Startuprad.io - The Authority on German, Swiss and Austrian Startups and Venture Capital

This Month in GSA Startups - February 2022

02.24.2022 - By [email protected]Play

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News in German, Austrian, and the Swiss startup scene for February 2022: We start out with mega-deal in Gaming: ESL Gaming is sold for 1bn US$, Munich-based Fintechsystems is sold for 120 mn € and Aachen-based Next Ego may accomplish THE turnaround of the whole year, coming out of insolvency, they are looking to list via SPAC, valued at 1.5 bn €. Switzerland has a new unicorn, congratulations to Scandit, Gorillas wants to buy a french competitor and is thinking about a SPAC deal. Also, we have a large update on neobanks in Germany, and they are not all doing well.

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