VROOM CARAVAN GERMANY 2018
A recognized start-up hub in Europe
Germany has long been acknowledged as a start-up hub all over the world. With its new business models, good funding and infrastructure, many international start-up entrepreneurs find that general conditions for start-ups are indeed excellent in Germany. This is evident in the fact that almost 10% of start-up founders and 22% of their employees come from abroad. In addition to start-ups for financial and insurance services, latest trends include new companies focusing on real estate (PropTech), green technologies (GreenTech), automotive and nutrition.
The thriving numerous accelerators and incubators in Germany are often part of the programs financed by major corporations aiming to help start-ups in their early stages. This is a clear indication of how classic industry is increasingly looking to join forces with start-ups in the digital economy.
Berlin: start-up capital’s appeal growing
Last year was significant for German start-ups with respect to the annual investment records in newly-launched companies. The total funding reaches €4.3bn in 2017. To be more precise, Berlin-based start-ups drive the biggest part of the investors interest. 70% of the funding were found in the German capital city that makes it Europe’s most prolific start-up scenes.
There are a number of start-ups to watch that are Berlin-based, among these are Delivery Hero, which specializes in takeaway and food services with $800m investment last year, HelloFresh which is the leading global provider of fresh food at home and Smacc, a provider of intelligent, AI-powered financial management solutions, which use machine learning technology to help SMEs master their everyday financial tasks.