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German startups see record investments

In 2017, the total amount invested into German startups rose by 88% to a record level of 4.3 billion euros. Berlin increased its lead as top location.

30 Jan. 2018 David Schahinian

The reason for this strong growth was primarily some major deals, each with a volume of over 100 million euros, that the year before didn’t see. All this is based on the Start-up-Barometer from consulting firm EY. The two largest investments were paid to Berlin-based food delivery service Delivery Hero , which collected 989 million euros on going public, with 423 million euros going to the company. Before that, South African investor Naspers joined the startup with 387 million euros. Next in the ranks are Berlin-based car wholesaler Auto1 (360 million euros) and culinary box delivery service HelloFresh (268 million euros). In 2017, the most money flowed into e-commerce companies: Startups in this area tallied up a total of 1.8 billion euros.

Berlin remains the German capital of startups, where 208 young enterprises collected nearly three billion euros. Bavaria “only” managed 407 million euros, followed by Hamburg, Baden-Württemberg, Thüringen and North Rhine-Westfalia. “Berlin has seen very strong growth,” states Peter Lennartz, Partner at EY. Even foreign investors now have the location on their radar, something good not only for Berlin, but for the entire German startup landscape.

This positive development could continue in 2018, with success stories churning out virtually every day: Recently, skilled trades startup Homebell from Cologne, technology startup Otego from Karlsruhe and data startup Swarm64 headquartered in Berlin and Oslo received fresh funds among other companies.