Deep Tech Germany - Startups and Venture Capital Startuprad.io

Welcome to our May 2024 wrap-up, delivering vital news from the startup and tech entrepreneurship scenes in Germany, Austria, and Switzerland—all in 30 minutes or less! 🎧

Join Chris from New York City and Joe from Frankfurt as they bring you the latest updates in the GSA region. Due to Whit Monday and travel plans, this news cut is from May 16th. Any news not covered today will be included in our next wrap-up.

#### Schedule:

- Next Episode: June 27th

- Summer Wrap-Up: September 2nd (Labor Day)

We'll have a lighter summer program, possibly with more frequent updates, based on listener requests.

#### Highlights:

The startup scene is roaring back in GSA, with large investments and early-stage innovations. Grab a drink and a snack—this episode is packed with positive news and is longer than usual.

- New VC Funds Raised: Over $7.5 billion

- Germany's Air Taxi Dilemma: Lilium and Volocopter are at a crossroads, with France offering subsidies while Germany debates state support.

- Amazon's €7.8 Billion Investment: Development of a purely European cloud storage infrastructure in Brandenburg.

- WeFox Challenges: Valuation setbacks amid growth challenges.

- Alzheimer's Research Boost: Takeda and AC Immune's $2 billion partnership.

- Biontech's Resilience: Despite Q1 losses, Biontech advances its oncology pipeline and prepares for a renewed push in COVID vaccine demand.

For detailed news and updates, visit our [blog](https://startuprad.io/blog) with all the latest stories. Interested in collaborations or advertising opportunities? [Storefront](https://workspace.passionfroot.me/startupradio).

Don't forget to subscribe on Spotify and Apple Podcasts to stay updated with the latest news from the GSA startup scene!

---

Detailed Topics:

1. Will German Air Taxis Fly?

Germany debates support for air taxi startups Lilium and Volocopter, while France offers subsidies. Lilium is in advanced talks with the French government for expansion plans and potential financial aid. [Read more](https://buff.ly/3UBNCHS).

2. Amazon's Investment in Brandenburg:

Amazon's €7.8 billion investment in Brandenburg to develop purely European storage capacities highlights its commitment to data sovereignty. [Read more](https://buff.ly/3V1PJpN).

3. WeFox Valuation Takes a Hit:

WeFox faces valuation woes amid growth challenges, impacting its once promising trajectory in insurtech. [Read more](https://buff.ly/3UIByES).

4. Alzheimer's Research Collaboration:

Takeda teams up with Swiss firm AC Immune in a deal potentially exceeding $2 billion to fight Alzheimer's. [Read more](https://buff.ly/4dJN5wk).

5. Biontech's Oncology Advances:

Despite significant Q1 losses, Biontech continues to advance its oncology pipeline and prepares for a renewed push in COVID vaccine demand. [Read more](https://buff.ly/3wDhn33).

Revolutionizing Data Analysis: The Journey of Scavenger.ai

In this exciting episode of Startuprad.io, host Jörn "Joe" Menninger sits down with Maximilian Hahnenkamp, the co-founder of Scavenger.ai. Max shares his remarkable journey from being a professional field hockey player in Austria to founding an innovative AI startup in Frankfurt. Scavenger.ai is making waves in the world of data analysis, offering cutting-edge AI tools that simplify complex data management for businesses.

Max discusses the company’s impressive €1.1 million pre-seed funding and their plans for a full software launch by June 2024. He also emphasizes the need to reduce bureaucratic hurdles for startups and talks about the ongoing efforts to expand their team and attract new investors.

Key Topics Discussed:

- Early Beginnings: How Max’s field hockey career shaped his entrepreneurial spirit and leadership skills.

- Internship Insights: The impact of Max’s internships at Deloitte and the Financial Times Challenge on his journey.

- AI Challenges and Opportunities: The unique challenges in the AI and big data landscape that led to the creation of Scavenger.ai.

- Technical Innovations: How Scavenger.ai’s trio of AI tools work together to provide unparalleled data insights.

- Scalability and Growth: The factors that have enabled Scavenger.ai to scale effectively.

- Funding and Investment: The role of early funding from HTGF and CampStorm Ventures and future investment plans.

- Customer Focus: How Scavenger.ai’s flexible AI solutions cater to a diverse range of industries and customers.

- International Expansion: Preparations for global expansion and the advantages of GDPR compliance.

- Team Growth: The skills and qualities Scavenger.ai looks for in new hires.

- Support for Startups: How local governments and innovation hubs can better support early-stage startups.

About Maximilian Hahnenkamp:

Maximilian Hahnenkamp is a 26-year-old entrepreneur from Vienna, Austria. His journey combines a background in professional sports and academia. He led Austria's youth national field hockey team and pursued studies in business law and management. Max’s innovative thinking and leadership skills culminated in the creation of Scavenger.ai, an AI startup focused on transforming data analysis for enterprises.

About Scavenger.ai:

Scavenger.ai, based in Frankfurt, aims to revolutionize data analytics through AI. With €1.1 million in pre-seed funding, the startup offers a unique solution for data analysis, featuring AI tools for data cleaning, statistical analysis, and interpretation. Their scalable infrastructure supports multiple languages and ensures GDPR compliance, catering to clients ranging from SMEs to large enterprises in various sectors.

Venture Capital Funding:

Scavenger.ai’s notable investors include HTGF and CampStorm Ventures. Interested in participating in the next funding round? Reach out to explore investment opportunities.

Tune in for an insightful conversation on innovation, entrepreneurship, and the future of AI-driven data analysis.

Find all blog posts with all the links on our blog

https://www.startuprad.io/blog

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Join us in this episode of Startuprad.io as we explore the dynamic world of logistics with Boris Bösch, Co-Founder and Co-CEO of Everstox. Discover how Everstox is reshaping the industry landscape through innovative technology and strategic partnerships. Boris shares insights into Everstox's journey, from its inception to its ambitious plans for expansion and Series B funding in 2025.

Delve into the intricacies of logistics management as Boris discusses Everstox's AI-driven software platform, designed to optimize batch tracking, inventory management, and returns processes. Learn how Everstox ensures high customer satisfaction across diverse international markets while navigating complex logistical challenges.

Explore the strategic importance of modular software solutions and strong partnerships with industry giants like DHL and UPS. Boris highlights Everstox's asset-light approach and its role in delivering efficient, customer-centric supply chain solutions akin to contemporary successes such as Flix and Uber.

Uncover the future of logistics and inventory management as Boris shares his insights into the role of AI and data integration. Gain valuable perspectives on international expansion strategies and the cultural approach of Everstox within diverse markets.

Whether you're a logistics enthusiast, an entrepreneur, or a curious listener, this episode offers invaluable insights into the evolving landscape of logistics and the innovative solutions driving its transformation.

Visit Everstox online to explore job opportunities and learn more about their groundbreaking solutions. Don't miss out on this enlightening discussion with a visionary leader at the helm of logistic innovation.



Find All Links and Show Notes Here:https://medium.com/startuprad-io/everstox-revolutionizing-logistics-with-ai-and-modular-software-db3e1a533284

The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:

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🌟 April 2024 Startup & Tech Wrap-Up 🌟 | Germany, Austria, Switzerland | Biotech Breakthroughs, Fintech Boom & Space Innovation 🚀In just 30 minutes, get the latest on the hottest entrepreneurship news from the heart of Europe! From groundbreaking acquisitions to futuristic ventures, here's what you need to know:

🔬 Novo Nordisk's €1.025B Biotech Splash! Discover how Novo Nordisk's landmark acquisition of Cardior Pharmaceuticals is reshaping the biotech landscape.

🚁 Volocopter's €150M Boost! Despite challenges, Volocopter gets a significant funding injection for its flying taxi vision.

💡 Zolar Shines with €100M! Learn about Zolar's massive credit line and its innovative financing options.

💰 ELEMENT Scores €50M! Explore how ELEMENT is revolutionizing InsurTech with its latest funding round.

🏦 Berlin: Fintech Capital! Berlin solidifies its status as the Fintech Capital with 160 thriving startups.

🛰️ Mynaric's Space Laser Triumph! Witness Mynaric's milestone in global space development with the CONDOR Mk3.

Don't miss out on the latest tech and entrepreneurial breakthroughs! Watch now for all the details. #entrepreneurship #technews #startupscene #startupradio

Find all links and show notes here:https://medium.com/startuprad-io/this-month-in-german-swiss-and-austrian-gsa-startups-march-april-bb97d8243696


Feedback
We are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! We would love to hear from YOU!!!
https://forms.gle/mLV6mVKwGwKuut8BA

Lower your Costs of ISO 27.001 and SOC 2 Compliance by up to 85% [with our Partner Vanta]Achieving ISO 27001 or SOC 2 compliance can unlock major growth for your company and build customer trust, but this process can be time-intensive and costly.

Vanta automates compliance, getting you audit-ready quickly and saving you up to 85% of associated costs. And Vanta scales with your business, helping you enter new markets.

Join 7,000 global companies like Atlassian, Flo Health, and Quora that trust Vanta. Claim 20% off Vanta at vanta.com/startupradio

IntroductionExplore the Future of Work with Zenjob's Innovative Temp Staffing Approach on Startuprad.io E 424

Join host Jörn "Joe" Menninger as he engages in a dynamic conversation with Frederik Fahning, the co-founder of Zenjob, on the latest episode of Startuprad.io. Delve into the world of temporary employment and witness Zenjob's transformative impact on the gig economy.

In this episode, Frederik unveils Zenjob's groundbreaking automated job matchmaking system, powered by AI technology. Discover how Zenjob connects students and flexible workers with businesses seamlessly, driving efficiency and productivity to unprecedented levels. Gain valuable insights into Zenjob's strategic decisions, including their shift towards profitability and technological advancement, as they strive to lead Europe's flexible work sector.

But Zenjob's story goes beyond business—it's a testament to resilience and adaptability. Learn how Zenjob navigated the challenges of the COVID-19 pandemic and capitalized on opportunities in sectors like retail and logistics. Frederik also shares the delightful backstory of Zenjob's name, showcasing the company's entrepreneurial spirit.

With over $100 million in fundraising and a commitment to core values like hunger, helpfulness, humility, and honesty, Zenjob is at the forefront of revolutionizing the future of work. Join us as we explore the potential of AI integration, international expansion, and potential IPO aspirations, all while maintaining a keen focus on profitability and technological innovation.

Don't miss out on this enlightening conversation that delves into the evolution of work and celebrates one of Germany's most promising staffing innovators. Tune in to Startuprad.io now and be part of the future of work revolution with Zenjob!"

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Find All Links, Show Notes, and More Information Herehttps://medium.com/startuprad-io/the-future-of-work-zenjobs-automated-approach-to-temporary-staffing-startuprad-io-e-424-23433f1fe2e9

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Feedback
We are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! We would love to hear from YOU!!!
https://forms.gle/mLV6mVKwGwKuut8BA

Lower your Costs of ISO 27.001 and SOC 2 Compliance by up to 85% [with our Parnter Vanta] Achieving ISO 27001 or SOC 2 compliance can unlock major growth for your company and build customer trust, but this process can be time-intensive and costly. Vanta automates compliance, getting you audit-ready quickly and saving you up to 85% of associated costs. And Vanta scales with your business, helping you enter new markets. Join 7,000 global companies like Atlassian, Flo Health, and Quora that trust Vanta. Claim 20% off Vanta at https://www.vanta.com/startupradio

🚀 Discover the Future of Infrastructure Inspection with Twinsity's AI-Driven Technology! 🛠️Welcome to Startuprad.io! In this episode, we're diving deep into the world of cutting-edge innovation with Twinsity, a startup revolutionizing infrastructure inspection using AI and drones. 🌐 Join us as we chat with Fabien Chalas, co-founder of Twinsity, who unveils their groundbreaking drone technology for inspecting aging infrastructure. 🏗️ Their software creates high-resolution 3D models and utilizes AI to detect defects like cracks and rust, ensuring safety and efficiency.

Interested in Working with us? Have a look here: https://www.passionfroot.me/startupradio

🌟 What You'll Learn: How Twinsity's technology is reshaping infrastructure inspection.

Their journey from a family business to a global startup.

Plans for expansion into North American and Latin American markets.

Sponsored by Hessen Trade Invest and the European Enterprise Network, this episode explores the transformative impact of Twinsity's work on infrastructure maintenance. Whether you're an investor, tech enthusiast, or curious about the future, this episode is a must-listen!

Subscribe Here We are always sharing new resources with you. Find all of our options below. We want to make sure that we provide what's best for your growing team, so please take a look at these additional ways in which can help! https://linktr.ee/startupradio

🔍 Key Questions Discussed: How does Twinsity's remote-first approach impact recruitment and company culture?

What are the technical challenges behind drone-based inspections?

How does AI enhance defect detection compared to traditional methods?

🌐 About the Founder: Fabien Chalas, co-founder of Twinsity, brings a wealth of experience from his background in software engineering and renewable energy infrastructure. His vision drives Twinsity's mission to revolutionize infrastructure inspection.

🚀 About Twinsity: Twinsity, founded by Fabien Chalas, leads the way in infrastructure inspection with its advanced drone technology and AI-driven defect detection. Their innovative approach ensures safety and reliability for critical assets worldwide.

Don't miss out on the future of infrastructure management! Tune in now to learn how Twinsity is transforming the industry.

💡 Find all blog posts with all the links on our blog https://medium.com/startuprad-io/twinsitys-ai-driven-approach-to-safeguarding-structural-integrity-startuprad-io-e-423-4d0af81e5ca7

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