Germany
The latest startup and technology news coming out of Germany.
Black Semiconductor nabs $273M in Germany to supercharge how chips work together
Black Semiconductor, which is developing a chip-connecting technology based on graphene, has raised $273M in a combination of private and public funding.
The next few weeks could be pivotal for Worldcoin, the controversial eyeball-scanning crypto venture co-founded by OpenAI’s Sam Altman, whose operations remain almost entirely shuttered in the European Union following…
Germany’s financial regulator ends anti-money laundering cap on N26 signups after $10M fine
After the Wirecard scandal, Germany’s financial regulator BaFin started to look more closely at young fintech startups that wanted to grow at a rapid pace — it’s better to be…
Berlin-based trawa raises €10M to use AI to make buying renewable energy easier for SMEs
Trawa simplifies energy purchasing and management for SMEs by leveraging an AI-powered platform and downstream data from customers.
Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash
Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand…
Finmid raises $24.7M to help SMBs access loans through platforms like Wolt
finmid is building an embedded finance product that targets that relationship between marketplaces and sellers, and raised a Series A round to further build out its product and enter new…
Tesla’s Berlin factory to shut down for days after suspected arson attack cuts power
Tesla’s factory outside Berlin, Germany will likely be shut down for days and cost the automaker more than $100 million, after a suspected arson attack on the local power grid.…
Inkitt, the self-publishing platform using AI to develop bestsellers, nabs $37M
Everyone has a story in them, as someone famous once said. A startup called Inkitt believes that it can use AI to turn the strongest of these into blockbusters and…
This German nonprofit is building an open voice assistant that anyone can use
There have been many attempts at open source AI-powered voice assistants (see Rhasspy, Mycroft and Jasper, to name a few) — all established with the goal of creating privacy-preserving, offline…
There’s a reason why some people are die-hard Microsoft Outlook fans. It brings together your emails, your calendar events and your contacts in a single app. But . . . it’s Outlook. And some…
Kittl raises another $36M for its browser-based design tool
Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again. The Berlin-based startup…
Insurtech Getsafe acquires a student loan platform to meet its future clients upstream
This is Getsafe’s second acquisition in a few months, after it nabbed the German portfolio of ailing French insurtech company Luko.
N26 launches stock and ETF trading to complement its banking offering
Berlin-based banking startup N26 is rolling out a new stock and ETF trading feature starting with Austria as the first market. This product launch marks a renewed focus on the…
Google makes bid to resolve competition concerns in Germany over its automotive services bundling
Following competition objections raised on Google in Germany this summer over bundling of services including Google Maps via its Android-based in-car infotainment system software, known as Google Automotive Services (GAS),…
Deal Dive: Training the workforce for the clean energy transition
Montamo hires and trains people to work in the clean energy transition with an emphasis on helping migrants build a new career.
Berlin climate startup ecoworks is using a high tech blend to decarbonize buildings
Berlin-based climate startup ecoworks is using digital technologies, AI and industrial robots to tackle a huge and critical problem: Energy inefficient buildings. Around three-quarters of buildings in Europe are deemed…
Scooter startup Tier lays off 22% of workforce to reach profitability
German micromobility operator Tier Mobility is laying off another 22% of its workforce to cut costs in the never-ending grind toward profitability, according to a LinkedIn post from CEO Lawrence…
EU widens scope of food delivery cartel concerns probe
European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc. The Commission hasn’t named the companies involved but the…
Lidl owner and Bosch Ventures co-lead $500M Series B into German AI startup Aleph Alpha
German AI startup Aleph Alpha has raised a Series B funding round of $500 million from a consortium of seven new investors, as well as existing investors from previous rounds.…
While tech companies play with OpenAI’s API, this startup believes small, in-house AI models will win
ZenML wants to be the glue that makes all the open-source AI tools stick together. This open-source framework lets you build pipelines that will be used by data scientists, machine-learning…
European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral…
Google agrees to reform its data terms after German antitrust intervention
Following preliminary objections over Google’s data terms, set out back in January by Germany’s antitrust watchdog, the tech giant has agreed to make changes that will give users a better…
Uber Eats and Getir ink tie-up in Europe for speedy grocery deliveries
Uber Eats and quick commerce player Getir have inked a grocery delivery partnership, starting in the U.K. The tie-up, which expands the range of groceries on tap for Uber Eats’…
Babbel, the popular subscription-based language learning service, today announced that it has acquired Toucan, the well-funded language learning browser extension. Toucan, it turns out, wound down as a company earlier…
E-bike subscription service Dance reaches 10,000 active subscribers
Here are two interesting tidbits of news about Dance, the German startup that offers electric bikes and mopeds via subscription packages. First, the company just added a handful of investors…
Affordable, high-tech EVs in focus at Munich’s IAA Mobility 2023
Automakers around the world have been making an appearance this week at IAA Mobility 2023 in Munich, the largest auto show in Europe. One of the biggest themes at the…
Meta to deprecate Facebook News in the UK, Germany and France
Meta today announced that it will be pulling the plug on Facebook News in the U.K., Germany and France starting in early December. The social networking giant said it was…
Alibaba-backed autonomous driving darling Deeproute sets sight on Europe carmakers
Deeproute.ai, the Shenzhen-headquartered robotaxi startup with $350 million in funding and over 500 employees worldwide, is aiming to open an operations center in Germany in 2024. The move will make it yet…
Open banking — where traditional banks open up their data with APIs to build new financial services for their customers — has the potential to be one of the payment…
SUSE, the German Linux vendor and acquirer of enterprise tools like Rancher and NeuVector, has had its fair share of owners since it was founded in 1992. There was Novell,…
