Compared to the previous year, investments have almost tripled from $41 billion to $121 billion, according to the study. The number of financing rounds rose from 64 to 152. The increase was particularly significant in investments of more than €250 million: In 2020, there were 11 financing rounds of this size. In 2021, however, there were 57. $1 billion round in June 2021 Celonis has completed the largest financing round of any Munich-based startup and the fourth-largest in Europe. With $2.75 billion, Northvolt from Sweden secured the largest single financing round.
Munich ranks sixth among startup hubs in Europe
$26.9 billion will flow into startups in the United Kingdom this year. German companies secured the second-highest sum at $12.4 billion, followed by France with $8.5 billion and Sweden with $7.1 billion.
In a comparison of startup hubs, Munich ranks sixth in Europe with $2.95 billion in invested capital. London ranks first with $18.37 billion, followed by Berlin with $7.11 billion and Paris with $6.53 billion.
The report 'State of European Tech' was published by VC investor Atomico. The data comes from data analyst Dealroom, which also provides all information for the Munich Startup Insights dashboard The full report is available online.
