{"id":86315,"date":"2022-10-10T09:13:00","date_gmt":"2022-10-10T07:13:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=86315"},"modified":"2022-10-10T08:29:26","modified_gmt":"2022-10-10T06:29:26","slug":"summer-munich-startup-scene","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/86315\/summer-munich-startup-scene\/","title":{"rendered":"Summer in Review: Less Money for Munich Startups"},"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 months of July to September saw a slight decline in investment activity in Munich-based startups. While \u20ac743 million was raised in 45 financing rounds in the second quarter, Q3 saw only 30 investments. The total volume was \u20ac633 million. In the same quarter of the previous year, it was \u20ac584 million in 36 financing rounds. Of course, 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

The lion\u2019s share of this capital went to Celonis<\/a>In the extension of its Series D financing round, the company raised an additional \u20ac408 million ($400 million) in venture capital. In addition, the Munich-based decacorn secured a \u20ac612 million ($600 million) credit line, which we are not including here. <\/p>\n\n\n\n

However, there was no further financing round above 100 million euros in the third quarter. (We have summarized the most important financing transactions of the past quarter here.<\/a>) In Q2, three startups, Personio (190 million euros), Kinexon (122.5 million euros) and Finn (103 million euros), were able to celebrate such large rounds.<\/p>\n\n\n\n

Collapse in average investment volume<\/h2>\n\n\n\n

The average investment volume per financing round rose from approximately \u20ac16.5 million in Q2 to \u20ac21.1 million. However, excluding large rounds of over \u20ac100 million, the summer of 2022 still amounts to \u20ac7.8 million per financing round. In Q2, however, excluding the mega rounds, the figure was \u20ac10.2 million. In the same quarter of the previous year, the average volume of financing rounds was \u20ac15.2 million, and excluding investments of over \u20ac100 million, it was \u20ac5.9 million.<\/p>\n\n\n\n

The summer of 2022 was thus weaker for Munich startups than the spring. And even compared to the same quarter of the previous year, the past three months only performed better in terms of the total amount of investments. This development is consistent with the observations of KfW. The development bank only stated recently<\/a>that lenders are acting more cautiously, but that there are still \u201cplenty of free funds\u201d in the market.<\/p>\n\n\n\n

As usual, the majority of the funds invested in the third quarter came from investors in the US (\u20ac355 million, 56 percent). Another 19 percent (\u20ac120 million) came from investors in Germany, and \u20ac99.4 million (16 percent) came from other European countries. Funding from Asia (\u20ac33.9 million, 5 percent) played only a minor role this quarter.<\/p>\n\n\n\n

Exits and fresh funds for the Munich startup scene<\/h2>\n\n\n\n

In summer 2022, the Munich startup scene saw a total of eight exits. This puts the past three months just behind the same quarter of the previous year and Q2 2022, which both saw nine exits. The supply chain startup Riskmethods<\/a> was acquired by Sphera and Vcoach<\/a> went to the Dutch company Lepaya. In addition, Julep<\/a> and Qbound<\/a> announced their takeovers.<\/p>\n\n\n\n

There were three new additions to the fund landscape from July to September. AM Ventures closed its first fund at \u20ac100 million, Pinova Capital closed its Fund 3 at \u20ac250 million, and Deutsche Private Equity's Continuation Fund closed at \u20ac708 million.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

It had long been predicted that it would become more difficult for startups to raise funding. This summer, the changed situation also became noticeable in Munich's startup scene. We take a look at the figures in our quarterly review.<\/p>","protected":false},"author":33,"featured_media":86316,"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":"\nDer Sommer im R\u00fcckblick: Weniger Geld f\u00fcr M\u00fcnchner Startups<\/title>\n<meta name=\"description\" content=\"Wie war der Sommer 2022 f\u00fcr die M\u00fcnchner Startup-Szene? 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