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The most important investments of the third quarter of 2023

Helsing, Egym, Lilium – numerous startups from Munich and the surrounding area have successfully raised funding in the past three months. This photo gallery provides an overview of the largest investments of the third quarter.

October 2, 2023 4 min reading time

Lilium
Lilium raises another 171 million euros: The current financing for Lilium is divided into several phases. Back in May, Tencent pledged a cash injection of €89 million ($100 million). The tech giant also pledged to invest a further €67 million ($75 million) if Lilium succeeded in raising the same amount from other investors. The flying taxi company has now apparently succeeded. Lilium announced that it has raised €67 million ($75 million) through the placement of additional shares. In addition, Earlybird Venture Capital, BIT Capital, UVC Partners, Frank Thelen, and several board members and senior executives invested an additional €37 million ($42 million). Tencent then released the additional €67 million tranche, as agreed in May. This investment As with the previous financing, it will be handled through the Tencent subsidiary Aceville. (Image: Lilium)
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