Germany is among the key tech markets globally. It ranks fifth among the top countries in the number of tech exits in 2015 and has sprouted dozens of prominent startups and attracted global investors, as seen in our recent Periodic Table of Tech In Germany.
It’s also home to Rocket Internet, the publicly-traded, globally active holding company founded by the Samwer brothers.
We used CB Insights data to highlight 11 early-stage German tech companies to keep an eye on. These are companies that have all raised funding in April 2015 or later, but have not yet raised a Series B round. To select them we used our Mosaic algorithm, which tracks the health of private companies (Mosaic has three components, which gauge a company’s health in terms of financing, industry category, and overall momentum).
Among the startups on our list is relayr, an IoT-focused software startup that has raised roughly $13.5M to date, making it the most well-funded company on our list.
Two of our companies — Medigo and Clue — are digital health startups that have both raised in the last 6 months. Other startups on the list include Berlin-based Number26, which has built a digital bank for consumers. Check out the 11 German startups below.
|Company||Total Disclosed Funding ($M)||Description||Select Investors|
|relayr||$ 13.5||IoT software||Kleiner Perkins Caufield & Byers and Munich Venture Partners|
|Nestpick||$ 13.0||Real estate tech||Rocket Internet and Target Global|
|Number26||$ 12.6||Payments||Earlybird Venture Capital and Redalpine Venture Partners|
|Springlane||$ 12.5||e-commerce for home goods||Holtzbrinck Ventures and Tengelmann Ventures|
|Medigo||$ 9.7||Digital health||Accel Partners and CL Ventures|
|Clue||$ 9.7||Digital health||Mosaic Ventures and Union Square Ventures|
||$ 6.7||Travel tech||Creandum, BFB Fruhphasenfonds Brandenburg, HR Ventures, and Northzone Ventures|
|data Artisans||$ 6.3||Data-processing software||b-to-v, Intel Capital, and Tengelmann Ventures|
|FinanceFox||$ 5.5||Insurance tech||AngelList, IDInvest Partners, Salesforce Ventures, Seedcamp, and SpeedInvest|
|SuitePad||$ 3.3||CRM/hotel management||HW Capital, Kizoo Technology Ventures, Target Partners, and VC Fonds Technologie|
|ChartMogul||$ 1.5||Analytics software||Michael Hansen, Point Nine Capital, RTAventures, and Tom James|
Want more information on German tech companies? Check out our venture capital database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity