Handelsblatt analyzed the data and spoke to founders, investors and bankers to find out how Germany’s 36 unicorns really are.
(Photo: Forial)
- While there is still plenty of venture capital out there for founders, changing interest rates and the economic downturn are making financiers more selective.
- Fresh capital is only available to companies that can demonstrate a reliable path to profitability – or are working on truly revolutionary growth.
- Handelsblatt analyzes and evaluates the future prospects of all German unicorns.
The excitement surrounding the rise of the German start-up scene last year was so great that hardly anyone saw how it ended. According to the PitchBook database, a total of ten startups in Germany are set to become unicorns in 2021.
When a company is valued at least one billion euros by its investors, it is said to be visible.
>> read here: With unicorns, profitability now matters rather than fantasy
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Connor Beaumont is a contributor to CA News Ottawa, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, accurate reporting and useful information that helps readers stay informed about current affairs and developments that shape their communities. His work highlights relevant stories, emerging trends, and important issues, presenting them in a balanced, accessible, and reader-friendly manner.
