About Start2
Start2, an accelerator and incubator program founded in 2008, is based in Munich, Germany. With a presence in 3 countries, it has supported around 5 startups in sectors like Enterprise Applications, HealthTech. As of Oct 2026, Start2 has 1 unicorn under its belt and has witnessed 2 portfolio exits. Most notable companies in
its portfolio include FlixBus, Kaia Health and Celonis. The program is backed by a team of 46 people who primarily support startups based in Germany, Singapore.
Key Metrics
Start2's List of All Investments
Start2 has a portfolio of 5 companies, one of which is a Unicorn. Their most notable investments include FlixBus and Kaia Health.Their portfolio spans across Germany, Singapore and United States. They have invested in Enterprise Applications, HealthTech, High Tech and 6 other sectors. Here is the list of all investments by Start2:
1. FlixBus
Operator of intercity bus transportation services for public passenger travel. This business manages scheduled transit routes using motor coaches to facilitate movement between municipalities. Passengers purchase tickets to secure seating for transit. The service provides amenities including power outlets and wireless internet access for travelers during transit. Luggage storage is available for passengers on these vehicles.
Key facts about FlixBus
- Founded Year: 2011
- Location: Munich (Germany)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.22B
- Employee Count: 49 as on May 31, 2026
- Investors: Silver Lake, Baillie Gifford and 35 Others
- Latest Funding Round: Series G, Jul 04, 2024, $*****
- Highlight: Editors' Pick
2. Kaia Health
Provider of digital musculoskeletal pain management solutions. It offers AI-powered digital therapy complemented by human care, including access to licensed physical therapists and certified coaches. Care plans incorporate physical exercises, relaxation techniques, and educational resources tailored to individual needs. The platform utilizes technology beyond tele-PT and sensors, providing real-time exercise feedback and gamified elements. The solution addresses back, joint, and chronic pain.
Key facts about Kaia Health
- Founded Year: 2016
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $125M
- Employee Count: 72 as on Sep 30, 2026
- Investors: Flying Health, Start2 and 17 Others
- Latest Funding Round: Series C, Apr 28, 2021, $*****
- Highlight: Acquired
3. Celonis
Cloud-based process mining and execution management software. The company provides a platform for real-time data ingestion, process and task mining, planning and simulation, action flow management, and visual and daily management tools. Platform uses predictive capabilities to forecast process outcomes. It collects data by recording user activities through an app.
Key facts about Celonis
- Founded Year: 2011
- Location: Munich (Germany)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.77B
- Employee Count: 4,294 as on Sep 30, 2026
- Investors: Silver Lake, T. Rowe Price and 36 Others
- Latest Funding Round: Conventional Debt, Aug 23, 2022, $*****
- Highlight: Editors' Pick
4. tado°
Provider of smart thermostats and energy solutions for home heating. The company offers smart radiator thermostats, smart thermostats for boilers and underfloor heating, and heat pump optimizers. It provides an application to manage energy consumption, set schedules, and control heating systems remotely. The company also offers dynamic tariff integration for heat pumps and electric cars.
Key facts about tado°
- Founded Year: 2011
- Location: Munich (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $245M
- Employee Count: 161 as on Sep 30, 2026
- Investors: European Investment Bank, Panasonic and 29 Others
- Latest Funding Round: Series E, Mar 18, 2025, $*****
- Highlight: Editors' Pick
5. Holmusk
AI-based digital health solutions and data analytics for providers. The platform NeuroBlu monitors the user's data and the prediction engine recommends lifestyle changes before the condition worsens. The proprietary analytical tools work on real-world data to recognize disease progression. The EHR system is designed to capture and monitor decisions and is combined with past mental health records. It also enables data-driven research and development providing evidence for regulatory submission.
Key facts about Holmusk
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Mar 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $109M
- Employee Count: 87 as on Sep 30, 2026
- Investors: Start2, Optum Ventures and 37 Others
- Latest Funding Round: Series B, Oct 12, 2023, $*****
- Highlight: Acquired
Unicorns in Start2's Portfolio
Start2 has 1 unicorn in its portfolio - FlixBus. The most recent unicorn in their portfolio is FlixBus which became a unicorn in 2019, 7 years before Start2 first invested in it.Here is a list of unicorns in Start2's portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Operator of intercity bus transportation services for public passenger travel | 2011 | Munich | Series G | ystyyvx |
Acquired companies in Start2's Portfolio
2 companies from Start2's portfolio have been acquired. The most recent acquisition was Kaia Health in Jan 2026 by Sword Health for $*****.Here are Start2's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 29, 2026 | - | - | 2448 | |
Jul 12, 2022 | - | - | 9461 |
Team profile of Start2
Start2 has a team of 46 members including 6 Partners and 12 Principals located in Germany, United States and 6 more locations. Start2's team does not sit on the board of any company as of now.Here is a list of top team members in Start2:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | Munich | - | ||
Partner | Cambridge | - | ||
Partner | Munich | - | ||
Partner | Brooklyn | - | ||
Partner | Munich | - | - | |
Principal | Munich | - | ||
Principal | Frankfurt Am Main | - | ||
Principal | Singapore | - | ||
Principal | Busan | - | ||
Principal | Bengaluru | - |
Recent News related to Start2
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Start2 Group Launches STRIDE Ventures to Accelerate Innovation in U.S. Technology and ManufacturingMiningstockeducation•Nov 17, 2025•Start2
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