Many young tech startups rely on Artificial Intelligence.Matt Cardy / Getty Images
As emerges from the current report of the consulting firm Ernst & Young (EY) “Fast growth beyond borders: Tech start-ups reshaping the economy”, the tech start-up scene in Germany is booming.
The young companies and their innovative ideas are interesting at an early stage, both for national and international investors. From Berlin as the center of the tech scene, the path often leads through the sale to international corporations in the world.
The top companies no longer only include online trading platforms, but increasingly start-ups in the fields of financial technology, mobility, smart logistics, proptech and human resources . An important role in all tech startups is the development of artificial intelligence as a key technology for the economy and society.
For the report, EY examined successful German tech startups and their financing by investors last year.
Here are the top 50 German tech startups
1. AUTO1 Group
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The car dealership Auto1 leads the list. According to the company, the Berlin-based company has earned around 820 million euros in the past two years – in 2018 alone, it was 460 million euros.
2. SoundCloud
SoundCloud
The music networking platform follows with a financing of 415 million euros.
3. About You
The online mail order business for fashion started last year with 266 million euros in financing.
4. Kreditech Holding
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The startup from the financial sector wants to build a digital bank that provides loans to individuals worldwide.
5. GoEuro
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With a platform for comparing and booking travel deals, the company is one of the most successful travel startups in Europe.
6.N26
WAYHOME studio / Shutterstock
The provider for online banking has big plans: With increasing financing he wants to expand. Since October 2018, N26 is already active in the UK market. In the first half of 2019, the launch will follow in the US and Brazil.
7. Auxmoney
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The online lending firm offers peer-to-peer lending relying on Artificial Intelligence.
8. GetYourGuide
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Activities such as guided tours, excursions and tickets can be booked on the platform worldwide .
9. Sunning
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The company produces battery storage for renewable energies and is the market leader in Germany.
10. Frontier Car Group
Reuters
The startup manages multiple platforms for used car trading worldwide.
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