Big Deals Galore for German-Based Start-Ups

Due to uncertainty amidst the coronavirus pandemic in 2020, the size of financing deals for start-ups in Germany decreased somewhat. But venture capital investments have come roaring back, with a number of young companies announcing impressive hauls, particularly from foreign investors. Here’s a round-up of seven of the bigger ones.

Finnish Battery Maker Valmet Comes to Germany

Valmet Automotive is expanding – specifically to the town of Kirchardt in the southwestern regional state of Baden-Württemberg. The Finnish maker of batteries for electric vehicles (EVs) is converting an 11,500-square-meter former printing shop into its third production facilities overall and first in Germany.

US Investment Fund Riverside Expands to Cologne

There’s a new investment player in the largest city on the Rhine River. America’s Riverside has acquired two German venture capital firms and opened offices in Cologne.

Drone Mission Planners are Tesla’s New Neighbors

In 2021, the US-Portuguese drone infrastructure company EVA was looking to expand its business in the fast-growing, future-oriented sector of unmanned aerial vehicle (UAV) sector. Germany Trade & Invest helped the young firm set up shop in Germany – in the town of Wildau in the state of Brandenburg near Berlin. We asked EVA spokesperson Isabel Nacke about the company’s new home.

Germany Again Tops in Europe in FDI Confidence Index

The 2021 Foreign Direct Investment Confidence Index published by management consultants AT Kearney sees Germany retain its third-placed ranking after the United States and Canada.

Germany’s Newest Unicorn is Gorillas

Berlin food delivery start-up Gorillas is the latest fledgling firm to join the coveted club of companies valued at USD 1 billion or more.

2020 was a Good Year for German Tech Start-Ups

Amidst all the disruptions caused last year by the coronavirus pandemic, Germany’s 100 largest tech start-ups took in an additional USD 3.7 billion in financing – or 37 percent of their total VC investments. That’s according to business consultants Ernst & Young.

Apple Chooses Munich for €1bn European Silicon Design Center

The long-standing love affair between the US computer colossus and the Bavarian capital has reached a new plane, with Apple announcing that it will hire hundreds of new employers and build a new connectivity and wireless technology facility in Munich.

Infarm Reaps More Huge Financing

Berlin vertical agricultural start-up Infarm has announced the successful conclusion of a USD 100 million round of funding. This impressive cash injection comes on top of the USD 170 million the company raised last September.

Volocopter Takes in 200 Million

Innovative young air taxi developer Volocopter has received a massive influx of capital from investors including German rail company Deutsche Bahn, Intel, Daimler and Geely as well as Continental and Blackrock.