“Black Forest Lab has secured €28mn in a Seed funding round led by Andreessen Horowitz (…) to support the company’s mission to bring state-of-the-art AI from Europe to a global audience.” – Founders Today
Invested VC volume increased by 53% in Q3 2024 compared to Q3 2023 Germany VC + PE Landscape – Q3 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 3, 2024
In Q3, the Software Industry saw the most investments (48), followed by Health Care and AI Startups with 26 each.
- A total of 155 financing rounds were announced. Germany VC + PE Landscape – Q1 2024
- The total amount invested in the announced financing rounds was $2.23bn, a 53% increase compared to Q3 2023.
- Most investments were made in Software Startups, amounting to 48 investments.
Top 10 industries of financed startups according to the number of conducted investments
- Software
- Health Care
- AI
- IT
- SaaS
- BioTech
- Manufacturing
- FinTech
- Sustainability
- Financial Services
Number and total volume of financing rounds per stage
- Number of funding rounds
- Invested volume in $bn
The largest round of Q3 2024 was a $450 million Series C.
In Q3, most investment rounds were Seed Rounds (~43%). Despite that, the largest volume of $599 million was invested in only 4 Series C Rounds.
Bayern Kapital was the most active VC investor in Germany Germany VC + PE Landscape – Q3 2024
Investors with the highest number of investments in Q3 2024 Germany VC + PE Landscape – Q3 2024
- Bayern Kapital
- EIC Accelerator
- HTGF
- Carma Fund
- BMH
Berlin is Germany’s VC hotspot, while Munich takes the 2nd spot
- The most investments in Q2 were conducted in Berlin (49), followed by Munich (29) and Hamburg (13).
- When ranking by investment volume instead of the number of conducted investments, Planegg ($179.0mn), Mannheim ($120.2mn) and Martinsried ($68.2mn) take places 3 to 5.
In the spotlight
Baden-Württemberg raised the largest Seed-Round in Q3
Baden-Württemberg at a glance (see also startup bw)
220+ Startups
520+ Founders
110 Funding Rounds
12 regional startup ecosystems
Black Forest Labs raised €28 million
Industry
Generative AI, Media
Founded in
2024, Freiburg
Money raised
$28 million
Type of financing round
Seed-Round
Comment/Quote
Relevant Investors
Private Equity acquisitions increased by 89% compared to the previous year
- Number of PE acquisitions
- Share of all investment rounds (in %)
Number of PE acquisitions compared to VC investments increased significantly
- In Q3 2024, 17 PE acquisitions were conducted in Germany, representing a share of 10% of all investment rounds (VC + PE) in Q3 (172).
- The ratio of PE acquisitions to VC investments has more than doubled compared to the same period last year, reaching its highest point in the last 12 months.
Largest (known) acquisition in Q3 – $7.3 billion
Aquirer
(San Francisco-based dedicated climate investing platform of TPG)
Acquiree
(Germany-based energy service provider for the real estate sector)
Partner with us
Unlock the full potential of your financial strategy with Trustventure’s expert guidance. Whether you’re navigating challenges in the financial sector, seeking advice on corporate financing, or enhancing your planning and controlling processes, we’re here to empower your journey and help you create transparency and confidence for you and your investors.
Ready to elevate your financial game? Reach out to us today using our contact form or drop us a direct message at office@trustventure.de. Work with us to achieve your financial success! 🚀
Other articles
M&A European Roll-Up Market Report – March 2025
March 2025 presented a 18% year-over-year decline in the number of PE-backed acquisitions. PEs like KKR and Atwater are consolidating the European Media & Entertainment industry, as exemplified by this month's case study of Mediawan. Learn all about it in our report and case study.
April 22, 2025
VC Landscape Germany Venture Capital Landscape – Q1 2025
Between a decrease of 22% in invested VC volume and a €240mn funding round, Germany is closing its venture capital landscape Q1 2025. Learn all about it in our latest analysis.
April 14, 2025
VC Landscape European Venture Capital Landscape – March 2025
March 2025 presented a significant 150% surge in invested Venture Capital volume in Europe and Binance secured $2.0 billion in funding. Learn all about it in our in-depth analysis.
April 7, 2025
M&A European Roll-Up Market Report – February 2025
February 2025 presented a 20% dip in the number of PE-backed acquisitions. However, one acquisition was conducted in the LegalTech industry, which is currently undergoing consolidation. Learn all about it in our report and case study.
March 26, 2025
M&A European Roll-Up Market Report – January 2025
January 2025 presented a 25% increase in the number of PE-backed acquisitions. This month, we spotlight HR Path, a firm that has acquired 10 companies since 2020. Learn all about it in our report and case study.
March 19, 2025
VC Landscape European Venture Capital Landscape – February 2025
February 2025 presented a significant 16% dip in invested Venture Capital volume in Europe and two Health Care startups present the largest overall and largest Seed funding rounds. Learn all about it in our in-depth analysis.
March 12, 2025
VC Landscape European Venture Capital Landscape – January 2025
January 2025 presented a slight 1% dip in invested Venture Capital volume and the recently founded Biotech startup Verdiva Bio raised $411 million. Learn all about it in our in-depth analysis.
February 7, 2025
VC Landscape 2024 Recap: European Venture Capital & Private Equity Landscape
2024 presented an 3% increase in invested Venture Capital volume and the AI Startup Wayve raised the largest round of the year. Learn all about it in our in-depth analysis.
January 24, 2025
VC Landscape Germany Venture Capital Landscape – Q4 2024
Between a decrease of 5% in invested VC volume and a €150mn funding round, Germany is closing its venture capital landscape Q4 2024. Learn all about it in our latest analysis.
January 9, 2025
VC Landscape European Venture Capital Landscape – December 2024
December 2024 presented an 4% increase in invested Venture Capital volume and Renewable Energy Provider "1Komma5°" raised $156.5 million. Learn all about it in our in-depth analysis.
January 9, 2025