Global Data: Germany VC landscape thrives despite volume decline

Global Data: Germany VC landscape thrives despite volume decline

March 22, 2024

Equity Germany
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Germany's venture capital (VC) landscape saw notable activity during January-February 2024, with 62 disclosed deals of worth $1.3 billion.

Despite a 38.6% year-on-year (YoY) decline in deal volume, the funding value witnessed an impressive 18.9% growth, positioning the country among the top five global markets by funding value. Significant VC funding, including those secured by startups such as Everphone and Enviria, contributed to this robust performance, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that German startups raised VC funding worth $1.1 billion across 101 VC deals during the first two months of 2023.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: 'Germany was the among the top five global markets by funding value during January-February 2024 and secured the fourth position by this metric. Interestingly, among these top five markets, Germany was the only exception to register YoY growth, in terms of funding value during January-February 2024. It also saw the announcement of some big-ticket deals during this period.'

Some of the notable VC funding deals announced in Germany during the first two months of 2024 include $294 million raised by Everphone, $200 million worth of funding secured by Enviria, $129 million raised by Ineratec, and $109 million secured by FINN.

Within Europe, Germany stood just next to the UK in terms of both VC funding volume and value during the review period. In fact, the UK and Germany were the only two European markets to surpass $1 billion in total VC funding value during the first two months of 2024.

Bose concludes: 'Germany's resilience in the VC market highlights its appeal for investment and its crucial role in shaping innovation within Europe's VC landscape. The significant funding secured by German startups underscore the market's attractiveness to investors and signal potential for further expansion and success.'

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