Tag: German
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German VC coalition calls for institutional capital shift to power next-gen startups
24 of Germany’s leading venture capital funds have joined forces to launch the German Venture and Growth Forum and publish the German Venture & Growth Playbook, which uses market data to highlight the venture capital asset class’s risk-return dynamics and investment potential. The news is launching today at the “Future at the table”, a side read more
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German AI translation startup DeepL to axe 250 staff
DeepL, the German AI translation startup, is cuttingaround 250 jobs, about a quarter of its headcount, saying it was moving to smaller teams so it is able to compete amid rapid AI advancements, its CEO said today. Posting on LinkedIn, Jarek Kutylowksi, CEO andfounder, said the cuts at DeepL, which employs over 1,000 people globally, read more
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German deeptech eleQtron lands €57M Series A funding
German deeptech company eleQtron has raised €57 million in a Series A funding round to accelerate the industrial scaling of its trapped-ion quantum computing technology. The investment was led by Schwarz Digits, the digital and IT arm of the Schwarz Group, with participation from the European Innovation Council Fund. Additional investors include existing backer Earlybird, read more
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German robotics startup Sereact raises $110M
German robotics startup Sereact has raised $110m in a Series B funding round, with the funding used to develop and scale its latest AI model and US expansion, it announced today. The round was led by San Francisco and Berlin-based VC Headline, with Bullhound Capital, Felix Capital, and Daphni alsoinvesting. Returning investors Air Street Capital, read more
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Prominent German Art Foundation Accuses Top Culture Official of ‘Attempted Intimidation’
Jurors from the Kunstfonds Foundation, a prominent German body that funds contemporary art projects, have publicly denounced the country’s top cultural policy official after he requested the names of its current members. In a statement first reported by Der Spiegel, the art fund’s jury described the initial request from Minister of State for Culture Wolfram read more
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German deeplify raises €2M to modernise infrastructure inspections
German industrial AI startup deeplify has announced the successful closing of a €2 million pre-seed funding round. The round was led by D11Z Ventures, with participation from Vanagon Ventures, EWOR, and a group of strategic business angels. The investment will support the company’s mission to modernise how critical infrastructure is inspected and managed. The company read more
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German fintech Solaris to axe 20 per cent of 400-strong workforce, as becomes “AI-native bank"
One of Germany’s most high-profile fintechs inrecent years is cutting 20 per cent of its workforce, as it looks to become an “AI-nativebank”, marking the latest restructure at Solaris. Solaris,which offers white-label banking services and is known as a BaaS (Banking-as-a-Service) provider, is axing around 80 roles across its approximately 400-strong workforce, as it undertakes read more
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German INCIRT secures €4.8M to power next-gen chip architecture in Europe
INCIRT, an Aachen-based deeptech company, has closed a €4.8 million funding round led by Lifeline Ventures, with participation from High-Tech Gründerfonds. INCIRT is developing a new generation of data converters capable of delivering up to 100 times faster data conversion than conventional approaches. Instead of relying on increasingly smaller and more costly manufacturing nodes, the read more
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How the Berlinale Turned Into a Horror Show of German Censorship
Despite its desperate attempts to divorce art from politics, the Berlin International Film Festival (Berlinale) sparked controversy yet again after multiple prizewinners’ acceptance speeches included criticisms of Israel and Germany. Amid speculation that Berlinale Director Tricia Tuttle could be ousted as the event executives navigate the next steps, hundreds of film professionals have come to read more
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Lakestar-backed German drone maker Twentyfour Industries emerges from stealth
A Munich-based drone maker, backed by Lakestar, has come out of stealth, trumpeting its sovereign defence production credentials. Called Twentyfour Industries, the startup, incorporated in late 2024, has raised $11.8m from Lakestar, OTB Ventures, and 468 Capital. It says it hasmoved from product design to production and field deployment of European drones in less than read more
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German sustainability software outfit osapiens becomes unicorn, following $100M raise
German startuposapiens,which providessoftware-as-a-service (SaaS) services to help companies meet ESG targets, says it has become a unicorn after raising $100m. The Series C round was funded solely by Decarbonization Partners, the joint venture betweenBlackRockand Temasek focused on late-stage VC investing in decarbonising tech. The company isnow valued at over $1.1bn, following this round, it said. read more
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Wayve acquires German startup Quality Match
Wayve, the UK self-driving startup, has acquired a German startup which specialises in analysing AI model training data for automated driving..The UK startup has acquiredQuality Match, founded in 2019, whichemploys around 20 staff, for an undisclosed amount. The acquisition comes as London-based Wayve looks to trump rivals such as Tesla to prove that its tech read more
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