Wednesday, May 22, 2024

Celonis, Gorillas, N26: Germany’s top startups in control of the crisis

Date:

Unicorn in Libra

The Handelsblatt analyzed statistics and spoke to founders, investors and bankers to find out what Germany’s 36 unicorns are really like.

(Photo: Foréal)

  • Although there is still plenty of venture capital for founders, changing interest rates and the economic downturn are making financiers more selective.
  • Fresh capital is only available to companies that can demonstrate a credible path to profitability, or are working on truly game-changing developments.
  • The Handelsblatt analyzes and evaluates the future prospects of all German unicorns.

The euphoria surrounding the rise of the German start-up scene last year was so great that hardly anyone noticed how it ended. According to the Pitchbook database, a total of ten start-ups in Germany have become unicorns in 2021.

>> Read here: With unicorns, profitability now counts instead of imagination

This is what the panorama calls it when the company is valued by its investors at at least one billion euros.

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Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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