2023-06-20 09:49:00
Berlin
Since the beginning of 2022, 86 start-ups have announced their closure in the capital.
(Photo: IMAGO/Dirk Sattler)
Berlin, Düsseldorf No more unpackaged groceries from alpacas, no more e-cargo bikes from Avocargo and no more bathroom renovations by Banovo. All these start-ups have disappeared from the market.
In Germany, more and more start-ups are going bankrupt because they can no longer cover their costs – and venture capitalists are less willing to inject fresh money. Since start-ups are usually not profitable in the initial phase, they urgently need the help of investors.
According to exclusive calculations by Startupdetector for the Handelsblatt newspaper, 67 start-ups filed for bankruptcy in the first quarter, compared to only 39 young companies in the same period last year. Berlin was hit hardest, where a total of 86 start-ups have announced their closure since the beginning of 2022. That is more than twice as many as in Munich or Hamburg.
Savings and job cuts come before the start-up goes bankrupt
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