German Start-Ups Raise Nine-Figure Sums

June 2022

Our bimonthly list of some of the biggest funding rounds for German start-ups features a “super 7” of young companies involved in digitalization, networking, automotive subscription services and renewable energy.

Trade Republic, Berlin, Fintech, EUR 250 million: Topping our list is a familiar face, the neo-broker app Trade Republic. Already a unicorn, the company raked in an additional quarter of a billion euros, taking its total valuation to EUR 5 billion. Their latest windfall was led by the Ontario Teachers’ Pension Plan Board.  © Trade Republic

CoachHub, Berlin, Digital HR, USD 200 million: Another serial money raiser, this Berlin coaching-as-a-service enterprise is nearly a quarter of billion richer after a successful Series C funding round. Founded in 2018, CoachHub’s talent development platform promises “personalised, measurable, and scalable coaching programs for the entire workforce.”  © CoachHub

Personio, Munich, Business Services, USD 200 million: Munich’s Personio may specialize in the small to medium-sized companies, but in terms of financing they’re a big deal. A USD 200 million Series E round takes the firm’s valuation  to USD 8.5 billion. Personio services some 6000 companies with half a million employees. © Personio

Kinexon, Munich, Internet of Things, USD 130 million: This AI, connectivity and automation specialist, which was founded in 2012, boasts a very impressive client list, including professional sports clubs like Paris Saint-German and the Philadelphia 76ers, as  Intel, BMW and American TV network NBC.  © Kinexon

FINN, Munich, Automobile Subscription, USD 110 million: This fledgling company also cracked the nine-figure mark in its Series B funding round. Finn offers drivers the chance to subscribe to vehicles for as little as EUR 369 a month, including things like insurance, taxes, tires and maintenance. © FINN

AppLike Group, App Economy, Hamburg, EUR 100 million: This northern German holding is now worth half a billion euros after a major cash infusion from Bertelsmann. It specializes in monetizing mobile applications through advertising, developing and marketing games for smart phones, and automating app providers’ marketing processes. © AppLike Group

Zolar, Berlin, Clean Energy, EUR 100 million: Solar energy has made a major comeback in Germany, so it’s not surprising that start-ups like Zolar from the capital are racking up successful funding rounds. The company sells and rents PV systems and digitally organizes solar-panel installations in this booming market, including booking tradesman, who are in short supply these days. © Zolar

Sources: Handelsblatt, businessinsider.de, trendingtopics.eu