2 min read

Financial Times Ranking: SpinLab and RootCamp among Top Startup-Hubs in Europe

By Linh Pham on Mar 14, 2024 9:30:00 AM

SpinLab and RootCamp are positioned among the top Startup Hubs in Europe, as highlighted in the recent ranking "Europe's Leading Startup Hubs 2024" by the Financial Times and Statista. We have secured the 2nd place in Germany, placing us among the top 3 Accelerators in the Germany. In an international comparison, we achieved 12th place, making us one of the top 15 in Europe.

Topics: News Startup Tips startups innovation
1 min read

SpinLab Alumni, myo, secures €10.5 Million in Series A funding round

By Linh Pham on Feb 1, 2024 10:11:23 AM

myo was part of the 8th SpinLab class. Photo: myo

TVM Capital Life Science, a leading transatlantic venture capital firm focused on investments in life sciences innovation, announced the closing of a Series A financing round for myo, a pioneering Berlin-based digital healthcare startup. TVM led the round, investing €8 million. The proceeds will be used to further grow the business in the DACH region as well as in the UK. This will include expanding marketing capacity and enhancing service quality for existing customers, as well as developing new modules. Dr. Sascha Berger, General Partner, and Stefan Fischer, Managing Partner (Finance) of TVM, will join the myo Board of Directors.

myo was founded in 2018 with the goal of relieving employees in care homes through digital solutions and bringing more transparency, participation and appreciation to the sector. The company’s communication app enables care facilities, families and service providers to communicate with each other easily, quickly and digitally. Families are able to participate in their loved ones' everyday lives by receiving pictures, videos and documents as well as making video calls. Additional modules for the app simplify important but time-consuming administrative tasks, including ordering meals, monitoring complaints, and managing key external services such as laundry providers and pharmacies. This saves time and money and improves documentation. myo services approximately 400 customers in the DACH region and the UK.

Topics: News startups energy Venture Capital
1 min read

SpinLab Alumni Energiekoppler closes Series A funding round

By Linh Pham on Jan 10, 2024 10:57:18 AM

Energiekoppler, an innovative software company specializing in energy management solutions and born from the collaboration of two prestigious institutes - the Institute for Electrical Power Supply and High Voltage Technology, and the Institute for Building Energy Technology at Dresden University of Technology - has successfully concluded its Series A financing round. The cleantech company ElectroFleet has entered as an additional strategic investor, joining existing investors LEAG and TGFS - Technologiegründerfonds Sachsen. This financing round ensures the continued development of Energiekoppler's products and the expansion of its sales activities.

Succesful venture clienting

The team commenced its journey in 2018 with the BMWi's EXIST research transfer funding and later secured a spot as one of nine startups in the prestigious SpinLab Accelerator program in autumn 2019. By November 2021, Energiekoppler achieved a milestone by closing its initial financing round backed by LEAG and Technologiegründerfonds Sachsen (TGFS). Notably, LEAG's partnership, fostered during the Spinlab accelerator program, resulted in them becoming Energiekoppler's first customer. Read here more about the collaboration between the energy startup and LEAG.

Topics: News startups energy Venture Capital
4 min read

SpinLab - The HHL Accelerator welcomes 10 international startups to its Accelerator program

By Linh Pham on Jan 9, 2024 10:00:24 AM

Startup accelerator SpinLab - The HHL Accelerator is entering the next round with a record number of over 500 applications for its 16th cohort. From this impressive pool of applicants, ten international startups in the fields of energy, smart city, and e-health have been selected. The diversity of business ideas from these emerging entrepreneurs is enormous: ranging from immersive audio technologies, with the founder of the MP3 format involved, to the development of the first AI-powered health platform for lipedema sufferers, and innovative, cost-effective pollutant filters made from recycled plastic. The participating teams benefit from mentoring and access to a prestigious network of companies and investors to maximize their potential and establish valuable partnerships. As an expert in venture clients, SpinLab identifies the global startup ecosystem for innovative solutions as well as potential customers or partners for cooperation.

Topics: Startup Bios startups press release
2 min read

SpinLab - The HHL Accelerator and Landesbank Baden-Württemberg (LBBW) Region East announce strategic partnership

By Linh Pham on Dec 18, 2023 7:00:00 AM

SpinLab - The HHL Accelerator is pleased to announce its strategic partnership with Landesbank Baden-Württemberg (LBBW) Region East. This collaboration combines the extensive financial expertise of LBBW Region East, one of the leading German financial institutions, with the innovation and entrepreneurial spirit of SpinLab - The HHL Accelerator. With a total assets value of 324 billion euros, LBBW is among the largest German credit institutions and has a presence in international business centers with 16 locations in 15 countries. Additionally, LBBW has its own venture capital company, LBBW Venture. This funds invests in young companies in the areas of Digital Transformation, LifeScience and HealthTec, as well as Financial Technology.

Topics: News startups exit
1 min read

Exit for SpinLab alumni we - do. ai.

By Linh Pham on Nov 28, 2023 11:21:45 AM

Our partner Technologiegründerfonds Sachsen (TGFS) announces the exit of SpinLab alumni we-do.ai. The Leipzig based startup, specializing in Conversational AI and developer of speech-based chatbots, has been fully acquired by Immoware24 GmbH from Halle (Saale).

Topics: News startups exit
1 min read

SpinLab Startup Granular Energy raised 7.5 Mio. €

By Linh Pham on Oct 12, 2023 3:26:36 PM

In 2022, consumers worldwide spent 24 billion USD on green energy, often with little information about its source. Granular Energy, a startup that has raised 7.5 million EUR, aims to enhance transparency in green energy procurement and direct consumer spending to where and when clean energy is most urgently needed. The funding round was led by the venture capital firm Norrsken VC, with support from All Iron Ventures, Box Group, Valo Ventures, and participation from existing investors Seedcamp, Revent, and Powerhouse Ventures. The startup provides a new software category to energy providers, automating the management and allocation of energy certificates, improving operational efficiency, reducing risks, and allowing energy providers to offer their customers a completely new level of transparency by showing consumers exactly where their energy comes from and when it was generated (along with the associated carbon emissions). Granular Energy is part of the latest SpinLab startup class.

While there are currently no legal regulations mandating such disclosure, some energy providers are already voluntarily offering this information in response to the growing demand from business customers for greater transparency. The interest is substantial, and Granular Energy's software is already being used by 25 energy providers in 9 countries worldwide.

Topics: News startups energy Venture Capital
2 min read

Exit for SpinLab Health Startup aidhere

By Linh Pham on Oct 11, 2023 11:10:54 AM

We're delighted to share the news of aidhere, a standout from our 10th SpinLab class, successfully acquired by Reykjavik-based global digital therapeutics provider, Sidekick Health. This strategic move expands Sidekick's offerings into prescription therapeutics and keeps the DiGA app, zanadio, available for prescriptions.

Topics: News startups ehealth exit
5 min read

Summer School For Diverse Startups Batch #3

By Linh Pham on Jul 21, 2023 3:44:25 PM

From July 24 to 28, 2023, HHL DIGITAL SPACE and SpinLab - The HHL Accelerator is joining forces to support diverse startups in their early stages with a tailored program to evolve their business idea. The goal of the "Leipzig Summer School for Diverse Startups" is to empower underrepresented founders, break down barriers to success and create an inclusive startup ecosystem. The program is supported by the City of Leipzig, Sächsische Aufbaubank, EDIH Saxony, Technologiegründerfonds Sachsen, S-Beteiligungen and Germany Trade and Invest.

Central German, as well as international teams, come together in Leipzig to strengthen their entrepreneurial skills. The professional, free program offers participants interactive workshops on important topics such as sales, marketing, and financing, led by experienced mentors, investors, and coaches. The city of Leipzig supports the program as a cooperation partner and will present the "Digital Award," endowed with 2,000 euros, for the second time during the Summer School closing event on July 27 in the new city hall of Leipzig.

Patron Burkhard Jung, Mayor of the City of Leipzig:

"Openness brings progress and development; in this context, openness is not limited to technical or entrepreneurial aspects. Social and intellectual openness are also in demand. That is what the Digital Award  and Summer School for Diverse Startups stands for. This is exactly what we need in our city."

SpinLab and HHL DIGITAL SPACE create an inclusive environment for diverse startups in Saxony

Eric Weber, CEO of SpinLab - The HHL Accelerator, summarizes:

"The Leipzig Summer School for Diverse Startups helps to promote diversity and innovation in the startup scene. The Leipzig startup ecosystem, with its broad network and diverse initiatives, offers valuable support to aspiring founders from all over Europe to successfully implement their ideas in Saxony."

Francie Lange, Incubation Manager of HHL DIGITAL SPACE:

"The Summer School for diverse startups will take place for the third time in 2023. Diversity is in focus with the goal of promoting underrepresented founders and breaking down barriers. It also strengthens the inclusive and entrepreneurial environment in Leipzig. The incubator HHL DIGITAL SPACE and the accelerator SpinLab support the startups in terms of content. In addition, we are very pleased that mayor Burkhard Jung is taking over the patronage of the Summer School."

Topics: Startup Bios startups press release
3 min read

SpinLab announces 10 promising startups in energy, health, and smart city

By Linh Pham on May 11, 2023 8:43:24 AM

SpinLab - The HHL Accelerator, one of Europe's leading startup programs, today announced ten of the most promising startups in the fields of energy, health, and smart city. The selected startups have distinguished themselves with their innovative business models and great market potential, and will now be supported by SpinLab through a six-month program. Startups from Poland, France, New Zealand, and Germany are represented. The innovative solutions range from a digital app for food intolerance to tactile, pressure-sensitive skin for robot grippers and digital twins of power grids that are designed to support the energy transition.

Topics: Startup Bios startups press release