For entrepreneurs in Germany, it could be an exciting experience to own a company as the country is one of the most vibrant business ecosystems in Europe. Germany has a reputation for fostering talent and innovation. Apparently, it is a breeding ground for founders who are interested in changing the future of tech.
In addition to local talent, Germany is known to attract top international talent as there is a huge concentration of funds pumped into these companies. These reasons have contributed to the progress of the German tech companies leading to a slew of scaleups. Here are the top German scaleups as sourced from Dealroom.
Signavio (Berlin)
Founders: Gero Decker, Torben Schreiter
Funding: €208 million
Valuation: $400 million to € million
Founded year: 2009
Why its hot: This Berlin-based startup’s main product is a business transformation suite that lets customers effectively model, monitor, change, manage, and maintain their business processes. The suite from Signavio lets managers and employees create workflows and model processes that enable them to make better decisions. Back in July this year, this company raised €157 million to fuel international expansion and development of its software suite.
Hydrogenious Technologies (Erlangen)
Founders: Daniel Teichmann, Eberhardt SchlĂĽcker, Peter Wasserscheid, Wolfgang Arlt
Funding: €110 million
Valuation: €68 million to €102 million
Founded year: 2013
Why its hot: Hydrogenious Technologies develops a new tech to store hydrogen in LOHC (Liquid Organic Hydrogen Carriers). Its LOHC technology hydrogen can be stored as well as transported at ambient conditions in conventional fuel infrastructure with high storage density. Unlike conventional hydrogen storage technologies such as liquefied hydrogen or compressed hydrogen, its LOHC is not dangerous. It is non-explosive, non-flammable, and non-toxic.
Celonis (Munich)
Founders: Alexander Rinke, Bastian Nominacher, Martin Klenk
Funding: €70.5 million
Valuation: $1 billion
Founded year: 2011
Why its hot: Celonis operates with a simple mission to analyse the current processes to make the future world more efficient. The B2B scaleup with its headquarters has set a new standard in Big Data Analytics and is designed to help global companies save their precious time and money with improved transparency and efficiency.
Cleverciti Systems (Munich)
Founders: Thomas Hohenacker
Funding: €28,3 million
Valuation: $60 million – $90 million
Founded year: 2014
Why its hot: Cleverciti Systems is one of the leaders in high-tech and comprehensive solutions for on-street and outdoor parking detection, guidance, and monitoring. The company provides organisations with a highly reliable and robust solution, which enables convenience, boosts engagement, and builds loyalty. The company lets customers streamline parking experience, and maximise ROI. Back in 2017, Cleverciti Systems won the EIT Digital Challenge Winner Award.
BrandMaker (Karlsruhe)
Founders: Mirko Holzer, Sven Schäfer
Funding: €27.3 million
Valuation: $120 million to $180 million
Founded year: 2008
Why its hot: BrandMaker supports its clients to transform and grow their businesses with its Marketing Resource Management tech. Its solutions help enterprise and marketing teams by optimising their operations management. Also, BrandMaker enables the delivery of customised marketing content addressing the requirements of customers all through the journey of the customers.
Silexica (Cologne)
Founders: Johannes Emigholz, Maximilian Odendahl, Weihua Sheng
Funding: €25.7 million
Valuation: $72 million to $108 million
Founded year: 2014
Why its hot: Silexica provides software development solutions, which enable tech companies come up with intelligent products, including autonomous cars from scratch to deployment. Its SLX programming tools let developers implement software to efficiently run on embedded supercomputers by providing a deep understanding of how the software operates.
Camunda (Berlin)
Founders: Bernd Ruecker, Jakob Freund
Funding: €25 million
Valuation: €100 million to €150 million
Founded year: 2008
Why its hot: Camunda is a software company, which reinvents workflow automation. It automates the core business processes of its clients to the highest possible extent and let them scale and increase their revenue without increasing their operating costs. Its open-source workflow automation and decision platform offers detailed visibility into business operations, boosts system resilience, and more.
Shore (Munich)
Founders: Alexander Henn, Philip Magoulas, Sebastian Nienaber
Funding: €24.6 million
Valuation: €52 million to €78 million
Founded year: 2012
Why its hot: Shore provides the most efficient software solution for appointments, marketing, and customers. It is easy to use and intelligent as well. Businesses of any type can make their services bookable online, monitor their numbers, and enhance their customer relations. It makes it possible for companies to arrange an appointment with a few clicks even outside their usual business.
Shopgate (Butzbach)
Founders: Andrea Anderheggen, Ortwin Kartmann
Funding: €22.2 million
Valuation: $60 million to $90 million
Founded year: 2009
Why its hot: Shopgate provides a suite of modern commerce solutions, which is designed to activate the vision of retailers and help them drive in-store traffic, create an unparalleled customer experience, and life revenue while reducing the overall cost of ownership. Its commerce solutions are designed specially to suit the custom needs of the retailers.
Spryker Systems (Berlin)
Founders: Alexander Graf, Boris Lokschin
Funding: €20 million
Valuation: $88 million to $132 million
Founded year: 2014
Why its hot: Spryker Systems is a tech company serving e-commerce and customer experience. It has a true passion for technology and innovation. It has developed Spryker Commerce OS, which offers all B2B and B2C functionality that are needed for the customers to grow. The modular commerce operating system lets companies rapidly sustain growth, digitise and remain competitive.
Main image picture credits: Spryker Systems
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