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The Full List of 7 Unicorn Startups in Munich (2026)

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Munich has established itself as a key startup hub in Germany, home to seven unicorn companies. The city's top startups operate in fields like enterprise software, transportation, and finance.

The local scene includes process mining company Celonis, valued at $13 billion. It is joined by HR software platform Personio, which has a valuation of $8.5 billion.

Below is the full list of 7 Munich unicorn startups at this time.

Top 7 Most Valuable Munich Unicorns

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Celonis provides an execution management system that helps companies analyze and improve their core business processes. Their platform uses process mining technology to identify and resolve operational inefficiencies, ultimately boosting performance.

Valuation$13B (Joined June 2018)
Year Founded2011
FoundersAlexander Rinke, Bastian Nominacher, Martin Klenk
Funding Amount$2.4B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries D
Top InvestorsTCV, Accel, Franklin Templeton, Deutsche Bank, Bank of America

Personio builds a comprehensive HR software platform tailored for small and medium-sized enterprises. Their system streamlines people operations, covering the entire employee lifecycle from recruiting to offboarding.

Valuation$8.5B (Joined January 2021)
Year Founded2015
FoundersArseniy Vershinin, Hanno Renner, Ignaz Forstmeier, Jonas Rieke, Roman Schumacher
Funding Amount$724.3M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries E
Top InvestorsLightspeed Venture Partners, Index Ventures, Visionaries Club, Accel, Northzone

FlixBus operates a global mobility platform that connects thousands of destinations with affordable bus and train travel. Their tech-first approach allows them to partner with local transportation companies to manage one of the world's largest intercity travel networks.

Valuation$3B
Year Founded2011
FoundersAndre Schwammlein, Daniel Krauss, Jochen Engert
Funding Amount$1.2B
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusPrivate Equity
Top InvestorsTCV, BlackRock, General Atlantic, Cherry Ventures, European Investment Bank

commercetools created the market-leading composable commerce platform used by B2B and B2C enterprises. Their API-first, headless architecture provides the building blocks for companies to create flexible and unique digital shopping experiences.

Valuation$2B (Joined September 2021)
Year Founded2006
FoundersDenis Werner, Dirk Hoerig
Funding Amount$308.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsAccel, HTGF (High-Tech Gruenderfonds), Insight Partners, Wecken & Cie., Bayern Kapital

Scalable Capital provides a digital investment platform that simplifies trading and wealth management for retail investors. Their service offers access to stocks, ETFs, and crypto, alongside automated tools for building investment portfolios across Europe.

Valuation$2B (Joined June 2021)
Year Founded2014
FoundersAdam French, Erik Podzuweit, Florian Prucker, Patrick Poschl, Stefan Mittnik
Funding Amount€481M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsBlackRock, Tencent, Monk’s Hill Ventures, Balderton Capital, HV Capital

EGYM builds a connected fitness ecosystem for gyms, integrating smart workout equipment with digital management software. Their platform creates personalized training experiences for members while giving operators data-driven tools to run their business.

Valuation$1.2B (Joined September 2024)
Year Founded2011
FoundersFlorian Sauter, Philipp Schlanderer
Funding Amount$609.2M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries G
Top InvestorsL Catterton, NGP Capital, European Investment Bank, HTGF (High-Tech Gruenderfonds), Meritech Capital Partners

Isar Aerospace develops launch vehicles designed to carry small and medium-sized satellites into Earth's orbit. They provide flexible and cost-effective launch solutions for customers needing to deploy satellite constellations.

Valuation$1B
Year Founded2018
FoundersDaniel Metzler, Josef Fleischmann, Markus Brandl
Funding Amount$614.6M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsHV Capital, Earlybird Venture Capital, Vsquared Ventures, Eldridge Industries, Lakestar

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