Wefox opinion's of recent tech layoffs😔, German EV batteries 🔋, and Glassdollar's Top 100 startups in Germany 🦄
15.02.23
https://www.germantech.news/
🗞 What you've missed
Important headlines and their gists
WeFox CEO Criticizes Tech Industry for Inhumane Layoffs
(English - 5 mins read)
Julian Teicke, the CEO of German insurtech firm WeFox, has spoken out against the recent trend of mass layoffs in the tech industry, describing the practice as "inhumane." In an interview with CNBC, Teicke expressed his disgust at the way companies are treating their employees, many of whom are being let go with little notice or compensation. He argued that such practices are not only unethical but also short-sighted, as they harm the morale and productivity of the remaining staff.
BetterCoach's Success Story: How Bootstrapping Led to a Thriving Business
(English - 4 mins read)
BetterCoach: a digital platform that connects individuals with professional coaches founder, describes how he was able to bootstrap the business from the ground up, starting with just a few coaches and gradually growing the team as demand increased. He emphasizes the importance of focusing on delivering a high-quality service and building relationships with clients in order to attract new business through referrals. Today, BetterCoach has a strong reputation in the coaching industry and serves clients from a wide range of backgrounds and industries.
💰 Big Money
Big investments, acquisitions and exits.
German EV battery recycling startup Cylib secures €8 million seed funding to drive sustainable mobility
(English - 2 mins read)
Cylib, a German startup that specializes in recycling lithium batteries for EVs, has raised €8 million in seed funding. The company's water-based process for lithium and graphite recovery, which reportedly achieves a recycling efficiency of 90%, helps to reduce the carbon footprint of the battery value chain and makes the electric mobility industry more sustainable. The investment, which comes ahead of EU regulations expected to tighten the obligations of EV manufacturers to recycle batteries, will enable Cylib to pursue its expansion plans and meet the rising demand for EVs.
Knowunity secures $9m in Series A extension to expand EdTech offerings
(English - 4 mins read)
EdTech firm, Knowunity, has raised an additional $9m in a Series A funding round extension, which brings the total raised to $19m. The firm aims to expand its offerings to meet the increased demand for online education and digitisation in the wake of the Covid-19 pandemic. Knowunity's platform provides personalised learning experiences for students through artificial intelligence, and the additional funds will go towards further developing the technology and expanding the company's reach in the global education market.
Maya Climate receives €1.2 million to develop nature-based solutions
(English - 4mins read)
Berlin-based startup Maya Climate has secured €1.2 million in funding to support the development of nature-based solutions to tackle climate change. The company has already created a platform that uses satellite imagery to identify degraded land suitable for ecosystem restoration, and connects businesses and individuals with projects that aim to offset their carbon footprint. With the new funding, Maya Climate plans to expand its platform to include more restoration projects and to incorporate new technologies that can help measure and verify the impact of these initiatives. The startup aims to provide an effective and scalable way to fight climate change, while also creating economic opportunities for local communities.
🔠Good reads
Articles and posts worth reading
Glassdollar's 2022 German Top 100 Reveals Leading Startups in the Country
(English - 1 mins read)
Glassdollar has released its 2022 German Top 100, showcasing the country's most promising startups. The list is based on Glassdollar's ranking algorithm, which takes into account factors such as funding rounds, team size, and social media presence. The top three companies are Mondu, Sastrify and 1KOMMA5°.
The 3 Essential Product Metrics for Pre-Revenue Startups
(English - 3 mins read)
Enzo Avigo argues that startups in the pre-revenue stage should focus on three essential product metrics: active users, user retention, and core feature engagement. These metrics provide a compass for startups to know if they are heading in the right direction and building a sticky product. The article explains how to define and measure each of these metrics, and how they can be used as key performance indicators (KPIs) before a startup starts charging users.
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