Berlin, Germany-based startup TVSmiles picked up $7 million in a Series A funding round led by Ventech to expand the reach of its loyalty program for its second-screen app beyond Germany.
Germany
Point Nine General Partners arrive in San Francisco
Berlin, Germany-based investor Point Nine have brought their early stage software-as-a-service portfolio firms to establish home bases in San Francisco and Silicon Valley, VentureBeat reported.
WestTech Ventures launches tech incubator Project Flying Elephant in Berlin
Masoud Kamali and Alexander Kölpin, Founders of WestTech Ventures, have introduced Project Flying Elephant, their incubator in Berlin that will focus on deep tech startups, VentureBeat reported.
Invendo Medical closes $28M for recent funding round led by Xeraya Capital
Colonoscopy system maker Invendo Medical was able to secure $28 million for its latest funding round led by new backer Xeraya Capital, a statement about the funding said.
German app crowdtesting startup Testbirds picks up €2.1M in Series A funding
Munich, Germany-based app crowdtesting startup Testbirds picked up €2.1 million in its Series A funding round led by Seventure Partners for its expansion across Europe.
Latest News
After turning around the performance of Elster Group and making divestments last year, London-based investment firm Melrose Industries is ready to start making acquisitions, Bloomberg reported.
Berlin-based recruiting software startup softgarden merged with job ad media planning service 1000jobboersen.de for an undisclosed amount to form a giant Recruiting-as-a-Service provider called softgarden E-Recruiting.
A Mannheim court dismissed the $2.2 billion lawsuit filed against it by patent holding firm IPCom in Germany on one of the "100" series patents the latter acquired from Robert Bosch GmBH, Bloomberg reported.
Helsinki, Finalnd-based chemical industry group Kemira announced that it will acquire the alkyl ketene dimer (AKD) emulsion unit of Ludwigshafen, Germany-based chemical giant for an undisclosed sum.
Private equity fund managers are employing approaches other than traditional buyouts so they can avoid overpaying for Western companies as competition pushes valuations higher, Reuters reported.
An undisclosed investment amount was given to Germany-based Sunfire from Electranova Capital, the clean technology venture capital fund of Idinvest Partners sponsored by EDF, and Total's venture capital arm Total Energy Ventures.
Android still remains at the top for smartphone sales, getting 70% of sales in the last three months that ended January. However, the real war is among Android makers, TechCrunch reported citing data from Kantar.
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.
Within just 24 hours, Zurich, Switzerland-based encrypted messaging startup Threema soared to the top of Germany's paid App Store chart due to a 200,000 subscriber addition, 80% of which are in Germany.
