All cycles
Completed

Cycle 2025

25 Berlin startups · €190M fully deployed · 612,400 citizens cast a vote

Total invested
€190M
Fund ROI
+16.8%
Avg. growth YoY
+23.4%
New jobs
2,840
Voters
612k
28.4% turnout
Applications
1,842
Avg. €7.6M ticket

Cycle highlights

Best ROI
Choco logo
Choco
FoodTech
+38%
Fastest growth
Choco logo
Choco
FoodTech
+54% YoY
Most new jobs
N26 logo
N26
Fintech
280 hires
Public favorite
Auto1 Group logo
Auto1 Group
E-commerce
18,420 votes

Top 10 investments

The largest tickets allocated from the fund

Investment by sector

Share of the €190M pool

  • Fintech69.8M · 36.7%
  • Travel22.3M · 11.7%
  • E-commerce22M · 11.6%
  • SaaS13.8M · 7.3%
  • Insurtech12M · 6.3%
  • Mobility11M · 5.8%
  • Logistics9M · 4.7%
  • FoodTech8M · 4.2%
  • EdTech7.5M · 3.9%
  • HRTech6.1M · 3.2%
  • Consumer3.5M · 1.8%
  • GreenTech3M · 1.6%
  • Media2M · 1.1%

Capital deployment 2025

Quarterly payouts to portfolio startups

Avg. growth by sector

Average YoY revenue growth of funded startups

Funded startups · full breakdown

Sorted by investment volume · allocated by the fund managers, independent of the voting ranking

#StartupSectorVotesInvestmentGrowthROINew jobs
1
N26 logoN26
Fintech11,43028M+18%+14%280
2
Trade Republic logoTrade Republic
Fintech7,18022M+41%+32%240
3
Auto1 Group logoAuto1 Group
E-commerce18,42018M+12%+9%190
4
GetYourGuide logoGetYourGuide
Travel13,24014M+36%+24%175
5
Wefox logoWefox
Insurtech12,11012M+22%+11%140
6
Tier Mobility logoTier Mobility
Mobility11,43011M+8%+4%95
7
Contentful logoContentful
SaaS10,82010M+29%+21%130
8
Forto logoForto
Logistics3,6409M+15%+7%110
9
Choco logoChoco
FoodTech17,1108M+54%+38%145
10
Mambu logoMambu
Fintech5,0907M+26%+17%95
11
Solaris logoSolaris
Fintech7,9606M+10%+5%70
12
HomeToGo logoHomeToGo
Travel14,9806M+31%+22%85
13
Raisin logoRaisin
Fintech4,3805.5M+24%+16%80
14
Babbel logoBabbel
EdTech10,8205M+19%+12%75
15
CoachHub logoCoachHub
HRTech3,2104.5M+33%+19%90
16
Razor Group logoRazor Group
E-commerce8,5404M+6%+3%55
17
Grover logoGrover
Consumer12,1103.5M+21%+11%65
18
Ecosia logoEcosia
GreenTech16,5403M+47%+28%90
19
Pitch logoPitch
SaaS5,7802.8M+17%+9%45
20
Blinkist logoBlinkist
EdTech7,7202.5M+14%+8%40
21
Omio logoOmio
Travel6,9402.3M+25%+15%55
22
SoundCloud logoSoundCloud
Media9,8702M+9%+4%35
23
Zenjob logoZenjob
HRTech6,1201.6M+28%+18%50
24
Tomorrow logoTomorrow
Fintech5,4101.3M+38%+23%45
25
Bryter logoBryter
SaaS4,6201M+44%+27%60
Total190M+23.4% avg+16.8% avg2,840

All figures are mock data for demonstration purposes.