Berlin saw a boost in the number of startups that got funded this year with startup players watching out for what these companies bring to the table in the coming year. Some of top Berlin startups for 2019 completed funding rounds bringing in the maximum funding they have secured till date.
There is at least one Berlin-based startup established in the city every day, that is how fast the city?s startup ecosystem is evolving. The tech sector especially is booming and has given rise to startups that have achieved several milestones in a short span of time. Here is a look at some of the top Berlin startups for 2019 which are also among the highly funded companies in 2018. Here are the top startups for Berlin as per research from HexGn
AUTO1 Group is a leading used-car marketplace platform in Berlin that has achieved the unicorn status within six years of its existence. The Berlin-based startup was founded in 2012 by Hakan Koc and Christian Berterman; the company has not just grown in valuation but also in terms of customer base and as a team. One of the top startups in Berlin, AUTO1 Group, is among the highly funded Berlin tech startups this year. It raised $561 million from a venture series round at the beginning of 2018 from SoftBank Vision Fund. It will be exciting to see what this German used car dealer will use this funds for in the coming year, making it one of the top Berlin startups for 2019. AUTO1 Group plans to enter new markets globally with the help of these funds.
Paving the way for Avante Garde banking practices is Berlin based startup? N26. It is a mobile bank that was established by Valentin Stalf and Maxmilian Tatenthal in 2013 and seeks to redefine how banking services are accessed by making it more digitized and accessible from multiple locations. N26 is a top startup in Berlin because of the new age services it offers and the handsome funds it has attracted so far. In March 2018, the company raised $160 million from Tencent Holdings and Allianz X in its Series C round of funding. One of the top Berlin startups for 2019, N26 makes it easier for its users to create a bank account without physically going to a bank and facilitates this with the help of a user-friendly app.
Founded in 2012 by Naren Shaam, GoEuro is a notable company among the top Berlin startups for 2019. It is a fast-growing travel company that offers a multi-mode search tool for planning and booking tickets for trips within Europe as well as outside it. This top startup in Berlin has raised $296 million in funding so far with the highest amount being raised from its Series D round. Lead investors Temasek Holdings and Kinnevik AB along with two other investors invested $150 million in the Berlin based startup.? GoEuro has become a must-have app for travellers and sees downloads as high as over 800,000 in a month.
RatePAY, a Berlin based startup is an online payment solutions provider offering a secure and convenient platform for financial transactions through multiple modes at a peer to peer level. The company created a space for itself as one of the top Berlin startups for 2019 after raising
?83 million through debt financing from the NIBC Bank in 2018 and also become one of the highly funded startups in the fintech sub-sector. A top startup in Berlin today, RatePay was established in 2009 by Alexis Giesen and Miriam Wohlfarth.
Frontier Car Group was founded by Sujay Tyle, Peter Lindholm, and Andre Kussman in 2016 and had found good customer traction within a just a year of establishment. This top startup in Berlin is a notable example of successful digitized marketplace companies in Germany. Frontier Car Group?s used car marketplace platform completed its Series C round of funding in May 2018 raising $89 million from Naspers; following another full funding round by the Berlin based startup in the same year that brought home $41 million. Nigeria, Mexico, Chile, Pakistan, and? Indonesia are some of the countries where this top startup in Berlin offers its services currently.
Berlin based startup, WeQ was launched in 2018 and is a trailblazing company that is brilliantly combining data science and marketing processes to help brands drive user acquisition rates in an unparalleled way. The company has had a brilliant debut and has already raised $50 million in funding through debt capital. Touted as one of the top Berlin startups for 2019, WeQ aims to break the reign of Facebook and Google in the digital marketing arena. The dynamic adtech firm was founded by mobile and digital marketing veterans and is also led by industry experts who have worked at firms like Glispa, Adjust, Walt Disney and Hitfox. The Berlin based startup aims to expand its operations new strategic markets in the coming year with the funding received so far.
One of the top Berlin startups for 2019, finleap is an important player in Berlin’s startup ecosystem in the fintech segment. The startup was set up by Ramin Niroumand in 2014 and has been a driving force for the creation of several tech companies with their financial solutions. The Berlin based startup creates value propositions for their client companies and helping small and medium-sized entrepreneurial ventures take care of their financial activities in a customized manner. The company?s growing customer base in the recent years and its funding rounds completed this year has made it one of the top Berlin startups for 2019. finleap secured $47 million from Ping An in November 2018 and is a growing fintech partner for up and coming companies in the asset management, banking, and insurance sector.
Contentful, a Berlin based startup was founded by Paolo Negri and Sascha Konietzke in 2013 when they realized how badly there was a need for a content management system that facilitated the creation of programmable content.? Counted among the top Berlin startups for 2019 for its exemplary funding activities this year, Contentful has taken its CMS beyond the conventional systems and tackled their limitations efficiently. The Berlin based startup has raised $33.5 million from Series D round which was completed in the first week of December 2018. The round was led by Sapphire Ventures and had 6 more investors participating in it.
relayr is an IoT manufacturer helping companies makes the transition from CAPEX to OPEX based systems smoothly. The Berlin based startup was founded in 2013 by Harald Zapp and has recently completed the Series A round of funding. This round has helped the company secure $30 million making it one of the highly funded and top Berlin startups for 2019. relayr completed the Series A round with Deutsche Telekom Capital Partners (DTCP)? at the helm and 12 other participant investors including HSB Ventures and Kleiner Perkins. The company is an important one among the top Berlin startups for 2019 owing to the increasing demand for industrial IoT powerhouses.
Agtech startup infarm has become one of the top Berlin startups for 2019 after completing a notable Series A round of funding. The company raised $25 million in this round from Balderton Capital, making it the most enormous amount the Berlin based startup has secured from all its funding rounds far. infarm is a pioneer indoor farming services company founded by Osnat Michaeli, Erez Galonska and Guy Galonska in 2013. A rightful company among the top Berlin startups for 2019, infarm’s new age farming methods and services were introduced to decrease the time for fresh farm produce to reach consumers. The idea of bringing the indoor vertical farms closer to the consumers in the city has been a hit, and the startup now plans to expand its services in Paris.
Considering Germany?s growth as a vital source of startups in the region and the initiatives the company has rolled out for the ecosystem, it will be exciting to see how these top Berlin startups for 2019 perform.
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