Solaris to Secure 96 Million, Gropyus set to Receive 40 Million, Novocarbo to Gain 25 Million
In the bustling FinTech landscape of Germany, several companies have recently secured substantial investments to fuel their growth and expansion.
Xaver, a FinTech from Cologne, founded by Max Bachem and Ole Breulmann, has received a €5 million investment from a group of investors including Xaver Motive Ventures, Cavalry Ventures, Sequoia, a16z, EQT Ventures, Robin Capital, and angel investors such as Martin Blessing, Julian Teicke, Matthias Setzer, Thomas Münkel, Felix Ohswald, Elmar Broscheit, and football world champion Mario Götze. Xaver focuses on retirement savings and offers an AI-driven B2B platform for the sale of life insurance and private retirement products.
Solaris, a Berlin-based Banking as a Service FinTech, has become a unicorn following a €190 million investment round in summer 2021. While the specific details of its key investors are not available in the search results, Solaris will use the funds to secure the ADAC credit card program, strengthen its core capital, and invest in the resilience of its platform.
Instaffo, a Heidelberg-based HR scaleup, positions itself as a recruiting platform for tech and sales. With a €10 million investment from Düsseldorf-based growth investor Crosslantic Capital, the company will use the investment to further develop the platform, expand existing business areas, and expand into new job categories.
Gropyus, founded in 2019, builds and rents multi-family homes using technology and primarily wooden materials. The European Investment Bank (EIB) has provided Gropyus with a €40 million loan, based on a guarantee from the European InvestEU program, which aims to decarbonize the housing sector.
Novocarbo, a Hamburg-based CleanTech founded in 2017, removes carbon from the atmosphere and builds and operates Carbon Removal Parks. The company recently secured a €25 million investment from French infrastructure investor Swen Capital Partners.
Enapi, a startup from Berlin, founded by Jakob Kleihues and Dennis Laumen, positions itself as a transaction broker for the EV charging industry. Enapi's platform facilitates eMobility stakeholders to build better EV driver experiences. The company received a €2.5 million investment from Enapi Project A Ventures, Seedcamp, and helloworld.vc.
Meanwhile, PeakAvenue has acquired Isograph, a provider of safety engineering software, expanding its international presence in the UK and further strengthening its position as the market leader in engineering and quality management software. The acquisition was financed by Main Capital Partners, and the exact details of the investment are not disclosed.
These investments underscore the vibrant FinTech ecosystem in Germany, with companies focusing on various sectors such as banking, HR, clean technology, and eMobility, attracting substantial investments to drive growth and innovation.
- The AI-driven B2B platform for the sale of life insurance and private retirement products offered by Xaver, a FinTech from Cologne, falls under the lifestyle category as it pertains to retirement planning and financial well-being.
- The expansion of Instaffo, a Heidelberg-based HR scaleup that focuses on tech and sales recruiting, can be linked to technology and finance sectors as the investment will be used to develop the platform and move into new job categories.
