It’s Germany’s turn

Germany is becoming one of the hottest countries in Europe for tech startups. In 2013, the country experienced some successful exits: Edelight, a social ecommerce platform was acquired by media company Burda International; JouleX, a software company, had a $107 million exit to Cisco; and DailyDeal was bought back by its founders from Google after the search giant had originally paid $114 million for it. Germany’s heat has continued well into 2014 starting with GroupMe’s acquisition of Plista, a digital advertising company; and M. Media Ventures acquiring a 51% stake in messenger app Hoccer. Last week, eight German startups (Arago, Chargepartner, Eperi, Fooboo, Iversity, Milfora, Orderbird, and Termine24) all received funding from investors. Is Germany ready to unseat the UK as Europe’s leading startup hub?
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