Germany's Green Energy Transition Driving VC Investments
Sunfire, Dresden, hydrogen, EUR 315 million
This start-up from the capital of the eastern German state of Saxony was one of the bigger winners, reeling in almost a third of a billion euros in fresh capital. EUR 215 million come from previous and new investors, with a loan from the EU’s European Investment Bank making up the balance. Sunfire makes hydrogen electrolyzers.
Enviria, Frankfurt am Main, solar, USD 200 million
The world’s largest wealth management company Blackrock clearly see a bright future in this German solar energy company and is dramatically increasing its investment. Enviria specializes in rooftop solar systems for commercial buildings. The money will go into some 2000 different projects.
Tubulis, Munich, biotech, EUR 128 million
This young company from the Bavarian enjoyed a welcome capital boost in its series B2 financing round. Founded in 2019, Tubulis focuses on antibody-drug conjugates (ADCs) in the treatment of cancer and other diseases.
Flink, Berlin, delivery service, USD 100 million
The food deliverer from the German capital increased its total venture capital intake to 1.4 billion dollars. Word has it that Flink is currently engaged in merger negotiations with other delivery services from Turkey and the Netherlands.
Solaris, Berlin, fintech, EUR 96 million
This up-and-coming start-up, which describes itself as Europe’s leading embedded finance platform, concluded a successful Series F round by taking in nearly one hundred milloion euros from existing investors. The company intends to put some of the money into guaranteeing the credit card program of Germany’s leading automobile club, ADAC.
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