New Kids on the Block: German startups founded in 2024 that raised €1M or more in their debut year

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Germany has long been a hub for innovation and entrepreneurship.

With abundant talent, government support, and a strong economy, the country’s startups are making waves on the global stage.  

2024 has already proven to be a milestone year for various startups.

According to the 2024 Deutscher Startup Monitor (DSM), 74.7 per cent of German startups are now focused on B2B customers, marking a strong shift from consumer-oriented models.

The report shows a growing focus on deep tech and artificial intelligence (AI), with 11.4 per cent of startups working on disruptive technologies like quantum computing, AI, and robotics.

These technologies are making a significant impact in fields like MedTech, energy, and healthcare.

Regionwise, Berlin, and Munich lead the German startup scene, with 19 per cent of startups in Berlin and 17 per cent in Munich.

Other regions, such as North Rhine-Westphalia and Hesse, are also becoming important players.

However, securing funds remains a challenge for many startups, adds the report. As a result, many startups are turning to alternative funding sources such as government grants, business angels, and venture debt.

Despite the competitive landscape and economic uncertainties, several startups secured significant funding within their first year of operation, with many raising over €1M in capital.

Black Forest Labs

Founder/s: Robin Rombach, Patrick Esser, and Andreas Blattmann

Fund raised in 2024: €28M

Black Forest Labs is a generative AI research community that aims to develop and advance state-of-the-art generative deep learning models for various forms of media, such as images and videos, and to push the boundaries of creativity, efficiency, and diversity.

FLUX.1 suite of text-to-image models that define a new state-of-the-art in image detail, prompt adherence, style diversity, and scene complexity for text-to-image synthesis. 

All public FLUX.1 models are based on a hybrid architecture of multimodal and parallel diffusion transformer blocks and scaled to 12B parameters.

STARK Defense

Founder/s: Florian Seibe

Fund raised in 2024: €14M

STARK Defense creates autonomous attack drones for surveillance and reconnaissance. They are developing loitering munitions that can stay in an area until they find and target something. 

This technology helps improve awareness on the battlefield and allows for more precise strikes by defence professionals.

Juna.Ai

Founder/s: Matthias Auf der Mauer and Christian von Hardenberg

Fund raised in 2024: €7.1M

Juna.ai aims to tackle one of the biggest challenges in heavy industries— decarbonising and optimising complex industrial processes.

The company does this by optimising complex manufacturing facilities into intelligent, self-learning systems that operate autonomously.

This will increase production efficiency, reduce energy consumption, and lower our carbon footprint, reflecting our profound commitment to environmental sustainability.

Vidlab7

Founder/s: Fabian Beringer

Fund raised in 2024: €3.5M

VidLab7 is an AI-driven media suite designed to enhance sales processes through personalised video content.

It integrates with major CRM systems, allowing sales teams to produce hyper-personalised videos using either AI-generated content or lifelike avatars.

This approach boosts productivity and improves customer conversion by addressing clients by name, showcasing specific products based on browsing behaviour, and referencing past interactions.

Ubitium

Founder/s:  Hyun Shin Cho and Martin Vorbach,

Fund raised in 2024: €3.5M

Ubitium is developing the universal RISC-V microprocessor. Its mission is to solve computing’s complexity and cost problems and create a future where every device is autonomous. 

Beyond Presence

CEO: Awais Shafique

Fund raised in 2024: €3M

Beyond Presence has developed technology for hyper-realistic avatars that engage in real-time video conversations with human-like interactions.

These avatars offer dynamic, two-way communication, helping businesses provide personalised services like virtual shopping assistants and AI customer support.

Their self-service platform allows businesses to easily create and deploy scalable avatars that integrate into their systems. Supporting multiple languages, these avatars can handle tasks such as customer interactions, educational content delivery, and employee training.

Interloom Technologies

CEO: Fabian Maximilian Jakobi

Fund raised in 2024: €3M

Interloom Technologies provides an AI-driven process automation platform. This tool helps users gather information from different sources and create customized workflows for various business tasks.

By using task mining, vector embeddings, and reinforcement learning, users can identify the best workflow for each scenario.

Enapi

Founder/s: Jakob Kleihues, and Dennis Laumen

Fund raised in 2024: €2.5M

Enapi is a connectivity platform that links EV charge point operators and eMobility service providers to create better charging experiences for drivers.

Enapi observes that technical interoperability between charge point operators and eMobility service providers has many shortcomings. Current solutions are lacking in scalability and often lead to poor data quality, inaccuracy, and transparency. 

Enapi’s platform, which uses the OCPI standard, allows marketplace participants to use its open protocols. It aims to increase community collaboration and elevate the quality of available data. 

feld.energy

CEO: Dr. Adrian Renner

Fund raised in 2024: €1.7M

Feld.energy enables farmers to utilise their land for both agriculture and photovoltaic power generation, allowing them to earn up to €4,000 per hectare. The company’s solution helps farmers boost their income and decrease reliance on conventional energy sources.

SPiNE

Fund raised in 2024: €1.5M

SPiNE is dedicated to the digitalisation of metering and the implementation of smart meter infrastructure.

The company believes that enhancing renewable energy sources and reducing CO2 emissions are essential for Germany’s energy transition. 

SPiNE’s application platform allows for grid-friendly control of consumption devices and efficient management of measurement data. 

With Germany expected to mandate at least 28 million smart meter installations by 2032, SPiNE aims to become a key player in this sector.

The company’s Device Control Center will facilitate the monitoring and management of smart meter gateways, streamlining the rollout process.

Lucid Genomics

Founder/s: Uirá Souto Melo and Hossein Moeinzadeh

Fund raised in 2024: €1.3M

Lucid Genomics has developed advanced machine-learning algorithms that enhance genetic variant detection by focusing on both coding and non-coding regions.

Its comprehensive framework interprets all genetic mutations, offering a more holistic understanding of genetic variations and their impact on human health.

Lucid Genomics will expand its digital healthtech platform by analysing 100 per cent of DNA data to refine genetic mutation identification and provide more accurate insights. 

The initial focus will be on rare genetic diseases, with plans to later expand into cancer diagnostics and related areas.

Alphalink

Founder/s: Marko Bradic and Mohit Tilwani

Fund raised in 2024: €1M

Alphalink is developing a mobile app for cryptocurrency trading for everyday users. The company’s platform lets you seamlessly connect all your wallets and exchanges — into one place. 

Dotplay

Fund raised in 2024: $1

Dotplay enhances mobile game distribution and monetization by offering high-quality gaming experiences directly in mobile browsers. Users can enjoy engaging gameplay without incurring significant fees, benefit from lower user acquisition costs, and easily share games through a single link.

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Vigneshwar Ravichandran

Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena. He graduated with a Bachelor's degree in Electronics and Instrumentation in Chennai and a Diploma in Broadcasting Journalism in New Delhi.

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