Jörn "Joe" Menninger

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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 over the last 12 months — 8 in all, peaking in Jun 2026 with 3.

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And the third highest figure on record, so on EY methodology, 25 looks like a recovery year.

So why the gap?

Because the two organizations count differently.

KFW uses dealroom.co's database and captures a much broader range of rounds, over 1400 deals in 25 alone.

EY uses press releases and crunch base and captures the deals that get publicly announced.

716 rounds in 25.

Different methodologies, different lenses, but both pointing the same direction.

So whether you trust KFW or E&Y.

The story is consistent.

Germany did not collapse.

Germany did not break out.

Capital is available, but it is concentrating into fewer, larger, more selective rounds.

EY counted 18 rounds above 100 million euros in 25.

6 more than the year before and the total volume in that bracket rose by almost 1.5 billion euros to roughly 3.72 billion.

That is the real shape of the German market right now, not a broad based recovery concentration.

The hidden story, fewer deals, larger rounds, fewer founders served.

Let me put a sharper number on the concentration.

EY reports that the total number of German financing rounds fell by 5% in 25 to 716 deals.

That is the fourth consecutive yearly decline.

It is the lowest deal count since 2019.

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