Top Startups To Watch in Germany (2024)

Innovative Ventures Redefining Germany’s Tech Landscape

Germany continues to be a hotbed of innovation and entrepreneurial spirit, producing startups that are making waves locally and globally. In 2024, a new cohort of dynamic companies is emerging, poised to disrupt industries and set new standards in technology, sustainability, and business practices. From fintech pioneers to healthtech innovators, these startups are not only redefining their sectors but are also contributing significantly to Germany's economic growth and technological advancement. Here’s a look at the top startups to watch in Germany this year, each bringing unique solutions and fresh perspectives to the table.

1KOMMA5°

1Komma5° is an innovative electricity company in Germany that offers free electricity to electric vehicle owners, financed through trading GHG quotas. By encouraging a self-determined and CO2-neutral lifestyle, they aim to drive sustainable mobility forward. Founded by Jannik Schall, Micha Grueber, Michael Hinderer, Philip Liesenfeld, and Philipp Schröder, 1Komma5° has secured €502.5M in funding through 7 rounds, with their latest funding coming from a Private Equity round in March 2024.

Blacklane

Blacklane, based in Berlin, Germany, is a leading provider of chauffeur services known for its carbon-neutral vehicles, ensuring sustainable travel experiences since 2017. Co-founded by Jens Wohltorf and Frank Steuer, the company emphasizes safety, sustainability, and stress-free travel, offering a five-star guest experience while prioritizing care for the planet. With $138.6M raised in funding across 11 rounds, including their latest Series F round in September 2023, Blacklane continues to innovate in the transportation industry with its eco-friendly approach.

Circula

Circula, founded by Nikolai Skatchkov, is a cutting-edge automated app designed to streamline expense and employee benefits management, including meal vouchers. Tailored to European tax standards, Circula's mobile and web platforms optimize expense invoicing processes in real-time, delivering a seamless experience for travelers, accountants, and managers. With €16.3M raised in funding across 3 rounds, including their latest Series A round in January 2022, Circula is revolutionizing accounting processes, saving up to 70% in costs.

Cycle

CYCLE, founded by Luis Orsini-Rosenberg and Nikodemus Seilern, offers serviced electric vehicles tailored for last-mile delivery companies and couriers. Through a rapidly growing subscription service, CYCLE ensures thousands of couriers can operate safely, swiftly, and comfortably daily, contributing to reduced CO2 emissions in urban areas. With $29.9M raised in funding across 8 rounds, including their latest Series A round in July 2023, CYCLE is driving innovation in sustainable urban logistics.

Dance

Dance, based in Berlin, Germany, is an e-bike subscription service co-founded by Alexander Ljung, Christian Springub, and Eric Quidenus-Wahlforss. For a monthly fee, users receive an all-inclusive support package covering a state-of-the-art e-bike, maintenance, and theft replacement insurance, with delivery within 24 hours. Aiming to make e-bikes the primary mode of urban transportation, Dance has raised €67.5M in funding across 8 rounds, with the latest round in September 2023.

Dryad Networks

Dryad Networks, founded by Carsten Brinkschulte, is an environmental IoT startup that develops large-scale IoT networks for early wildfire detection and forest monitoring. Using LoRaWAN technology, they help forest owners protect vast and remote areas. With €19.5M raised across 6 rounds, including a Convertible Note round in March 2024, Dryad integrates technology to safeguard natural resources.

Formo

Formo, a German startup founded in 2018 by Britta Winterberg and Raffael Wohlgensinger, specializes in circular systems for recycling elements like silicon, indium, gallium, and lithium. Their innovative approach to extracting precious raw materials from waste has earned them recognition, including the 2022 “KfW Award Gründen.” With six funding rounds totaling $54.3 million, including a Series A round in September 2021 led by Elevat3 Capital and Lowercarbon Capital, Formo demonstrates significant investor confidence. Their dedication to sustainability and resource efficiency is commendable, as they work towards a more environmentally conscious future through their recycling initiatives.

Inne

Inne, founded by Eirini Rapti and based in Berlin, is a biotech startup that creates a hormone-based mini lab for women to facilitate natural contraception and accurate fertility tracking. Utilizing biochemistry and an app, Inne helps women monitor hormones and understand their impact on daily fertility and overall health. The company has raised €17.3M over 4 funding rounds, with the latest Series A round completed in May 2022.

Krankenhaus.de

Krankenhaus, co-founded by Balthasar Von Hohenthal and Lukas Weiss, is an e-health startup operating the Krankenhaus.de portal, which serves as a digital tool to help users find the right clinic. The platform aims to simplify and enhance the process of locating suitable healthcare facilities. Krankenhaus has raised €2M in funding over 2 rounds, with the latest Series A round completed in March 2021.

Nia Health

Nia Health, founded by Dr. Reem Alneebari, Oliver Welter, and Tobias Seidl, develops innovative medical software for personalized patient support through its MedTech platform. Specializing in dermatology and allergology, Nia Health's Digital Therapeutics (DTx) integrate clinical validation with gamification and machine learning to enhance patient engagement and promote health behavior change. The company has raised €3.5M in a Seed round in 2023, to advance its mission of delivering tailored and effective patient experiences.

OCELL

OCELL, a Munich-based climate-tech startup founded by Christian Decher, David Dohmen, and Felix Horvat, uses aerial photography and AI to develop transparent and effective forest climate projects. Managing over 700,000 hectares globally, they create 'digital twins' of forests to optimize growth and carbon storage. OCELL has raised $5M, with their latest Seed round in 2023.

Qdrant

Qdrant, founded by Andre Zayarni and Andrey Vasnetsov, is an open-source vector database written in Rust that powers next-generation AI applications through high-dimensional vector search. It enables the transformation of embeddings and neural network encoders into robust applications for matching, searching, and recommending, available as both an API service and a managed cloud solution. Qdrant has raised $37.8M in funding across 3 rounds, with the latest Series A round completed in 2024.

Rocket Factory Augsburg

Rocket Factory Augsburg (RFA), founded by Jörn Spurmann and Stefan Brieschenk, is a space technology company providing fast and flexible launch solutions for satellite constellations at competitive prices. RFA develops launch vehicles and in-orbit mobility solutions, significantly reducing deployment time for satellite operators. The company has raised $37.3M in funding over 3 rounds, with the latest Grant round completed in 2023.

Softr

Softr, founded by Artur Mkrtchyan and Mariam Hakobyan, offers a no-code platform for building custom websites, web apps, and portals using data from Airtable. With a focus on simplicity and accessibility, Softr empowers non-technical users to create a variety of applications, including client portals, dashboards, and membership apps, with zero learning curve. The company has raised $15.7M in funding across 3 rounds, with the latest Series A round completed in 2022.

Taktile

Taktile, founded by Dr. Maximilian Eber and Maik Taro Wehmeyer in 2020, provides a software platform for businesses to build, run, and evaluate automated decision flows efficiently. With $24.7M raised in funding across 3 rounds, including a Series A round in November 2022, Taktile empowers decision-makers to make data-driven decisions quickly and adapt to dynamic market conditions.

Unchained Robotics

Unchained Robotics is a European-based company specializing in industrial automation, offering standardized solutions through their MalocherBot brand. With €7.7M raised in funding over 3 rounds, including a recent Seed round in November 2023, they provide modular, turnkey automation systems designed for SME factories in industries such as metal, furniture, and electronics. Their LUNA Automation Operating System enables quick setup without coding, while their marketplace offers a range of robotics and automation components from over 90 leading brands.

In 2024, Germany continues to foster a thriving startup ecosystem, with a diverse range of innovative companies making waves across industries. From climate-tech ventures like OCELL and RFA, revolutionizing forest conservation and space access, to e-health startups such as Inne and Nia Health, transforming personalized healthcare solutions, the landscape is rich with pioneering initiatives. Additionally, platforms like Softr and Taktile are democratizing technology, empowering users to build custom solutions with ease. With continued support from investors and a commitment to innovation, these startups are poised to lead the way in shaping Germany's technological and entrepreneurial future.