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Number of start-ups in Germany stable at 70,000 in 2019 –

Impact of the corona crisis uncertain

Frankfurt am Main (ots) –

– More start-ups are planning with venture capital

– Proportion of female start-up founders at 19%

– Corona crisis brings tailwind for digital or internet-based ones

Business models

In Germany, the number of start-ups in 2019 was as in the previous year

70,000. The increase from the two previous years (2016: 54,000, 2017:

60,000, 2018: 70,000) has therefore not continued. Has increased significantly

on the other hand, the proportion of start-ups that will finance their future

Want to use venture capital for growth. So will meanwhile just

every fifth start-up (19%) and thus twice as many as in the previous year,

Include VC partners. This is shown in the new KfW Start-up Report 2020. Here

KfW Research examines young companies that were founded no more than 5 years ago

are innovation- or growth-oriented, offer brand new products or

Do research and development in order to achieve technological innovation

Bring it to market.

With an average team size of 1.8, there are 70,000 behind

Start-ups have around 127,000 active founders, with a good 24,000

Female founders the proportion of women is 19%. The significantly increased

There is also demand for venture capital on the part of start-ups

increased supply of capital. Such are the annual VC investments

institutional investors since 2014 by 2.8 times to around EUR 1.9 billion im

Year 2019 increased.

How the Corona crisis specifically affects the start-up scene in Germany

is currently not foreseeable. Many startups left in early summer

assume that they will not survive the year due to the slump in sales

would. Some financing that was believed to be safe also failed. Venture too

Capital investors expect a higher default rate in their portfolios. Current

the situation has eased somewhat. At the same time, the corona crisis brings tailwind

for digital or internet-based business models. Whether the number of such

Start-ups that the start-ups that are leaving due to the crisis can compensate,

remains to be seen.

KfW’s chief economist, Dr. Fritzi Köhler-Geib says about the results of the

Start-up reports: “The number of start-ups that has increased in recent years

reflects the maturation of the start-up ecosystem. That’s a very good one

Development for Germany as an innovation location. The corona crisis is a burden

this ecosystem is now substantial, because initially both more companies

fail and fewer start-ups will follow. The start-up assistance from

KfW and the federal government were therefore important to the start-up ecosystem

stabilize. But the crisis can also act as a catalyst, especially for

new digital business models. Founders can do this

Seize the opportunity, the good development of the German VC market will help you

certainly there. Germany is still lagging behind internationally

start-up financing, but we are on the right track. “

The KfW Start-up Report 2020 is available for download at


Press contact:

KfW, Palmengartenstr. 5 – 9, 60325 Frankfurt

Communication (KOM), Wolfram Schweickhardt

Tel. +49 (0) 69 7431 4126, Fax: +49 (0) 69 7431 1778,

Email: mailto:, Internet:

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