Bonus: This Month in German Startups – Unicorn Stampede
Media Type |
audio
Categories Via RSS |
Business
Science
Technology
Publication Date |
Jul 01, 2021
Episode Duration |
00:16:49
We are reporting live from Germany’s largest unicorn wave ever. We discuss two new unicorns (Scalable Capital and Forto (formerly FreightHub)) and Germany’s first Decacorn Celonis. Austria gets a new most valuable startup with GoStudent. 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 are reporting live from Germany’s largest unicorn wave ever. We discuss two new unicorns (Scalable Capital and Forto (formerly FreightHub)) and Germany’s first Decacorn Celonis. Austria gets a new most valuable startup with GoStudent. 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 talk about the unprecedented creation of unicorns in Germany in the last few weeks

Find the complete show notes, the links, and text to the episode here: https://www.startuprad.io/blog/bonus-this-month-in-german-startups-unicorn-stampede/ `

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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.

 

Trade Republic remains Germany’s most valuable fintech for now.

https://www.startuprad.io/blog/bonus-episode-trade-republic-becomes-germanys-most-valuable-startup-with-5-3-bn-us-valuation/

Meet Germany’s first Decacorn!

Munich-based startup Celonis becomes Germany's first Decacorn (valued at 11.1 bn US$) with a monster funding of 1 bn US$ for their Series D funding https://buff.ly/3it1Mti

Germany’s New Unicorns

Scalable Capital

Yet another startup from Munich made it in the exclusive unicorn club, namely neobroker Scalable Capital. They first started out as a robo advisor in 2016. Now they turn increasingly to online brokerage, including offers for traded securities, money market accounts, and term deposits. Their brokerage also offers a Trading Flatrate model.

Forto (formerly Freight Hub)

Forto has been part of “This Month in German Startups” for quite some time. They underwent a re-branding from Freight Hub. The Berlin-based logistic startup raised 200 mn US$ from investors, led by Softbank, valuing them at 1 bn € (1.2 bn US$) https://buff.ly/3y136bx With this funding they added Citi Ventures and G Squared as new investors.

Austria’s New Unicorn And Most Valuable Startup

We talked about Bitpanda becoming Austria’s most valuable startup in “This Month in German Startups March 2021,” but now there is GoStudent, which takes the title from them. Go student is a platform for remote tutoring and becomes the 2nd unicorn in the country with a 200 mn € (~240 mn US$) investment led by Softbank and Tencent. The investors value the company at 1.4 bn € (1,67 bn US$) https://buff.ly/3qokCDR

Find the complete show notes, the links, and text to the episode here: https://www.startuprad.io/blog/bonus-this-month-in-german-startups-unicorn-stampede/`

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