Multiple founders receive more capital

Those who are founding a company for the first time have a good chance of receiving more money in the first round of financing. In addition, Berlin is still the most lucrative place to start a business.

Good news for multiple startups: Their experience also pays off in the financing of their start-ups. As an evaluation by Redstone for the Handelsblatt

shows, multiple founders raise twice as much money in their first round of financing than first-time founders. This involves investments from capital providers. Business angels, on the other hand, invest the same amount in start-ups with multiple founders and first-time founders: on average, 600,000 euros.

Multiple founders are mainly located in Berlin, where there is one multiple founder for every five founders, whereas in Hamburg only one in twelve is setting up a start-up for the second time. In Düsseldorf, Redstone counted 147 start-ups, seven of which were founded by multiple founders. In Leipzig, there are only 34 multiple founders for every 249 newly registered start-ups.

When it comes to money, the German capital continues to lead the way. In the first quarter, of a total of three billion euros that flowed into start-ups, 1.5 billion went to Berlin.