News from 2025-05-06 / KfW Research

German Venture Capital Barometer 1st Quarter 2025

Sentiment in the German VC market remains just below the long-term average

After business sentiment suffered a minor setback at the end of 2024, it recovered at least partly at the start of 2025. In the first quarter of 2025 the sentiment indicator of the German VC market rose by a moderate 2.0 points. At -2.1 balance points, the indicator thus remains just below its historic average, which is marked by the zero line. By contrast, business expectations dipped slightly at the start of the year. The increased scepticism regarding the business trend is likely to be the result of the major economic uncertainty that was generated primarily by US economic and trade policy since the start of the year.

German Venture Capital Barometer 1st Quarter 2025

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