Dealroom – Germany Tech Update, Q3 2024

In Q3 2024, German startups raised a total of $2.7 billion in venture capital, marking the highest quarterly amount since Q2 2022. This surpasses the levels seen in 2023 and is only behind the outlier years of 2021 and 2022. While the frequency of deal activity is slightly behind 2023, there were still 269 rounds of $2 million or more raised by German startups so far in 2024. Early-stage VC investment in Q3 remained steady compared to Q2, while late-stage investment saw a strong quarter with 6 megarounds in Q3. Breakout-stage investment is up year on year and the highest it has been in 2024.