Startup companies don’t have it easy. You have to compete against tremendous competition and offer a product or service different from the competition. In addition, there are required financial burdens for the foundation, the office equipment, and much more. Nevertheless, most beginner entrepreneurs are happy with their startups. As it turns out, young founders are more innovative than they used to be. We also notice them across more and more industries. Many startups still come from the software, IT, and software development sectors, followed by online marketplaces, mobile applications, and games. Our present article is a full review of the company and what it offers, in addition to another top 5 German startups from different industries.
The German gambling startup Lottoland
It was pretty surprising news that made the rounds in 2016. Back then, the German investor Felix Haas had just invested in the startup “Lottoland,” with its headquarters based in Gibraltar, allowing visitors to its website to play the lottery over the Internet.
If you wonder what happens if you win the lotto with Lottoland, then rest assured because the company consistently delivers the players’ earnings. In addition, the reviews from the net confirm that Lottoland supports its players all the way.
The company already generated 300 million euros in 2016 and today employs almost 350 people in 15 markets worldwide. And the company would like to expand further in the future, for example, to Asia or Australia, where there is still a lot of untapped potentials.
When deciding on Gibraltar as the company headquarters, the legal situation in Germany was the decisive factor. In this country, Lottoland would not have had a chance to get a license due to the State Treaty on Gambling. In contrast, Gibraltar is to bookmakers what Silicon Valley is to tech companies, the Mecca of the European gaming industry. However, Gibraltar is also very restrictive when issuing licenses, so players can find the crème de la crème of betting providers there.
When asked how the startup can pay out any profits to its customers, it says that it can pay earnings of up to 10 million euros from current cash flow and that there is reinsurance for the repayment of higher yields, through which it delivers such gains.
Lottoland’s declared goal is not to present lottery games as a pensioner’s activity but as a form of entertainment. Nevertheless, the German gambling company has helped an entire industry shine in this way.
The lottery game could also go this way if Lottoland were to achieve the goals it had set itself in the long term and if more and more people tried their luck with such lottery offers in this way.
Other successful German startups from different industries
According to Ecommercegermany, entrepreneurs registered 140 startup companies in Germany during the second quarter of 2021. Here are a few successful German startups worth knowing
Ankerkraut is probably one of the most successful startups in Germany. The Hamburg founding couple Lemcke had the right taste because Germany wanted more spices, smells, and preferences. For this reason, you get a wide variety of high-quality seasonings, herbs, teas, and salts from Ankerkraut.
Thanks to Ankerkraut, you are well equipped for your next cooking, baking, or barbecue event. And at Christmas time, the Ankerkraut Advent calendar has become a coveted must-have.
The startup Blinkist addresses the following problem: So many good non-fiction books and so little time to read them all. The Blinkist app summarizes specialist books from various areas for you in 15 minutes, giving you the core statements efficiently and in a time-saving manner.
Blinkist is a world of knowledge and inspiration that many users dive into regularly.
ChargeX, a Munich startup, has set itself the goal of supporting the spread of electric cars with their product Aqueduct, the first multiple sockets for charging infrastructure.
The easy-to-install multiple sockets can theoretically make it possible for every parking space to become a charging station for electric cars—an essential step for sustainable mobility.
Cluno is a modern form of short and long-term car rental. Purchasing a new car comes with high costs, uncertainties, and administrative work – think of winter tires, etc. Cluno offers an easier way to your vehicle.
Cluno offers you your car as a subscription. Drive worry-free for as long as you want, from € 205 per month. MOT and winter tires included. You can decide whether you wish to continue driving, try a different model, or cancel every six months.
Cognigy offers automated AI-based customer service. Thus, the Düsseldorf startup has developed into the world’s leading conversational AI provider. You can easily install your AI platform in a company’s backend. It understands concerns almost like a human being and can assign them correctly. Furthermore, it can solve them in spoken dialogue with the customer.