FDI
Trio of Germany-Based Start-Ups Reap Big VC Deals
Space, fintech and limousines attracted investors’ favor in late 2024 financing rounds.
Dec 17, 2024
The Exploration Company (TEC), aerospace, Munich, EUR 150 million
The start-up from the Bavarian capital set a new record for a European aerospace company with a successful Series B round. TEC intends to use the fresh funds to further develop its cost-efficient and sustainable space capsule Nyx. Its maiden voyage is planned for 2028.
Upvest, fintech, Berlin, EUR 100 million
This promising young financial platform booked a tidy round sum to end the year. Upvest provides infrastructure to fintechs, banks and wealth management companies, allowing clients to purchase stock, ETFs and cryptocurrencies. Upvest plans to expand to London.
Blacklane, limousines, Berlin, EUR 60 million
Berlin’s former catchphrase was “poor but sexy,” but the capital’s shabby chic reputation hasn’t prevented limousine company Blackline from flourishing. After taking in EUR 34 million in Series F financing last year, the company added further capital from investors, including Mercedes Benz Mobility. Blacklane is seeking to expand in the Middle East.
