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Top Unicorns in Germany
- Germany has a well-developed startup ecosystem that is highly conducive to entrepreneurship and new businesses.
- There are plenty of things that make Germany an excellent location for startups, from its convenient location and access to European markets to its skilled and educated workforce and strong government support.
- Germany has seen about 30 companies become unicorns among the 50-odd companies, making it the home of some of the most successful unicorns in the world.
- Celonis is the highest-valued unicorn in Germany at $13 billion. It provides mining software systems that increase productivity and automated management consultancy.
- Personio is the developer of a recruitment and human resource management platform that serves small and medium-sized businesses. It's currently valued at $8.5 billion.
- Trade Republic is the developer of a financial trading platform that is specifically designed for use in free trade in the capital market.
- Mambu is the developer of a banking platform that helps users create, launch and service loan and deposit-related products.
- Grocery delivery service, Flink, is valued at $5 billion, it promises to deliver groceries to customer homes within 10 minutes at supermarket prices.
- Germany's top five unicorns have a valuation of $5 billion or more, which is impressive for any company, let alone privately owned companies.
- The rest of the top 10 unicorns in Germany includes Otto Bock, Contentful, N26, Enpal and Forto.
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