Public guarantees are a scheme adopted by the German government to encourage commercial banks to offer loans to companies. EU Startup Services is the leading Europe-wide consultancy exclusively supporting Startups in their path to EU funding leveraging our extensive knowledge of Horizon 2020 and our relations with private investors and VCs. [Funding alert] Digital healthcare startup MediBuddy closes $40M in Series B round Government depts to add over 1.4 lakh jobs between 2019 and March 1, 2021: Budget Startup … September. You must submit your application before your project begins. Companies are also given support to help cover training costs once an employee has been hired. SolarisBank is a banking-as-a-service platform with a full banking license that allows companies to offer their own financial products. Workshops held . N26 a mobile banking platform. Most of these funding programmes consist of public loans, which offer you better conditions with regard to their interest, loan periods and repayment terms. Ada Health . Contentful provides a digital content infrastructure to make content accessible via APIs and editable in a CMS-like web app. Startup financing with government funding. This list of startups in Germany provides data on their funding history, investment activities, and acquisition trends. EU-wide incentives (Horizon 2020 programme), Professional opinion as to the viability of the project, Proof of knowledge to pursue self-employment, Certificate documenting registration of the business at the trade office (. When will I get my coronavirus vaccination in Germany? * See a GRW regional aid map outlining border, C and D regions, valid until 2020. Germany 10+ employees Fast-growing There are two phases to the grant. Konux provides IoT solutions for the industry, combining smart sensor and AI-based data analytics to deliver better management of industrial assets and maintenance. Here are the top 30 best-funded startups from Germany. Alongside the loans offered by the KfW, each German federal state has its own development bank, which provides loans of up to 10 million euros to small and medium-sized enterprises (SMEs). We use cookies to ensure that we give you the best experience on our website. The start-up grant is not available to those above the statutory retirement age. Infarm is a company specialized in vertical farms. Alongside these key players, Germany’s lively fintech scene is expanding and beginning to see results. Auto1 Group is a leading digital automotive platform in Europe. GET ACCESS TO CORPORATES FROM THE VIBRANT RHINE-RUHR REGION. How is coronavirus impacting the funding landscape for startups? Industry: Transportation, Travel – Total funding: €500M. For expats of all colours, shapes & sizes, EU-wide classification system of company size, state development bank in your federal state (, Capital expenditures (e.g. Job centres also offer seminars and courses to help prepare you for running your own business or becoming a freelancer. Which one do you think provides the most useful product? events What's on. Operating in more than 30 countries, Auto1 provides liquidity, more business and first-class supply to its private customers and professional partners. of the German startup ecosystem. Industry: Banking, Financial Services – Total funding: €95.1M. Billie provides solutions to SMEs for their needs in working capital management. Curated by @gonsanchezs. Grover is a company that allows customers to rent tech products with a monthly fee instead of buying them. Crunchbase data shows that German VC firms made 331 venture deals in German startups in 2017. Public guarantees can cover up to 80% of the loan amount, usually up to 1,25 million euros, over a period of fifteen years. 0. Blog. Outfittery is a company specialized in personal shopping service for men. For the first six months, you are given the unemployment benefit you were previously entitled to, plus 300 euros per month. With a range of products and services for home heating, Thermondo brings integrated solutions to disrupt the heating market. Industry: Location-Based Services, Marketing – Total funding: $54.8M. Industry: Accounting, Apps – Total funding: $45M. The BA will also subsidize up to 100% of the cost of training new employees if particular training measures need to be undertaken before they can start work. Usually, this requires you to obtain a statement from an expert authority, such as your local Chamber of Industry and Commerce (IHK), Chamber of Crafts (HWK), or a financial institution. Industry: Professional Services, Transportation – Total funding: $77M. 0. First Name. It provides logistically optimized relocation services for individuals and companies, together with transports of goods, packing, warehousing, and courier services. Involved in a number of industries and businesses, many of these startups are operating through software or cloud-based platform. It offers a range of insurance products for home and daily life and customers to quickly and easily access and modify their insurance policies according to their evolving needs. Top 31 AI startups in Germany. You can receive a grant of up to 50% of the employee’s salary for up to 12 months. For state guarantees, the application is dependent on a committee’s decision. Industry: E-Commerce, Eyewear – Total funding: $141.7M. Incentives are provided on three different levels: The amount of funding available is dependent on the size of the business, how many companies or institutes are involved, and the kind of research being undertaken. Though the majority of these startups operate through technology, many of these companies are also involved in the financial sector, one of the most interesting sectors for disruption and accelerated growth. Signavio has expanded to Silicon Valley and Singapore. Relying on tourism experts, Tourlane creates unique adventures and authentic travel experience to more than 30 countries worldwide. Nevertheless, a few of the leading German startups have already beaten these odds and reached the status of “Unicorn”, that is to say, a valuation of more than a billion dollars. A 2016 British Business Bank Survey highlights the fact that more than 60% of startups require external funding rounds in order to establish their ground firmly. We couldn’t find it in our initial screening. We didn’t find your company before our initial screening. they promise to repay the lender if the borrower defaults on payments. It offers a simple, fully automated invoice financing solution customized for small businesses and helps them secure better payment terms through a pay-after-delivery solution for B2B online merchants. Here is the list of the top 30 best-funded German startups with details about each company, the total amount of funds received by the company in US $ or British £ according to Crunchbase, as of October 29, 2019 (with € converted to US $ with the rate of 1.10795 $/€), together with a direct link to the company’s website. Germany is ideal for expat entrepreneurs wanting to start a company or go freelance. Hi Paul, Thanks for the comment. Podcast. You must apply for the wage subsidy before any employment contracts are signed. It also helps to connect investors with credit seekers through a secure, fast and transparent platform, without the need for any intermediary. There are two levels of public loans: The KfW (Kreditanstalt für Wiederaufbau - “Reconstruction Credit Institute”), the federal government’s development bank, has a number of financing options open to entrepreneurs, both German and foreign. hello@startupfundingevent.com . Combining talent with technology, FreightHub keeps track of shipments through time, helps to manage documents, and provides an overview of the supply chain. Here is a selection of articles, news and features you may also like. Required fields are marked *. German venture firms are behind the investment jump. For the complete list of the world’s unicorn startups, and much more information on each company, including its valuation, funds raised, known investors, website link, and description, check our 580 Unicorn Startup Companies Excel Spreadsheet. 197. Start-up funding in Germany. The main criterium is the amount of funding received, as recorded on Crunchbase. 08 2015. It provides products from more than 60 brands and designers, with more than 5,000 different glasses, sunglasses, sports eyewear, and contact lenses. It demands a lot of time, discipline, dedication, and most importantly, funding. You must also demonstrate that the start-up is a viable venture. 2. Industry: Banking, FinTech – Total funding: $682.8M. Personio develops a one-stop HR operating system for SMEs up to 2.000 employees. Thermondo provides innovative heating solutions to increase efficiency, expand decentralized energy supply and switch to environmentally friendly technology. Operating through a digital platform, Tier Mobility manages fleets of electric scooters throughout European cities. Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. that are becoming home to some really innovative and successful tech startups. The whole of eastern Germany, excluding Berlin, is classified as a “C” region, while the vast majority of prosperous southern federal states such as Bavaria and Baden-Württemberg have no funding entitlement. Europe and Germany have become such great locations for start-ups. It combines smart modular farms with IoT technologies and machine learning to improve and develop sustainable production and distribution of food. Media. It is designed to deliver journeys four times faster than a taxi, yet at a competitive price. Country: Germany | Funding: $69.3M Ada Health offers a new approach … The Entrepreneur Loan (Unternehmerkredit) finances up to 100% of eligible costs, up to a maximum of 25 million euros. ** Adhering to an EU-wide classification system of company size according to employee numbers, annual turnover and balance sheet totals. The application turn-around time is usually very quick. 0. Germans and foreign entrepreneurs alike are welcome to apply for financial support. Kreditech. Sonnen. And notably, these startups are now putting this capital into building the teams of the future — and growing fast. Launched in 2011, Deposit Solutions has expanded to the UK and Switzerland. There are four main types of incentives. It browses diverse data sources to compare and combine rail, air, bus, and car journeys, suggesting and visualizing the best routes and costs. If the employee has disabilities or is above a certain age, the subsidy rises to 70% of their wage for up to eight years. In February of 2020, the startup secured €4.8 million in seed funding. Having raised a healthy €621m, the bank has more than double the funding of Germany’s second-largest fintech player, Kreditech. What we can do for you. There are numerous grants, loans and financial incentives available for anyone wishing to start a business. There are cash payments available for businesses who hire unemployed people on long-term contracts. Raisin is a marketplace for savings and investment. Some examples: Students, graduates and academics who want to make their startup idea a reality have the opportunity to apply for the Exist Startup Grant from the German Federal Ministry for Economic Affairs and Energy. Deposit Solutions provides an open banking platform allowing banks to offer third-party deposit products and associated services. Focusing on finding frictions through big data, Celonis improves transparency and efficiency to help businesses save valuable time and money by improving procurement, human resource, information technology service management, logistics, production, accounting, sales, audit and more. Here is the list of the top 30 best-funded German startups with details about each company, the total amount of funds received by the company in US $ or British £ according to Crunchbase, as of October 29, 2019 (with € converted to US $ with the rate of 1.10795 $/€), together with a direct link to the company’s website. Celonis provides solutions for analyzing and visualizing business processes. Cheers! To get started, select your profile below. Industry: Farming, Internet of Things – Total funding: $134.1M. Funding. Industry: Aerospace, Transportation – Total funding: $101.4M. The start-up grant is a discretionary grant provided in two phases by the Federal Employment Agency. It helps clients in the transport sector to monitor their infrastructure and operations, collecting and using data to increase assets performance. You will need a business plan and sufficient loan securities. The amount up for grabs is large: in 2016, more than 934 million euros of venture capital was invested in new companies based in Germany. CUMULATIVE FUNDING (USD) $4.7+ Billion. Various public sources, on both a national and a regional level, provide equity capital for new businesses in Germany. Working for one of the fastest growing European (and German) start-ups myself, I was wondering if you could add Personio – The HR Operating System. Industry: Banking, FinTech – Total funding: $198.9M. The fastest growing German startups with no disclosed funding in November were: Emma the Sleep Company, VYTAL, BABLE. Become a Volunteer. There are numerous grants, loans and financial incentives available for anyone wishing to start a business. Top Funding Types Seed , Series A , Pre-Seed , Series B , Angel. Wunder Mobility provides solutions to efficiently launch and scale mobility services. It provides a digital portal for customers to manage their insurance policies and view the potential for savings and improvements, ensuring they have the right hedge at the best price-performance ratio. Public funding in Germany can broadly be divided into four main groups: Direct grants are non-repayable cash payments granted to new businesses in Germany to offset initial set-up costs, promote research and development, or help build a company’s workforce. What are the criteria and deadline to be published on your list? Local job centres, run by the Federal Employment Agency, offer free services to businesses such as vacancy advertising, pre-selection of candidates and provision of facilities to conduct job interviews. Funding: $168.5M Sonnen is a German-based pioneer for intelligent lithium based energy storage. Mister Spex is an online shop specialized in glasses and contact lenses. Anyway, be sure that we will include you on our checking list for an upcoming update! Thinking of starting a business in Germany? Personnel costs of newly-created jobs, in the first two years. // NEWS// 2020: Let’s Tour digital! Industry: Travel, Reservations – Total funding: $81M. Entrepreneurs in Germany can also access publicly-subsidised programmes, provided by development banks, which offer loans at low-interest rates. This year’s list of the best 121 Germany tech startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between. Industry: Transportation, Fleet Management – Total funding: $70M. Starting up your Business in Germany at the Heart of Europe. Freeletics. Omio is a European travel search platform. Do not hesitate to contact us if you’re interested. Industry: Energy, Equipment – Total funding: €63.3M. Industry: Loans, Peer to Peer – Total funding: $2B. Industry: E-Commerce, Rental – Total funding: €101M. Let us know in the comments below! N26 caters to customers in the European Union directly or through its subsidiaries, thanks to a convenient mobile application. Launched with the idea of prototyping of a new form of aircraft, the company has now revealed its Lilium Jet, a five-seater, fully-electric aircraft that can take-off and land vertically. Cheers, Your email address will not be published. Movinga is a vertically integrated logistics company for individuals and medium-sized companies. Discover the events organised by Startup Europe and our partners. The Munich based company is one of Europe‘s fastest-growing tech startups. Regions in Germany are allocated a maximum funding entitlement, based on their economic outputs. German startups get lots of funding and support from the government and corporate businesses. Startup Europe projects. Clark is an insurance platform that aims at making insurance simple, fair and transparent. Signavio provides cloud-based process modeling and management systems. Receive the IamExpat Weekly and Special Offers from our Partners. Industry: Content, SaaS – Total funding: $79.6M. There are numerous cities including the capital Berlin, Munich, and others. We will include Tado on our checking list for an upcoming update! Though they may not be as famous as well-established German digital corporations, such as Rocket Internet or Zalando, many of these companies are already well-known in Germany and abroad, reaching a large population with their products and services. Updated: January 28, 2021. Blacklane is a global professional chauffeur service. In combination with solar panels the sonnenBatterie will enable you … With the largest population in Europe and a diversified economy, Germany is a leading hub in Europe for startups and tech companies. The GRW (Gemeinschaftsaufgabe “Verbesserung der regionalen Wirtschaftsstruktur” - Joint Task for the Improvement of Regional Economic Structures) is a major investment programme committed to creating jobs and promoting regional economic development. In need of tax advice or tax services in Germany? 580 Unicorn Startup Companies Excel Spreadsheet, Top 30 US companies in the NASDAQ index 2021, Top 30 US companies in the DOW JONES index 2021, Top 30 companies of Europe in the EURO STOXX 50 index 2021, Top 30 companies of China in the Shanghai Composite index 2020. If your business idea is convincing, you may obtain funding to help you start up your business, which will put you in a more secure position. Industry: Freight Service, Logistics – Total funding: $53M. Headquarters: Dresden, Germany Funding: €2.6 million Investors: The seed funding round was led by Brandenburg Kapital and supported by High-Tech-Gründerfonds, Technologiegründerfonds Sachsen, and business angels. Felmo, a Berlin-based pet care startup, recently completed its Series A fundraising round — a significant development for the company, which was only founded in 2019. LARGEST GERMAN FUNDING ROUNDS IN 2020 Rank Company Market Type Date Amount; 1: TIER Mobility: Electric Vehicle Series C: November: $250,000,000: 2: Lilium: Aerospace You will need to submit the following documents: The German federal government (Bundesregierung) has committed to spending around 3% of GDP on funding research and development, meaning that there are numerous programmes providing financial support for these kinds of projects. Find out about business structures, licences, taxes & start-up grants. German Startups Group is an investment company based in Berlin that focuses on young, fast-growing companies. Your bank can contact the development bank for a loan on your behalf. In a recent development, as first reported by Reuters, FlixBus has raised funding around €500 million in a Series F round, bringing valuation of more than $2 billion. Cut through the chase for business, money, tech and finance: get the latest from Disfold directly in your inbox! Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. Coya provides a new way of managing insurance policies centered on the customers. A guarantee application must be submitted to the guarantee bank or state development bank via your commercial bank. A prerequisite for the first contact with a business angel is a team of founders who are enthusiastic about their idea, who have a firm eye on their target market, know where their customers are and how they want to earn money. The table below sets out some of the main sources, which provide capital for companies in different phases of their life cycle. The startups in South-East Asia (Singapore, Indonesia, Vietnam, Philippines, Thailand, Malaysia, Myanmar and Cambodia) followed with $15.9 billion and the West Asian startups (Qatar, Israel, Turkey, Kuwait, United Arab Emirates, Lebanon, Cyprus, Saudi Arabia, Jordan, Iran, Yemen, Armenia and Bahrain) ranked next with $5.2 billion of the total startup funding in 2018. Industry: Automotive, Marketplace – Total funding: $1.1B. It offers grants to businesses in the manufacturing and service industries to cover a proportion (up to a maximum of 40%) of costs during the establishment phase. Having a German bank account also helps to smooth out the application process. Have a look at our list of German tax consultants, advisors and accountants for expats. FlixMobility is a transportation company offering convenient, affordable and environmentally-friendly travel. The EXIST Business Start-up Grant is a support programme of the German Federal Ministry for Economic Affairs and Energy and is co-financed by the European Social Fund. 22 Mes EU-Startups Summit. Additionally, you must prove that you possess the necessary knowledge and abilities to run your own business, for instance by your qualifications or having attended a course. There are also a number of labour-related incentives on offer from the Federal Employment Agency (Bundesagentur für Arbeit - BA) to help new companies reduce their operational costs. Wearable barcode scanning solutions, proglove enhances efficiency, flexibility, and.., Angel Series a, Pre-Seed, Series B, Angel also given support to help cover costs! Ai-Based data analytics to deliver better management of industrial assets and maintenance state bank... Email address will not be published to SMEs for their needs in working capital management business,! 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