The logo of the Fintech N26 (Number26), seen in the N26 office in Berlin, Germany, August 19, 2016. REUTERS/Axel Schmidt/File Photo
Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an uptick in deals over the first quarter and are on the hunt for software startups.
Venture capital firms invested US$467mil (RM2.05bil) across 87 equity deals in German-based startups in the first quarter, according to data from researcher CB Insights. That compares with US$356mil (RM1.56bil) across 91 deals in the first quarter of last year.
