Complete List of Startup Unicorns in Germany in 2023

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What is a startup "unicorn"? The term unicorn refers to a privately held startup company with a value of over $1 billion. Below is a list of the top startup unicorns in Germany, updated for 2023.

wefox

Wefox is a digital insurer focused on personal insurance products. It enables customers, insurance brokers, and insurance providers to transact and manage insurance products digitally.

Details

  • Valuation:
    $
    4.5
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
Volocopter

Volocopter provides Urban Air Mobility in addition to existing transport options. This enables a wide range of users to reach urban destinations faster and more comfortably.

Details

  • Valuation:
    $
    1.87
    Billion
  • City:
    Bruchsal
  • Country:
    Germany
  • Industry:
    Auto & transportation
  • Website:
    Click here
Trade Republic

Trade Republic is a mobile-only and commission-free brokerage platform. The Trade Republic app provides a fast, mobile account opening, intuitive search, filter functions, and a personal timeline, as well as extended trading hours from 7:30 AM to 11:00 PM. It is a direct-to-consumer firm, serving consumers worldwide. It was founded in 2015 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    5.36
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
TIER

TIER is a German urban mobility company that allows people to rent electric kick-scooters.

Details

  • Valuation:
    $
    2
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Travel
  • Website:
    Click here
Taxfix

Taxfix provides a mobile-first tax assistant that leverages a questionnaire and machine learning technology to allow people to make their declaration in a short amount of time. Taxfix was founded in 2016 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
Staffbase

Staffbase enables companies to launch their own intranet app to manage content like corporate news, forms, documents, calendars, shift plans, through an intuitive user interface. The focus is on non-desk workers, home-office employees and others, without direct access to the internal company network.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    Chemnitz
  • Country:
    Germany
  • Industry:
    Internet software & services
  • Website:
    Click here
Solaris

Solaris is a Berlin-based fintech company that offers Banking as a Platform service. solarisBank provides a banking platform that allows mostly digital companies and financial services start-ups to access various banking service modules, which then can be integrated into their processes, websites, or mobile applications. The company was formerly known as Solarisbank and changed its name to Solaris in 2022. The company was founded in 2016 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1.65
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
Sennder

Sennder is a digital road freight forwarder in continental Europe, linking large commercial shippers with small freight carriers.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
SellerX

SellerX buys and builds Amazon businesses and aims to help entrepreneurs.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Scalable Capital

Scalable Capital is full-service online wealth manager for long term systematic wealth creation. It offers intelligent and cost-efficient investment and risk management technology that was commonly only available to large institutional investors.

Details

  • Valuation:
    $
    1.4
    Billion
  • City:
    Munich
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
Razor

Razor is a consumer goods holding company with a strategic focus on focused product categories, long-term value enhancement and customer satisfaction. Razor was founded in 2020 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Consumer & retail
  • Website:
    Click here
Personio

Personio offers cloud-based HR management and recruiting solutions and software for startups and small and medium-sized enterprises. The platform enables its customers to store and manage all employee data and HR processes in one place, including vacation and sick days, approvals, salary, attendance, employee documents, performance, reporting, and employee onboarding. Personio was founded in 2015 and is based in Munich, Germany.

Details

  • Valuation:
    $
    8.5
    Billion
  • City:
    Munich
  • Country:
    Germany
  • Industry:
    Internet software & services
  • Website:
    Click here
Otto Bock HealthCare

Otto Bock HealthCare is a medical technology company specializing in prosthetics and technical orthopaedics.

Details

  • Valuation:
    $
    3.52
    Billion
  • City:
    Duderstadt
  • Country:
    Germany
  • Industry:
    Health
  • Website:
    Click here
Omio

Omio is a travel search platform that allows customers to compare and combine air, rail and bus transport across Europe. It lets travelers search to and from any location, including towns or villages, showing them possible transport combinations based on price, total travel time and convenience, eliminating the need to visit multiple websites to plan an entire trip. Omio was founded in 2013 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Travel
  • Website:
    Click here
NuCom Group

The NuCom Group aggregates a portfolio of investments in order to build an omnichannel platform for consumer services and lifestyle brands in Europe. The Group connects portfolio specialists, measuring comparable KPIs to identify potentials, defining actions and ensuring improvements.

Details

  • Valuation:
    $
    2.2
    Billion
  • City:
    Unterfoehring
  • Country:
    Germany
  • Industry:
    Other
  • Website:
    Click here
N26

N26 is a mobile banking platform, without a branch network, that gives customers a solution to control their finances. Users are able to open an N26 account directly from their phone or computer in an easy, paperless, 5-minute signup process.

Details

  • Valuation:
    $
    9.23
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Fintech
  • Website:
    Click here
InFarm

InFarm is a vertical farming start-up that provides urban communities with the tools to grow fresh local produce indoors. The company combines food technology production and sustainable design to create highly efficient vertical farms in cities.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Other
  • Website:
    Click here
Grover

Grover offers an on-demand subscription alternative to gadget ownership. The company provides consumers and businesses with the option to consume the latest tech on a monthly rental basis with the advantage that they can switch or upgrade at any time, depending on their individual needs. Grover is an advocate of the Circular Economy, contributing to the reduction of technology underutilization and e-waste through product recirculation. It was founded in 2015 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Gorillas

Gorillas is a delivery service that brings everything from groceries to home care. It was founded in 2020 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    3.1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
GetYourGuide

GetYourGuide is a booking platform for travel activities that offers attractions, tours and activities in worldwide destinations. From sightseeing and historical tours to sports activities, museums, and event tickets, GetYourGuide provides an extensive assortment.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Travel
  • Website:
    Click here
Forto

Forto offers forwarding services for sea and air freight as well as rail freight transport built on digitized processes - from booking, communication, data exchange, and document management to supply chain optimization.

Details

  • Valuation:
    $
    2.1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
FlixMobility

FlixMobility is the parent company FlixBus which connects major European cities and towns with its daily scheduled services and its comprehensive long-distance bus network. The mobility provider and its green long distance buses are supported by an international team of employees throughout Munich, Berlin, Paris, Milan and Zagreb as well as bus drivers based all over Europe.

Details

  • Valuation:
    $
    3
    Billion
  • City:
    Munich
  • Country:
    Germany
  • Industry:
    Auto & transportation
  • Website:
    Click here
Flink

Flink provides a mobile commerce platform that allows users to order groceries and have them delivered to their door.

Details

  • Valuation:
    $
    2.85
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Enpal

Enpal is an online platform that aims to increase access to solar power. The firm offers solar systems, power storage and wall boxes at a rate that is supplemented by a low green electricity rate. The firm was founded in 2017 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1.1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Internet software & services
  • Website:
    Click here
Contentful

Contentful powers digital experiences for major brands around the globe. Its content infrastructure provides developers with a set of APIs to manage, integrate, and deliver content to any device or service - be it mobile apps, IoT devices in the home, SaaS products, Super Bowl campaigns, smart car dashboards, digital signage, or VR and AR experiences.

Details

  • Valuation:
    $
    3
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    Internet software & services
  • Website:
    Click here
Choco

Choco allows restaurants to use an app to contact ingredient suppliers in lieu of having to make phone calls and leave voicemails. It features a messenger app that allows chat-style communication between suppliers and restaurants, as well as an ordering list function that makes it easy to scoop up a variety of goods. It was founded in 2018 and is based in Berlin, Germany.

Details

  • Valuation:
    $
    1.2
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Celonis

Celonis offers an Intelligent Business System based on process mining technology. Celonis helps organizations understand and improve operational process flows for business transformation.

Details

  • Valuation:
    $
    11
    Billion
  • City:
    Munich
  • Country:
    Germany
  • Industry:
    Data management & analytics
  • Website:
    Click here
Berlin Brands Group

Berlin Brands Group combines product leadership with online branding expertise to create a broad product portfolio for the modern lifestyle. From its headquarters in Berlin, the owner-managed e-commerce company operates the brand building and distribution in 18 European countries. The company is currently developing brands in the Home & Living, Consumer Electronics, and Sound & Light sectors. Chal-Tec manages the entire value-added chain of product marketing in e-commerce – from production to its own international service center in Berlin.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Berlin
  • Country:
    Germany
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Agile Robots

Agile Robots researches and develops an intelligent robot system. The core products include a 7-degree-of-freedom lightweight arm, a general-purpose robot controller, and a robot vision system. The company has developed a robotic operating system based on core technologies such as force-controlled robotics, machine vision, motion planning, adaptive crawling, human-machine collaboration, simulation learning, and reinforcement learning. Agile Robots was founded in 2018 and is based in Munich, Germany.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Munich
  • Country:
    Germany
  • Industry:
    Hardware
  • Website:
    Click here