Germany Builds $12B Tech Startup Fund: Bloomberg

Germany is investing €10 billion ($12 billion) to support technology startups in their growth phase, Bloomberg reports.
The money will find its way into an investment fund to help the startups seamlessly raise venture capital, Finance Minister Olaf Scholz and Economy Minister Peter Altmaier said.
German startups, including financial technology firm N26, air-taxi maker Lilium and travel platform Omio, raised $4.5 billion in 2020, with the largest rounds still led by foreign investors.
While access to private capital has improved in recent years, female founders remain a minority in the German startup ecosystem.