The current study According to 'Venture Pulse' by management consultancy KPMG, $62.9 billion in venture capital was invested worldwide in the second quarter of 2020. This sum corresponds almost exactly to the venture capital market volume of $63.8 billion in the first quarter.
European startups were even able to slightly increase the amount of venture capital raised compared to the previous quarter, to $10.1 billion. Of this, $1.79 billion went to German startups. $275 million Series D financing The Munich-based air taxi startup Lilium took third place in the largest financing rounds of the past quarter. Stefan Kimmel, Partner at KPMG, predicts for the coming months:
"VC investors are expected to focus heavily on their own portfolio companies in the next quarter. While early-stage companies will likely continue to face challenges raising funding, companies responding to accelerating trends—such as remote working, e-commerce, or healthcare and biotechnology—may see an increase in investment interest."
Digitalization through Corona will drive the venture capital market
The management consultants also expect positive side effects from the Corona crisis. While the pandemic has caused considerable damage to the economy, Tim Dümichen, Partner at KPMG, but it also acted as a catalyst for change:
"In Germany, many companies and consumers have been hesitant to embrace digitalization in the past. This has changed significantly in recent months. These changes will have long-term effects and are likely to drive new innovations and new venture capital investments."
