One of Europe’s hottest startup senses is only getting hotter. In 2021, €10.5 billion ($11.6 billion) flowed into Berlin’s startups, compared with $6.9 billion for all German startups in 2019. Berlin’s ecosystem accounted for 60% of the total capital invested in Germany. The number of deals also rose 60% year-on-year to 503, including Germany’s largest transaction ever: Berlin-based delivery service Gorillas raised €861 million in September. This was one of eight financing rounds of more than €500 million ($551 million) in Berlin in 2021.

The health sector saw a particular spike in deal making in 2021. Berlin startups in the space closed 57 financing rounds, receiving a total of €519 million ($566 million). A recent healthcare industry study by the WifOR Institute and SNPC ranked Berlin among the top three locations worldwide.

The government is looking to take additional steps to bolster startups. In June 2021, Germany announced unlocking €10 billion ($12 billion) to support startups in their growth phase. The money is to be distributed via an investment fund and is intended to address difficulties startups face when trying to raise venture capital.

Startup support organizations within the ecosystem include Berlin Partner, which supports companies looking to expand. WomenTech Network promotes ​gender diversity in tech and connects talented professionals with top companies and startups that value diversity. At the GREENTECH FESTIVAL participants from around the world discuss solutions to the climate crisis.