KfW Venture Capital-Dashboard Q3 2023

The quarterly KfW Venture Capital Dashboard presents the developments in the venture capital market in Germany.

German start-ups received almost EUR 1.8 billion in 232 financing rounds in the third quarter of 2023. The volume of deals decreased on the previous quarter, as did the number of deals. The decline in deal volume followed two consecutive increases in the first two quarters of the year. The German VC market thus continues to struggle for direction in 2023 while maintaining a sometimes significantly higher level than in the years before the pandemic.

In addition, the Dashboard 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 Q3 2023(PDF, 668 KB, accessible)

Further informations in our Dossier Venture Capital