Here are ten Munich startups for 2019 that are poised to achieve new heights, thanks to the investments they attracted in 2018.?This year several companies took part in funding activities with some of them showing signs of exciting development and growth next year.
Munich’s startup scenario is brimming with innovation and is characterized by some rapidly growing startups in the city.? The city is not just a tourist magnet but also an investment magnet attracting investors from around the world to its top-notch entrepreneurial ventures. Munich was also featured as one of the top startup ecosystems in the world in the Global Startup Ecosystem Report 2018, published by the Startup Genome.
Top Munich Startups to Watch out for in 2019
Munich based startup, Celonis is a rapidly growing process mining company that has won several awards for its service since its inception. The venture-backed company completed its Series B round in June 2018 raising $50 million from Accel and 83North at a pre-money valuation of $950 million. With the completion of this round, Celonis has become one of the newest top startups in Munich to join the club of unicorn companies. The enterprise software company was founded by Alexander Rinke, Bastian Nominacher, and Martin Klenk in 2011 and counts brands like Siemens, Vodafone, Airbus and ExxonMobil among its clients. Celonis rose as to become one of the top Munich startups for 2019 after its last funding round which elevated the company to a unicorn and owing to the increasing popularity of its services.
The next company on our list of top Munich startups for 2019 is smart thermostats startup tado?. Co-founded by Christian Deilmann, Johannes Schwarz, and Valentin Sawadski in 2011, tado? is helping tackle energy wastage one smart device at a time. The Munich based startup has developed smart thermostats controllable by apps and compatible with virtual assistants like Google Assistant and Alexa. This top startup has recently introduced a new technology that lets the user turn their air-conditioners into smart devices in Munich. These novel energy saving ideas have helped the company attract funds worth $109.3 million till date. The last funding round amounted at $50 million which was invested by six investors.
NavVis is a notable startup in the indoor spatial intelligence segment and one of the top Munich startups for 2019 poised for phenomenal growth. Founded in 2013 by Felix Reinshagen, Georg Schroth, Robert Huitl, and Sebastian Hilsenbeck, NavVis has $45.6 million investments in its kitty from three rounds of funding. The Munich based startup raised $35.5 million in Series C round in 2018. The investors who participated in the last round include Target Partners, Digital+ Partners (lead investor), Kozo Keikaku Engineering, and BayBG. NavVis is a top startup in Munich trusted by brands like Allianz, Siemens, Audi, and Bosch among the many others.
Munich based startup Magazino has raised $24.8 million in a new funding round from Zalando and Korber AG. It is a robotics startup whose products are designed for making the logistics market more efficient and advanced. Magazino has joined the ranks of the top Munich startups for 2019 after the last round of funding, the proceeds of which will be used for the development and deployment of more warehouse robots. The company seeks to make supply chain management more efficient by deploying these robots alongside humans. Magazino is a top startup in Munich that has caught the attention of investors and potential companies alike. The advanced robotics company has a strong list of brands that would recommend its services including DHL, Zalando, Swisslog, and the BMW group.
Holidu is a soaring travel tech company among the top Munich startups for 2019. Founded in 2014 by Johannes Siebers and Michael Siebers, this startup is an easy-to-use search engine for finding vacation rentals. The Munich based startup has created a comprehensive platform that compares rentals from various websites so that travelers can find the best deal for themselves.? In January 2018, Holidu, now a top startup in Munich raised ?17 million from EQT Ventures (lead investor), Senovo, and Venture Startup. The total funding of the travel tech company now stands at $26.8 million after three funding rounds till date.
Payment gateway technology startup Payworks was co-founded by Christian Deger,? David Bellem, and? Johannes Lechner in 2012 and has become one of the top Munich startups for 2019, thanks to its recent funding round. The company raised $14.5 million in early 2018 from its Series B round of funding. Visa and Commerz Ventures led this round with support from Speedinvest and Finparx. The Munich based startup has developed a cost-efficient point of sale payment technology called Pulse which has become a big hit because of its ability to facilitate contactless transactions. The company’s growing list of partners has got the fintech segment watching out for any future developments that can impact the industry as one of the top Munich startups for 2019.
Founded in 2014, Munich based startup Codasip is a pioneer manufacturer of RISC-V architecture-based embedded processor that has lately completed its Series A round of funding. Series A closed at $10 million making the tech company one of the top Munich startups for 2019 that shows promising growth in many aspects. Codasip has raised $15.3 million so far with Series A bringing home the largest funding amount the company has raised till date. Karel Masarik founded this Munich based startup in 2014 which counts the likes of Microsemi, Rambus, and Mobileye among its customers.
Cluno finds a place among the top Munich startups for 2019 for the propitious year it promises. The automotive ecommerce company is making it easier for people to get access to smart mobility facilities without burning a hole in their pocket. The Munich based startup is a car subscription company that lets users book cars online through their web portal or app in a jiffy. Cluno raised ?7 million from Atlantic Labs and Acton Capital Partners (lead investor) in its Series A round of funding. The company’s innovative services make it a unique venture among the top Munich startups for 2019. The startup was founded by Andreas Schuierer, Christina Maria Polleti, and Nico Polleti in 2016.
FAZUA Munich based startup FAZUA is an e-bike drive maker that recently completed its Series C round of funding. ?6.5 million was raised in this round which was led by Unternehmertum Venture Capital Partners and also featured Bayern Kapital and High-Tech Gr?nderfonds.? One of the top Munich startups for 2019, FAZUA? was founded by Marcus Schlueter in 2011? and has ?9.5 million worth of investments in its kitty. The startup plans to use funds from the Series C funding round to strengthen its market position with an increased focus on product development.
Sono Motors is among the top Munich startups for 2019 that are making an effort to contribute towards cleaner and greener earth with their services. Founded by Laurin Hahn in 2016, Sono Motors is preparing to launch its first electric car, Sion, which will fully offset all kinds of carbon emissions. The novel startup has raised $14 million till date with a majority of it secured through private equity funding rounds.? The last round was in November 2018 when the company held a pre-money valuation of ?110.2 million.
The top Munich startups for 2019 have helped the city?s ecosystem get noticed even more. It will be interesting to watch how the development in each of these companies unfolds with the help of the fresh funds and whether they will receive any new funds in the coming year as well.
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