Companies are also given support to help cover training costs once an employee has been hired. 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. The Entrepreneur Loan (Unternehmerkredit) finances up to 100% of eligible costs, up to a maximum of 25 million euros. 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. Launched in 2013 with the FlixBus brand, FlixMobility has developed the largest intercity bus network in Europe, before expanding in 2018 in the rail industry with FlixTrain. Aiming at providing convenience and time-savings, Outfittery relies on personal style experts to define outfits from men’s fashion brands and designers and send them directly to their customers. It makes HR departments more efficient by digitizing HR processes – from recruiting to managing, paying and developing people and thereby gives HR Managers more time for value creating tasks. Public guarantees are a scheme adopted by the German government to encourage commercial banks to offer loans to companies. In terms of the city’s share of the national population, more people in Berlin set themselves up in business than in any other federal state. Personnel costs of newly-created jobs, in the first two years. Industry: Business Development, SaaS – Total funding: $229.6M. To apply for the grant, you will need to submit an application to your local job centre. With a range of products and services for home heating, Thermondo brings integrated solutions to disrupt the heating market. Hi Paul, Thanks for the comment. 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. Industry: Travel, Search Engine – Total funding: $296M. Since it commenced with operations in 2012, German Startups Group has in its opinion built up a diversified portfolio of investments in young . It helps editors and developers collaborate better and reduce digital development and delivery time to quickly bring new experiences to customers and digital products to market. 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. Industry: Professional Services, Transportation – Total funding: $77M. SolarisBank is a banking-as-a-service platform with a full banking license that allows companies to offer their own financial products. Auxmoney is a financial services company operating an online peer-to-peer loan marketplace. Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. N26 a mobile banking platform. 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 It helps customers obtain the best interest rates while enhancing the banks’ reach in Europe through its open platform. Industry: E-Commerce, Eyewear – Total funding: $141.7M. Germany’s biggest funding to date! Industry: Transportation, Travel – Total funding: €500M. Entrepreneurs in Germany can also access publicly-subsidised programmes, provided by development banks, which offer loans at low-interest rates. 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. Mister Spex is an online shop specialized in glasses and contact lenses. Combining talent with technology, FreightHub keeps track of shipments through time, helps to manage documents, and provides an overview of the supply chain. A guarantee application must be submitted to the guarantee bank or state development bank via your commercial bank. With the largest population in Europe and a diversified economy, Germany is a leading hub in Europe for startups and tech companies. Your email address will not be published. Startups Apply Here. Wunder Mobility provides solutions to efficiently launch and scale mobility services. This includes: The amount of funding available is dependent upon the company’s size and location within Germany. Industry: Insurance, InsurTech – Total funding: $43.8M. Infarm helps cities improve safety, quality, and reduce the environmental footprint of food production while increasing their self-sufficiency. It allows customers to buy tickets online directly through its application and manage a fleet of buses throughout Europe. The KFW provides attractive funding opportunities for start-up coaching! Thermondo provides innovative heating solutions to increase efficiency, expand decentralized energy supply and switch to environmentally friendly technology. From building partnerships to getting startup investment and funding, the Startup Europe Club has the information and resources you need. In general, the innovation and startup landscape is building momentum rapidly, with many of the players focusing on topics like industry 4.0 and connected mobility. events What's on. You must submit your application before your project begins. The table below sets out some of the main sources, which provide capital for companies in different phases of their life cycle. Welcome to Germany’s Start-up Capital! German venture firms are behind the investment jump. Deposit Solutions provides an open banking platform allowing banks to offer third-party deposit products and associated services. Find out about business structures, licences, taxes & start-up grants. Email. Blacklane is a global professional chauffeur service. It is primarily doing business by connecting buyers and sellers of used cars through digital marketplaces. There are numerous cities including the capital Berlin, Munich, and others. Launched in 2011, Deposit Solutions has expanded to the UK and Switzerland. Charlotte Tucker-April 30, ... Germany; Slovenia; Greece; Spain; Hungary; Sweden; Ireland; Switzerland; Italy; UK; Receive our weekly Newsletter. It helps clients in the transport sector to monitor their infrastructure and operations, collecting and using data to increase assets performance. The sonnenBatterie is not just a battery, it's an intelligent storage system that automatically adjusts the energy usage in your household. Media. Having raised a healthy €621m, the bank has more than double the funding of Germany’s second-largest fintech player, Kreditech. You must apply for the wage subsidy before any employment contracts are signed. About Us. The fastest growing German startups with no disclosed funding in November were: Emma the Sleep Company, VYTAL, BABLE. Having a German bank account also helps to smooth out the application process. 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). The main criterium is the amount of funding received, as recorded on Crunchbase. Contentful provides a digital content infrastructure to make content accessible via APIs and editable in a CMS-like web app. Tourlane is a travel booking platform for tailor-made tours. The application turn-around time is usually very quick. The process for applying for equity capital varies according to the provider, but in general, you will be expected to submit a business plan and meet with the capital provider before a decision can be reached. A startup demands much more than just a great idea. 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. 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 (. It provides products from more than 60 brands and designers, with more than 5,000 different glasses, sunglasses, sports eyewear, and contact lenses. 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. Personio develops a one-stop HR operating system for SMEs up to 2.000 employees. The company acquires majority and minority shareholdings mainly by providing venture capital. Required fields are marked *. Have a look at our list of German tax consultants, advisors and accountants for expats. Grover is a company that allows customers to rent tech products with a monthly fee instead of buying them. It browses diverse data sources to compare and combine rail, air, bus, and car journeys, suggesting and visualizing the best routes and costs. ProGlove develops wearable devices that connect industrial workers and provide management tools to retrieve and collect data where it is needed on site. Become a Partner or Sponsor. 3. Thinking of starting a business in Germany? Startup financing with government funding. 2. 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. 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. Industry: Location-Based Services, Marketing – Total funding: $54.8M. of the German startup ecosystem. Industry: Ride Sharing, Electric Vehicle – Total funding: $91M. new buildings, equipment or machinery) in the first three years. 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. Freeletics. Designed for longer distances, Omio provides a comparative chart based on the cheapest or fastest travel options. Berlin’s range and depth of support and services tailored to the needs of young entrepreneurs have also played a significant part in this success. You’re also missing Munich-based tado° which was founded in 2011. tado° has reaised raised over £100m. Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. Industry: Loans, Peer to Peer – Total funding: $2B. 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: Automotive, Marketplace – Total funding: $1.1B. Thanks for the overview! Maybe because it is relatively young… and still need to develop your online presence? Funding. We will include Tado on our checking list for an upcoming update! that are becoming home to some really innovative and successful tech startups. It helps companies deploy, scale, and create technology while connecting communities with mobility services through a range of products in carpool, shuttle and fleet management. We use cookies to ensure that we give you the best experience on our website. Podcast. ** Adhering to an EU-wide classification system of company size according to employee numbers, annual turnover and balance sheet totals. 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. You can apply for a subsidy that covers up to 50% of all on-the-job training costs. Under this scheme, public guarantee banks act as guarantors for those who have insufficient collateral for loans, i.e. 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. Cheers, Your email address will not be published. Omio is a European travel search platform. Country: Germany | Funding: $519.3M Kreditech uses machine-learning technologies to provide access to better credit for the underbanked. Kreditech. It combines smart modular farms with IoT technologies and machine learning to improve and develop sustainable production and distribution of food. 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. Germany is ideal for expat entrepreneurs wanting to start a company or go freelance. Country: Germany | Funding: $69.3M Ada Health offers a new approach … Coya also provides a simplified experience for customers to file insurance claims. Which one do you think provides the most useful product? 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. Signavio has expanded to Silicon Valley and Singapore. Start-up funding in Germany. Industry: Banking, Financial Services – Total funding: €95.1M. Relying on tourism experts, Tourlane creates unique adventures and authentic travel experience to more than 30 countries worldwide. Europe and Germany have become such great locations for start-ups. To be eligible for the start-up grant, you need to be entitled to unemployment benefit for at least 150 days beyond the point at which you take up self-employment. And notably, these startups are now putting this capital into building the teams of the future — and growing fast. Hi, We should update the German startups list in the coming weeks. What are the best startups to invest in? 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. Throughout the loan period, the borrower pays an annual fee, proportional to the outstanding amount borrowed. 0. Germans and foreign entrepreneurs alike are welcome to apply for financial support. 0. // NEWS// Watch our WELCOME VIDEO!!! The country was ranked number one in Europe for startups by NimbleFins in 2019. Your bank can contact the development bank for a loan on your behalf. MOST ACTIVE MARKET Finance. Taxfix aims at simplifying the tax filing system and facilitating the savings that can be realized while complying with tax declaration. It provides businesses control over their online presence and reputation, ensuring seamless integration and consistency with their physical locations around the web. Country: Germany | Funding: $70M Freeletics develops AI-powered fitness coaching app. Public guarantees can cover up to 80% of the loan amount, usually up to 1,25 million euros, over a period of fifteen years. As of January 2021, the startup has 25 employees listed on LinkedIn. There are four main types of incentives. 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. 14. Movinga is a vertically integrated logistics company for individuals and medium-sized companies. It demands a lot of time, discipline, dedication, and most importantly, funding. Resources, tools and data for business, money, tech and finance. To get started, select your profile below. Organizations in this hub have their headquarters located in Germany, Europe; notable events and people located in Germany are also included. The Deutschland is home to several innovative tech startups founded by talented and ambitious entrepreneurs who want to disrupt the market with their concepts. We didn’t find your company before our initial screening. Applications for GRW cash grants can be made with the state development bank in your federal state (Landesförderinstitut or Förderbank), who administer the cash grants as well as approving applications. Funding: $168.5M Sonnen is a German-based pioneer for intelligent lithium based energy storage. Germany is one of Europe’s leading startup powerhouses, attracting $5.4bn in venture capital funding in 2020, more than double four years ago. Industry: Financial Services, FinTech – Total funding: €43.5M. However, from e-commerce to industrial applications, from transportation to artificial intelligence, many German startups are also engaged in the application of technology to new verticals, and the disruption of a wide array of industries. The start-up grant is a discretionary grant provided in two phases by the Federal Employment Agency. Workshops held . It helps banks obtain deposits from new markets and client groups without operating their own retail infrastructure. When will I get my coronavirus vaccination in Germany? Starting up your Business in Germany at the Heart of Europe. 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. Startup Europe projects. hello@startupfundingevent.com . For the first six months, you are given the unemployment benefit you were previously entitled to, plus 300 euros per month. The technologically-savvy and solvable German people provides a great base to support startups in their national and international expansion. Blog. Industry: Insurance, InsurTech – Total funding: $40M. GET ACCESS TO CORPORATES FROM THE VIBRANT RHINE-RUHR REGION. 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. Local ecosystems supported +1k. Lilium is a company developing personal aircraft. What are the criteria and deadline to be published on your list? If you have lost your job and are receiving unemployment benefit, you may be entitled to a start-up grant to encourage you to take up self-employment. [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 … // NEWS// 2020: Let’s Tour digital! Anyway, be sure that we will include you on our checking list for an upcoming update! Konux provides IoT solutions for the industry, combining smart sensor and AI-based data analytics to deliver better management of industrial assets and maintenance. Tier Mobility provides micro-mobility sharing-solutions. Industry: E-Commerce, Rental – Total funding: €101M. September. 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. German Startups Group is an investment company based in Berlin that focuses on young, fast-growing companies. The last update was made on January 20, 2021. 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. Uberall is a location marketing SaaS company, connecting businesses with consumers through their offline purchase journey. PS: Maybe we could help in developing your online presence. All expats need to know about taxation & the tax system in Germany, responsible tax authorities, ELSTER & asking tax advisors for help with German taxes. Industry: Analytics, Data Visualization – Total funding: $77.5M. // NEWS // The whole webinar series online! It offers individuals and companies to easily access to more than 1,500 tech products at a fraction of the cost, including smartphones, laptops, virtual reality gear, and wearables. If you continue to use this site we will assume that you are happy with it. The staff can advise you as to the exact process, but usually, you will need to submit the following documents: Explained: Germany's new mask rule for public transport & shops, Germany extends coronavirus lockdown until February 14, February 2021: 8 changes affecting expats in Germany. 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