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Business Location Germany

2023 Concludes with Four Big German VC Deals

A quartet of innovative young companies located in Germany scored million-euro financing rounds – here’s our bimonthly review.

Urban Sports Club, Berlin, fitness, EUR 95 million 

The fitness start-up pumped up its financial position with a near-nine-figure investment deal. Urban Sports Club doubled its turnover between 2021 and 2022. It’s currently active in five countries outside Germany and wants to expand further.

Scalable Capital, Munich, fintech, EUR 60 million 

The investment platform and unicorn from the Bavaria capital raked in further capital in Series E funding. The fresh funds came from Britain’s Balderton Capital, a new growth fund from HV Capital and existing investors.

Tacto, Munich, information technology, EUR 50 million

This up-and-coming artificial-intelligence software start-up specializes in making supply chains for medium-sized companies more reliable. It intends to use its capital injection to accelerate product development and further invest in its AI capabilities.

Ecoworks, Berlin, environmentally friendly construction, EUR 40 million

This fledgling firm from the German capital aims to reduce CO2 emissions by renovating buildings to make them more ecological. It focuses on multi-family residences. That impressed investors World Fund, Haniel, KOMPAS VC and ISAI.

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