When it comes to the world of startups, one of the most valuable regions is Germany.
Known for its economic strength and sustainability, Germany is a land of unicorns. And over the past few years, the central European country has produced many success stories, with some of them soaring to billion-dollar valuations.
Germany continues to attract an entrepreneurial spirit from around the world, aided by its central location in Europe, quality workforce, strong infrastructure, and funding programs. 
Some of these include the meal-kit company HelloFresh, city bus service FlixBus, retail company Zalando, and audio and music-sharing platform SoundCloud.
With a sold startup foundation, its scene is so vibrant, with an incredible $20.7 billion in startup funding during 2021.
(Did you know that unicorns with a valuation north of $10 billion are called “decacorns” while those valued north of $100 billion are known as “hectocorns”?)
Anyway, there are around 590 unicorn companies in the world today, with an aggregated worth of $1.9 trillion.
Of all these unicorns, the majority are based in the US and China. There are around 90 in Europe, with a large chunk of them located in the UK.
When it comes to Germany, there are between 20 and 30 unicorn startups, including headless CMS platform Contentful and online broker platform Trade Republic. And now we’re going to take a look at some of these right about now!
The 10 most valuable unicorns in Germany of 2022
Celonis
Valuation: $11 billion
Sector: business intelligence, Saas, analytics and software
Products/Services: enterprise software solutions
Start date: 2011
Geographical range: global
Funding rounds: 4
Total funding amount: $1.37 billion
N26
Valuation: $9.23 billion
Sector: financial technology, banking and finance
Products/Services: financial services
Start date: 2013
Geographical range: Europe
Funding rounds: 11
Total funding amount: $1.72 billion
Personio
Valuation: $6.3 billion
Sector: employment, Saas, and human resources
Products/Services: HR management software
Start date: 2015
Geographical range: Europe
Funding rounds: 6
Total funding amount: $179 million
Trade Republic
Valuation: $5.3 billion
Sector: financial technology, cryptocurrency, finance, and trading platform
Products/Services: financial services
Start date: 2015
Geographical range: Germany, Spain, France, and Austria
Funding rounds: 3
Total funding amount: $979 million
Gorillas
Valuation: $3.10 billion
Sector: ecommerce, grocery, and delivery
Products/Services: grocery delivery services
Start date: 2020
Geographical range: Europe and the US
Funding rounds: 5
Total funding amount: $1.28 billion
Valuation: $3 billion
Sector: cloud computing, Saas, and CMS
Products/Services: content development tools
Start date: 2013
Geographical range: global
Funding rounds: 6
Total funding amount: $333 million
WeFox
Valuation: $3 billion
Sector: insurance technology, financial technology, and software
Products/Services: insurance and financial services
Start date: 2015
Geographical range: Europe
Funding rounds: 8
Total funding amount: $1.01 billion
Flink
Valuation: $2.85 billion
Sector: ecommerce, food & beverage, and grocery
Products/Services: food delivery services
Start date: 2014
Geographical range: Germany
Funding rounds: 4
Total funding amount: $1.1 billion
Tier Mobility
Valuation: $2 billion
Sector: green technology, electric vehicle and transportation
Products/Services: ride-sharing services
Start date: 2018
Geographical range: Europe and the UAE
Funding rounds: 11
Total funding amount: $583 million
Solarisbank
Valuation: $1.6 billion
Sector: financial technology, information technology, banking and finance
Products/Services: financial services
Start date: 2016
Geographical range: Europe
Funding rounds: 5
Total funding amount: $402 million
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