47

HAMBURG

While most of the world sees Berlin as the hottest startup city in Germany, insiders claim that Hamburg is where it happens. Hamburgers have defied the odds by building a startup ecosystem in a city of the oldest opera house, old money, old ideas, and old people. You can use any one of its 2,300 bridges to navigate to Hamburg’s shopping centers, such as its urban promenade Jungfernstieg. Hamburg saw more new startups in 2015 than any year previous, with FinTech a huge employer in the northern German city.

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING: $231.1M

DEALS: 33

EXITS: 18

5 YEAR YoY FUNDING GROWTH: 72.3%

5 YEAR YoY DEAL GROWTH: 36.4%

Source: CB Insights