18. May 2016–
Berlin's biggest startups based on funding
There are countless startups in Berlin but not all are created equal. Some are brand new, composed of small and passionate teams. Others, like the ones below, are far out of their seed stages, have completed several successful rounds of funding and have big teams and offices behind them. They were started in Berlin and many of them are expanding in Europe and overseas.
We picked out the Berlin companies (based on total funding value in September 2015) on the top 30 list of Germany's biggest startups by Honeypot and arranged them by industry. As you can see, three of the ten are food startups. Two are in the retail-space, while the others are distributed across industries like automotive and music. Almost all involve using tech and digitalization to streamline historically hard-to-access industries like auctions and investment management.
Now the question still remains: who will get the most funding in 2016?
foodpanda - foodpanda focuses on emerging markets and is one of the leading online food delivery services. Founded in 2012, it is active in over 500 cities around the world. It also has a team of over 3,700 people.
DeliveryHero – Founded in 2011, DeliveryHero has raised a massive 1 billion euro to “provide people with the easiest way to their food”. It’s also the “largest food network in the world” operating in all five continents. The Berlin office has over 400 people.
HelloFresh – HelloFresh delivers boxes of measured ingredients to your door with a recipe included. The meals are designed to be easy to make but delicious, saving people time and energy. In September 2015 it raised a Series F round of funding to continue to expand.
SoundCloud – Whether you’re German or not, you’ve heard of Soundcloud. Started in 2007 by two sound designers, the website attracts over 175 million unique monthly listeners, though still struggles with profit. Soundcloud Pulse, an app dedicated to music creators, is now also available.
Funding Circle - Zencap, recently merged with the UK company Funding Circle, offers peer-to-peer lending. Individual people can invest in small or medium-sized businesses. As of April 2016 the return rate was said to be 7.1% after fees and bad debts for investments in the UK.
Home 24 – Home24 is Europe’s largest online furniture store and is amongst the top 20 fastest growing European e-commerce companies. It has a valuation of over 1 billion dollars – not bad for a company that started in 2012.
Mister Spex – Founded in 2007, this start-up has been around for a while. MisterSpex is a mail-order business for eyeglasses and contact lenses and has rapidly taken over the European market.
Auctionata - Formed in 2012, Auctionata is Germany's biggest online auction house. It has headquarters in Berlin and New York and makes the antiquated auction industry faster and more easily accessible by using livestream auctions. From wine to classic cars, you can get it faster with Auctionata.
Auto1 - Founded in 2012, Auto1 combines the auto and tech industries. They connect buyers and sellers to make trades seamlessly. They sell cars without commission, minimum purchase quantities or other fees. It speeds up the process and has over 1000 new cars uploaded per day.
Wimdu - Wimdu offers over 300,000 properties around the world for rental. You can also rent out your own place. While not quite as big as Airbnb, Wimdu has over 1 million registered users and $90,000,000 in financing, making it a key player on the international scene.
Images: Honeypot, Creative Commons, HelloFresh, Auctionata