You can find the newsflash for August and all other episodes of our podcast on Spotify, iTunes, Amazon Music, Deezer, Google Podcasts, Pocket Casts, Radio Public, Breaker, Overcast, Castbox, Podcast Addict and Anchor.
Despite hot weather and vacation time, there were also some funding rounds to report in August – in our monthly review, we start with them from minute 2:45. Here’s the overview: Cerabyte secured an undisclosed amount for the development of a new storage medium based on display glass and ceramics. The anti-money laundering startup Hawk convinced Macquarie Capital of another investor. And the space industry supplier Dcubed received 4.4 million euros from various investors in August. Additionally, the specialist for enterprise software Flowers Software raised 6 million euros. And at Voiceline, a startup with solutions for field service employees, 2.4 million euros were raised.
Furthermore, Porsche Automobil Holding secured a stake in Flix. As part of a co-investment with EQT, the holding is investing a low double-digit million amount in the Munich mobility company. Additionally, parking startup Wemolo completed funding in August through Canadian bank CIBC Innovation Banking. Probis, in turn, was able to win JLL and Spark Global Ventures, among others, for its series A. The Munich software developer has developed a cloud-based platform for efficient and transparent financial process management. Additionally, healthtech XO Life secured 7 million euros and AI company Qualiwise a six-figure amount.
Acquisitions, partnerships and other success stories in the newsflash
There was only one acquisition to report in August (from minute 8:45): The Munich SaaS provider Shore was acquired by Swedish website service provider Group.one. Founded in 2012, the company offers digitalization solutions such as online appointment booking and mobile point-of-sale systems for service providers, craft businesses and other mid-sized companies. Through the acquisition of the Munich-based company, this product range should expand Group.one’s portfolio.
August also brought news in the area of partnerships (from minute 9:15): Rebike found a new partner in Businessbike, for which the Munich-based company will now refurbish e-bikes from its company bike program. Flix will work with Europe’s Famous Hostels in the future, which means that travelers can receive up to 20 percent discount on their stay at one of the award-winning hostels if they arrive by Flixbus. And the AppliedAI Initiative was even able to win two new partners: MCML, the Munich Center for Machine Learning, and SAP.
To conclude our newsflash (from minute 11:05), we briefly discuss UVC Partners. The venture capital firm behind the UnternehmerTUM innovation center closed its fourth fund in August and raised 250 million euros. The closing came together faster than ever before, taking only six months for UVC Partners to raise the money. This increases the firm’s assets under management to over 600 million euros.
