How many startups are there in Berlin?

There are 4860 startups in Berlin (as of June 2024). In recent years, Berlin has developed into one of the most dynamic hotspots for innovative and tech startups in Europe. The German capital attracts entrepreneurs and innovators from all over the world. Berlin is the top German city for investments in startups.

What are the most important figures and statistics about Berlin Startups?

The 10 most important figures about the Berlin startup scene

"A new start-up is founded in Berlin every 19 hours," says Niclas Vogt, press spokesman for the Startup Association.

• There are 4860 startups in Berlin in 2024
• 468 new startups were founded in 2023 (501 startups in 2022)
• The number of startups founded in Berlin has tripled in the last ten years
• Berlin startups employ over 80,000 people.
• Every fifth start-up (20.8%) in Germany has its headquarters in Berlin
• Of the current 32 German unicorns, 21 have their headquarters in Berlin
• 2.9 billion euros were invested in Berlin companies in 2023 (5.5 billion in 2022)
• The number of insolvencies among German startups rose to 297 in 2023 (180 in 2022)
• Energy, FinTech and food startups are the sectors with the highest financing volume in 2023 with over 1.5 billion euros

What makes Berlin so attractive for startups?

Berlin is known for its creative and open atmosphere, which attracts international talent from various fields. This cultural diversity and openness fosters innovation and creativity, which are essential ingredients for successful startups. The city offers a variety of resources, including incubators, business angels, venture capitalists, world-class universities, numerous coworking spaces and a wide range of networking events and conferences that make it easy for founders to connect and find support.

A strong ecosystem has established itself, which ranks high in Germany and even in Europe.

Another decisive factor is the comparatively low cost of living compared to other European cities such as London or Paris. This makes Berlin particularly attractive for young entrepreneurs starting out with limited capital. The combination of an affordable lifestyle, lively cultural scene and a growing number of investors and venture capitalists has made Berlin a magnet for start-ups.

Which city has the most startups in Germany?

In 2023, 2,500 start-ups were founded in Germany. With 468 start-ups, Berlin is the leader in terms of start-ups.

Across Germany, more than one in five start-ups (20.8 percent) have their headquarters in Berlin. This is followed by North Rhine-Westphalia with 18.7 percent and Bavaria with 13.4 percent. Mecklenburg-Western Pomerania brings up the rear with 0.9% of all start-ups.

Berlin is also number 1 in Germany for investments in start-ups. The 3 cities and federal states with the most investment in start-ups (2023) are

• Berlin with 2.9 billion euros
• Bavaria with 2.6 billion euros
• Hamburg with 846 million euros

Berlin startups secured 36% of the total amount of venture capital invested in 2023. In 2022, Berlin startup companies received almost 50% of all startup investments in Germany (5.5 billion euros).

The list of the largest start-ups in Berlin includes names such as Zalando, Delivery Hero and HelloFresh.

The figures speak for themselves

These figures not only show the city's enormous growth potential, but also its position as the leading startup hub in Europe. Startups in Berlin cover a wide range of sectors, from technology and fintech to healthcare, sustainability and the creative industries.

An interesting example of the diverse services that Berlin startups offer is the growing number of companies in the field of digital marketing services. An SEO agency in Berlin, for example, can be an essential partner for startups looking to improve their online presence and visibility. This type of service is especially crucial in the early stages of a business in order to reach a wide target audience quickly and efficiently.

Support from politicians and investors

The Berlin government has recognized how important startups are for the city's economic development and has therefore launched numerous initiatives to support founders. These include financial support programs, advisory services and specific startup hubs such as the Berlin Startup Stipendium and the Startup Incubator Berlin. These programs offer not only financial support, but also access to mentors, networks and important resources.

Investors have also recognized Berlin's potential. The city attracts a large number of venture capitalists who are willing to invest in innovative and promising startups. In recent years, some of the largest venture capital firms have opened offices in Berlin, making it much easier for founders to access funding. This has helped Berlin startups close significant funding rounds in recent years, which in turn has accelerated the growth and scaling of these companies.

Conclusion: Berlin remains a magnet for founders

In summary, it can be said that Berlin has written an extraordinary success story as a startup hub. With over 3,000 startups in the city and a multitude of supportive initiatives and investors, Berlin remains a magnet for founders and innovators from all over the world.

The combination of a dynamic culture, supportive policies and a strong network of investors and services such as an SEO agency in Berlin makes the German capital an ideal location for startups to grow and thrive. The future looks bright for Berlin startups and the city will continue to play a central role in the European and global startup scene.

Sources

Investments in startups in Berlin - An update - March 2024 - Senate Department for Economics, Energy and Public Enterprises → https://www.berlin.de/sen/web/presse/pressemitteilungen/2024/investitionen-in-startups-in-berlin-i-ein-aktueller-stand_120324.pdf

Startup Heatmap Report 2023; EY Startup Barometer Germany, January 2024