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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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Celonis 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 Founded | 2011 |
| Founders | Alexander Rinke, Bastian Nominacher, Martin Klenk |
| Funding Amount | $2.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | TCV, 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 Founded | 2015 |
| Founders | Arseniy Vershinin, Hanno Renner, Ignaz Forstmeier, Jonas Rieke, Roman Schumacher |
| Funding Amount | $724.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Lightspeed 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 Founded | 2011 |
| Founders | Andre Schwammlein, Daniel Krauss, Jochen Engert |
| Funding Amount | $1.2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | TCV, 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 Founded | 2006 |
| Founders | Denis Werner, Dirk Hoerig |
| Funding Amount | $308.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Accel, 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 Founded | 2014 |
| Founders | Adam French, Erik Podzuweit, Florian Prucker, Patrick Poschl, Stefan Mittnik |
| Funding Amount | €481M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | BlackRock, 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 Founded | 2011 |
| Founders | Florian Sauter, Philipp Schlanderer |
| Funding Amount | $609.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series G |
| Top Investors | L 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 Founded | 2018 |
| Founders | Daniel Metzler, Josef Fleischmann, Markus Brandl |
| Funding Amount | $614.6M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | HV Capital, Earlybird Venture Capital, Vsquared Ventures, Eldridge Industries, Lakestar |