Frankfurt is an ecosystem that is still in its infancy but still manages to punch above its weight with a growing number of successful startups. Some of the top Frankfurt startups for 2019 have emerged owing to the surge in investments in the region. Quite a few tech startups were in the spotlight in 2018 for the headline-worthy funding rounds they participated and for the promising growth they show.
Frankfurt has all the ingredients for the making of a thriving startup ecosystem – excellent connectivity, wealthy venture capital scenario, an array of incubators and accelerators, and an expat-friendly community. The tech sector in the region has outdone all the startup sectors in the city. Frankfurt is dubbed as the ?Silicon Valley of Europe’, thanks to the soaring tech sector. Here are the ten of the top Frankfurt startups for 2019 from this sector based on the merit of funding received in 2018.
Acellere is a top startup in Frankfurt providing high quality and impactful software products using their flagship platform Gamma. The platform aids software developers in minimizing errors and bugs in the code to ensure smooth integration of the AI component. The Frankfurt based startup was created by Sudarshan Bhide and Vishal Rai in 2009. Till date, the company has completed one round of funding and raised ?2.3 million in it, becoming one of the many highly funded companies and top Frankfurt startup for 2019. Acellere plans to use the funds to develop more advanced AI features and in R&D to capture new markets and offer enhanced features to the existing clients.
Frankfurt based startup, Covomo is an insurtech company that has developed a? unique platform for comparing insurance plans. Covomo was founded by Karl Dieterich in 2015 and has raised ?2.1 million so far. The most recent funding round for this top startup in Frankfurt was a venture series round led by Michael Focking. Covomo had secured ?2 million in this round. This was the largest amount raised by the company to date. One of the top Frankfurt startups for 2019, it will be interesting to see how the company will put these funds to use. Covomo?s platform allows comparison of all kinds of insurance provided by various brands.
Founded in 2015, Giroxx is a payment transfer platform that offers simple and secure transactions for international transfers. This top startup in the fintech segment targets companies that regularly send money overseas and offers several features to ensure that these transactions are conducted only by authorized employees on a secure channel. The Frankfurt based startup has received its first funding of ?900,000 this year. The platform is increasingly becoming popular owing to its easy to use interface and cheaper and safer processes. The company?s debut funding round has alerted the various fintech players in the city who are watching out for any new funding or other developments by Giroxx in the coming years.
Frankfurt based startup CargoSteps is an innovative platform that is helping B2B courier companies track and trace shipments in real time. The company?s growth in its two years of existence and steady performance in funding activities has made it one of the top Frankfurt startups for 2019. The automated backload startup has completed five rounds of funding since its establishment in 2016 by Murat Karakaya, raising total funds worth ?263,000. CargoSteps has grown to become a top startup in Franfurt and partners with the likes of ?Huawei, Volkswagen, and STI Security and Training.
Founded in 2015 by Benedikt Kramer, Philipp Neub, and Roland Claussen, awamo is an emerging Frankfurt based startup in the fintech segment. The startup offers fintech solutions in the areas of lending and credit that is targeted for users at the grass-root level. This top startup from Frankfurt offers its services in the sub-Saharan African regions empowering its users in these markets with access to microfinance services which was not available previously.? Till date, awamo has completed three seed funding rounds; the most recent round was in September 2018 in which the company has raised an undisclosed seven-figure amount from FinLab AG. The new funds make it one of the top Frankfurt startups for 2019 that is expected to bring in the heat owing to the stronger capital backing.
Frankfurt based startup, bettervest is a crowdinvesting platform founded in 2012 by Evgenij Terehov, Marilyn Heib, Patrick Mijnals, and Torsten Schreiber. The platform is exclusively for energy efficiency projects and is the first one in the world to offer such services. The startup made headlines as a growing company joining the ranks of top Frankfurt startups for 2019? after it received an undisclosed amount in investment from Triodos Investment Management. The company has played a significant role in bringing private investors into play in the energy efficiency market.
Innoplexus is a leading data-as-a-service startup in Frankfurt that is one of the top Frankfurt startups for 2019 expected to show remarkable developments in the coming year. The company was founded in 2011 by Gaurav Tripathi and Gunjan Bhardwaj and has been an important catalyst for closing any gaps posing as a hurdle for digital transformation of enterprises. Christian Angermayer, a social entrepreneur and investor, has invested in the Frankfurt based startup in its Series A round. The amount is yet to be disclosed but has definitely elevated the company to one among the top Frankfurt startups for 2019.
Representing the medtech segment in this list of top Frankfurt startups for 2019 is Personal MedSystems, a mobile health services brand. The company’s flagship product – CardioSecur offers instant cardiac monitoring services on smartphones; the apps CardioSecur Pro and CardioSecur Active are popular and has seen as many as 300 downloads in a month. The Frankfurt based startup raised $5 million from its series B round at the beginning of 2017, with total investments amounting till date to $7 million. Series B was led by KPN ventures and saw the participation of NRW. Bank and Sino-German High Tech Fund as well. Personal MedSystems is growing company among the top Frankfurt startups for 2019? and shows a lot of promise as it plans to explore the Dutch markets with the funding received. The company was founded in 2008 by Felix Brand and Marcus Riemenschneider.
CASHLINK is a financial technology company founded in 2016 by Michael Duttlinger, Lars Olsson, Jonas Haag and Niklas Baumstark. The company is headquartered in the Fintech hub of Deutsche B?rse in Frankfurt am Main. The innovative team has one goal in mind: the digitization of tradable start-up shares. With its blockchain-based platform, CASHLINK simplifies the raising of capital for start-ups and creates flexible, easily transferable start-up shares regulated by German law for professional investors in the form of a security token. To this end, the company works with numerous partners, such as the start-up center Startplatz K?ln or the start-up hub Pioniergeist. In addition, CASHLINK supports large customers from the financial sector such as HypoVereinsbank with its cashback program with API white label solutions.
These were some of the top startups in Frankfurt whose funding rounds have kept in the spotlight in the past couple of years. As more and more startups come up in the city, it will be exciting to see whether these companies can uphold their position among the top Frankfurt startups for 2018.
Copyright All Rights Reserved ? HexGn | Please do not copy or use without written permission | www.hexgn.com