🗞 What you've missed
Investments, acquisitions and exits.
PAYBACK Germany's biggest loyalty program turns 21 (English - 2 mins read)
Launched in March 2000 Payback is now the biggest loyalty program card being accepted in most retails across Germany. As of this moment, customers have collected points worth a total of around 5 billion euros.
EY is under investigation after the Wirecard scandal last summer(German - 5 mins read)
Bafin (Federal Financial Supervisory Authority) is examining whether EY has the basic qualification as an auditor for financial services. EY has been auditing the Wirecard balance sheet for years, but as the Wirecard scandal exposed the lost billion dollars fraud EY is being questioned as an auditor.
TUM tops the QS World University Rankings as #1 in Europe (English - 2 mins read)
The Technical University of Munich achieved first place in the EU according to the QS world university rank that is 5 places ahead of its position last year. The ranking is led by MIT, Stanford, Harvard, Caltech, and Oxford.
Explore the 278 most promising AI startups in Germany
UnternehmerTUM has released this comprehensive landscape for the most promising AI startups. It can be observed that the main focuses are manufacturing and mobility with a slight growth in health care startups.
💰 Big Money
Investments, acquisitions and exits.
European VCs to get extra €1bn from EIF(English - 5 mins read)
The European Investment Fund (EIF) approved a 64% increase in the funds capital to reach €7.4bn. The aim is to accelerate the bounceback post-Covid-19 economy.
Digital financial advisor Forget.finance raises €700k from an angel investor (German - 3 mins read)
"Forget. finance" the newly launched digital financial advisor app just raised a €700k in a seed round. Personios's founder Hanno Renner is reported to be of the early believers in this company that aims to provide financial education. It's too early to know what they offer but we will keep an eye on it.
SaaS provider for the electronics industry Luminovo closes a seed round of €2.5M (English - 5 mins read)
Luminovo.io develops an AI solution with the potential to save around 70% of functional tests during electronic chip development have announced it's seed round with industry experts on board as Daniel Dines (Founder and CEO of UiPath), Charles Songhurst (former head of strategy at Microsoft), enterprise software entrepreneur Carsten Thoma (co-founder of Hybris, sold to SAP), Jan Stumpf (Founder of Ascending Technologies, sold to Intel).
🔭 Startups to watch
Startups worth keeping eyes on
Air up: flavoring pure water just by scent (English - 5 mins read)
Airup offers flavors drinks using just scented The founders came up with the concept while at university learned that 80% of flavor perception is done through our noses. The Company has now raised series A from investors including PepsiCo itself.
Sustainability Startups Landscape in 2021 (English - 5 mins read)
No word is more music to the German ears than the word "sustainability". Here is a Map of the startups working in the sustainability domain in the DACH region.
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