In Europe, Berlin is one of the prominent markets for businesses. The capital of Germany is home to numerous startups. The reason is that the city has laid a strong foundation for startups with many expats and entrepreneurs. There are many notable and big names in the fintech, blockchain and other verticals in the startup ecosystem of Berlin.
The past success that has been garnered by the startups and businesses in the city has made it a breeding ground for entrepreneurial skills, investment skills, talent and capital for the next-generation companies. And, this paves way for their growth making them progress into unicorns. Here we have listed Berlin-based startups that are heading to become potential unicorns in the future as sourced from Dealroom.
infarm
Founders: Osnat Michaeli, Erez Galonska, Guy Galonska
Funding: €122 million
Valuation: $400 million – $600 million
Founded Year: 2013
Why its hot: Agritech company infarm is one of the leading urban farming companies in Europe. It has over 50 farms in Berlin and these are located at supermarket aisles, distribution warehouses and restaurant kitchens. This vertical farming company is designed to be flexible letting users build it anywhere as a single farming unit.
Wefox
Founders: Dario Fazlic, Fabian Wesemann, Julian Teicke, Teodoro Martino
Funding: €141 million
Valuation: €440 million – €660 million
Founded Year: 2014
Why its hot: Wefox is an insurtech company, which works with insurance agencies, individuals and brokers via a digital platform. This company facilities simple and personalised consultations for different types of insurance schemes. Wefox is developing its core technology including AI capabilities such as processing claims automatically in real-time.
Raisin
Founders: Frank Freund, Michael Stephan, Tamaz Georgadze
Funding: €180 million
Valuation: €400 million – €600 million
Founded Year: 2013
Why its hot: VC-backed Raisin is a fintech company providing customers simple and direct access to a range of savings and investment products across Europe. Till date, Raisin has over 165,000 customers and over 250 products offered by almost 70 banks on seven if its platforms. The financial marketplace offers access to products at no charge.
Smava
Founders: Alexander Artopé
Funding: €113 million
Valuation: $260 million – $390 million
Founded Year: 2007
Why its hot: Fintech company Smava has built a marketplace for people to search and avail loans. It was initially started as a peer-to-peer loan platform that lets those who want to borrow money connect to those who are willing to give loans. Using big data analytics to access the credit-worthiness of both parties, Smava bypasses banks thereby avoid long wait times and high fees.
FRIDAY
Founders: Florian Eismann
Funding: €114 million
Valuation: €300 million – €450 million
Founded Year: 2017
Why its hot: FRIDAY is an insurtech company and a proud member of the Swiss Baloise Group. It has secured over one million vehicles and operates with the intention to shape the future of insurance. The company connects UX designers, coders, engineers and claim experts.
McMakler
Founders: Felix Jahn, Lukas Pieczonka
Funding: €74.5 million
Valuation: €200 million – €300 million
Founded Year: 2015
Why its hot: McMakler is a full-service real-estate service provider. It combines state-of-the-art digital analytics, communication and marketing technologies with the personal advice of customers. McMakler has become one of the fastest growing real estate brokers in Germany.
solarisBank
Founders: Andreas Bittner, Marko Wenthin
Funding: €95.1 million
Valuation: €226 million – €340 million
Founded Year: 2016
Why its hot: solarisBank possesses a German banking licence and has built an API-accessible banking platform to meet the requirements of the digital economy. SolarisBank platform lets digital businesses create custom solutions as per their unique financial requirements. With its partners, this company works with the vision to boost the growth of the digital economy with its banking services, payment services and add-on services.
Flash
Founders: Lukasz Gadowski
Funding: €55 million
Valuation: €220 million – €300 million
Founded Year: 2018
Why its hot: Flash is an e-scooter service provider, which designs and build vehicles using out-of-the-box solutions. This Berlin-based mobility startup develops both hardware and technology for its e-scooters. Apart from Berlin, it runs limited pilot programs in France, Spain, Italy, Lisbon and Zurich.
Ada Health
Founders: Claire Novorol, Daniel Nathrath, Martin Hirsch
Funding: €60.6 million
Valuation: €160 million – €240 million
Founded Year: 2011
Why its hot: Ada Health operates with the mission to make everyone access personalised care. It offers an AI-powered health platform, which helps millions of users across the world understand their health and also take appropriate care as and when needed. The company’s Artificial Intelligence technology supports decision making and lets payers and healthcare providers deliver quality and effective healthcare.
taxfix
Founders: Lino Teuteberg, Mathis Büchi
Funding: €41.1 million
Valuation: $120 million – $180 million
Founded Year: 2016
Why its hot: Tax declaration mobile app Taxfix supports users all through the tax declaration process. It ensures that users get the most reimbursement. Taxfix does not require users to fill any forms as they just have to answer a set of questions and upload the necessary documents to provide them with the information needed for tax reimbursement.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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