Weekly Wrap-up 38/2024

€30 million in Series B: In an oversubscribed Series B funding round, €30 million goes to Deepdrive. The funding enables the e-mobility startup to prepare for series production of its electric motor. (Photo: Deepdrive)

“Transformation requires learning and collaboration in the collective”: Tina Ruseva founded Mentessa in 2019. Her startup is a “mentor at work” that enables personalized personnel development. Ruseva describes herself as a “Woman in Tech turned Entrepreneur”. She started as a certified media informatics graduate from LMU and at Microsoft, and after an MBA in Entrepreneurship & Innovation (TUM) launched as a founder. Since then, she has founded several startups and social organizations, including the “Big & Growing New Work” festival and the German Association for New Work. Her new book “I don’t have to do anything” will also be published by Haufe on September 24. (Photo: Haufe)

Egym raises €180 million and becomes a unicorn: Munich has a new unicorn: The fitnesstech company Egym secures approximately €180 million in growth capital from L Catterton and Meritech Capital at a pre-money valuation of over one billion euros. (Photo: Egym)

Quantum Systems expands Series B to €100 million: The Munich-based drone manufacturer Quantum Systems has successfully expanded its Series B funding and raised additional capital. The total amount of the round thus increases to €100 million. The new lead investors include Notion Capital and Porsche SE. (Photo: Quantum Systems)

“Competition for investment is intensifying”: What do creativity, sophistication, and perseverance have to do with startup financing? Any Munich startup or investor who hasn’t heard of Baystartup yet has missed something. Because Baystartup offers a comprehensive support program for young companies and an investor network with more than 400 business angels, family offices, and 200 venture capital firms. For its tenth anniversary, we spoke with CEO Carsten Rudolph about the development of Munich’s startup scene. Not only as a retrospective, but also looking toward the future. (Photo: Andreas Gebert / Baystartup)

Weekly Wrap-up 38/2024

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