#StartupTicker
+++ #StartupTicker +++ zenloop slides into bankruptcy +++ SpaceTech ClearSpace collects 26.7 million ++++ Germany lags behind in terms of InsurTech +++ What is behind the wave of layoffs +++ What remains of the air taxi hype? +++
what’s new In our #StartupTicker we deliver a compact overview of the most important startup news of the day (Tuesday, January 24th).
#STARTUPTICKER
zen run
+++ Offline: The Berlin startup zenloop, a SaaS solution for feedback management, is insolvent. Attorney Torsten Martini was appointed provisional insolvency administrator. The company, founded in 2016 by the Flaconi founders Paul Schwarzenholz and Björn Kolbmüller, generated an annual deficit of around 3.8 million euros in 2021. In total, the development of the young company cost around 11.3 million by the end of 2021. signals Venture Capital, Nauta Capital and Piton Capital recently invested EUR 6.1 million in zenloop in the summer of 2020. In total, more than 12 million euros have already flowed into the company. Most recently, the zenloop team thought it was on the way to profitability (until April). The company had previously separated from 60 of its 80 employees due to falling sales. A six-figure convertible loan should now make the way to spring possible. Surprisingly, this convertible loan did not come about – the workforce had already been informed about this. Apparently, a smaller shareholder rejected the project completely. More about zenloop
ClearSpace
+++ SpaceTech continues to boom – and Lakestar is back! OTB Ventures, Swisscom Ventures, Future Fund, Lakestar, In-Q-Tel, Happiness Capital and 600 T Space Investments are investing EUR 26.7 million in ClearSpace. The SpaceTech from Lausanne, founded in 2018 by Luc Piguet and Muriel Richard-Noca, focuses on in-orbit services and the disposal of space debris. More about ClearSpace
InsurTech
+++ Germany is lagging behind when it comes to InsurTech. “Although Germany is the largest economy in Europe, it is well behind the UK (224) and France (194) in terms of the number of InsurTechs (128) in particular,” says the study “10 Years of InsurTech in Germany”, which was published on Insurlab Germany, published by Maschmeyer Group and Astorya.io. “At first glance, Germany seems to be investing the highest amounts of funding in InsurTechs compared to the other two countries. However, it shows that 62% of investments since 2019 have flowed into a single startup, namely Wefox,” the study says. More about 10 Years of InsurTech in Germany
#WORTH READING
+++ “What is behind the wave of layoffs? With Alphabet, the next big tech company has announced that it will lay off thousands of employees. What’s next for the industry that has lived beyond its means in recent years?” More at the Tagesschau
Air taxis
+++ Nothing but announcements: What’s left of the air taxi hype. Air taxis have been announced for years, but so far not a single company is on the road in regular operation. Are the billion-dollar projects threatening to fail?” More at start-up scene
#DEALMONITOR
Investments & Exits
+++ 42watt gets millions +++ Artoui pocketed 1 million +++ Carl and DoubleDigit merge. More in the deal monitor
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