18 Feb German Unicorns
Once upon a time, 12 German Startups became Unicorns.
A “Unicorn” is a privately held startup company valued over 1$billion.
Germany’s count of unicorn startups has been rocketing these past years and we made you a list of the 12 financial mythological creatures.
Personio offers cloud-based HR management and recruiting solutions and software for startups, and small- and medium-sized enterprises.Only five and a half years after its foundation, the start-up is valued at more than $1 billion US dollars and thus joins the small circle of so-called “Unicorns”.
N26 is a German Neobank created in 2015. The German fintech firm said it has raised $300 million from investors in a round of funding — valuing the online lender at $2.7 billion. That not only puts the company among the ranks of Europe’s unicorns, or private start-ups valued at more than $1 billion. It also makes it one of the most valuable unicorns in the continent.
Mambu is a SaaS cloud banking platform. Mambu sells software to banks both big and small to help them develop their own digital banking platforms. The company said its valuation rose to 1.7 billion euros ($2.1 billion) in a 110 million euro funding round. The news comes at a time when digital banking adoption has been accelerated by the coronavirus pandemic.
Sennder is a Berlin-based company, founded in 2015, connecting small to midsized trucking companies with enterprise shippers, aiming to reduce the number of return journeys trucks do empty. The company is now worth more than 1$billon after raising $160m in a Series D round — making it one of the most valuable tech startups in Europe.
Wefox Group is a Berlin-based digital all-in-one insurance solution. Wefox, is disclosing $110 million in a second tranche of Series B funding. Sources tell that this gives the company a pre-money valuation of $1.65 billion.
Lilium is developing a revolutionary on-demand air taxi service that is powered by the all-electric, vertical take-off and landing Lilium Jet. The startupbecame a billion-dollar “unicorn” after raising $35 million from Baillie Gifford & Co., the largest investor in Tesla Inc. after its billionaire owner Elon Musk.
FlixMobility GmbH provides bus transportation services. The Company offers services such as travel tips, night buses, renting, and holiday destination. FlixMobility serves customers in Germany. Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany’s biggest tech funding round to date to back investments in its expansion.
Founded in 2009, GetYourGuide’s online platform allows people to find and book travel experiences. There are more than 50,000 experiences to choose from across 7,500 destinations. The startup, has been backed with $484 million in an investment round led by the $100 billion SoftBank Vision Fund. Total investment in the company is now just over $650 million.
Berlin-based AUTO1 Group was founded in August 2012 to change the way cars are bought and sold. It essentially aims to build a stock exchange for used cars, using technology to seamlessly connect buyers with sellers. AUTO1 Group is venture funded and has raised over $200 million so far from investors. It raised $100 million in early 2015 at a valuation over 1$billion.
Omio, founded in 2013, is a travel app and platform that allows people to find and book trains, buses and flights in one place. Headquartered in Berlin, it has more than 350 employees from 45 different countries, and its most recent funding round in 2018 totalled €134.7 million.
Celonis was founded in 2011 and is based in Munich. The market leader in AI-enhanced Process Mining and Process Excellence software, announced that it has just raised over €261 million in Series C funding, valuing the company at €2.25 billion.
ABOUT YOU is digitalizing the classic shopping stroll by creating an inspiring and personalized shopping experience on the smartphone. The platform is tailoring the site to each customer’s individual style. Heartland A/S, the investment holding company of one of Europe’s largest fashion retail groups, Bestseller A/S, is joining ABOUT YOU as a new investor. The investment is part of a financing round of around USD 300 million valuing ABOUT YOU with over USD 1 billion.