Germany’s VCs Hunt for Software Startups as Berlin Loses Crown
- Venture investing in the country’s startups rose in Q1
- Investors hunt fresh ground in Internet of things, software
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Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups.
Venture capital firms invested $467 million across 87 equity deals in German-based startups in the first quarter, according to data from researcher CB Insights. That compares with $356 million across 91 deals in the first quarter of last year.