In need of tax advice or tax services in Germany? We couldn’t find it in our initial screening. In general, the innovation and startup landscape is building momentum rapidly, with many of the players focusing on topics like industry 4.0 and connected mobility. Celonis provides solutions for analyzing and visualizing business processes. Mister Spex is an online shop specialized in glasses and contact lenses. Your bank can contact the development bank for a loan on your behalf. A 2016 British Business Bank Survey highlights the fact that more than 60% of startups require external funding rounds in order to establish their ground firmly. Billie provides solutions to SMEs for their needs in working capital management. Hi, We should update the German startups list in the coming weeks. The technologically-savvy and solvable German people provides a great base to support startups in their national and international expansion. In combination with solar panels the sonnenBatterie will enable you … Taxfix aims at simplifying the tax filing system and facilitating the savings that can be realized while complying with tax declaration. The fastest growing German startups with no disclosed funding in November were: Emma the Sleep Company, VYTAL, BABLE. Berlin is Germany’s start-up capital. It helps companies deploy, scale, and create technology while connecting communities with mobility services through a range of products in carpool, shuttle and fleet management. There are cash payments available for businesses who hire unemployed people on long-term contracts. they promise to repay the lender if the borrower defaults on payments. And notably, these startups are now putting this capital into building the teams of the future — and growing fast. You must apply for the wage subsidy before any employment contracts are signed. Hi Paul, Thanks for the comment. Alongside the loans offered by the KfW, each German federal state has its own development bank, which provides loans of up to 10 million euros to small and medium-sized enterprises (SMEs). To apply for the grant, you will need to submit an application to your local job centre. Additionally, you must prove that you possess the necessary knowledge and abilities to run your own business, for instance by your qualifications or having attended a course. German startups get lots of funding and support from the government and corporate businesses. of the German startup ecosystem. Ada Health . Industry: Banking, FinTech – Total funding: $198.9M. Combining talent with technology, FreightHub keeps track of shipments through time, helps to manage documents, and provides an overview of the supply chain. There are two phases to the grant. Tier Mobility provides micro-mobility sharing-solutions. Germans and foreign entrepreneurs alike are welcome to apply for financial support. Objectives: Arioso aims to pursue its expansion, integrate its MEMS-based micro loudspeaker in audio devices, and enable further development and testing of its technology at … In a recent development, as first reported by Reuters, FlixBus has raised funding around €500 million in a Series F round, bringing valuation of more than $2 billion. It allows customers to buy tickets online directly through its application and manage a fleet of buses throughout Europe. The BA will also subsidize up to 100% of the cost of training new employees if particular training measures need to be undertaken before they can start work. Industry: Transportation, Travel – Total funding: €500M. Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. Cut through the chase for business, money, tech and finance: get the latest from Disfold directly in your inbox! Designed for longer distances, Omio provides a comparative chart based on the cheapest or fastest travel options. There are also a number of labour-related incentives on offer from the Federal Employment Agency (Bundesagentur für Arbeit - BA) to help new companies reduce their operational costs. Resources, tools and data for business, money, tech and finance. Germany’s biggest funding to date! The staff can advise you as to the exact process, but usually, you will need to submit the following documents: Explained: Germany's new mask rule for public transport & shops, Germany extends coronavirus lockdown until February 14, February 2021: 8 changes affecting expats in Germany. Blacklane is a global professional chauffeur service. GET ACCESS TO CORPORATES FROM THE VIBRANT RHINE-RUHR REGION. Through its wearable barcode scanning solutions, ProGlove enhances efficiency, flexibility, and quality for comprehensive industry 4.0 approaches. Maybe because it is relatively young… and still need to develop your online presence? What are the best startups to invest in? Germany is ideal for expat entrepreneurs wanting to start a company or go freelance. Industry: E-Commerce, Eyewear – Total funding: $141.7M. Menu. Industry: Content, SaaS – Total funding: $79.6M. The start-up grant is a discretionary grant provided in two phases by the Federal Employment Agency. Industry: Professional Services, Transportation – Total funding: $77M. It also helps to connect investors with credit seekers through a secure, fast and transparent platform, without the need for any intermediary. 580 Unicorn Startup Companies Excel Spreadsheet, Top 30 US companies in the NASDAQ index 2021, Top 30 US companies in the DOW JONES index 2021, Top 30 companies of Europe in the EURO STOXX 50 index 2021, Top 30 companies of China in the Shanghai Composite index 2020. Tourlane is a travel booking platform for tailor-made tours. This Week’s Popular Posts. The most unique thing about Germany is that the country doesn't have only one Digital Hub. You can receive a grant of up to 50% of the employee’s salary for up to 12 months. It helps clients in the transport sector to monitor their infrastructure and operations, collecting and using data to increase assets performance. Berlin’s range and depth of support and services tailored to the needs of young entrepreneurs have also played a significant part in this success. Germany Trade & Invest, the economic development agency of the German government, can assist you in identifying suitable funding programmes and the application process. EU-wide incentives (Horizon 2020 programme), Professional opinion as to the viability of the project, Proof of knowledge to pursue self-employment, Certificate documenting registration of the business at the trade office (. Through its digital platform, Blacklane allows anyone to book and manage rides for airport transport, limousine or private car services, and ground transportation in more than 300 cities around the world. Uberall is a location marketing SaaS company, connecting businesses with consumers through their offline purchase journey. Which one do you think provides the most useful product? You must also demonstrate that the start-up is a viable venture. Start-up funding in Germany. For the first six months, you are given the unemployment benefit you were previously entitled to, plus 300 euros per month. The whole of eastern Germany, excluding Berlin, is classified as a “C” region, while the vast majority of prosperous southern federal states such as Bavaria and Baden-Württemberg have no funding entitlement. The government supports startup founders with different grant programs for starting a company. Participating startups. FlixMobility is a transportation company offering convenient, affordable and environmentally-friendly travel. Pets in Germany have a new way to join the digital world. If you have lost your job and are receiving unemployment benefit, you may be entitled to a start-up grant to encourage you to take up self-employment. Industry: Energy, Equipment – Total funding: €63.3M. It makes HR departments more efficient by digitizing HR processes – from recruiting to managing, paying and developing people and thereby gives HR Managers more time for value creating tasks. For state guarantees, the application is dependent on a committee’s decision. German venture firms are behind the investment jump. Startup Europe projects. The last update was made on January 20, 2021. Industry: Loans, Peer to Peer – Total funding: $2B. Country: Germany | Funding: $519.3M Kreditech uses machine-learning technologies to provide access to better credit for the underbanked. Industry: Banking, FinTech – Total funding: $206M. There are four main types of incentives. It provides a digital portal for customers to manage their insurance policies and view the potential for savings and improvements, ensuring they have the right hedge at the best price-performance ratio. 0. Industry: Freight Service, Logistics – Total funding: $53M. Cheers! To get started, select your profile below. Curated by @gonsanchezs. Industry: Financial Services, FinTech – Total funding: €43.5M. Top 31 AI startups in Germany. Integrated via APIs, SolarisBank integrates financial services to help companies deliver modern and scalable banking products in e-money, instant credit, and digital banking as well as third-party services. A prerequisite for the first contact with a business angel is a team of founders who are enthusiastic about their idea, who have a firm eye on their target market, know where their customers are and how they want to earn money. Do not hesitate to contact us if you’re interested. The table below sets out some of the main sources, which provide capital for companies in different phases of their life cycle. Become a Partner or Sponsor. To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 30 German startups. get some Keyfacts // NEWS // Best Practice Video: OmniOpti & startport // NEWS // 124 start-ups from 30 countries!! [Funding alert] Digital healthcare startup MediBuddy closes $40M in Series B round Government depts to add over 1.4 lakh jobs between 2019 and March 1, 2021: Budget Startup … Applications for GRW cash grants can be made with the state development bank in your federal state (Landesförderinstitut or Förderbank), who administer the cash grants as well as approving applications. There are numerous grants, loans and financial incentives available for anyone wishing to start a business. Having a German bank account also helps to smooth out the application process. Industry: Artificial Intelligence, Internet of Things – Total funding: $51.6M. The country was ranked number one in Europe for startups by NimbleFins in 2019. Become a Volunteer. The startups in South-East Asia (Singapore, Indonesia, Vietnam, Philippines, Thailand, Malaysia, Myanmar and Cambodia) followed with $15.9 billion and the West Asian startups (Qatar, Israel, Turkey, Kuwait, United Arab Emirates, Lebanon, Cyprus, Saudi Arabia, Jordan, Iran, Yemen, Armenia and Bahrain) ranked next with $5.2 billion of the total startup funding in 2018. Usually, this requires you to obtain a statement from an expert authority, such as your local Chamber of Industry and Commerce (IHK), Chamber of Crafts (HWK), or a financial institution. The top startups for Germany in Startup Ranking featuring startups/companies like EyeEm, Contentful, Blinkist, JustWatch, Clue, Cleverism, Kraken.io. For the complete list of the world’s unicorn startups, and much more information on each company, including its valuation, funds raised, known investors, website link, and description, check our 580 Unicorn Startup Companies Excel Spreadsheet. Operating in more than 30 countries, Auto1 provides liquidity, more business and first-class supply to its private customers and professional partners. We use cookies to ensure that we give you the best experience on our website. Industry: Internet, Logistics – Total funding: $92.8M. Industry: Travel, Reservations – Total funding: $81M. Start-ups helped. You’re also missing Munich-based tado° which was founded in 2011. tado° has reaised raised over £100m. Your email address will not be published. ** Adhering to an EU-wide classification system of company size according to employee numbers, annual turnover and balance sheet totals. Public funding in Germany can broadly be divided into four main groups: Direct grants are non-repayable cash payments granted to new businesses in Germany to offset initial set-up costs, promote research and development, or help build a company’s workforce. You will need a business plan and sufficient loan securities. Podcast. Top 32 green energy startups in Germany. Countries we operate in. Thanks to its digital platform, Raisin also provides its customers with an app to simplify the investment process and ease the management of investments. The process for applying for equity capital varies according to the provider, but in general, you will be expected to submit a business plan and meet with the capital provider before a decision can be reached. Companies are also given support to help cover training costs once an employee has been hired. Industry: Insurance, InsurTech – Total funding: $43.8M. Clark is an insurance platform that aims at making insurance simple, fair and transparent. Europe and Germany have become such great locations for start-ups. Some examples: Students, graduates and academics who want to make their startup idea a reality have the opportunity to apply for the Exist Startup Grant from the German Federal Ministry for Economic Affairs and Energy. You must submit your application before your project begins. Get to grips with permits, licences, qualifications, legal forms, registering, business taxes and insurance. Germans and foreign entrepreneurs alike are welcome to apply for financial support. Personnel costs of newly-created jobs, in the first two years. And depositors gain access to more deposit products without opening new accounts with other banks. Through its digital platform, Taxfix allows individuals to easily go through their tax declaration online and provides them an automated calculation and submission of tax returns. Signavio has expanded to Silicon Valley and Singapore. Local ecosystems supported +1k. Deposit Solutions provides an open banking platform allowing banks to offer third-party deposit products and associated services. Funding. You can apply for a subsidy that covers up to 50% of all on-the-job training costs. Here are the top 30 best-funded startups from Germany. The amount up for grabs is large: in 2016, more than 934 million euros of venture capital was invested in new companies based in Germany. Industry: E-Commerce, Rental – Total funding: €101M. Below is a preview of the data we have collected for the top well-funded startups in Germany COMPANIES TRACKED 183. Public guarantees are a scheme adopted by the German government to encourage commercial banks to offer loans to companies. According to Crunchbase data, German startups in 2017 attracted $3.5 billion in disclosed venture rounds, a 51 percent increase from 2016. Bryter : This Berlin-based startup, founded in 2018, offers a no-code software to over 30 international law and accounting firms, as well as companies and governments, to automate decision-making. Germany offers fertile ground for the entrepreneur, with billions of euros being injected into schemes that promote research, innovation and investment. Outfittery is a company specialized in personal shopping service for men. Here is the list of the top 30 best-funded German startups with details about each company, the total amount of funds received by the company in US $ or British £ according to Crunchbase, as of October 29, 2019 (with € converted to US $ with the rate of 1.10795 $/€), together with a direct link to the company’s website. // NEWS// Watch our WELCOME VIDEO!!! N26 a mobile banking platform. Industry: Aerospace, Transportation – Total funding: $101.4M. It browses diverse data sources to compare and combine rail, air, bus, and car journeys, suggesting and visualizing the best routes and costs. Launched in 2013 with the FlixBus brand, FlixMobility has developed the largest intercity bus network in Europe, before expanding in 2018 in the rail industry with FlixTrain. To be eligible for the start-up grant, you need to be entitled to unemployment benefit for at least 150 days beyond the point at which you take up self-employment. However, from e-commerce to industrial applications, from transportation to artificial intelligence, many German startups are also engaged in the application of technology to new verticals, and the disruption of a wide array of industries. Crunchbase data shows that German VC firms made 331 venture deals in German startups in 2017. hello@startupfundingevent.com . What are the criteria and deadline to be published on your list? It offers individuals and companies to easily access to more than 1,500 tech products at a fraction of the cost, including smartphones, laptops, virtual reality gear, and wearables. Email. Though the majority of these startups operate through technology, many of these companies are also involved in the financial sector, one of the most interesting sectors for disruption and accelerated growth. It helps banks obtain deposits from new markets and client groups without operating their own retail infrastructure. Top Funding Types Seed , Series A , Pre-Seed , Series B , Angel. Thanks to its online application Auxmoney allows anyone to request a loan in 5 minutes, get a rapid reply and obtain the money within 24 hours. Receive the IamExpat Weekly and Special Offers from our Partners. Germany supports entrepreneurs with a number of funding programmes. Grover is a company that allows customers to rent tech products with a monthly fee instead of buying them. Contentful provides a digital content infrastructure to make content accessible via APIs and editable in a CMS-like web app. Though they may not be as famous as well-established German digital corporations, such as Rocket Internet or Zalando, many of these companies are already well-known in Germany and abroad, reaching a large population with their products and services. The sonnenBatterie is not just a battery, it's an intelligent storage system that automatically adjusts the energy usage in your household. There are numerous cities including the capital Berlin, Munich, and others. There are two levels of public loans: The KfW (Kreditanstalt für Wiederaufbau - “Reconstruction Credit Institute”), the federal government’s development bank, has a number of financing options open to entrepreneurs, both German and foreign. Various public sources, on both a national and a regional level, provide equity capital for new businesses in Germany. With a range of products and services for home heating, Thermondo brings integrated solutions to disrupt the heating market. Nevertheless, a few of the leading German startups have already beaten these odds and reached the status of “Unicorn”, that is to say, a valuation of more than a billion dollars. Sonnen. Besides, startups often compete against each other, especially in the hyper-competitive field of financial services and FinTech. It provides logistically optimized relocation services for individuals and companies, together with transports of goods, packing, warehousing, and courier services. Industry: Banking, Financial Services – Total funding: €95.1M. After this, you may be granted an additional 300 euros per month for a maximum of nine months, provided that your business has started to operate full-time. If you continue to use this site we will assume that you are happy with it. It is designed to deliver journeys four times faster than a taxi, yet at a competitive price. 22 Mes EU-Startups Summit. Launched with the idea of prototyping of a new form of aircraft, the company has now revealed its Lilium Jet, a five-seater, fully-electric aircraft that can take-off and land vertically. You will need to submit the following documents: The German federal government (Bundesregierung) has committed to spending around 3% of GDP on funding research and development, meaning that there are numerous programmes providing financial support for these kinds of projects. EU Startup Services is the leading Europe-wide consultancy exclusively supporting Startups in their path to EU funding leveraging our extensive knowledge of Horizon 2020 and our relations with private investors and VCs. The Deutschland is home to several innovative tech startups founded by talented and ambitious entrepreneurs who want to disrupt the market with their concepts. // NEWS// 2020: Let’s Tour digital! Media. 1. Signavio provides cloud-based process modeling and management systems. Blog. Thermondo provides innovative heating solutions to increase efficiency, expand decentralized energy supply and switch to environmentally friendly technology. Welcome to Germany’s Start-up Capital! Funding: $168.5M Sonnen is a German-based pioneer for intelligent lithium based energy storage. Infarm is a company specialized in vertical farms. Discover the events organised by Startup Europe and our partners. Most of these funding programmes consist of public loans, which offer you better conditions with regard to their interest, loan periods and repayment terms. Working for one of the fastest growing European (and German) start-ups myself, I was wondering if you could add Personio – The HR Operating System. September. Required fields are marked *. It provides products from more than 60 brands and designers, with more than 5,000 different glasses, sunglasses, sports eyewear, and contact lenses. Felmo, a Berlin-based pet care startup, recently completed its Series A fundraising round — a significant development for the company, which was only founded in 2019. The Munich based company is one of Europe‘s fastest-growing tech startups. Industry: Analytics, Data Visualization – Total funding: $77.5M. Starting up your Business in Germany at the Heart of Europe. Industry: Travel, Search Engine – Total funding: $296M. 197. What we can do for you. This includes: The amount of funding available is dependent upon the company’s size and location within Germany. Industry: Automotive, Marketplace – Total funding: $1.1B. Infarm helps cities improve safety, quality, and reduce the environmental footprint of food production while increasing their self-sufficiency. Incentives are provided on three different levels: The amount of funding available is dependent on the size of the business, how many companies or institutes are involved, and the kind of research being undertaken. If the employee has disabilities or is above a certain age, the subsidy rises to 70% of their wage for up to eight years. Freeletics. The application turn-around time is usually very quick. Contact Us. events What's on. Personio develops a one-stop HR operating system for SMEs up to 2.000 employees. MOST ACTIVE MARKET Finance. Others are not as famous in the general public, as these startups focus on certain business niches and take charge of problems faced by specific professions. Content. It helps editors and developers collaborate better and reduce digital development and delivery time to quickly bring new experiences to customers and digital products to market. Omio is a European travel search platform. N26 caters to customers in the European Union directly or through its subsidiaries, thanks to a convenient mobile application. Industry: Business Development, SaaS – Total funding: $229.6M. Workshops held . that are becoming home to some really innovative and successful tech startups. Startup financing with government funding. 0. But a deal last week — $100 million in funding for vertical farming group infarm — brought Germany’s agtech industry into focus. It is also engaged in strategic partnerships with public transportation and other mobility providers. Startup Funding Event Global brings inspiring startups and world-class founders on 1 stage to Win our Innovation Funding Award with 42,000€ worth of marketing materials. Germany is one of Europe’s leading startup powerhouses, attracting $5.4bn in venture capital funding in 2020, more than double four years ago. Public guarantees can cover up to 80% of the loan amount, usually up to 1,25 million euros, over a period of fifteen years. 2. Salary Atlas 2021 reveals the highest paid jobs in Germany. All expats need to know about taxation & the tax system in Germany, responsible tax authorities, ELSTER & asking tax advisors for help with German taxes. Updated: January 28, 2021. We didn’t find your company before our initial screening. Industry: Accounting, Apps – Total funding: $45M. It provides businesses control over their online presence and reputation, ensuring seamless integration and consistency with their physical locations around the web. Coya provides a new way of managing insurance policies centered on the customers. Thanks for the overview! * See a GRW regional aid map outlining border, C and D regions, valid until 2020. Konux provides IoT solutions for the industry, combining smart sensor and AI-based data analytics to deliver better management of industrial assets and maintenance. Auxmoney is a financial services company operating an online peer-to-peer loan marketplace. In terms of the city’s share of the national population, more people in Berlin set themselves up in business than in any other federal state. Here is a selection of articles, news and features you may also like. Solutions provides an open Banking platform allowing banks to offer loans to.! Or machinery ) in the first six months, you will need a.... $ 77M promote research, innovation and investment assets and maintenance insurance policies centered on the cheapest or travel... Top well-funded startups in 2017 attracted $ 3.5 billion in disclosed venture rounds, a 51 percent from. Outstanding amount borrowed a look at our list of German tax consultants, startup funding germany and accountants for expats 12. Entrepreneurs who want to disrupt the heating market useful product, Marketing – funding! 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