EPISODE · Feb 24, 2022 · 29 MIN
GSA News Feb 2022: ESL Gaming's $1B Exit & FinTecSystems
from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Jörn "Joe" Menninger
A billion-dollar gaming exit as ESL Gaming sells for $1bn, Munich's FinTecSystems is acquired for €120m, and Aachen's Next.e.GO plots a €1.5bn SPAC turnaround out of insolvency — this February 2022 GSA roundup with Jörn “Joe” Menninger. Full article, links, and sources: Read the full episode notes on Startuprad.io Why this episode matters: A billion-dollar exit beside an insolvency-to-SPAC gamble shows the full range of startup outcomes. This roundup reads what February 2022 signaled. In this episode, we cover: ESL Gaming's $1bn exitMunich's FinTecSystems acquired for €120mNext.e.GO's €1.5bn SPAC turnaround out of insolvencyWhat the range of outcomes signaledHow founders should read February 2022Related episodes: GSA News May 2022: Taxfix & Onefootball Turn Unicorn · German Startup News January 2022: Germany Counts 25… For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm If your protocol, exchange, or fund wants to reach European blockchain founders, operators, and investors, partner with Startuprad.io. Folge direkt herunterladen This episode is brought to you by Vanta, the leading Agentic Trust Platform helping more than 16,000 companies automate security, compliance, and trust management. Learn more: https://vanta.com/startupradio --- © Startuprad.io™ – All Rights Reserved | AI & research reference → https://www.startuprad.io/llm
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What this episode covers
News in German, Austrian, and the Swiss startup scene for February 2022: We start out with mega-deal in Gaming: ESL Gaming is sold for 1bn US$, 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 News Feb 2022: ESL Gaming's $1B Exit & FinTecSystems
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