Germany
Berlin #16
Attraction Phase
Berlin has organically grown into the European hub for IoT and Blockchain, where tech talent and industry giants jointly solve problems to drive technological and economic growth.
Sub-sector Strengths
Fintech
The Fintech ecosystem is home to many startup support organizations including FinLeap, a VC firm focusing on Fintech investments and operating H:32, a large hub for European Fintech startups. Incumbents like Deutsche Bank and Axel Springer run innovation labs and accelerator programs. Fintech unicorn N26 raised $470 million in a Series D2 round in July 2019 while Raisin, featured on a list of the top 50 Fintech startups across Europe in 2018, raised $114 million in a Series D round in 2019.
AI, Big Data & Analytics
Berlin has more AI startups than any other German ecosystem, and they are expected to make more than $2.2 billion in revenue by 2025. Internationally renowned centers such as the German Research Center for Artificial Intelligence and the Berlin Center for Machine Learning, are based here. The government will invest $3.4 billion over the next six years to develop the country’s research and AI capabilities. Merantix, an AI-driven venture studio, raised a $28 million Series A in January 2020.
Why you should invest in Berlin
TOTAL EARLY STAGE FUNDING
$2.1 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$33 bn
GLOBAL AVG.
$10.5 bn
Top 15 Global Ecosystem
Funding
Top 15 Global Ecosystem
Talent
9
Exit Growth
INDEX
INDEX
10
Investor Activity
INDEX
INDEX
6
Funding Growth
INDEX
INDEX
Reasons to move your startup to Berlin
Incentivizing R&D
By 2025, Berlin aims to increase the ratio of R&D investment to 3.5% of GDP and invest $17.4 billion in key research areas.
Attracting Millennials
Berlin attracts entrepreneurs and talent from all over the world. Nestpick ranked Germany’s capital as the best city in the world for millennials, based on factors like business ecosystem, essentials, openness, and recreation.
COVID-19 Policy
Germany’s “Kurzarbeit” wage subsidy scheme allows businesses to prevent layoffs in times of economic downturn. Under this scheme, the government covers 60% the difference of the employee’s salary, thereby allowing staff to remain on the job at reduced hours and salary.
Startup Community
Startup Genome
Partners
Factory Berlin
Finleap
Gruenderszene
Microsoft Ventures
Project A Ventures
Apply to be an ambassador
We still don't have any ambassador in Berlin. Contact Us to apply to be our first ambassador.
Get connected
Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.