DACH News May 2026: $3.67B Funding & Helsing's $1.2B

Germany raised $3.67B across 166 equity rounds through May 2026, up 11.61% year-over-year, while Helsing's $1.2B raise at an $18B valuation made it the country's most valuable startup — Jörn “Joe” Menninger runs the numbers.

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Why this episode matters: Reading each month's rounds is how operators anticipate the next cycle. May 2026's data — from Helsing's mega-raise to SAP and the orbit question — shows where DACH capital is concentrating.

In this episode, we cover:

• Germany's $3.67B across 166 equity rounds, up 11.61% YoY
• Helsing's $1.2B raise at an $18B valuation
• What SAP and the 'orbit question' signal
• The month's other standout rounds
• What the data says about investor appetite

Related episodes: Startup News April 2026: Why DACH Venture Capital Is… · DACH Startup News March 2026: Robotics, Defence & the…

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