Munich, the third-largest city in Germany is one of the leading and well-established tech hubs in Europe. With nine tech unicorns and ten potential unicorns, it is the fourth European city based on unicorns. When it comes to Germany, it is next to Berlin with nearly as many unicorns (privately held startups valued over $1 billion).
Leading Munich-based tech startups
When it comes to the tech ecosystem in Munich, it is flourishing with more and more tech startups, investors, and talent that are needed for a thriving and healthy ecosystem. What’s interesting is that this city has rising stars across almost any industry vertical including mobility, fintech, enterprise software, and more.
Having said that, here is a list of Munich-based tech startups that are making a buzz in 2020 as sourced from a Dealroom report. Do give it a read!
Founder/s: Josef Vollmayr, Lars Stabe
Founded year: 2018
Funding: €26.2 million
Munich-based hospitality startup Limehome leads the digital revolution in this industry. Its apartments are on par with premium four-star hotels and provide customers with a lot of benefits. There are interior designers and hospitality professionals and access systems that are completely digital. In addition to these facilities, guests can experience much more than a hotel room at a comparable price range. Initially, guests can make their booking either via the official website or well-known booking platform and experience streamlined online activities.
Founder/s: Johannes Siebers, Michael Siebers
Founded year: 2014
Funding: €45.8 million
Holidu is a global price comparison platform that lets people find, compare and book vacation rentals all over the world. Since its debut, this startup has become one of the fastest-growing global travel companies. The search engine for holiday rentals is active in 21 markets and serves over 10 million visitors each month. Holidu’s proprietary image recognition technology compares the prices of over 15 million rental properties from across 600 websites including popular ones such as Booking.com and Airbnb and lets users save substantially on the same.
Founder/s: Max-Josef Meier
Founded year: 2019
Funding: €8.8 million
Finn.auto works with the mission to make mobility fun and sustainable. The company intends to help everyone who loves to drive their own car but refuses to face the struggle, commitment, and intransparent costs involved in owning a car. This is possible with Finn.auto’s all-inclusive car subscription service that provides transparent and fair return conditions. Users can get maximum flexibility as they can change or cancel their cars at any given time.
Founder/s: Nico Polleti, Christina Maria Polleti, Andreas Schuierer
Founded year: 2017
Funding: €32.5 million
Munich-based Cluno is also dubbed the Netflix of car subscriptions as it makes the cumbersome process simple. With this platform, users can book a car online for a fixed monthly cost including vehicle tax, warranty, registration, wear and tear, maintenance, etc. except for refuelling. You will have to pay additionally only for refuelling the car. You can book a car via the Cluno app or website and return or switch the same after a minimum period of six months with three months of notice.
Founder/s: Mischa Rurup
Founded year: 2017
Funding: €3.4 million
Usercentrics is a leading enterprise consent management platform (CMP) that empowers companies to obtain, manage and document the consent of their users across platforms. The company aims to create a new infrastructure for user consent across various data architectures. Usercentrics’ software enables users (enterprises, agencies, and publishers) to gather, manage, and legally document their content before processing the data.
Founder/s: Anselm Bauer, Benjamin Guenther, Sebastian Schuon
Founded year: 2018
Funding: €9.5 million
Alasco optimises the finances and duration of construction projects through the digital networking of all parties involved. It supports project developers and controllers via automated workflows and the availability of financial data within a central information source. With the same, Alasco increases the productivity of all participants and reduces the probability of errors, enables faster decision-making and ensures comprehensive transparency.
Founder/s: Florian Petit, Mathias Muller, Rolf Wojtech
Founded year: 2017
Funding: €10.9 million
Munich-based Blickfeld is a provider of cutting-edge LiDAR technology for autonomous mobility and IoT applications. The company has developed its proprietary LiDAR technology based on patented silicon MEMS mirrors and commercial off-the-shelf components. Notably, the LiDAR sensors are designed to measure direct distance information in 3D. The Blickfeld LiDAR product meets the highest performance requirements at the cost and size needed for mass-market adoption.
Founder/s: Felix Reinshagen, Georg Schroth, Robert Huitl, Sebastian Hilsenbeck
Founded year: 2013
Funding: €41.3 million
NavVis is a global market leader in digital twin technology. It is touted to be the world’s largest indoor data platform that has attained a remarkable achievement. The indoor spatial intelligence technology and solutions from NavVis that are meant for enterprises are trusted by leading companies such as Audi, BMW, Skoda, Daimler, and Allianz. It lets enterprises drive efficiencies and optimise business performance with its efficient digital twin platform.
Main image picture credits: Blickfeld