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The 10 biggest funding rounds of 2025

What a year! These 10 Munich startups and scaleups are leading the way in financing rounds in Munich in 2025.

January 23, 2026 3 min reading time

Helsing Blue Ocean
#1 Helsing: The defense startup Helsing demonstrates how Munich-based AI expertise is modernizing Europe's defense – with 600 million euros The tailwind it gathered in 2025 alone.
The Munich-based startup develops AI-based analysis platforms for defense systems and is among the European pioneers in the field of dual-use technologies. (Photo: Helsing)
Quantum Systems

#2 Quantum Systems: Another defense startup from Munich that has caused a sensation with funding in the hundreds of millions. Quantum Systems is making waves with 340 million euros to new heights. The company builds unmanned aerial vehicles for military and civilian applications and is expanding into international markets with the new capital. (Photo: Quantum Systems)
Tubules
#3 TubulesThe startup raised a monumental Series C funding round in October 2025. 308 million euros The initial funding round, later expanded to a total of €344 million, was announced – the largest Series C funding round to date for a European biotech company and the largest for a private ADC developer worldwide. (Photo: Tubulis)
Scalable is now a full-service bank
#4 Scalable CapitalScalable Capital will have raised fresh capital by 2025. 155 million euros It has grown into a full-service bank. The Munich-based fintech startup offers a digital asset management and brokerage platform. With the new capital, the company is accelerating its expansion in Europe. (Image: Scalable Capital)
#5 Isar Aerospace: 150 million euros The Munich-based space startup raised 2025 and is using the funding to prepare for the first commercial launch of its Spectrum rocket. (Photo: Isar Aerospace)
Proxima Fusion
#6 Proxima Fusion: Proxima Fusion aims to 145 million euros Rewriting the energy age. The Munich-based spin-off of the Max Planck Institute is working on a stellarator-based fusion reactor. The goal is a clean, safe energy source for the future. (Photo: Proxima Fusion)
Marvel Fusion
#7 Marvel Fusion: With 113 million euros Marvel Fusion also aims to make the dream of clean energy a reality. Marvel Fusion is pursuing a laser-based nuclear fusion approach and is building a pilot plant in Bavaria. (Photo: Marvel Fusion)
Limehome
# 8 Limehome: Digital hotel management from Munich: Limehome Limehome has secured €75 million for its next expansion phase. The Munich-based startup operates digitally managed designer apartments in European cities and is rapidly expanding into new markets. (Photo: Limehome)
Ftapi Software
#9 Ftapi: The Munich-based software startup Ftapi is collecting 65 million euros Ftapi Software GmbH advocates for greater digital security. The company offers solutions for secure data transmission and document exchange, making it in demand not only in the public sector. (Photo: Ftapi Software GmbH)
Hawk
#10 Hawk AI: The Munich-based startup Hawk AI develops AI-powered anti-money laundering software and is growing rapidly in the international financial sector, aiming to... 56 million euros to the forefront of European RegTechs. (Photo: Hawk)

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