News & Analysis

driven by the PitchBook Platform

The 10 most active German VCs

German VC investing has boomed over the last five years, driven higher by plentiful capital, low interest rates, an improved regulatory framework and government support for startups and founders.

Berlin, overlooking the Spree River (Getty Images)

German VC investing has boomed over the last five years, driven by plentiful capital, low interest rates, an improved regulatory framework and government support.

In March 2021, the government launched the €10 billion (about $10.6 billion) Future Fund and committed up to €1 billion more capital to the Deep Tech Future Fund. In November, the finance ministry said it would allocate billions more to back venture investing in Germany.

Partly as a result of these factors, networks of founders and investors are spreading and providing the informal support for entrepreneurs that often plays a key role in creating and sustaining a vibrant startup culture.

Germany has seen an increasing number of VC deals each year since 2017, hitting a peak of 1,085 in 2021. Deal value has matched the rise, climbing from €3.2 billion in 2017 to €16.6 billion last year. The current year is off to a fast start, with German VC funds completing 175 deals totaling €2.9 billion as of mid-March, according to PitchBook data.

Trends in the German VC ecosystem, and Europe as a whole, remain positive even as markets have fallen—slowing the pace of exits—and as the war in Ukraine and the rise in inflation have damaged sentiment in some sectors, PitchBook’s Q1 2022 European Venture Report found.

Here are the 10 most active VCs from Germany by deal count since the start of 2017.

 

  • leah-hodgson-photo.jpg
    Written by Leah Hodgson
    Leah Hodgson is a London-based senior reporter for PitchBook covering venture capital across Europe and the Middle East. Leah graduated from the University of Surrey with a BA in international politics with French. She has previously been a radio reporter in France. She later turned to financial journalism, covering the wealth management industry. She joined PitchBook in 2018.
  • fuduuh3o-400x400.jpg
    Written by Jordan Rubio
    Jordan Rubio is a Seattle-based data visualizations editor at PitchBook. He previously worked at the Houston Chronicle as a data journalist and at the Victoria Advocate as a digital editor. A native of Jacksonville, Fla., Rubio graduated from TCU.
Join the more than 1.5 million industry professionals who get our daily newsletter!