The number of an injection of cash for Start-ups in Germany is increased, the amount invested declined. In addition to these results on Monday published study by the auditing and consulting company Ernst & Young (EY). According to the analysis, there were in the first half of this year, while 8 percent more funding than in the prior-year period, the volume of investment fell by more than a fifth to € 2.2 billion. In the first half of 2019, the volume of investment was still more than 600 million euros higher.
Especially the locations in Berlin and Bavaria were the highlight: While in the capital financing for young companies to 149 were increased, was broken into, the investment volume by around half to € 1.1 billion. In Bavaria, however, the number of financial injection molding climbed by 60 percent to 83, and at the same time, the investment volume of 204 grew to 773 million euros. Thus, Berlin will stay in Germany Start-up capital to get the free state have, however, considerably. “Munich has emerged as a second major Start-up site,” says EY-Start-up-expert Thomas Prüver.
In other States see the situation is not so rosy: Both in North Rhine-Westphalia than in Baden-Württemberg and Hamburg, the number of financings as well as the investment volume was decreased significantly.
A clear Corona effect has been observed Prüver. The most obvious development is the sharp decline in very large transactions with a volume of more than EUR 100 million. It had been only two. In the prior-year period, there were seven of us. Since it has, however, been more small transactions, from the milder to the Corona effect.
With 250 million euros, the Munich-based flight taxi-developers Lilium received in the first half of 2020 is the largest investment, followed by the Berlin-based technology-lender Grover with 195 million euros, and the mobile Smartphone-Bank N26 with 91 million euros.
The number of financings decreased to a very strong start to the year, in the course of the first half of the year, because of planned transactions had been initially to a large extent is also yet to be completed. In June, the number had fallen to a Low of 34 financing. The medium-term consequences of the crisis will therefore show in the coming months. The investors had become clearly more cautious.
“The market is changing – but not in a state of shock,” says Prüver. “Outstanding business ideas meet with investors in front of great interest.” Despite fewer transactions, the total volume amounted in June, after all, to 373 million euros.
Prüver sees the current Situation as well as a normalization to the Overheating of the previous years: “The investors are now more on the quality of the reviews right, some Hype topics have arrived in reality – this must be a bad development.”
In the first half of this year, the focus of investment activities in Germany, moved significantly: On the one hand, the field of Software & Analytics grew strongly, by 12 per cent to 112 transactions and 30 percent to 501 million euros. On the other hand, less money flowed considerably, especially in mobility Startups and FinTechs: In the mobility Segment, the volume of lending declined by 34 percent to 434 million euros, in the case of a young financial company, there was even a decline of 55 percent to 313 million euros. SaaS (Software as a Service), Analytics, and AI would provide promising business ideas – especially in pandemic times.
