German startups appeal to Europe’s venture capitalists titles the recent newsletter from Tornado Insider which breaks down European VC deals in 2007. blognation UK and alarm:clock euro already provide a good roundup, here just the relevant data points for Germany:
Overall Germany was raising 16.7% of all deals (13.6% since 2000) placing it second in Europe, UK has the lead. Distributed by city Berlin (3.5%) and Munich (3.1%) prove to be hotspots for VC funding and are 3rd and 4th only behind London and Paris.
On a sidenote: this raises an interesting question: when you start a tech or webtech company in Germany, how do you chose the location? The startup scene is highly distributed all over Germany, depending on which industry you are in there might be reasons to go for Berlin, Munich, Hamburg, Cologne, Leipzig or even Frankfurt.
Choosing the location is not only relevant for connecting with your industry or being close to universities or venture capitalists, but may also be influenced by your support network as well as personal preferences - we know at least two companies who were very happy to go back to Hamburg and quite a few companies go to Berlin because it is easy to attract employees there.
Or are you just happy to found where you are? Which city do you prefer and why? Let us know in the comments.
August 15th, 2007 at 11:40 am
[…] Insider has produced a study of European VC deals in 2007. Blognation has a good analysis of the study, but the bottom line […]
September 7th, 2007 at 2:25 am
[…] German Startups Appeal To Europe?s Venture Capitalistsdetech.blognation, Germany - 53 minutesThe startup scene is highly distributed all over Germany, depending on which industry you are in there might be reasons to go for Berlin, Munich, Hamburg, … […]