About SaaS sector in Germany
The SaaS sector in Germany comprises 12.8K companies, including 1.96K funded companies having collectively raised $19.4B in venture capital money and private equity. Out of these, 1.45K are Series A+ funded, and 9 have achieved unicorn status.
SaaS sector in Germany has seen 566 acquisitions and 571 IPOs. This represents almost 8.9% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc are included in this sector. 1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.
Top SaaS Companies in Germany
There are 12,809 SaaS startups in Germany which include Personio, YouGov, Wunder Mobility, AMBOSS, Adjust. Out of these, 1,962 startups are funded, with 1,452 having secured Series A+ funding, and 9 achieving unicorn status.
Over the past 10 years, an average of 430 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Technical University of Munich, London School of Economics and Political Science and University of Oxford.
Here is the list of top SaaS startups in Germany
1. Personio
Cloud-based HRMS platform for SMBs. It provides features such as payroll administration, attendance and recruitment management, onboarding, performance monitoring. The features include SSL encryption and two-factor authentication based security for the data. The product is available on the subscription-based pricing plan.
Key facts about Personio
- Founded Year: 2015
- Location: Munich (Germany)
- Stage: Series E
- Total Funding till date: $772M
- Investors: Greenoaks, Global Founders Capital and 27 Others
- Latest Funding Round: Series E, Jun 06, 2025, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 1,101 Competitors
2. YouGov
Provider of online research data, consumer insights and market analytics services. The company operates large proprietary opinion panels to collect survey responses on brands, politics, media, and consumer behaviour, then applies weighting and analytics to produce statistically robust datasets. Its products and services include brand tracking, audience profiling, campaign evaluation, and custom research, delivered through technology platforms and syndicated data tools for businesses, media and public institutions. Panel members participate in surveys and earn rewards, enabling continuous, real-time measurement of public attitudes and market trends.
Key facts about YouGov
- Founded Year: 2000
- Location: Germany
- Stage: Public
- Investors: Herald Investment Management, CDS and 1 Other
- Latest Funding Round: Post IPO, Jul 07, 2023, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 91 Competitors
Provider of IoT and Saas-enabled comprehensive multi-category mobility management software solutions. The company develops software solutions for ride-hailing, self-drive multi-category vehicle rentals, carpooling, and more. It offers features like analytics solutions, customizable solutions, and more. Also, it offers financial services, a mobility marketplace, and more.
Key facts about Wunder Mobility
- Founded Year: 2013
- Location: Hamburg (Germany)
- Stage: Series B
- Total Funding till date: $72M
- Investors: KCK Group, Partech Partners and 36 Others
- Latest Funding Round: Series B, Oct 05, 2022, $*****
- Tracxn Score: 75/100 What is this?
4. AMBOSS
Provider of a medical knowledge platform and exam preparation resources. It offers a comprehensive medical library with exam-style questions and clinical tools. The platform supports medical students, clinicians, and educators. It provides resources for study, exam preparation, and clinical decision support. The platform offers mobile and desktop access.
Key facts about AMBOSS
- Founded Year: 2012
- Location: Germany
- Stage: Series C
- Total Funding till date: $292M
- Investors: Partech Partners, Target Global and 10 Others
- Latest Funding Round: Series C, Mar 25, 2025, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 1,587 Competitors
5. Adjust
Cloud-based mobile marketing software solution provider. It provides an open-source SDK that enables app developers to track and analyze things like user acquisition, feature releases, and user lifetime cohorts. Also enables the tracking of interactions in the app in real-time to see how users engage over their full lifetime. Clients include some of the world's largest brands such as Baidu, Deutsche Telekom, Universal Music, Spotify, and Viacom.
Key facts about Adjust
- Founded Year: 2012
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $256M
- Investors: Highland Europe, Morgan Stanley and 15 Others
- Latest Funding Round: Series F, Jun 12, 2019, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 706 Competitors
Companies founded year-on-year in the SaaS sector in Germany
878 SaaS startups in Germany were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 145 |
2024 | 264 |
2023 | 386 |
2022 | 382 |
2021 | 630 |
2020 | 878 |
2019 | 623 |
2018 | 544 |
2017 | 454 |
Stage-wise distribution of SaaS sector companies in Germany
Out of the total 12,809 SaaS companies in Germany, 1,962 have secured funding. Among them, 1,452 have reached Series A or higher, and 1,260 to Series B or beyond.
Founded - 12,809
Funded - 1,962
Series A+ - 1,452
Series B+ - 1,260
Series C+ - 1,187
Company Stage | No. of companies |
|---|---|
Founded | 12,809 |
Funded | 1,962 |
Series A+ | 1,452 |
Series B+ | 1,260 |
Series C+ | 1,187 |
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Funding Trends in the SaaS sector in Germany
Total funding year-on-year in the SaaS sector in Germany
The SaaS sector in Germany saw a total funding of more than $18.3B in the last 10 years. The most amount of funding was in 2021 at more than $4.6B. There has been a total funding of $7.26M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $7.26M |
2025 | $2.38B |
2024 | $1.53B |
2023 | $2.44B |
2022 | $3.17B |
2021 | $4.6B |
2020 | $1.23B |
2019 | $1.56B |
2018 | $868M |
2017 | $478M |
Recent Funding Rounds in SaaS in Germany
In the year 2026, till January 2026, SaaS companies in Germany have raised $7.26M in equity funding across 1 round.
In the same period last year (i.e. till January 2025), SaaS companies in Germany had raised $207M across 7 rounds.
So, 2026 has seen a 96.5% drop in funding in SaaS companies in Germany as compared to 2025.
Here are some recent, important funding rounds in SaaS companies in Germany:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1379 | Jan 07, 2026 | and 3 more | |
Series C | 4011 | Dec 12, 2025 | ||
Seed | 4324 | Dec 10, 2025 | ||
Series A | 1418 | Dec 03, 2025 | and 4 more | |
Series A | 3126 | Nov 27, 2025 |
Top Investors in SaaS in Germany
Plug and Play Tech Center is the top investor in SaaS companies in Germany based on number of companies invested.
Here are some top investors in SaaS companies in Germany:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Menlo Park (United States) | ||
Cambridge (United States) | ||
Menlo Park (United States) | ||
Bonn (Germany) |
M&A activity in SaaS sector in Germany
In the year 2026, till January 2026, 2 acquisitions happened in SaaS sector in Germany. Last year, in 2025, a total of 45 acquisitions happened in SaaS sector in Germany.
Here are some recent, important acquisitions in SaaS sector in Germany:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 08, 2026 | ||
Business Acquisition | Jan 07, 2026 | ||
Business Acquisition | Dec 23, 2025 | ||
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Dec 01, 2025 |
Acquisition trends in SaaS sector in Germany
Here are the acquisition trends in SaaS sector in Germany:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 45 |
2024 | 59 |
2023 | 75 |
2022 | 82 |
2021 | 77 |
2020 | 44 |
2019 | 44 |
2018 | 31 |
2017 | 29 |
IPOs in SaaS in Germany
In the year 2023, till December 2023, 1 IPO happened in SaaS sector in Germany.
Here are some recent, important IPOs in SaaS sector in Germany:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 01, 2023 | Euronext Exchange (Euronext) | |
Oct 18, 2022 | OTC Markets (OTCMKTS) | |
Jun 11, 2021 | Toronto Stock Exchange (TSX) | |
May 19, 2021 | Frankfurt Stock Exchange (FRA) | |
Oct 23, 2020 | London Stock Exchange (LSE) |
Colleges which produce the most SaaS companies in Germany
Companies founded by alumni from top colleges in the SaaS in Germany
Most number of SaaS startups in Germany have been founded by alumni from Technical University of Munich, London School of Economics and Political Science and University of Oxford.
College | No. of companies |
|---|---|
Technical University of Munich | 23 |
London School of Economics and Political Science | 20 |
University of Oxford | 16 |
Harvard University | 14 |
Massachusetts Institute of Technology | 12 |
Bocconi University | 11 |
HEC Paris | 11 |
Imperial College London | 11 |
Stanford University | 11 |
INSEAD | 10 |
Total funding in SaaS companies founded by alumni from top colleges in Germany
In the last 10 years, Technical University of Munich graduates' SaaS companies in Germany have raised the most funding among top colleges. NYU Stern School of Business alumni are second, and London School of Economics and Political Science alumni are third.
College | Total Funding |
|---|---|
Technical University of Munich | $983M |
NYU Stern School of Business | $751M |
London School of Economics and Political Science | $613M |
Frankfurt School of Finance & Management | $291M |
INSEAD | $219M |
IIT Madras | $192M |
University of Oxford | $182M |
Stanford University | $162M |
Hong Kong University of Science and Technology (HKUST) | $140M |
Columbia University | $136M |
Top News in SaaS in Germany
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FINEXITY and EGRO Media Group Partner to Provide Retail Investors Access to Private Market InvestmentsWebDisclosure•Jan 07, 2026•ERGO, FINEXITY
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SUSE enters Saudi Arabia to power digital sovereignty and innovationTahawulTech.com•Dec 22, 2025•Suse
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TIS Helps Treasury Teams Navigate ISO 20022 Transition After the 2025 Banking DeadlineACN Newswire•Dec 10, 2025•TIS
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SUSE and evroc Announce Strategic Partnership for Sovereign European Cloud SolutionsGlobeNewswire•Dec 09, 2025•Suse, evroc
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Edge Computing: The New Frontier for Indian Retail,From Shelf to Cloud to the WorldExpress Computer•Dec 07, 2025•Suse
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SUSE Unveils AWS-Powered AI-Ready Container Management PlatformDEVOPSdigest•Dec 03, 2025•Suse, Amazon Web Services
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Regnology Launches RRH Ascend, Leveraging Straight-Through Reporting to Modernize Financial RegulationFinancial Post•Nov 19, 2025•Regnology
