Quantum Systems builds AI-powered eVTOL drones for defense, security, and surveying, specializing in aerial intelligence solutions.
Number of VC Investments increased by 27.4% in Germany compared to Q2 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 July 06, 2026
AI startups saw the most investments in Q2
In Q2, AI startups lead with 75 investments, followed by Health Care (45) and FinTech startups (31).
Top 10 industries of financed startups according to the number of conducted investments
- AI
- Health Care
- FinTech
- Energy
- Manufacturing
- CleanTech
- Web
- Marketing
- Consulting
- BioTech
Number and total volume of financing rounds per stage
- Number of funding rounds
- Invested volume in $mn
The largest funding round of Q2
Munich-based Helsing secured a €600 million Series D Round, the largest funding round in Germany of the quarter.
Most investment rounds were Seed Rounds (44%). Despite that, the largest volume of $689 million was invested in 1 Series D Round.
HTGF was the most active VC investor in Germany
Regarding the investors behind those funding rounds, the HTGF emerged as the most active VC investor, completing 7 deals. With this, they lead ahead of Capnamic (5 deals), Angle Invest (5 Deals), Bayern Kapital (4 Deals) and EIC Accelerator (4 Deals) among the top 5.
Investors with the highest number of investments in Q2 2026 Germany VC + PE Landscape – Q22026
- HTGF
- Capnamic
- Angle Invest
- Bayern Kapital
- EIC Accelerator
Berlin and Munich remain Germany’s VC hotspots
The most investments in Q2 were conducted in Berlin (69), followed by Munich (37) and Cologne (9).
When ranking by investment volume instead of the number of conducted investments, Gilching ($181mn) and Aachen ($43mn) replace Hamburg and Frankfurt in the Top 5.
In the spotlight: Bavaria
Bavaria at a glance
-4,400 active startups in Bavaria
Recorded the most new startup foundations last year, with 785 (+46% year-over-year)
With €3.3 billion in venture capital raised, Bavaria ranked first among all German states, driven primarily by the Defense Tech sector
Quantum Systems raised €160 million
Industry
Aerospace, AI, Drones, Government, Manufacturing
Founded in
2015, Gilching
Money raised
€160 million
Type of financing round
Series C
About
Lead Investor
Private Equity acquisitions increased by 109% 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 2026, 23 PE acquisitions were conducted in Germany, representing a share of 11% of all investment rounds (VC + PE) (186).
With 10 Investments most PE acquisitions took place in Hessen followed by Bayern and NRW (4 each).
Mutares AG was the most active acquirer with 2 acquisitions made in Q2.
PE acquisition highlight in Q2
Aquirer
(PE firm)
Acquiree
(rideshare and dedicated launch services for small satellites and cubesats provider)
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