10 German tech unicorns to follow in 2020
According to the Startup Ecosystem Rankings 2020, Germany is on the 5th place throughout 100 the most technologically advanced countries globally. It is the highest ranking national ecosystem in the EU following Brexit. Germany is notable for its tradition of producing global scale high quality corporations, but also for the diversity of the newest tech unicorns.
Silicon Canals selected 10 most valuable startups that are redefining the future of the German tech ecosystem. AIN.TECH publishes the abridged version.
Founded: In 2009 by Jochen Mattes, Johannes Reck, Martin Sieber, Pascal Mathis, Tao Tao, Tobias Rein
Total funding: €595 million
Valuation: €1.6 billion
GetYourGuide is an online marketplace and internet booking engine for travel experiences. The company is on a mission to transform ordinary trips into extraordinary experiences by turning customers’ travel dreams into reality.
Founded: In 2015 by Julian Teicke
Total funding: €241 million
The Berlin-based insurtech startup Wefox functions with brokers, insurance agencies, and individuals via a digital platform. The company facilitates simple and personalised consultations for different types of insurance.
Founded: In 2013 by Valentin Stalf, Maximilian Tayenthal
Total funding: €621 million
Valuation: €2.95 billion
N26 was founded with the intention to change the future of banking and make it fast, digital, and easy to use for people all over the world. With its widespread success in Europe, N26 is focused on overseas expansion with the US being its priority.
Founded: In 2011 by Bastian Nominacher, Alexander Rinke, Martin Klenk
Funding: €334 million
Valuation: €2.25 billion
Celonis is one of the market leaders in AI-enhanced process mining and process excellence software. The company delivers business value by letting companies discover inefficiencies across a range of operational functions. It also intends to improve business processes in real-time and monitor them continually to enhance optimal performance.
Founded: In 2012 by Naren Shaam
Total funding: €269 million
Berlin-based Omio is a multi-modal travel booking platform. With this platform, users can compare prices, schedules, duration, and other variables for several routes in both markets at-a-glance. At present, Omio is available in 21 languages and attracts an average of 27 million users per month from more than 120 countries.
Founded: In 2014 by Sebastian Betz, Tarek Muller
Funding: €273 million
Hamburg-based About You is one of the fastest growing e-commerce companies that offers a personalised shopping experience on your smartphone. The platform tailors to each customer’s individual style with its collection of over 150,000 products from over 1,000 brands. After securing nearly €265 million funding in 2018, About You attained the unicorn status.
Founded: In 2011 by Tim Sievers
Total funding: €171 million
Deposit Solutions is the provider of the Open Banking platform for deposits connecting banks and depositors across Europe. Its mission is to establish open banking as the new industry standard for the deposits business. Open banking platform lets banks offer attractive third-party deposit products to their customers.
Founded: In 2000 by Ingmar Hoerr, Florian von der Mulbe
Total funding: €309 million
CureVac is a clinical stage biotechnology company in the field of messenger RNA (mRNA) technology with 20 years of expertise in developing and optimising this versatile molecule for medical purposes. The company applies its technologies for the development of cancer therapies, antibody therapies, the treatment of rare diseases, and prophylactic vaccines.
Founded: In 1999 by Henrich Blase
Valuation: €1.5 billion
CHECK24 offers private customers free comparisons in the areas of insurance, energy, finance, telecommunications, travel and shopping. It creates transparency that pays off for our customers directly through affordable tariffs and prices.
Founded: In 2007 by Franz Fuchsberger, Wolfgang Platz
Total funding: €150 million
Tricentis helps enterprise development teams automate software testing via its product Tricentis Tosca. The platform enables enterprises to accelerate their digital transformation by increasing software release speed, improving software quality, and reducing costs.