NBank supported young companies with around 38.1 million euros in 2021

There are now more than 400 start-ups in Lower Saxony. NBank supported 25 of them last year, in some cases with millions of euros.

Last year, Lower Saxony's state bank NBank supported young companies with around 38.1 million euros - around ten million euros more than in 2020. According to the news agency dpa, 25 start-ups were among the 37 companies supported.

The funded companies are active in various sectors - from the development of digital solutions and medical products to energy storage technology and electromobility. In December, for example, NBank invested a high six-figure sum in the Lüneburg-based AI start-up Erason via its investment company NBank Capital. NBank also invested in the medical start-up Corat Therapeutics from Braunschweig and the AI start-up Visiolab last year.

There were also 30 percent more start-ups in 2021 than in 2020. The number of start-ups registered in Lower Saxony rose to 400, with the investment company NBank Capital investing more than 120 million euros in them.