German startups attract record investments
In the first six months of 2019, startups in Germany received a total of EUR 2.8 billion. Never before has so much been invested in new companies.
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Year-on-year the total investment increased by 13%. This is the conclusion of the consultancy company EY in its study Start-up Barometer Germany conducted in July 2019. 332 rounds of funding were required to generate this investment amount. Startups in Berlin received 76% of the capital investment at around EUR 2.1 billion. In second and third place came Bavaria with around 7% and Baden-Württemberg with 5%. In terms of industries, the financial/insurance tech sector with EUR 704 million was just ahead of the mobility sector, in which about EUR 659 million was invested. At just EUR 208 million, e-commerce, the previous leader, recorded a significant decline.
The most rounds of funding were required for software & analytics, as was the case last year. The number of smaller deals (max. EUR 5 million) increased from 197 to 264, medium-sized deals (EUR 5.1 to 100 million) fell from 79 to 61. The number of investments over EUR 100 million increased from three to seven. The largest deal by some distance was won by the travel startup GetYourGuide , with a total investment of EUR 428 million.
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