Hundreds of Millions in VC for German-Based Companies
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.
Doctolib, Berlin, EUR 500 million, digital health: The German-French start-up was a big winner, taking in a half-billion in fresh capital for its online platform for medical appointments. The company says it has more than 10 million users in Germany alone and a total valuation of EUR 5.8 billion. Photo: Stanislas Niox-Chateau is the cofounder and CEO of Doctolib © picture alliance/REUTERS
Forto, Berlin, USD 250 million, logistics: The German capital is also home to one of the rising stars of international logistics. Forto nabbed a quarter of a billion dollars for its digitalized transport solutions. The company says it will use the money to continue its campaign of aggressive global expansion. Photo: The management team of Forto © Forto
1Komma5Grad, Hamburg, EUR 200 million, greentech: The name of this up-and-coming environmental protection company from the north, run by the former head of Tesla in Germany, refers to the 1.5 degree global warming limit that must be achieved to contain climate change. The 1Komma5 platform promises to help individuals live in climate-neutral fashion. Photo: © 1Komma5Grad
Volocopter, Bruchsal, USD 170 million, air mobility: A big-time Series E round led by a South Korean investor has taken Volocopter’s pre-money valuation up to USD 1.7 billion. Volocopter is the only electric vertical takeoff and landing (eVTOL) company to receive Design Organisation Approval from the European Union Aviation Safety Agency (EASA). It plans to launch commercial air taxi services in cities like Singapore, Rome, and Paris. Photo: © Volocopter
Vivid Money, Berlin, USD 100 million, fintech: Vivid is the new kid on the block where digital banking and investment platforms are concerned, but it hopes to catch up with competitor like Revolut and N26. 100 million dollars in Series C funding takes the company’s total value to USD 775 million, within striking distance of unicorn status. Photo: © Vivid Money
Sources: Handelsblatt, businessinsider.de, trendingtopics.eu