Q.ANT develops and manufactures quantum sensors, photonic chips, and processors for quantum computing.
Invested VC volume decreased by 44% in Germany compared to 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 October 24, 2025
AI startups saw the most investments in Q3
In Q3, AI startups lead with 37 investments, followed by Energy (23) and FinTech startups (21).
Top 10 industries of financed startups according to the number of conducted investments
- AI
- Energy
- FinTech
- Health Care
- Manufacturing
- Marketing
- Web
- Consulting
- Automotive
- Food and Beverage
Number and total volume of financing rounds per stage
- Number of funding rounds
- Invested volume in $mn
The largest funding round of Q3
Berlin-based Talon.One secured a €134 million Venture Round, the largest funding round in Germany of the quarter.
Most investment rounds were Seed Rounds (36%). Despite that, the largest volume of $374 million was invested in 16 Venture Rounds.
HTGF and Capnamic were the most active VC investors in Germany
Regarding the investors behind those funding rounds, the HTFG and Capnamic emerged as the most active VC investors, completing 5 deals each. With this, they lead ahead of 10x Founders (3 deals), Bayern Kapital (3 deals) and Techstars (3 deals) among the top 5.
Investors with the highest number of investments in Q3 2025 Germany VC + PE Landscape – Q3 2025
- HTGF
- Capnamic
- 10x Founders
- Bayern Kapital
- Techstars
Berlin and Munich remain Germany’s VC hotspots, while Hamburg takes the 3rd spot
The most investments in Q3 were conducted in Berlin (38), followed by Munich (25) and Hamburg (8).
When ranking by investment volume instead of the number of conducted investments, Stuttgart ($142mn) and Koblenz ($70mn) replaces Cologne and Frankfurt in the Top 5.
In the spotlight
The largest Series A Round in Q3 was raised in Stuttgart
Stuttgart at a glance
~130 active startups
AI/Robotic as the main industry with 80+ startups being part of a cyber-valley-network
Startup-related events with over 3000 participants
Q.ANT raised €72 million
Industry
Manufacturing, Quantum Computing, Semiconductor
Founded in
2018, Stuttgart
Money raised
€72 million
Type of financing round
Series A
About
Lead Investors
Private Equity acquisitions decreased by 12% 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 Q3 2025, 15 PE acquisitions were conducted in Germany, representing a share of 11% of all investment rounds (VC + PE) (138).
Most companies were acquired in Baden Württemberg and Bayern with 4 acquisitions each.
Each active acquirer made only one acquisition in Q3.
PE acquisition highlight in Q3
Aquirer
(PE firm)
Acquiree
(Health Care)
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