New Blog
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
2019 Startup Financing Greater Rhine-Main Q1 2019 (85,25 M €)
We are posting on the startup financing in greater Rhine-Main, only a few days after the end of the quarter. This is quite a short time span for the information flow of venture capital deals. It is therefore likely that we will revise the numbers with the next posting, likely end of Q2.
Financing
Venture Capital
So far, we could track seven deals worth at least 85.25 M Euros (M 96 US$, M 73,45 GBP, M 96,18 CHF) in the greater Rhine-Main region. All the deals we became aware of are either venture capital or venture debt.
The most notable deal was worth € 80 m and once again going to BioNTech, in Mainz. An investment by French multinational Sanofi (Link).
Interestingly two deals (Cansativa, Farmako) have been investments in medical cannabis. The field is gathering interest since Germany legalized cannabis as a prescription drug.
Currently, we do not see the former dominance of fintech deals in the region. The other industries were we found investments include blockchain and recruiting.
Outlook
We are looking forward to another exciting year, likely crowned by the IPO of BioNTech at Nasdaq, reportedly worth more than $800m (Link).
We are also aware of several startups in the process of raising funding in several stages of the process. This will bring several funding rounds in fintech.
We are also expecting NDAs with additional funding data for our database.
Keep up to date
You can keep up to date, by following our Blog here, our Twitter account or on Facebook. On the social media channels, we also post on these channels content related to venture funding in the greater Rhine Main Region.
Hashtags to follow
Have a look on Twitter for Frankfurt and the wider Rhein-Main area: #rheinmainrocks, #frmstartupscene #rheinmainstartups #frankfurtvalley or #startupradio
Jörn Menninger for the partners of RhineMain.vc
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