How many startups are there in Europe

The money rain came in September. Infarm collected $ 170 million, the equivalent of 144 million euros, from investors. The start-up from Berlin, founded in 2013, sets up its showcases in supermarkets, restaurants and other locations in cities, in which lettuce and herbs are grown. In the ranking of the largest financing rounds in the start-up barometer of the consulting and auditing company EY, Infarm made it to fifth place. Grover collected even more money, the start-up rents out electronic devices, Tier Mobility with its electric scooters and Lilium with its electrically powered, vertical take-off taxis. The online used car dealer Auto1 Group came in first with 255 million euros. It is now listed on the stock exchange.

Overall, European start-ups collected more money in 2020 than ever before, according to the start-up barometer. The number of deals rose by 58 percent to almost 6,700, the financing volume of 36.5 billion euros was 17 percent above the previous year's figure. In the pandemic, numerous challenges for the economy have become even more obvious, EY partner Thomas Prüver is quoted in the press release on Sunday: "Many start-ups have the right solutions ready. That has made them attractive to investors." Many of the young companies are concerned with "social megatrends" such as digitization, climate and environmental protection or health. Or everything at the same time, at least that's how Infarm describes itself.

Despite Brexit, many investors are looking to the UK

According to the barometer, the top position in Europe was taken by the Italian mobility service provider The Telepass Group, which raised a good billion euros from investors. A large number of young British financial service providers such as Inigo, KI Insurance, Kilter Finance and Revolut landed in the top positions. In a country comparison, Great Britain was able to significantly expand its lead in the Brexit year, the financing volume reached a total of almost 14 billion euros after a good eleven billion euros in the previous year. In 2020, Germany landed in second place with just under 5.3 billion euros, ahead of France with 5.2 billion euros.

So it is almost obvious that the British capital London leads the city ranking in terms of both the number of deals and the volume of financing - ahead of Paris and Berlin. After all, a second German city made it into the top ten with Munich. The British start-up scene is generally much better internationalized than the German one, says consultant Thoma Prüver: "Even Brexit has not changed the fact that many investors from abroad look more closely to Great Britain than to other European countries. Certainly, it is also beneficial the English language contributes to it. " In Great Britain, an ecosystem of start-ups, incubators and donors has formed that consistently focuses on internationalization, said Prüver: "London as an international financial metropolis is a good springboard for this."