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Here are the 5 hottest startups in Germany

By Marta Dawydzik and Andrea Hak

If you hear techno-clubs in the underground with revealing raves and more museums than rainy days a year, you can only think of one city: Berlin. Apart from the eccentric, party-oriented artist harbors, Berlin is also the birthplace of one of Europe's first tech hubs. Only last year, the German startups had collected a record of investment in the amount of 4.6 billion euros with Berlin-based companies alone were responsible for 2.64 billion euros.

At the same time, we now see other German cities catching up faster than anyone could imagine. In 201

8, Munich increased its investment volume by 97 percent to € 802 million. Meanwhile, Hamburg increased investment by 138 percent to 548 million euros. It's a tough competition for Germany's next tech capital, and the result is the growth of some of the coolest startups in the market.

Selection of the hottest young scale-ups in Europe

Together with payment tech company Adyen, we have been looking for the most promising startups based on their performance, growth and potential. The top 5 from each country will join the Tech5 a community of the hottest young tech companies in Europe and Israel. This year's new arrivals will then attend the exclusive Founders Day (8th May) and TNW Conference (9-10th May) in Amsterdam.

Today we highlight Germany. We researched, consulted with our advisory consortium of 100 investors, influencers, entrepreneurs and experts across Europe and selected the five hottest young German scale-ups.

Find out who Germany's hottest young scale-ups are:

Grown in Munich, FlixMobility GMBH is the world's largest coach company. Its rapid growth, which now serves 29 countries, can be explained by the significantly lower prices compared to alternative modes of transport. Green Flixbuses have already taken over the bus transport market in Germany completely and are now Europe-wide from Paris to London from 14.99, Frankfurt to Milan from [19659002] 29.99 and Hamburg to Prague for 28.99. The low-cost bus option not only provides transportation from A to B, but also benefits for travelers: Wi-Fi, electrical outlets, movies, snacks and drinks. Watch out for the launch of the first all-electric bus to be used in France and Germany, and the new FlixTrain soon!

With the rapidly advancing technology, numerous advantages arise, such. B. more comfort and efficiency. However, there are also some disadvantages. One of them raises prices rapidly. Take for example phones; When the iPhone Xr hit the market last year, the starting price was $ 749, which was $ 100 more than the cost of the iPhone 7 three years ago. Another is that the rate of obsolescence is rapidly increasing: technology could become obsolete and be replaced surprisingly quickly. In other words, the gadgets you saved for a long time may be out of date before you even know them or on long-term finance contracts before you own them.

The German startup Grover offers an innovative solution in the form of a subscription service. You can subscribe to a wide range of technical products and pay from month to month. When you're done, send it back and effectively cancel your subscription or upgrade to the next model. We expect much more from Grover than last year, when one of Europe's largest Series A series was closed at € 37 million.

Can you still remember the last book you read until the last book? In our hectic lives, many of us lack the time or the patience to complete a book, and after a long day at work we spend less time with less attention-grabbing entertainment, such as Netflix's network flix shows . Blinkist picks up on these feelings by providing 15-minute summaries (in text and sound) of nonfiction books. Blinkist has raised $ 35 million to date to expand the catalog, languages ​​and user base. Every month there are around 3,000 titles and 40 new titles. There is something for everyone.

Homelike is here to help international moving companies find a comfortable home. Providing the widest range of furnished apartments in Europe, house seekers can choose from a wide range of temporary accommodation apartments that suit their needs individually. Thanks to the online booking with verified e-signature, it is even possible to book furnished apartments at short notice. Since their inception, they have raised $ 18 million and their platform has helped to book over 750,000 nights. They are now planning their European expansion and have just opened their platform in the UK.

The only good thing about relocating locations, be it your house or your office, is the bubble wrap. Movinga is out there, however, to change your perception of movement. They are a comprehensive moving company, from planning to execution. You can do everything through their website, choose a date to move, add your personal items to the list, select additional services you need, such as: If you need help, your team of relocation specialists will be your point of contact and can be reached easily via chat or phone. They have raised nearly $ 100 million in funding since 2015, including a round of $ 17 million in 2018.

Is your startup looking for finance and new customers? Come to TNW 2019. The starter rates start at 299 euros and offer you a lot of benefits for you to grow.

This is part of a series that selects the hottest young tech companies from across Europe. Every day we cover a new country. Look out for the hottest young tech companies Belgium France Spain Portugal ] Netherlands Ireland Norway Denmark Sweden Estonia . Finland Poland Great Britain Israel Germany, Austria, Switzerland, Hungary and a combined selection of other European countries.

This post is brought to you by Tech5.

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