Celebrity Investors Back Shiny Tech Startup Idagio's Unconventional Freezing Sperm Project in the Middle-lands Food Industry
In the bustling startup scene of Berlin, several exciting developments have taken place over the past few weeks. Here's a roundup of some key events that have caught our attention.
New Startups on the Block
Christian Reber, the founder of Pitch and Superlist, has teamed up with his brother Ronny Reber and Christian Rosenberg to launch a new games startup, Shiny. The trio is almost ready to unveil their first game, Tidal Rush, which is set for early access soon. Meanwhile, Bastian Krautwald, Lauren Schmidt, and Sven Wissebach have founded Mitte, a startup focusing on Padel, the popular Spanish racket sport.
Mergers and Acquisitions
The FinTech sector has seen some significant changes with FinTech Bling acquiring Finstep, and iTernity and Biomedion merging. These moves are expected to create synergies and drive innovation in their respective fields.
Investments and Funding
Mitte has managed to secure 3.5 million euros in investment from DLF Venture, EPIX Sports, and several business angels. This funding will help the startup to grow and expand its operations in the Padel market. On the other hand, RegTech company Certivity has raised 13.3 million euros from Almaz Capital, UVC Partners, Earlybird X, and others. The company, which has been working since 2021 to transform complex regulatory requirements into structured, digital requirements, is expected to improve regulatory compliance efficiency.
Insolvency and Challenges
Unfortunately, not all news is positive. The musical Berlin startup Idagio, a "streaming app for classical music," has filed for insolvency due to inability to pay and over-indebtedness. This is a reminder of the challenges that startups face in the competitive tech industry.
Trends to Watch
In the child wish segment, a new trend is emerging: Sperm Freezing. This is gaining attention in the startup world, as innovations in this area could potentially revolutionise family planning.
Notable Investments in Food Startups
Prominent football stars like Harry Kane, Manuel Neuer, and Jonathan Tah have invested in various food startups. This trend suggests a growing interest among athletes in the food tech sector and could lead to exciting innovations in the future.
Upcoming Events
Mark your calendars for the second STARTUPLAND event, which is scheduled to take place on November 5th. This event promises to be a great opportunity for startups, investors, and tech enthusiasts to connect and discuss the latest trends and developments in the startup world.
Stay tuned for more updates on these startups and the exciting world of German tech!
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