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Tag Archives: Music

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‘Android of Crowdfunding’ Indiegogo Raises $40m Series B

‘Android of Crowdfunding’ Indiegogo Raises $40m Series B

Crowdfinding platform Indiegogo, which prides itself on its global reach, has raised $40 million (€29.3m) in Series B funding. The company has been very active in Germany, being one of the partners behind the Gruender Garage contest and localising its platform into German and euros. The round has been led by Institutional Venture Partners – which recently invested in SoundCloud – and Kleiner Perkins Caufield & Byers (KPCB). The money will be used for new hires, global expansion and improving the user experience, with a focus on “mobile, personalization and trust.” Existing investors Insight Venture Partners, MHS Capital, Metamorphic Ventures and ff Venture Capital were also involved in the round. Read More »

SoundCloud’s $60m+ Funding Promises Knock On Benefits for Berlin

SoundCloud’s $60m+ Funding Promises Knock On Benefits for Berlin

At the top end of the startup scale, things are moving along quickly for Germany. Following Delivery Hero's $88 million Series E, Berlin's poster child company SoundCloud has reportedly secured new funding worth more than $60m (€44m) in a deal which values the platform at around $700m. The deal, which was led by Institutional Venture Partners (IVP) and the Chernin Group, was apparently closed last year but has only been reported in the past few days. It represents a big step forward for just about the only startup originating out of the German capital which has made a significant impact on Silicon Valley. Read More »

How Berlin Can Help Italy Shake Up Its Stylish Image

How Berlin Can Help Italy Shake Up Its Stylish Image

As you might imagine, the Italian Embassy on Tiergartenstrasse – the city's embassy row – is not only a grand building but a stylish one too. It was the setting for a day of discussions about how startup scenes in Germany and Italy can help each other out, but there was a wider topic as well. While we are on Italian stereotypes, it was fair to say that the food provided for lunch was top notch, and the wine didn't disappoint either. But while Italy doesn't mind such positive stereotypes, it doesn't want them to dominate. And so the event, dubbed 'European Perspectives on Creativity and Technology', was part of efforts to convince the Germans that Italy is not just pizza, Ferrari and da Vinci. Read More »

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