Munich startups have above-average capital requirements: According to a recent Bitkom study, startups from the state capital will need €2.5 million in financing over the next two years. The national average is only €2.2 million.
Hamburg startups are apparently more modest, seeking only €1.9 million, while Berlin startups are seeking a full €3.2 million. According to the study, the capital requirements also depend significantly on the size of the startup: startups with a maximum of three employees require an average of around €700,000 across Germany, startups with four to nine employees require €1.2 million, those with ten to 19 employees require €1.8 million, and startups with 20 or more employees require €6.4 million.
“Financing situation has improved significantly”
Thirty percent of the 250 startup founders surveyed have already secured financing for the next two years. However, the rest are also extremely optimistic: 41 percent consider it very likely, and 44 percent consider it somewhat likely, that they will receive the necessary capital.
"The financing situation for startups in Germany has improved significantly in recent years. However, especially for financing rounds in the single- to double-digit million range — during the growth phase — it is still very difficult to find investors in this country, for example for international expansion,"
says Bitkom Managing Director Niklas Veltkamp.
