Innovative founders and companies in Bavaria are finding an extremely active capital market, especially through business angels! Since October 2014, the Bavarian Business Angel and Financing Network has recorded the highest amount in years for supported financing in the seed phase and for initial growth steps.
Bavaria's Minister of Economic Affairs Ilse Aigner said:
"I want Bavaria to become the first choice for startups. To achieve this, we need not only an active startup scene but, above all, financing options. The outstanding development of BayStartUP's financing network shows that we are on the right track with our diverse measures."
A total of 49 technology startups were able to secure their financing in the past 12 months with support from the BayStartUP financing network. 37.8 million euros in seed and growth capital flowed into the young companies (previous year: €25 million). Of these, 35 startups took advantage of the intensive support provided by the BayStartUP team and direct referrals to investors listed in the financing network, who invested €23.7 million (previous year: €17.4 million). Another 14 startups were able to raise an additional €14.2 million at events and through visibility in business plan competitions (previous year: €7.6 million).
Business angels and family offices, which invest their private capital and actively support the startup, are playing an increasingly important role in the capital market for young companies: In 2015, BayStartUP alone brokered 9 million euros of private capital directly (previous year: EUR 4.8 million). In addition, business angels often make the completion of a financing round possible, either as lead investors – e.g., in cooperation with public investors Bayern Kapital, High-Tech Gründerfonds, and KfW – or through their professional expertise in supporting the often very young founding teams.
More about the BayStartUP offers for startups and investors
