Medical firm Neo Medical secures $68 million, DeepDrive receives $30 million, Repath gains $3.6 million, with the global sector amassing a total of $4 billion in funding.
In the dynamic venture capital landscape of the DACH region (Germany, Austria, Switzerland), several innovative startups are making waves, particularly in mobility, deep tech, biotech, and impact-driven sectors. Among these, Neo Medical, DeepDrive, Repath, Lichtwart, iLARIZ, Headline, and Capmont Technology are notable standouts.
Neo Medical, a Berlin-based startup founded in 2013, has developed AI-driven augmented reality technology for spinal surgery. The company recently secured a significant investment of $68 million from Gyrus Capital and existing investors, positioning it as a leader in its field.
DeepDrive, a Munich-based startup, focuses on developing drives for electric vehicles. The company attracted a substantial €30 million investment from Leitmotif, BMW i Ventures, Continental, UVC Partners, Bayern Kapital, and others, propelling its growth in the competitive electric vehicle market.
Repath, a Hamburg-based climate tech company, helps businesses manage climate risks. The startup received a €3.6 million investment from Greencode Ventures, Lightbird, and others, bolstering its efforts to combat climate change through innovative technology solutions.
Lichtwart, a Herford-based startup, specialises in cloud control for lighting systems to save process costs. The company's unique approach to energy efficiency has attracted investment from BitStone Capital, Vireo Ventures, better ventures angel network, and others.
iLARIZ, Headline, and Capmont Technology are also active players in the region's startup ecosystem. Headline, a Berlin-based investor, has been investing worldwide in large and small startups since 1999 and recently launched a new growth fund worth $865 million. Capmont Technology, a Munich-based B2B investor, has launched a new fund with 100 million euros, with half of the investments earmarked for European companies, focusing on DefenseTech, Pharma, and Freight Software.
The DACH region's startup ecosystem benefits from EU programs like the European Institute of Innovation and Technology and national funding mechanisms that promote startups in mobility and biotech. Despite challenges such as fragmented funding and slower adoption, the region shows signs of recovery, with global funding rebounding to $54 billion in 2024 from a low in 2022.
For more information about Headline, please visit their website www.headline.vc.
Sources:
- TechCrunch
- European Commission
- Made for Germany
- BackBone Ventures
- Vsquared Ventures
- Technology in the form of AI-driven augmented reality is being leveraged by Neo Medical, a Berlin-based startup, for spinal surgery, having recently secured a substantial investment of $68 million.
- Capmont Technology, a Munich-based B2B investor, has launched a new fund worth 100 million euros, focusing on technology sectors like DefenseTech, Pharma, and Freight Software.
