Funded Startups in Baden-Wurttemberg
Stuttgart and Freiburg anchor most of the funding activity visible across these 50 rounds, which span from October 2023 through November 2025.
Stuttgart and Freiburg anchor most of the funding activity visible across these 50 rounds, which span from October 2023 through November 2025. Artificial intelligence is the largest single sector by company count, represented by nine companies including NEURA Robotics (Metzingen, $124M Series B, January 2025), osapiens (Mannheim, $120M Series B, July 2024), Black Forest Labs (Freiburg, $30M Seed, August 2024), and Sereact (Stuttgart, $26M Series A, January 2025). Biotechnology rivals AI in aggregate capital: immatics biotechnologies (Tübingen) raised $150M in October 2024 and Impulse Dynamics (Stuttgart) closed $136M in February 2024 — the two largest disclosed rounds in the dataset.
Hardware and energy contribute several outsized raises as well. Q.ANT closed a $72M Series A in Stuttgart in July 2025, and INERATEC (Karlsruhe) raised a $128M Series B in January 2024. Round stages skew toward Seed and Series A, though Instagrid (Stuttgart, $95M) and CarboCode (Konstanz, $16M) each reached Series C within this window.
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Frequently asked
What are the largest disclosed rounds in this dataset?
The five largest are immatics biotechnologies (Tübingen, $150M, October 2024), Impulse Dynamics (Stuttgart, $136M, February 2024), INERATEC (Karlsruhe, $128M Series B, January 2024), NEURA Robotics (Metzingen, $124M Series B, January 2025), and osapiens (Mannheim, $120M Series B, July 2024). All five exceeded $100M and all closed within a fourteen-month window.
Which cities in Baden-Württemberg generate the most funded startups?
Stuttgart leads with ten companies across these 50 rows, including Q.ANT, Sereact, Flip, Instagrid, and Impulse Dynamics. Freiburg and Freiburg Im Breisgau together account for seven — Black Forest Labs, BioCopy, Carbonfuture, Recyda, Hivr, Pluvion, and Idana. Karlsruhe appears five times and Heidelberg four times.
Which sectors draw the most venture activity in Baden-Württemberg?
Artificial intelligence leads with nine companies — NEURA Robotics, osapiens, Black Forest Labs, Sereact, paretos, Daedalus, PlanerAI, Hivr, and Pluvion. Biotechnology follows with eight companies. Together the two sectors account for roughly a third of the 50 rows shown and include four of the five largest disclosed rounds.
How active is biotech funding specifically in this region?
Biotech accounts for eight companies in this set. The two largest rounds in the entire dataset — immatics biotechnologies ($150M, Tübingen, October 2024) and Impulse Dynamics ($136M, Stuttgart, February 2024) — are both biotech. Earlier-stage biotech raises include CarboCode ($16M Series C, Konstanz, December 2024), Probably Genetic ($11M, Karlsruhe, November 2023), HepaRegeniX ($24M, Ulm, April 2025), and BioCopy ($9M, Freiburg, March 2025).
How much early-stage activity is visible in the data?
Seed is the most frequent labeled stage across these 50 rows. Notable seed sizes include comstruct ($13M, Bammental, February 2025) and PIONIX ($9M, Bruchsal, November 2025); at the smaller end, PROSERVATION and Freshtaste each raised $1M at seed. Four pre-seed rounds also appear — HyperHeat (Offenburg, $3M), Pluvion (Freiburg, $1M), DYNO (Offenburg, $1M), and Five Percent (Stuttgart, undisclosed) — all closed between October 2024 and February 2025.
What is the most recent funding activity shown for the region?
The three most recent rounds are PIONIX (Bruchsal, $9M Seed, November 17, 2025), pyck (Schwäbisch Hall, $3M Seed, July 23, 2025), and Q.ANT (Stuttgart, $72M Series A, July 17, 2025). All three are in hardware or software sectors, reflecting continued investor interest beyond the biotech and AI clusters that dominate earlier periods in the dataset.
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