Big Investment Deals Continue for German Start-Ups
There was no let-up in eight-figure financing rounds for fledgling companies in Germany in Q2 2021, as the country’s start-up scene remained on course for a record year.
Berlin continues to be the favored location. What’s more, a conspicuous number of medtechs make our list of the top deal-makers. But the biggest haul went to an enterprising fintech.
Wefox, Berlin, insurtech, USD 500 million+: Although the company itself wasn’t publicly commenting, German business portals Finanz-Szene and Finance Forward reported in late May that Wefox had taken in more than half a billion dollars. The firm from the German capital claims to be Europe’s most successful digital insurer. © Wefox
Ada Health, Berlin, healthtech, USD 90 million: Founded in a decade ago, Berlin’s Ada Health specializes in communications help in evaluating patients’ health complaints. Over the past decade, the company has attracted 11 million users and has carried out 23 million analyses. © Ada Health
Caresyntax, Berlin/Boston, healthtech, EUR 83 million: Another big health winner from the capital was Caresyntax, an international startup that employs digital tools, AI and machine learning to evaluate medical risk opportunities. © Caresyntax
Pitch, Berlin, business software, EUR 70 million: Although it’s only been around for three years, this Berlin start-up already feels confident enough to challenge one of the heavyweights in the sector, Microsoft’s Powerpoint. Investors were impressed enough by its business presentation and collaboration solutions to open their wallets wide. © Pitch
Kaia Health, Munich, healthtech EUR 65 million: Another medtech company, but this time from Munich. Kaia Health established five years ago, specializes in back health and has developed a patented, camera-based patented computer-vision technology for multimodal therapies. © Kaia Health
Isar Aerospace, Munich, aerospace, EUR 57 million: Isar Aerospace is a familiar name on lists like these, and the New Space start-up from the Bavarian capital has struck again. Isar’s focus is reducing costs for putting small satellites into orbit. © Isar Aerospace
sevDesk, Offenburg, business computing, EUR 50 million: Located in Offenburg in southwestern Germany, sevDesk specializes in cloud-based accounting software for freelancers and small businesses. The company says the money will be used to develop its product portfolio and integration ecosystem and to expand its workforce. © sevDesk