Report: The road to IPO and beyond – Private and public growth companies in DACH

28 Jan 2021

Report: The road to IPO and beyond – Private and public growth companies in DACHin cooperation with

Titel: Digital Expert Session

Within the last few years Europe has emerged as an important tech ecosystem, with some of the most successful venture-backed startup stories coming straight out of DACH region. That is why Deutsche Börse Venture Network and explored the interconnected landscape of private and public tech companies and capital flows in the DACH region and in Europe.

The resulting report takes a closer look at the DACH funding landscape, private and public growth companies and their investors.

This video is a recording of a webinar hosted by Peter Fricke, Head of Deutsche Börse Venture Network and Yoram Wijngaarde, founder and CEO at from 28 January 2021.

Please accept the cookie settings to load the video.

Key takeaways
  • The DACH’s tech ecosystem is worth a combined €264 billion, half publicly listed
  • A positively reinforcing “snowball effect” is underway in DACH, where a much larger new cohort of rising stars is emerging, fuelled by the talent and capital of past ecosystem success
  • Seed-funded European startups are just as likely to reach unicorn status as their US peers: 1.2% of European seed funded companies achieves $1B+ valuation
  • There are 20 private tech startups in the DACH unicorn club and 90+ potentials. With Berlin, Munich, Zug and Zurich, four DACH cities rank amongst the TOP 10 of European hubs of potential future unicorns: 52 companies valued €200m-€800m are based in these four locations.
  • Late stage growth is highly dependent on non-European financing: Over the past 20 years up to 63% of the VC funding volume for European unicorns was backed by non-European funds.
  • Contrary to popular belief: European startups are most likely to be acquired by European buyers - with 69% of all M&A exits in 2020
  • European exchanges are the preferred venues for European tech listings. 87% of public German tech companies choose a domestic IPO
  • As investors seek exposure to early stage tech companies, silos break down. Private and public investor groups are becoming more interlinked.

Get the full report here.

Please enter your e-mail address to receive the download link.

E-mail address *: 
I hereby agree that Deutsche Börse AG may process my e-mail address provided above solely for the purpose of sending me the complete version of the report once. After entering your data, you will receive an e-mail in which you can confirm the use of your data to receive the download link by e-mail. For further information on the processing of your personal data, please refer to our privacy notice. *

For more information please contact:

Peter Fricke

Head of Deutsche Börse Venture Network
Office: FinTech Hub Frankfurt

Carsten Huth

VP Venture & Growth Financing
Office: Berlin Hub

Our partner is the foremost data provider on startup, early-stage and growth company ecosystems in Europe and around the globe. Founded in Amsterdam in 2013, the company now works with many of the world's most prominent investors, entrepreneurs and government organizations to provide transparency, analysis and insights on venture capital activity.

Further information

Additional Information

Already receiving the Venture Weekly?

Global news on financing rounds, M&As and funds at a glance