As part of its objective to achieve 500 million euros ($552 million) in additional cost savings, Deutsche Bank AG is set to lay off approximately 800 senior back-office personnel.
Finanzguru, a Germany-based fintech firm and the top holistic financial advisor in Germany enabled by open banking, has secured €13 million in funding. The funding round was spearheaded by new investors, SCOR Ventures and PayPal Ventures, and participated in by existing investors, such as Deutsche Bank, coparion, VR Ventures, Hannover
GaeaStar is influenced by the ancient Indian culture and employs 3-D printing technology to fabricate cups and bowls utilizing clay, water, and salt. These containers decompose into dust after disposal, creating no detrimental waste.
Isar Aerospace has secured a record-breaking funding of 155 million euros (equivalent to 165 million US dollars) in a Series C round. This makes it the biggest spacetech financing round in Europe so far this year. Moreover, within Germany, it also stands as the startup that has raised the highest
deeploi, a startup that supports enterprises with a holistic platform across their IT infrastructure, has announced the closing of a €3 million funding round. Led by European early stage VC Cherry Ventures, several top tier business angels also participated such as the founders of Moss, Vay, Zenjob, sennder and many
Foodji, a startup based in Munich, aims to revolutionize vending machines by providing fresh and healthy meals instead of the usual unhealthy snacks. Their vending machines, called Foodjis, resemble typical snack machines, but offer items such as fresh sushi, falafel bowls, and Thai curry instead of lemonade and gummy bears.
