KfW Venture Capital Dashboard Q1 2023

The quarterly German Venture Capital Market Dashboard published by KfW Research presents the developments in the venture capital market in Germany.

In the first quarter of 2023, a total of EUR 1.9 billion was invested in 254 financing rounds in the German VC market. For now, the market appears to be unfazed by the collapse of Silicon Valley Bank (SVB) in the US. However, given the persistently unfavourable overall environment (inflation, monetary tightening, dim prospects for IPOs), a trend reversal is yet to arrive.

The Dashboard also provides deeper insights into VC finance activities for German start-ups, including by financing phase, investor origin, technological fields and exit activity. It also compares the market with major international benchmarks. The overview is rounded off by a look at the development of venture debt transactions.

KfW Venture Capital Dashboard Q1 2023(PDF, 1 MB, accessible)

Press release