There have been a series of nine-figure financing rounds for fledgling German companies, with N26, Berlin Brands Group and Enpal all raking in massive hauls. And they weren’t the only ones. Here’s our bimonthly round-up of German venture capital success stories.
US-company Greyhound was being bought for around USD 172 million by the relatively young Germany company Flixmobility.
Germany is increasingly exploiting the advantages of online shopping, but the journey is anything but over – that’s one of the conclusions drawn by a poll of 500 retailers and wholesalers by digital industry association bitkom.
Delivery Hero, the self-proclaimed world-leading “quick commerce” company, has nibbled off an eight percent share of Gorillas. In return, the highly touted Berlin on-demand grocery start-up has received USD 235 million in fresh capital to take its Series C funding round, which also included China’s Tencent, to nearly USD one billion.
Berlin-based neo-bank N26 announced it had raised additional USD 900 million in fresh capital to take its total value to approximately USD 9 billion.
Dresden’s Sunfire has big plans for H2 in the eastern German city. The third-largest hydrogen technology company in the country has just raised EUR 109 million to fund a 500 megawatt production facility to be finished by 2023.
A whopping EUR 250 million financing round has taken Berlin-based solar energy provider Enpal over the EUR one billion mark in value. That massive haul came on top of another EUR 100 million round this spring.
Thai-Italian-German company Enapter has been given the “Fix our Climate” Award of the Earthshot Prizes, created by Britain’s Prince William. The award was made for Enapter’s modular AEM electrolyzer, which produces hydrogen for a variety of applications, including private homes.
Making microchips requires completely sterile environments and lots of ultrapure water. That always meant, in turn, that the control valves for such water had to be laboriously monitored by human beings. But not any more.
Mukesh Ambani, known as the richest person in Asia, is putting up EUR 25 million of a EUR 39-million-total financing round for German company NexWafe.