Berlin Tech Ecosystem Report 2025 (Berlin Partner / Dealroom)

Summary

• Berlin VC-backed startups reached a combined enterprise value of €169B, representing 43% of Germany's national ecosystem value.p.3
• Berlin startups have raised €4.9B in VC funding since 2024 across more than 990 VC rounds, ranking 4th in Europe for VC investment and 2nd for total rounds.p.3
• The ecosystem hosts over 1.6K VC-backed companies and has produced 57 unicorns and/or thoroughbreds.p.3
• Berlin seed startups show high graduation rates, with 37% advancing to Series A and 20% reaching Series B.p.8
• Startups, scaleups, and grownups in Berlin have created 94K local jobs, with 38% generated by mid-sized companies employing 51-500 people.p.15
• Climate tech is a major focus area, with 340+ startups raising €814M in VC investment since 2024 and reaching a combined enterprise value of €15B.p.26

Key insights

1. Berlin represents 43% of Germany's total startup ecosystem value with a combined enterprise value of €169B.p.3
2. Startups launched in Berlin since 2015 account for €80B or 47% of the city's total enterprise value.p.5
3. Former employees of Zalando, Delivery Hero, and N26 have launched over 133 VC-backed startups.p.14
4. Berlin startups have created 94K local jobs across various company sizes in Germany and Berlin.p.15
5. Berlin ranks 4th in Europe for VC investment in climate tech since 2024, raising €814M across 340+ startups.p.26
6. Berlin's Govtech sector comprises 40+ VC-backed startups representing €500M in combined enterprise value.p.32
7. Berlin ranks as the 4th largest European AI talent pool with 9k professionals and 3rd for Frontier AI researchers.p.35
8. Defense, Security, and Resilience startups in Berlin reached a combined enterprise value of €3B, up 11x since 2020.p.37