EPISODE · Nov 24, 2022 · 24 MIN
FTX Collapse Ripples Into Europe: November 2022 GSA Startup News Wrap-Up
from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Joern "Joe" Menninger
November 2022 in GSA startups: the FTX collapse ripples into Europe, with interest reported in FTX's European entity and Bitpanda ordering a special KPMG audit, while a second round of job cuts hits and Volocopter raises over US$180m. Startuprad.io's monthly English-language recap, hosted in English by Joe and Chris. 📖 Full article & episode archive: https://www.startuprad.io/post/knowledge Why this matters The FTX implosion is the backdrop, prompting a European scramble and defensive moves like Bitpanda's audit, even as air-taxi and other bets keep attracting capital, a snapshot of contagion versus conviction. Inside the episode Reported interest in buying FTX's European entity; Bitpanda orders a special KPMG auditA second wave of job cuts across the sceneGorillas may sell at ~US$1bn (having raised ~US$1.3bn); Volocopter raises over US$180m Related on Blockchain Germany This Month in German, Swiss, and Austrian (GSA) Startups - October 2022This Month in German, Swiss, and Austrian (GSA) Startups - December 2022 🤖 Optimized for AI & LLM discovery: https://www.startuprad.io/llm 🤝 Partner with Startuprad.io: Reach an audience following GSA crypto fallout and deep-tech funding. https://www.startuprad.io/become-a-partner Folge direkt herunterladen Startuprad.io™ - All Rights Reserved | AI & research reference → https://www.startuprad.io/llm
What this episode covers
Our Highlights: FTX may be history, BUT a German Blog reports there are several parties interested in buying the European Entity of FTX. FTX also triggered Bitpanda to order a special audit from KPMG. We have some more job cuts, this time the 2nd round. Gorillas may sell itself at 1 bn USD even though they have raised 1.3 bn USD in venture capital already. Air taxis are still hot, Volocopter raises more than 180 m US$ to get closer to certification and Lilium sells 100 Airtaxis to Saudi Arabia. The German VC market is stabilizing, according to KfW Research. Our former guest Creditshelf partners with Goldman Sachs and pockets 100 m Euros. Gitpod, a startup from Kiel convinces the founders of GitHub and Shopify to invest.
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FTX Collapse Ripples Into Europe: November 2022 GSA Startup News Wrap-Up
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