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The 10 Most Valuable Unicorns in Germany

The 10 Most Valuable Unicorns in Germany

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. The 10 Most Valuable Unicorns in Germany

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 

Contentful 

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 

PS: ArganoUV is one of the world’s leading Contentful specialists. Contact us to see how we can work together. 

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