Who is one of the most successful startups in Munich? And why are there so many promising companies here? Because Munich offers young and inexperienced founders in particular a suitable community to start their own business. Because with a large network and numerous funding opportunities, Munich is one of the most important start-up cities in Germany and offers young entrepreneurs perfect conditions. In particular, the well-developed digital infrastructure and the opportunities for cooperation with other companies have an effect on the city’s start-up friendliness.
Small businesses involve stable operations that generate relatively small profits. Such companies cover a local or regional market, have a ready-made product or service to sell, and do not require major investment. Sometimes a small business is called a startup because it is expected to scale in the future. However, there are certain differences between these two concepts, which you will read about below.
The life cycle is a path that describes the stages of a startup’s development, beginning with the idea and ending with its full payback. All of the work is carried out in a strictly defined sequence, but the number of stages and their duration may vary. A startup has four to eight stages.
These are the 5 most successful startups in Munich in recent years
PERSONIO
The Munich startup Personio was founded in 2015 and, as a holistic HR software, offers great support in personnel management for small and medium-sized companies. The program can be used to recruit and manage employees, making the process transparent, orderly and measurable for HR managers. In its last round of financing, Personio was able to collect around 75 million US dollars, which means that the investment volume is now 130 million US dollars. Well-known investors invested in the startup and continue to send Personio on the road to success, which is why it can currently be described as one of the most successful startups in Munich.
KLARX
Another up-and-coming Munich startup is Klarx. The company, which was founded in 2015, offers customers an online rental platform for construction machinery. Regardless of whether it is an excavator, compressed air device or telescopic machine, thanks to its large partner network, the start-up enables the logistics and insurance of the machines so that customers can rent machines quickly and easily. The start-up is now supported by many well-known investors and has already recorded investments in the double million-euro range. Thanks to the financial resources, Klarx has well over 350,000 machines available throughout Germany. Therefore, the goal of the founders is: to be the number 1 contact person for every need on the construction site.
TEMEDICA
The health startup Temedica, founded in 2016, was able to register a successful round of financing due to the growing economic sector. Because it collected a total of 17 million euros and thus catapulted itself into the top league of startups. The concept behind Temedica is digital therapy support, which is why the company is currently on the market with various apps for healing and sustainable medical care. The plan is to work together with different cooperation partners and to develop products.
MECURIS
The concern of the medtech startup Mecuris is to lead orthopedic technology into the digital age and to revolutionize it. Because the young company, which was founded in 2016, would like to use a web-based platform to develop prostheses and other orthopedic aids that are individually adapted to patients. Mecuris is starting this year with growth financing of 3.6 million euros, thanks to investors such as Bayern Kapital and the High-Tech Gründerfond (HTGF). With this money, the startup is now aiming to increase market penetration on the European market and can therefore rightly be counted among the most successful startups in Munich.
PLANTURA
The startup Plantura is also one of the most successful startups in Munich. Plantura has been one of the most successful digital garden magazines with millions of nature-loving customers since 2017. The founders also have millions of visitors on their website and on social networks. They not only generate digital content. Because Plantura also offers sustainable garden products and serves an industry that has great growth potential. The young companies plan to expand their product portfolio and expand their team in the future.