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

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

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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