Do you ever wonder which startups in Munich are set to make the biggest impact?
The startup world might seem overwhelming, especially when there are so many promising companies.
Thankfully, Dealroom has compiled a data-oriented list of the top 100 startups to watch in the Munich area.
These companies stand out not because they are the “best” in every field, but because they are growing fast, attracting investors, and have innovative teams.
This list gives you a sneak peek into the companies shaping the future of Munich’s tech scene.
Top things you should know about startups in Munich
Before we show you the top players, it’s worth noting a few things first.
So here are the essential details to know about startups in Munich:
Second best in Germany
Munich ranks as the second-best startup ecosystem in Germany and holds 7th place in Western Europe. It’s a vibrant hub, known for its innovation, especially in industries like transportation, software, and foodtech.
Strong industrial support
Munich benefits from Bavaria’s powerful industrial economy. Big names like Siemens, Allianz, Audi, and BMW are based here, making it an ideal location for B2B startups.
Focused on deep tech
The startup ecosystem is tech-driven, with a lot of focus on artificial intelligence, manufacturing, and mobility. There’s less emphasis on small talk and more on building strong ideas.
Public and private support
Startups receive ample support from organizations like BayStartup, Gründerland Bayern, and numerous corporate accelerators like BMW’s Startup Garage and Wayra.
Top events and conferences
Munich hosts key industry events, such as Bits & Pretzels, Productronica, and Electronica, which make it easy for startups to network and grow within the ecosystem.
German startups – a brief overview
Global Startup Ecosystem Report: Insights on Germany
Top 20 startups in Munich in 2024
These companies span various industries, from fintech to health tech and sustainable development:
#1 FreewayCamper
A modern camper rental platform that gives customers easy access to book campers directly. Launched in 2019, FreewayCamper focuses on convenience and outdoor travel. With a valuation of $66-99 million and $16.5 million in funding, it has seen impressive growth with over 200,000 web visits.
Key information:
- woman founder
- B2C
- marketplace & ecommerce revenue model
#2 Dock Financial
Specializing in Banking-as-a-Service (BaaS), Dock Financial is a cloud-based platform designed for businesses aiming to grow efficiently. Founded in 2022, it has raised $26 million in funding and focuses on fintech services like payments and lending.
Key information:
- B2B
- fintech
- banking & payments
#3 XO Life
XO Life gathers real-world medical data to assess the safety and effectiveness of treatments based on patient insights. Founded in 2018, this health platform has secured $12.2 million in funding and has grown by 24% over the past year.
Key information:
- B2B & B2C
- marketplace & ecommerce revenue model
- biotechnology, pharmaceutical, health platform
#4 hakuna
Established in 2021, hakuna provides embedded insurance solutions for e-commerce businesses. It has raised $6.1 million in funding and aims to make online insurance integration seamless for companies.
Key information:
- B2B
- marketing
- enterprise software
Check this out:
German insurance market overview
#5 Zavvy
Zavvy simplifies the process of employee onboarding and training. Founded in 2021, it has raised $20 million and offers a user-friendly platform that focuses on the employee journey from start to development.
Key information:
- B2B
- education
- learning resources and tools
#6 Helsing
Helsing uses artificial intelligence to support democracy through defense and security technologies. With a valuation between $2-3 billion, this startup, founded in 2021, is positioned as a leader in the deep tech space, raising $838 million so far.
Key information:
- B2B
- AI & deep tech
- public security
#7 Mantaro Brands
Mantaro Brands helps e-commerce businesses scale by buying and operating their operations. Founded in 2021, this startup has grown quickly, focusing on building efficient and profitable online retail businesses.
Key information:
- B2B
- ecommerce marketplace aggregators
- marketplace & ecommerce
#8 enna
Enna creates digital solutions for people who have difficulty using smartphones and tablets. Founded in 2020, it offers tools that help these users connect digitally. It has raised $1.7 million in seed funding.
Key information:
- B2C
- hard tech
- health
#9 CargoKite
CargoKite develops innovative micro cargo ships for flexible maritime logistics. This deep tech startup, founded in 2022, focuses on sustainable shipping solutions and flexible transport across global waters.
Key information:
- B2B & B2C
- manufacturing & transportation
- deep tech
Top logistics companies in Germany
All you need to know about logistics in Germany
#10 Tanso
Tanso supports industrial companies in achieving their sustainability goals with energy-efficient software solutions. Founded in 2021, the company has raised $9.1 million in seed funding.
Key information:
- B2B
- woman founder
- responsible production & consumption, climate action
Check this out:
Sustainability and supply chains in Ecommerce
#11 Hopper Mobility
Hopper Mobility, based in Augsburg, develops innovative urban mobility solutions. Founded in 2021, it focuses on environmentally friendly vehicles and has raised $2.5 million in funding.
Key information:
- hard tech
- horizon Europe
- manufacturing
#12 onyo
Onyo is a digital platform aimed at increasing compliance and employee satisfaction in the hybrid working era. Founded in 2021, it helps businesses manage communication and collaboration.
Key information:
- B2B
- woman founder
- employee benefits
#13 DeepDrive
DeepDrive is revolutionizing electric mobility with advanced electric motors. Since its founding in 2021, it has raised $54.2 million and is a key player in vehicle production and manufacturing.
Key information:
- B2B
- high tech
- horizon Europe
#14 Planet A Foods
Planet A Foods is pioneering the world’s first 100% cocoa-free chocolate, focusing on sustainable food production. Founded in 2021, the company has raised $21.5 million and aims to change the way we think about chocolate.
Key information:
- B2B
- hard tech in biotechnology
- innovative food
Check this out:
#15 RobCo
RobCo provides adaptable and connected full-stack robotic automation solutions for small and medium-sized businesses. Since 2013, the company has raised $56.8 million and is known for its modular hardware kits.
Key information:
- B2B
- AI & hardware
- deep tech
#16 Plan4Better
Plan4Better is dedicated to creating sustainable cities through its urban planning tool, GOAT. Founded in 2021, this software helps municipalities and companies build greener, more efficient cities.
Key information:
- woman founder
- sustainable development goals & big data
- B2B
#17 truckoo
Truckoo connects dealers and repair shops with a reliable purchasing network. Founded in 2019, it focuses on the transportation sector and has raised $1.7 million in funding.
Key information:
- B2B
- transportation
- woman founder
#18 Insempra
Insempra leverages biology to help businesses develop natural-based products. Founded in 2021, this beauty and wellness startup has raised $36.7 million and is at the forefront of sustainable product innovation.
Key information:
- B2B
- chemicals
- deep tech
Check this out:
Top beauty brands in the DACH region
#19 Edurino
Edurino develops educational tools with a digital twist, making learning more interactive for children. Since its founding in 2021, the startup has raised $15.2 million and continues to grow in the edtech space.
Key information:
- B2C
- gaming
- woman founder
#20 Tidely
Tidely helps startups and SMEs manage their cash flow with smart liquidity management solutions. Founded in 2021, it has raised $5.2 million and is growing steadily, helping businesses stay financially organized.
Key information:
- B2B
- financial management solutions
- cash management
Find out more about these and more (100 in total!) startups in Munich here.
Wrap up
Munich’s startup ecosystem is vibrant and diverse, with companies making waves across various industries. From fintech to sustainability and deep tech, these startups are pushing boundaries and driving innovation.
With strong industrial support, public and private backing, and key events that support growth, Munich is the perfect environment for startups to succeed.
The top 20 startups listed here are just a glimpse of the potential in this city, each contributing to Munich’s reputation as a hub for cutting-edge ideas and technological advancements.
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