Germany’s startup ecosystem continued to attract investor interest in 2025, ranking as the fourth most funded country globally in the first nine months of the year, ahead of Canada and France.
Tracxn’s Germany Tech – 9M 2025 Report shows that startups across the country raised $5.3B (nearly €4.59B), led by sectors such as enterprise applications, aerospace, and energy tech.
Funding activity varied across stages: Seed stage investments stood at $412M, early stage at $2B, and late stage at $2.9B. Germany also recorded 12 funding rounds above $100M, three IPOs, two new unicorns, and 104 acquisitions, including BioNTech’s $1.3B acquisition of CureVac.
Germany’s position in the DACH ecosystem
According to NGP Capital’s latest data-driven analysis of the DACH startup landscape, startups across Germany, Austria, and Switzerland collectively raised $12.1B in the past 12 months. Of this, German startups accounted for $8.47B (nearly 70 per cent of the total), marking a 22 per cent increase from $6.96B the previous year.
The report also highlights a shift in Europe’s venture capital rankings. Germany has overtaken France in startup funding for the first time. In 2023, French startups raised 12 per cent more than German startups, but by 2024, Germany had taken the lead, with France 14 per cent behind. As of 2025, the gap has widened further, with France now 32 per cent behind based on annualised data.
Germany is also closing in on the UK, Europe’s largest venture capital market. Its funding levels have grown from 48 per cent of the UK’s total in 2023 to 51 per cent as of mid-2025, signalling a gradual narrowing of the gap.
Berlin’s startup activity
Within this landscape, Berlin remained one of the country’s key startup hubs, accounting for 30 per cent of total funding, just behind Munich at 33 per cent.
In October 2025, Berlin-based startups secured $243M across 10 funding rounds, a significant rise from the $49M raised through 39 rounds in September.
As the city strengthens its role in Germany’s startup ecosystem, we are highlighting the Berlin-based startups that raised funding in October 2025 and are currently hiring.
Check them out below!
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