6 Female-Founded Startups from Germany to watch – according to VC investor
Men dominate the German startup scene. This is hardly surprising. However, the Bertelsmann Foundation's current Female Founders Monitor demonstrates how serious the situation truly is: For the first time, the proportion of female founders in the German startup ecosystem is declining – and significantly. Between 2023 and 2024, it will fall by two percentage points to just 18.8 percent.
Verena Pausder, chairwoman of the Startup Association, and Bertelsmann board member Hannes Ametsreiter make a clear appeal to the public: "We need more women to start businesses!" Gesa Miczaika, founder of Auxxo , the first German VC fund that specifically invests in startups with female founding teams, shares this view.
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Miczaika and her team announced the first closing of their second fund in July : They have already raised €26 million – over a third more than their first fund (€19 million). The European Investment Fund (EIF) is the anchor investor, with Aurum Impact, Cherry Ventures, and Speedinvest among others also investing. According to the official press release, 50 percent of the investors are female .
The first investments from the new fund are also in place: Auxxo already supports Emidat, Resolutiion, and Stanhope.ai. The team plans to invest in a new startup approximately every two months – with ticket sizes between €200,000 and €700,000.
Miczaika told us which 6 female-led startups from Germany she finds particularly exciting at the moment.
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