Jörn "Joe" Menninger
speaker
1,749 appearances
8 recordings
1 series
first heard May 2026
last heard 13 Aug
Jörn "Joe" Menninger’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Jun 2026 with 3.
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Germany's VC market after the corrections table is not strong.
Hello and welcome everybody.
This is Joe from startuprate.io recording from Frankfurt am Main and today I want to talk about something that is going to sound at first like good news because the headlines when you read the latest KFW venture capital dashboard for the first quarter of 2026 and when you read the EY startup barometer from January 2026
Look, almost reassuring.
The German venture capital market has stabilized.
Roughly 7.2 billion euros invested in 2025, according to KfW.
Almost 8.4 billion, according to EY.
about 1.7 billion euros raised by German startups in the first quarter of 2026, which is essentially flat compared to the first quarter of the three years before.
That sounds calm.
That sounds finally after the boom and bust of 2021 and 2022 like a market that has caught its breath.
But here's the catch.
Stabilization is good news only if the world around you is stable.
And the world around the German venture capital market in 2026 is anything but stable.
Artificial intelligence, defense, energy, climate infrastructure, biotech, robotics, hardware, these sectors have made the market more capital intense, not less.
The bar has moved.
So the thesis for today in one line is this.
German venture capital is no longer in crisis, but it is still not built for the age of capital-intense technology.
That is the story I want to walk you through today.
The specific German signal in the latest KfW and EY data.
What it tells us about where German venture capital actually stands in 2026.
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