As the year draws to a close, reports of multimillion-dollar investments are piling up. Since the end of November, Munich-based startups have raised over $125 million. We've compiled a summary of the largest investments of the past few weeks.
In the last weeks of the year, millions of euros rained down on Munich's startups. Egym End of November: The sports tech company raised $20 million in a Series D financing round. The new funds will be used to accelerate international expansion, particularly in the US, and further expand its corporate fitness offerings.
Shortly thereafter, Teleclinic with a financial injection of 7 million euros. The startup aims to use the fresh capital to penetrate the relatively new telemedicine market.
The Munich-based SaaS startup Loyalty Prime is keeping a more reserved approach to its financing round, speaking of "multi-million dollar amounts." Like Egym, the provider of a customer loyalty platform wants to accelerate its US expansion.
45 million for Freeletics, 35 million for Navvis
The travel tech startup Fineway has increased its Series A financing round, raising an additional €6 million in venture capital from investors. Together with the previous funding rounds, the Munich-based startup is now funded with over €16 million.
The largest funding round this month comes from FreeleticsThe Munich-based startup has closed a Series A round with $45 million. The company plans to use the fresh capital to accelerate its international growth.
Also Navvis is a well-known name in the Munich startup scene. The provider of 3D indoor digitization has secured $35.5 million in capital. Navvis intends to use the fresh capital—of course—to accelerate its global expansion.
The Regtech startup Alyne can score points with a prominent investor: the Munich-based company secured 3 million euros from, among others, Carsten Maschmeyer's investment firm Alstin Capital.
Successful seed rounds
1.8 million euros flowed this month from UVC Partners and HW Capital to the Munich startup CapmoThe company digitizes processes in the construction industry.
The Gametech startup Zeuz raises €3 million in seed funding from Vito Ventures and Holtzbrinck Ventures. The Munich-based company provides the infrastructure for multiplayer games for over 50 million players annually in more than 50 countries.
The Munich-based cybersecurity company Drivelock has completed a capital increase of €3 million. The company, headquartered in Munich, maintains offices in San Francisco, Sydney, and Singapore.
10 million for Vitafy
In its first financing round, the Siemens spin-off Metismotion more than one million euros in capital. Metismotion's core technology is highly dynamic, lightweight, and powerful drives—so-called actuators.
Only recently ProSiebenSat1 at the Munich nutrition startup Vitafy The company has now secured an investment of 10 million euros. The money will be used to expand its own brands in online and brick-and-mortar retail.
The construction tech startup Reinvent was able to close a seed round and raise a sum "in the low seven-figure range"—more than one million euros. The startup offers software that digitizes the entire communication process with tradespeople and customers in construction projects.
These investment rounds alone, each with a volume of at least one million euros, total over 125 million euros. It remains to be seen whether the Munich startup scene will be able to maintain the high level seen at the end of the year at the beginning of 2019.
