31 May, 2023 — In terms of venture capital funding, Germany ranks second behind the UK.
With the increasing investments, over the past two years in Germany as many startups have become unicorns as in all previous decades!
Most of the most highly valued German unicorns are active in the fintech, ecommerce and software sectors. Celonis is a technology company focused on data processing, which enables companies to analyze internal processes and improve their efficiency, and the only one German decacorn as being a startup with a valuation of over $10 billion.
E-commerce startups performed awesome lately, with two delivery services Gorillas and Flink and e-commerce startups Razor Group and SellerX already managed the billion-dollar valuations in the first year after founding. Priorly, on average it took a German startup over five years to achieve unicorn status.
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