Start-ups
Top VC Deal Worth EUR 1.4 Billion
A Berlin solar energy start-up leads the way with a massive funding round in our latest survey of some of the biggest venture capital deals in Germany.
Oct 25, 2024
Enpal, Berlin, renewable energy, EUR 1.4 billion
One of the most successful start-ups in Germany, Enpal is now worth more than EUR 5 billion after a massive cash influx from investors like BlackRock, ING, Citi and Barclays. The company helps private households switch to solar electricity at affordable prices with leasing agreements and credit.
Flink, Berlin, food delivery, USD 150 million
This company from the German capital has undergone a process of consolidation and targeted the second quarter of 2025 to turn a profit. It has also concluded a privileged partnership with Just Eat Takeaway, increasing its reach in Germany and the Netherlands.
Quantum Systems, Gilching near Munich, aviation, more than EUR 100 million
This Bavarian manufacturer of surveillance drones raised a tidy nine-figure sum in Series B funding from Notion Capital and Porsche Automobil Holding SE. Quantum intends to use the money for global expansion and R&D, particularly in the areas of software and AI.
Formo, Berlin, foodtech, USD 61 million
The start-up from the German capital concluded a successful Series B funding round that featured thirteen prior and new investors. Formo makes cheese alternatives from Koji proteins. Its products are stocked in more than 2000 supermarkets in Germany and Austria.
Reverion, Munich, renewable energy, EUR 56 million
This spin-off of the Technical University Munich has developed a modular small production facility for biogas for storing excess sustainably produced energy. Reverion says it has advance orders worth more than EUR 90 million and aims to go into serial production. Its successful Series A funding round was led by Energy Impact Partners (EIP), Honda Xcelerator Ventures and the European Innovation Council Fund (EIC Fund).
