Startups jobs in Berlin: an introduction · Venture capital is a catalyst for startup job growth....
Transcript of Startups jobs in Berlin: an introduction · Venture capital is a catalyst for startup job growth....
Startups jobs in Berlin: an introduction
January 2020
January 2020 | https://startup-map.berlin
The data in this report is sourced from https://startup-map.berlin, the most complete and detailed picture of Berlin’s tech ecosystem.
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Startup Jobs in Berlin
Initiated by
Supported by
3,752
2,935
1,958
Public database Qualified startups Final dataset
January 2020 | https://startup-map.berlin
This employment report includes 1,958 verified startups with employment data.
Startup Jobs in Berlin
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Initial dataset
Captured by the ecosystem map, using
multiple sources including news-flow
processing, web scraping, analytics, user-
submitted contributions and manual
research.
EXCLUDING: Service Providers, non-tech, mature (founded before 1999), workspaces,
fully acquired organizations
EXCLUDING: Companies lacking employment data
Startups >10 years
Startups <10 years
Startups <10 years
Startups >10 years
Source: Dealroom.co
THE EARLY DAYS THE FORMATIVE YEARS GLOBAL EXPANSION DIVERSIFICATION
23Kpeople
29K people
22Kpeople
5Kpeople
1999-2005 2006-2010 2011-2015 2016-now Employees today
January 2020 | https://startup-map.berlin
Source: Dealroom.co
How old is the Berlin startup ecosystem?
Startup Jobs in Berlin
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211 companies today
581 companies today
1,542 companies today
1,136 companies today
13K19K
23K
22K
26K
29K
19K
20K
22K
4K
5K
5K
58K
70K78K
2017 2018 2019
January 2020 | https://startup-map.berlin
Source: Dealroom.co
Berlin counts an estimated 78K startup jobs, of which 20K added in the last two years. Younger startups create by far the most existing and new jobs.
Number of Berlin startup jobs
Startup Jobs in Berlin
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2016-now cohort ▶
2011-2015 cohort ▶
2006-2010 cohort ▶
1999-2005 cohort ▶
◀ +10K jobs
◀ +7K jobs
◀ +3K jobs
◀ +1K jobs
▪ 78K jobs from 2K startups
▪ Roughly 20% of jobs are in product development & software engineering
▪ Excluded are foreign startups with a Berlin office like eBay, Facebook, Google et cetera
January 2020 | https://startup-map.berlin
The largest startup employer is Zalando (8% of total). The top-10 employers contribute 18% of jobs, followed by a long tail of startups.
Startup Jobs in Berlin
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Number of employees
>1,000
Top 50: 33% of jobs
All 1,958 startups100% of jobs
78,000
Source: Dealroom.co
1,958 startups
1.S6: would be interesting to see cutoff #employees, or ranges (e.g. Blacklane to Adjust 300-500, Awin to Infarm 100-300 etc).
Top 10: 18% of jobs
500-1,000
January 2020 | https://startup-map.berlin
Source: Dealroom.co
Compared with Amsterdam, Berlin startups employ twice as many people.
Cumulative number of employees
Startup Jobs in Berlin
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0K
10K
20K
30K
40K
50K
60K
70K
80K
90K
0,001th 0,256th 0,511th 0,766th 1,021th 1,276th 1,531th 1,786th
Berlin1,958 companies78K employees
Amsterdam1,519 companies38K employees
2,000 companies
January 2020 | https://startup-map.berlin
Source: Dealroom.co. VC backed startups only.
Startups in Berlin scale over 2x faster, than their Dutch counterparts, on average.
Startup Jobs in Berlin
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50
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1 2 3 4 5 6 7 8 9 10
Age in years
◀ Berlin startups
◀ Dutch startups
Why do Dutch startups scale slower on average?
The question deserves further research. But a
partial answer is that most Dutch startup
successes are older than 10 years: Booking,
Takeaway, Adyen, TomTom. Gitlab and Elastic
moved to the USA. The biggest recent employers
are Picnic, Temper and Cnova. Also, the VC
industry is much smaller in the Netherlands. And
the biggest successes (Booking, Tomtom, Adyen)
didn’t flow back into the Dutch ecosystem as the
company was acquired early by Priceline for less
than $150M.
January 2020 | https://startup-map.berlin
Source: Dealroom.co. Valuations are computed using valuation estimates based on Venture Capital rounds.
Jobs are not nearly as concentrated as startup valuation. While the top 10 startups contribute 17% of jobs, they contribute 62% of total ecosystem value.
The top 10 most valuable startups contribute 62% of startup valuation
Startup Jobs in Berlin
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The top 10 employers contribute 22% of employees
€ 29.5B
€ 9.4B
€ 8.7B Not meaningful € 47.6B
Top 10 Next 50 Next 500 Rest Total
13K
9K
21K
35K 78K
Top 10 Next 50 Next 500 Rest Total
January 2020 | https://startup-map.berlin
While most companies are small, employees are distributed evenly across companies of different sizes.
Startup Jobs in Berlin
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Companies by company size Employees by company size
Pawel: I do not get slide 10 - what is the point?
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January 2020 | https://startup-map.berlin
Source: Dealroom.co
A relatively small group of startups achieve hyper-growth. But there is a large group lesser known startups creating lots of jobs (even more jobs in absolute sense).
Berlin companies by age and number of employees
Startup Jobs in Berlin
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Age
Em
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High profile companies
The belly of employment
250
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January 2020 | https://startup-map.berlin
Source: Dealroom.co
The center of gravity in terms of jobs lies in companies up to 9 years old and up to 70 employees, which contains 50% of jobs.
Startup Jobs in Berlin
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Number of employees
Age of company50% of jobs
1K
1K
1K
1K
2K
2K
3K
4K
4K
4K
5K
5K
5K
9K
13K
Finance and insurance service provider
Real Estate
Transportation and storage
Public administration, Defense, Social insurance
Hospitality
Manufacturing industry
Construction industry
Trade
Education
Other economic service
Health and social services
Freelancing, scientific and technical services
Production industry
Information and Communication
Startups
Service areas
January 2020 | https://startup-map.berlin
Source: Dealroom.co
Startups are a significant contributor to job growth in Berlin.
Nr of new jobs created 2017-2018
Startup Jobs in Berlin
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2%
2%
2%
2%
2%
3%
3%
3%
3%
3%
4%
4%
4%
5%
10%
21%
Manufacturing industry
Transportation and storage
Public administration, Defense, Social insurance
Trade
Hospitality
Health and social services
Other economic service
Finance and insurance service provider
Production industry
Service areas
Real Estate
Freelancing, scientific and technical services
Education
Construction industry
Information and Communication
Startups
% growth 2017-2018
38K
1,403
149 10939
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30
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January 2020 | https://startup-map.berlin
Source: Dealroom.co
Venture capital is a catalyst for startup job growth.
Number of Berlin startups by funding received and average size
Startup Jobs in Berlin
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No funding €1-5M €5-15M €15-25M €25-50M €50-250M €250M+
Av
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1,403 Berlin startups (70%) are not venture
backed.
1.S13: add candlestick style lines for min max or 25% 75% percentile?
$110m Series BDec 2019
$484m Series EMay 2019
$150m Series DOct 2018
$470m Series DJul 2019
$400m Series DNov 2019
$100m Series BJun 2019
€460m Growth EquityJan 2019
€100m Series DFeb 2019
Source: Dealroom.co
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Investment into German startups has reached record levels. Most of the proceeds will be used to build teams, creating new jobs.
Startup Jobs in Berlin
January 2020 | https://startup-map.berlin
€3.0B
€2.2B
€3.3B
€4.6B
€6.6B
2015 2016 2017 2018 2019
VC investment in German companies Selected funding rounds
Source: Dealroom.co
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German VC firms have been raising more capital than ever before, some of which will be invested into Berlin startups.
€900MSep 2019
$700MSep 2019
€306MJan 2018
€100M + $100MSep 2017 + Jun 2018
€175MJun 2019
€175MJul 2018
€120MJan 2019
$200MSep 2019
Selected new German funds
Startup Jobs in Berlin
January 2020 | https://startup-map.berlin
€1.3B
€0.9B
€1.7B
€1.4B
€2.4B
2015 2016 2017 2018 2019
New VC funds raised in Germany
January 2020 | https://startup-map.berlinPage / 17
A rapidly expanding network of interconnected ecosystems.
Startup Jobs in Berlin
Live since July 2019
Coming soon!
Live since Oct 2019
Live since March 2018
Coming soon!
January 2020 | https://startup-map.berlinPage / 18
Ecosystem solutions already five major hubs in Germany.
Startup Jobs in Berlin
January 2020 | https://startup-map.berlin
Explore the underlying data in this report: startup-map.berlin/dashboard
3,700+ startups & scaleups
200+ Accelerators, workspaces
1,200+ funds & corporate investors
3,000+ Funding rounds & exits
Startup Jobs in Berlin
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