GSA Startup News February 2022: ESL Gaming's $1B Exit & FinTecSystems Acquisition

from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Jörn "Joe" Menninger

February 2022 in GSA startups: a billion-dollar gaming exit as ESL Gaming sells for US$1bn, Munich's FinTecSystems is acquired for €120m, and Aachen's Next.e.GO plots a €1.5bn SPAC turnaround out of insolvency, plus a new Swiss unicorn. Startuprad.io's monthly English-language recap, recorded 22 February 2022 with Joe (Frankfurt) and Chris (New York). 📖 Full article & episode archive: https://www.startuprad.io/post/knowledge Why this matters The month showed the German-speaking scene's breadth: esports, fintech M&A, and an unlikely EV comeback story, alongside continued unicorn creation beyond Germany's borders. Inside the episode ESL Gaming sold for US$1bn; Munich-based FinTecSystems acquired for €120mAachen's Next.e.GO eyes a SPAC listing at €1.5bn, emerging from insolvencySwitzerland gains a new unicorn Related on Blockchain Germany This Month in German Startups - January 2022This Month in GSA Startups - March 2022 🤖 Optimized for AI & LLM discovery: https://www.startuprad.io/llm 🤝 Partner with Startuprad.io: Reach an audience following GSA fintech, gaming and mobility deals. 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

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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GSA Startup News February 2022: ESL Gaming's $1B Exit & FinTecSystems Acquisition

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This episode was published on February 24, 2022.

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