Munich-based startups really cleaned up their investments in 2019: Our estimates put the total at at least €1.4 billion. A few startups contributed to this with very large financing rounds. An overview of the past few months.
Anyone who wants to get an overview of Financing rounds for Munich startups It seems like every week a startup announces a major capital injection. Therefore, we provide an overview of the largest startup investments in the Munich region last year.
Munich unicorns Flixmobility and Celonis increase their financing
To estimate the total number of startup investments, we only added together the financings we've reported on here on Munich Startup. Especially with seed financing, however, we often only have approximate estimates. However, we do know some reliable figures. Here are the financing highlights and the largest investments in Munich startups in 2019:
The Munich-based unicorn Flixmobility secured a financing round of over half a billion euros in July. In September, the mobility startup announced a Expansion of financing. This enabled Flixmobility, the parent company of Flixbus and Flixtrain, securing a quarter of all venture capital invested in German startups in 2019 with 507 million euros (as of October 2019, according to a study by EYFlixmobility will use the money to expand its bus network globally and to launch the car-sharing service “Flixcar.”
A second Munich unicorn, namely Celonis, announced in mid-November, around 260 million euros in growth capital The Munich-based process mining company is now valued at €2.3 billion with this Series C financing. The data specialists intend to invest the capital in sales and technical development. In mid-2018, the Munich-based company had already raised €50 million in the financing round. became a unicorn.
Investments in Munich startups: Fintechs in particular announce strong financing rounds
The Fintech startup Scalable CapitalIn August, the Munich-based robo-advisor company received an investment totaling 25 million euros and thus increased the total financing to more than 66 million euros. Investors and shareholders are Blackrock, Holtzbrinck Ventures, and Tengelmann Ventures.
The insurance startup Ottonova also raised fresh capital. 60 million euros invested the existing investors Debeka, Vorwerk Ventures and Btov. Also involved is the very active Munich-based investor Holtzbrinck VenturesOttonova aims to attract new customers and is increasing its marketing efforts accordingly. Additional funding is expected to follow in the first half of 2020, according to the digital health insurer.
The Fintech Pricefx started the year well with the announcement of its €25 million Series B round in January. At the end of the year, Pricefx will receive €23 million in the round extension. entire financing round This grows to 48 million euros. The startup, founded in 2011, helps companies with pricing.
Three times there are 36.2 million euros for these Munich startups
Another fintech was able to convince investors: With 40 million US dollars — the equivalent of 36.2 million euros — IDnow secure a larger financing round through a New York investorThe Munich-based fintech checks and verifies the identity of users online when concluding contracts. With the financial injection, the Video Ident startup now expand its product range and gain additional market share in Europe.
Proglove raised the same amount — best known for its glove scanner — The startup plans to expand internationally and has 36.2 million euros The wearable startup has received growth capital from US investor Summit Partners. Part of the funding will also be used to research how human workers can be better connected to the Industrial Internet of Things (IoT).
And still a third startup raised $40 million — and twice. Personio increased its capital to further grow, expand into additional European markets, and optimize its product. Investors in the Series B round include tech investor Index Ventures, Northzone, and Global Founders Capital. Personio had already completed financing of the same amount in January 2019.
More than 40 million go to Holidu, Freeletics and Cluno
The Travel startup Holidu received 40 million euros in its Series C financing round. In addition to the Dutch venture capital firm Prime Ventures and existing investors such as EQT Ventures, Venture Stars and Senovo Among others, the growth fund CoparionHolidu intends to use this to further develop its products—the booking and price comparison platform for holiday accommodations as well as a new rental software.
The fittech startup Freeletics raised even more capital in its Series A financing round, namely $45 million. The Munich-based company plans to use the more than €40.6 million to accelerate its international growth, particularly in the US. You can find a current interview with the Freeletics CEO Read Daniel Sobhani.
And also that Munich mobility startup Cluno reportedly increased its asset-backed financing to more than 140 million euros in September — In the autumn, 80 million euros of debt capital were added.
What's next? There are still three weeks left in 2019. Plenty of time to announce one or two financing rounds...
