Weekly Wrap-up 33/2024

Porsche invests double-digit million amount in Flix: Porsche Automobil Holding is participating in a co-investment with EQT in Flix and is investing a low double-digit million amount. The participation with EQT is taking place as a co-investment with the impact fund EQT Future, in which Porsche already participated at the beginning of the year. (Photo: Flix)

Parking startup Wemolo secures financing: CIBC Innovation Banking has provided fresh capital to Munich-based startup Wemolo. The young company specializes in digital parking solutions with license plate recognition. The financing will be used to expand Wemolo’s product portfolio and presence in Europe. (Photo: Wemolo)

UVC Partners closes fourth fund with 250 million euros: UVC Partners, the venture capital company behind the innovation center UnternehmerTUM, has raised 250 million euros for its fourth fund in just six months. This increases the company’s assets under management to over 600 million euros. (Photo: Christian Kudler)

Probis plans to continue growth trajectory: JLL Spark Global Ventures, the corporate venture capital division of international consulting firm JLL, has coordinated the Series A funding round of Munich-based software developer Probis and invested the largest, unspecified share. Probis develops software that uses artificial intelligence (AI) and benchmark technology to optimize financial management in real estate development. (Photo: Grant Lemons / Unsplash)

Isar Pyrolysis converts plastic waste into valuable fuels locally: According to a 2017 study, approximately 6.3 billion tons of plastic waste have been generated since plastic was invented. 79 percent of it is in landfills or directly in the environment – in rivers, on beaches, as part of the notorious garbage patches, or as microplastics in the food chain. And every year, around 350 million tons of plastic waste are added, of which only just under 15 percent are recycled. A gigantic problem that startup Isar Pyrolysis wants to combat. The Munich-based company is developing a flexible system that produces fuel from plastic waste. In doing so, it aims not only to reduce waste but also to supply remote locations with fuel. An interview with the founding team. (Photo: Frimufilms / Freepik)

Weekly Wrap-up 33/2024

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