Investors put less money into German start-ups

Tom Schmidtgen Tom Schmidtgen | 26.04.2021

While investors in other European countries were putting more money into start-ups, they were holding back in Germany.

The volume of financing in German start-ups fell by 15 percent last year to just under 5.3 billion euros. This is reported by Deutsche Presse Agentur

on the basis of a study by Ernst & Young (EY). France and Great Britain, on the other hand, increased: Founders from France received just under 5.2 billion euros in 2020 - an increase of 3.4 percent. Great Britain is Europe's front-runner. There, investors put 13.9 billion euros into start-ups. That's a quarter more than in 2019.

Berlin as a start-up metropolis has fallen back to third place, according to the study. The leader is London with 10.5 billion euros in investment volume, followed by Paris with 3.9 billion euros. Berlin start-ups received three billion euros in 2020. Munich lands in 6th place in the ranking.

In Europe as a whole, investment volumes have increased, reports Deutsche Presse Agentur

referring to the study. European startups were able to raise almost a fifth more in financing, a total of 36.5 billion euros. The number of investment rounds more than doubled to a total of 6,700. The German startups with the most investor money last year were used car dealer Auto1, air taxi startup Lilium and scooter rental company Tier.

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Related companies

Lilium
Startup 2015 Weßling
Lilium
On-demand air taxi service that is powered by an all-electric, vertical take-off and landing Lilium Jet.
Auto1
Startup 2012 Berlin
Auto1
Wholesale platform for professional car dealers.

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