{"id":103110,"date":"2024-07-17T08:30:00","date_gmt":"2024-07-17T06:30:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=103110"},"modified":"2024-07-16T14:57:11","modified_gmt":"2024-07-16T12:57:11","slug":"no-spring-feelings-in-the-munich-startup-scene","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/103110\/no-spring-feelings-in-the-munich-startup-scene\/","title":{"rendered":"No spring fever in the Munich startup scene"},"content":{"rendered":"
\n

All following data on the Munich startup scene comes \u2013 unless otherwise stated \u2013 from our Data & Insights Dashboard<\/a>If you want to learn more, you can also search the database yourself for further insights.<\/em><\/p>\n\n\n\n

The downward trend in financing rounds in Munich's startup scene continued in the second quarter of 2024. Between April and June, only \u20ac256 million was available for young companies in the state capital. This puts the total financing amount significantly below the level of both the first quarter of 2024 (\u20ac354 million) and the same quarter of the previous year (\u20ac417 million). Indeed, the last quarter was this weak due to the COVID-19 pandemic. For all periods considered, no figures were announced for some financing rounds, which is why the final amounts are even higher.<\/p>\n\n\n\n

There were no mega-investments exceeding \u20ac100 million in the second quarter, whereas two investment rounds, Tubulis (\u20ac128 million) and Finn (\u20ac100 million), exceeded this mark in the first quarter. In the same quarter last year, there was at least one round that managed to break the \u20ac100 million mark \u2013 the \u20ac150 million investment in Jolt. The highest amounts in the now-concluded quarter were secured by Isar Aerospace with \u20ac65 million, Smart Reporting with \u20ac23 million, and Proxima Fusion with \u20ac20 million.We have summarized the most important financing transactions of the past quarter here.<\/a>)<\/p>\n\n\n\n

More investment rounds again<\/h2>\n\n\n\n

Despite the continued decline in total financing volume, the number of completed investment rounds increased again in the second quarter. A total of 37 financings were completed from April to June, six more than in the winter. However, this figure remains significantly lower than in the same quarter of the previous year, with 51 successful investments. The average investment volume in the spring was \u20ac6.9 million. In the first quarter, this figure (excluding mega-investments) was \u20ac4.4 million. Q2 2024 also performed better compared to the same quarter of the previous year: Back then, the average investment volume (excluding mega-investments) was \u20ac5.3 million.<\/p>\n\n\n\n

US investors were more cautious than ever in the spring. The share of American funds in financing rounds for Munich startups in the second quarter of this year was 10.7 percent (\u20ac26.5 million). In the same quarter last year, it was 10.8 percent (\u20ac38.1 million). However, the majority of the financing amounts from April to June came from investors in Germany (52.3 percent, \u20ac134 million). European investors were also cautious this quarter, contributing only \u20ac49.2 million (19.2 percent). What was unusual about this period: money from Asia, which usually plays a minor role in the Munich ecosystem, accounted for a larger share than the funds from the USA this time, at \u20ac30.6 million (12 percent).<\/p>\n\n\n\n

Acquisitions, bankruptcies and new funds in the Munich startup scene<\/h2>\n\n\n\n

There were no IPOs of Munich startups in the second quarter, but seven young companies found new owners. Among them was the medtech InformMe<\/a> Part of Medavis, Adnymics<\/a> was acquired by Linehub, the venture building unit Mantro Product Studio<\/a> went to the Creative Dock Group and Flyeralarm absorbed Inai<\/a> In addition, the insolvent Samdock managed to find a buyer who could take over the technology, brand, customers, and part of the team. Three new insolvency proceedings were also opened, and five other Munich startups were declared provisional insolvency. (We have summarized more about the bankruptcies of the quarter here.<\/a>)<\/p>\n\n\n\n

Finally, a look at the fund landscape: between April and June, four Munich-based VCs were able to announce closings. Vsquared Ventures<\/a> For example, Vsquared Ventures Fund II closed with a volume of \u20ac214 million, down from the original \u20ac165 million plan. Bregal Unternehmerkapital closed its Fund IV with \u20ac2.65 billion, Maxburg Capital Partners secured \u20ac450 million for Maxburg Fund IV, and Munich-based VC Armira's Armira Growth Fund I secured \u20ac200 million.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

In the second quarter of 2024, the number of investment rounds and the average investment amount increased slightly again \u2013 but the Munich startup ecosystem failed to make any major leaps forward. How did the spring develop for the scene? We take a look at the figures in our quarterly review.<\/p>","protected":false},"author":33,"featured_media":103126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5634,1,5635],"tags":[3961,549,783,36,1782],"acf":[],"yoast_head":"\nKeine Fr\u00fchlingsgef\u00fchle in der M\u00fcnchner Startup-Szene - Munich Startup<\/title>\n<meta name=\"description\" content=\"Auch im Fr\u00fchjahr 2024 machte die M\u00fcnchner Startup-Szene keine gro\u00dfen Spr\u00fcnge. Wir blicken in unserem Quartalsr\u00fcckblick auf die Zahlen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/103110\/no-spring-feelings-in-the-munich-startup-scene\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keine Fr\u00fchlingsgef\u00fchle in der M\u00fcnchner Startup-Szene - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Auch im Fr\u00fchjahr 2024 machte die M\u00fcnchner Startup-Szene keine gro\u00dfen Spr\u00fcnge. 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