Here's a detailed analysis of top Business Models in rebrand.ly/sr5u25d Get these reports of any geography delivered to your mailbox for free! Subscribe

1. TRACXN TOP BUSINESS MODELS REPORT
June 22, 2021
GERMANY TECH

2. Germany Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
GermanyGermany Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Germany Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Funding in last 1 year
3
Investment Tech $1.2B
Business Process Management
Software
$1.1B
Online Travel $1.0B
Internet First Insurance Platforms $870M
Oncology $586M
Banking Tech $455M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
HTGF
IBB Ventures
HV Capital
21
10
6
Early
Stage
HTGF
HV Capital
Redalpine
15
11
10
Late
Stage
HV Capital
Iris Capital
Accel
7
5
4
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Celonis
(2011, Munich)
$1.0B - Series D
Trade Republic
(2015, Berlin)
$900M - Series C
FlixBus
(2013, Munich)
$650M - Series G
wefox
(2015, Berlin)
$650M - Series C
AUTO1 Group
(2012, Berlin)
$300M - Series F
Gorillas
(2018, Berlin)
$290M - Series B
TIER
(2018, Berlin)
$250M - Series C
Volocopter
(2011, Bruchsal)
$241M - Series D
Forto
(2016, Berlin)
$240M - Series C
Flink
(2014, Berlin)
$240M - Series A
Scalable Capital
(2014, Munich)
$183M - Series E
Auxmoney
(2007, Dusseldorf)
$179M - Series F
Berlin (53%)
Munich (28%)
Tubingen (3%)
Dusseldorf (2%)
Bruchsal (2%)
Others (12%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Germany Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲5 Process Mining $1.0B 1 Celonis | $1.0B | Series D Link
2▲10 Internet-First Property and Casualty Insurers $745M 4 wefox | $650M | Series C Link
3▼1 Bus Aggregators $650M 1 FlixBus | $650M | Series G Link
4▼3 Drugs for Multiple Cancer Types $447M 7 CureVac | $171M | Series F Link
5<> 0 RNA Interference Platforms $297M 2 CureVac | $171M | Series F Link
6▼2 Retinal Disorders Drugs $297M 2 CureVac | $171M | Series F Link
7▲44 Cheminformatics for Drug Discovery $282M 2 ATAI | $157M | Series D Link
8▲6 Free Float Electric Kick Scooters Rentals $252M 2 TIER | $250M | Series C Link
9▲6 Free Float Electric Kick Scooter Rental $252M 2 TIER | $250M | Series C Link
10▼7 Non Hybrid Flying Cars $241M 1 Volocopter | $241M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Germany Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲36 Robo Advisors $241M 2 Scalable Capi.. | $183M | Series E Link
12▲9 Tech First Freight Forwarder $240M 3 sennder | $160M | Series D Link
13-- Internet First P2P Personal Loans $179M 1 Auxmoney | $179M | Series F Link
14-- Indoor Hydroponics Farming $170M 1 INFARM | $170M | Series C Link
15-- Lending As a Service Platforms $140M 2 Mambu | $135M | Series D Link
16-- Cancer Precision Medicine Diagnostic Tests $139M 2 ITM | $109M | Series D Link
17-- Nuclear Imaging Radioisotopes $139M 2 ITM | $109M | Series D Link
18-- Core Banking Platforms $135M 1 Mambu | $135M | Series D Link
19-- Outdoor Activities Booking Platforms $134M 1 GetYourGuide | $134M | Series E Link
20▼1 HRMS for SMBs $125M 1 Personio | $125M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Germany Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Local Marketing $115M 1 Uberall | $115M | Series C Link
22-- Shipment Tracking $112M 1 Parcellab | $112M | Series C Link
23▲156 Workflow Automation $110M 2 Camunda | $97.6M | Series B Link
24-- Ultracapacitor $110M 3 Skeleton Tech | $61.0M | Series D Link
25-- Transportation Booking Platforms $100M 1 Omio | $100M | Series C Link
26-- Financial Planning & Analysis Software $100M 1 Jedox | $100M | Series C Link
27-- Business Process Management System $97.6M 1 Camunda | $97.6M | Series B Link
28▼11 Congestive Heart Failure Treatment Devices $95.1M 2 Impulse Dyna.. | $60.0M | Series D Link
29▲34 Small Satellite Launch Vehicles $90.9M 1 Isar Aerospa.. | $90.9M | Series B Link
30--
Healthcare IT > Provider > Clinical Operations >
Decision Support > Diagnosis > Diagnostics a..
$90.5M 1 Ada | $90.5M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Germany Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Symptom Tracking Solutions $90.5M 1 Ada | $90.5M | Series B Link
32-- Access Governance Management $80.0M 1 LeanIX | $80.0M | Series D Link
33-- ITSM Suite $80.0M 1 LeanIX | $80.0M | Series D Link
34-- Predictive Railway Maintenance $80.0M 1 KONUX | $80.0M | Series C Link
35▼1 Back Pain Therapy App $75.0M 1 Kaia Health | $75.0M | Series C Link
36-- Online Language Tutoring $73.8M 2 Lingoda | $68.0M | Series C Link
37▲89 Conversation AI Platforms $70.0M 3 Cognigy | $44.0M | Series B Link
38-- Customer Data Platforms $68.1M 3 Zeotap | $42.0M | Series C Link
39-- Banking as a Service Platforms $67.5M 1 Solarisbank | $67.5M | Series C Link
40▲9 Configure Price Quote Software $65.0M 1 Pricefx | $65.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Germany Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Autoimmune Disorders Drugs $59.3M 1 CatalYm | $59.3M | Series B Link
42-- Virtual Classroom Solutions $59.0M 3 Class | $30.8M | Series A Link
43▼15 Solar Powered Cars $54.7M 1 Sono Motors | $54.7M | Series C Link
44-- Online Home Furnishing Products Retailer $47.7M 1 Tink | $47.7M | Series D Link
45-- Online Retailer $47.7M 1 Tink | $47.7M | Series D Link
46▲15 Life Sciences Research Services $47.5M 3 AMSilk | $35.2M | Series C Link
47-- Smart Thermostat $46.2M 1 tado° | $46.2M | Series D Link
48▼18 Vacation Rentals Metasearch Engines $45.0M 2 Holidu | $45.0M | Series D Link
49▲8 Cannabinoid Therapeutics $44.2M 2 Sanity Group | $44.2M | Series A Link
50▲75 AI Virtual Agents $44.0M 2 Cognigy | $44.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Process Mining - Germany
01
9
Back to index
Business Process Management Software (Signavio)
(# Cos: 74 | $1.8B)
Process Mining (Celonis)
(# Cos: 5 | $1.4B)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$1.0B (▲245%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
3
-
5
1
Celonis
(2011, Munich, $1.4B)
PAFnow
(2014, Darmstadt)
kyp.ai
(2018, Hamburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Celonis (2011, Munich)
$1.0B - Series D - Jun 2021

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Internet-First Property and Casualty
Insurers - Germany
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$745M (▲577%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
7
-
8
5
Internet First Insurance Platforms (Clark)
(# Cos: 98 | $1.5B)
Internet First Insurers (Getsafe)
(# Cos: 44 | $1.4B)
P&C (Coya)
(# Cos: 21 | $1.2B)
Diversified (wefox)
(# Cos: 8 | $1.2B)
wefox
(2015, Berlin, $1.0B)
Coya
(2016, Berlin, $40.0M)
FRIDAY
(2017, Berlin, $128M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
wefox (2015, Berlin)
$650M - Series C - Jun 2021
wefox (2015, Berlin)
$89.0M - Series B - Sep 2020
InsureQ (2020, Munich)
$6.0M - Seed - Apr 2021
Neodigital (2017, Neunkirchen)
Undisclosed - Series B - Nov 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Bus Aggregators - Germany
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$650M (▲15.9%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
1
-
1
1
Online Travel (GetYourGuide)
(# Cos: 492 | $3.5B)
Transportation (Omio)
(# Cos: 101 | $1.9B)
Bus (CheckMyBus)
(# Cos: 7 | $1.2B)
Aggregator (FlixBus)
(# Cos: 1 | $1.2B)
FlixBus
(2013, Munich, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FlixBus (2013, Munich)
$650M - Series G - Jun 2021

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
CureVac (2000, Tubingen)
$171M - Series F - Jul 2020
CureVac (2000, Tubingen)
$126M - Series F - Jul 2020
T-Knife (2018, Berlin)
$78.2M - Series A - Aug 2020
CatalYm (2016, Munich)
$59.3M - Series B - Nov 2020
Tubulis Technologies (2015, Berlin)
$12.2M - Series A - Jul 2020
Emergence Therapeu.. (2019, Duisburg)
Undisclosed - Seed - Nov 2020
Immatics (2000, Tubingen)
Undisclosed - Series E - Aug 2020
Drugs for Multiple Cancer Types -
Germany
04
12
Back to index
Oncology (Immatics)
(# Cos: 113 | $3.9B)
Drugs (CureVac)
(# Cos: 69 | $3.4B)
Diversified (BioNTech)
(# Cos: 58 | $3.4B)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$447M (▼38.2%)
7( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$3.4B
42
12
58
5
BioNTech
(2008, Mainz, $1.4B)
CureVac
(2000, Tubingen, $975M)
Immatics
(2000, Tubingen, $236M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
RNA Interference Platforms - Germany
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$297M (▼13.4%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$993M
4
1
4
0
Genomics (Qiagen)
(# Cos: 260 | $1.6B)
Enabling Technologies (Sirion Biotech)
(# Cos: 97 | $1.1B)
Technology Platforms (Computomics)
(# Cos: 19 | $1.1B)
RNA interference (CureVac)
(# Cos: 4 | $993M)
CureVac
(2000, Tubingen, $975M)
Cardior Pharmaceuticals
(2016, Hannover, $16.3M)
Riboxx
(2009, Radebeul, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CureVac (2000, Tubingen)
$171M - Series F - Jul 2020
CureVac (2000, Tubingen)
$126M - Series F - Jul 2020

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
CureVac (2000, Tubingen)
$171M - Series F - Jul 2020
CureVac (2000, Tubingen)
$126M - Series F - Jul 2020
Retinal Disorders Drugs - Germany
06
14
Back to index
Ophthalmology (Zeiss)
(# Cos: 45 | $1.4B)
Drugs (Novaliq)
(# Cos: 9 | $1.3B)
Retinal Disorders (CureVac)
(# Cos: 4 | $975M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$297M (▼13.4%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$975M
2
1
4
0
CureVac
(2000, Tubingen, $975M)
ViGeneron
(2017, Starnberg)
Dahlem Pharma
(2019, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics for Drug Discovery -
Germany
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$282M (▲1075%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$397M
6
-
11
1
Life Sciences Tech (ResearchGate)
(# Cos: 212 | $582M)
Research & Development (Siemens
Healthineers)
(# Cos: 182 | $579M)
Drug Discovery (Qiagen)
(# Cos: 42 | $399M)
Cheminformatics (ATAI)
(# Cos: 11 | $397M)
ATAI
(2018, Munich, $387M)
BioSolveIT
(2001, Sankt Augustin)
DyNAbind
(2017, Dresden)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ATAI (2018, Munich)
$157M - Series D - Mar 2021
ATAI (2018, Munich)
$125M - Series C - Nov 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooters Rentals -
Germany
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$252M (▲152%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$448M
4
-
7
1
Road Transport Tech (FlixBus)
(# Cos: 428 | $2.1B)
Self Drive Rentals (Wunder Mobility)
(# Cos: 123 | $541M)
Electric Kick Scooters (Yoio)
(# Cos: 13 | $448M)
Own Fleet (Circ)
(# Cos: 11 | $448M)
Free Float (TIER)
(# Cos: 7 | $448M)
TIER
(2018, Berlin, $383M)
Circ
(2018, Berlin, $62.6M)
ZEUS
(2019, Munich, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TIER (2018, Berlin)
$250M - Series C - Nov 2020
ZEUS (2019, Munich)
$2.4M - Angel - Jan 2021

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rental -
Germany
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$252M (▲152%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$448M
4
-
5
1
Electric Vehicles (Torqeedo)
(# Cos: 419 | $1.6B)
Vehicle as a Service (WeShare)
(# Cos: 49 | $469M)
Kick Scooters (Circ)
(# Cos: 12 | $448M)
Free Float (TIER)
(# Cos: 5 | $448M)
TIER
(2018, Berlin, $383M)
Circ
(2018, Berlin, $62.6M)
ZEUS
(2019, Munich, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TIER (2018, Berlin)
$250M - Series C - Nov 2020
ZEUS (2019, Munich)
$2.4M - Angel - Jan 2021

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Non Hybrid Flying Cars - Germany
10
18
Back to index
Flying Cars (Lilium)
(# Cos: 8 | $764M)
Non Hybrid Vehicles (Volocopter)
(# Cos: 7 | $764M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$241M (▼34.9%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$764M
3
-
7
2
Volocopter
(2011, Bruchsal, $388M)
Lilium
(2015, Wessling, $375M)
Rotorvox
(2011, Horselgau, $608K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volocopter (2011, Bruchsal)
$241M - Series D - Mar 2021

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Robo Advisors - Germany
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$241M (▲765%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$374M
6
-
13
2
Investment Tech (Ayondo)
(# Cos: 417 | $2.3B)
Wealth Management Platforms (Vantik)
(# Cos: 100 | $394M)
Robo Advisors (LIQID)
(# Cos: 18 | $377M)
Horizontal (Scalable Capital)
(# Cos: 13 | $374M)
Scalable Capital
(2014, Munich, $320M)
LIQID
(2015, Berlin, $50.0M)
aixigo
(1999, Aachen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Scalable Capital (2014, Munich)
$183M - Series E - Jun 2021
Scalable Capital (2014, Munich)
$58.0M - Series D - Jul 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Tech First Freight Forwarder - Germany
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$240M (▲243%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$350M
1
-
3
1
Logistics Tech (Foodpanda)
(# Cos: 529 | $1.6B)
Freight (cargo.one)
(# Cos: 300 | $809M)
Trucking (InstaFreight)
(# Cos: 167 | $377M)
Tech First Freight Forwarder
(sennder)
(# Cos: 3 | $350M)
sennder
(2015, Berlin, $350M)
Cargoboard
(2019, Paderborn)
Carrypicker
(2017, Hamburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
sennder (2015, Berlin)
$160M - Series D - Jan 2021
sennder (2015, Berlin)
$80.0M - Series D - Jun 2021
sennder (2015, Berlin)
Undisclosed - Series C - Sep 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans -
Germany
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$179M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$223M
2
-
2
0
Alternative Lending (ImmobilienScout24)
(# Cos: 139 | $1.3B)
Online Lenders (Finiata)
(# Cos: 104 | $849M)
Consumer Loans (Grover)
(# Cos: 26 | $631M)
Personal Loans (cashpresso)
(# Cos: 5 | $245M)
Marketplace (Monedo)
(# Cos: 3 | $238M)
P2P (Auxmoney)
(# Cos: 2 | $223M)
Auxmoney
(2007, Dusseldorf, $223M)
GIROMATCH
(2014, Frankfurt Am Main)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Auxmoney (2007, Dusseldorf)
$179M - Series F - Sep 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
INFARM (2013, Berlin)
$170M - Series C - Sep 2020
Indoor Hydroponics Farming - Germany
14
22
Back to index
Crop Tech (Plantix)
(# Cos: 201 | $434M)
Indoor Farming (Nexus Farms)
(# Cos: 10 | $400M)
Hydroponics (INFARM)
(# Cos: 5 | $400M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$170M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$400M
1
-
5
1
INFARM
(2013, Berlin, $400M)
Steigerwald Arzneimitt..
(1951, Darmstadt)
Alpine Hemp
(2014, Dusseldorf)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Mambu (2011, Berlin)
$135M - Series D - Jan 2021
Banxware (2020, Berlin)
$4.8M - Seed - Feb 2021
Lending As a Service Platforms -
Germany
15
23
Back to index
Alternative Lending (ImmobilienScout24)
(# Cos: 139 | $1.3B)
Enablers (CrossLend)
(# Cos: 6 | $240M)
Lending-as-a-service (Mambu)
(# Cos: 2 | $185M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$140M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$185M
2
-
2
2
Mambu
(2011, Berlin, $180M)
Banxware
(2020, Berlin, $4.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Cancer Precision Medicine Diagnostic
Tests - Germany
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$139M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$139M
1
-
1
1
Oncology (BioNTech)
(# Cos: 113 | $3.9B)
In-Vitro Diagnostic Tests (Leica Biosystems)
(# Cos: 31 | $465M)
Diversified (Epigenomics)
(# Cos: 18 | $443M)
Precision Medicine (ITM)
(# Cos: 1 | $139M)
ITM
(2004, Munich, $139M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ITM (2004, Munich)
$109M - Series D - Apr 2021
ITM (2004, Munich)
$30.5M - Series D - Jun 2021

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
ITM (2004, Munich)
$109M - Series D - Apr 2021
ITM (2004, Munich)
$30.5M - Series D - Jun 2021
Nuclear Imaging Radioisotopes -
Germany
17
25
Back to index
Life Sciences Platforms and Tools (Zeiss)
(# Cos: 544 | $865M)
Research Reagents and Kits (Chromo Tek)
(# Cos: 114 | $154M)
Radioisotopes (ITM)
(# Cos: 1 | $139M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$139M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$139M
1
-
1
1
ITM
(2004, Munich, $139M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Core Banking Platforms - Germany
18
26
Back to index
Banking Tech (IDnow)
(# Cos: 151 | $2.1B)
Core Banking Platforms (Mambu)
(# Cos: 3 | $206M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$135M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$206M
2
-
3
1
Mambu
(2011, Berlin, $180M)
Abaxx Technology
(1998, Stuttgart, $26.1M)
Frankfurt Banking
(2017, Frankfurt Am Main)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mambu (2011, Berlin)
$135M - Series D - Jan 2021

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Outdoor Activities Booking Platforms -
Germany
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$134M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$789M
4
-
8
1
Online Travel (FlixBus)
(# Cos: 492 | $3.5B)
Tours & Activities (Travelcircus)
(# Cos: 35 | $793M)
Online Agency (Gidsy)
(# Cos: 26 | $792M)
Outdoor Activities (GetYourGuide)
(# Cos: 8 | $789M)
GetYourGuide
(2009, Berlin, $789M)
Bstoked
(2015, Berlin, $30.0K)
SkiPass24
(2011, Marburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GetYourGuide (2009, Berlin)
$134M - Series E - Oct 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
HRMS for SMBs - Germany
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$125M (▲66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$273M
6
-
16
2
HRTech (StepStone)
(# Cos: 755 | $747M)
HRMS (Localyze)
(# Cos: 64 | $279M)
Suite (HeavenHR)
(# Cos: 37 | $279M)
SMB (Personio)
(# Cos: 16 | $273M)
Personio
(2015, Munich, $255M)
HeavenHR
(2015, Berlin, $18.1M)
fragPaul
(2014, Cologne)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Personio (2015, Munich)
$125M - Series D - Jan 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Local Marketing - Germany
21
29
Back to index
MarketingTech (Adjust)
(# Cos: 602 | $913M)
Local Marketing (Uberall)
(# Cos: 4 | $146M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$115M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$146M
4
-
4
1
Uberall
(2013, Berlin, $140M)
RankingCoach
(2011, Cologne, $5.4M)
Milabent
(2010, Hamburg, $483K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Uberall (2013, Berlin)
$115M - Series C - Jun 2021

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Shipment Tracking - Germany
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$112M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$112M
2
-
11
1
Logistics Tech (Foodpanda)
(# Cos: 529 | $1.6B)
Ecommerce Logistics (TeleRetail)
(# Cos: 66 | $184M)
Fulfillment Enablers (Seven Senders)
(# Cos: 23 | $176M)
Shipment Tracking (Parcellab)
(# Cos: 11 | $112M)
Parcellab
(2014, Munich, $112M)
is it fresh
(2017, Aachen)
Parcello
(2011, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Parcellab (2014, Munich)
$112M - Series C - May 2021

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Workflow Automation - Germany
23
31
Back to index
Digital Transaction Management (N8n)
(# Cos: 90 | $140M)
Workflow Automation (Camunda)
(# Cos: 13 | $140M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$110M (▲7206%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$140M
4
-
13
2
Camunda
(2013, Berlin, $126M)
N8n
(2018, Berlin, $13.5M)
Ninox
(2013, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Camunda (2013, Berlin)
$97.6M - Series B - Mar 2021
N8n (2018, Berlin)
$12.0M - Series A - Apr 2021

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Ultracapacitor - Germany
24
32
Back to index
Energy Storage Tech (sonnen)
(# Cos: 224 | $629M)
Ultracapacitor (Skeleton Tech)
(# Cos: 1 | $109M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$110M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
1
-
1
1
Skeleton Tech
(2009, Berlin, $109M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Skeleton Tech (2009, Berlin)
$61.0M - Series D - Mar 2021
Skeleton Tech (2009, Berlin)
$48.5M - Series D - Nov 2020
Skeleton Tech (2009, Berlin)
Undisclosed - Series D - Mar 2021

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Transportation Booking Platforms -
Germany
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$416M
2
-
2
1
Online Travel (GetYourGuide)
(# Cos: 492 | $3.5B)
Transportation (FlixBus)
(# Cos: 101 | $1.9B)
Horizontal (fromAtoB)
(# Cos: 3 | $416M)
Online Agency (Omio)
(# Cos: 2 | $416M)
Omio
(2013, Berlin, $400M)
fromAtoB
(2008, Berlin, $15.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Omio (2013, Berlin)
$100M - Series C - Aug 2020

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Jedox (2002, Freiburg)
$100M - Series C - Jan 2021
Financial Planning & Analysis Software -
Germany
26
34
Back to index
Finance & Accounting Tech (Taxfix)
(# Cos: 222 | $459M)
Financial Planning & Analysis (ChartMogul)
(# Cos: 30 | $175M)
Suite (Trufa)
(# Cos: 16 | $161M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$161M
6
-
16
1
Trufa
(2013, Heidelberg, $10.9M)
Jedox
(2002, Freiburg, $150M)
LucaNet
(1999, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Business Process Management System -
Germany
27
35
Back to index
Business Process Management Software (Celonis)
(# Cos: 74 | $1.8B)
BPM Suite (Camunda)
(# Cos: 29 | $126M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$97.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$126M
4
-
29
1
Camunda
(2013, Berlin, $126M)
Metasonic
(2004, Bayerbach)
HENRICHSEN
(1982, Straubing)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Camunda (2013, Berlin)
$97.6M - Series B - Mar 2021

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Congestive Heart Failure Treatment
Devices - Germany
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$95.1M (▲18.5%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$272M
9
-
10
2
Cardiac and Vascular Disorders (OMEICOS)
(# Cos: 94 | $739M)
Medical Devices (CardioSecur)
(# Cos: 77 | $564M)
Therapeutic Devices (JenaValve
Technology)
(# Cos: 49 | $555M)
Congestive Heart Failure (Impulse
Dynamics)
(# Cos: 10 | $272M)
Impulse Dynamics
(1996, Stuttgart, $215M)
AdjuCor
(2008, Munich, $48.4M)
Novapump
(2012, Jena)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Impulse Dynamics (1996, Stuttgart)
$60.0M - Series D - Jan 2021
AdjuCor (2008, Munich)
$35.1M - Series B - Jun 2021

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Isar Aerospace Techn.. (2018, Munich)
$90.9M - Series B - Dec 2020
Small Satellite Launch Vehicles -
Germany
29
37
Back to index
NewSpace (Morpheus Space)
(# Cos: 49 | $111M)
Launch Vehicles (HyImpulse)
(# Cos: 2 | $108M)
Small Payload (Isar Aerospace
Technologies)
(# Cos: 2 | $108M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$90.9M (▲435%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$108M
1
-
2
1
Isar Aerospace Technol..
(2018, Munich, $108M)
HyImpulse
(2018, Neuenstadt Am K..)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Clinical Operations > Decision Support >
Diagnosis > Diagnostics and Assessment Tests > Cognitive Assesment -
Germany
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$90.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$137M
3
-
4
1
Healthcare IT (MEDWING)
(# Cos: 697 | $604M)
Provider (CompuGroup Medical)
(# Cos: 538 | $406M)
Clinical Operations (Smart Reporting)
(# Cos: 111 | $270M)
Decision Support (Brainlab)
(# Cos: 107 | $270M)
Diagnosis (Siemens Healthineers)
(# Cos: 63 | $223M)
Diagnostics and Assessment Tests
(Mr. Patch)
(# Cos: 4 | $137M)
Cognitive Assesment (Ada)
(# Cos: 4 | $137M)
Ada
(2011, Berlin, $137M)
Mr. Patch
(2014, Berlin, $15.8K)
ki elements
(2017, Saarbruecken)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ada (2011, Berlin)
$90.5M - Series B - May 2021

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Symptom Tracking Solutions - Germany
31
39
Back to index
Disease Self Management (Clue)
(# Cos: 324 | $378M)
Symptom Checkers (Ada)
(# Cos: 13 | $138M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$90.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
4
-
13
1
Ada
(2011, Berlin, $137M)
Nori Health
(2017, Berlin, $670K)
Super Izzy
(2016, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ada (2011, Berlin)
$90.5M - Series B - May 2021

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
LeanIX (2012, Bonn)
$80.0M - Series D - Jul 2020
Access Governance Management -
Germany
32
40
Back to index
GRC Software (Quentic)
(# Cos: 129 | $235M)
Governance (Beta Systems IAM Software)
(# Cos: 12 | $120M)
Access Governance (LeanIX)
(# Cos: 3 | $120M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$120M
2
-
3
1
LeanIX
(2012, Bonn, $120M)
Beta Systems IAM Softw..
(2013, Berlin)
inTension
(2010, Ostfildern)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
LeanIX (2012, Bonn)
$80.0M - Series D - Jul 2020
ITSM Suite - Germany
33
41
Back to index
IT Operations (arago)
(# Cos: 114 | $248M)
ITSM (AnyDesk Software)
(# Cos: 34 | $149M)
Suite (LeanIX)
(# Cos: 6 | $120M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$120M
3
1
6
1
LeanIX
(2012, Bonn, $120M)
Matrix42 Benelux
(2009, Frankfurt Am Main)
OTRS
(2003, Homburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Predictive Railway Maintenance -
Germany
34
42
Back to index
Rail IT (Distribusion)
(# Cos: 19 | $138M)
Maintenance (KONUX)
(# Cos: 2 | $132M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$132M
1
-
2
1
KONUX
(2014, Munich, $132M)
RailWatch
(2015, Bonn)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KONUX (2014, Munich)
$80.0M - Series C - Jan 2021

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Back Pain Therapy App - Germany
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$75.0M (▲120%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
1
-
2
1
Disease Self Management (Ada)
(# Cos: 324 | $378M)
Pain (AmbiGate)
(# Cos: 12 | $125M)
Therapy (M-sense)
(# Cos: 7 | $125M)
Back Pain (8sense)
(# Cos: 5 | $125M)
App (Kaia Health)
(# Cos: 2 | $125M)
Kaia Health
(2016, Munich, $125M)
Mineo
(2018, Munich)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kaia Health (2016, Munich)
$75.0M - Series C - Apr 2021

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Online Language Tutoring - Germany
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$73.8M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$96.8M
6
-
9
3
Continued Learning (Lecturio)
(# Cos: 252 | $195M)
Vocational (Memorado)
(# Cos: 130 | $149M)
Language Learning (Speexx)
(# Cos: 64 | $132M)
Multi Language (Babbel)
(# Cos: 34 | $132M)
Online Tutoring (Tandem)
(# Cos: 9 | $96.8M)
Tandem
(2015, Berlin, $8.7M)
Speexx
(2011, Munich, $5.0M)
Lingoda
(2012, Berlin, $83.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lingoda (2012, Berlin)
$68.0M - Series C - Apr 2021
Tandem (2015, Berlin)
$5.8M - Series A - Jul 2020

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Cognigy (2016, Dusseldorf)
$44.0M - Series B - Jun 2021
Rasa (2016, Berlin)
$26.0M - Series B - Jun 2020
Cognigy (2016, Dusseldorf)
Undisclosed - Series A - Jan 2021
Conversation AI Platforms - Germany
37
45
Back to index
AI Infrastructure (Clickworker)
(# Cos: 69 | $118M)
Natural Language Processing (Cognigy)
(# Cos: 15 | $96.3M)
Conversational AI (Rasa)
(# Cos: 5 | $96.3M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$70.0M (▲1067%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$96.3M
2
-
5
2
Rasa
(2016, Berlin, $41.3M)
Cognigy
(2016, Dusseldorf, $55.0M)
scalable minds
(2012, Potsdam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Zeotap (2014, Berlin)
$42.0M - Series C - Jul 2020
Zeotap (2014, Berlin)
$18.5M - Series C - Nov 2020
CrossEngage (2015, Berlin)
$7.6M - Series A - Sep 2020
Customer Data Platforms - Germany
38
46
Back to index
MarketingTech (Adjust)
(# Cos: 602 | $913M)
Marketing Data Platforms (Webtrekk)
(# Cos: 14 | $156M)
Customer Data Platforms (Zeotap)
(# Cos: 11 | $129M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$68.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$129M
3
-
11
2
Zeotap
(2014, Berlin, $80.9M)
Webtrekk
(2003, Berlin, $35.1M)
CrossEngage
(2015, Berlin, $13.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Banking as a Service Platforms -
Germany
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$67.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$179M
2
-
3
1
Banking Tech (IDnow)
(# Cos: 151 | $2.1B)
Open Banking (FinTecSystems)
(# Cos: 25 | $410M)
Banking APIs (Deposit Solutions)
(# Cos: 12 | $391M)
With Banking License (Solarisbank)
(# Cos: 3 | $179M)
Solarisbank
(2016, Berlin, $179M)
solaris Digital Assets
(2019, Berlin)
Fidor
(2013, Munich)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solarisbank (2016, Berlin)
$67.5M - Series C - Jun 2020

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Pricefx (2011, Pfaffenhofen)
$65.0M - Series C - Jul 2020
Configure Price Quote Software -
Germany
40
48
Back to index
Sales Force Automation (immowelt)
(# Cos: 212 | $174M)
Configure Price Quote (buynomics)
(# Cos: 14 | $130M)
Suite (Pricefx)
(# Cos: 4 | $130M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$65.0M (▲157%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$130M
1
-
4
1
Pricefx
(2011, Pfaffenhofen, $130M)
CAS Merlin
(1986, Karlsruhe)
ORISA
(1991, Jena)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
CatalYm (2016, Munich)
$59.3M - Series B - Nov 2020
Autoimmune Disorders Drugs - Germany
41
49
Back to index
Immunology (InflaRx)
(# Cos: 42 | $696M)
Drugs (Immunic Therapeutics)
(# Cos: 28 | $652M)
Autoimmune Diseases (CatalYm)
(# Cos: 3 | $59.3M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$59.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$59.3M
2
-
3
1
CatalYm
(2016, Munich, $59.3M)
SciRhom
(2016, Martinsried)
PLS-Design
(2004, Hamburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Class (1994, Hamburg)
$30.8M - Series A - Feb 2021
Class (1994, Hamburg)
$16.0M - Seed - Sep 2020
Class (1994, Hamburg)
$12.3M - Series A - Apr 2021
Virtual Classroom Solutions - Germany
42
50
Back to index
K-12 EdTech (Sofatutor)
(# Cos: 162 | $95.8M)
Tech for Teachers (PlagScan)
(# Cos: 24 | $59.1M)
Virtual Classroom (Class)
(# Cos: 2 | $59.0M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$59.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$59.0M
1
-
2
0
Class
(1994, Hamburg, $59.0M)
vicole
(undefined, Munich)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Solar Powered Cars - Germany
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$54.7M (▼1.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$120M
1
-
2
1
Electric Vehicles (TIER)
(# Cos: 419 | $1.6B)
Automaker (Volocopter)
(# Cos: 168 | $964M)
Cars (e.GO Mobile)
(# Cos: 15 | $158M)
Solar Powered (Sono Motors)
(# Cos: 2 | $120M)
Sono Motors
(2013, Munich, $120M)
Hopper Mobility
(2020, Augsburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sono Motors (2013, Munich)
$54.7M - Series C - Dec 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Online Home Furnishing Products
Retailer - Germany
44
52
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$47.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$262M
8
-
21
2
Home Improvements (URBANARA)
(# Cos: 150 | $556M)
B2C Commerce (Springlane)
(# Cos: 123 | $529M)
Horizontal (Home24)
(# Cos: 38 | $458M)
Retailer (Westwing)
(# Cos: 21 | $262M)
Westwing
(2011, Munich, $212M)
Fashion For Home
(2009, Berlin)
Tink
(2016, Berlin, $47.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tink (2016, Berlin)
$47.7M - Series D - Apr 2021

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Online Retailer - Germany
45
53
Back to index
Smart Homes (tado°)
(# Cos: 117 | $225M)
Online Retailer (Tink)
(# Cos: 1 | $47.7M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$47.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$47.7M
1
-
1
1
Tink
(2016, Berlin, $47.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tink (2016, Berlin)
$47.7M - Series D - Apr 2021

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Research Services -
Germany
46
54
Back to index
Life Sciences Platforms and Tools (Zeiss)
(# Cos: 544 | $865M)
Research Services (4SC)
(# Cos: 240 | $553M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$47.5M (▲167%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
33
$553M
91
4
240
2
4SC
(1997, Planegg, $42.3M)
Direvo Biotech
(2000, Cologne, $35.4M)
Computomics
(2012, Tubingen, $551K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AMSilk (2006, Planegg)
$35.2M - Series C - May 2021
Tubulis Technologies (2015, Berlin)
$12.2M - Series A - Jul 2020
Eleva (2020, Freiburg)
Undisclosed - Series C - Jan 2021

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Smart Thermostat - Germany
47
55
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$46.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
3
-
14
1
Energy Efficiency Tech (Cynora)
(# Cos: 231 | $445M)
Energy Management System (Younicos)
(# Cos: 108 | $266M)
HVAC Management (MeteoViva)
(# Cos: 28 | $153M)
Residential (tado°)
(# Cos: 14 | $153M)
tado°
(2011, Munich, $153M)
eCozy
(2013, Munich, $756K)
Vilisto
(2016, Hamburg, $24.7K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
tado° (2011, Munich)
$46.2M - Series D - May 2021

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Vacation Rentals Metasearch Engines -
Germany
48
56
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$45.0M (▲1.9%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$360M
3
-
3
1
Online Travel (GetYourGuide)
(# Cos: 492 | $3.5B)
Accommodation (Trivago)
(# Cos: 66 | $543M)
Vacation Rentals (Holidu)
(# Cos: 30 | $431M)
Metasearch (HomeToGo)
(# Cos: 3 | $360M)
HomeToGo
(2014, Berlin, $150M)
Holidu
(2014, Munich, $120M)
Wimdu
(2011, Berlin, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Holidu (2014, Munich)
$45.0M - Series D - May 2021
Holidu (2014, Munich)
Undisclosed - Angel - Sep 2020

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Cannabinoid Therapeutics - Germany
49
57
Back to index
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$44.2M (▲102%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$73.0M
1
-
2
1
Cannabis HealthTech (CannaCare Health)
(# Cos: 12 | $73.0M)
Healthcare (CanPharma)
(# Cos: 10 | $73.0M)
Cannabinoid Therapeutics (GCT)
(# Cos: 2 | $73.0M)
Diversified (Sanity Group)
(# Cos: 2 | $73.0M)
Sanity Group
(2011, Berlin, $73.0M)
GCT
(2018, Berlin)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sanity Group (2011, Berlin)
$44.2M - Series A - Jun 2021
Sanity Group (2011, Berlin)
Undisclosed - Series A - Oct 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Recent Funding Rounds
Cognigy (2016, Dusseldorf)
$44.0M - Series B - Jun 2021
Cognigy (2016, Dusseldorf)
Undisclosed - Series A - Jan 2021
AI Virtual Agents - Germany
50
58
Back to index
Customer Service Software (e-bot7)
(# Cos: 116 | $138M)
Call Center (Unify)
(# Cos: 38 | $66.4M)
Virtual Agents (Cognigy)
(# Cos: 3 | $55.0M)
Taxonomy
$ Invested in last 1 year in Germany
Tech
Key Stats
# Funding Rounds in last 1 year in
Germany Tech
$44.0M (▲633%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$55.0M
2
-
3
1
Cognigy
(2016, Dusseldorf, $55.0M)
Aaron.ai
(2015, Berlin)
Vialogue
(2017, Frankfurt Am Main)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Germany Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
Germany Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Germany Tech
Key News in FinTech
Events in United States
Angel Investors in Germany
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of GetYourGuide
Competitors of FlixBus
Cap Table for Flexxter
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Deposit Solutions - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
59

60. Germany Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
Consumer Digital - Germany
Enterprise Tech - Germany
HiTech - Germany
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
60

61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Germany Tech - Top Business Models Report
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or
sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any
portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the
Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com