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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.
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
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 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$) https://buff.ly/3y136bx With this funding they added Citi Ventures and G Squared as new investors.
We talked about Bitpanda becoming Austria’s most valuable startup in “This Month in German Startups March 2021,” but now there is GoStudent, which takes the title from them. Go student is a platform for remote tutoring and becomes the 2nd unicorn in the country with a 200 mn € (~240 mn US$) 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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