Germany Startup Ecosystem

Overview

Germany boasts one of Europe’s leading startup ecosystems, with Berlin being a major hub for innovation. As of 2023, Germany is home to approximately 20,000 startups. The country benefits from strong government support, excellent infrastructure, and a robust industrial base. In 2022, German startups raised around €12 billion in venture capital funding. These factors collectively highlight Germany's dynamic and rapidly evolving startup landscape.

Size of the Market

As of 2023, Germany's startup ecosystem encompasses around 20,000 startups. In 2022, these startups attracted approximately €12 billion in venture capital funding. This substantial investment underscores the ecosystem's growth potential and robust nature. The market's size and financial backing reflect its capacity to foster innovation and sustain a competitive edge within Europe and beyond.

Key Strengths

Germany's startup ecosystem is characterized by several key strengths, including a strong engineering tradition, high-quality research institutions, and a central location in Europe. The country excels in sectors such as automotive tech, industrial manufacturing, and cleantech. These strengths are bolstered by Germany's robust industrial base and government support, positioning it as a leader in the European startup scene.

Major Hubs

Berlin, Munich, and Hamburg are the primary hubs of Germany’s startup ecosystem. Berlin is renowned for its vibrant tech scene, attracting entrepreneurs from around the world. Munich is a key center for deep tech and industrial startups, benefiting from its proximity to major corporations and research institutions. Hamburg excels in logistics and e-commerce, leveraging its strategic location and strong infrastructure. These cities collectively drive Germany's innovation and economic growth.

Emerging Hubs

In addition to the major cities, emerging hubs like Frankfurt, Stuttgart, and Cologne are gaining prominence in Germany’s startup ecosystem. Frankfurt is known for its fintech and financial services, Stuttgart for automotive technology and manufacturing, and Cologne for media and entertainment. These emerging hubs are expanding the reach and diversity of Germany’s entrepreneurial landscape, offering new opportunities for innovation and growth.

Support Systems

Germany’s startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces that provide essential support and resources for entrepreneurs. Programs like the German Accelerator and the High-Tech Gründerfonds have been instrumental in supporting early-stage startups by providing funding, mentorship, and resources. This supportive infrastructure is crucial for nurturing startups and fostering a collaborative entrepreneurial environment.

Challenges

Despite its strengths, the German startup ecosystem faces challenges such as bureaucratic hurdles and a relatively risk-averse investment culture. Navigating regulatory frameworks can be time-consuming and complex for startups. Additionally, attracting venture capital can be more difficult compared to more risk-tolerant markets. Addressing these challenges requires strategic efforts and supportive policies to sustain growth and competitiveness.

Opportunities and Future Outlook

Germany has significant opportunities for growth in sectors like automotive tech, industrial manufacturing, and cleantech. The country's strong focus on sustainability and green technology drives innovation in renewable energy and environmental technologies. Germany's strategic location in the heart of Europe provides startups with access to a large market and numerous opportunities for international expansion. With continued investment and innovation, Germany's startup ecosystem is poised for further growth, contributing significantly to the global innovation landscape.

Resilience and Adaptability

Germany's startup ecosystem demonstrates remarkable resilience and adaptability. The country's commitment to innovation, coupled with strong government and institutional support, enables startups to navigate challenges and capitalize on opportunities. The diverse talent pool and high-quality research institutions attract entrepreneurs and investors alike, ensuring sustained growth and success in the face of global economic shifts and market dynamics.

Angel Investment trends in Germany

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We found 202 VC firms in Germany investing in Insurance on Angels Partners

Nikolas Krawinkel
Investing in Hospitality (& Events) • Busine...
 Rio De Janeiro, U.S.A. - Luxembourg - Germany - Brazil
Investor Picture
Previous Investments
  • Lesara: $33330000 (Later stage VC)
  • FreedomPop: $30000000 (Later stage VC)
  • Job Today: $20000000 (Later stage VC)
  • prooV: $14000000 (Later stage VC)
  • Moov: $12000000 (Later stage VC)
  • Red Points: $12000000 (Later stage VC)
  • Tailor Brands: $4000000 (Early stage VC)
  • Kang Health: $3300000 (Seed Round)
  • TravelNest: $3000000 (Seed Round)
  • Qoorio: $2210000 (Seed Round)
  • Albert: $500000 (Seed Round)
  • Villiger: (Seed Round)
  • ezeep: (Later stage VC)
  • Flo (Application Software):
  • Ucpaas: $300000000 (Later stage VC)
  • letgo: $175000000 (Later stage VC)
  • K Health: $42000000 (Later stage VC)
  • Collato:
  • Elma:
  • Helpling: (early stage)
  • GLOSSYBOX: (early stage)
  • AllesAnna.de:
  • greenworkx: $750000 (Pre Seed)
  • Finmatics: $6000000 (Series A)
  • Adverity: $30000000 (Series C)
  • Adverity: $12000000 (Series B)
  • Adverity: $4000000 (Series A)
  • Badi: $30000000 (Series B)
  • Badi: $10000000 (Series A)
  • Badi: $3000000 (Series Unknown)
  • Badi: $3000000 (Seed)
  • Badi: $320000 (Seed)
  • ConstruConnect: (Seed)

Nikolas Krawinkel

Rio De Janeiro, U.S.A. - Luxembourg - Germany - Brazil

Investing In

Hospitality (& Events) • Businesses Solutions • FinTech (& Financials services) • Insurance (& InsurTech) • Mobility • Consumer

Description

Investor & Boardmember bei Elma

Partner at Mangrove Capital Partners

Michael Münnix
Investing in Software (Web Marketplace Saas..) &b...
 Munich, Germany
Investor Picture
Previous Investments
  • Abusix, Inc.: (mid stage)
  • Quobyte Inc.: (early stage)
  • So1 GmbH: (early stage)
  • adjust.com: (early stage)
  • Finanzchef24: (early stage)
  • mx application development: (early stage)

Michael Münnix

Munich, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Hardware (& Manufacturing) • Energy • CleanTech • Insurance (& InsurTech) • Material Science • Medical Devices (& Hospital Services)

Description

Partner and co-owner at Target Partners

Partner and co-owner at Target Partners

Philip Fischer
Investing in Software (Web Marketplace Saas..) &b...
 Düsseldorf, Germany
Investor Picture
Previous Investments
  • SevenVentures: (late stage)
  • Casper: (mid stage)
  • Homebell: (early stage)
  • Move24 Group GmbH: (early stage)
  • tink GmbH: (early stage)
  • ABOUT YOU GmbH: (early stage)
  • asgoodasnew electronics GmbH: (late stage)
  • Clark Germany: (early stage)

Philip Fischer

Düsseldorf, Germany

Investing In

Software (Web Marketplace Saas..) • Other • IT (& TMT) • Media • Businesses Solutions • Hardware (& Manufacturing) • Energy • Insurance (& InsurTech) • Real Estate (& Construction)

Description

Investment Professional bei Avedon Capital Partners - Growth & Private Equity

Investment Professional bei Avedon Capital Partners - Growth & Private Equity

Dmitry Galperin
Investing in Software (Web Marketplace Saas..) &b...
 Berlin, Germany
Investor Picture
Previous Investments
  • GeoCV:
  • Wallarm: (early stage)
  • Runa Capital: (early stage)

Dmitry Galperin

Berlin, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Hardware (& Manufacturing) • Web Security (& Privacy) • Insurance (& InsurTech)

Description

Runa Capital

Runa Capital

Martin Weiss
Investing in Software (Web Marketplace Saas..) &b...
 Munich Germany, Germany
Investor Picture
Previous Investments
  • Smartblue:
  • Vinted: $27000000 (Later stage VC)
  • Notonthehighstreet: $21000000 (Later stage VC)
  • BaubleBar: $20000000 (Later stage VC)
  • Zilingo: $18000000 (Later stage VC)
  • M.Gemi: $16000000 (Later stage VC)
  • nebenan.de: $5500000 (Later stage VC)
  • Bloom & Wild: $3750000 (Later stage VC)
  • Kukua: $2560000 (Seed Round)
  • SHOWROOM: (Later stage VC)
  • Priceza: (Later stage VC)
  • Milvik (Bima): (mid stage)
  • TOMORROW FOCUS AG: (mid stage)
  • Solon Management Consulting, London: (early stage)

Martin Weiss

Munich Germany, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Media • Insurance (& InsurTech) • Logistics (& Distribution) • Investment Management

Description

Member of the Executive Board at Hubert Burda Media

Martin Weiss serves as Managing Director and Chief Executive Officer at Burda Principal Investments. Martin serves as Board Member, International at Hubert Burda Media. Previously Martin was Executive Vice President Strategy and Corporate Development at international telecommunications and media company Millicom. Here, he was responsible for expanding and transforming the company's digital activities in Latin America, the USA and Africa. Martin was previously Founding Partner at management consulting company Solon and ran their London office from 2008 to 2013. His work focused on developing digital growth strategies for international media companies and supporting leading private equity companies in mergers & acquisitions. From 1992 to 1996 Martin was with McKinsey&Co. Furthermore, he was member of the supervisory board of Tomorrow Focus AG from 2003 to 2015 and is currently on the board of Vinted.com.

Christian Siegele
Investing in Software (Web Marketplace Saas..) &b...
 Berlin , Cologne, Ger..., Germany
Investor Picture
Previous Investments
  • zeotap: $12830000 (Later stage VC)
  • CHRONEXT: $11000000 (Later stage VC)
  • ZAGENO Inc.: $8000000 (Early stage VC)
  • Unu: $7500000 (Early stage VC)
  • LeanIX: $7500000 (Later stage VC)
  • Wundertax: $4000000 (Early stage VC)
  • HiPeople: $3000000 (Seed Round)
  • HappyCar: $2600000 (Later stage VC)
  • Staffbase: $2020000 (Early stage VC)
  • Contiamo: (Later stage VC)
  • iWelcome: (Later stage VC)
  • CAPMO:
  • adjust: (late stage)
  • parcelLab: (mid stage)
  • Nomagic: (early stage)
  • Getsafe Insurance: (early stage)
  • Onedot: (mid stage)
  • FATMAP: (mid stage)
  • Agorize: (mid stage)
  • HAPPYCAR GmbH: (early stage)
  • Capnamic Ventures: (early stage)
  • Active Venture Partners: (late stage)
  • Fauna Inc.: (mid stage)
  • Dataminr: (late stage)
  • Orchard Platform: (early stage)
  • Blend: (early stage)
  • Improbable: (early stage)
  • RedOwl Analytics: (early stage)
  • Techstars: (late stage)
  • Conversion Capital LLC: (early stage)
  • Barclays Capital:

Christian Siegele

Berlin - Cologne, Germany, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Media • FinTech (& Financials services) • Entertainment (& Sports) • Insurance (& InsurTech) • Logistics (& Distribution) • Mobile • Mobility

Description

Founder & Managing Partner Capnamic Ventures

Founder & Managing Partner Capnamic Ventures

Dirk Freytag
Investing in Education • Insurance (& InsurTech)
 , Germany
Investor Picture
Previous Investments
  • Content Pass:
  • HitFox Group: (mid stage)
  • FinLeap: (early stage)
  • REMERGE - App Retargeting: (early stage)
  • zeotap: (early stage)
  • MediaMath: (mid stage)
  • Ongage: (early stage)
  • DMT Invest:

Dirk Freytag

, Germany

Investing In

Education • Insurance (& InsurTech)

Description

Founder and MD at Content Pass

Founder and MD at Content Pass

Dominic Wilhelm
Investing in IT (& TMT) • Media • FinTe...
 Berlin , San Francisc..., Germany
Investor Picture
Previous Investments
  • Creditas: $255000000 (Later stage VC)
  • Kili Technology: $6930000 (Early stage VC)
  • Wishop (Online Shopping): $1750000 (Seed Round)
  • Herzsache:
  • brumbrum S.p.A.: (mid stage)
  • CAKE – ridecake.com: (mid stage)
  • DeadHappy: (late stage)
  • Flux: (early stage)
  • Startupbootcamp: (late stage)

Dominic Wilhelm

Berlin - San Francisco, California, Germany

Investing In

IT (& TMT) • Media • FinTech (& Financials services) • Insurance (& InsurTech) • Mobile

Description

Venture Capital @ e.ventures

Venture Capital @ e.ventures

Paul Morgenthaler
Investing in FinTech (& Financials services) &bul...
 Frankfurt am Main, Germany
Investor Picture
Previous Investments
  • Marqeta: $25000000 (Later stage VC)
  • iwoca: $20000000 (Later stage VC)
  • OmnyWay: $12750000 (Early stage VC)
  • eToro: $12000000 (Later stage VC)
  • Mambu: $8000000 (Later stage VC)
  • Realbest: $7000000 (Later stage VC)
  • Getsafe: (Early stage VC)
  • By Miles: (mid stage)
  • omnius: (mid stage)
  • CommerzVentures: (mid stage)
  • Bought By Many: (late stage)

Paul Morgenthaler

Frankfurt am Main, Germany

Investing In

FinTech (& Financials services) • Insurance (& InsurTech) • Investment Management

Description

Partner at CommerzVentures : Serving Founders in FinTech & InsurTech

Partner at CommerzVentures : Serving Founders in FinTech & InsurTech

Vinoth Jayakumar
Investing in PropTech • FinTech (& Financial...
 London, U.K. - Spain - Germany
Investor Picture
Previous Investments
  • PremFina: $36000000 (Later stage VC)
  • Graphcore: $30000000 (Later stage VC)
  • Push Doctor: $26100000 (Later stage VC)
  • Riverlane: $20000000 (Later stage VC)
  • Ieso Digital Health: $18000000 (Later stage VC)
  • XMOS: $15000000 (Later stage VC)
  • Roomex.com: $9230000 (Early stage VC)
  • Perkbox: $8600000 (Later stage VC)
  • RavenPack: $5000000 (Later stage VC)
  • Resolver: $2900000 (Later stage VC)
  • Ledger bitbar:
  • Belvo: (early stage)
  • Flat.mx:
  • Klar:
  • Quona Capital: (mid stage)
  • Covela: (early stage)
  • worky.mx:
  • Labsense:
  • STARTegy Venture Builder: (early stage)
  • Thought Machine: (mid stage)
  • ICEYE: (mid stage)
  • SettleMint: $16000000 (Series A)
  • TILT: $3000000 (Pre Seed)
  • Friday Finance: $20000000 (Series A)
  • PrimaryBid: $190000000 (Series C)
  • PrimaryBid: $50000000 (Series B)
  • Cauldron: $1000000 (Pre Seed)
  • Form3: $160000000 (Series C)
  • Form3: $33000000 (Corporate Round)
  • Form3: $13000000 (Series B)
  • Maroo: $830000 (Pre Seed)
  • Cervest: $23000000 (Series A)
  • Ravelin: $21000000 (Series C)

Vinoth Jayakumar

London, U.K. - Spain - Germany

Investing In

PropTech • FinTech (& Financials services) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Insurance (& InsurTech) • Real Estate (& Construction)

Description

Leading Fintech investments at Draper Esprit

Partner at Molten Ventures

Stefan Tirtey
Investing in Software (Web Marketplace Saas..) &b...
 Munich Germany , Berl..., Germany
Investor Picture
Previous Investments
  • Bought By Many: $19770000
  • Fraugster: $14730000
  • Marqeta: $25000000 (Later stage VC)
  • iwoca: $20000000 (Later stage VC)
  • OmnyWay: $12750000 (Early stage VC)
  • eToro: $12000000 (Later stage VC)
  • Mambu: $8000000 (Later stage VC)
  • Realbest: $7000000 (Later stage VC)
  • Getsafe: (Early stage VC)
  • CommerzVentures: (early stage)
  • MegaZebra: (mid stage)
  • SoundCloud: (early stage)
  • Ubidyne Inc.:
  • Adaptive Mobile Security: (mid stage)
  • Plazes:
  • Seedcamp: (early stage)
  • Actionality:
  • Odersun AG:
  • Earlybird Venture Capital: (mid stage)

Stefan Tirtey

Munich Germany - Berlin Germany - Frankfurt Germany, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • BioTech • FinTech (& Financials services) • Retail (& E-Commerce) • HealthTech (& Fitness) • Insurance (& InsurTech) • Investment Management

Description

Looking to back the best and brightest entrepreneur in Fintech and Insurtech

Looking to back the best and brightest entrepreneur in Fintech and Insurtech


Founder CommerzVentures • Worked at @soundcloud, @earlybird-venture-capital • Investor @soundcloud, @plazes • Studied at @insead-1, @rwth-aachen-university

Otto Birnbaum
Investing in Software (Web Marketplace Saas..) &b...
 Berlin Paris, France,, Germany
Investor Picture
Previous Investments
  • M: (Files)
  • CoachHub: $30070000 (Later stage VC)
  • ZOLAR: $29590000 (Later stage VC)
  • Acorus Networks: $6000000 (Early stage VC)
  • Herzsache:
  • Freachly GmbH: (early stage)
  • Acatus GmbH: (early stage)
  • Oviva: (mid stage)
  • Bloomon: (early stage)

Otto Birnbaum

Berlin Paris, France,, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Media • Education • Hardware (& Manufacturing) • Insurance (& InsurTech) • Robotics • Healthcare (& Wellness) • LegalTech • Life Science • Mobile • Mobility • Nanotechnology • Oncology

Description

Investor at Partech

Investor at Partech

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