Latest / Deep Tech Germany – AI, Robotics & Frontier Innovation by Startuprad.io™ / April 2024: Novo Nordisk's €1B Biotech Move, Fintech & Space

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April 2024: Novo Nordisk's €1B Biotech Move, Fintech & Space · Deep Tech Germany – AI, Robotics & Frontier Innovation by Startuprad.io™

• WEBVTT 1 00:00:05.759 --> 00:00:08.894 Welcome to Startupradio rad dot Joe, 2 00:00:09.375 --> 00:00:12.895 your podcast and YouTube blog covering the German 3 00:00:12.944 --> 00:00:16.654 StartupRadio with news, interviews, and 4 00:00:16.654 --> 00:00:20.370 live events. Hello, 5 00:00:20.370 --> 00:00:23.830 and welcome to Startupradio dot Joe episode 425. 6 00:00:26.115 --> 00:00:29.875 We welcome you to our April 2024 wrap up with vital 7 00:00:29.875 --> 00:00:33.475 news from the Startupradio tech entrepreneurship scenes in Germany, Austria, and 8 00:00:33.475 --> 00:00:37.300 Switzerland in 30 minutes or less. Let's hope so. Our 9 00:00:37.313 --> 00:00:40.899 Startupradio news today is recorded with me, Christian, today in 10 00:00:40.899 --> 00:00:44.605 Perugia, Italy. You can actually see a tiny bit 11 00:00:44.605 --> 00:00:48.125 here of my Airbnb, where I'm attending the 12 00:00:48.125 --> 00:00:51.940 International Journalism Festival. It's a place that this year 13 00:00:51.940 --> 00:00:55.699 has a huge emphasis on AI and media. So also 14 00:00:55.699 --> 00:00:59.480 quite interesting in terms of new Startupradio coming up in the media ecosystem. 15 00:01:00.165 --> 00:01:03.945 And, with you, Joe, as always in 16 00:01:04.405 --> 00:01:05.945 Hey, guys. In Frankfurt. 17 00:01:08.150 --> 00:01:11.610 Today, our recording date is April 19, 2024. 18 00:01:12.230 --> 00:01:15.370 All news not included will be in our next news, 19 00:01:16.175 --> 00:01:20.015 to be released on May 30th. So you see it's a bit of a bigger 20 00:01:20.015 --> 00:01:23.855 stretch there, but we had to record this episode a bit early due to our 21 00:01:23.855 --> 00:01:27.689 schedules. And also due to another thing because May in Germany is quite 22 00:01:27.689 --> 00:01:30.509 a spectacular May month for the Germans. 23 00:01:31.675 --> 00:01:35.515 And as we always aim to also give you insights about doing business with the 24 00:01:35.515 --> 00:01:38.975 Germans, May is gonna be a month where, 25 00:01:39.320 --> 00:01:42.600 some of the people that you're working with might just not show up at one 26 00:01:42.600 --> 00:01:46.280 day or another because there are many holidays in 27 00:01:46.280 --> 00:01:49.985 Germany and, holidays that people use 28 00:01:50.045 --> 00:01:53.645 as an opportunity to have a longer weekend. Sometimes 4 or 5 29 00:01:53.645 --> 00:01:57.439 day weekends. So, if we have look, have a look at 30 00:01:57.439 --> 00:02:00.979 this, May 1st, for example, is a public holiday across most 31 00:02:01.040 --> 00:02:04.765 European states. It's International Workers' Day, so 32 00:02:04.765 --> 00:02:08.205 basically Labor Day, as well as spring festival in 33 00:02:08.205 --> 00:02:11.950 Germany. So and since this year, it's on a Wednesday, People might 34 00:02:11.950 --> 00:02:15.710 take off Monday Tuesday as well or Thursday Friday as well, 35 00:02:15.710 --> 00:02:19.055 making it nearly like a week, long, off. 36 00:02:19.534 --> 00:02:23.295 And many people in Germany will go out dancing the night before called Tansen in 37 00:02:23.295 --> 00:02:27.075 May, dance into May. May 9th 38 00:02:27.215 --> 00:02:30.579 is Ascension Day, where we also celebrate 39 00:02:30.879 --> 00:02:34.579 the inofficially labeled Father's Day in Germany. That is on a Thursday, 40 00:02:34.719 --> 00:02:37.345 so people might take off the Friday, 10th, 41 00:02:38.444 --> 00:02:42.045 which I think is great anyway because, May 42 00:02:42.045 --> 00:02:45.805 9th May 11th are the semifinal and the big final of the Eurovision 43 00:02:45.805 --> 00:02:49.250 Song Contest, which in my book should definitely be 44 00:02:49.630 --> 00:02:53.470 holidays, for I mean, basically, the world in my opinion. 45 00:02:53.470 --> 00:02:57.185 But, anyway, so if you're wondering, also the following Sunday is also Mother's 46 00:02:57.185 --> 00:03:00.945 Day in Germany. Then May 20th is a public holiday across Germany with 47 00:03:00.945 --> 00:03:04.500 Monday. May 30th is the day of our next 48 00:03:04.500 --> 00:03:07.939 news publication, so we're working on having that, become a 49 00:03:07.939 --> 00:03:11.745 national holiday so far. So good. Sorry for 50 00:03:11.745 --> 00:03:15.584 the joke because it's also Corpus Christi. Again, also celebrated on a Thursday, 51 00:03:15.584 --> 00:03:19.099 meaning people might take off Friday. Well, 52 00:03:19.159 --> 00:03:22.840 and if right now you think, okay, how can I get, onto 53 00:03:22.840 --> 00:03:26.535 this calendar of days off? You might wanna 54 00:03:26.535 --> 00:03:30.135 double think because after this May extravaganza, the next 55 00:03:30.135 --> 00:03:33.895 public holiday is only going to be on Thursday, October 3rd, German day of 56 00:03:33.895 --> 00:03:37.640 reunification. So, in the whole summer, there's not much 57 00:03:37.640 --> 00:03:41.000 happening. Plus, two two two data points, Chris, 58 00:03:41.000 --> 00:03:44.735 here. 1st, it's also again a Thursday Joe many people would take 59 00:03:44.735 --> 00:03:48.334 off Fridays. Plus, this year since we are 60 00:03:48.334 --> 00:03:52.160 doing our labor day summer wrap up again published 61 00:03:52.220 --> 00:03:55.600 to be on September 2nd, by the way my my birthday, 62 00:03:56.860 --> 00:04:00.435 we will have our September news this year 63 00:04:00.655 --> 00:04:04.094 published on this holiday, October 3rd. There you 64 00:04:04.094 --> 00:04:07.800 go. Speaking, that's enough talk about 65 00:04:07.940 --> 00:04:11.400 taking days off. Let's jump right into today's episode. 66 00:04:12.500 --> 00:04:15.915 And let me give you a brief overview of what we will be talking about 67 00:04:15.915 --> 00:04:19.695 more in-depth, later on. So here are a couple of our highlights. 68 00:04:20.154 --> 00:04:23.755 Because in April 2024, we really saw that the German StartupRadio 69 00:04:23.755 --> 00:04:27.580 scene witnessed seismic shifts, groundbreaking achievements. Among the 70 00:04:27.580 --> 00:04:30.940 headlines were, for example, Novo Nordisk's acquisition of 71 00:04:30.940 --> 00:04:34.615 Cardio Pharmaceuticals, which basically stole the 72 00:04:34.615 --> 00:04:37.195 spotlight this month with a staggering 1.0, 73 00:04:38.695 --> 00:04:42.440 €25,000,000,000 deal, monumental milestone in 74 00:04:42.440 --> 00:04:45.880 biotech. Cardio Pharmaceuticals, spin off 75 00:04:45.880 --> 00:04:49.635 from the medical school in Hanover, pioneers 76 00:04:49.775 --> 00:04:53.235 RNA medications, for heart disease prevention, 77 00:04:53.295 --> 00:04:56.675 showcasing transformative power of innovative research here. 78 00:04:57.040 --> 00:05:00.580 And obviously a market worth a lot of hope and potentially 79 00:05:00.640 --> 00:05:03.895 huge markets. Meanwhile, while 80 00:05:04.055 --> 00:05:07.574 Zolar illuminated the renewable energy landscape by securing a 81 00:05:07.574 --> 00:05:11.194 substantial €100,000,000 credit line from BNP Paribas, 82 00:05:11.630 --> 00:05:15.170 BNP Paribas, propelling their mission forward with 83 00:05:15.310 --> 00:05:18.850 Zola EasyPay financing options. Berlin 84 00:05:18.910 --> 00:05:22.615 solidified its status as kind of German's Fintech capital fighting 85 00:05:22.615 --> 00:05:25.975 over it for Frankfurt, I would say, boasting a 160 Fintech 86 00:05:26.102 --> 00:05:29.690 Startupradio, while Element surged ahead in the insure tech 87 00:05:29.690 --> 00:05:32.590 arena with a €50,000,000 euro funding round. 88 00:05:33.450 --> 00:05:37.290 Minerix Munich based team achieved a milestone by 89 00:05:37.290 --> 00:05:41.035 initiating volume production of the Condor MK Space Laser 90 00:05:41.035 --> 00:05:44.794 Terminal. We will talk a bit more about what that means. It's but, 91 00:05:45.115 --> 00:05:48.735 you can be sure it's a testament to German ingenuity driving 92 00:05:49.120 --> 00:05:52.880 global space development. And, these might 93 00:05:52.880 --> 00:05:56.660 not only redefine industry standards, but hopefully also underscore Germany's 94 00:05:56.720 --> 00:06:00.465 position as hub for innovation and 95 00:06:00.465 --> 00:06:04.224 entrepreneurial prowess as always. Stay tuned for more insights and 96 00:06:04.224 --> 00:06:07.800 revelation. In the world of startups. 97 00:06:09.460 --> 00:06:13.160 The video podcast will go live on Thursday, April 25th, 98 00:06:13.300 --> 00:06:17.145 as will the audio podcast. You can subscribe to 99 00:06:17.145 --> 00:06:20.585 us on all the platforms that you know and follow already. We have it all 100 00:06:20.585 --> 00:06:24.230 in the show notes, obviously, too. You can tune in 101 00:06:24.230 --> 00:06:27.990 to our Internet radio station, which is 102 00:06:27.990 --> 00:06:31.210 being done by a staggering 170,000 people. 103 00:06:32.425 --> 00:06:36.265 So, and we where we have some media partners, including but not limited 104 00:06:36.265 --> 00:06:39.785 to tech tech.eu, Stanford University's Radio Show 105 00:06:39.785 --> 00:06:43.077 Laptop Radio. You can find all that at StartupRadio. 106 00:06:43.880 --> 00:06:47.720 So www.startup.radio. You can get your content 107 00:06:47.720 --> 00:06:51.305 to our inbox. To your inbox, we have this all explained 108 00:06:51.365 --> 00:06:55.125 in our show notes. And, I 109 00:06:55.125 --> 00:06:58.485 hand over to you to for a little word from our sponsors and 110 00:06:58.485 --> 00:07:02.150 enablers. Didn't we just declare last month that there's a 111 00:07:02.150 --> 00:07:05.750 seismic shift with the, with the big financing out there, and then 112 00:07:05.750 --> 00:07:09.035 solar comes along and has another 100,000,000. 113 00:07:09.735 --> 00:07:13.335 Man, that is going to be big numbers. By the way, we 114 00:07:13.335 --> 00:07:17.015 won't lose our touch with the software startups, but we will also, of course, 115 00:07:17.015 --> 00:07:20.740 include green startups and a little bit more biotech in 116 00:07:20.740 --> 00:07:24.120 the in the future. Our enablers 117 00:07:24.419 --> 00:07:27.915 lower cost of ISO 27,001 and SOC 2 118 00:07:27.915 --> 00:07:31.135 compliance by up to 85% with our partner 119 00:07:31.355 --> 00:07:34.495 Vanta with a v. Achieve ISO 120 00:07:34.970 --> 00:07:38.810 27,001 or SOC 2 compliance can unlock major growth for 121 00:07:38.810 --> 00:07:42.509 your company and build customer trust, but this process 122 00:07:42.570 --> 00:07:46.065 can be time intense and costly. Vanta 123 00:07:46.205 --> 00:07:50.045 automates compliance, getting you audit ready quickly and saving up 124 00:07:50.045 --> 00:07:53.660 to 85% of associated costs and Vanta's case 125 00:07:53.660 --> 00:07:56.720 with your business, helping you enter new markets. 126 00:07:57.100 --> 00:08:00.860 Join 7,000 global companies like Atlassian, Flow Health, 127 00:08:00.860 --> 00:08:04.325 and Quora that trust Vanta. Claim 20% 128 00:08:04.545 --> 00:08:06.085 off Vanta atvantavanta.comforward/startupradio. 129 00:08:10.360 --> 00:08:13.880 Plus, this recording is supported by Hessen Trade and Invest 130 00:08:13.880 --> 00:08:17.720 and the Enterprise Europe Network. Chris, you always look like 131 00:08:17.720 --> 00:08:21.505 a top news guy to me, but I'll take a little bit of this this 132 00:08:21.505 --> 00:08:25.264 time. Okay? Because you you you had you had to talk a little so much 133 00:08:25.264 --> 00:08:28.880 about the public holidays here. As we already said, top 134 00:08:28.880 --> 00:08:32.660 news, the $1,000,000,000 exit. Big news in the biotech world. 135 00:08:32.720 --> 00:08:35.620 Novo Nordisk, acquires German Biotech 136 00:08:36.765 --> 00:08:40.304 Adior Pharmaceuticals for whopping 1,250,000,000 137 00:08:41.405 --> 00:08:45.165 including so earn out conditions. The 138 00:08:45.165 --> 00:08:48.750 company is a spin spin off of medical school Hanover founded only in 139 00:08:48.750 --> 00:08:51.810 2016, and they develop RNA 140 00:08:52.270 --> 00:08:56.045 medications to prevent heart diseases. And you can learn more with link in 141 00:08:56.045 --> 00:08:59.584 our show notes. Volocopter wanted to have 300,000,000 142 00:09:00.125 --> 00:09:03.779 from the German government, but now only get half of it 150,000,000 143 00:09:04.720 --> 00:09:08.100 despite Menninger. Volker Wissing, the federal minister of transportation 144 00:09:08.320 --> 00:09:12.019 from FTP pledges 150,000,000 to support 145 00:09:12.635 --> 00:09:16.395 futuristic dream of flying taxis. Think like very big 146 00:09:16.395 --> 00:09:19.995 drones where you can step in. They originally wanted to have 147 00:09:19.995 --> 00:09:23.420 double the amount, the state of Baden Wurttemberg where they're 148 00:09:23.420 --> 00:09:27.020 headquartered back out of the deal, and Der Spiegel reported that 149 00:09:27.020 --> 00:09:30.865 auditors of PwC also warned mister Wissing. Read 150 00:09:30.865 --> 00:09:34.553 more about this ambitious venture here. And Volocopter's Menninger 151 00:09:34.625 --> 00:09:38.200 competitor, Lilium, by the way, gets no money at all. Volocopter 152 00:09:38.420 --> 00:09:42.200 needs the money to start production. They want to take off during, 153 00:09:42.740 --> 00:09:46.580 Paris Summer Olympic this year in July. Let's see if 154 00:09:46.580 --> 00:09:50.295 that works. As we already said, solar secures 155 00:09:50.355 --> 00:09:54.035 100,000,000 from BNP Paribas for their solution, 156 00:09:54.035 --> 00:09:57.790 solar easy pay. Solar, by the way, with a set like sorrow. 157 00:09:58.570 --> 00:10:02.270 You can learn more about the founder in an interview that 158 00:10:02.825 --> 00:10:06.425 did in the partner podcast started why published in December 159 00:10:06.425 --> 00:10:09.600 2021. We'll also link this in the show notes. 160 00:10:09.920 --> 00:10:13.680 And as we always claim, you may have never heard of our guests in the 161 00:10:13.680 --> 00:10:17.139 past, but you will in the future. Held true again. 162 00:10:17.505 --> 00:10:20.485 Element, German insurtech white labeller 163 00:10:20.865 --> 00:10:24.590 secures 50,000,000 in latest funding. They write 164 00:10:24.670 --> 00:10:28.110 founded just a few years ago in 2017. Element has 165 00:10:28.110 --> 00:10:31.650 quickly distinguished itself in the intertech arena 166 00:10:31.790 --> 00:10:35.274 operating under cloud based model. The company has earned a 167 00:10:35.274 --> 00:10:38.894 reputation for its innovative white label insurance 168 00:10:39.035 --> 00:10:42.714 product. Berlin remains the 169 00:10:42.714 --> 00:10:46.339 Fintech capital. Berlin remains the hub for German 170 00:10:46.339 --> 00:10:50.040 Fintech startups. The capital hosts 160 Fintech companies 171 00:10:50.475 --> 00:10:54.075 surpassing major cities like Frankfurt, Munich, and Hamburg. The 172 00:10:54.075 --> 00:10:57.915 scene continues to thrive with companies like n26 and 173 00:10:57.915 --> 00:11:01.690 Wefox leading the charge. Chris, you wanna take the last 174 00:11:03.350 --> 00:11:07.110 top news here? Yeah. Definitely. And, also, I just wanted to 175 00:11:07.110 --> 00:11:09.655 add to the, Berlin as a Fintech capital. 176 00:11:11.015 --> 00:11:14.635 Little grain of salt. It comes from the Berlin, 177 00:11:15.095 --> 00:11:18.395 IBB, the, the study. So I've been probably 178 00:11:20.660 --> 00:11:24.259 a publisher or, basically, a company that has some 179 00:11:24.259 --> 00:11:27.885 vital interest in making Berlin sound good. So maybe not all is lost 180 00:11:27.965 --> 00:11:31.805 for your hometown Frankfurt. It's actually the 181 00:11:31.805 --> 00:11:35.325 government backed. So of this city state of Berlin backed 182 00:11:35.325 --> 00:11:39.100 bank that helps with the economic development of the city. So 183 00:11:39.240 --> 00:11:42.680 yes, it's it, it, it may be very one-sided this 184 00:11:42.680 --> 00:11:46.395 research, but nonetheless, I think they tried 185 00:11:46.395 --> 00:11:49.615 their best to be as objective as possible. 186 00:11:51.595 --> 00:11:54.950 Speaking of, I don't know, high hopes, maybe. 187 00:11:55.890 --> 00:11:59.650 Minarik, it's based in Munich, a company that says 188 00:11:59.650 --> 00:12:03.315 that they started volume production for the Condor MK 3 space 189 00:12:03.315 --> 00:12:06.995 laser terminal. They themselves wrote, hit 190 00:12:06.995 --> 00:12:09.415 a product maturity maturity milestone, 191 00:12:10.810 --> 00:12:14.270 by starting volume production for the Condor m k MK3, 192 00:12:14.810 --> 00:12:18.545 its flagship optical communications terminal. They began production for 193 00:12:18.545 --> 00:12:22.325 the terminal in early 2024 and completed the first shipment last week. 194 00:12:23.025 --> 00:12:26.640 The initial shipments will be part of the US Space Development Agency's 195 00:12:26.779 --> 00:12:30.540 SDA, Tran 1s, transport and tracking layer 196 00:12:30.540 --> 00:12:34.073 programs. Joe, Joe 197 00:12:34.175 --> 00:12:37.935 matter what comes out of it, I think it's still interesting to see that, 198 00:12:38.255 --> 00:12:41.775 German companies are getting into that field as 199 00:12:41.775 --> 00:12:45.260 well. I'll let you brag a bit. Yeah. 200 00:12:46.680 --> 00:12:50.520 Just a tiny bit, here, Signal 201 00:12:50.520 --> 00:12:54.075 Hill Insights has highlighted the growing significance of 202 00:12:54.075 --> 00:12:57.834 podcast, particularly e to b ones as a 203 00:12:57.834 --> 00:13:00.975 strategic tool for reaching high level executive 204 00:13:01.755 --> 00:13:05.600 capable of influencing major corporate decisions. Not a 205 00:13:05.600 --> 00:13:09.279 surprise seeing our audience here. Mental high five to all the 206 00:13:09.279 --> 00:13:13.025 people out there. If you're looking to cooperate with us, there's a link 207 00:13:13.025 --> 00:13:16.785 to our passion fruit, storefront down here. 208 00:13:16.785 --> 00:13:19.870 Chris, I hand over to the ecosystem. Yes. 209 00:13:20.970 --> 00:13:24.490 And the very first impulse here that we wanna give you, 210 00:13:24.890 --> 00:13:27.550 has to do with, bitcoin, 211 00:13:28.955 --> 00:13:32.555 which experienced quite a surge in the last couple of weeks months. 212 00:13:33.675 --> 00:13:37.470 And Bloomberg had an interesting article about that, where they said 213 00:13:37.470 --> 00:13:41.090 that also crypto VC creeps back towards a comeback. 214 00:13:41.950 --> 00:13:45.685 And they wrote crypto Startupradio are back after brutal year for cryptocurrency 215 00:13:45.985 --> 00:13:49.585 and blockchain related companies. Venture capital investment in the 216 00:13:49.585 --> 00:13:52.879 industry ticked up by nearly 1 third from the previous quarter 217 00:13:53.100 --> 00:13:56.707 according to new data. So that's probably some Startupradio 218 00:13:56.779 --> 00:14:00.615 that might be relevant for your business on a global level. If we take 219 00:14:00.615 --> 00:14:04.134 a closer look at Europe, we see, talent 220 00:14:04.134 --> 00:14:07.654 shortage in deep tech. We can't find a single 221 00:14:07.654 --> 00:14:11.320 German or European applicant, is a quote 222 00:14:11.540 --> 00:14:14.980 that we saw in the, in an 223 00:14:14.980 --> 00:14:17.560 article about the situation in the deep tech 224 00:14:18.725 --> 00:14:22.425 industry vertical, on Sifted. 225 00:14:22.644 --> 00:14:26.100 You can find the full article in our show notes. Then 226 00:14:26.100 --> 00:14:29.779 March 2024 witnessed a shift in the fintech landscape 227 00:14:29.779 --> 00:14:33.240 as European StartupRadio navigated a 30% decrease in fundraising 228 00:14:34.045 --> 00:14:37.665 totaling €4,400,000,000 across 304 deals. 229 00:14:39.005 --> 00:14:41.505 You can dive into the details 230 00:14:43.589 --> 00:14:46.889 on a website called, or on a study on tech.eu. 231 00:14:48.949 --> 00:14:51.370 And we see the maturation of Munich. 232 00:14:52.774 --> 00:14:56.394 The Bavarian city has grown into a hub for more growth funds, international 233 00:14:56.535 --> 00:15:00.200 law firms, and big banks in recent years. Kind of 234 00:15:00.200 --> 00:15:03.420 moving from Europe to the German, topics here. 235 00:15:04.120 --> 00:15:07.895 But one last idea before that, mega rounds are making a comeback in Europe. 236 00:15:08.295 --> 00:15:11.335 We have more about that in the show notes as well. But now focusing on 237 00:15:11.335 --> 00:15:14.635 Germany, where we see, one 238 00:15:14.775 --> 00:15:18.330 article that says big changes are ahead in Fintech as the German government 239 00:15:18.330 --> 00:15:21.630 proposes stricter rules for credit checks, potentially 240 00:15:21.690 --> 00:15:24.985 impacting business like karma karma, like 241 00:15:25.084 --> 00:15:28.765 Klarna, for example. The 242 00:15:28.765 --> 00:15:32.520 details about that are on a, in an 243 00:15:32.520 --> 00:15:36.200 article on finance forward backed by Capita, a 244 00:15:36.200 --> 00:15:39.975 German, business magazine. And since we 245 00:15:39.975 --> 00:15:43.815 are a bit early with our recording, we don't have a current I feel, E4 246 00:15:43.815 --> 00:15:47.495 Business Climate Index. As you may remember, we usually take a 247 00:15:47.495 --> 00:15:51.140 little look about into this index which is basically a 248 00:15:51.140 --> 00:15:54.946 survey about business sentiment among German Menninger. 249 00:15:55.780 --> 00:15:59.175 But we don't have the current numbers yet, which makes us move 250 00:15:59.175 --> 00:16:02.635 on to hubs, and I hand it over back to you. 251 00:16:03.575 --> 00:16:07.195 Yes. Again, hubs here starting again 252 00:16:07.589 --> 00:16:11.209 with Frankfurt Rheinmains. Scavenger AI just secured 253 00:16:11.269 --> 00:16:14.845 1,100,000 in pre seed funding. This Frankfurt based 254 00:16:14.845 --> 00:16:18.605 AI StartupRadio is revolutionizing data analytics. You 255 00:16:18.605 --> 00:16:22.300 can learn more about the game changing technology in the link 256 00:16:22.300 --> 00:16:25.740 here in the show notes, which leads you to an article to 257 00:16:25.740 --> 00:16:29.200 fin SMEs. By the way, a good place we found 258 00:16:29.500 --> 00:16:33.275 in tracking fundings, speed, and efficiency are 259 00:16:33.275 --> 00:16:36.655 crucial in food delivery. Knuspa, an online supermarket, 260 00:16:37.275 --> 00:16:41.120 just automated its warehouse for the Rhinemann region offering a peek 261 00:16:41.120 --> 00:16:44.960 behind the scenes of online supermarkets. You can learn more about 262 00:16:44.960 --> 00:16:48.575 their approach in the article linking to FA 263 00:16:48.575 --> 00:16:52.255 Tech. Then a FinnSMEs has been a 264 00:16:52.255 --> 00:16:55.890 little bit mistaken because they write Frankfurt, but, actually, 265 00:16:55.890 --> 00:16:59.670 it's Kaszruhe, Bayvest, a Frankfurt, Germany based b to b fintech 266 00:16:59.810 --> 00:17:03.350 closed 1,100,000. Funding round link in the show notes. 267 00:17:05.204 --> 00:17:08.345 Forschung Centrum Julich, meaning research center Julich 268 00:17:08.565 --> 00:17:12.325 and Elektron with a q, big q in the 269 00:17:12.325 --> 00:17:16.080 middle, team up to develop a modular quantum computer with 270 00:17:16.080 --> 00:17:19.460 €21,000,000 boost from the NRW, 271 00:17:19.840 --> 00:17:23.635 Nordheimers Pfal, one of Germany's states government. This partnership 272 00:17:23.855 --> 00:17:26.915 marks a significant milestone for the tech industry. 273 00:17:28.015 --> 00:17:31.559 Tristan. Tristan bet Whatron secures 274 00:17:31.620 --> 00:17:34.760 12,000,000 in series b funding to revolutionize 275 00:17:35.140 --> 00:17:38.820 sustainable packing. Again, link in the show notes. In 276 00:17:38.820 --> 00:17:42.265 Aachen, Protenpis just closed 30,000,000 277 00:17:42.405 --> 00:17:44.985 series b funding led by 278 00:17:46.245 --> 00:17:50.049 Segula Medical Acceleration Exchange Future and 279 00:17:50.049 --> 00:17:53.570 Tech Vision Fund. You can read more about the 280 00:17:53.570 --> 00:17:56.789 innovative cardiovascular medical 281 00:17:57.385 --> 00:18:01.145 device in our show notes. And as always, I hand over to 282 00:18:01.145 --> 00:18:04.920 Chris and the Austrian top news. By the way, this time, we 283 00:18:04.920 --> 00:18:08.680 removed a lot of the funding rounds and moved them to the end of 284 00:18:08.680 --> 00:18:11.535 the funding. Well, again, Chris takes it over then. 285 00:18:12.175 --> 00:18:15.635 Yeah. Taking a look at some of the companies in Austria, 286 00:18:16.175 --> 00:18:19.315 we, for example, saw news from the, Tyrolean 287 00:18:19.695 --> 00:18:23.520 savings at Monki. They just secured a 7 figure 288 00:18:23.520 --> 00:18:26.820 investment from new investors along with its existing ones. 289 00:18:28.080 --> 00:18:31.715 You can not only find an article about that in our show notes, but also 290 00:18:31.715 --> 00:18:35.495 you can find an interview with Monkeys founder for more insights, 291 00:18:36.995 --> 00:18:40.515 in our archives. Actually, it's a it's a little 292 00:18:40.515 --> 00:18:44.169 bit older album, older interview. And again, 293 00:18:44.389 --> 00:18:47.830 something you've never heard of in the past, but you will in the future. And 294 00:18:47.830 --> 00:18:51.385 the big thing about monkey is it's a FinTech app but they have 295 00:18:51.385 --> 00:18:54.684 80% female users. They really, 296 00:18:55.144 --> 00:18:57.920 found the holy grave for FinTech there. Mhmm. 297 00:18:58.700 --> 00:19:02.540 Texify. So tax as in you have to pay your taxes and 298 00:19:02.540 --> 00:19:06.335 then e f y. A Vienna based startup is making waves with 299 00:19:06.335 --> 00:19:09.315 the relaunch complete with updates, its own tax consultancy. 300 00:19:10.735 --> 00:19:13.590 You can check out the full story at. 301 00:19:16.530 --> 00:19:19.730 We had them in our news recently with not so nice news. Now they seem 302 00:19:19.730 --> 00:19:22.921 to be turning the corner. Vienna's unicorn Joe 303 00:19:23.105 --> 00:19:25.845 student achieved full profitability 304 00:19:26.865 --> 00:19:30.565 in q one and are restructuring their leadership team. Halme 305 00:19:31.260 --> 00:19:34.960 Brasco, I think that's how you pronounce it right, if if it's a Spanish name. 306 00:19:35.740 --> 00:19:39.580 Yeah. Joins as CTO to drive innovation, while CFO 307 00:19:39.580 --> 00:19:43.265 Duncan McIntyre bids farewell. And Vienna's chatbot 308 00:19:43.416 --> 00:19:46.865 StartupRadio, tony.ai, tony with an I, 309 00:19:47.645 --> 00:19:51.490 is being liquidated. It was once a promising venture in the age 310 00:19:51.549 --> 00:19:55.149 of Facebook's chatbot hype a long long time ago, but it 311 00:19:55.149 --> 00:19:57.490 couldn't keep up with evolving ai tech. 312 00:19:59.465 --> 00:20:03.305 Yeah. So Menninger ending a bit on a sad note here, when it comes 313 00:20:03.305 --> 00:20:06.905 to Austria. But moving on to Switzerland where there's more exciting 314 00:20:06.905 --> 00:20:10.660 news from a former guest of yours. The Swiss American 315 00:20:10.708 --> 00:20:14.340 StartupRadio SwissPod and the UK based financial provider 316 00:20:14.340 --> 00:20:17.905 ICM are teaming up to supercharge hyperloop technology 317 00:20:18.205 --> 00:20:21.645 worldwide. Also a lot of buzzwords in that 318 00:20:21.645 --> 00:20:25.184 announcement. Then Proton from Switzerland acquires 319 00:20:25.510 --> 00:20:29.190 standard notes from Chicago, trying to create a new era 320 00:20:29.190 --> 00:20:31.530 of privacy first digital services. 321 00:20:33.255 --> 00:20:35.755 This was it for the hubs, 322 00:20:36.695 --> 00:20:40.455 but we now move on to our next section. General 323 00:20:40.455 --> 00:20:44.050 news, tech news, company news. Just like a 324 00:20:44.050 --> 00:20:47.750 an overview of what caught our attention in 325 00:20:47.810 --> 00:20:51.625 the past couple of weeks. Let's first start with new funds in order 326 00:20:51.625 --> 00:20:54.365 to inspire you to probably apply for some money. 327 00:20:55.385 --> 00:20:58.920 One k x just secured a whopping $75,000,000 328 00:21:00.020 --> 00:21:03.515 for their latest fund. They're based in Berlin and diving into the crypto world 329 00:21:03.915 --> 00:21:07.595 focusing on g f I, n f t f I and 330 00:21:07.595 --> 00:21:11.275 more. Their recent investment in botto and a I artist is 331 00:21:11.275 --> 00:21:15.020 making waves. More in-depth information in 332 00:21:15.020 --> 00:21:18.620 the show notes. Tiger Global VC, known 333 00:21:18.620 --> 00:21:22.000 as the large known as a large ticket investor in GSA. 334 00:21:23.184 --> 00:21:26.885 They have a fund that closed 63% below target with $2,200,000,000. 335 00:21:28.065 --> 00:21:31.780 The firm told investors in 2022 that they aim to raise 336 00:21:31.780 --> 00:21:35.540 $6,000,000,000. PIP 16 is dwarfed by the previous fund 337 00:21:35.540 --> 00:21:38.900 which raised 12,700,000,000, so numbers are going down 338 00:21:38.900 --> 00:21:42.715 there. Spotify Becker Lakestar raised 339 00:21:43.014 --> 00:21:46.315 $600,000,000 for an early stage and growth stage fund 340 00:21:46.615 --> 00:21:50.269 and likit, liqid, an online 341 00:21:50.269 --> 00:21:53.970 wealth manager has surpassed all expectations by raising a €130,000,000 342 00:21:54.669 --> 00:21:58.345 for a new venture capital fund allowing private investors to participate 343 00:21:58.725 --> 00:22:01.304 starting from as low as €200,000. 344 00:22:03.285 --> 00:22:06.940 Greentech. Wish one day I can say 345 00:22:06.940 --> 00:22:10.620 as low as €200,000. It's a lot of money still. 346 00:22:11.020 --> 00:22:14.585 Greentech news. Yes. This section is new. Maxima 347 00:22:14.585 --> 00:22:18.424 Fusion raises €20,000,000 of venture capital to get closer to 348 00:22:18.424 --> 00:22:21.325 green energy from nuclear fusion. 349 00:22:22.210 --> 00:22:25.730 Carbon removal is the name of the game. Startups are racing to 350 00:22:25.730 --> 00:22:29.350 secure the biggest carbon removal deal with Berlin's 351 00:22:29.515 --> 00:22:32.955 Senken and Exomat Green, recently 352 00:22:32.955 --> 00:22:36.095 closing impressive deals for 81,600 353 00:22:37.355 --> 00:22:40.960 tons of c02. As always linked in the show notes. 354 00:22:40.960 --> 00:22:44.320 And 15 investors and founders launched the 355 00:22:44.320 --> 00:22:47.940 climate break to fast track European Climate 356 00:22:48.000 --> 00:22:51.645 Fund. Then our always present fintech 357 00:22:51.645 --> 00:22:54.705 section, Robinhood, set to take on Europeans 358 00:22:55.085 --> 00:22:58.780 Europe's wealth tech on the home turf. Link in the 359 00:22:58.780 --> 00:23:02.560 show notes. N n 26 appoints Mario Khammert 360 00:23:02.780 --> 00:23:06.480 to key executive role. And Germany's Landers 361 00:23:06.585 --> 00:23:10.345 Bank, Baten Wurttemberg, taps Bitpanda to offer crypto 362 00:23:10.345 --> 00:23:14.025 custody services. You can read more in Fintech Futures. 363 00:23:14.025 --> 00:23:17.710 Chris, you wanna take over the general news again? Joe. Yeah. 364 00:23:17.710 --> 00:23:21.490 So, again, just some news in 365 00:23:24.275 --> 00:23:27.855 StartupRadio dynamic companies that caught our 366 00:23:27.855 --> 00:23:31.475 attention. Not always positive, not always related 367 00:23:31.510 --> 00:23:34.570 to money. And, the first one actually is, 368 00:23:35.110 --> 00:23:38.950 a bit problematic. There has been a massive data breach at 369 00:23:38.950 --> 00:23:42.795 urban sports club exposing thousands of member records, personal 370 00:23:42.795 --> 00:23:46.554 info, invoices, and even ID copies were found on an 371 00:23:46.554 --> 00:23:48.095 unprotected cloud server. 372 00:23:50.620 --> 00:23:54.460 More information about that is in the show notes. Then the 373 00:23:54.460 --> 00:23:57.975 sec settles insider trading charges against Andy Bechtolsheim, 374 00:23:58.434 --> 00:24:02.275 cofounder of Arista Sun Microsystems. Rene Kohler 375 00:24:02.275 --> 00:24:05.640 buys back farad.da from signa after the Banco's 376 00:24:05.640 --> 00:24:09.400 Empire's Banco Empire's downfall. Former guest Guilza 377 00:24:09.400 --> 00:24:12.940 Wilke joins Diem Capital as partner and head of the German office. 378 00:24:13.655 --> 00:24:16.934 True to our model you may have never heard of our guest, but you will 379 00:24:16.934 --> 00:24:20.455 in the future. Again, there's the interview here. Oh, we 380 00:24:20.455 --> 00:24:23.960 really, like, we really keep on mentioning this in this 381 00:24:23.960 --> 00:24:27.800 episode. We talked about it before, so this did not make our top news 382 00:24:27.800 --> 00:24:31.385 this time. Munich based StartupRadio Flix aims to dominate the global bus and train 383 00:24:31.385 --> 00:24:35.225 market as it gives up for its IPO. This has also been a long time 384 00:24:35.225 --> 00:24:38.205 coming. The company probably not always with, like, the biggest numbers. 385 00:24:39.690 --> 00:24:43.070 Americans may now know it because Flix is now the company behind, 386 00:24:44.010 --> 00:24:47.690 very traditional brand, Greyhound. Question now is, 387 00:24:47.690 --> 00:24:51.375 will Flix become the next stock? We have some 388 00:24:51.515 --> 00:24:55.115 details and analysis about it there. And some of the 389 00:24:55.115 --> 00:24:58.850 CEO insights in our interview, which in this case probably 390 00:24:58.850 --> 00:25:02.290 is a person that people might, might have heard of, at 391 00:25:02.290 --> 00:25:05.775 least of their company before they heard it from us. Then, 392 00:25:06.095 --> 00:25:09.695 10 German tech German StartupRadio watch in 2024, just a little 393 00:25:09.695 --> 00:25:13.470 list of of inspiration. Get here, even after 394 00:25:13.470 --> 00:25:17.169 the expensive deal buying gorillas is considering to leave Germany according 395 00:25:17.309 --> 00:25:21.125 to a recent press report. I mean, the fact that we 396 00:25:21.125 --> 00:25:23.225 kind of bundled this down here, 397 00:25:24.645 --> 00:25:28.105 among the other news just shows you how the 398 00:25:28.549 --> 00:25:31.990 ultra fast delivery StartupRadio is 399 00:25:31.990 --> 00:25:35.429 over. And, I mean, we were talking about a lot. I think in Germany, a 400 00:25:35.429 --> 00:25:39.135 lot of money has been burned in that field, because German are just so 401 00:25:39.135 --> 00:25:42.815 crazy price sensitive when it comes to groceries. Not only that. I I 402 00:25:42.815 --> 00:25:46.600 do believe the the the economics or the unit economics of 403 00:25:46.600 --> 00:25:50.360 a single delivery don't make sense. You remember, like, all the players 404 00:25:50.360 --> 00:25:52.700 been around here, gorillas, joker, 405 00:25:54.155 --> 00:25:57.535 whatever was out there. I think a lot of them 406 00:25:57.675 --> 00:26:01.054 either cut back completely here or 407 00:26:01.595 --> 00:26:05.309 they disappeared at all. So And I would still argue 408 00:26:05.309 --> 00:26:08.909 that having your groceries delivered without going to the supermarket is something 409 00:26:08.909 --> 00:26:12.575 that so many Germans would still consider frivolous and would 410 00:26:12.575 --> 00:26:16.015 be like, no. I I don't know. It's it's just seems like a 411 00:26:16.015 --> 00:26:19.610 cultural, cultural thing compared to the US. US. 412 00:26:20.230 --> 00:26:23.450 And there are new developments in the watch master case, 413 00:26:24.230 --> 00:26:27.990 following a daring heist that led to the insolvency. The former CEO is now under 414 00:26:27.990 --> 00:26:31.745 investigation for insurance fraud. You can read more about this 415 00:26:31.885 --> 00:26:35.725 intriguing twist in our show notes. And l t l 416 00:26:35.725 --> 00:26:39.360 ventures, the VC arm of 1 of Germany's largest TV stations, 417 00:26:39.360 --> 00:26:42.820 will be shut down after not even 1 year. 418 00:26:43.680 --> 00:26:47.345 So this is a, like, great segue into creative destruction. 419 00:26:48.125 --> 00:26:51.725 We may we may add here that, a 420 00:26:51.725 --> 00:26:55.210 competitor of theirs, Prossibinsat Ains, is doing this for quite some 421 00:26:55.289 --> 00:26:59.049 time, quite successful, in terms of media for equity 422 00:26:59.049 --> 00:27:02.750 deals. Not sure why this is not working for RTL 423 00:27:02.809 --> 00:27:06.065 here. Maybe because they serve a different demographic. 424 00:27:06.765 --> 00:27:07.585 As you said, 425 00:27:10.740 --> 00:27:14.120 Switzerland baby food StartupRadio, shuts down operations 426 00:27:14.420 --> 00:27:18.180 immediately despite efforts to secure funding. After 7 years of 427 00:27:18.180 --> 00:27:21.785 innovating fresh baby, they are 428 00:27:21.945 --> 00:27:25.405 they've achieved significant milestones, like expanding, 429 00:27:26.400 --> 00:27:29.760 with products in over 200 stores, and it appears to 430 00:27:29.760 --> 00:27:33.440 be done yet. 2,000 stores, actually, 431 00:27:33.440 --> 00:27:37.164 even. 2,000. 2,000 stores. Oh, yeah. I I 432 00:27:37.164 --> 00:27:40.845 was mistaken. 2,000 stores. I'm sorry. Full 433 00:27:40.845 --> 00:27:43.664 database queen pioneers has to fight for insolvency 434 00:27:44.365 --> 00:27:47.809 and Joe Louvinae. 435 00:27:48.509 --> 00:27:52.190 Beloina announced that it will halt operations by the end of 436 00:27:52.190 --> 00:27:55.965 April due to tough market conditions and 437 00:27:55.965 --> 00:27:59.265 failed efforts despite past acknowledges 438 00:27:59.885 --> 00:28:03.680 acknowledge accolades. Madhu, 439 00:28:03.680 --> 00:28:07.280 I take this again. Sad news. Villainen announces it 440 00:28:07.280 --> 00:28:10.674 will halt operations by the end of I would say I would 441 00:28:10.674 --> 00:28:14.514 say, Halloween. Halloween. Like hero like the like 442 00:28:14.514 --> 00:28:18.355 the female hero. Ah, Halloween announces it 443 00:28:18.355 --> 00:28:22.040 will halt operations by the end of April due to tough market 444 00:28:22.040 --> 00:28:25.560 conditions and failed funding efforts despite 445 00:28:25.560 --> 00:28:29.385 past accolades including ISPO brand new winner 446 00:28:29.385 --> 00:28:33.225 and Europike Gold Award. As always, read more in the link in the 447 00:28:33.225 --> 00:28:37.050 show notes. And Berlin StartupRadio scene takes a hit as 448 00:28:37.050 --> 00:28:40.730 water purifier innovator MITRE files for 449 00:28:40.730 --> 00:28:44.250 insolvency despite early investor backing the venture 450 00:28:44.250 --> 00:28:47.825 struggle to deliver and ultimately offering a 451 00:28:47.825 --> 00:28:51.205 pricely alternative to established brands. 452 00:28:51.665 --> 00:28:54.305 And, Chris, you wanna end on a high Joe? You have 2 and a half 453 00:28:54.305 --> 00:28:57.350 minutes left. I was gonna say, just scattering off some, 454 00:28:57.730 --> 00:29:01.170 successful fundraising and exits. As always, keep in mind, it's a small 455 00:29:01.170 --> 00:29:04.675 selection. News here and their total value show just how 456 00:29:04.675 --> 00:29:08.195 resilient the Startupradio scene is. We included some selected fundraisings at 457 00:29:08.195 --> 00:29:11.635 above €5,000,000 or dollars. This 458 00:29:11.635 --> 00:29:15.440 month, so many announcement. Not all will be, included here, but 459 00:29:15.440 --> 00:29:19.059 some of the highlights. Number 1, our former guest, Kranos Health, 460 00:29:19.355 --> 00:29:22.795 raises €5,000,000 to become the number one health companion of 461 00:29:22.795 --> 00:29:26.440 men. NX Technologies, a cologne based 462 00:29:26.440 --> 00:29:29.899 Fintech company that operates the automotive payment management platform, 463 00:29:30.039 --> 00:29:33.720 Betzal.de, raised €22,000,000 in 464 00:29:33.720 --> 00:29:37.075 series b. We have fundraisings from Switzerland. 465 00:29:37.294 --> 00:29:40.674 €20,000,000 for underrepresented founders were raised there. 466 00:29:40.975 --> 00:29:44.815 Then following the FDA approval for its Otenafil and Otenacure solutions, 467 00:29:44.815 --> 00:29:48.340 Swiss dental StartupRadio, former Lumendo, raised 468 00:29:48.340 --> 00:29:51.700 5,500,000 US dollars to fund the upcoming US 469 00:29:51.700 --> 00:29:54.680 launch. Bakery Bakery secures 1,400,000 470 00:29:55.300 --> 00:29:58.595 Swiss francs from 700 bay bakers bay 471 00:29:58.795 --> 00:30:01.615 backers in that case for Swiss expansion, 472 00:30:02.315 --> 00:30:06.120 while Quibi's mark rewards marketplace receives over 1,000,000 473 00:30:06.260 --> 00:30:09.540 francs, from just 75 supporters. In total, 7 474 00:30:09.549 --> 00:30:12.980 Startupradio a whopping 4.1 Swiss franc 1,000,000 francs 475 00:30:12.980 --> 00:30:16.495 here. Adex Pharma and Perceptive Advisors joined forces to 476 00:30:16.495 --> 00:30:19.794 launch Neurostorix, a new venture with $63,000,000 477 00:30:20.770 --> 00:30:23.910 funding for advancing preclinical assets and drug discovery. 478 00:30:24.770 --> 00:30:28.230 Zurich's own Progyle just launched test results CEO, 479 00:30:28.635 --> 00:30:31.375 an AI platform for overcharging software development. 480 00:30:33.995 --> 00:30:37.720 With a fresh round of seed funding, they're ready to revolutionize tech and 481 00:30:37.720 --> 00:30:40.460 conquer new territories as they say. Photokiteag, 482 00:30:41.399 --> 00:30:44.679 revolutionizing emergency response with fully auto 483 00:30:44.759 --> 00:30:48.605 autonomous tethered UAVs, just closed its latest 484 00:30:48.745 --> 00:30:52.105 series b financing round. And 485 00:30:52.105 --> 00:30:55.520 Freeburg based cleantech b comp closes 486 00:30:55.980 --> 00:30:59.600 €37,600,000 series c to foster mobility decarbonization. 487 00:31:00.780 --> 00:31:04.080 Moving on to Austria, Austrian Health Tech Scale startup 488 00:31:04.515 --> 00:31:08.355 xund, xund. Oh, xund. Oh, this is 489 00:31:08.355 --> 00:31:12.140 a good name because xund is x u n d. X 490 00:31:12.140 --> 00:31:15.040 u n d is Austrian dialect for healthy. 491 00:31:15.660 --> 00:31:19.360 Sund extends seed round funding to €8,000,000 492 00:31:19.740 --> 00:31:22.865 to digitize the patient journey. I mean, 493 00:31:23.485 --> 00:31:26.945 425 episodes, and I think it's probably the first time ever that I, 494 00:31:27.645 --> 00:31:31.480 commanded one of these, naming ideas to 495 00:31:31.480 --> 00:31:34.380 start a first idea, It's our 496 00:31:34.840 --> 00:31:38.600 425th episode, and it's the 425th time I'm 497 00:31:38.600 --> 00:31:41.534 stumbling over StartupRadio don't worry. 498 00:31:43.115 --> 00:31:46.635 Econitix, an Austrian StartupRadio, just secured a major investment to 499 00:31:46.635 --> 00:31:50.389 revolutionize carbon tracking with sensors. This 500 00:31:50.389 --> 00:31:53.429 wraps it up. We will be back on May 30th with the next news episodes 501 00:31:53.429 --> 00:31:57.185 and the next Reg Labs. So we'll go live next week as we said. We 502 00:31:57.185 --> 00:32:00.305 have some news to stay ahead of the curve. We are always looking for your 503 00:32:00.305 --> 00:32:03.905 feedback. You can find us on LinkedIn and Twitter. And 504 00:32:03.905 --> 00:32:07.660 to keep up to date, there's also a publication calendar online on Google. 505 00:32:08.120 --> 00:32:11.880 As always, we thank you for listening, and we say, yeah, have a 506 00:32:11.880 --> 00:32:15.565 nice dance into May. Have a nice 507 00:32:15.565 --> 00:32:19.325 day. Have a good month, and we will be back next month. 508 00:32:19.325 --> 00:32:22.370 That's a wrap. Thanks, Chris. Bye bye. 509 00:32:27.390 --> 00:32:30.785 That's all, folks. Find more news, streams, 510 00:32:31.165 --> 00:32:33.985 events, and interviews at www.startuprad. 511 00:32:36.289 --> 00:32:39.090 Joe. Remember, sharing is caring.