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EY Startup-Barometer Deutschland 2025 (EY Swiss Fintech / Banking Barometer)

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ReportEY Swiss Fintech / Banking BarometerJanuary 202526 pages39 min readOriginal source
Largest segment
2,208 million €
Largest sector by funding volume p.10
What changed
+17%
Total startup funding change vs 2023 p.4

Summary

  • In 2024, venture capital investment volume in German startups increased by €1 billion (+17%) to over €7 billion across 755 deals.p.4
  • Monthly funding fluctuated in 2024, reaching a high of over €1.3 billion in July and a low of €143 million in August.p.5
  • Helsing raised the largest single financing round of 2024 in Germany, securing €450 million in July.p.12
  • Berlin startups dominated the FinTech/InsurTech sector, capturing €463 million or 89% of the sector's total funding in 2024.p.25

Key insights

  1. The total volume of venture capital invested in German startups rose by 17% in 2024 to reach more than €7 billion despite a 12% decline in deal count.p.4
  2. Funding volume in the second half of 2024 rose for the second consecutive half-year period, reaching over €3.6 billion.p.6
  3. Berlin registered the highest number of deals among German federal states in 2024 with 256 completed financing rounds.p.7
  4. Bavaria raised more venture capital than Berlin in 2024 for the first time in the survey's history, attracting over €2.3 billion.p.8
  5. Health startups in Germany secured €958 million in 2024, more than doubling their total from the previous year.p.10
  6. Five of the top ten financing rounds in Germany in 2024 went to Bavarian startups, while no Berlin startup made the top ten.p.12
  7. Software as a Service (SaaS) accounted for 51% of all funding in the Software & Analytics sector with €1,137 million raised across 162 deals.p.14
  8. Bavarian companies absorbed 73% of all venture capital allocated to the Mobility sector, totaling €419 million.p.23

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