Dealroom – Germany Tech Update,1Q 2024

In the first quarter of 2024, German startups raised $2.3 billion in venture capital funding, which is $300 million more than the same period in 2023. This places German venture capital investment on track to surpass all previous years, except for the outlier years of 2021 and 2022. Over 90 rounds of funding exceeding $2 million each were conducted by German startups in Q1 2024. Energy is the top-funded sector in Germany for the year, followed by Health and Fintech. Climate tech and drug discovery are among the leading frontier tech segments receiving significant funding in 2024. Germany is ranked second in Europe, Middle East, and Africa (EMEA) for venture capital raised in 2024, and boasts the highest-ranked ecosystem showing growth in investment compared to 2023.