Photo: DPAVenture capital investments in German startups hit a record level in the first half of 2017, with Berlin seeing a huge rise in funding for its startup scene, a new report shows. In the first half of this year, €2.163 billion of investors' money went into startups, an increase of roughly €1.2 billion in comparison with the first half of 2016. At €939 million, over 40 percent of overall funding went into e-commerce. The report also confirmed that Berlin is the unrivalled startup capital of Germany. Forty-four percent of all investment deals happened in the capital - the size of Bavaria, Hamburg, North Rhine-Westphalia, Baden-Württemberg and Hesse combined.

Source: The Local July 12, 2017 12:33 UTC