Dealroom.co – Germany Tech Update, Q1 2025

The main theme of the report is the analysis of venture investments in the German tech sector for the first quarter of 2025.

Key findings include: German startups raised $1.8 billion in Q1 2025, a 14.3% decrease compared to the previous year. Venture capital investments in Germany are slightly trailing 2023/2024 levels but are ahead of 2020. The number of deals is on par with 2024 and higher than 2020, with 91 funding rounds exceeding $2 million. Early-stage venture capital showed growth compared to last year, while late-stage investments declined but were higher than the previous quarter. Healthcare was the most funded sector in Germany in Q1 2025, followed by energy and enterprise software. Germany ranks second in Europe for venture capital raised in 2025.