#DealMonitor
+++ #DealMonitor +++ Verdane invests millions in Eterno +++ Getquin receives 12 million +++ LawX raises 7.5 million +++ Cohere takes over Reliant AI +++ Mistral AI buys Emmi AI +++ Financial injection for HappySupport +++
In the #DealMonitor For May 19th we’ll take a look at the most important, exciting and interesting investments and exits of the day in the DACH region. All deals from the previous days are available in a large and clear format #DealMonitor Archives.
STARTUPLAND 2027: SAVE THE DATE
The next unicorn? You’ll meet it at STARTUPLAND
+++ Did you miss our phenomenal third STARTUPLAND? Then put our new date in your calendar now: The next STARTUPLAND will take place on March 10, 2027. More about Startupland
INVESTMENTS
Eterno
+++ The Norwegian investor Verdane is investing more than 100 million US dollars in Eterno – see also Handelsblatt. The valuation of the company is expected to rise to a “mid three-digit million amount”. Eterno, founded in 2020 by Maximilian Waldmann, Frederic Haitz, Timo Rodi and Rohit Dantas, operates “its own, fully digitalized practice locations in Hamburg, Frankfurt and Berlin, which are designed as modern primary care centers”. In recent years, around 40 million have already flowed into the company – especially from “insurance and health insurance companies, family offices and private investors such as soccer world champion Mario Götze”. The fresh capital is now intended to accelerate the scaling of “the AI-native platform for outpatient care.” Currently, over 100 employees work for Eterno, which primarily challenges Compugroup and Medatixx with its software. More about Eterno
Getquin
+++ The Canadian FinTech investor Portage, State Street Investment Management from Boston, Horizons Ventures, Trade Republic investor Sino, Heartfelt and Co. are investing 12 million euros in Getquin. The investment app, which was founded in 2020 by Raphael Steil and Christian Rokitta, is particularly aimed at millennials. “Getquin is software for investors who want to manage their portfolio themselves or who have already purchased securities that they would like to optimize,” says the young Berlin company about the concept. With the fresh capital, Getquin wants to “evolve from a portfolio tracker into a digital wealth management platform that combines AI-powered portfolio analysis with personal financial planning for private investors in Europe.” Clark investor Portage and Horizons Ventures, also invested in N26, recently invested $15 million in Getquin. Portage currently owns 17.3% of Getquin. State Street Investment Management is now on board with around 6.1%. More about Getquin
LawX
+++ The New York investor Motive Partners, Wenvest Capital from Munich, xdeck from Cologne and SIVentures from Leipzig as well as business angels such as Christoph Cordes and Ralph Müller are investing 7.5 million euros in LawX. Berlin-based LegalTech, founded in 2024 by Norman Koschmieder, Sara Brinkmann and Torben Rabe, is developing an AI-supported operating system for legal work. “LawX is addressing a structural crisis in the legal market: increasing demand is met by a shortage of skilled workers and outdated software structures,” says the team. The company currently has 1 million Annual Recurring Revenue (ARR). More about LawX
HappySupport
+++ sevDesk founder Fabian Silberer, Flip founder Benedikt Brand and L-Bank Baden-Württemberg are investing 200,000 euros in HappySupport. The startup from Heilbronn, founded in Stuttgart in 2025 by Niklas Gysinn and Henrik Roth, wants to establish itself as a “self-updating help center platform for B2B and B2C SaaS companies”. More about HappySupport
MERGERS & ACQUISITIONS
Cohere – Reliant AI
+++ The Canadian AI startup Cohere, which recently merged with Aleph Alpha, is taking over the Berlin AI startup Reliant AI. With the takeover, the company aims to “significantly expand its presence in the global healthcare and life sciences sector”. The startup based in Berlin and Montreal (Canada), founded in 2023 by Karl Moritz Hermann and Marc Bellemare, is developing an AI workbench that is intended to accelerate data processing in the biopharma industry. Tola Capital, Inovia Capital and Mike Volpi recently invested $11.3 million in Reliant AI. Founder Hermann will be VP of AI Verticalizations in Berlin for Cohere. Fellow campaigner Bellemare becomes VP of Modeling in Montreal. More about Reliant AI
Mistral AI – Emmi AI
+++ The French AI giant Mistral AI (Paris) is taking over the Austrian startup Emmi AI (Linz). “According to industry insiders, the deal is likely to be one of the largest exits in Austrian startup history – and is higher than the takeover of Runtastic by Adidas in 2015 for 220 million euros,” says Brutkasten. The startup from Linz, founded in 2024 by Knip founder Dennis Just, Johannes Brandstetter and Miks Mikelsons, relies on “Real-Time AI-Driven Industrial Simulation”. Specifically, the company develops AI systems for simulations in the automotive, energy and semiconductor industries. The Viennese financier 3VC (Jodel, Simpleclub, Avi Medical), the Viennese early-stage investor Speedinvest, the French financier Serena and Push Ventures from Vienna recently invested 15 million euros in the young company. As a result of the takeover, the Emmi AI brand will disappear. More about Emmi AI
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