Berlin VC Point Nine creates new €75 million fund
Point Nine Capital, a Berlin-based venture capital firm, announced the creation of their fourth fund with a total of €75 million ($83.9 million). Horsley Bridge Partners, Sapphire Ventures, Vintage Investment Partners from Israel, Flossbach von Storch from Cologne and several internet companies contributed to the fund. Point Nine Capital is primarily focused on SaaS and online marketplaces, but invests in startups worldwide.
Gaming startup TreasureHunt closes Series A with €6 million
The Berlin-based startup TreasureHunt, which started in 2014, raised €6 million in a Series A round with help from the Gauselmann Group, a family-owned business that specializes in arcade games. The startup plans to use their newly acquired cash to spread the word about their new gaming app, Boomie Blast.
Berlin startup Kreatize raises undisclosed amount
The Berlin startup Kreatize raised an undisclosed million-euro amount, with investment from Atlantic Internet, a fund established by Christophe Maire and several business angels, such as SAP Manager Christian Dahlen and the founders of Adjust, Christian Henschel and Paul Müller. Since launching in 2015 the startup has secured a mid-sized seven-digit amount in funding. The startup, which offers software solutions for manufacturing partners, wants to use the new funding to expand their team.
US startup WeWork to expand in Germany
The US startup WeWork, which offers co-working spaces, is expanding in Germany and hopes to open their third Berlin-based co-wrking space in November. The location of the co-working office will be at Kurfürstendamm, with a view looking out towards Breitscheidplatz. Each desk costs €37o euros a month and a private office runs at €550.
Neighborhood portals Nebenan.de and WirNachbarn merge
Two German neighborhood networking platforms, Nebenan.de and WirNachbarn, have merged together, according to a Nebenan.de press release. The price tag of the acquisition was not shared. Nebenan.de was founded by Christian Vollmann in 2015, and is backed by the Swiss venture capital firm Lakestar, the Munich-based publishing house Burda and several business angels.
Berlin startup Packator collects €2 million
In a second financing round, the Berlin delivery-service startup Packator raised €2 million, according to their press release. Investors include Horst Julias Pudwill, who is also invested in the German football club Hertha BSC. The startup, launched in 2016, and let’s customers find a suitable courier for their needs. The app provides information in real time regarding their deliveries. The startup’s next goal is to expand into Asia.
Munich startup TrustYou sold to Japanese investor
Recruit Holdings, a Japanese investor, purchased the Munich-based startup TrustYou (German) for an undisclosed amount. The startup, founded in 2008, helped users determine which reviews and ratings they could trust before making a purchase. The software since expanded and offers a variety of tools.