German start-ups raised more money last year than ever before. This is a ray of hope following the realization that the German economy has seen the weakest growth in six years. The favourable news about the appeal of German start-ups to investors can be found in the start-up barometer published by Ernst & Young. These concern companies that are no older than ten years old.

German start-up entrepreneurs were able to raise more capital in 2019 than ever before. This amounted to €6.2 billion in total. Which was an increase of more than a third (36%) compared to the previous year. Aside from that, the number of investment rounds increased by 13% to 704.

Berlin profited the most from this sum. Start-ups in the capital were boosted by €3.7 billion, divided over 262 financing rounds. This represents an increase of 41% in comparison to 2018.