The French and German governments are putting EUR 17.9 million into five projects aimed at using artificial intelligence to increase sustainability, identify and combat potential epidemics, and protect industry against disruptions to supply chains.
Medical technology leads the way in our bimonthly round-up of the biggest venture capital deals involving firms from Germany. But logistics, greentech and fintech companies also booked nine-figure funding rounds.
A prototype Mercedes-Benz all-electric EQXX has broken through the 1000-kilometer range barrier for the first time on a single charge. The vehicles set the new record on April 5 on a 1008-km tour from Germany via the Swiss Alps and northern Italy to the French Côte d’Azur.
When it took office late last year, the new German government promised to introduce wide-ranging legislation by Easter to accelerate the transition to clean energy. The so-called “Easter Package” delivers on that pledge.
The developers of the Neuconnect Interconnector – a novel 720-kilometer land and underwater cable link between the United Kingdom and Germany – have announced that EUR 1.9 billion will go to Italy’s Prysmian Group and German multinational Siemens.
Berlin start-up Choco has broken the USD one billion mark after taking in EUR 102 million in Series B-2 funding. The company, which offers ordering services to restaurants and food suppliers, doubled its value in the past 6 months and increased its users by 350 percent in 2021.
2021 was a very good year for the gaming sector in Germany. The German Games Industry Association (game) has calculated that revenue software, online fees and hardware shot up 17 percent last year over already records levels in 2020. Total turnover was EUR 9.8 billion.
Increasing numbers of women are founding start-ups in Germany and gender-diverse teams are delivering better returns, but there’s still a long way to go toward equality. We look at the challenges facing female entrepreneurs and the rewards of backing them.
PolyBlocks have often been described as “Legos for adults” and require no specialist expertise to use in construction.
In the first week of April, Berlin’s Grover became the latest German unicorn after raising USD 330 million in Series C funding.