The unicorns just keep coming and coming in Germany in the first month of 2021, as Munich personnel software start-up Personio has also broken through the USD one billion mark in value.
Investors / Startups
Berlin logistics start-up Sennder has cracked the USD one billion in value mark. The news, as reported by business newspaper Handelsblatt, came after the company concluded a USD 160 million round of financing.
Professional services network Ernst and Young (EY) says the number of financing rounds for fledgling companies in Germany reached an all-time high of 743 in 2020 despite the economic disruption caused by the coronavirus pandemic. That was an increase of six percent.
Are they bicycles? Are they automobiles? The answer: a bit of both.
Berlin startup Mambu announced on January 7 that it has been valued at EUR 1.7 billion, making it Germany’s newest unicorn.
Throughout 2020, this website featured more than 350 articles and videos about Germany as a business and high-tech location. Below is a list so that you can catch up on anything you might have missed.
Düsseldorf cleantech start-up poligy has come up with a solution for harvesting waste heat and converting it into electricity.
“Not by design, but by destiny,” says Sowmya Thyagarajan, describing how her digital start-up Foviatech came to be based in Hamburg. “I had opportunities in America and Australia, but Hamburg is known for its aviation industry, and I realized there is a lot of potential here.”
Amidst the continuing turmoil caused by the coronavirus pandemic in late 2020, a number of German startups had remarkable success raising capital. Here are five fledgling firms that attracted significant investments.
British electricity platform Octopus Energy is testing the waters in the German market with a planned EUR 80 million expansion to Europe’s largest economy.