Germany's Deutschlandfonds Supports Startup Ecosystem Growth
The German government establishes a 30 billion euro fund to accelerate investments in startups, green energy, and technology. Meanwhile, established companies expand through strategic acquisitions and new investment funds emerge.
Germany's government launched the Deutschlandfonds, a 30 billion euro fund designed to boost venture capital and support climate-friendly technology startups. The fund aims to mobilize private investment alongside government resources.
Munich-based Quantum Systems is expanding aggressively through acquisitions including Fernride, Spleenlab, AirRobot, and EFT Mobility to strengthen its defense and autonomous systems capabilities. Belgian investor Fortino Capital unveiled its third private equity fund worth 700 million euros, targeting B2B SaaS companies across the DACH region.
Ecosia, a sustainable search engine, has achieved significant impact with 245 million trees planted, 20 million users, and 7.9 million euros in profit during 2023. Jeannette zu Fürstenberg, European head of General Catalyst, manages approximately one billion dollars in annual investments and is recognized for connecting influential business and political leaders.
This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.