Germany's VCs hunt for software startups
In a strong start to year, they have invested US$467m across 87 equity deals in German-based firms in Q1
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DESPITE a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital (VC), German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups.
VC firms invested US$467 million across 87 equity deals in German-based startups in Q1, according to data from researcher CB Insights. That compares with US$356 million across 91 deals in Q1 of last year. However, this is down from US$556 million invested in the fourth quarter of 2016, and thanks to a death of big consumer deals, Berlin - Europe's top destination for VC funds in 2015 - fell to fourth place behind London, Paris and Stockholm last year, according to new data from EY.
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