Venture capital investments in Germany and Europe are breaking all records. A Munich-based company is at the top of Europe's investment rankings.
In the third quarter of 2019, European startups secured $9.8 billion in venture capital—the highest ever in three months. A total of $28.76 billion has flowed into Europe, including Israel, since the beginning of the year, according to the latest edition of a quarterly study by KPMG.
Munich company secures lion's share
The management consultancy also identified a record level of venture capital invested in Germany last quarter: $2.29 billion went to German startups.
The lion's share of the sum that venture capital investors invested in German companies last quarter went to a single Munich-based company: Flixmobility, the parent company of Flixbus and Flixtrain, was able to 564 million dollars securing a quarter of all venture capital invested in German startups. This also puts Flixmobility at the forefront of all VC investments across Europe.
Tim Dümichen, Partner at KPMG, expects high venture capital investments in Germany in the future:
"Several industries in Germany are facing economic challenges, especially automotive suppliers and banks. This has recently increased the pressure on companies to review their business models. And this development is certainly a key reason for the high-profile investments in startups in these sectors. I think we can expect some interesting developments here in the future."
Flixmobility among the top 5 in the global investment ranking
Worldwide, $55.7 billion in venture capital was raised in the third quarter of the year. European startups secured roughly one in six venture capital dollars. Startups in the transportation, mobility, and cybersecurity sectors in particular attracted investors. The largest single investment, $785 million, went to the Californian e-cigarette company Juul, followed by the music streaming service Netease Music with $700 million and the ride-hailing service Didi Chuxing with $600 million, both from China. Globally, Flixmobility ranks fourth with its funding round.
