On average, these startups need to raise €3.3 million – slightly less than a year ago, when the average capital requirement was €4 million. These are the results of a survey of around 150 tech startups commissioned by BitkomOnly 4 percent of startups do not require capital in the next 24 months, and 17 percent cannot yet comment on this. Of those startups that do require capital, 15 percent have already secured financing, while 84 percent are still looking for fresh capital.
Good chances of financing despite difficult conditions
"Startup financing isn't getting any easier given the economic environment, including the war in Ukraine, rising inflation, and stock market turmoil. At the same time, the importance of digital technologies and solutions has increased significantly in recent months, so founders with truly innovative ideas and solutions have a very good chance of continuing to find financing,"
says Bitkom-President Achim Berg.
The vast majority of startups in need of capital share this optimism: 38 percent consider it very likely that they will find the necessary funds, and 48 percent consider it somewhat likely. At the same time, only around a third (38 percent) of startups believe that there is sufficient venture capital in Germany.
For capital abroad
Likewise, around a third (33 percent) are considering taking their own startup abroad because there is too little capital in Germany. 31 percent complain that they would rather Venture Debt would use, but the offer in Germany is not attractive enough.
Achim Berg says:
"If we want to keep innovative companies in Germany, we must focus even more on activating new investor groups, such as institutional investors. Development-intensive tech startups, in particular, need internationally competitive access to venture capital."
The stock market as a possible financing option is also an interesting prospect for a narrow majority of startups. 57 percent state that they can imagine taking their startup public in the future.
