All data on the Munich startup scene in this article comes from our Data & Insights DashboardIf you want to learn more, you can also search the database for further insights on Female Founders. For ease of use, we have added a Guide as well as Tutorial videos created that explain the most important functions.
Together with Plant1, One Mission, UnternehmerTUM and Dealroom, Munich Startup has created the first data-based overview of Startups (co-)founded by women in Munich It shows in which industries female founders are particularly active and how much capital has been invested in their startups.
In total, there are 165 startups in the Munich startup ecosystem that were founded solely by women or jointly by women and men. The majority of them (33 startups) operate in the health sector, including many startups well-known outside the industry, such as Climedo Health, Kumovis, and Inveox. Together, these young companies have raised €123 million in funding to date. This is not surprising, however, because Female Founders Monitor has already shown that at 16.7 percent, most women found teams in the field of medicine and healthcare.
Healthtech, Enterprise Software and Fashion
Female founders are also strongly represented in other industries: In the enterprise software sector, for example, there are 15 startups (co-)founded by women. The companies behind Usercentrics have already raised a total of €49 million in funding. The fashion sector also boasts 14 female-founded startups. The cumulative funding value here is €8 million. The transportation sector is also not to be overlooked. The 13 startups in this sector have raised a total of €159 million – the majority of which, however, goes to Sono Motors.
The female-founded startup in Munich with the highest valuation is Scalable Capital, currently valued at €418 million according to Munich Startup Insights. Global Savings Group follows in second place with a valuation of €300 million, and Sono Motors is third, valued at €250 million. Of the 165 startups, seven have already been acquired, as recently reported. ClunoIn addition, two Munich startups founded by women, Westwing and Windeln.de, have already gone public.
Female founders are rare in Munich
If you compare the Munich startupecosystem However, when compared to other cities – or even the national average – it becomes clear that there is still a lot of catching up to do. In the state capital, 165 of 1,510 startups have a woman on their founding team, which is only 10.9 percent. According to the study, the proportion of female founders nationwide was KfW The average for the years 2016–2018 was 19 percent. And the figures for 2019 show: Bremen has the most startups with at least one woman on the management board (20 percent), Berlin has 16.7 percent, and Bavaria as a whole still has 13.1 percent. Saarland brings up the rear with 9.1 percent.
