2 min read

SpinLab Alumni MotionsCloud raised $2 Million dollars

By Linh Pham on Apr 28, 2022 10:00:00 AM

MotionsCloud raised around US$ 2 million with its AI insurance claim solution in the latest round. The startup was backed by investors from all around the world, co-lead by SOSV (US) and Net Insurance (IT), followed by AI Startup Incubator (CZ), ParticleX (HK), Artesian (AU), Excon Services (GER), Global Insurance Accelerator (US) and individual angel. MotionsCloud empowers insurance companies with an automated property and vehicle inspection, making the process faster and more efficient. Established in Germany, the startup already cooperates with European, US, and Asian firms.

Topics: News startups
5 min read

SpinLab - The HHL Accelerator takes off with 10 new startups

By Linh Pham on Mar 9, 2022 9:00:00 AM

With more than 300 applications, the run for the 13th class was huge. Ten promising startups were welcomed to the historic area of the Baumwollspinnerei in early March. The range of business ideas of the new entrepreneurs is enormous: founders are releasing the first therapeutic app for dementia prevention, a physician from Chemnitz is developing an app against the underestimated and often undiscovered disease endometriosis, and with the help of a digital marketplace, the direct path to emission savings should save time-consuming processes. International startups from Poland and Austria are also part of the new class.

Topics: News
1 min read

Exit for Spinlab Alumnus Infrasolid

By Linh Pham on Feb 25, 2022 2:06:09 PM

Innovative Sensor Technology IST AG, a Swiss sensor specialist and part of the Endress+Hauser Gruppe announced the majority acquisition of Infrasolid. Our partners TGFS Technologiegründerfonds Sachsen, VNG Innovation (VNG AG) and SpinLab mentor WEGVISOR® (Titus Lindl) had invested in the Dresden based startup. The team was 2018 part of the 6th SpinLab class.

Eric Weber about the exit: "With two partners and one mentor invested, our fifth alumni exit Infrasolid once again shows that our ecosystem works pretty well."

Congratulations to the team Marco Schossig, Benjamin Buchbach and Tobias Ott for this amazing achievement!

Topics: News startups exit
1 min read

First startup podcast from central Germany

By Linh Pham on Jan 12, 2022 11:36:10 AM

Together with Basislager Coworking Leipzig and Startup Mitteldeutschland we present to you the brand new Werkbank Podcast "Startup Update". The hosts are Marina Chkolnikov  (SpinLab Project Manager) and Stephanie Wettmann (head of editorial Startup Mitteldeutschland).

Topics: News startups
1 min read

International exit for Spinlab Alumnus Replex

By Linh Pham on Oct 25, 2021 4:52:32 PM

The startup Replex is acquired by the US IT corporation Cisco. The world market leader in network infrastructure and security acquires the entire shares of the Leipzig-based startup, which develops solutions for optimizing cloud applications.

Topics: News startups
2 min read

SpinLab Alumnus Flynex secures millions of euros to fuel its growth

By Linh Pham on Oct 12, 2021 6:03:31 PM

FlyNex recently closed another financing round worth millions of euros to develop new business areas and expand its current business. Stihl Digital, the venture capital arm of the well-known power and garden equipment manufacturer, is investing in FlyNex together with High-Tech Gründerfonds (HTGF), Technologiegründerfonds Sachsen (TGFS), GPS Ventures and Snowflake Ventures. The newly formed partnership is intended to support customers in forestry, gardening and landscaping in particular with data generated by drones.

Topics: News startups
1 min read

Meet SpinLab on the 16th and 17th of September at the Impact Festival

By Linh Pham on Aug 27, 2021 4:23:57 PM

With the motto "Let's collaborate. Innovate. Act." this year's Impact Festival will be held from 16th to 17th September in Offenbach/Frankfurt am Main. Together with RootCamp we will be at the event with an own exhibition. You can also meet our startups Carbonauten, Think RE and Planted, as well as SmartCloudFarming from RootCamp.

Topics: News agtech network
1 min read

SpinLab Milestone: More Than 100 Mio € In Funding

By Swantje Jung on Aug 18, 2021 8:00:00 AM

We are happy to announce that we recently cracked the €100 million mark! So far, our startups have raised more than 100 million euros in venture capital and grants from renowned national and international investors. The average funding per SpinLab alumni amounts to 1.270.644 euros. Another reason to celebrate: In the last five years, capital has increased more than thirty times. In 2015, the funding amounted to 1.25 million euros. Currently, we stand at approximately 38.5 million Euro mid of the year 2021. With the help of VC investments, public grants, and price money, our startups have access to a large pool of capital to build quality products and teams.  We are proud of all the founders we have accompanied to this point and thank all investors and partners for the years of great cooperation. 

Topics: News 2021 startups
6 min read

Our new class has finally kicked off in real life again

By Swantje Jung on Jul 19, 2021 6:02:53 PM

Today, the SpinLab team already welcomed its 12th class in Leipzig. Many of the entrepreneurs found themselves back on site due to the prevailing situation. Ten new startups will participate in the multi-award winning Accelerator program over the next six months. In total, the startup hub now counts 95 startups that have participated in the program so far. These ten new startups were selected during the Selection Days in early June in consultation with corporate partners: MeinDoc, Think REPocketcoachDeftpowerPlantednexEnergieDockenaDyneCallPima, NAECO Blue. 

Topics: News
2 min read

SpinLab Alumnus Maviance PLC Closes Seed Round to Fund Expansion Within Central African Economic Region

By Clara Fischer on May 17, 2021 11:32:34 AM

Maviance PLC , a Cameroon-based fintech, announced today that it has closed its Seed investment round of USD 3 million from the pan-African digital payments hub MFS Africa, which comes on board as a strategic investor. Maviance will use the new funding to increase its footprint in Cameroon and to expand into other countries in the central African economic region (CEMAC).   

Topics: News