In H1 2018, Startups in Rhine-Main raised more than 70 million Euros (85+ mn USD) — Founder Interview
- Juan Diego Parra Castillo
- a few seconds ago
- 4 min read
Updated: 19 hours ago
€70M raised in Frankfurt & Rhine-Main area in H1 2018. Expecting to crack €100M with VC, Fintech, and ICO investments.
What Is This About?
In the first half of 2018, startups in the Frankfurt/Rhine-Main region raised over €70 million through venture capital, angel investments, and ICOs. This marked a turning point for the region, signaling its emergence as a serious alternative to Berlin for startup funding in Germany.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
2018 marks the first year we are covering completely with our initiative.
The largest block we have been tracking contains traditional venture capital, either invested by funds or individuals (Business Angels).
The instrument of an ICO was introduced to Rhine-Main on a large scale by the fintech savedroid, which reportedly raised at least 35 mn Euros (depending on sources much more) with their ICO.
You can keep up to date, by following our Blog here, our Twitter account or on Facebook.
About This Data
€70M raised in Frankfurt & Rhine-Main area in H1 2018. Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This article is part of Startuprad.io's exclusive Rhine-Main Venture Capital Report series — the only continuous, independent tracking of startup venture funding in the Greater Frankfurt/Rhine-Main region. This dataset is not available from any other source and represents years of original research covering every disclosed funding round in the region from 2018 through 2022. The series provides unparalleled granularity on deal sizes, sectors, and trends in one of Germany's most important but historically underreported startup ecosystems.
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.
Investments in Frankfurt and Rhine-Main Area
2018 marks the first year we are covering completely with our initiative. Therefore, we have been more than happy to see 70 million Euros raised in funding in the first half of 2018 (73,38 mn Euros to be precise). This equals approximately 85 million US$. Traditionally the H2 is stronger in terms of VC funding, so we are very excited and expect to crack the 100 mn Euros.
Venture Capital
The largest block we have been tracking contains traditional venture capital, either invested by funds or individuals (Business Angels). In total, €38,4 Million Euros have been raised. We tracked 10 transactions, statistically each averaging 3,8 m Euros. As every VC knows there is quite a large variation. Seven of those investments have been (as to be expected with Frankfurt) in the Fintech space (including Proptech and Insurtech). The other three spread out over different fields.
Initial Coin Offering
The instrument of an ICO was introduced to Rhine-Main on a large scale by the fintech savedroid, which reportedly raised at least 35 mn Euros (depending on sources much more) with their ICO. Admittedly Mainz-based Brainbot (one of the developers of Ethereum) has been first, with their Raiden Network Token sale but they conducted their ICO in the fall of 2017.
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 things related to venture financing in the greater Rhine Main Region. On our website, you can also subscribe to our Newsletter.
Hashtags to follow
Have a look on Twitter for Frankfurt and the wider Rhein-Main area: #rheinmainrocks, #frmstartupscene, #frankfurtvalley, #rheinmainstartup or #startupradio
Joern Menninger, initiator and co-founder RhineMain.vc
Rhine-Main Venture Capital Report Series (Chronological)
Browse the complete series tracking venture funding in the Greater Frankfurt/Rhine-Main region:
Key Takeaways
€70M raised in Frankfurt & Rhine-Main area in H1 2018.
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about 2018, Startups Rhine-Main raised more?
€70M raised in Frankfurt & Rhine-Main area in H1 2018. Expecting to crack €100M with VC, Fintech, and ICO investments.
How does this affect the German startup ecosystem?
This article is part of Startuprad.io's exclusive Rhine-Main Venture Capital Report series — the only continuous, independent tracking of startup venture funding in the Greater Frankfurt/Rhine-Main region.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
Rhine-Main Startup Ecosystem Series
Explore the full Greater Frankfurt/Rhine-Main startup venture capital data series and related coverage from Startuprad.io:
Venture Capital Reports (Chronological)
Related Rhine-Main Coverage
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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