Reneo is the leading end-to-end asset transformation- & decarbonization platform for residential real estate in Germany.
Invested VC volume decreased by 22% in Q1 2025 compared to Q1 2024 Germany VC + PE Landscape – Q1 2025
Number and volume of announced funding rounds over the last year*
- Number of funding rounds
- Invested volume in $bn
* All data from CrunchBase, as of April 4, 2025
AI startups saw the most investments in Q1
According to the number of conducted investments, the AI startups lead the market with a total of 47 investments in the broader industry. Followed by Health Care (31) and FinTech startups (26).
Top 10 industries of financed startups according to the number of conducted investments
- AI
- Health Care
- FinTech
- Energy
- Manufacturing
- Web
- Automotive
- Biotech
- PropTech
- Retail
Number and total volume of financing rounds per stage
- Number of funding rounds
- Invested volume in $bn
The largest funding round of Q1
Berlin-based AMBOSS secured a €240 million Venture Round, the largest funding round in Germany of the quarter.
Most investment rounds were Seed Rounds (47%). Despite that, the largest volume of $395 million was invested in just 10 Series B Rounds.
EIC Accelerator was the most active VC investor in Germany
Regarding the investors behind those funding rounds, the EIC Accelerator emerged as the most active VC investor, completing 10 deals. With this, it leads ahead of Bayern Kapital (5 deals), HTGF, Creandum and HV Capital (4 deals each) among the top 5.
Investors with the highest number of investments in Q1 2025 Germany VC + PE Landscape – Q1 2025
- EIC Accelerator
- Bayern Kapital
- HTGF
- Creandum
- HV Capital
Berlin is Germany’s VC hotspot, while Munich takes the 2nd spot
The most investments in Q1 were conducted in Berlin (60), followed by Munich (20) and Hamburg (13).
When ranking by investment volume instead of the number of conducted investments, Metzingen ($123.5mn) replaces Stuttgart in the Top 5 and takes the 3rd place.
In the spotlight
Hamburg raised the 3rd most rounds in Q1
Hamburg at a glance (see also Startup City Hamburg)
1,474 verified startups
47 Incubators, Accelerators and Company Builders
108 Hubs & Workspaces
17% of startups have female founders
Reneo raised €45 million
Industry
Asset Management
Founded in
2023, Hamburg
Money raised
€45 million
Type of financing round
Series B
About
Lead Investor
Private Equity acquisitions increased by 18% compared to the previous year
- Number of PE acquisitions
- Share of all investment rounds (in %)
Number and share of PE acquisitions increased in Germany
In Q1 2025, 13 PE acquisitions were conducted in Germany, representing a share of 8% of all investment rounds (VC + PE) (166).
Most companies were acquired in Frankfurt (3), followed by Munich (2).
Mutares AG was the most active acquirer, completing 2 acquisitions in Q1.
PE acquisition highlight in Q1
Aquirer
(Alternative Asset firm)
Acquiree
(Provider of integrated real estate services and facility management)
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