Since 2015 Capnamic Ventures has published the Deal Flow Analysis in order to provide an overview of the startup ecosystem in Germany, Austria and Switzerland (GSA). A growing number of deals has been recognized since the inception of the Deal Flow Analysis. We record every deal in our internal deal flow database with a lot of parameters, which form the basis of the Deal Flow Analysis.

1. © 2018 Capnamic Ventures

2. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 2
MARKET PAGE 5-9
FOUNDERS PAGE 10-13
COMPANIES PAGE 14-18

3. Thank you to all founders
First of all we want to thank all founders who have sent us their pitch decks and business plans. The founders are the center of gravity
of the growing startup ecosystem. The industry calls an investment request from a startup a „deal“. The word “deal“ might sound a bit
fluffy but we want to underline our full respect to each founder.
Deal Flow Analysis
Since 2015 Capnamic Ventures has published the Deal Flow Analysis in order to provide an overview of the startup ecosystem in
Germany, Austria and Switzerland (GSA). A growing number of deals has been recognized since the inception of the Deal Flow
Analysis. We record every deal in our internal deal flow database with a lot of parameters, which form the basis of the Deal Flow
Analysis.
Capnamic Ventures
Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and
Cologne. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and
IPOs, as well as a strong entrepreneurial track record within the investment team.
If you have further ideas and recommendations please do not hesitate to contact us. info@capnamic.com
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 3

4. more deals
of deals founded by STEM founders*
of German deals come from the Top 5 startup hubs:
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 4
more teams with female founders

5. MARKET PAGE 5-9
FOUNDERS PAGE 10-13
COMPANIES PAGE 14-18
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 5

6. 1.
2.
3.
MARKET
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 6

7. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 7
▪
▪
▪
▪
-19%
+16%
-3%
+37%
+14%
-8%
MARKET

8. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 8
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▪
▪
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MARKET

9. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 9
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+20%
▪
▪
▪
MARKET

10. MARKET PAGE 5-9
FOUNDERS PAGE 10-13
COMPANIES PAGE 14-18
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 10

11. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 11
FOUNDERS
1.
2.
3.

12. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 12
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+67%
+63%
FOUNDERS

13. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 13
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▪
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+16% -9%
-33%
+200% +89%
-25%
FOUNDERS

14. MARKET PAGE 5-9
FOUNDERS PAGE 10-13
COMPANIES PAGE 14-18
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 14

15. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 15
COMPANIES
1.
2.
3.

16. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 16
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COMPANIES

17. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 17
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▪
▪
COMPANIES

18. BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 18
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▪4,0%
COMPANIES

19. Berlin
Cologne Olaf Jacobi
Sebastian Schüller
BERLIN / COLOGNE, APRIL 2018 | DEAL FLOW ANALYSIS 2017 | CAPNAMIC VENTURES | PAGE 19