WEBVTT

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Foreign.

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Your podcast and YouTube blog covering the German

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startup scene with news, interviews and

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live events.

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Hello and welcome. I would like to say it's a sunny welcome but unfortunately it's

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rather gray here in New York. We welcome you to our regular

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startup news from the startup and tech entrepreneurship scenes in Germany,

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Austria and Switzerland. We are back from our summer break. I only

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cling on to this like floral motive short sleeve I'm wearing

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and we bring you a massive news episode today. In fact it's so long

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we had to cut it into two episodes. So like double the fun.

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Our startup news is recorded with me in

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New York City. Joe is joining from Frankfurt.

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Hey from Nightly Frankfurt. Hey guys, how you doing? And now I

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started to mention myself first which if you want to get into German

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idioms in German you usually learn the

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donkey always mentions himself first. I

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learned that when I grew up. Today's

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News cut is August 19th. As always,

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all news not included will be in our next shows next news wrap up

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to be published October 2, wrapping up September and

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the remaining August. Then we needed to cut our news seriously today so

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you can have a brief news overview. We will have newspaper

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other news pieces in our blog posts on

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StartupRaid IO blog.

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Those are the ones that we simply cannot cover here, otherwise the news would

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stretch far too long. To give you a bigger bit of background this

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time we went through more than 350 news pieces for you.

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Therefore we decided for the first time in the history of StartupRate

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IO that we will split this news recording into two pieces to keep them

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short and crisp. Happy Labor Day to you. If you are

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celebrating and entrepreneurs since

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they are working so much, I guess have a special relationship to Labor

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Day. But before I talk myself even more

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into a corner, I'm going to hand it over to you Joe to kick us

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off with the highlights. Yes, thanks Chris. I always

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appreciate your energy here. The highlights

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by the way, I love Labor Day because it usually frequently

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coincides with my birthday. Our highlights

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Startup funding momentum across Europe and the Dach region

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accelerated in August with AI, climate tech and

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fintech taking center stage. Berlin's AI

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ecosystem made global headlines as one stealth

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unicorn skyrocketed from US$350 million

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to 2.3 billion valuation in just four months,

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underlining the region's dominance in enterprise, automation and SAS

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driven AI. Meanwhile, the macro backdrop remains

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tense with Germany's GDP contracting

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sparking recession fears. But venture capital continues

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to pour into deep tech and energy innovation as

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hedge bets against cyclical slowdown.

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Major deals shape this month. Narrative

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Climeworks raised US$162 million to

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advance its CO2 capture technology. What

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Stuttgart based maker site secured 60 million

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euros Series B to scale its sustainable supply

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chain software q and added

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62 million Series A 60 million euros

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Series A to push quantum inspired climate solutions

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and Munich's Tanzo or Tanzo

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closed 12 million euros Series A

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underscoring climate tech as a long term growth

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pillar for the first on the FinTech front,

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N26 faced regulatory heat and

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leadership shakeups even as Scanbot

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SDK exited via acquisition and Blynk absorbed

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Finstep, highlighting both consolidation

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and compliance challenges in Europe's

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neobanking sector. For founders and VCs,

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these developments signal a bifurcated market.

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Late stage climate and AI startups are attracting mega

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rounds and unicorn valuations while

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fintech and mobility plays like Lilium navigate restructuring

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and defense pivots to secure survival.

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This month wave of scaleups and exit reinforces

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the thesis that Europe's competitive edge lies

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in climate innovation, quantum technologies and and

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enterprise AI sectors now too big for

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global investors to ignore. Let's talk

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startups. There's link you can give us feedback. As we said, the

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first interview the first piece of this news will go live

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September 1, 2025 and I'm just turning around and

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checking and number two part two will go live on

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September 4, 2025.

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Chris, you always you look pretty sharp in your shirt and by the

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way discussing it up front. We both are wearing shirts.

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Chris, you want to take over the top news, especially if you're dressed so

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nice. For once we clean up, I'm

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going to kick things off with Berlin's

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N8N. It's a workflow

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automation startup that has rocketed to a $2.3 billion

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pre money valuation in August

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like a week ago after Excel led a mega round with Maritech Capital

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expected to join, marking one of Europe's biggest AI driven autom

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deals. This year the company's value has

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jumped from just $350 million in March

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24, so within one and a half years

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we have seen more than six times increase there on the back

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of surging demand for AI agents and enterprise grade

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workflow automation, they say they have an annual

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recurring revenue of more than $40 million

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and a 200,000 member community. And

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NH N8N has become a

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leading open source alternative to zapier and

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make.com Lilium

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brings in Pluta as

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insolvency advisor amid their defense

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pivot. So Lilium we talked about them quite often

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in our podcast already based In Munich is an air taxi

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startup that faces mounting insolvency pressures as

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zu Deutsche Zeitung has reported for example several

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times last time last week. And

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restructuring advisor AAMG Pluta has been now

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called in to guide the company through its crisis. That follows

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Handel's Blood's revelations that Lillium is weighing a defense sector pivot

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to generate near term revenues. With the defense sector right

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now being quite booming in European countries

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because they're investing more due to the Ukraine war and

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the US being a less reliable partner than in the

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business Insiders note on Fresh investor interest

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is to is reviving a 20 million euro

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financing deal. Despite pioneering Europe's

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EVTOL ambitions, Lilium has

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endured cash burn layoffs and delayed

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certification milestones, so it's still relatively uncertain

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what their commercial future will bring. And now thinking

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about dual use applications in defense and emergency services,

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Lilium is pivoting, kind of

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hedging the risk. And they are joining a wider European

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trend of aerospace startups turning to government based contracts

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to bridge long funding Cycles Cycles

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N26 another company we've been talking about a lot

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here, a NEO bank based in Berlin, is

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facing a severe governance crisis since

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probably the most severe one since its founding as their

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Co founder and CEO Valentin Steif stepped down a

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couple of days ago August 15th earlier than planned

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reported for example by Golem and FR Set the The

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exit follows Baffin's special audit Bafin

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being the regulatory committee

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institution in financial supervisor financial

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supervisor so they audited

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N26 and revealed serious deficiencies

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Gravira in fraud prevention and compliance

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revising raising investor impatience and regulatory pressure.

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The move also coincides with leadership reshuffles including

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a new risk officer chief risk officer From Santander

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replacing N26 outgoing Croatia

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and together these developments mark a deep structural shakeup

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at a company where we've had a lot of shakeups. I mean we are

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we have been talking about them quite often now and

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watching them from being a company where a lot of

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people were expecting great things from

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to something that right now feels as

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if every month we come up with new with a

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new talk about okay this is their next issue. And

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the sad thing is that for example companies like a revolut

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show that the new bank model can work so it's at

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least right now is not working out as it could be.

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Moving on to Switzerland where we see the cleantech scale up

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Orange bet having secured a landmark

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825 million euros allocation from the

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European hydrogen bank. According to Moneycap, the

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funding will be used to expand industrial scale

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hydrogen production and infrastructure projects across Europe.

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So Orange Bat is

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going to become one of the largest single hydrogen allocations

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tied to a dark based company.

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Orange Bats Win underscores Brussels determination to

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accelerate green hydrogen commercialization as part of

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the EU's decarbonization strategy, and it also

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positions the Swiss player alongside other continental leaders such as

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Sunfire from Germany or H2 mobility

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sunbed. Sorry. Orange Bat is targeting both industrial

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energy users and cross border hydrogen corridors

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and aims to become a central enabler of Europe's

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clean tech transitions.

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And that's it with the really Big Top

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News section. And that leaves us

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with our first little ad break.

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Taking over after the ad break from Chris we

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do we don't put anything here in housekeeping

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and time to brag this month,

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but there'll be more coming up. Talking about the

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ecosystem here in Europe, the European

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innovation council selects 40 startups for new

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funding round reported by Silicon Canals.

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They select the 40 startups from across Europe for

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equity and grant support. The companies span

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biotech, AI and sustainability, reflecting

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EU level support for scaling deep tech. Several dark

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startups are included, though not all

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names were disclosed in this article. Two companies,

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Quant Qwant and a

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Ecosia launch, Stan St AAN

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Europe's independent search index TechCrunch, reported

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that French search engine Quant and German Echo search

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provider Ecosia jointly launch Stan, a European search

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index designed as a privacy first alternative to

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Google. They aim to enhance Europe's digital

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sovereignty and lay the groundwork for AI native

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retrieval systems. The launch could reshape the European search and

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ad tech market. The talk

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going to Germany here the E4 business climate

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index edges higher in July 2025

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On July 25, 2025, the Ifo Institute in

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Munich reported a modest increase in its closely

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watched Business Climate Index, reflecting cautious

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optimism in the German economy. Sentiment

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improved in industry and services, but remained weak in construction

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and retail. In other

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news Dresden tops sum up 2025

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cost ranking for founders Leipzig and

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Bremen Follow Sum ups Analyzers of

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71 German cities ranked Dresden number one for cost

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efficient funding, citing low retail ren utilities

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and competitive effective corporate tax.

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Leipzig placed second, Bremen third while

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Munich ranked last among the top 20 due to high rents

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and utilities. But apparently you could still work

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as a high rent startup hub. The study weights median wages,

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unemployment, rents, utilities and effective corporate tax,

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signaling cost advantages in East German hubs

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for early stage teams. KFW

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Kronungs Monitor meaning The

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Founding Monitor 2025 reports stable

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startup activity despite economic headwinds.

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Munich Startup summarized The Kfw Kronungs monitor 2025

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showing that the number of new businesses in Germany remains

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robust. Early stage activity is supported by resilience

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in tech and digital sectors. Even as macroeconomic

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uncertainty of waits on financing

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policymakers are watching indicators closely to

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refine support schemes. German

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GDP dips again Technical Recession looms in

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Q2 2025 Tageschauer it's like the

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main news source in Germany, right? Everybody watches

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Tageschauer 8 in Germany. It's the law. You have to watch the

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law. Yeah. They reported that Germany's economy shrank by

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0.2% in Q2 after flat Q1 meeting the

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definition technical recession. Exports and

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industrial output weakened while private consumption

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stagnated despite easing inflation. The

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downturn adds pressure to fiscal debates and heightens

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importance of startup innovation driven growth narratives in the D

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region. Berlin to set new financial rains for

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Rails for defense startups to speed procurement

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and scale. Handels Blood reported the federal government

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will establish funding procurement vision meaning

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Rails to help defense tech startups commercialize faster.

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Aligns with dual use momentum and NATO

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related demand to use. Didn't we just have something with

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lilium like that? No new budget timelines versus

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our priority entry. Germany clears

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the path for remote operated driving pilots

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opening the door for tailor up for teleoperation

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startups. German authorities signal the go

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ahead for remote control driving pilots establishing the

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framework for teleoperation in logistics and mobility. The

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policy shift could benefit companies building teledriving

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stacks, remote op centers and safety cases

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align with EU rules. The article does not name specific

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startups. And Chris, you know what's very interesting? We

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actually talked about it. I talked with lawyer about it

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inside Germany's autonomous driving law in

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2021 because this was

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within the frame of a law. So we have been quite ahead of the curve

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here. But Chris, you looks pretty Bavarian. You want to

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take over Bavaria here? It's. It's a unique thing that they are highlighted here.

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I mean you're white and you're dressed in white and blue too.

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But yeah, I mean autonomous driving this is also a story that is

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with. Has been with us forever and we've been promised that we are so close

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to finally actually making it work way more apparently works

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pretty well on the US west coast. But so far, I mean

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sure, if you went back in the archives that you

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would be able to find

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assumptions, promises that would have said okay, in

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2025 there will be autonomous driving everywhere

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and not much, not much has happened.

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Yeah but we, we've already discussed it in 2021.

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So there will be one person ahead of a lot of screens and if,

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if any autonomous driving vehicle gets into trouble,

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a human driver from a center takes over. That was basically

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the idea we discussed in 2021 and now it seems to

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become reality, at least in ports. There also was a huge

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report in Guardian based on reporting I think even for

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hundreds platform Germany about how

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nonchalant Tesla actually deals with

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really deadly crashes and the car taking over when

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the drivers don't really want it. And then actually a

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lot of times the people who are

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the, who survive, who are the

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survivors of the of the dead people probably never

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get answers for what actually happened in the car and why the crash

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happened, why it accelerated. It was really, it was a really disturbing reading.

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Anyway, Bavaria,

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we established it already. White and blue state in the German

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south passes a landmark resolution

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to unlock foundation capital for startups NVC funds.

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The Bavarian parliament approved a pro startup resolution

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to invest in startups MVC funds. A little policy

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tweak that aims at attracting more

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endowment capital into dark venture markets.

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Austria, to the south of Bavaria and to the

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south of Germany. There we see

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what they call a Grundave founders wave,

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meaning there's a clear uptick in new company formations in Austria,

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despite the macro headwinds, a surge indicating

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resilient founder activity, improving access

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vehicles, public co funding corporates and regional initiatives.

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We have in the show notes details split for different

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sectors and seed series totals. Vienna based

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Allocator1 launches a fund of funds for

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European VC. It's a

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platform designed to channel institutional money into

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European VC funds and the startup model aims to

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diversify LP risk and simplify access to

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venture investment investments. Switzerland,

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as we say in geography, to the left of

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Austria, west of Austria

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has no. You just said to the left, Chris.

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Yeah, that's what we say. Pinterest launches a new

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AI tech hub in Zurich in order to strengthen their Dach

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region footprint and also

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signaling a major investment in local research and development. The

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hub will focus on personalization, generative AI and content

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safety. And this,

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our dear friends, is already the end of

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part one of our startup news. We

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will be back in three days. For

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those of you who listen to us on day one, if you download

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us later, you can also wait three days. But you can also just go into

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your app and download the second part if you want to.

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So thanks for now and we'll hear you

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soon. Talk soon. Bye guys.

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That's all folks. Find more news, streams,

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00:21:10.810 --> 00:21:11.850
events and

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00:21:11.850 --> 00:21:16.250
interviews@www.startuprad.IO.

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remember, sharing is caring.

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Sam.