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Factors influencing venture capital funds from the United States to participate in German startup financing rounds: an in-depth study on financing round characteristics
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| 6.42 MB | Adobe PDF |
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Resumo(s)
This study investigates the growing role of U.S. venture capital investments in Germany,
focusing on round, startup, and investor characteristics that influence U.S. participation.
Despite the importance of Germany for European VCs, research on U.S. cross-border activity
remains scarce. Using OLS regression models based on commercial register and Dealroom data
while complementing our findings with experts’ insights, we demonstrate that U.S. investors
focus on late-stage investments, larger rounds, and quality startups, while driving up valuations.
Moreover, the study highlights the influence of investor reputation and portfolio size on U.S.
investors’ participation, providing an overview of influencing factors without claiming
causality.
Descrição
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Cross-border venture capital Financing rounds Pre-money valuation Deal terms United States Germany Multivariate regression analysis