Founders buy ‘their’ startup back from Daimler
Industrial companies often seek proximity to startups, in order to leverage their know-how. In the case of Familonet, a family and friends location messenger app, the founders of Familonet GmbH have now bought their app back from Daimler.18 Sep 2019 David Schahinian
Familonet was sold to moovel , a Daimler subsidiary for mobility solutions, in 2017. As the portal deutsche-startups.de reports , the app, including all user accounts, has now gone back to Familonet’s founders and former employees, who have founded the startup FamiloApp GmbH. The reasons for the repurchase, which was communicated to users by email, were not at first disclosed. The announcement stated that “the extent to which moovel actually benefited from the Familonet technology over the past few years is unclear.” What progress the app has made over the past two years is also questionable.
The case is not unique in the automotive industry: In June 2019, VW ended its cooperation with US startup Aurora in the field of autonomous driving. According to German monthly business magazine ‘Manager Magazin’ , no details were given.
Interested in news about exhibitors, top offers and trends in the industry?
Your web browser is outdated. Update your browser for more security, speed and optimal presentation of this page.Update Browser