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Studying not too long ago about Germany’s €30 billion plan for its startups, I used to be intrigued. Did the nation begin to envy La French Tech? Is it hoping to rival post-Brexit U.Ok.? Maybe each, however it additionally has a nationwide purpose — ensuring that income from homegrown successes keep house. Let’s discover. — Anna
Second, third, or eighteenth?
European startups have been weathering the venture capital downturn fairly effectively, and funding declined solely barely within the second quarter in comparison with the primary three months of 2022.
German startups, nevertheless, had it worse: In accordance with EY, they collectively attracted 20% much less capital within the first half of 2022 than throughout the identical interval final yr. This consists of non-public fairness, however enterprise capital declined much more sharply, from €4.44 billion to €2.89 billion (which is roughly the identical quantity in U.S. {dollars}.)
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