Start-ups
Big VC Deals Back for German Start-Ups
A quartet of young German companies have secured nine-figure financing rounds. Here’s our bimonthly round-up of some of the largest venture-capital deals in Germany.
Jun 22, 2023
Enpal, Berlin, solar energy, EUR 430 million.
The photovoltaic unicorn from the German capital, which rents and sells solar units, was the biggest winner of the past months. Enpal added a haul of well over EUR 400 million on top of EUR 855 million it secured in late 2022.
ITM, Munich area, biotech, EUR 255 million.
Over a quarter of a billion euros – that was the result of the latest funding round for this up-and-comer from Germany’s south. ITM says it will use the windfall to further develop its broad oncology pipeline for targeted radionuclide therapies (RTR).
Getyourguide, Berlin, travel, USD 200 million.
Travel and tourism are back after the Covid pandemic, and this rising star is continuing where it left off with another impressive round. The fresh funds takes the value of Getyourguide to around USD two billion.
Patient21, Berlin, healthtech, EUR 100 million.
The final member of Germany’s nine-figure club is Patient21, purchases, centralizes and digitalizes medical practices. The company said it enjoyed 300 percent growth between 2020 and 2022.
