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Startups that can wed Germany’s software programming expertise with the country’s strengths in engineering and high-end manufacturing are getting funded. German VC's invested $467 million across 87 deals in German-based startups in Q12017 down from $556 million in Q4 2016 pushing Berlin to into 4th place behind London, Paris and Stockholm.
Last year failed to see a return of the super-sized funding rounds in companies backed by Berlin’s startup factory Rocket Internet SE, such as a $563 million stake in food-on-wheels service Delivery Hero in February 2015. Now Rocket’s controlling Samwer brothers, and the VCs who’ve backed consumer internet plays, are waiting for a payoff. "You definitely have a cooling-off in business-to-consumer e-commerce, that’s very clear," said Thies Sander, a partner at Project A Ventures in Berlin, which raised 180 million euros ($191 million) in February across two funds. "The appetite for IT and software has definitely risen."
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