There’s no question which city is Germany’s start-up capital. According to a report by consultancy Ernst & Young, the so-called start-up barometer, 2.1 billion of the 2.8 billion euros invested in fledgling German firms in the first half of 2019 went to Berlin.
“The conditions are favorable even by international standards, and trends are adopted and made into reality especially quickly,” says E&Y partner Peter Lennartz.”Foreign investors have long had their eyes on Berlin.”
Up-and-coming sectors or start-up investment include fintech and mobility while investor interest in e-commerce tailed off somewhat, found E&Y.
Berlin also emerged as the clear leader in terms of big-money investment. The travel service company GetYouGuide, which employs 100 people in Berlin, alone attracted 428 million euros in fresh capital in May.