display
Düsseldorf (dpa / lnw) - Start-ups from North Rhine-Westphalia felt the corona crisis last year.
Young companies raised less money from investors, as a study by the consulting firm EY published on Wednesday shows.
The financing volume fell from 268 million euros in 2019 to 196 million euros.
The number of financing rounds fell from 87 to 62.
This means that NRW clearly lags behind the German start-up strongholds of Berlin and Bavaria.
In Berlin, investors put almost 3.1 billion euros in start-ups, in Bavaria it was 1.5 billion euros.
According to the study, the most populous federal state of North Rhine-Westphalia has a market share of 4 percent in start-up financing in Germany.
Start-ups are dependent on money from investors because they are usually not yet making a profit.
Funds and large companies invest capital in promising companies in the hope that their business ideas will prevail and bring them ample profits.
Start-ups are seen as innovation drivers for the economy.
display
Nationwide, start-ups received 5.3 billion euros from investors last year, 15 percent less than in the record year 2019. There were fewer large deals over 100 million euros.
However, the 5.3 billion was the second highest value in recent years, and more start-ups came to investor money: The number of financing rounds rose by six percent to 743 - a record high.
According to the study, the big "start-up dying" feared by many did not materialize last year.
Press EY
EY startup barometer