byMediaBoost

Country comparison

China vs Germany: startup funding compared

Since 2 June 2025, startups in China raised $28.3B across 64 rounds, 2.4 times Germany's $11.9B.

ChinavsGermany
$28.3BCapital raised$11.9B
64Rounds332
$112MMedian round$6.7M
4.0%Share of all capital1.7%
27%Early-stage rounds70%

Capital raised running total by month

$28.3B$14.1B China, end of Jun 25: $97.4MChina, end of Jul: $306MChina, end of Aug: $451MChina, end of Sept: $518MChina, end of Oct: $518MChina, end of Nov: $571MChina, end of Dec: $1.2BChina, end of Jan 26: $3BChina, end of Feb: $4.4BChina, end of Mar: $4.9BChina, end of Apr: $7BChina, end of May: $7.3BChina, end of Jun: $7.3BChina, end of Jul: $11BChina, end of Aug: $11BChina, end of Sept: $12.6BChina, end of Oct: $28BChina, end of Nov: $28.3BGermany, end of Jun 25: $1.4BGermany, end of Jul: $2BGermany, end of Aug: $2.2BGermany, end of Sept: $2.4BGermany, end of Oct: $3.1BGermany, end of Nov: $3.5BGermany, end of Dec: $3.9BGermany, end of Jan 26: $4.6BGermany, end of Feb: $4.9BGermany, end of Mar: $5.3BGermany, end of Apr: $5.5BGermany, end of May: $5.6BGermany, end of Jun: $7.9BGermany, end of Jul: $10.4BGermany, end of Aug: $10.6BGermany, end of Sept: $11.4BGermany, end of Oct: $11.6BGermany, end of Nov: $11.9B Jun 25SeptDecMarJunSept
ChinaGermany
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Where the money goes share of capital by sector

China

  • AI84%$23.8B
  • Robotics & Hardware8%$2.1B
  • Other5%$1.3B
  • Health3%$765M
  • Climate & Energy1%$252M

Germany

  • AI42%$5B
  • Robotics & Hardware28%$3.4B
  • Climate & Energy11%$1.4B
  • Health5%$613M
  • Fintech5%$592M
  • Enterprise software4%$525M

Biggest rounds

China

  1. DeepSeek $15B 1
  2. Moonshot AI $3.5B 2
  3. StepFun $717M 3

Germany

  1. Helsing $1.8B 1
  2. Neura Robotics $1.4B 2
  3. Helsing $694M 3

Stage mix share of rounds

ChinaGermany
9%Pre-Seed and Seed51%
17%Series A20%
16%Series B7%
14%Series C and later3%
44%Other or undisclosed20%

Most active investors rounds joined

InvestorChinaGermany
High-Tech Gründerfonds·38
Bayern Kapital·20
HV Capital·14
Cherry Ventures·13
IBB Ventures·12
NRW.BANK·11
General Catalyst·10
UVC Partners·10
Antler·9
D11Z.Ventures·8
Y Combinator·8
Qiming Venture Partners7·

Startup hubs rounds and capital by city

China

  • Beijing19$6.8B
  • Shanghai10$1.2B
  • Shenzhen9$950M
  • Hong Kong1$400M
  • Suzhou3$170M
  • Hangzhou1$52M

Germany

  • Munich81$5.5B
  • Berlin117$2.8B
  • Freiburg3$307M
  • Stuttgart6$291M
  • Hamburg15$252M
  • Eresing1$175M

Latest rounds

Questions

Which country raised more startup funding, China or Germany?

China. Since 2 June 2025, startups in China raised $28.3B across 64 rounds, against $11.9B across 332 rounds in Germany, 2.4 times more. That is 4.0% and 1.7% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in China and Germany?

64 rounds in China and 332 rounds in Germany since 2 June 2025, about 4 and 18 a month.

Are startup rounds bigger in China or Germany?

The median round is $112M in China and $6.7M in Germany, and the average round $441M and $35.9M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in China?

The biggest startup rounds in China since 2 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).

What is the biggest startup round in Germany?

The biggest startup rounds in Germany since 2 June 2025 are Helsing ($1.8B, Series E, 13 Jul 2026), Neura Robotics ($1.4B, 10 Jun 2026) and Helsing ($694M, Series D, 16 Jun 2025).

Which sectors attract the most startup funding in China and Germany?

In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In Germany, AI ($5B, 42% of the capital), Robotics & Hardware ($3.4B, 28%) and Climate & Energy ($1.4B, 11%) lead.

Is China or Germany better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 70% in Germany. China recorded 6 Pre-Seed or Seed rounds and Germany 169 Pre-Seed or Seed rounds, with a median of $41.9M and $3.8M.

How much growth funding (Series B and later) goes to China and Germany?

Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In Germany, $5.6B in 32 rounds, 47% of the capital.

Who are the most active startup investors in China?

Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.

Who are the most active startup investors in Germany?

High-Tech Gründerfonds (38 rounds, 16 led), Bayern Kapital (20 rounds, 2 led) and HV Capital (14 rounds, 6 led) are the most active investors in Germany.

Which investors back startups in both China and Germany?

3 investors joined rounds in both countries. The most active: Tencent (4 in China, 3 in Germany), Frazier Life Sciences (1 in China, 1 in Germany) and Venrock Healthcare Capital Partners (1 in China, 1 in Germany).

Which cities lead startup funding in China and Germany?

Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Munich leads Germany with $5.5B across 81 rounds, ahead of Berlin ($2.8B).

Which month brought the most startup funding?

In China, October 2026 ($15.5B). In Germany, July 2026 ($2.5B).

How much did startups in China and Germany raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in China raised $17.2B across 13 rounds and in Germany $1.4B across 43 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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