Craft platform Dawanda lay off 25% of staff
The Berlin-startup Dawanda, which offers an online platform for selling and purchasing hand-made goods, let 60 employees go. The layoffs were across all departments, but marketing and administration were most heavily affected. Employees located in Spain and Poland were also let go. The startup shared with Gründerszene that they can now focus on mobile offers and the user experience on the platform.
ArangoDB closes round with €4.2 million
The Munich-based capital venture firm Target Partners announced investing 4.2 million euros (4.8 million USD) in the open-source NoSQL database ArangoDB on Thursday. ArangoDB was founded in 2014 and is based in Cologne. The startup helps enterprises and startups “speed up innovation cycles, simplify technology stacks and increase on-time and on-budget delivery of software projects.”
Make.TV pulls in $8.5 million to grow live video feature
The Cologne-based startup Make.TV announced raising 8.5 million USD in a round led by Voyager Capital on Thursday. The startup, which was founded in 2010 and helps broadcasters “discover, acquire, produce and distribute video content,” also received funding from Microsoft Ventures, Vulcan Capital and Arnold Ventures. The money will be used to generate new sales, hiring and for continued expansion in the US, Make.TV’s CEO Andreas Jacobi said in an interview with VentureBeat.
Job sharing startup Tandemploy receives €3 million
The startup Tandemploy, founded in 2013, announced investment from two business angels: Werner Brandt, a former SAP board member, and Michael Kramarsch, founder of a Frankfurt consulting company. The startup encourages others to use their software and adopt job sharing in their workplace. This is where several people partner up and apply to the same job together.
GoEuro partners with Chinese booking platform Qunar
The Berlin-based startup GoEuro, a travel planning platform, announced it has partnered with Qunar, a Chinese booking platform, on Wednesday. In an interview with TechCrunch, the startup confirmed this is its “first move to Asia” and they are integrating “core data.”
Logistics startup Synfioo receives seven-digit investment
The Potsdam-based startup Synfioo announced receiving a seven-digit investment from Brandenburg Kapital Tuesday. The startup’s built-in software determines precise arrival by factoring in weather conditions, wait times and traffic conditions.
Rocket Internet sells last Lazada shares
Rocket Internet sold its last remaining 8.8 per cent of Lazada shares to Alibaba, a Chinese internet giant for 276 million USD. Alibaba already owned the majority of Lozada’s acres after purchasing them in April 2016.
ProSiebenSat.1 sells 16 startup investments
The Munich-based media company ProSiebenSat.1 sold its investment portfoilio – of 16 startups – to the private equity firm Lexington Partners for roughly 50 million euros. “As part of the deal, ProSieben’s venture capital arm SevenVentures will bring in 16 particpations in a new joint venture called Crosslantic Capital,” a report by news agency Reuters said. Babymarkt, Kiveda, Auxmoney and Clark are among the startups making the switch.
HelloFresh takes out €60 million in credit
The Berlin-based meal kit startup HelloFresh turned to Deutsche Bank, JP Morgan, BNP Paribas and Rabobank for a 60 million euro loan. Citing insiders, the news agency Reuters, said HelloFresh was contemplating an IPO at the end of May, and this recent credit could be further evidence of that decision. HelloFresh declined to comment on the IPO rumors.
Project A startup Contorion exits for more than €100 million
The Munich-based startup Contorion, an online B2B marketplace for industrial and trade supply, announced its acquisition by the Hoffmann Group on Monday. The startup previously received investment from the Berlin-based venture capital firm Project A and Endeit Capital and Klöckner & Co. The startup, which was founded in 2014, is said to have been sold for more than 100 million euros. This number has not been verified by Contorion or the Hoffmann Group.