is sold to Australian education startup Go1 for an undisclosed amount, reported to be "hundreds of millions." Blinkist offers short wrap-ups of nonfiction books as text or audio


Large Drops in Valuations are...

25 May 2023AI Structuring Data from Unstructured Medical Documents | Minds Medical00:30:12

Executive Summary

In this episode, Joe interviews Lukas, co-founder of Minds Medical, and Ingo, senior partner of SYNPULSE. The story follows the pivot of Minds Medical from a healthcare-focused AI startup serving hospitals to its services for fintech/insurtech companies during the COVID-19 pandemic. They also discuss the challenges of extracting structured data from unstructured medical documents and the potential applications of this technology in the insurance industry. The conversation highlights the joint offering of intelligent document processing for the insurance industry and the acquisition process between the two companies.

When Corona hit, all hospitals stopped picking up the phone. So we had to focus all our energy on the insurance product.
Lukas Naab, Founder Minds Medical

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With SYNPULSE8 we are now building a product for the global insurance market.
Lukas Naab, Founder Minds Medical

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A startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance.

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Our Enabler HTAI and the Enterprise Europe Network Hessen 

This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Learn more here: https://www.htai.de/ and https://www.een-hessen.de/ 


We discovered for example that one large hospital in Germany has more than 200 different forms just to discharge patients. [And there are more than 1.800 different hospitals in Germany]. This amount of unstructured data requires machine learning and AI to be useful.
Lukas Naab, Founder Minds Medical

The Founder

Lukas is the founder and CEO of Frankfurt-based AI startup Minds Medical. Since the acquisition of Minds Medical he is in the new company the principal product owner for SYNPULSE8. During the outbreak of corona, hospitals had many other things to do and just stopped picking up the phone, all at the same time. So Minds Medical had to focus completely on their insurance product. They eventually decided to join forces with SYNPULSE since they already had a joint offering for disability insurance providers.


The Startup

Minds Medical was acquired by SYNPULSE, now known as SYNPULSE8. This becomes part of their offering to insurance companies and insurtech startups, active in the healthcare

27 Apr 2023This Month in German, Swiss, and Austrian (GSA) Startups - April 2023 | Episode 38000:22:08

Welcome to our April 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

Our Highlights:

Considerable funding made headlines last month. We have more than 600 M euros in funding in our highlights alone. A potential large exit: Software AG, the Darmstadt-based listed software company, is close to a 2.4 bn US$ exit with an offer from Silverlake Partners. Also, Berlin-based Blinkist may be close to a 200 M € exit. Hundreds of millions of raised funds were announced by Enpal (via ABS), Isar Aerospace, IntegrityNext, Razor Group, and Tado. Also, SAP is close to investing in Germany’s hottest AI startup Aleph Alpha from Heidelberg. Diverging picture in Airtaxi space: Lilium is looking for new investors; Volocopter builds the taxis and expects them to fly in less than 500 days at the Paris Olympics.

Let’s talk startups:

Top News

Software AG Close to a Multi-Billion Acquisition

Private-equity firm Silver Lake Partners, based in Menlo Park, is close to buying Germany’s Software AG in $2.42 billion deal. The offer is already public, reported Reuters. Shares of listed Software AG jumped 53% at the announcement. The investor already knows the company: In February 2022, Silver Lake had invested 344 million euros in the software developer’s convertible bond, which upon conversion would represent nearly 9% of issued Software AG shares.

Enpal Raises More Than 300 M€

Enpal raises up to €356 million via Securitization of Solar Receivables with first German residential solar ABS. ABS are asset-backed securities, that means if Enpal can not pay interest or pay back the final sum, the investors have the collateral (assets) backing the security

Blinkist Close to 200 M € Exit

Reports blog Deutsche-Startups, with an offer from an — yet unnamed — American company. The blog, with its founder Alexander Hüsing is usually pretty well informed and has been right before.

Isar Aerospace Closes €155 Million Funding

Isar Aerospace closes €155 million Series C funding round, ignition sequence start, all engine running. Investors are 7-Industries Holding, Bayern Kapital via its Scale Up Fund Bavaria, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding SE (Porsche SE), UVC Partners, and Vsquared Ventures

100 m € for IntegrityNext

The company has been bootstrapped for seven years, but now IntegrityNext takes €100 million from EQT Growth fund.

Razor Group Raises 88 M US$

Berlin-based Razor Group, an e-commerce aggregator, closes Series C at $88M at $1.2B valuation, acquires Stryze to consolidate.

Tado Raises Money, As IPO Plans Falter

Smart thermostat startup Tado wanted to IPO but then came Corona and Ukraine. They originally wanted to explore a sale or IPO after their 2021 fundraising, but the SPAC deal faltered and they needed to adapt. So they raised 46.9 M US$. Their existing investors already include Siemens, Amazon, and EON.

SAP To Invest In AI Startup Aleph Alpha

German press reports that the software giant SAP is about to invest in German ChatGPT competitor Aleph Alpha, which also claims to have eliminated fake news from its software. As yet, the valuation and investment are not known.

Related: Heidelberg-based startup, a competitor of ChatGPT, claims to have eliminated fake news from its tool Luminous

Airtaxi Lilium is Looking for New Money, and Volocopter is Planning to Fly

Airtaxi Lilium: 0 Euro revenue, 253 mn € losses. They are looking for new investors. Volocopter on the other hand, wants to start operating their drones as taxis ASAP. They also pledged to operate their air taxis in Paris, during the Olympic Games, in less than 500 days.

Related: Volocopter starts production — founders magazin

All Links and Show...

20 Apr 2023Where Are GSA Startups Heading? Insight From Recent Patent Filings With QuantIP | Exclusive Data00:41:27

Executive Summary

Get exclusive insights into the latest patent filings of GSA/DACH startups. Discover where they’re going and what impact they may have on your business. QuantIP is an analytics company that offers data and analytics on patent data and, for us, went through 460 categories and more than 16.000 patent filings. With their tools, we get you an exclusive insight into the patent filings of 2022. Tune in to learn more about the industries and areas startups are filing patents in.

Patent databases are the best man-made databases that ever existed. … a collection of all potential economically viable technical information, collected over the last 200 years.
Lucas von Reuss, CEO and co-founder QuantIP

The Founder

Lucas is the CEO and co-founder of QuantIP. He held multiple positions, including in journalism, before co-founding the startup. His positions include editor-in-chief at €uro, a magazine for sophisticated private and professional investors (a German equivalent of Barron’s Finance and Investing News). He also held positions with Axel Springer Financial Media before. He was always working around investing and asset management. He holds degrees from Ludwig-Maximilians-Universität München (LMU), Axel Springer School for Journalism, and an MBA from Stockholm School of Economics.

Part of the success of a company can be forecasted with their patent and patent filings. There are a lot of other important factors, depending on the industry, but for many future industries patents play a big role.
Lucas von Reuss, CEO and co-founder QuantIP

The Startup

QuantIP is a Munich-based big data startup, exclusively focused on patent analytics. The startup is already closing in on breaking even in the next 6–12 months.

QuantIP currently offers three products.

  • Data feeds tailored to the needs of systematic and quantitative equity investors.
  • Thematic search tailored to themed-driven asset managers, e.g., deal sourcing.
  • The pre-produced company reports on companies, available via platforms like capital iq from S&P, or AlphaSense

Patents are a very hard read. The main purpose of the filing entity is to protect their IP in a way that no one can really figure out how to reproduce it.
Lucas von Reuss, CEO and co-founder QuantIP

Exclusive Data

QuantIP went deep into its database with more than 16.000 patents and dug through to find the 2022 filings from startup companies in Germany, Austria, and Switzerland. Large companies file many patents, and there are somewhere between two and three million every year. This report defines startups as companies that filed their first patent before 2018. They also have only 3–9 inventions (an invention is a novel idea, and the patent is only the protection of it so that an invention can be patented in several markets).

For 2022 we look at almost 8.000 patent filings from a bit over 1.500 startups for GSA/DACH:

https://medium.com/startuprad-io/where-are-gsa-startups-heading-insight-from-recent-patent-filings-with-quantip-exclusive-data-6b059d561480

Mentioned in this episode:

Startupraven.com

Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/



This podcast uses the following third-party services for analysis:

Podder - https://www.podderapp.com/privacy-policy
Chartable - https://chartable.com/privacy
30 Mar 2023This Month in German, Swiss, and Austrian (GSA) Startups - March 202300:30:45

Intro

Welcome to our March 2023 wrap-up with important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

We follow our top-down structure in the news: The top news, followed by a bird’s eye view at the startup ecosystem, next deeper looking at fascinating startup cities, and we end with general information. And for those serious about startups, there is a collection called: Stay ahead of the curve, where we share exciting reads, articles, studies, and podcasts.

Welcome to our startup news wrap-up for March with Chris from New York City and Joe from Frankfurt. We recorded this news episode on March 27th, 2023. A little disclaimer: You may have noticed a lot of stress in February here at Startuprad.io. We should have remembered a few news items in our backlog and added them to this episode.

All news not yet included here will be published in our next news episode for April, to be published on April 27th. Find all links to the quoted information on our Medium blog link below.

If you celebrate it: Happy Easter! We also try to bring you a bit of culture from Germany here.

Our Highlights:

Good news and bad news for Fintechs Raisin and N26. Raisin gets its unicorn status back and gets a lot of new business, so much in fact that the complaints at Bafin are mounting. N26 generated 200 mn € revenue in 2021 but has to deal with a senior employee uprising. Neobank Ruuky is saved last minute. Startup Bonify reportedly makes a 20 mn € exit, but employees only get invited to a barbeque. GoStudent is a no-go with courts, and the first Goldman-backed fintech in Germany struggles. Bavarian Airlines may be just a hoax, and Grover shows the first signs on their way to an IPO.

Let’s talk startups:

Tune in to our Internet Radio Station here:

www.startup.radio

Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel, or listen to our internet radio station here: https://linktr.ee/startupradio

Our Enablers

This recording is supported by HTAI and the Enterprise Europe Network Hessen.

This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio

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Top News

Good News and Bad News at Raisin

The rising interest...

16 Mar 2023Meet One Of The Investors Investing 300 m Euro For Europe’s Green Deal To Become Reality00:34:54

Executive Summary

The European Circular Bioeconomy Fund (ECBF) is a venture capital fund consisting of both public and private investors. It focuses on driving the transformation to a bio-based, sustainable economy throughout Europe. This venture underlines the EU's commitment to its Green New Deal and sets higher standards for venture capital projects. Backed by venture capital, those companies funded must not only demonstrate economic growth potential but also uphold principles of environmental, social, and governance through their work. This fund stands as one part of a larger and definitive effort by the EU to become carbon neutral by 2050.

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The General Partner

Michael is one of the three founders and General Partners of the European Circular Bioeconomy Fund (ECBF). The German entrepreneur wrote and executed the business plan of High-Tech Gründerfonds (HTGF), the most active early-stage fund in Europe, investing in innovative technologies and business models since 2005. As the first managing director, he led HTGF until 2019. Michael has 25 years of experience in investment and management in the venture capital industry.

The ECBF

The European Circular Bioeconomy Fund (ECBF) is an impact investment fund. Initiated by the European Union, it contributes alongside others as a financial instrument to achieve the goals of the European Commission's (EC) EU Green Deal.

The European Investment Bank (EIB) is the main investor in the ECBF with EUR 100 million. Additional funds were invested by another public investor, NRW.BANK, as well as numerous private investors such as Nestlé, Neste, Corbion, BÜFA, Koehler Group, Volkswohlbund, Hettich, Invest NL, Telos, Heino, and more.

The fund invests the available capital of 300 Mio. euros in ambitious and visionary companies that advance the bio-economy and circular economy with innovative technologies or business models and thus have a sustainable impact on the European economy. The goal is to accelerate the growth of bio-economy companies and create pan-European, global players. The goal of generating a very high return on investment is directly linked to this and is on the same level as the impact goal.

The regional focus of the investments includes the EU-27 countries and the 16-Horizon2020 associated countries.


Current Portfolio

The current portfolio includes (amongst others) the following companies:

Peel Pioneers

ProLupin

Aphea.Bio

Nuritas

Elicit Plant

InOvo

Protix

Biosyntia

Trapview


Pitch the ECBF

ECBFs Vision is to build up a prosperous economy realigned with nature. To get there they aim to identify the most promising investment targets in the European Bioeconomy, with both good financial returns and a huge impact on the environment. Thus, ECBF is interested in connecting with entrepreneurs, investors, and business promotion stakeholders with robust business networks in the bioeconomy. Find all requirements and the email

23 Feb 2023This Month in German, Swiss, and Austrian (GSA) Startups — February 202300:22:45

Welcome to our February 2023 wrap-up with the important news from the startup scenes in Germany, Austria, and Switzerland in 30 minutes or less 🙂.

We follow our top-down structure in the news: First the top news, then we look with a bird’s eye view at the startup ecosystem in the German language countries, dig deeper by looking at interesting startup cities and end with general news. And for those of you who are really serious about startups, there is even a collection called: Stay ahead of the curve where we share interesting reads, articles, studies, and podcasts.

Welcome to our startup news wrap-up for February 2023 by Startuprad.io with Chris from New York City and Joe from Frankfurt. We recorded this news episode on February 21st, 2023.

All news not yet included here will be published in our next news episode. Find all links to the quoted news on our Medium blog, link below.

Our Highlights:

Rising interest rates are leading to an interest rate war between the neobrokers. We covered the troubled company Windeln.de, which is now liquidated. Farewell! Moonfare extended it’s Series C funding to more than 130 m US$, but we are not sure who invested in the last batch, since a fund is mentioned, that was also founded by Moonfare’s founder. The City of Mainz goes live with its quest to become a world-class biotech hub. N26 was reportedly in advanced talks to buy dutch broker Bux, but buxed out shortly before the closing. AAAAAAnd, we like to end on a high note: Raising is in the process of reclaiming its unicorn status with new funding. We have also some event recommendations for you and discounts from 20% to 100% for the events listed in our show notes.

Let’s talk startups:

Our Enablers

This recording is supported by HTAI and the Enterprise Europe Network Hessen

Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our https://linktr.ee/startupradio

Startupraven.com

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Find Us on Newsly

Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.

Top News

Neobrokers Just Started — What May Be An Interest Rate War (Chris)

After german unicorn Trade Republic had a smashing success with offering 2% interest for money deposited there now also fellow unicorn Scalable offers even 2,3%, BUT only from 100k € on and only if you are a subscriber (4.99/month) 

Farewell Windeln.de

We have often talked in our news about the precarious position of windeln.de. Now it is finally liquidated 

Who Extended Moonfare’s Series C?

Moonfare is a fintech from Germany, allows individuals to invest in Private Equity Funds, founded by former KKR Germany Head Steffen Pauls. They cap their Series C extension round at about $15M, bringing its Series C funding to $130 million+ the Berlin-based fintech allows HNWI, family offices, banks, and their advisor's access to top-tier private markets investments. BUT German business magazin Manager Magazin reports that for this extension the only investor mentioned by name is one that Mr. Pauls has co-founded.

You can find his profile at 7 Global Capital here on their website as Managing Partner and Founder.

City of Mainz Starts to Invest some of Their...

09 Feb 2023Reverse.Supply Offers Fashion Brands Second-Hand-Shops-as-a-Service00:32:17

Executive Summary

Reverse.supply is a startup that offers second-hand shops for fashing brands, not only the technical shop but also the logistics behind it. We interview one of the three co-founders Konrad, the CTO, who has extensive experience from ImmobilienScout24, insurtech FRI:DAY, and Solarisbank. Reverse.supply is already working with companies like Globe Trotter, Armed Angels, and Bergzeit. Starting in 2024 there will be a legal requirement to take the clothing back, this is a massive opportunity for reverse.supply.

Right now are could sell more 2nd hand clothes, than we get. There is a big demand there.
Konrad Hosemann, CTO & Co-Founder reverse.supply

The Founder

Today we’re thrilled to have Konrad as our guest. He’s the co-founder and CTO of the recommerce startup reverse.supply, a company he formed to help bridge the gap between buyers and sellers of clothing, on behalf of brands. Previously, Konrad was Lead Developer at ImmobilienScout24, Head of Engineering at insurtech FRI:DAY, and Principal Developer at Solarisbank; his career is marked by long-standing success in the engineering sector. We can’t wait to discuss what Konrad has achieved thus far as the founder of reverse.supply!

The Startup

Reverse.supply (https://www.reverse.supply/) is not only a SaaS startup. The company runs a large logistic center in Berlin, where they accept delivery of clothing for their clients. There they grade the received items. They add it to the online shop of the fashion brand and store the 2nd hand items to be sold yet again. They do this for several companies. Their disclosed clients include Globetrotter, Armed Angels, Bergzeit, and many more.

Currently, many processes are manual and the startup is working on the automation and scalability of these processes.

Reverse.supply is the winner of the German EcoDesign Award category “Service”.

Venture Capital Funding

The company is open to talking to new investors. They are looking to further scale their operations, having already raised a business angel round, pre-seed funding, and seed funding. The investors include Capnamic, Dutch Founders Fund, and several business angels. Reach out to learn more.

They Are Hiring!

You can find the link to their careers page on our medium blog.

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All Links and Show Notes

Here is our blog post: https://medium.com/startuprad-io/reverse-supply-offers-fashion-brands-second-hand-shops-as-a-service-892d84ba1ecb

Topics Discussed in this Interview

In this interview, we are talking about

#Innovation #startup #startups #startupradio #entrepreneurship #entrepreneur #business #motivation #success #entrepreneurship #mindset #goals #entrepreneurlife #lifestyle #businessowner #believe #positivevibes #branding #innovation #techstartups #secondhand #asaservice #startup #berlin #coder #cto #cofounder #circulareconomy #2ndhand #2ndhandclothing #fashion #clothes #logistics

Mentioned in this episode:

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This...
02 Feb 2023Immer.App Reinvents Reading For The Digital Age00:40:59

Executive Summary

Immer.App is a startup that has been chosen for the 2022 CONTENTshift accelerator, whose impressive and unique technology is set to revolutionize the way we read in the digital age. Through their development of an innovative mobile, tablet, and web-based reader experience, Immer.App are strongly positioned to impact both smartphone users and publishers alike. Although they have initially pivoted away from a consumer app to market their innovative reading technology, they are actively reaching out to producers of mobile apps, websites, and publishing companies who could significantly benefit from the use of their advanced system. Keep reading if you want to stay up-to-date with this exciting startup's journey!

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The Founder

Niels is an entrepreneur and writer. He even wrote in the past background material for video games and articles for newspapers and magazines. Since he is so passionate about reading, he works really hard to re-invent reading for tablets, e-readers, and smartphones.


The Startup

Immer had a proof-of-concept app in the Netherlands with 10.000 users. During its development since its founding in 2020, it pivoted away from a reading app to its solution making text easier to read and easier to understand. This in turn makes all reading apps and e-readers potential partners, instead of competitors.


Venture Capital Funding

Immer.App is currently funded in an angel round of 600.000 €. They are looking for a pre-seed round. Currently, they have many dutch investors and look for more international investors to get their feedback and input as well. On our blog, there is a link to their pitch deck.


Immer is Hiring!

Learn more on our blog post.


The CONTENTshift Accelerator

This interview is part of our continued partnership with the CONENTshift Accelerator, the accelerator of Germany's association of book publishers and book printers (Börsenverein des Deutschen Buchhandels). If you are interested in learning more you can visit their website here: https://www.contentshift.de/en/ or just have a look at all the winners since 2017 here in our playlist: https://www.youtube.com/watch?v=6b0cn5X_xWE&list=PLUbiCAQc22Wu5mU4YqS7oWWEjqrdG1Kul&ab_channel=Startuprad.io


Blog Post with all Links

https://medium.com/startuprad-io/immer-app-reinvents-reading-for-the-digital-age-824c8ce91654


Topics Discussed in this Interview

In this interview, we are talking about

#innovation #startup #startupstories #startupradio #entrepreneurship #entrepreneur #business #motivation #success #entrepreneurs #mindset #goals #entrepreneurlife #lifestyle #businessowner #believe #positivevibes #branding #innovation #techstartups

Mentioned in this episode:

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26 Jan 2023This Month in German, Swiss, and Austrian (GSA) Startups - January 202300:25:58

Happy 2023, as well as a happy Chinese New Year of the Rabbit. 2023 Chris and Joe will again bring you startup news once a month (with a small summer break) wrapping up what was going on — and we found noteworthy — in the GSA / DACH startups scene.

Our Highlights:

WeFox is under fire for growing with acquisitions of insurance broker pools, BioNTech makes largest acquisition in its history, DeepL confirms unicorn status and snipes at Grammarly, Solarisbank in trouble with BaFin, Trade Republic has to disclose numbers and Sono Motors gets longer runway with EU money.

Let’s talk startups:

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Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Look for Tech Startups Germany here: https://linktr.ee/startupradio

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Startup Raven

Top News

WeFox got some splaining to do 🙂

Extensive, but not favorable coverage of insurtech Wefox came out this month. The main complaints are that the growth is basically driven by acquiring existing pools of insurance brokers (not really what you would associate with an insurtech startup). They made that way 600 million Euros in revenue in 2022. But these pools do not get innovative systems from WeFox, or innovative insurance offers from them, they just keep working. Also, there has been no innovative product that really drove the growth at WeFox as an innovative unicorn

BioNTech makes the largest acquisition to date

BioNTech may be one of Germany’s most successful startup companies. We talked about it in our news before, the company alone is responsible for approximately half a percentage point of Germany’s GDP Growth in 2021 — Keep in mind that Germany is the 4th largest country in the world by nominal GDP.

Here is the new piece: Mainz-based pharma company BioNTech (famous for their corona vaccine) makes the largest acquisition in its history with UK-based AI startup Instadeep

Related: BioNTech’s founder on the future of mRNA technology

Cologne-based DeepL confirms unicorn status and snipes at Grammarly

DeepL takes aim at Grammarly with the launch of Write, to clean up your prose.

Related:

Cologne-based translation tool DeepL confirms unicorn valuation for their 2022 fundraising of 100 mn US$

Solarisbank joins N26 in Troubles with BaFin

Bafin is Germany’s bank oversight body (think FSA or SEC). They have already limited the number of customers N26 can acquire due to lapses in following regulations (especially AML), now Solarisbank is in too: “Solarisbank in Germany can now only get new partners (fintech clients) with permission of German finance oversight BaFin, due to continuing problems. BaFin also sends an “observer”

Trade Republic Updates

Trade Republic generates more than 1 bn Euros inflows of new client money with 2% interest rate offer and a lot of favorable press coverage.

Also, Trade Republic has to publish their numbers: There is a legal requirement in Germany to publish your balance sheet 12 months after your business...

22 Dec 2022This Month in German, Swiss, and Austrian (GSA) Startups - December 202200:26:05

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups, our startup news wrap-up for December 2022 by Startuprad.io with Chris from New York City and Joe from Frankfurt. We recorded this news episode on December 19th, 2022. Keep in mind, this news episode covers everything since our last news episode.

As always: All news not yet included here will be published in our next news episode, which will be January 2023, the first news for 2023. Guys, another year is over! Find all links to the quoted news on our Medium blog, link below

Our Highlights:

Enpal makes huge fundraising in the current environment, more than 800 mn €. Sennder doubles its valuation in the next funding round to 2 bn US$ and has already 60 mn commitments. The funding environment may be bleak, but investors announced new funds for VC and PE investments worth 3.1 bn US$ targeting startups and scaleups in GSA or Europe. One blog asks if the time of Rocket Internet is over, Matter Labs raises 200 mn, a big heist drives a startup into insolvency and Getir buys Gorillas for 1,2 bn US$, a far cry from Gorillas' former 3 bn US$ valuation.

Let's talk startups:

Top News 

Enpal Fundraising

Enpal could double its valuation in the new funding round. Berlin-based unicorn Enpal closes €855 million in debt funding to accelerate the adoption of solar energy.

Sennder Raises New Funds At Double Valuation

Digital forwarder unicorn Sennder is raising new money, at a  2 bn US$ valuation. According to the report, they already have  60m commitments.


Fundraising For VCs Went Quite Well - More Than 3.1 bn Euros Worth of New Investment Funds Have Been Closed

The largest is EQT Ventures. It has Money if your startup needs it: EQT Ventures III closes Europe's largest venture capital fund committed to early-stage tech startups. The money will go to early-stage startups in Europe and North America. For more funds, wait for our later section with new fund announcements.

A service for our audience: Learn more and send in pitches here: https://eqtgroup.com/current-portfolio/funds/eqt-ventures-iii 


Has Rocket Internet Already Seen Its Best Years?

"Mucho trouble over at Rocket Internet," wrote Robin Wauters in his readworthy newsletter for Tech.eu. The article asks if their era is over. Staff cuts and investment stop point in that direction.


Startup Brand Ranking

Jung von Matt publishes their annual  GERMAN STARTUP BRAND RANKING

Some of the top 50 startup brands are known from our news: About You, Flink, Numa Group, getquin, Vivid, Flaschenpost, Tier Mobility, Zolar, Enpal, Sono Motors, Trade Republic


Matter Labs raises 200 mn US$

Matter Labs, the Berlin, Germany-based developer of zkSync, a solution that reduces the cost of Ethereum transactions, raised $200M in Series C funding https://buff.ly/3UorChp


Not Oceans Eleven, But Still BIG

Berlin-based luxury watch marketplace Watchmaster was one of the largest marketplaces of its kind. After a spectacular robbery where 10 m € worth of watches have been stolen the company has to file for insolvency https://buff.ly/3Fi3qsG 


Getir Buys Gorillas And It Is Not Going Well For the Gorillas Founder

First, this kind of news appeared: Getir will take over Gorillas soon - according to press reports. The negotiations have been dragging on for some time now.

Then, we got the confirmation: Getir acquires German competitor Gorillas in $1.2 billion deal - where Gorillas was once valued at 3 bn...

20 Dec 20229am.works Is The "Operating System" for Freelancers00:37:17

Executive Summary

9am.works is a startup platform explicitly designed for freelancers. Founded by Marc, a serial entrepreneur formerly with Team Europe Ventures and the founder of Sommelier Prive, Huus, code control, and 9am.works. The platform makes it easy for freelancers to find jobs, invoice clients, and get paid quickly and securely — most for free! It also helps companies work with freelancers, from searching and hiring to payment processing. Bootstrapped since its launch in 2016, 9am.works is transforming how freelance work is being done.

We take a lot of the pain points from companies that work with many freelancers.
Marc Clemens, Founder and CEO 9am.works

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We worked with a law firm to build a compliance hub for working with freelancers.
Marc Clemens, Founder and CEO 9am.works

Executive Summary

9am.works is a startup platform explicitly designed for freelancers. Founded by Marc, a serial entrepreneur formerly with Team Europe Ventures and the founder of Sommelier Prive, Huus, code control, and 9am.works. The platform makes it easy for freelancers to find jobs, invoice clients, and get paid quickly and securely - most for free! It also helps companies work with freelancers, from searching and hiring to payment processing. Bootstrapped since its launch in 2016, 9am.works is transforming how freelance work is being done.

The Founder

Marc is originally from Schwaben (https://en.wikipedia.org/wiki/Swabia), an area rich in entrepreneurial culture and home to some of the most iconic German companies, like Bosch and Benz. The Würth family is also from this same region, famous for their products related to screws, nails, and other construction items. He chose to pursue higher education abroad by studying at St. Gallen in Switzerland, UC San Diego, and later HEC in Paris. This exposure helped equip him with the skills needed to be a successful startup founder - something he has since become known for. His roots may have provided him with an initial spark of inspiration, but Marc's hard work has allowed him to carve out his own place in the business world.

A serial entrepreneur, he has a wealth of experience not only with Team Europe Ventures (now team global, founded by Lukasz Gadowski https://teamglobal.net/) and also in founding his own startups. Unfortunately, his venture Sommieler Prive did not succeed, leading to a period of tiredness and burnout. Thankfully, this entrepreneur is sharing his learnings from this experience in interviews to help others avoid the pitfalls of a similar situation. His advice provides powerful insights into how to navigate entrepreneurism without suffering excessively from burnout.

After this, he was freelancing for some time. This leads him to the idea of Code Control (which he still runs), a community for IT freelancers. This again developed into the idea of 9am.works, for all freelancers, not only for IT talent.

In between, he co-founded with his wife the HUUS soundproof phone booths startup (you may have seen them in a coworking space before) https://en.huus.io/.

The Startup

If you are a freelancer in need of assistance with the various steps of working with a company, 9am.works is the perfect platform for you! They provide sales solutions, and project management services free of charge for all freelancers and offer to work along any other steps needed for successful contracting. They also offer a payment solution, but this one is not for free....

15 Dec 2022Meet the German Entrepreneur of the Year - Co-founder of Flix, which now owns Greyhound #GSA2200:48:58

Executive Summary

Jochen Engert won the German Startup Award 2022 as German Entrepreneur of the Year. He is the co-founder of Munich-based Flix a unicorn recently valued at 3 bn US$ and the owner of Greyhound Lines. He shares in this interview his entrepreneurial journey, and his experience in winning 90% of the local long-distance bus market in less than a decade, without owning even one bus. We talk about the rough times during COVID when the service was shut down for 8 weeks, their expansion into different countries, acquisitions, and investments. He also shares some experience from his business angel investments.

“We are getting to profitability pretty soon”
Jochen Engert Co-Founder Flix

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“Our families, even our girlfriends thought we were crazy leaving our consulting jobs to start this ‘bus thing’.”
Jochen Engert Co-Founder Flix

German Startup Awards 2022

This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022

You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.

“Our initial hypothesis was that you need one central player to orchestrate in order to put up a national network.”
Jochen Engert Co-Founder Flix

The Founder

Our guest today is Jochen, the Supervisory Board Director (formerly CEO) and Co-Founder of Munich-based mobility unicorn startup Flix (formerly Flixbus). Jochen studied at the University of Ottawa, Canada, as well as at Stuttgart University and in Koblenz at WHU. He has also been a consultant at Boston Consulting Group for 5 years, prior to starting Flix.

“If you want to be a founder, you are always on sales, to clients, investors, and also people you want to hire”
Jochen Engert Co-Founder Flix

The trigger of Flix was the 2009 coalition government contract, where the ruling parties stated they wanted to de-regulate the bus service in Germany, for the first time permitting long-distance buses. Before the de-regulation there was a law in force forbidding long-distance bus connections, competing with train service. So they founded GoBus, later re-branded to FlixBus, then to Flix.

“ … for all operational complex businesses: Operational excellence, passion for detail and laser focus on customer centricity and ultimately customer technology … that is something that compounds, …. Building ultimately a competitive advantage, that is very hard to impossible to replicate ”
Jochen Engert Co-Founder Flix

The Startup

Flix started as GoBus, later FlixBus (https://global.flixbus.com/). Today they operate FlixBus, FlixTrain, FlixCar, Kâmil Koç in Turkey, and Greyhound Lines in the US. They were valued at 3 bn US$, when they raised their last VC round (Series G published in June 2021). They raised in total more than 1,2 bn US$ from 17 investors, including...

08 Dec 2022Meet Filip, One of Germany's Most Successful Early Stage VCs from Cherry Ventures #GSA2200:32:32

Executive Summary

Filip is a founding partner of Cherry Ventures, one of Germany’s most important seed investors. Their portfolio includes unicorns like Flixbus, Auto1 Group, Forto, Infarm, and well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist. Their portfolio also includes our former guests: Qualifyze, Sanity Group, and Rows. Filip has a background as an entrepreneur himself, so he and Cherry approach startup investing differently. Tune in to learn more about him and the VC.

“We have software helping us to find good startups, for example, if you are head of product at a good startup and change your title to ‘working on something new’ we get notified.
Filip Dames, Founding Partner Cherry Ventures

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“I really believe an investor should be stage focused”
Filip Dames, Founding Partner Cherry Ventures

The Founder

Filip Dames has had an accomplished career, starting out as an intern in Malaysia with DaimlerChrysler, at BCG, and Sony BMG in New York City. Following his venture into the corporate world, he then founded a collectible marketplace called Tamundo. There he went on to oversee the international expansion of Zalando and become the founder and CEO of Zalando Lounge (Zalando’s shopping club). The venture was a success, helping Zalando to go public in 2014. He decided to leave the company, making his 30th birthday also his Zalando farewell party.

From there Filip decided to venture off and focus on venture capital; so it came as no surprise when he started Cherry Ventures in 2013 in Berlin as business angel and startup investor. With tickets of 10.000–50.000€ they are dedicated to helping Germany, Europe, and beyond with investments for entrepreneurs wanting to make their visions reality.

“We invest almost exclusively in Europe”
Filip Dames, Founding Partner Cherry Ventures

Cherry Ventures

Cherry Ventures (https://www.cherry.vc/) is an early-stage venture capital fund founded and led by former entrepreneurs. They are focusing on European seed-stage companies in the B2B and B2C space. Cherry invests there at the pre-seed- and seed stage with initial tickets between €500k and €5M.

“Founders first and investors second” is the motto of Cherry Ventures

They started out with their first fund with their own money and the money of close friends, much less than 10 m €. From there they build a portfolio of 30 companies, of which some did really well. This in turn enabled them to raise an institutional fund, worth 150 m Euros. In the second fund, successful entrepreneurs from the first fund invested like the founder of Amorelie or the founders of Flixbus.

Their portfolio is already pretty impressive and includes names our frequent followers will recognize, unicorns like Flixbus, Auto1 Group, Forto, Infarm. But they are also investors in well-known startups like Amorelie, Kitchen Stories, Flaschenpost, Spryker, and Superlist. 

Their portfolio also includes former guests, Qualifyze, Sanity Group, and Rows, for which you can find the interview link in the show notes.

Further Readings / Additional Resources

Qualifyze (audio only) 

https://player.captivate.fm/episode/220f49cc-2ef1-471a-bd5b-504d9235e892

Sanity Group

06 Dec 2022QiTech Recycles Plastic Waste in 3D Printing Filament #GSA2200:33:43

Executive Summary

Milan graduated in 2022 from Highschool and is the founder of QiTech, a company that recycles bottle caps to create the plastic filament used in 3D printers. He was recently awarded the Newcomer of the Year at the German Startup Awards 2022. Milan has been working hard to grow QiTech into a successful business. In addition to selling the ink for 3d printers call filament, QiTech also sells the machines they use to produce the filament. This innovative approach to recycling has earned Milan recognition as an outstanding young entrepreneur. With his creative solution to the problem of plastic waste, Milan is positively impacting the environment and paving the way for a more sustainable future.

In plastic recycling you have to get down to the details, there is a lot of ‘greenwashing.’

Milan von dem Bussche, Founder QiTech

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“We produce (next to recycled filament) lab scale machines, where you can throw in the right kind of plastic on top and get 3d printing filament out at the end.”

Milan von dem Bussche, Founder QiTech

German Startup Awards 2022

This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022  

You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already. 

 “What we do is really recycling, not downcycling.”

Milan von dem Bussche, Founder QiTech

The Founder

Milan is a young entrepreneur who is already making waves in the business world. In March 2022, he won the German Startup Award, and in the summer of the same year, he graduated from high school. Von dem Bussche started his career at the age of 16 with 3d printing phone cases. He soon realized that there was more potential in recycling phone cases and turning them into 3d printing filament. The filament is the ink of a plastic 3d printer; it is a type of plastic that is heated and then layered on to create a 3d shape. Von dem Bussche and his team soon recognized that the filament business held much more potential than the phone case business, so they pivoted their focus. Their hard work has paid off; today, their company is one of the leading producers of 3d printing filament in Germany. von dem Bussche is proof that with a great idea and a lot of determination, anyone can succeed. As of December 2022, the team has not taken in outside investors, but they funded their startup with award money and a government stipend. 


The Startup

Milan von dem Bussche is a young entrepreneur who founded the startup QiTech. The company started out by 3d printing cell phone cases but later realized that there was a much bigger market in recycling plastics to 3d printing filament. So

01 Dec 2022UnternehmerTUM Helps Entrepreneurs to Start World-Class Companies #GSA2200:19:55

Executive Summary

UnternehmerTUM helps experienced entrepreneurs and students to start, accelerate or fundraise to build world-class companies including but not limited to Flix, Celonis, Blickfeld, Isar Aerospace, Konux, tado, e-bot7, ProGlove or Lilium. At the 2022 German Startup Awards, UnternehmerTUM won the Special Award for their work. Therefore we interview Stefan, its COO in our series with the German Startup Association, and learn more about him and their programs.

German Startup Awards 2022

This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interviews and on this website: https://germanstartupawards.de/rueckblick/rueckblick-2022

You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.

The Award Winner

This time we have a very special case since the legal entity UnternehmerTUM won the German Startup Awards’ 2022 Special Award. UnternehmerTUM itself is attached to the Technical University of Munich (TUM). It is also one of the cradles of Munich’s world-class startup talent and a light tower in the education of entrepreneurs in Germany. We, therefore, talk to Stefan Drüssler.

Stefan , COO of UnternehmerTUM, is no stranger to entrepreneurism. As a past consultant with the Boston Consulting Group (BCG), he has advised startups and Fortune 500 companies alike on how to grow their businesses. But when he joined UnternehmerTUM 5 years ago, he found his true calling in helping entrepreneurs bring their startups to life.

Located in Munich, UnternehmerTUM is one of the world’s leading incubators and accelerators for startups. It is also a hub for entrepreneur education, providing programs and resources to help founders get their businesses off the ground. Recently, UnternehmerTUM was honored with the German Startup Awards’ 2022 Special Award. This recognition is a testament to the incredible work that Stefan and his colleagues are doing to support startup growth in Germany.

Looking to the future, Stefan is excited about the potential for UnternehmerTUM to continue supporting more founders as they turn their innovative ideas into successful businesses. With the right mix of resources and support, there’s no limit to what German startups can achieve.

The Institute

UnternehmerTUM was founded in 2002 by entrepreneur Susanne Klatten as a non-profit organization. With more than 50 high-growth technology start-ups each year and its unique offering, it is the leading center for innovation and business creation in Europe. It is an institute attached to the Technical University of Munich (TUM). 

Mrs. Klatten was raised in a successful entrepreneurial family and her family owns jointly the controlling stake in BMW. The organization’s goal is to promote entrepreneurship among students and scientists, and it offers a variety of programs and resources to support entrepreneurs and its members. In addition to providing educational opportunities, UnternehmerTUM also offers mentorship and networking programs to help its members connect with potential investors and customers. As a result of its efforts, UnternehmerTUM has helped to launch numerous successful businesses. 

UnternehmerTUM helps founders from the idea stage to financing, they are also involved in teaching entrepreneurship at TUM. They have more than 350 employees working on 20 independent programs, where they help with ideation, incubation, acceleration, and...

24 Nov 2022This Month in German, Swiss, and Austrian (GSA) Startups - November 2022 Wrap-Up00:24:38

Our Highlights:

FTX may be history, BUT a German Blog reports there are several parties interested in buying the European Entity of FTX. FTX also triggered Bitpanda to order a special audit from KPMG. We have some more job cuts, this time the 2nd round. Gorillas may sell itself at 1 bn USD even though they have raised 1.3 bn USD in venture capital already. Air taxis are still hot, Volocopter raises more than 180 m US$ to get closer to certification and Lilium sells 100 Airtaxis to Saudi Arabia. The German VC market is stabilizing, according to KfW Research. Our former guest Creditshelf partners with Goldman Sachs and pockets 100 m Euros. Gitpod, a startup from Kiel convinces the founders of GitHub and Shopify to invest.

Let's talk startups:

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Top News

FTX may soon be History, BUT

A German blog Finance Forward reports there are several parties interested in buying the European Entity of FTX, which is headquartered in Switzerland. Their information has been spot-on in other cases in the past.


Job Cuts Keep Coming - 2nd Round Now

Proptechs Homeday and McMakler enter the second round of job cuts. Homeday cuts 20 jobs (60 before) and McMakler again 100 employees


Gorillas May Sell Itself at a Huge Discount

Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion. They have been valued at their series C investment at 2.1 bn US$ and to date they raised more than 1.3 bn US$.

Related: Deutsche-Startups uncovered that Gorillas (which is in the process of selling itself) paid 300 m € this year for french competitor Frichti.


Lilium Sells 100 Airtaxis

Saudi Arabia buys 100 air taxis from Munich -based startup Lilium. The delivery is expected 2025. Before the deal, they also hired former Airbus executive Klaus Roewe. Fingers crossed for them, they did not generate revenue yet, but 841 m Euros in losses so far.


Volocopter Raises 182 M US$

Volocopter raises $182M to bring air taxi closer to certification, as part of their Series E funding

The company is currently testing its two-seater VoloCity air taxi for the requirements set by the European Union Aviation Safety Agency (EASA). Volocopter is looking to certify its aircraft in H2 2023 and generate revenue with rides in 2024.


Creditshelf Partners with Goldman Sachs

Our former guest Creditshelf partners with Goldman Sachs and hits profitability - Goldman Sachs is providing the German alternative lender for SMEs with up to €100m of secured funding. Learn more in our interview with Creditshelf here https://buff.ly/3NVANo1

Creditshelf is Germany’s only listed pure-play fintech, offering a credit platform, where investors can grant credit to German small and medium enterprises.

Mentioned in this episode:

Startupraven.com

Startupraven.com The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/

Our Enablers

Younium Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/ Tvarit Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/



This podcast uses the following third-party...
21 Nov 2022Green Startup Traceless Replaces Plastics With Compostable Materials #GSA2200:25:37

Executive Summary

Johanna Baare is the founder of Traceless Materials, a startup that produces compostable materials to replace plastic. She was recently awarded the German Startup Award for "Female Newcomer of the Year 2022." Congratulations, Johanna! The award is presented by the German Startup Association. Baare's company is just one of many startups fighting plastic pollution. It's estimated that 40% of today's plastic waste ends up in the environment. This has devastating consequences for wildlife and ecosystems. Traceless Materials' products will decompose in nature in two to ten weeks, without leaving any trace. Baare is one of many female entrepreneurs leading the charge against plastic pollution. We need more innovators like her to create a cleaner, greener future for us all.

German Startup Awards 2022

This interview is in media partnership with the German startup association. Their German Startup Awards #GSA22 honor each year outstanding female and male founders and investors in special categories.

You can also have a look at our history, we also interviewed many winners of the German Startup Awards 2021 already.

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The Founder

Johanna Baare is the COO and co-founder of Traceless Materials, an innovative Hamburg-based startup company that specializes in sustainable and eco-friendly materials. She has a background in psychology, which comes in handy for her current role in hr and team building. She also holds an MBA from IE Business School. Before Traceless Materials, she was the COO of a Malmö-based startup where she gained valuable experience in the SaaS industry. Her experience in consulting and management has been invaluable in her current role. Under her leadership, Traceless Materials has become one of the leading companies in its field.


The Startup

Founded in 2020 by two female entrepreneurs, Traceless is a startup that produces biomaterials to replace plastic. Johanna met her co-founder Anne at ProjectTogether in Berlin, which matches co-founders. The material is compostable, meaning it breaks down into natural substances in two to ten weeks without leaving any trace of microplastic. The company's mission is to reduce the environmental impact of plastic waste. In addition to being compostable, the biomaterial is also recyclable and biodegradable. Traceless is currently working on developing a variety of applications for their biomaterial, including packaging, food service items, and medical supplies. The company has already received funding from several venture capital firms and the European Union. With its innovative biomaterial and commitment to sustainability, Traceless is poised to make a significant impact in the fight against plastic pollution.


The team is looking to build a first industrial-scale plant approximately the size of one hectare (107,000 square feet). The next step would be to produce at an industrial scale where the team is looking right now to match the price of non-recycled, aka virgin plastic. The big advantage of their material is that traditional plastic producers can use their granulate in existing machines. This will significantly lower the costs for companies who want to produce sustainable plastic and could eventually lead to replacing a large percentage of traditional plastic with this new sustainable option.


Venture Capital Funding

Traceless has raised 2,8 M US$ in funding, from 4 investors, including the European Innovation Council and HTGF (link interview CEO). Of these are 2,4 mn Euros from the EU. Right now Traceless is looking for investors to build a small scale...

26 Oct 2022This Month in German, Swiss, and Austrian (GSA) Startups - October 2022 Wrap-Up00:25:40

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in October 2022 by Startuprad.io with Chris from Essen, Germany, and Joe from Frankfurt. We recorded this news episode on Thursday, October 20th, 2022.

Our Highlights:

Another one of our former guests gets a Snoop Dog investment. Quick delivery startup Gorillas seems to sell itself to competitor Getir, according to Bloomberg, despite an earlier announcement they are looking for more investments. Gadget rental service Grover adds 270 m € in venture debt, getting it close to 2 billion €. Our former guest Nuri (formerly Bitwala) had to file for insolvency, now investors jump ship and the company is wound down this year. Volocopter is sued by early crowdfunding backers, Home24 has a takeover offer from a brick-and-mortar furniture retailer and BioNTech takes on cancer. Also, Munich-based travel tech Holidu raises 100 m € in a combination of 75 m equity and 25 m debt funding.


Let’s talk startups:


Our Enablers

Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/


Tvarit

Tvarit is an industrial ai startup, that helps companies to reduce rejections by 40%-60% in metal casting, as well as saving up to 18% on energy. Learn more here: https://www.tvarit.com/


Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:


Tech Startups Germany - Startups and Venture Capital


Startupraven.com

The best way to identify investors and cooperation partners for early stage startups. Sign up for early access here:


Startup Raven


Top News

Europe’s Largest Cannabis Funding To Date

Europe’s largest cannabis funding to date: Snoop Dogg-backed German cannabis startup gets $37.6M Series B led by British American Tobacco


learn more about the Entrepreneur of the Year 2021 (German Startup Awards) founder Finn Age Hänsel in our interview


Gorillas May Soon Be Bought By Getir

Delivery Startup Getir in Advanced Talks to Buy Gorillas (Bloomberg). They write:


  • “Proposed deal for Gorillas would be a mix of cash and equity


  • The combination would give Getir, which is backed by Mubadala Investment Co. and Sequoia Capital, scale in key European markets including the UK and Germany.


  • Gorillas had previously held talks with a number of competitors about the prospects for a merger or sale of its business, people familiar with the matter said previously.


  • Chief Executive Officer Kagan Sumer said earlier this year that he planned to look for new financing to recalibrate the company to work toward profitability.”


Grover Takes Home 270 m €

As consumer spending tightens, yet appetites for tech remain the same, Berlin-based Grover sees an uptick in rental interest and is now bringing its debt...

19 Oct 2022Meet Tvarit - Hidden Industrial AI Champion Making Manufacturing Sustainable00:34:10

Executive Summary

The industrial ai startup Tvarit is focused on optimizing the process of casting metals. This process is abundant for parts in robots, cars, all kinds of machines, and heavy equipment. With their approach they help their clients save up to 18% of their energy bill, increase production quality and lower the wastage of the process. Tvarit has raised almost 3 million in funding since our 2019 interview and is looking for Series A funding. Suhas founded 17 startups prior to Tvarit, with this being startup №18, for which he sees the potential to become a unicorn. We’re excited to see how Tvarit will develop industrial ai further and help factories across the world save money and produce better quality products.

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The Authority on German, Swiss and Austrian Startups | Linktree


Our Enablers

Our Sponsor Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/


Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:


Tech Startups Germany - Startups and Venture Capital


The Founder

Suhas is a serial entrepreneur who has founded 18 startups, including his last one Tvarit in Frankfurt. Tvarit is an industry 4.0 AI startup that Startuprad.io has been following since 2019. Suhas is an engineer by training (ISEP in Paris). Suhas has worked for more than 12 years for Qualcoom and other companies before becoming an entrepreneur. He has been (co)founding industrial companies and startups in Europe and India already in the past, so this is nothing new for him.


In this interview we focus more on the development of Tvarit, for everyone who likes to learn more, we will also link the October 2019 interview in our blog post.


The Startup

As industry 4.0 and the industrial internet of things (IIoT) continue to evolve, so too does the potential for artificial intelligence (AI) in manufacturing. Manufacturers are already using AI-powered robots for tasks like welding and fabricating, and the technology is quickly being adopted across the industrial sector. One area where AI is making a big impact is in metal casting. By analyzing data from the casting process, Tvarit can help to optimize production and improve quality control. As a result, factories that adopt AI-powered metal casting solutions are able to produce parts more efficiently and with fewer defects and less energy. Tvarit is one company that is leading the way in this area, and its industrial AI software is helping manufacturers around the world to improve their operations.


All Links and Show Notes

Here is our blog post:

13 Oct 2022Berlin-based Green Startup Trilleco is on a Mission to help Businesses Analyze and Manage their Environmental Impact00:34:16

Executive Summary

Berlin-based green startup Trilleco is on a mission to help businesses analyze and manage their environmental impact, with their industrial IoT data platform. The startup's non-code data platform makes it easy for companies to see how they can reduce their carbon footprint and make positive changes for the environment. Female co-founder Miriam Janke is passionate about helping businesses operate in a more sustainable way and contribute to the goal of limiting global warming. In addition to reducing greenhouse gas emissions, Trilleco is also working towards a circular economy where resources are reused instead of being thrown away. Through its innovative platform, Trilleco is helping businesses make meaningful progress towards a more sustainable future.

This interview is part of our female entrepreneurship track, where Joe is sick leave cover for Johanna.

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A startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance.

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Our Sponsor Younium

Younium is the subscription management and billing platform for B2B SaaS. Younium brings the transformative infrastructure to manage and grow your business while you focus on the things that matter. https://www.younium.com/

The Founder

Miriam Janke (https://www.linkedin.com/in/miriam-janke/) is an inspiring young female founder who has co-founded green startup trilleco to work on a better future. She is currently with her startup in the Paris TechStars accelerator, where she is working on developing her green business goals. Miriam is a TEDx speaker on environmental protection and has spoken widely about the need for more female entrepreneurs in the green business space. Her work with trilleco is helping to make the world a cleaner and more sustainable place, and she is an inspiration to other young women who are looking to make a difference in the world. We can all learn from Miriam's example and be inspired by her commitment to making a difference.

The Startup

Trilleco (https://www.trilleco.com/) is a green startup based in Berlin that has developed a data platform to help industry 4.0 become more sustainable. The platform makes data from the company accessible and makes the environmental impact visible to enable the company to manage it. The company's goal is to help reduce the environmental impact of industrial IoT by making it easier for companies to adopt green practices. Trilleco is one of the first companies to offer a no-code data platform that makes it easy for companies to get started with green practices. The company has ion the EIT Manufacturing program and is currently part of the TechStars Accelerator in Paris.

Trilleco is Hiring

They have offices in Finnland, Germany and Spain. They also operate in Austria, Switzerland and Italy. You can learn more about them here: https://www.trilleco.com/careers

...
28 Sep 2022This Month in German, Swiss, and Austrian (GSA) Startups - September 202200:25:53

Our highlights:

Germany is preparing for a potentially rough winter, in many ways. Now Environmental Action Germany (Deutsche Umwelthilfe): Asked Germans not to put up any Christmas lights this season. Startups in GSA keep laying off staff, but also raising significant funds. We have our usually shortened list a bit longer this month, to show that it is not all gloom and doom here. You will also notice that the M&A activity is up, totaling 55 bn US$ in summer 2022 (for all of Europe), and is still going strong.

Let’s talk startups:

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Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here:

Startup Raven

Blog Post

Find all links, news and show notes here: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-september-2022-53339fae6ca7

Top News

Berlin’s Everphone extends Series C to $232M

Everphone started with their first fundraising for Series C in December 2021 and now make an additional closing of 32 mn Euros, which totals — according to PitchBook 232 m US$ Series C for their device-as-a-service model

Crypto Boom is slowing

European crypto app downloads have almost halved from 2021 amongst the biggest drops are Blockchain.com and unicorn Bitpanda.

Sifted writes “Beleaguered Austrian crypto trading platform Bitpanda saw a 65% decrease in app downloads from 563k in H1 2021 to 197k in H1 2022. In June, the company laid off a third of its employees, admitting that it had hired too fast and needed to cut back expenditure amid the crypto market rout.” VCs keep an eye on their investments and the app downloads are a proxy for growth here for them.

Insolvencies hit household names

Yes, they are not startups, but it gives you a great overview of the current environment, also for the startups

  • Automotive supplier Dr. Schneider has to file for insolvency with 4000 people employed there
  • Shoe retailer Ludwig Görtz is a staple in German shopping streets founded in 1875 with their big stores and 1.800 employees, now they have to file for insolvency
  • German toilet paper producer Hakle is a household staple in Germany. Now they have to file for insolvency, due to high costs of raw materials, energy, and transportation
  • Traditional Austrian lighting company Kolarz, founded in 1918, has to file for insolvency

Podcast monetization is getting serious with international involvement

Lots of mergers in monetizing podcasts, the first Julep from Munich was bought by Libsyn and now London-based Auddy buys Vienna-based Audiomy

More firings :-(

Keep in mind here, that most startups are likely not in financial trouble, but they rather try to extend the money they have already raised. The consensus seems to be cutting 15–20% of the workforce for most startups.

  • Berlin-based escooter company Tier fires...
08 Sep 2022Meet COMPREDICT, the Startup Where Blackberry and Michelin Invested00:20:28

Executive Summary

COMPREDICT is a Darmstadt, Germany-based deep tech startup, offering virtual sensors for cars. They already convinced Michelin and Blackberry to invest, so we thought it would be about time to catch up with the team around Rafael.

Virtual sensors in a car take data from physical sensors and fuse them to generate additional measurements.Rafael Fietzek, MD and Co-Founder COMPREDICT

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Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://techstartups.sounder.fm/

A normal car has four physical wheel speed sensors to measure each wheel. With us, you need only two physical sensors and save money.Rafael Fietzek, MD and Co-Founder COMPREDICT

Feedback

We are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! You can also suggest topics or interview partners that you’d like featured on future episodes by leaving a comment below — we would love to hear from YOU!!!

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Blog Post with Links and Show Notes

Find it here: https://medium.com/@startuprad_io/meet-compredict-the-startup-where-blackberry-and-michelin-invested-15b6f4aa6c70



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04 Sep 2022Startup News GSA - Summer Wrap-Up (July & August '22)00:38:44

Our Highlights

Startups in GSA did better than expected. We had a few insolvency filings, but also amazing fundraisings like Celonis 1 bn US$ combination of equity and debt funding. Insuftech Wefox raises 400 m. One can already see the signs of a downturn, M&A activity going up, as well as the news about insolvencies or job cuts/ hiring freezes. But — according to a Bikcom survey — 8 out of 10 startups are still hiring. Deal time our recent guest Qonto buys former guest Penta and there was more in a B2B neobank deal week. Even Allianz had to learn, that one can not buy fintech success and there is more news on Wirecard.

We will also bombard you with funding data on Germany, Austria, and Switzerland, as well as global numbers. Keep in mind you can read all our news on our blog https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-summer-2022-wrap-up-603e2c1939ae

Top News

Celonis Secures 1 bn US$ Funding

Celonis remains a success story with a 400 million Series D extension and a 600 mn US$ credit facility, at a valuation of nearly 13 bn US$. They are cementing their spot as Germany’s most valuable startup as well as its only decacorn. They do process mining and help to identify unrealized efficiencies. Right now, they’re helping with supply chain issues, for example.

Despite Market Conditions, WeFox Closes 400 m US$ Funding

Wefox, the Berlin-based insurtech, closes USD 400 million Series D round at 4.5 bn Dollar valuation

One Former Guest Has to File for Insolvency


Neobrokers Facing Headwinds

  • Neobrokers close to the edge: No good news from the SEC report on the poster child of all neo-brokers. Unfortunately, there is no report for Germany mentioning e.g. Trade Republic
  • Robinhood almost imploded during GameStop meme stock chaos — TechCrunch
  • Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood — BloombergWhat does this mean for BitPanda, Trade Republic, Scalable Capital, and N26? Do they also need to look for a strategic buyer rather than an IPO?

B2B Neobanks Had a pretty big Deal Week

Qonto Announces Plan to Acquire Penta https://buff.ly/3zwPCI3 as we have predicted two weeks before https://buff.ly/3zxUSeH we have extensive coverage of Penta from the past linked in the article, as well as an interview with Qonto’s head of Germany. Also Kontist was selling itself at a pretty hefty discount https://buff.ly/3c9pmuF

Viability of Quick Delivery Business Model still Questioned

  • After only one year: Gorillas is closing shop in Belgium. Efarmz is taking over parts
  • Gorillas wants to save itself with advertising from consumers and food giants of the world, the producer of the products they are delivering every day
  • More signs of the current economic environment for startups: Munich-based quick delivery startup arive delivers tech gadgets and lifestyle products. They just had...
27 Jul 2022Asvin Provides Cybersecurity for the Internet of Things00:34:18

Starwars fans may remember that death star was destroyed due to a data leak.Mirko Ross, Founder and CEO ASVIN, Podcaster Hackwerk

Executive Summary

We interview Mirko, CEO of Asvin a cybersecurity startup. During the interview, we touch on data leaks in Star Wars, vulnerabilities in IoT, IoT devices, software, supply chains, distributed systems, and even in space (think cube satellites). ASVIN provides many tools to uncover and fix these vulnerabilities. Mirko is also a cybersecurity podcaster at Hackwerk, which you can also hear on our internet radio station www.startup.radio.

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Botnet operators can take over millions of devices by simply scanning the internet and following up with a brute force attack.Mirko Ross, Founder and CEO ASVIN, Podcaster Hackwerk

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13 Jul 2022Instigo Started on its Way to Become an Autonomous Growth Hacking Ad Platform for Digital Marketers00:29:55

Executive Summary

Instigo is a multi-platform marketing tool, based in Vienna. Dror has been a marketing manager, working across multiple platforms. With this experience, he set out to create a platform that allows advertising frictionless, with consistent data across as many platforms as possible. They already made the first steps and convinced the first investors.

Managing marketing platforms across 6–7 platforms is very challenging. … We wanted to create a growth marketing tool for marketeers like us.Dror Hasman, Co-Founder

Find all the links and show notes here: https://medium.com/@startuprad_io/instigo-started-on-its-way-to-be-the-one-ads-platform-to-rule-them-all-5228649504e5



This podcast uses the following third-party services for analysis:

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30 Jun 2022This Month in German, Swiss, and Austrian (GSA) Startups - June 202200:29:11

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in June 2022 by Startuprad.io. My co-host is again Chris from New York. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner station IBGR.Network.

We recorded this new episode on Monday, June 27th, 2022. Keep in mind, that we will have a summer break and be back for you with another news episode on Labor Day, which is September 5th, 2022. In this episode, we will wrap up July, and August.

As always: All news not yet included here will be published in our next news episode in September.

We will also slightly change our publication schedule for this July and August, mostly going to one publication every two weeks. You can keep up to date with our Google Calendar for all publications.

Our highlights:

Startups in GSA also shedding headcount, including unicorns that recently raised money. All signs point towards them extending their runway, expecting a recession. Some startups face a challenging fundraising environment, but others like WeFox want to almost double their valuations. Also, Personio and Trade Republic raise additional funds.

In our “stay ahead of the curve” section, we have a lot of articles an entrepreneur should read to prepare for the potential downturn.

German economic minister Habeck is unveiling his new startup strategy, considering even a minimum investment in VC Funds for German insurers and pension funds.

The fast delivery startups seem to hit a wall and even formerly mighty Gorillas now explores strategic options.

Let’s talk startups: https://medium.com/@startuprad_io/this-month-in-german-swiss-and-austrian-gsa-startups-june-2022-2651b2b64fe



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25 May 2022This Month in German, Swiss, and Austrian (GSA) Startups - May 202200:29:55

Welcome to This Month in German, Swiss, and Austrian (GSA) Startups in May 2022 by Startuprad.io — in a news recording with Christian Fahrenbach from New York City and Jörn Menninger, from Frankfurt. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, and our partner IBGR.Network.

We recorded this news episode on Thursday, May 19th, 2022. The next news will go live on June 30th. Keep in mind, that we will have a summer break afterward and be back for you with another news episode on Labor Day September 5th, 2022. In this episode, we will wrap up July, and August.

As always: All news not yet included here will be published in our next news episode in June.

We will also slightly change our publication schedule in the summer — as we have done before. For July and August, we will only post a new episode every other week (July 14th, 28th, and August 11th, as well as August 25th). We will be back to normal at the start of September.

We also partner with Artic 15 you get a discount with our code in the show notes at www.medium.com/startuprad-io

  • Artic15 startupradio

Our Highlights:

We can proudly announce unicorn No 29 Taxfix, No 30 Onefootball and on the downside, RaisinDS loses its unicorn valuation. Really bad news for car sharing: BMW and Mercedes pull the plug on their joint venture. Our 2018 guest ProGlove is sold in a 500 m € deal (525 m US$) and Orderbird is sold in a 100 m € deal (105 m US$). Other unicorns are currently on the hunt for new capital and feel the heat of the current funding environment.

Let’s talk startups:

Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany This is Tech StartUps Germany by Startuprad.io, a global top 125 Tech Podcast. You will find interviews with all sorts…techstartups.sounder.fm

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here:

Startup Raven Welcome! We know the time-consuming process of approaching investors and companies can be tedious, so we do it for you…startupraven.com

Find all news and show notes here: https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-may-2022-de23cf4942e3



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29 Apr 2022This Month in GSA Startups - April 202200:28:54

Welcome to This Month in GSA Startups in April 2022 by Startuprad.io — in a news recording with Christian Fahrenbach ”Chris” from New York City today and me Jörn Menninger “Joe”, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio, the blog Fundscene, and our partner IBGR.Network.

We recorded this new episode on Monday, April 25th, 2022. The next news will go live on the 26th of May, the day we celebrate fathers day in Germany. For this reason, we have at this date two publications: the news and an episode on men’s health.

As always: All news not yet included here will be published in our next news episode.

We also partner with the EU-Startups Summit and Artic 15 you get a discount at both events with our codes in the show notes www.medium.com/startuprad-io. You can meet Joe in person in Barcelona at the EU Startups Summit on May 12th and 13th.

The discount codes are:

  • EU Startups STARTUPRADIO20
  • Artic15 startupradio  

Our highlights:

Despite slightly declining global VC investments GSA still generates Unicorns. This time we welcomed Grover and Choco officially into the league. Swiss Beqom is not confirmed, but also a massive investment. Apple and Porsche are rumored to work together on joint projects. Gorillas is looking for funding again, after raising a billion US$ (850 m Euros) in September 2021. Germany’s second most valuable fintech Mambu had to publish numbers. The corona patron registration app Luca first boomed during the lockdown, then their data protection was questioned, now they pivot to a fintech with the backing of investors including the Wefox founder.

Let’s talk startups:

Find all the links and show notes on our blog www.medium.com/startuprad-io



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13 Apr 2022CO2BIOCLEAN turns CO2 into Biodegradable Fiber That can be used in Clothing00:26:19

CO2 is a very clean way to produce biopolymers.Fabiana Fantinel, MD and Founder CO2BioClean

This is our first in-person interview since the breakout of the corona pandemic in early 2020, made possible by Hessen Trade and Invest with their brand Invest-In-Hessen.com.

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We start with CO2 and at the end of our process … there are polymers that can be used like plastics.Fabiana Fantinel, MD and Founder CO2BioClean

Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here:

Tech Startups Germany

When you have something biodegradable, it will be lasting less than 6 months in the water.Fabiana Fantinel, MD and Founder CO2BioClean

Startupraven.com

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The Founder

We interview Fabiana Fantinel (https://www.linkedin.com/in/fabiana-fantinel-33a24110/), an Italian, who founded her company CO2Bioclean (https://co2bioclean.com/) in Frankfurt. She has a Ph.D. in Chemistry and her Post-Doc at the Max Planck Institute brought her to Germany. She also holds an MBA.

Our process is already patented. … currently, our efforts are in working on the scalabilityFabiana Fantinel, MD and Founder CO2BioClean

The Startup

The startup CO2Bioclean is a green startup. They use CO2 to turn it into polymers that can be used like plastics but are biodegradable. The startup just received EU funding to start a small-scale plant to improve its patented process and work on its scalability.

Our material will last less than one year in the environment.Fabiana Fantinel, MD and Founder CO2BioClean

Venture Capital Funding

Received 6.6 mn Euros in total from European Innovation Council (EIC) Accelerator https://www.deutsche-boerse-cash-market.com/dbcm-de/newsroom/fokus-news-list/EU-Accelerator-f-rdert-drei-Bio-konomie-Start-ups-2914060 They will use the funding to start a first production facility to demonstrate the technology at industrial scale.

There will be additional funding round to start the production at an industrial stage, likely starting in 2023.

There is no microplastic from our material lasting for years in the ocean.Fabiana Fantinel, MD and Founder CO2BioClean

Find all links and show notes on our blog www.medium.com/startuprad-io



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30 Mar 2022This Month in GSA Startups - March 202200:34:06

Welcome to This Month in German, Swiss and Austrian (GSA) Startups in March 2022 by Startuprad.io — in a news recording with Chris — not from New York City today and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio and our partner IBGR.Network.

We recorded this new episode on Monday, March 21st, 2022. The recording is one week earlier than usual, due to the travel schedules of Chris and me.

As always: All news not yet included here will be published in our next news episode.

Our Enablers

Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://techstartups.sounder.fm/

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/

Our highlights:

We have the 100 most influential women in startup and venture capital in Europe. There are two new unicorns to announce in GSA. Unicorn Personio set up a charity fund and Germany’s largest fintech exit (at approx 1 bn US$) is in the making. We have an exclusive interview with the CEO in charge for almost 40 minutes from July 2021. We try to touch on the Russian invasion in Ukraine as lightly as possible, only when it impacts the GSA startup scene since you get more than enough news about this tragedy on ANY OTHER outlet. Please note that this does not mean we don’t care, but it is not our area of coverage. We are also talking about delivery startups and again Wirecard. Not surprisingly, Wirecard will keep the German courts busy for years to come.

Let’s talk startups:

Find all links and show notes here: https://medium.com/startuprad-io



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17 Mar 2022Inside of the Mind of a Blockchain Investor00:36:55

People talk today about the crypto winter, but I went through the time after the Dotcom Bubble burst and there are a lot of similarities here. Wolfgang Männel, Blockchain Investor

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A few years ago, I was attracted by the opportunities the blockchain offers. Wolfgang Männel, Blockchain Investor

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As a blockchain investor I am currently looking at … 1) Everything that is happening in the DeFi space, especially the new ways of money transfer. 2) The Gaming Sector. It is a market with 3 bn people 3) Metaverse… it maybe a big failure or a big success. There is a fair chance it becomes huge 4) IoT security. For example, a car currently has more than 200 IoT devices. 5) The whole world of financial services, including insurance. Just look at the back offices of asset managers.

Wolfgang Männel, Blockchain Investor

The Investor

Wolfgang Männel (https://www.linkedin.com/in/wolfgang-maennel/) has been working for 30+ years. He was born and raised in Franconia (https://en.wikipedia.org/wiki/Franconia), close to Nürnberg in Germany. Wolfgang started out in sales, started an agency and joined a consultancy (today Capgemini Invent). Surprisingly he had also a stint at a radio station, focused on classical music called Klassik Radio (https://www.klassikradio.de/). Klassik Radio is also the only public listed radio station in Germany. In between he was also an investor with 3i Group, at the time active in venture capital and private equity. He has also been an investor in turn-around cases during the subprime crisis.

If you have seen many crises before, you know how to react. I remember the 1987 Russian crisis, the Dotcom Crash, and more. … It was always followed by a long phase where it as difficult for startups to get any kind of financing. It took years to recover … but the only way after all the crisis was up. The valuations always went up after the recovery Wolfgang Männel, Blockchain Investor

He is the co-founder (senior partner) of Blockchain Founders Group BFG, a company builder and venture capital investor. You can apply here: https://www.f6s.com/ look for block rocket.

We are looking to be the first or second money in, even pre-revenue. Most companies we invest in have an MVP. Wolfgang Männel, Blockchain Investor

Further Readings / Additional Resources

· 1987 Dissolution of the Soviet Union: https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Union

· Dot-com bubble https://en.wikipedia.org/wiki/Dot-com_bubble

· Sub-Prime Mortgage Crisis https://en.wikipedia.org/wiki/Subprime_mortgage_crisis

· Here is the personality test 16 personalities: https://www.16personalities.com/

I turned to turn-around investing at the time of the sub-prime crisis. Wolfgang Männel, Blockchain Investor

Feedback

Reach out to us, here is our audience survey, to give us feedback,...

03 Mar 2022Qualifyze Makes Supply Chains in Life Science And Chemical Industry More Transparent00:35:22

"We buy the on-site data from a good auditor and re-sell the data to other customers of this supplier."David Schneider, CEO and Co-Founder Qualifyze

Our Enabler Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://techstartups.sounder.fm/

"I approached the company for an investment, and they sent me the chief of staff to vet the company. Over a few beers he decided to join me as co-founder, but the company never invested."David Schneider, CEO and Co-Founder Qualifyze

The Founder

This time our guest is David Schneider (https://www.linkedin.com/in/%F0%9F%87%BA%F0%9F%87%A6dr-david-schneider-1100a066/), Founder and CEO of Frankfurt-based Qualifyze (https://www.qualifyze.com/), a startup that helps in the chemical and pharma industry with audits. David did see a lot of places while studying in the Netherlands (Maastricht, Rotterdam), National University of Singapore and Università Bocconi in Italy. He was also and intern with JP Morgan in investment banking in London, Rothschild in Frankfurt, or BASF in Ludwigshafen. Before starting his own company, he was working as a consultant for more than 3 years. He tried to attract investment from a steel trading company, and he convinced the person the company sent to become his co-founder.

The Startup

Qualifyze (https://www.qualifyze.com/) started out as a marketplace for commodity chemical products, called ChemSquare in 2017. They soon realized that in the chemical and pharma industry the required suppliers’ audits are a big hassle and they pivoted to help their clients with digitizing them. These audits are essential for supply chains in the chemical and pharma industry, where faulty ingredients can lead to deaths or damage to equipment or nature.

"We decided to get the supplier qualification on our platform to make the chemical platform work and it turned into a new business model." David Schneider, CEO and Co-Founder Qualifyze

Venture Capital Funding

They raised a Series A funding round, led by HV Capital of 14 mn US$, which was disclosed in November 2021.



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24 Feb 2022This Month in GSA Startups - February 202200:29:59

Welcome to This Month in GSA Startups - meaning Germany, Austria and Switzerland, for February 2022 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in syndication with our very own station www.startup.radio, our partner station IBGR.Network and the Fundscene blog.

We recorded this new episode on Tuesday, February 22nd, 2022. Today we bring you everything from a new Switzerland-based unicorn to a new take on quick delivery - pardon the pun.

We start out with mega-deal in Gaming: ESL Gaming is sold for 1bn US$, Munich-based Fintechsystems is sold for 120 mn € and Aachen-based Next Ego may accomplish THE turnaround of the whole year, coming out of insolvency, they are looking to list via SPAC, valued at 1.5 bn €. Switzerland has a new unicorn, congratulations to Scandit, Gorillas wants to buy a french competitor and is thinking about a SPAC deal. Also, we have a large update on neobanks in Germany, and they are not all doing well.

Let's talk startups:

https://medium.com/@startuprad_io/this-month-in-gsa-startups-february-2022-44520c52b1eb



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10 Feb 2022What We Have Learned from Atomico's State Of European Tech Survey00:36:01

A Joint Audio-Only Podcast

This is the first joint radio program and podcast of IBGR and the Startuprad.io podcast with its radio program Startup.Radio. You may know that IBGR and Startup.Radio are syndication partner, almost from the start of Startup.Radio. I, therefore, welcome William Eastman, founder of the IBGR Network, everybody calls Bill.

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What we have learned

Today we bring you insights from Atomico’s State of European Tech 2021 - an annual survey of startups all over Europe taking place annually since 2015. This survey may be the most comprehensive, repeated overview of the European startup and tech scene. This survey is a joint endeavor by Atomico, a London-based VC and PE fund, as well as the annual Slush tech festival in Helsinki, Finland. And, guys, you know a tech festival has to be good, if it can lure people to the freezing cold Helsinki in December. They also add data from providers like S&P and Dealroom in the mix. Startuprad.io had Dealrooms Founder in an interview btw.

This is just a start

This is just a starting point for you to discover the whole report on your own. It spans more than 350 pages, so we can not give you all the information here. The bottom line is … I would say: The whole continental ecosystem all over Europe has been lacking behind the US and China for quite some time. It looks like they have started to catch up in a big way, despite corona. We see this in increases in the number of investors, startups, fundings (number and size), and the increase in the uni/decacorn herds. The authors see a potential for the whole ecosystem that is now worth 3 Trillion US$ to be worth 24 Trillion US$ in 2030.

Learn More here:

https://www.startuprad.io/blog/what-we-have-learned-from-atomicos-state-of-european-tech-survey-audio-only/

Feedback is always welcome:

Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” Google Form for Feedback



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02 Feb 2022Solytic Helps the Small Solar Investor to Play With the Big Guys00:29:38

We focus on everything, besides the large solar parks, which is actually 99% of the overall market. Johannes Burgard, Founder and CEO of SOLYTIC

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The inefficiencies of small solar installations … kind of smacked me in the face. Johannes Burgard, Founder and CEO of SOLYTIC

The Founder

We talk to Johannes Burgard (https://www.linkedin.com/in/johannesburgard/), CEO and Founder of Berlin-based SaaS startup SOLYTIC (https://www.solytic.com/). Johannes started out with studying engineering, with stints in Chile and London. After graduation he worked at Airbus, did an MBA and then started out with his entrepreneurial journey. Johannes had his first contact with solar cells during his graduate studies, which really did not let him go afterwards. He worked in a large corporate in project efficiency, which made him aware of all the inefficiencies in small solar installations. To help the small solar owner he decided to found SOLYTIC.

We analyze the performance and efficiency of small solar installations with our analytics software. Johannes Burgard, Founder and CEO of SOLYTIC

The Startup

SOLYTIC (https://www.solytic.com/) is a software-only company. They provide analytics services to small PV installation owners as Software as a Service, to improve effiency. The company merged early on with another solar software company, which lead to five founders in total.

Solytic focuses on decentralized solar installations (everything except large solar parks).

We want to provide an end-to-end solution. We offer a marketplace with suppliers connected to the analytics software. Johannes Burgard, Founder and CEO of SOLYTIC

Venture Capital Funding

Solytic has already raised 6,5 mn Euros Venture Capital. They closed their first round in December 2017. They closed their Series A funding in February 2020. At the time of the interview Solytic is fundraising and they intend to close the round at the end of Q1 2022.

We work B2B. We don’t approach customers directly, but we are working with the service providers of the small installation owners. Johannes Burgard, Founder and CEO of SOLYTIC



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26 Jan 2022This Month in German Startups - January 202200:30:40

This Month in German Startups - January 2022

Happy New Year guys! Welcome to This Month in German Startups in January 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main. This recording is sponsored by Invest-in-Hessen and Startupraven.com. It is in radio syndication with our very own station www.startup.radio and our partner IBGR.Network.

We recorded this new episode on Monday, January 24th, 2022. All news not yet included here will be published in our next news episode. There will also be a special episode on Atomico’s State of European Tech 2021 together with Bill, the founder of the IBGR Network, as an audio-only podcast.

This is a new year with 365 blank new pages, so let's write the best story possible.

Our highlights: The last year was amazing for the German startup scene, there are now officially 25 unicorns and we feel that there will be more. 60 mn for sunfire from the federal government, Go Student’s tutors and students start to critique the company, Tado is looking to IPO via a SPAC. Also Cherry Ventures had been good in snatching up stakes in unicorns early. Now Cherry raises their 4th fund.

Let's talk startups:

Tune in to our Internet Radio Station here:

www.startup.radio

Startuprad.io is globally a Top 75 Science Podcast, Top 125 Tech Podcast, and Top 650 Business Podcast (Chartable.com)

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Our EnablersInvest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany

Startupraven.com

The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here: https://startupraven.com/

All show notes and news links are here: https://www.startuprad.io/blog/this-month-in-german-startups-germany-austria-switzerland-january-2022/



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19 Jan 2022Meet Read-O, the Spotify for Books00:25:33

We try to do for books, what Spotify is doing for music and Netflix is doing for movies: A personalized recommendation. Ben Kohz, COO and Co-Founder READ-O

Tune in to our Internet Radio Station here: https://www.startup.radio/

There are over 70.000 newly released books in Germany alone each year. How can you find the next book to read? Ben Kohz, COO and Co-Founder READ-O 

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There were years in my life – around the Harry Potter time – I read a lot of books. I stopped because I could not find more books to read. Ben Kohz, COO and Co-Founder READ-O

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We assume there are more than one million reviews for Harry Potter and the Philosopher's Stone (Book 1) alone. Ben Kohz, COO and Co-Founder READ-O 

Partnership with CONTENTshift

This interview is in association with CONTENTshift, the accelerator program of the Association of the German Book Publishers & Booksellers. You can learn more here https://www.contentshift.de/. The winners are announced during the Frankfurt Book Fair each year https://www.buchmesse.de/en. The accelerator program aims to push the boundaries of publishing.

The next application phase is just around the corner. Have a look: https://www.contentshift.de/en/contentshift/news/two-startups-share-first-prize-at-contentshift-2021-congratulations-to-bottalk-and-read-o

We tried to find out, why do you read? … You want to feel emotions. … So, we want to find out which emotions are stimulated by which books. That is why we came up with an emotional profile. Ben Kohz, COO and Co-Founder READ-O 

The founder

We interview Ben Kohz COO (https://www.linkedin.com/in/ben-kohz-547024137/) and Co-Founder of READ-O (https://read-o.com/), one of the two winners of the 2021 CONTENTshift accelerator program. Ben studied political sciences but ended up in the food industry after graduation. He started to put up vending machines for farm produce in Munich.

We are currently working in German, but our AI can analyze more languages. Ben Kohz, COO and Co-Founder READ-O 

The Startup

The startup READ-O (https://read-o.com/) is an app, that allows you to discover new books, based on administration. The app does this by applying AI. The AI of READ-O deduces an emotional profile of a book from the reviews on the internet. With their technology, they can establish a profile with even 10 reviews.

Each review for us has the same value, from a normal person or the New York Times. Ben Kohz, COO and Co-Founder READ-O 

Venture Capital FundingREAD-O is currently raising close to 1 mn US$ in new funding. Half is already committed. They want to finish fundraising end of March.

Our AI analyzes the reviews and the contained emotions. Ben Kohz, COO and Co-Founder...

13 Jan 2022AskBrian is the Digital Assistant All Busy Professionals Need00:24:43

"If you can order a pizza with an AI bot, … you should also be able to order the analysis of a company with an AI bot." Pavol Sikula, Founder and CEO AskBrian.ai

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"The first skill was actually “AskBrian, tell me a joke”" Pavol Sikula, Founder and CEO AskBrian.ai

Our Cooperation with the German AI Association (KI Bundesverband)

This is the first interview in our series with the KI Bundesverband (https://ki-verband.de/en/), Germany’s association for artificial intelligence. The association has 350 members consisting of startups, experts, and corporates. KI Bundesverband is therefore one of Germany’s largest associations dedicated to AI, with members from AgTech, Fintech, BioTech, Cybersecurity, Manufacturing, Logistics, and many more fields of business. In the interview series, we will have members of the association giving you a glimpse in what is going on in AI in Germany.

The Founder

Our interview guest this week is Pavol (https://www.linkedin.com/in/pavol-sikula/), CEO and Founder of AskBrian (https://www.askbrian.ai/) a virtual AI assistant for professionals. The idea of AskBrian stems from Pavol’s background in management consulting, where he spent more than a decade with Roland Berger and Stern Steward & Co, in restructuring. In his spare time, Pavol is also a kid’s soccer coach.

"All of our data is securely hosted, GDPR compliant, in Germany." Pavol Sikula, Founder and CEO AskBrian.ai

The Startup

AskBrian is the AI assistant for busy professionals like management consultants or investment bankers. It helps by automating everyday tasks like listed and private company profiles, translations in multiple languages, making PowerPoint more attractive, and converting documents e.g. PDFs and Pictures to the format of your choice e.g. Word.


Venture Capital Funding

AskBrian closed already two funding rounds, for undisclosed amounts. They intend to raise another funding round in Q1 2022.

Original Post

Find all links and show notes on the original post here: https://www.startuprad.io/blog/askbrian-is-the-digital-assistant-all-busy-professionals-need/



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23 Dec 2021This Month in German Startups - December 202100:30:37

HoHoHo Welcome to This Month in German Startups in December 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.

We recorded this new episode on Monday, December 20th. All news not included here will be published in our next news episode. There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. Happy Holidays!

We are not there yet, so let's get started:

Today we bring you another new unicorn, a monster funding of 266 mn US$ at Mambu, Volocopter calls off its SPAC IPO and gets a backlash from its early crowd investors, also Jokr is now the 3rd quick delivery unicorn - in record time - and we have an update on Sono Motors. We also take a look at the State of European Tech survey by Atomico and several news pieces on the German Venture Capital Market, as well as VC in general.

Let's talk startups:

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This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany

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Find all links and extensive show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-december-2021/

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14 Dec 2021Cogia Just IPOed And Wants to Use the Access to Capital to Drive Market Consolidation00:26:27

“To accelerate our growth, we need to buy companies” Pascal Lauria, founder and CEO Cogia Our Sponsor Invest-in-Hessen

This show was made possible by Hessen Trade and Invest with their brand Invest-in-Hessen. You can learn more about them here (https://www.invest-in-hessen.com/). We also run a dedicated sub-podcast with all interviews and news in cooperation with them. Find it all here: https://anchor.fm/techstartupsgermany

“My goal is 10 mn Euros revenue. To reach this we need to keep buying [companies]” Pascal Lauria, founder and CEO Cogia The Founder

Pascal Lauria (https://www.linkedin.com/in/pascallauria/) has a very diverse background, raised in the Rhine-Main-Area his studies took him to Canada. He later worked in Taiwan, Silicon Alley (New York’s startup hub) and in Silicon Valley. He took his experience to go back to Frankfurt and set up Cogia there (https://www.cogia.de/?locale=en_us).

“Acquisitions are not always successful. We are very aware of that. We are working on it. For example, in our last acquisitions, we did not lose even one employee.” Pascal Lauria, founder and CEO Cogia The Startup

Cogia Intelligence (https://www.cogia.de/?locale=en_us) is a big data, ai startup. It provides in its current setup innovative products and solutions in the areas of web and social media monitoring, market research, and open-source intelligence. The company Cogia GmbH is the startup, the company Cogia AG is the listed entity. Pascal started Cogia in 2010 but listed Cogia AG only in 2021 in Düsseldorf. Then the two entities merged and so Cogia GmbH got listed. You can learn more about the listed entity here: https://cogia.ag/de/investor-relations/

“With the access to capital markets I want to do one to two acquisitions per year.” Pascal Lauria, founder and CEO Cogia

Find all links and show notes here: https://www.startuprad.io/blog/cogia-just-ipoed-and-wants-to-use-the-access-to-capital-to-drive-market-consolidation/

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25 Nov 2021This Month in German Startups - November 202100:23:36

Welcome to This Month in German Startups in November 2021 by Startuprad.io - in a news recording with Chris from New York City and me Joe, from Frankfurt am Main.

We recorded this new episode on Friday, November 19th. All news not included here will be published in our December News (to be published on December 23rd). There will also be our annual Fintech Review on December 25th and we will be back with an AI startup interview on January 13th. So we take a few weeks off around the holidays. We are not there yet, so let's get started:

Today we have escooter Tier’s newest funding and acquisition, N26 pulling the plug on their US operations already in January 2022, and the amazing IPO of Sono Motors on NASDAQ. There are also new unicorns, we proudly present Frankfurt’s first unicorn, the insurtech Clark.de. Also, Razor Group (an Amazon shop buyer) becomes a unicorn with a 125 mn US$ fundraising. In November, there is no unicorn tracker. We will keep our eyes open and maybe the next news will have a unicorn tracker companion.

Happy Thanksgiving to our US audience!

Let's talk startups:

Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/

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Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: https://linktr.ee/startupradio

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News Text and Show Notes

Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-november-2021/

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04 Nov 2021LUBIS EDA Maybe a Game Changer for the Semiconductor Industry00:20:40

Our software can assure, that the chip design you approve for production is correct. … we can guarantee that there are no bucks. Tobias Ludwig, CEO and Founder LUBIS EDA Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

I started with HTML and worked my way through to PHP and everything related to web. Tobias Ludwig, CEO and Founder LUBIS EDA Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8

We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

The faster you can get the chips in production, the higher are your profit margins. The first company takes almost all of the profits in this industry. Tobias Ludwig, CEO and Founder LUBIS EDA The Founder

We interview the founder Tobias Ludwig (https://www.linkedin.com/in/tobias-ludwig-5b1274a0/), CEO and founder of LUBIS EDA (http://lubis-eda.com,https://www.linkedin.com/company/lubis-eda/). Tobias has developed software since he was 14, starting out writing websites. Ever since he was working, developing software, and studying. He also spent one year at Michigan State University on an exchange program. The company is an early-stage startup, providing software for the semiconductor industry, likely a game-changer for the industry.

If you have a problem with the design of your chips is faulty, you may only find out after you started production. Than you have to trash all the newly produced faulty chips Tobias Ludwig, CEO and Founder LUBIS EDA The Startup

The software of LUBIS EDA helps semiconductor producers to accelerate their production of new (http://lubis-eda.com,https://www.linkedin.com/company/lubis-eda/). In the chip industry, the first company to offer a new chip gets almost all the profits. Therefore, it is very important for semiconductor producers to be fast. The software of LUBIS EDA helps you to save up to 2 months in your development and assures your chip design is fault-free. With LUBIS EDA there is no need for starting over the chip development shortly before the production is about to start, since an error was discovered.

Conservative time savings estimate with our tool is 10%, which can go up to 20%. This may add up to two months in time savings. Tobias Ludwig, CEO and Founder LUBIS EDA Find all links and show notes here: https://www.startuprad.io/blog/lubis-eda-maybe-a-game-changer-for-the-semiconductor-industry/

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28 Oct 2021This Month in German Startups - October 202100:20:56

This Month in German Startups - October 2021

Welcome to This Month in German Startups in October 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.

We recorded this new episode on October 25th. Note that there is also another episode of our unicorn tracker, getting published along with this episode in order to keep the news brief.

Today we have to announce that N26 reclaimed the title of Germany’s most valuable fintech (but not startup, that is still Celonis), Sono Motors is filing for an IPO in the US - ahead of even delivering their first car -, corona is leaving the first traces in the startup scene, less startups, but more funding for the surviving ones.

Subscribe Here

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Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8

We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

Find our extensive collection of links, sources, and the whole show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-october-2021/

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28 Oct 2021GSA Unicorn Tracker - October 2021 (Bonus)00:11:17

Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).

Guys, it is October, it is getting colder outside and cozier inside, so we bring you another “Doppelpack”of our news recording! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on October 25th, 2021, wrapping up October. This is a Bonus Episode following our special coverage of the unprecedented creation of unicorn startups in the German speaking startup scene!

Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

Find all the links to our sources and the show notes here: https://www.startuprad.io/blog/gsa-unicorn-tracker-october-2021/

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26 Oct 2021A Look Inside the World’s First Law Regulating Autonomous Driving (Bonus Episode)00:29:35

A Look Inside the World’s First Law Regulating Autonomous Driving (Bonus Episode) The law should be the first one to govern autonomous driving globally. Jan-Philipp “JP” Günther-Burmeister, Lawyer Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8

We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

The Expert

This is another episode in our subject matter expert interviews. This time we are joined by Jan-Philipp “JP” Günther-Burmeister (https://www.linkedin.com/in/jan-philipp-g%C3%BCnther-burmeister-4b3421106/), a Lawyer practicing for more than 5 years in Germany.

The New Law

The Federal Ministry of Transport and Infrastructure published a press release: Germany will be the world leader in autonomous driving https://www.bmvi.de/SharedDocs/EN/Articles/DG/act-on-autonomous-driving.html

Together with JP, we are talking about the newest update/amendment / Novellierung of an already existing traffic law. As we will see in the interview, not all aspects are covered yet and complete autonomous driving is not yet permitted, BUT the law allows for semi-autonomous driving with a remote controlling human taking over control if needed.

Lawyers are not sure yet about how many vehicles such a remote operator could control, but more than one is certain. This may open up opportunities for fleets for remote-controlled trucks, buses, cabs, and delivery vans steered by a handful of people with a normal workday, working in shifts from a control center, or even from home.

Find all links and show notes here: https://www.startuprad.io/blog/a-look-inside-the-worlds-first-law-regulating-autonomous-driving-bonus/

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14 Oct 2021Meet Edupression a Vienna-Based App on Prescription 00:26:14

Meet Edupression A Vienna-based App on Prescription A friend of mine suffered from depression and committed suicide. That is what got me started with Edupression Daniel Amann, Co-Founder and CEO Edupression Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

The Founder

In this interview, we talk to Daniel Amann (https://www.linkedin.com/in/daniel-amann-4a1b0711a/), the CEO and Co-Founder of Edupression (https://edupression.com/). Edupression is an anti-depression app from the greater Vienna area. Daniel has a background in financial services, where he held a lot of different positions with companies like Allianz or Raiffeisen International. One of his friends committed suicide, which drew his attention to depression.

So, he co-founded Edupression.

When you have a depressive episode, there is a 50% probability, that you will have another depressive episode. Daniel Amann, Co-Founder and CEO Edupression Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8

We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

The Startup

In total the founding team of Edupression (https://edupression.com/) are 4 co-founders, which spent approx. three years working on Edupression before the interview, including advice from the Medical University Vienna (https://en.wikipedia.org/wiki/MedicalUniversityof_Vienna).

Edupression is a certified medical product, as a stand alone therapy for mild to medium depression symptoms, stand alone or in combination with drugs or psychotherapy. The company plans to have the app available on prescription in January 2022 in Germany and Austria.

In the German-speaking area (Germany, Switzerland, Austria) there are approx. 8 million people suffering from depression. … It is also the same in the US, Canada or developing countries, around 7-8%. Daniel Amann, Co-Founder and CEO Edupression App Download

Apple’s App Store (https://apps.apple.com/app/id1562982041)

Google Play Store (https://play.google.com/store/apps/details?id=com.proappdev.edupressionwebmobile_app)

Venture Capital Funding

Edupression is currently looking to raise Series A funding for its international expansion in 2022. They would like to close the round end of 2021 or early in 2022.

Find all links and show notes here: https://www.startuprad.io/blog/meet-edupression-a-vienna-based-app-on-prescription/

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30 Sep 2021This Month in German Startups - September 2021 Unicorn Tracker (Bonus)00:15:49

Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).

 

Guys, it is fall and we are back from the summer break! We bring you another bonus news episode as part of our news coverage of the German startup scene. We recorded this episode on September 28th, 2021, wrapping up July, August, and September. This is a Bonus Episode following our special coverage from June!

  Want to be found by Business opportunities or contacted by new investors? Get scouted by us, when we have a matching mandate and enroll your startup in our database: https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-september-2021-unicorn-tracker-bonus/

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30 Sep 2021This Month in German Startups - Summer Wrap-Up (July, August, September) 202100:29:49

Welcome to This Month in German Startups in September 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.  We recorded this new episode on September 28th. Not that there is also another episode of our unicorn tracker, getting published along with this episode. Have a look. This will be a bit longer recording. Best get a snack and a drink right now.  The summer was hot here in Germany in terms of startups, but not so much in terms of temperature. Since we have the weather out of the way. Let's talk startups:

Want to be found by Business opportunities or contacted by new investors?

Get scouted by us, when we have a matching mandate and enroll your startup in our database:https://forms.gle/DmPtBKJH7MMmJoYo8 We don’t sell your data or spam you. We will even reach out to you before we include you in a scouting mandate.

Find all links and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-summer-wrap-up-july-august-september-2021/

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08 Sep 2021Entrepreneur Tools #6 – How to Start Thinking About Your Corporate Culture00:45:31

Entrepreneur Tools #6 – How to Start Thinking About Your Corporate Culture You, as a founder will impact the culture, which than becomes a brand. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Entrepreneur Tools

This is a new series, within Startuprad.io’s YouTube Blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems.

We are looking forward to your feedback.

I learned that humans are basically good. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host The Entrepreneur

Michelle Tsing (https://www.linkedin.com/in/laptopradio/) is an investor and entrepreneur. She hosts a weekly show on the Stanford University Campus radio, called Laptop Radio. She used to work at PayPal, Samsung, Cisco, and eBay. She is also a podcast host at Starting Y, based in Silicon Valley. In addition to that Michelle works with several startups as an advisor. She shares in our 6th episode of entrepreneur tools her thoughts about company culture and how to start thinking about it. Company culture is a very complex topic and we are just scratching the surface here, but it is a good point to start.

The culture is usually the founder … think about your vision, your mission, and the values you care about. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Further Readings / Additional Ressources

  1. Start with a self-assessment, good places to start are for example the book “The Four Agreements “
  2. Look around examples for values

Great examples


Every aspect of your company should correlate to your values. Embrace it not only in words but also in action. Michelle Tsing, Entrepreneur, Investor, Mentor, Podcast/Radio Host Helpful Books (Affiliate Links)


The Entrepreneur Tools Playlist

https://www.youtube.com/watch?v=NlF4aBwTomo&list=PLUbiCAQc22WtWCZ1yTVMvh56CcUbjC1bV

Feedback

Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

The Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email

Find all the links and show notes here: https://www.startuprad.io/blog/entrepreneur-tools-6-how-to-start-thinking-about-your-corporate-culture/

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05 Sep 2021Minutes Left German Startup Awards 2021 – Special Award for Lukasz Gadowski 00:40:14

German Startup Awards 2021 – Special Award The secret to winning is to have the right vision. To bet on the right pattern. … the execution is a lot about the nitty gritty details. Lukasz Gadowski, Winner Special Award German Startup Awards Subscribe Here

Find all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

It is not desirable to sell a company. … there may be instances where it makes sense. … there are exceptions to every rule. Lukasz Gadowski, Winner Special Award German Startup Awards Media Partnership

This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards (GSA21) honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interview and on our website: https://germanstartupawards.de/

It always starts with a general pattern. … if you want to get ideas in a specific area, expose yourself to this area. Lukasz Gadowski, Winner Special Award German Startup Awards The Founder

In this interview, we talk to Lukasz Gadowski (https://www.linkedin.com/in/lukaszgadowski) (known as one of the co-founders of Delivery Hero (Lieferheld) or Mr Spex). He received a special award for his special merit with and for the German startup scene. Among his many ventures, he co-founded or is invested in are Spreadshirt, studyVZ, Point Nine Capital, brands4friends, Aroundhome, Vertical Media (Gründerszene), the escooter startup Circ, Volocopter, Enpal, Mr. Spex and of course, Delivery Hero. He works with his private investment company Team Europe https://www.teameurope.net/ During his interview he also shares insights in big enablers shaping the future, which will opening up opportunities for entrepreneurs. He also shares advice for entrepreneurs on how to win, even if you are entering a market late.

Congratulations to Lukasz! Tune in to the interview to learn more.

I think Circ went from zero to 1.000 employees in 15 months. That is what I would call hypergrowth. Lukasz Gadowski, Winner Special Award German Startup Awards Feedback

Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

The Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email

Keep Up to Date

Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

Find all the links and show notes here: https://www.startuprad.io/blog/german-startup-awards-2021-special-award-for-lukasz-gadowski/

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28 Jul 2021Meet the Person in Charge of Germany’s €10 bn Startup Program00:28:29

The Commissioner for Digital and Startups

In this interview we talk to Thomas Jarzombek (https://www.linkedin.com/in/thomas-jarzombek-a4227183/) a member of the German Parliament Bundestag, also the Commissioner for Digital and Startups of Germany and in charge of the newly started 10 bn startup program. Thomas is a member of the CDU, Christian Democratic Union, the party of chancellor Merkel.  (https://en.wikipedia.org/wiki/Christian_Democratic_Union_of_Germany). Thomas has also been an entrepreneur before he was an elected official. He started out with implementing Windows 95.

Note: In the name tag in the YouTube video, we shorted this to “Digital commissioner”, due to the available space.

We want to get better in the commercialization of German innovations. Thomas Jarzombek, MdB, Commissioner for Digital and Startups How the money will be invested Note: There is a general election coming up in Germany on September 26th, 2021. This will lead to a new government since chancellor Merkel will retire. Therefore, another government may change this allocation. We also invest in rocket technology. We have been looking at what Elon Musk does with SpaceX and adapted some of his strategies. Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Indirectly (as LP)

The new investment program is looking to invest 50% together with private investors, who also chip in the other half.

The program will invest in European VCs, focusing on Germany. They are looking for VCs, investing in Germany approx. the money they receive from the program.

The largest single investment will be as LP of the European Investment Fund, which will get 3 bn Euros (https://www.eif.org/).

HTGF will start the 4th fund with money from the program. Look in our show notes below for the interview with the CEO of HTGF. They raise funds with half of the money coming from the Government and half from private investors, which include already household names like Bosch, BASF, B. Braun, Boehringer, Deutsche Bank, Deutsche Post DHL, Lanxess, RWE, SAP, and many others. You can learn more about HTGF in our interview, see links below.

We have patient money and I expect the money to be spent over the next 10 years. Thomas Jarzombek, MdB, Commissioner for Digital and Startups Investing Directly: Deep Tech Future Fund

The Deep Tech Future Fund (https://deeptech-future-fonds.de/) is aiming to commercialize innovations from Germany. They are even investing in startups directly, who do not have a business model yet, for example working in quantum computing.

2 bn Euros will be managed by KfW in discretionary accounts to set up specific investment vehicles and their subsidiary Coparion (https://www.coparion.vc/). Part of the money will be managed in discretionary accounts. These vehicles can invest directly in startups.

We expect with our investment to double – with private investors approximately 2x – in the German startup scene. Thomas Jarzombek, MdB, Commissioner for Digital and Startups

https://www.startuprad.io/blog/meet-the-person-in-charge-of-germanys-e10-bn-startup-program/

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08 Jul 2021swisspod wants to build a Hyperloop underneath the Alps00:36:11

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The Founder

In this interview, we talk to Denis Tudor (https://www.linkedin.com/in/denis-tudor-5737a394/) he is the CEO and Co-Founder of Switzerland-based swisspod (https://swisspod.ch/), a startup that aims to develop hyperloop tracks underneath the Swiss alps. Denis is a Forbes 30 under 30. He graduated valedictorian with a degree in engineering and went on to the Ecole polytechnique fédérale de Lausanne, Switzerland (https://www.epfl.ch/de/), to get his Ph.D.

Denis has always been fascinated by the Hyperloop idea from Elon Musk to a level, where he participated with a team in one of Hyperloops competitions. They won the best non-student design award out of more than 3.000 teams, who initially registered.

The idea kept fascinating him, which triggered him to founding swisspod.

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The Startup

swisspod (https://swisspod.ch/) is working on getting the Hyperloop underneath the Swiss Alps, transporting passengers with capsules of approx. 30 passengers.

SwissPod got a grant from the Swiss Government to set up the first testing facility for Hyperloops in Europe. Therefore their next step is to get this facility up and running and testing the idea and technologies needed

Is your Startup in Need of an Office? - Affiliate Links


Feedback

Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA

The Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email

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01 Jul 2021This Month in German Startups - June 202100:22:03

Welcome to This Month in German Startups June 2021 by Startuprad.io - in a news recording with Chris (Back Home in New York) and me Joe, from Frankfurt am Main.

We are reporting live from Germany’s largest unicorn wave ever. We announce two new unicorns (Scalable Capital and Forto (formerly FreightHub)) and Germany’s first Decacorn Celonis, valued at more than 11 bn US$. The 2019 Unicorn Wefox raises large funding of 536 mn € (650 mn US$). About You IPOs for 23 €/share at 4 bn Euro (4.85 bn US$) AND Austria becomes a new most valuable startup with GoStudent (1.4 bn €, 1.67 bn US$), after they had their first unicorn only last month.

Plus SolarisBank is rumored to be in talks of a 100 mn Euro VC Deal, which would make them a unicorn as well, to buy up a competitor. Especially active in this frenzy of unicorn creation is Softbank from Japan and Tencent from China.

We have a special episode on the unparalleled unicorn creation, which is available on the same channels. If you want to know more about the new Decacorn and unicorns in Germany and Austria you want to listen to this episode as well. We keep here the coverage of unicorns to a minimum.

Note: This will be the last news recording before the summer break. There will be no regular news in July or August, but we will be back with news at the end of September, wrapping up the summer news.

We are soooooooooo looking forward to the summer that Joe even wears a Hawaii shirt. Be happy for your eyes if you are only listening to this podcast :-)

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Find all links, texts, and show notes here on our blog post: https://www.startuprad.io/blog/this-month-in-german-startups-june-2021/

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01 Jul 2021Bonus: This Month in German Startups – Unicorn Stampede00:16:49

Welcome to This Month in German Startups by Startuprad.io – in a news recording with Chris (from New York City) and me Joe (from Frankfurt am Main).

This is a Bonus Episode covering the Unicorn Stampede in German-speaking countries. This recording is from June 29th, 2021 and all-new unicorns, formed afterward will be covered in our next news podcast, to be published End of September!

You may remember that we had another bonus episode last month covering the rise of Berlin-based fintech Trade Republic to become Germany’s most valuable startup? There is already a new king in the country with Celonis becoming Germany’s first Decacorn (valuation above 10 bn US$, here even 11bn US$). We also see that all of these monster fundings are driven by international investors, especially Softbank from Japan and Tencent from China.

Find all links and show notes on our blog post here: https://www.startuprad.io/blog/bonus-this-month-in-german-startups-unicorn-stampede/

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24 Jun 2021Meet Palturai – The Google of Business Data00:24:12

Meet Palturai – The Google of Business Data We used to store data in paper-based handwritten cards. We bring this to the 21st century … so you can get some great insights from it. Tilo Walter, CEO and Founder Palturai Subscribe Here

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You can use our tool for example in the KYC process. Tilo Walter, CEO and Founder Palturai The Founder

We talk in this interview to Tilo Walter (https://www.linkedin.com/in/tilo-walter-18b90567/), the CEO and Founder of Frankfurt-based business intelligence platform Palturai (https://palturai.com/?lang=en).

Tilo first started out with an apprenticeship at a bank, after studying industrial engineering he was a consultant and then spent quite some time working in Germany’s largest credit bureau called Schufa.

This gave him the idea of Palturai, which allows one to aggregate important business data to companies.

We have data from more than 7 mn companies, from public sources, building a graph with more than 1 bn relations. Tilo Walter, CEO and Founder Palturai Is your Startup in Need of a Bank Account? - Affiliate Links


The Startup

Palturai (https://palturai.com/?lang=en) is a business intelligence platform, aggregating important data about companies in their database. The company provides the information as a business graph. The name also originates form a Hungarian mathematician named Pál Turán, who contributed a lot to graph theory (https://en.wikipedia.org/wiki/P%C3%A1l_Tur%C3%A1n). The company was founded in 2014, but re-branded in 2020 with the opening of its first international location close to Philadelphia.

We have been bootstrapped, but with the international expansion we needed a proper funding round. Tilo Walter, CEO and Founder Palturai Funding Round

Palturai raised 4 mn Euros Series A investments, and their investors include a German bank and SBI Holding (Softbank’s Berlin entity).

Is your Startup in Need of an Office? - Affiliate Links


With the outbreak of corona, all of our US expansion plans have been blown to pieces. We had to change our strategy fast. Tilo Walter, CEO and Founder Palturai

Learn more here: https://www.startuprad.io/blog/meet-palturai-the-google-of-business-data/

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15 Jun 2021Onetool Helps to Cut Your SaaS Costs00:29:41

The Founder

In this interview, we talk to Gordian Braun (https://www.linkedin.com/in/gordianb/?locale=en_US), the CEO and co-founder of onetool (https://onetool.co/), a Berlin-based cloud startup. The startup is also a Y-Combinator Alumnus ( https://www.ycombinator.com/companies/onetool ), and an alumnus of the German Accelerator program (https://www.germanaccelerator.com/companies/#onetool).

Gordian already had great experiences in his life before he even started onetool. He founded companies before, including one in Austin, TX. He worked at a VC, as an investment scout and is currently a member of the Forbes Technology Council.

Other solutions allow you to do similar stuff, after up to 6 months of working to integrate them. Our tool only takes you about an hour. Gordian Braun, CEO and co-founder onetool The Startup

onetool (https://onetool.co/) was founded by Gordian since he always ran into the same problem: What accounts did the employee use, that just left. How can I make sure I don’t overspend and no one has access to my customer's data, that is not working here anymore?

Our customers usually use only cloud-based tools, so basically all modern startups. Gordian Braun, CEO and co-founder onetool Venture Capital Funding

The company already counts amongst its investors HTGF. They have already raised more than 1.6 mn Euro in Venture Capital. Likely they will look for a new funding round “very soon” according to Gordian.

We got an email “You are invited to the final interview for Y-Combinator”. Oh, yeah it looks like we applied Gordian Braun, CEO and co-founder onetool Find all the links and show notes here:  https://www.startuprad.io/blog/onetool-helps-to-cut-your-saas-costs/

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03 Jun 2021Meet Nanostrcut, They Are Listening To Molecules00:25:52

Meet the Startup NanoStruct, they are listening to Molecules We are working in structures the size of nanometers. The average piece of paper is about 100.000 nanometers thick. Henriette Maaß, CEO and Co-Founder NanoStruct

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The Founder

We talk to Henriette Maaß (https://www.linkedin.com/in/henriette-maa%C3%9F-608792142/), co-founder and CEO of the startup NanoStruct. During her Ph.D. in solid-state physics, she looked at the electronic state of materials. She founded NanoStruct (https://www.nanostruct.eu/en/home-english/)during her post-doc at university.

Henriette went on record here to admit that she is a Star Wars and Star Trek fan.

Looking to enter the German or European market? - Affiliate Links


The reproducibility of nanostructures is normally not good. We can re-produce them more reliable. Henriette Maaß, CEO and Co-Founder NanoStruct The Startup

The idea of NanoStruct came when Henriette talked to her co-founder, who pursued his Ph.D. using spectroscopy as well, but another method. They are working on nanostructures like normal antennas but in nanometer sizes. The antennas function for frequencies of visible light, for which they have a reliable way to produce them over and over (which is not common for nanostructures). Their product can be used to search for contaminations like in biotech, pharma, or the food industry. You can learn more on their company website https://www.nanostruct.eu/en/home-english/

They are planning to do the production themselves since their production is neither expensive nor complex.

Don’t be scared of physic, it is actually a lot of fun Henriette Maaß, CEO and Co-Founder NanoStruct Venture Capital Funding

NanoStruct is currently running on a federal grant for transferring research results into feasible products. They are looking for similar follow-up funding, until mid-2022, when they would rely on external investors. They are currently just starting to reach out.

Affiliate Links


Find all the links and show notes here: https://www.startuprad.io/blog/meet-the-startup-nanostruct-they-are-listening-to-molecules/

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26 May 2021This Month in German Startups – May 202100:25:00

Welcome to This Month in German Startups by Startuprad.io - in a news recording with Chris (Back Home in Germany) and me Joe, from Frankfurt am Main.

Today we are wrapping up May 2021 for you. We talk about the massive Trade Republic funding, making them Germany's most valuable startup. We are talking about SPACs again, Germany’s institutional funds investing in crypto, and 3 bn shots of the corona vaccine. As always, we have a great show for you!

Housekeeping - Time to brag

Stay safe everyone!


Top News Trade Republic is now Germany’s most valuable startup with 5.3 bn US$ SPACs

In the US the largest wave of SPAC IPOs is already behind us, but in Europe, it is just gaining speed. Frankfurt Stock Exchange expects up to 20 SPAC IPOs in 2021. In all of Europe, they expect more than 30 https://buff.ly/3h0mMqS

Amazon Shops are still HOT

Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants – TechCrunch https://buff.ly/2PVJULY

Germany rumored to open flood gates to Crypto Investments - Think again

'Damn Huge': Germany Opens Up to Institutional Crypto Funds - Decrypt https://buff.ly/3vvX3dU

Joe will talk about this soon - as soon as he gets to it - but the main point one has to understand in German institutional funds is that the investors are regulated and not so much the vehicles.

3bn Shots are coming

Corona vaccine producer BioNTech is looking to produce 3bn shots https://buff.ly/2RHzXlA

We just passed a small moment in History

80 years ago, on May 11th, 1941 german inventor Konrad Zuse started his Z3. This was one of today's first - maybe The first - modern-day computer. He developed it, to take over statistical calculation he found tiresome https://buff.ly/3eEJ3sB

Find all other show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-may-2021/

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25 May 2021eye2you Converts Smartphones in Simple Medical Retina Scanners00:28:00

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The Founder

We are talking to Jörn-Philipp Plies (https://www.linkedin.com/in/plies/) CEO and Co-Founder of eye2you (https://eye2you.ai/).

Philipp started out his professional life with an apprenticeship and moved to study at Technical University Darmstadt (TU Darmstadt, https://en.wikipedia.org/wiki/Technische_Universit%C3%A4t_Darmstadt) computer science and robotics.

While working on his final diploma thesis, he became interested in visual recognition and finally the eye. This led him to take on his Ph.D. at the University of Tübingen, studying how the brain processes visual information.

Affiliate Links


The Startup

The story of eye2you (https://eye2you.ai/) started at Korea University (https://en.wikipedia.org/wiki/Korea_University), with a project for development aid projects in Ethiopia. Now the company is incorporated in Tübingen Germany and works on AI algorithms to recognize diseases in pictures of the retina.

They are working on empowering general physicians, nurses, or caretakers to perform a basic checkup with their software. Groups at risk for retina diseases are people with high blood pressure or diabetes.

Here is an explainer video for more details: https://youtu.be/nWFbvuYC2PY

Venture Capital Funding

The startup already closed the pre-seed funding round, currently having 5 FTEs and one working student.

Affiliate Links

  • Is your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d
  • Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye

Learn more: https://www.startuprad.io/blog/eye2you-converts-smartphones-in-simple-medical-retina-scanners/

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20 May 2021We bring the German speaking startup scene to you in English00:00:39

Welcome to Startuprad.io,

we cover the German-speaking startup scene since 2015 with our franchise. Since 2019, we eased access to the German-speaking startup scene further with our special interest podcasts Fintech Germany, Blockchain Germany, Deeptech Germany, and German Startup News.

We have been called "The Authority on German Startups" and are a Top 0.5% global podcast, according to Listen Notes. Chartable.com scored us in 2020 a global Top 100 Science Podcast, a global Top 150 Tech Podcast, and a global Top 750 Business Podcast.

You can learn more here: https://linktr.ee/startupradio

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12 May 2021BS-Free Service Design & Data-Driven Business Solution - Entrepreneur Tools Episode 300:53:24

Entrepreneur Tools Episode 3

This is a new series, within Startuprad.io’s YouTube Blog. We meet a lot of people and of course, we talk with some of them about the typical entrepreneur problems. Sometimes an entrepreneur solves known problems in a very systematic way, which we find great, or has great insights. In both cases, we will talk to him or her and bring you these recordings as entrepreneur tools. We are looking forward to your feedback.

This time we talk to Simon Stengelmeier (https://www.linkedin.com/in/simonstegelmeier/), also known as The Data Warrior (https://thedatawarrior.com/). This time we are talking about service design and marketing. Tune in to learn more.

Jobs to be Done (including Affiliate Links)


Put Value First

Know Your Target Audience / Create a Customer Avatar

Craft Your Message

Your Signature Solution

3 Steps to Success: How To Structure & Sell Your Services

  • Maximize (Customer Avatar, Message, Solution)
  • Monetize (Leads, Trust, Conversion)
  • Multiply (Paid, Organic, SEO)

Find the complete show notes here: https://www.startuprad.io/blog/bs-free-service-design-data-driven-business-solution-entrepreneur-tools-episode-3/

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11 May 2021Spacific Allows You to Measure Objects with AR Glasses00:31:18

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MOIN! Media Partnership

This podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/).

The Founder

We talk to the Hamburg-based founder Dennis Ahrens, the CEO and Founder of Spacific (https://www.linkedin.com/in/dennisahrens/). Spacific offers a software for augmented reality glasses to measure objects within rooms (https://www.spacific.de). Dennis has been involved in several companies, before starting his startup, one stop including staying for almost 13 years.

Dennis discovered his fascination for augmented reality while working in a project where AR devices have been used to measure stairs to build in stair lifts (https://en.wikipedia.org/wiki/Stairlift).

Affiliate Links


The Startup

Dennis founded his startup Spacific (https://www.spacific.de/) with customer service engineers in mind, who work for B2B companies.

The startup works on possibilities to measure objects inside a room. This would enable service engineers to put on their AR glasses and measure objects (e.g. lifts, forklifts, …).

Spacific is working on a self-service portal, for their business customers. There the Spacific clients can tailor their specific needs and processes with a work-flow-configurator, making their customer service better and fast than their competitors’.

Venture Capital Funding

Currently Spacific is funded by the savings of Dennis and funding from the City of Hamburg. They would be open to talking to external investors.

Further Readings / Additional Resources

Joe refers during the interview to this book: The world is flat (book) (AL): https://amzn.to/3hgWyQH

If you are curious, here is a Hololens (as Affiliated Link AL) on Amazon: https://amzn.to/3y2t7Io

https://www.startuprad.io/blog/spacific-allows-you-to-measure-objects-with-ar-glasses/

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29 Apr 2021This Month in German Startups - April 202100:22:58

Today we are wrapping up April 2021 for you. We talk about SPACs, which have been all the rage, but now they get to work. We bring you news about potential SPAC deals with Solarisbank, Infarm, Lilium, and Volocopter. The first three eying a valuation of more than one billion. Also, we have a Gorilla Unicorn.

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20 Apr 2021Conversational AI for Customer Service with e-bot700:35:03

We talk to Fabian, the CEO, and Co-Founder of Munich-based e-bot7. Fabian is an early thought leader in chatbots, ai, and NLP.

Fabian is not only the founder of a successful company and a Forbes 30 under 30, he is also the co-founder of a tech blog called Chatbot News Daily and he is also a DJ, having worked with the likes of DJ Tiesto.

Next to all this Fabian and e-bot7 have been founding members of the KI Bundesverband, the German Association for Artificial Intelligence, Germany’s largest AI network.

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08 Apr 2021Proptech Capmo Replaces Pen and Paper with Digital Workflows and Smart Construction Analytics00:28:12

The FounderThis time we talk to Florian Biller the CEO and co-founder of Munich-based proptech startup Capmo.  Florian spent quite some time studying abroad at Tel Aviv University in Israel, the University of St. Gallen in Switzerland, as well as in the US at the American University and UC Berkley.  He also worked at Roland Berger, Deutsche Börse, Microsoft, BMW and at the sports startup Feeletics.   

"Construction is likely the biggest industry in the country of the people listening or watching, but it is also likely the least digital industry."

Florian Biller, CEO and Co-Founder Capmo

The StartupConstruction sides are usually littered with large and bulky paper-based construction plans. It is also a hassle to keep all people up to date with recent changes, especially on larger constructions

The biggest challenge in construction is not the design, but the execution. That is where we help.

Florian Biller, CEO and Co-Founder Capmo

Learn more here https://www.startuprad.io/blog/proptech-capmo-replaces-pen-and-paper-with-digital-workflows-and-smart-construction-analytics/

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08 Apr 2021Television.ai Generates with an AI TV Content00:20:38

Television.ai helps with ai to generate automatic trailers or short spots for tv programs, independent productions, and much more.

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25 Mar 2021This Month in German Startups - March 202100:21:49

Today we are wrapping up March 2021 for you. We talk about Austria’s first unicorn Bitpanda, a Samwer attempt at a German Tesla, SPACs, indoor farming, open positions at N26, and much more.

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19 Mar 2021Flash Update on Startuprad.io00:00:39

Flash Update

Hey guys, we are posting this short podcast just to keep you up to date on what Startuprad.io is doing.

You may know that we have special interest podcast (link to subscribe below) like Fintech, Deep Tech, Blockchain and for our Startup News? We are also a YouTube Blog (link below).

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16 Mar 2021Mirrakoi Helps Surgeons with 3D Models and 3D Prints to Prepare for Surgeries00:39:43

Mirrakoi Helps Surgeons with 3D Models and 3D Prints to Prepare for SurgeriesWe are focusing with our technology on bone structures at the moment, … especially surgeries to reconstruct bones.

Pablo Garcia-Amorena, CEO and Co-Founder Mirrakoi

Subscribe HereFind all options to subscribe to our newsletter, podcast, YouTube channel or listen to our internet radio station here: Link https://linktr.ee/startupradio

 The FounderIn this interview, we talk to Pablo Garcia-Amorena (https://www.linkedin.com/in/pablo-garcia-amorena-711518166/). He is originally from Barcelona, where he studied Mathematics and Engineering as a double major. He than went on to the Swiss Federal Institute (École polytechnique fédérale de Lausanne). Within their program he was focusing on processing data from medical devices, where he met his two co-founders of Mirrakoi.

You can also learn more about Pablo here:

https://www.researchgate.net/scientific-contributions/Pablo-Garcia-Amorena-2118645293https://mirrakoi.com/author/pablogarciaamorena_mirrako/ 

Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye The StartupThe startup is called Mirrakoi (https://mirrakoi.com/ https://www.crunchbase.com/organization/mirrakoi-sa) and is in a broader sense a medtech startup. The startup helps surgeons to prepare for important operations with 3D printed models or virtual reality. They even help to 3d print assistance tools to help the surgeons with their job.

They are currently helping surgeons with the preparation of reconstructive surgeries, like the reconstruction of faces after car accidents.

For research projects, they are 3d printing what they call “surgical guides”. For example, these guides help to guide the drill of the surgeon to drill at the right point and depth during surgery.

 

We are focusing on models for pre-operation. Our models will right now not end up in the patient, but we have a research project for that.

Pablo Garcia-Amorena, CEO and Co-Founder Mirrakoi

 Venture Capital FundingMirrakoi is currently bootstrapped but will soon be looking for an external investor.

 

Health Venture Labs (Budapest)In this small section we talk to the accelerator program Health Venture Labs (HV Labs), and its co-founder Daniel Szemerey (https://www.linkedin.com/in/daniel-szemerey/). HV Labs is the program Mirrakoi went through. If you are curious, they are looking for startups for their next intake: https://hvlab.eu/. As stated in the interview, they have a preference for medical imaging startups.

Part of their program is also a chance to dip in the Boston medtech startup hub.

 

Further Readings / Additional ResourcesCT Scans: https://en.wikipedia.org/wiki/CT_scan#:~:text=A%20CT%20scan%20or%20computed,of%20a%20body%2C%20allowing%20the 

MRT Scans: https://en.wikipedia.org/wiki/Magnetic_resonance_imaging 

X-Ray:

09 Mar 2021EVITADO Avoids Collisions of Planes on the Ground – Using Lidar00:25:59

You are listening to the audio track of a YouTube interview. Find all the interviews at YouTube.com/Startupradio

EVITADO avoids collisions of planes on the ground –Using Lidar“The direct costs to repair a plane, after a ground collision usually runs least at 250.000 Euros. Not included are indirect costs like delays in schedule or revenues lost”

Alexander Kasinec, Co-Founder Evitado

 

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“We found that ground collisions of planes happen on average one or two times a month”

Alexander Kasinec, Co-Founder Evitado

 

Media PartnershipThis podcast is in media partnership with the Hamburg-based startup blog Hamburg Startups (https://www.hamburg-startups.net/). They keep you up to date on the local startup scene in Hamburg, they organize regular events (in normal noncorona times) AND they do have a special section on food startups as well. Even if you are not able to speak German, a visit with an auto-translate is worth it, since they also have an extensive directory of local startups on their website.

 

“I guess I am a bit an aviation geek myself”

Alexander Kasinec, Co-Founder Evitado

 The FounderJoe talks to Alexander Kasinec (https://www.linkedin.com/in/alexander-kasinec-87715866/), co-founder of the Hamburg-based startup EVITADO (https://evitado.io/). Alex is an American, who co-founded the company in Hamburg. He started learning German in 8th grade already, spent time during his studies in Germany, and did an internship in Germany as well. He then ended up getting a master’s degree in Hamburg, where he met his co-founders.

 

“There are some pretty big [aviation] companies here in Hamburg. That is why we decided to stay here.”

Alexander Kasinec, Co-Founder Evitado

 

Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3dLooking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye “There was a list in 2017 by the FAA and one of the pain points were collisions on the ground by planes for example with hangars”

Alexander Kasinec, Co-Founder Evitado

 

The StartupEvitado (https://evitado.io/) provides a warning system for planes pulled on the ground, so the drivers of these pushback tractors do not collide with other planes on the ground, hangar doors and so on. Their system is based on Lidar and offers the drivers a Birdseye view of their plane and vehicle.

The idea of Evitado was developed by Alex and his co-founder, who met during their MBA. They made it in the finals in a pitch competition, which gave them their hint that their idea may be much more than just a hobby.

 

“Hamburg is the world’s third-largest hub for the aviation industry, behind Seattle and Toulouse in France”

Alexander Kasinec, Co-Founder Evitado

 Venture Capital FundingEvitado is looking for 750.000 € as a seed funding round. They would like to close the round end of June 2021.

“Our system is based on Lidar technology”

Alexander Kasinec, Co-Founder Evitado

  

The Audio InterviewThe Audio Podcast will be published at the same time. Please give us a bit to post the Spotify link here. In the meantime, you can subscribe to our podcasts here

 “We would love to integrate our software in the Microsoft Flight Simulator. It is a

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