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From April to June, Munich-based startups raised a total of €745 million in 43 financing rounds. In the same quarter of the previous year, €2.1 billion was raised in 78 financing rounds. However, it is important to note that the ecosystem is undergoing a transformation in the second quarter of 2021. freed from the influence of the Corona crisis, which generated very low investment in the previous 12 months. A direct comparison of the two periods is therefore not very meaningful under these circumstances. However, for all periods considered, no figures are available for some financing rounds, which is why the actual amounts are even higher.
However, a comparison with the previous quarter provides interesting insights. For example, the number of financing rounds has decreased significantly: In Q1 2022, 53 startups managed to raise fresh capital, compared to just 43 in Q2. The last time this few rounds were completed was in Q2 2019.
In addition, more than half of the capital raised in the spring, around 415.5 million euros, was allocated to just three startups, namely Personio (190 million euros), Kinexon (122.5 million euros) and Finn (103 million euros). From January to March 2022, however, there was not a single financing round exceeding 100 million euros.
Average investment volume in the Munich startup scene remains at a high level
Considering all financing rounds below this threshold, the average financing amount in Q2 was around €8.2 million. In the previous quarter, this figure was €8.7 million. While the average value has decreased slightly, considering the average values for all quarters since 2019, Q2 2022 is still in the top third.
The largest share of the €745 million invested in Q2 came from investors in the US. Approximately €316 million, or approximately 43 percent, came from overseas investors. A further 23 percent (€175 million) came from investors in Germany, and €169 million (23 percent) came from other European countries. Funding from Asia (€250,000) played no role in this quarter.
Exits and newly launched funds
Spring 2022 saw a total of 9 exits, the same number as in the same quarter of the previous year and three more than in Q1 2022. Among others, Fazua by Porsche and Reinvent by the GC Group. In addition, Talentry with the French recruiting software provider Cleverconnect and Ciara went with its digital sales assistant to the Swiss sales intelligence startup Unique.
And there was also movement in the fund landscape from April to June. A total of 1.1 billion euros in new funds were launched. Among others, Ananda Impact Ventures 108 million euros for its fourth Core Impact Fund and Cipio Partners Secure 202 million euros for its Fund VIII.
