The 6 largest startup fundings in Hamburg in 2024
2024 was certainly not an easy year to close major financing rounds. Nevertheless, a number of Hamburg start-ups managed to raise large sums in the millions. We present the six most successful ones in this article
17.5 million euros for Rabot Charge
In January, the startup Rabot Charge secured 17.5 million euros in a series A financing round. The round was led by HV Capital, one of the leading growth investors in Europe. All Iron and 9900 Capital also participated, as well as existing investors such as yabeo Impact, HTGF and vent.io. Since its foundation in 2021, the startup has raised a total of 25 million euros. Rabot Charge offers dynamic electricity tariffs for households across Germany. Customers can benefit from low electricity prices and also optimise their energy consumption with a smart app.
20 million US dollars for Flower Labs
Some startups prefer to publish the amount of their financing in US dollars, including Flower Labs. In February, it raised 20 million in a series A round. The financing round was led by Californian venture capitalist Felicis. Other investors included First Spark Ventures, Factorial Capital, Beta Works, Y Combinator, Pioneer Fund, Mozilla Ventures and well-known business angels such as Clem Delangue, CEO of Hugging Face, and Scott Chacon, co-founder of GitHub. With Flower, the startup offers an open source community and an ecosystem for training artificial intelligence with distributed data.
20 million euros for TCC
TCC's series A financing round dates back to November and raised 20 million euros for the medtech startup. The sole investor is shipping and logistics entrepreneur Thomas Pötzsch. TCC enables location-independent and preventive patient monitoring via a platform. It supports care units with real-time dashboards and networks hospitals across sectors and disciplines. Trained intensive care physicians are available around the clock.
25 million euros for Novocarbo
Novocarbo builds and operates carbon removal parks that combine several climate protection measures. They remove CO2 from the atmosphere and at the same time produce renewable energy and a sustainable carbon product called biochar. This biochar is suitable, for example, as a substitute for peat or for molded parts, housings and functional components that are usually made of plastic. In March, the startup received 25 million euros from French investor SWEN Capital Partners.
58 million US dollars for Infinite Roots
Already in January, Infinite Roots was able to announce a financing that proved to be the second highest of the year in Hamburg. The startup raised 58 million US dollars in a series B round from Dr. Hans Riegel Holding (HRH), the EIC Fund, the REWE Group and Betagro Ventures. They were joined by existing investors such as ClayCapital, FoodLabs, Redalpine, Simon Capital and Happiness Capital. Infinite Roots develops meat substitutes and completely new food products from the mycelium, the underground root network of mushrooms. Approval in the EU is still pending, but some of the startup's products are already on sale in South Korea.
150 million euros for 1KOMMA5°
Shortly before Christmas, 1KOMMA5° once again set a financing record. The energy startup raised 150 million euros. The round was led by the US pension fund Calstrs. G2 Venture Partners as well as 2150, Norrsken, Hamilton Lane, b2venture, Eurazeo and Ecapital were also involved. This further increases the valuation of the company, which had already exceeded the billion-euro mark in 2023. The next step planned is an IPO, which could take place in 2026.
This article was updated on 07 January 2025.
