Investments in German start-ups reach record level of 6.2 bln euros in 2019

BERLIN, Jan. 14 (Xinhua) -- The total amount invested in start-ups in Germany increased by 36 percent to 6.2 billion euros (6.9 billion U.S. dollars) in 2019, compared to the previous year, setting a new record, consulting firm Ernst & Young (EY) announced on Tuesday.

"German start-ups have never before received so much money as they did last year, so the financing boom continues unabated," said Hubert Barth of EY Germany.

Last year, 13 deals with a volume of over 100 million euros had been concluded, according to EY. The two largest deals had been 500 million euros for FlixMobility, a provider of long-distance bus travels, and the investment of 428 million euros for the travel app GetYourGuide.(1 euro = 1.11 U.S. dollars)