Venture

Top 10 German VCs Funding German Startups

Germans are becoming very serious about elevating their startup and venture scene. While startups based in Germany are expanding both at home and abroad, German venture firms are also on the rise in support of their fellow entrepreneurs.

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Venture firms and the government are pouring money into the German high tech sector. According to Crunchbase data, German startups in 2017 attracted $3.5 billion in disclosed venture rounds, a 51 percent increase from 2016.

German venture firms are behind the investment jump. Crunchbase data shows that German VC firms made 331 venture deals in German startups in 2017. These deals account for roughly $1.77 billion—a little over half of the total funding amount that German startups raised.

From 2012 to 2015, the number and volume of investments made by German venture firms in German startups had climbed up steadily. Both metrics hit their peaks in 2015 when 420 known deals were made with a total value of around $2.3 billion.

In 2016, investors made smaller investments in angel, seed, and early-stage rounds to support up-and-coming startups, hence the dip in dollar volume. In the following year, big rounds such as the $400 million venture round raised by car trading platform AUTO1 Group contributed to the dollar volume rebound.

So far this year, German venture firms have participated in 149 funding rounds in German startups, with a total value of $1.67 billion. Major players range from privately owned firms to government-backed investment vehicles.

Here is a list of the top 10 most active German venture capital firms that have made the most investments from 2012 to 2017:

German-based startups are also making headway into the U.S. market with the help of German Accelerator Tech. And although Germany-based startups have a lot of catching up to do, the country’s manufacturing prowess makes it an area worth watching.