Berlin is considered the hottest location for digital startups in Germany. Many an innovative business model has been hatched here. The capital offers good framework conditions – also for investors. The list of digital startups is long – we present the biggest ones. As the biggest startups in Berlin, we define the best-funded startups according to our editorial selection. This article is based on the unique List of the 200 fastest growing startups in Germany.
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1. AUTO1 Group GmbH: Online used goods trading
AUTO1 is a digital used car marketplace and has been around since 2012. However, the company only received real momentum with the entry of the Japanese telecom and media group Softbank at the beginning of 2018. AUTO1 has also recently been listed on the stock exchange. Thanks to this development, AUTO1 Group has become a real heavyweight in the used car trade. The company operates three online platforms (wirkaufendeinauto.de, AUTO1.com, Autohero), employs more than 4,000 people and generated revenue of around EUR 3.5 billion in the 2019 financial year.
2. N26 GmbH: Leading digital bank
N26 takes its name from its original Berlin company address “Unter den Linden 26”. The digital and direct bank primarily targets younger customers with its smartphone-based banking offering. Uncomplicated, convenient and super-fast processing of banking transactions – that is what counts above all with this target group. Originally focused purely on account management and payment transactions, N26 has since expanded its product range to include credit, savings and insurance products – with a focus on simplicity. The young financial institution already has over five million customers in 25 countries.
3. GetYourGuide Deutschland GmbH: Digital Guide and Activity Booking
Measured against other startups, GetYourGuide is an oldie. The company was founded in Switzerland in 2008. Its main location is now Berlin with two other offices in Zurich and Las Vegas. GetYourGuide is entirely focused on tourist offers and sees itself as the world’s largest internet booking platform for leisure activities. Through the website, users can buy tickets for attractions and book tours or excursions. GetYourGuide has a global offering for around 8,000 destinations with approximately 30,000 booking and ordering options. In addition to online sales, GetYourGuide uses 1,500 travel agencies as a sales channel.
4. GoEuro Corp: Digital travel search engine
A meta-search engine uses other search engines for its research and thus arguably has the broadest view of the market with the best chance for optimal results. This “meta principle” was also the original business model at GoEuro Corp, but the Berlin-based startup founded in 2012 has evolved. The platform for booking train, bus and air travel aims to become a globally functioning booking system for transport services, where you can also put together your transport services individually. Since the beginning of 2019, GoEuro officially appears on the web under the brand “Omio”, the company name GoEuro Corp has remained.
5. wefox Germany GmbH: online insurance portal
wefox was originally founded under the FinanceFox brand in Switzerland. Today, the company, which has a German focus and is headquartered in Berlin, operates throughout the DACH region and also aims to tap into southern European markets (Italy, Spain). In Germany, wefox has been on the market since 2015. The core of the business is a digital service platform that enables insurance providers, insurance brokers and insured persons to efficiently manage policies and easily handle business processes. For insurance customers, wefox offers an app that has already been used over 600,000 times. The company has more than 180 employees.
Source: Listenchampion Image source: Unsplash