Berlin Boosts Funds to Find Next Zalando, Widen Lead Over London
- Alumni of Rocket Internet, Zalando raise significant new funds
- Berlin overtook London as Europe's top VC destination in 2015
BERLIN, GERMANY - SEPTEMBER 10: People watch buildings along the river Spree in downtown Berlin, which are illuminated to celebrate the 20th jubilee of eBay on September 10, 2015 in Berlin, Germany. Swiss born light artist Gerry Hofstetter (not pictured) illuminated several buildings along the river Spree from the Berlin main train station to the East Side Gallery during the evening.
Photographer: Alexander Koerner/Getty ImagesBerlin has already surpassed London as Europe’s top venture capital destination. A pair of VC firms are poised to extend the lead.
The city eclipsed London last year, with 3.1 billion euros pumped ($3.39 billion) into German startups, about five times as much as in 2013. About 70 percent of that total went to companies in Berlin, home of Europe’s biggest startup factory, Rocket Internet SE.