Last year, over 62 million euros flowed through the Investor network Baystartup's investments in young companies. The focus was on early-stage investments.
€42.7 million of the invested capital came from venture capital firms, public investors, and strategic investors. Private investors contributed €20 million and are involved in three-quarters of the deals. The investor network includes approximately 300 private and over 100 institutional investors. In the 2018 fiscal year, the investor network acquired approximately 40 new business angels.
Successfully funded startups include companies such as Inveox, All3dp, Hofmann & Stirner and Let's YallaThe focus of the deals brokered by Baystartup is on the early stage: 44 of the funded teams (88 percent) are less than three years old. 26 percent of the financing rounds are in the pre-seed phase, 52 percent in the seed phase, and 22 percent in the Series A phase. Business angels were involved in 74 percent of the deals.
“This shows that business angels are an integral part of early-stage financing and that the importance of angel capital has continued to grow over the years,”
says Carsten Rudolph, Managing Director of Baystartup.
Aiwanger: “We will continue to maintain our activities in the startup sector at a high level in the future.”
Overall, the financing rounds ranged between €50,000 and €6,000,000. The largest investment by a business angel was just under €2 million.
“The topic is attracting increasing interest, particularly among German SMEs,”
said Rudolph. The network is supported by the Bavarian Ministry of Economic Affairs.
"We will continue to maintain a high level of our activities in the startup sector in the future. Programs supported by the Bavarian Ministry of Economic Affairs, such as those offered by Baystartup, make a significant contribution to ensuring that young, innovative companies, especially in the Bavarian regions, have access to capital and expert knowledge,"
says Bavaria's Minister of Economic Affairs Hubert Aiwanger.
“This is an important prerequisite for them to be able to successfully establish their business models on the market.”
The companies supported by Baystartup currently employ over 13,100 people and generated sales of almost 1.4 billion euros in 2017. Successful Munich-based companies such as Flixbus, Egym, Magazine, and Voxeljet were supported by Baystartup.
