{"id":62242,"date":"2020-07-13T13:04:00","date_gmt":"2020-07-13T11:04:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=62242"},"modified":"2020-07-13T11:55:49","modified_gmt":"2020-07-13T09:55:49","slug":"despite-the-corona-effect-bavarian-startups-raise-almost-four-times-as-much-capital","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/62242\/despite-the-corona-effect-bavarian-startups-raise-almost-four-times-as-much-capital\/","title":{"rendered":"Despite the 'corona effect': Bavarian startups raise almost four times as much capital"},"content":{"rendered":"
\n

The number of financing rounds for German startups grew by 8 percent in the first half of 2020 compared to the same period last year, from 332 to 360. At the same time, however, significantly less money flowed: In the first six months of 2019, German startups secured 2.813 billion euros, but this year only 2.202 billion euros.<\/p>\n\n\n\n

The coronavirus crisis hit the VC market in Berlin particularly hard: Investments nearly halved from \u20ac2.141 billion in the same period last year to \u20ac1.135 billion. Similar developments, albeit at a much lower level, were also seen in North Rhine-Westphalia (decline from \u20ac133 million to \u20ac60 million) and Hamburg (decline from \u20ac81 million to \u20ac26 million).<\/p>\n\n\n\n

The VC market in Bavaria, however, has developed quite differently so far this year: After \u20ac204 million in the first half of last year, Bavarian startups have raised \u20ac773 million so far this year. Berlin's lead has thus shrunk from just under \u20ac2 billion last year to just \u20ac362 million. The largest investment so far this year went to a Munich-based startup: 218 million euros<\/a> The air taxi startup Lilium secured funding in March. In June, the funding was then increased to almost 250 million euros<\/a> expanded.<\/p>\n\n\n\n

\u201cMunich is emerging as the second major startup location,\u201d<\/p><\/blockquote>\n\n\n\n

says Thomas Pr\u00fcver<\/strong>, Partner at EY. <\/p>\n\n\n\n

"The profile of Munich's startup ecosystem differs from that of the federal capital: Bavaria is particularly strong in the technology sector. This makes the two top German locations complement each other perfectly."<\/p><\/blockquote>\n\n\n\n

\u201cCorona effect less massive than initially feared\u201d<\/h2>\n\n\n\n

Pr\u00fcver sees the slump in VC investments as an effect of the Corona crisis: <\/p>\n\n\n\n

"The most obvious development is the sharp decline in very large deals: The number of transactions with a volume of more than 100 million euros fell from seven to two compared to the same period last year. At the same time, however, there were more small transactions. This means that the corona effect is less severe than initially feared."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

According to a study by EY, significantly less money flowed to German startups in the first half of 2020. Bavarian startups defied the 'coronavirus effect' and were able to nearly quadruple their investment volume. Young companies from the Free State of Bavaria are thus gaining significant ground compared to Berlin.<\/p>","protected":false},"author":26,"featured_media":32586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,5634,1],"tags":[52,157],"acf":[],"yoast_head":"\nTrotz 'Corona-Effekt': Bayerische Startups vervierfachen VC-Investments<\/title>\n<meta name=\"description\" content=\"Im ersten Halbjahr 2020 floss deutlich weniger Geld an deutsche Startups. Bayerische Startups trotzen dem 'Corona-Effekt' und vervierfachen ihre Investments\" \/>\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\/62242\/despite-the-corona-effect-bavarian-startups-raise-almost-four-times-as-much-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trotz 'Corona-Effekt': Bayerische Startups vervierfachen VC-Investments\" \/>\n<meta property=\"og:description\" content=\"Im ersten Halbjahr 2020 floss deutlich weniger Geld an deutsche Startups. 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