Geographies/Germany/2021

Germany startup funding in 2021

European tech funding raised by Germany startups during 2021.

In 2021, 702 startups in Germany raised a combined €23B across 780 funding rounds. Software was the most active sector, and HV Capital was the most active investor. Data as of 21 Aug 2026.

Total funding

€23B

disclosed, € normalized

Funding rounds

780

Companies

702

Top sector

Software

Break down 2021 by period

Half-year

H1 H2

Quarters

Q1 Q2 Q3 Q4

Months

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Rank in Europe

18.9% of European funding

Debt financing

€3.8B

16.6% of total

Top-10 round share

34.5%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top sectors

by € raised

Top deals

largest disclosed rounds in 2021

Company	Stage	Date	Amount
Delivery Hero	Debt	Sep 2021	€1.3B
Gorillas	Series C	Oct 2021	€858M
Grover	Debt	Jul 2021	€847M
Celonis	Series D+	Jun 2021

View all 780 Germany deals in 2021 →

Top investors

most active in 2021, by deal count

← All-time Germany funding

Exits & M&A

162 Acquisition · 7 Merger · 5 IPO · 2 Buyout

177 exits · €12B disclosed.

Dialog Semiconductor	Acquisition	Feb 2021	€4.9B
Zooplus	Acquisition	Sep 2021	€3.3B
Hillebrand	Acquisition	Aug 2021	€1.5B
Adjust	Acquisition	Feb 2021	€836M
Fyber	Acquisition	Mar 2021	€502M
HomeToGo	IPO	Sep 2021	€250M