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EY took a look at investments between early 2013 and September 2014. In that period 187 tech startups in London raised investments, followed by Berlin with 145 venture rounds. Paris comes in third with 66 investments only, followed by Barcelona with 39 and Munich with 32 venture rounds. Overall, three German cities (Berlin, Munich and Hamburg) made it into EY’s top 15.
Based on the relatively low cost of living compared to other European metropoles, the city attracts young creatives from across the world which have led to a prospering tech startup scene over the past couple of years, and now the investments also seem to follow.
While most investments are still coming from German-based angels or VC firms, the participation from international investors grew by 7% from 22% to 29%. Especially in larger rounds international investors have taken a more important role in Berlin’s startup ecosystem.
Last year Berlin-based edtech startups raised over €7 million in venture capital. Among them were SaaS for tutors Patience.io, video tutoring platform sofatutor, MOOC provider iversity and brain training app Memorado.
In 2015 two new accelerator programs will join the already crowded scene in Germany’s capital, namely Techstars and a new “startup factory” initiated by Rocket Internet and Berger. This will certainly further strengthen Berlin’s footprint in the European tech scene.
- Für junge Firmen sind nur zwei Städte cool genug | Die Welt
- Rocket Internet and Roland Berger plan “super incubator” | Venture Village
- TechStars Will Launch In Berlin In June, Applications Open Now | TechCrunch