Region
Companies in Bavaria
VCMC tracks 20,254 companies based in Bavaria. 366 of them have raised a venture or growth round, $22.46B in total, with a median round of $9.8M; 172 raised since 2024. 357 of the 366 have a VCMC valuation; the median is $48.4M.
20,254
companies tracked
366
venture-backed
2% of those tracked
$22.46B
raised in total
by 330 companies
$9.8M
median round
of 450 rounds with an amount
$48.4M
median valuation
of 357 companies valued
Values cover private companies only; public companies are not included.
By their latest round, most are at Seed (121 of 366).
- Pre-seed 33
- Seed 121
- Series A 107
- Series B 36
- Series C and later 66
- Stage not stated 3
The companies
Companies in Bavaria
The 50 venture-backed companies below are this page's list; Helsing has raised the most ($3.20B).
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Helsing Aerospace and Defence | Series E Jul 2026 $1.80B | $19.5B | $15.6B – $27.5B | $23.9B (+23%) | $2.9B | 0% | 895 | growing | A | |
| 2 | Quantum Systems Aerospace and Defence | Series D Jul 2026 $1.20B | $8.8B | $7.0B – $12.5B | $10.9B (+24%) | $1.3B | 0% | 740 | growing | A | |
| 3 | Motive Tech Companies | Growth Equity Sep 2026 $1.30B | $7.4B | $5.2B – $11.5B | $8.1B (+9%) | $792M | 0% | 259 | flat | B | |
| 4 | FINN Car Rental | Series D Jun 2026 $160M | $1.2B | $991M – $1.7B | $1.5B (+19%) | $178M | 0% | – | unknown | A | |
| 5 | Celonis Tech Companies | Debt Aug 2022 $600M | $10.7B | $2.3B – $20.7B | $10.0B (-7%) | $2.2B | 20% | 4,483 | up | D | |
| 6 | Isar Aerospace Aerospace and Defence | Grant Aug 2026 $230M | $2.6B | $2.0B – $3.5B | $3.1B (+19%) | $366M | 0% | 513 | up | A | |
| 7 | Agile Robots Industrial Machinery & Supplies | Growth Equity Jun 2026 $800M | $8.5B | $5.4B – $13.7B | $9.0B (+6%) | $880M | 0% | 569 | up | B | |
| 8 | The Exploration Company Aerospace and Defence | Series C Sep 2026 $450M | $3.3B | $2.2B – $5.9B | $4.1B (+26%) | $496M | 0% | 530 | growing | B | |
| 9 | ITM Radiopharma Pharmaceutical Products | Debt May 2025 $263M | $2.6B | $747M – $4.0B | $1.9B (-26%) | $256M | 0% | 661 | up | C | |
| 10 | EGYM Tech Companies | Series G Sep 2024 $200M | $1.5B | $545M – $1.8B | $1.2B (-19%) | $187M | 2% | 317 | flat | B | |
| 11 | Proxima Fusion Research Institutes | Growth Equity Jul 2026 $468M | $2.8B | $2.3B – $3.5B | $3.1B (+10%) | $302M | 0% | 191 | growing | A | |
| 12 | Tubulis Pharmaceutical Products | Series C Oct 2025 $358M | $2.7B | $1.8B – $3.1B | $2.7B (0%) | $326M | 0% | 77 | up | A | |
| 13 | green flexibility Batteries | Growth Equity Jan 2025 $410M | $7.1B | $3.9B – $10.7B | $7.1B (0%) | $692M | 0% | 91 | growing | B | |
| 14 | Tech Companies | Series B Aug 2021 $75M | $258M | $29.8M – $741M | $240M (-7%) | $87.9M | 36% | 191 | flat | D | |
| 15 | Tech Companies | Series A May 2022 $42M | $146M | $19.3M – $467M | $130M (-11%) | $63.5M | 46% | 157 | flat | D | |
| 16 | Tech Companies | Growth Equity Jul 2021 $52M | $81.2M | $38.4M – $267M | $70.7M (-13%) | $63.0M | 97% | 129 | shrinking | C | |
| 17 | Aerospace and Defence | Series A Dec 2025 $36M | $270M | $117M – $425M | $299M (+11%) | $45.7M | 0% | 199 | growing | C | |
| 18 | Tech Companies | Acquisition Jul 2026 | $175M acquired 2026 | $35.3M – $783M | – | – | 68% | 186 | flat | D | |
| 19 | Tech Companies | Bridge Jul 2024 $35M | $73.2M | $16.6M – $246M | $74.7M (+2%) | $4.18M | 0% | 173 | flat | D | |
| 20 | Auto Electrical Equipment | Series A Mar 2022 $33M | $28.0M | $13.2M – $93.1M | $24.2M (-14%) | $46.8M | 97% | 12 | shrinking | C | |
| 21 | Tech Companies | Series A Nov 2024 $21M | $219M | $45.7M – $333M | $219M (0%) | $33.3M | 0% | 133 | flat | C | |
| 22 | Tech Companies | Seed Aug 2024 $20M | $80.0M | $41.2M – $210M | $44.8M (-44%) | $49.7M | 97% | 21 | down | C | |
| 23 | Tech Companies | Series A Jan 2022 $13M | $55.6M | $6.33M – $143M | $54.1M (-3%) | $17.6M | 30% | 55 | up | D | |
| 24 | Tech Companies | Seed Sep 2026 $15M | $103M | $67.1M – $311M | $204M (+99%) | $40.1M | 0% | 26 | growing | C | |
| 25 | Tech Companies | Series A Sep 2024 $14M | $192M | $71.9M – $293M | $150M (-22%) | $29.4M | 0% | 171 | growing | C | |
| 26 | Tech Companies | Seed Apr 2025 $8.8M | $118M | $40.0M – $180M | $118M (0%) | $23.2M | 0% | 54 | growing | C | |
| 27 | Tech Companies | Series A Apr 2026 $5.8M | $34.7M | $20.2M – $59.7M | $36.6M (+5%) | $8.45M | 59% | 42 | growing | B | |
| 28 | Tech Companies | Seed May 2025 $5.7M | $79.6M | $26.8M – $121M | $79.6M (0%) | $15.6M | 0% | 28 | growing | C | |
| 29 | Tech Companies | Seed Mar 2024 $4.5M | $9.84M | $5.62M – $19.8M | $6.62M (-33%) | $8.94M | 97% | 8 | shrinking | C | |
| 30 | Tech Companies | Seed Sep 2022 $4.0M | $23.8M | $2.65M – $63.3M | $21.5M (-10%) | $9.43M | 24% | 19 | up | D | |
| 31 | Tech Companies | Series A Jun 2016 $3.9M | $17.8M | $1.31M – $43.0M | $17.8M (0%) | $5.46M | 30% | – | unknown | D | |
| 32 | Tech Companies | Seed Mar 2024 $3.4M | $49.9M | $6.97M – $76.0M | $49.8M (0%) | $9.80M | 0% | 46 | up | D | |
| 33 | Tech Companies | Seed Jan 2026 $3.1M | $42.7M | $18.3M – $73.8M | $52.0M (+22%) | $10.2M | 0% | 26 | growing | C | |
| 34 | Tech Companies | Bridge Dec 2021 $2.8M | $20.7M | $7.63M – $47.7M | $20.5M (-1%) | $3.04M | 0% | 24 | growing | C | |
| 35 | Tech Companies | Seed Jul 2023 $2.8M | $27.8M | $2.31M – $52.1M | $27.8M (0%) | $6.72M | 0% | 4 | unknown | D | |
| 36 | Tech Companies | Pre-Seed Jul 2025 $2.7M | $39.4M | $10.8M – $59.9M | $39.4M (0%) | $7.72M | 0% | 8 | unknown | C | |
| 37 | Tech Companies | Seed Nov 2012 $2.5M | $12.8M | $0.60M – $64.0M | $12.8M (0%) | $3.60M | 59% | 35 | flat | D | |
| 38 | Tech Companies | Seed Apr 2026 $2.4M | $20.9M | $9.81M – $45.5M | $29.9M (+43%) | $5.86M | 0% | 14 | up | C | |
| 39 | Tech Companies | Seed Aug 2024 $2.3M | $7.91M | $4.24M – $14.8M | $6.05M (-23%) | $5.24M | 97% | 16 | shrinking | C | |
| 40 | Tech Companies | Pre-Seed Oct 2026 $2.3M | $15.3M | $9.69M – $44.9M | $29.5M (+93%) | $5.79M | 0% | 13 | growing | C | |
| 41 | Tech Companies | Seed Feb 2025 $2.0M | $22.2M | $6.56M – $36.3M | $20.4M (-8%) | $5.09M | 17% | 13 | up | C | |
| 42 | Tech Companies | Pre-Seed Mar 2026 $2.0M | $19.8M | $8.47M – $39.2M | $25.8M (+30%) | $5.06M | 0% | 7 | unknown | C | |
| 43 | Tech Companies | Seed Mar 2010 $1.3M | $13.7M | $0.32M – $38.1M | $13.7M (0%) | $1.93M | 0% | 68 | flat | D | |
| 44 | Tech Companies | Seed Jul 2026 $1.3M | $9.59M | $5.22M – $24.2M | $15.9M (+66%) | $3.12M | 0% | 3 | unknown | C | |
| 45 | Tech Companies | Seed Jan 2026 $1.2M | $8.87M | $4.43M – $14.3M | $8.17M (-8%) | $2.65M | 52% | 12 | down | B | |
| 46 | Tech Companies | Seed Jun 2024 $1.1M | $15.7M | $4.79M – $23.9M | $13.9M (-11%) | $3.08M | 0% | 16 | growing | C | |
| 47 | Tech Companies | Seed May 2023 $1.0M | $13.4M | $1.03M – $20.4M | $13.4M (0%) | $2.62M | 0% | 9 | unknown | D | |
| 48 | Tech Companies | Series A Oct 2016 | $36.4M | $3.06M – $120M | $36.4M (0%) | $17.6M | 30% | 57 | down | D | |
| 49 | Tech Companies | Series B Mar 2020 | $14.2M | $4.11M – $44.3M | $14.1M (-1%) | $8.51M | 70% | 38 | flat | D | |
| 50 | Tech Companies | Seed Jun 2024 | $9.92M | $4.41M – $25.0M | $6.45M (-35%) | $7.83M | 97% | 10 | shrinking | C |
Showing 50 of 20,254. Load more lists every other company here, 50 at a time.
Valuations
How these companies are valued
357 of the 366 venture-backed companies here have a VCMC valuation; the median is $48.4M. A company acquired after its last round keeps its last value as a private company and is left out of the median. 19 companies have disclosed a valuation; for the rest VCMC's valuation is the only number. Each valuation comes with a range, from a low to a high scenario, and a prediction for a year from now. Values cover private companies only; public companies are not included. How VCMC values companies.
Investors
Who backs them
Firms that backed two or more of these companies. Bayern Kapital backed 82, High-Tech Gründerfonds 50.
- 82 companies, led 9
- 50 companies, led 14
- 24 companies, led 4
- HV Capital 15 companies, led 8
- Earlybird 12 companies, led 5
- 12 companies, led 3
- 11 companies, led 2
- BayBG 11 companies, led 1
- 10 companies, led 2
- 9 companies, led 1
- 8 companies
- EQT Ventures 7 companies, led 4
Recent rounds
Latest funding
63 rounds from Oct 2025 to Sep 2026, $8.22B with a disclosed amount.
- Series B, led by Kembara $175M 29 Sep 2026
- Growth, with European Investment Bank $35M 11 Sep 2026
- Motive Growth, led by General Catalyst $1.30B 10 Sep 2026
- The Exploration Company Series C, led by Bessemer Venture Partners and Atomico $450M 8 Sep 2026
- Seed, led by Accel $15M 3 Sep 2026
- Seed, with Y Combinator and Oxford Seed Fund $5.8M 3 Sep 2026
- Growth, led by Elah Fund $15M 31 Aug 2026
- Series D, led by TJC $85M 6 Aug 2026
- Seed, with KT Ventures and Valemount Capital $12M 21 Jul 2026
- Seed $1.3M 17 Jul 2026
- Helsing Series E, led by Thrive Capital $1.80B 13 Jul 2026
- Proxima Fusion Growth, led by XTX Ventures and East X Ventures $468M 7 Jul 2026
Browse
Related groups
Other regions in Germany
Questions
Frequently asked
How many companies in Bavaria does VCMC track?
20,254. 366 of them have raised a venture or growth round.
How much have companies in Bavaria raised?
$22.46B in total across the 330 with a known amount; the median round is $9.8M. 172 raised a round since 2024.
Which companies in Bavaria have raised the most?
Helsing ($3.20B), Quantum Systems ($1.55B), Motive ($1.47B).
Which investors back companies in Bavaria most often?
Bayern Kapital (82 companies), High-Tech Gründerfonds (50 companies), UVC Partners (24 companies).
What are companies in Bavaria worth?
The median VCMC valuation is $48.4M across 357 companies; companies acquired after their last round are left out. Values cover private companies only; public companies are not included.
What was the latest funding round?
Reverion raised a Series B round of $175M (Sep 2026), led by Kembara.