OKAPI:Orbits is a SaaS startup dedicated to making space travel more sustainable through Collision Avoidance Software for satellites.
Invested VC volume increased by 59% in Germany compared to Q2 2024
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 July 4, 2025
AI startups saw the most investments in Q2
In Q2, AI startups lead with 39 investments, followed by Health Care (36) and FinTech startups (28).
Top 10 industries of financed startups according to the number of conducted investments
- AI
- Health Care
- FinTech
- Energy
- CleanTech
- Manufacturing
- Web
- Biotech
- Telecommunications
- Food and Beverage
Number and total volume of financing rounds per stage
- Number of funding rounds
- Invested volume in $bn
The largest funding round in the clean energy space of Q2
Berlin-based Proxima Fusion secured a €250 million Series A Round, the largest funding round in Germany of the quarter in the clean energy space.
Most investment rounds were Seed Rounds (41%). Despite that, the largest volume of $694 million was invested in just 1 Series D Round.
HTGF was the most active VC investor in Germany
Regarding the investors behind those funding rounds, the HTFG emerged as the most active VC investor, completing 7 deals. With this, it leads ahead of Angel Invest, Capnamic (5 deals), Bayern Kapital (4 deals) and D11Z.Ventures (3 Deals) among the top 5.
Investors with the highest number of investments in Q2 2025 Germany VC + PE Landscape – Q1 2025
- HTGF
- Angel Invest
- Capnamic
- Bayern Kapital
- D11Z.Ventures
Berlin remains Germany’s VC hotspot, while Munich takes the 2nd spot
The most investments in Q2 were conducted in Berlin (59), followed by Munich (27) and Cologne (9).
When ranking by investment volume instead of the number of conducted investments, Gilching ($181 mn) and Aachen ($43 mn) replaces Hamburg and Frankfurt in the Top 5.
In the spotlight
The largest Seed-Round in Q2 was raised in Lower Saxony
Lower Saxony at a glance (see also Invest in Niedersachsen)
~1000 verified startups
67% of startup are founded outside of major cities
More female founders (20%) than the national average
Reneo raised €45 million
Industry
Satellite Communication
Founded in
2018, Brunswick
Money raised
€15 million
Type of financing round
Seed
About
Lead Investor
Private Equity acquisitions increased by 35% 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 Q2 2025, 11 PE acquisitions were conducted in Germany, representing a share of 7% of all investment rounds (VC + PE) (157).
Most companies were acquired in Baden Württemberg, Lower Saxony, NRW and Bayernwith 2 acquisitions each.
IK Partners was the most active acquirer, completing 2 acquisitions in Q2.
PE acquisition highlight in Q2
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