Start-ups
AI Leads the Way in German VC Deals
Our bimonthly look at some of the biggest financing rounds for start-ups in Germany has a decidedly digital focus, starting with artificial intelligence in surgery.
Aug 21, 2024
Caresyntax, AI in medicine, Berlin, USD 180 million
More than a dozen venture capital funds got involved in a successful Series C round for this innovative young company from the German capital. Caresyntax develops AI-based platforms that increase the effectiveness of surgical operations.
Osapiens, software, Mannheim, EUR 110 million
Goldman Sachs led the investors in this start-up from the western German city of Mannheim. Osapiens specializes in software that helps companies conform to ESG regulations, for instance, by calculating carbon footprints. It says it already has more than 1300 customers in 60 countries.
SciRhom, biopharma, Munich, EUR 63 million
This fledgling firm from the Bavarian capital enjoyed a robust Series A financing round. Founded in 2016, SciRhom is working on novel therapies for auto-immune conditions that block diseases’ signal paths and promise better safety and effectiveness than conventional treatments.
Planqc, quantum computing, Munich, EUR 50 million
Munich also booked another big Series A infusion of funds with the computing start-up Planqc. Among the investors was the state-run DeepTech&Climate Fund. The company concentrates on the expansion of cloud computing services and specialized software for sectors like chemicals, pharma and automotive.
Topi, fintech, Berlin, up to EUR 50 million
Australian investment bank Macquarie is stumping up a healthy ten-figure sum for this young company in the German capital. Topi offers a hardware-as-a-service platform for providers to rent out their products. The firm intends to use the cash influx to continue expanding in Germany and Austria.
