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Berlin Ecosystem Launch Report - Thomas J. Ackermann · Berlin Ecosystem launch report | July 2019...
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Berlin Ecosystem Launch Report
JULY 2019
The most complete and detailed picture of Berlin’s tech ecosystem, in partnership with City of Berlin.
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlinPage / 2
3,600+ startups & scaleups
200+ Accelerators, workspaces
800+ funds & corporate investors
3,000+ Funding rounds & exits
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Starting the series with:
1. Overview of Berlin’s startup landscape
2. Update on Berlin’s unicorns and future unicorns
3. Update on investment: is Berlin keeping up with Europe?
Initiating a series of reports about Berlin.
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Berlin’s startup landscape
What type of startups are emerging? How big is Berlin’s startups scene?
1.
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Exited
Current unicorns
Potential future unicorns
Rising stars
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Berlin’s past successes are the breeding ground for talent, entrepreneurial skills, investment skills, and capital needed for the next generation of startups.
1. Berlin’s startup landscape
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Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co. Includes startups that were exited/acquired.
In reality, the startup journey is non-linear, unpredictable, and dependent on level of early traction, funding strategy and operational complexity.
Team size
1. Berlin’s startup landscape
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500
200
50
05 years 10 years 15 years 20 years
Company age
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Database so far contains 3,292 Berlin tech companies founded since 1999, of which 84% founded in the last ten years.
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1. Berlin’s startup landscape
50%
34%
11%5%
0-5 years 6-10 years 11-15 years 16-20 years
48%
36%
14%
2% 1%
2-10 people 11-50 people 51-200 people 201-500
people
500+ people
31%
39%
21%
8%
0-5 years 6-10 years 11-15 years 16-20 years
7%
26%
39%
16%12%
2-10 people 11-50 people 51-200 people 201-500 people 500+ people
Number of startups
Number of jobs
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
48% of startup teams are smaller than 10 people. But 39% of employees are with companies with teams size 51-200.
Number of startups
1. Berlin’s startup landscape
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500+ People 0% 0.2% 0.1% 0.1%
201-500 0.3% 1.2% 0.4% 0.2%
51-200 5% 5% 3% 1%
11-50 18% 12% 4% 2%
2-10 27% 15% 5% 1%
0-5 years2019-2015
6-10 years2014-2010
11-15 years2009-2005
16-20 years2004-2000
0% 5% 7% 0%
2% 10% 3% 2%
12% 14% 9% 4%
12% 9% 3% 2%
4% 2% 1% 0%
0-5 years2019-2015
6-10 years2014-2010
11-15 years2009-2005
16-20 years2004-2000
People working at startups
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
After big successes in online consumer marketplaces, Berlin today has rising stars, across nearly any industry vertical.
1. Berlin’s startup landscape
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$1B+
$500-1B
$250-500M
$0-250M
Artificial Intelligence Fintech IoT & Robotics Enterprise SaaS Mobility Blockchain Marketplaces
Source: Dealroom.co
Investment in Berlin startups is happening across all sectors, in line with Europe. Notable exceptions are health, biotech and energy which have far fewer rounds.
Allocation of capital invested (2017 to 2019 YTD)
1. Berlin’s startup landscape
Allocation by number of rounds (2017 to 2019 YTD)
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15%
14%
13%
8%
6%
5%
4%
4%
3%
3%
2%
2%
2%
2%
2%
1%
19%
12%
3%
1%
17%
8%
5%
2%
10%
2%
2%
0.4%
1%
1%
0.2%
0.0%
20% 15% 10% 5% 0% 5% 10% 15% 20% 25%
Fintech
Enterprise software
Health
Biotech
Transportation
Food
Marketing
Energy
Travel
Fashion
Home
Security
Robotics
Gaming
Telecom
Semiconductors
14%
11%
10%
6%
5%
5%
5%
4%
4%
4%
3%
3%
3%
2%
2%
2%
16%
13%
7%
6%
8%
4%
4%
3%
4%
1%
4%
2%
4%
1%
4%
3%
20% 15% 10% 5% - 5% 10% 15% 20%
Enterprise Software
Fintech
Health
Marketing
Transportation
Food
Media
Energy
Internet of Things
Biotech
Travel
Education
Home
Security
Real Estate
Jobs&Recruitment
Europe Berlin Europe Berlin
Incl. GetYourGuide
Incl. Auto1 Group
Incl. N26
Update on Berlin’s unicorns and future unicorns
How is Berlin performing on global stage?
2.
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Berlin Munich Hamburg Stuttgart Dusseldorf
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Germany counts four cities with two or more unicorns. It’s tech ecosystem is probably more distributed among multiple cities than any other country in Europe.
2. Berlin’s unicorns and future unicorns
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London: 46
Berlin: 11Amsterdam: 7
Munich: 9Paris: 10
Stockholm: 10
Manchester: 5
Oxford: 5
Madrid: 3
Edinburgh: 3
Zurich: 3
Stuttgart: 2
Basel: 2
Hamburg: 3
Bucharest: 2
Helsinki: 2
Vienna: 2
Barcelona: 2
Dublin: 2
Moscow: 2
Cities with two or more unicorns
Cambridge: 5
Unicorns in German cities
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
30 unicorns were created in Germany, of which 11 are from Berlin.
2. Berlin’s unicorns and future unicorns
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Cumulative number of unicorns created by year $1 billion valuation mark is crossed
610
1618 19
29 30
2013 2014 2015 2016 2017 2018 2019 YTD
3 3 4 4 57
11
17 18 19
29 30
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD
Source: Dealroom.co. Israel included for comparison.
In Europe, Germany ranks #2 by number of unicorns.
Cumulative number of unicorns created by year $1 billion valuation is reached
2. Berlin’s unicorns and future unicorns
73 | United Kingdom
Germany
19 | Israel
07 | Spain
15 | Netherlands
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13 | France12 | Sweden
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Berlin ranks #10 globally by number of UnicornsNumber of realised and current unicorns by city
2. Berlin’s unicorns and future unicorns
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211
94
62
46
41
20
17
16
12
11
11
10
10
10
9
Bay Area
Beijing
New York
London
Shanghai
Hangzhou
Seattle
Boston
San Diego
Berlin
Shenzhen
Paris
Houston
Austin
Amsterdam
703
206
73
30
26
19
15
13
12
11
United States
China
United Kingdom
Germany
India
Israel
Netherlands
France
Sweden
Switzerland
Number of realised and current unicorns by country
€ 129B
€ 47B
€ 36B
€ 29B
€ 18B
€ 10B
€ 3B
London
Stockholm
Amsterdam
Berlin
Paris
Helsinki
Barcelona
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co.
By total value created, Berlin ranks “only” as #4 city in Europe behind Stockholm and Amsterdam, due to Spotify and Adyen, two $10 billion+ startups.
Value created since 2013 by country
2. Berlin’s unicorns and future unicorns
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Value created since 2013 by city
Incl Spotify
Incl Adyen
CurrentRealised Future
Supercell
€ 210B
€ 63B
€ 48B
€ 44B
€ 24B
€ 11B
€ 11B
United
Kingdom
Germany
Sweden
Netherlands
France
Spain
Finland
Realised FutureCurrent
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co. 1. Excludes ResearchGate, Enfore, SoundCloud.
By number of potential future unicorns, Germany is falling behind France. Paris now has 50% more potential future unicorns than Berlin.
2. Berlin’s unicorns and future unicorns
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75
34
31
11
11
9
8
7
7
United Kingdom
France
Germany
Sweden
Switzerland
Spain
Ireland
Netherlands
Denmark
Number of “potential future unicorns”: companies valued over $250 million but less than $1 billion
47
25
16
8
8
6
6
4
4
London
Paris
Berlin
Stockholm
Zurich
Dublin
Copenhagen
Barcelona
Amsterdam
Online data for potential future unicorns (1):
Update on capital & investment
Is Berlin keeping up with Europe?
3.
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1.5
2.7
3.7 3.9
6.06.4
0.6
1.9 1.6 1.51.9
2.6
0.7 0.71.4
2.0 2.22.8
0.1 0.3 0.3 0.61.0 0.7
€ 1.9B
€ 3.4B
€ 5.0B€ 5.3B
€ 8.6B
€ 7.9B
€ 1.1B
€ 2.8B€ 3.0B
€ 3.2B
€ 4.5B
€ 1.0B € 1.1B
€ 1.9B
€ 2.8B € 2.7B
€ 3.7B
€ 0.4B€ 0.6B
€ 1.1B€ 1.3B € 1.3B € 1.2B
2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Germany ranks #2 by investment in Europe, but mega rounds have had a relatively large impact.
Venture capital investment
3. Capital & investment
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Top 10 rounds
United Kingdom Germany France Sweden
€4.3BDelivery
Hero IPO
0
100
200
300
400
500
600
2014 2015 2016 2017 2018
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
By number of VC rounds, France has overtaken German for a few years. Paris has nearly twice as many (reported) venture capital rounds as Berlin.
Number of VC rounds over € 2 million by country
3. Capital & investment
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Germany
UK
France
Sweden
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018
Berlin
London
Paris
Stockholm
Number of VC rounds over € 2 million by city
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants.
And if mega-rounds are excluded, Paris has overtaken Berlin by capital invested too (excl. mega-rounds is an indicator for the generation of potential future unicorns).
3. Capital & investment
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€ 0.0B
€ 1.0B
€ 2.0B
€ 3.0B
€ 4.0B
€ 5.0B
€ 6.0B
€ 7.0B
2014 2015 2016 2017 2018 2019E
Amount of VC invested (excl. mega-rounds of €100M+)
Germany
UK
France
Sweden
€ 0.0B
€ 0.5B
€ 1.0B
€ 1.5B
€ 2.0B
€ 2.5B
€ 3.0B
€ 3.5B
2014 2015 2016 2017 2018 2019E
Berlin
London
Paris
Stockholm
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
Investment per capita shows there’s plenty of room for Berlin to grow.Investment per capita per city (2018)
3. Capital & investment
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€ 0.2
€ 2
€ 8
€ 14
€ 17
€ 29
€ 35
€ 36
€ 37
€ 40
€ 44
€ 53
€ 56
€ 79
€ 85
€ 118
€ 129
€ 133
€ 284
€ 380
Turkey
Russia
Italy
Austria
Asia
Spain
Europe (excl. Israel)
Portugal
Netherlands
Belgium
Norway
Germany
France
Denmark
Finland
United Kingdom
Ireland
Sweden
USA
Israel
€ 3
€ 7
€ 18
€ 39
€ 48
€ 93
€ 105
€ 213
€ 267
€ 464
€ 516
€ 531
€ 536
€ 622
€ 700
€ 957
€ 1,113
€ 3,120
Prague
Rome
Moscow
Budapest
Vienna
Brussels
Madrid
Bucharest
Munich
Amsterdam
Copenhagen
London
Barcelona
Berlin
Lisbon
Stockholm
Paris
Tel Aviv
Investment per capita per country (2018)
€1.2B
€2.0B
€2.9B €2.9B
€3.5B
€1.7B
€0.2B
€1.0B€0.9B
€2.6B
€1.5B
€0.1B€0.2B
€0.8B €0.9B
€1.7B
€1.4B
€0.4B
2014 2015 2016 2017 2018 2019
YTD
2014 2015 2016 2017 2018 2019
YTD
2014 2015 2016 2017 2018 2019
YTD
United Kingdom France Germany
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
Source: Dealroom.co
French VC funds have raised €6.4 billion since 2014, which is a bit more than German VC funds, which have raised €5.4 billion.
Capital raised by European VC funds
3. Capital & investment
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UK€14 billion raised
France€6.4 billion raised
Germany€5.4 billion raised
€175MJun 2019
$106MMar 2019
€120MJan 2019
€175MJul 2018
€317mJul 2018
$100MJun 2018
€317mMay 2018
€306mJan 2018
Selected recent German funds raises
You can explore all this data, and more, online now
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
A rapidly expanding network of European ecosystems, powered by Dealroom’s API.
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The most comprehensive source for data on innovative companies and venture capital investment
77% more startup data
than the #2
Number of European rounds tracked in 2018
More data per company to
discover promising companies
Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin
blog.dealroom.co
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Berlin Ecosystem launch report | July 2019 | https://startup-map.berlin