Munich, Germany 
September 13, 2023 Germany dominates the list of fastest growing teams in the DACH region.
After VC funding fell for four consecutive quarters, data from July this year suggests funding in the DACH region (Germany, Austria and Switzerland) is on the road to recovery. That is being propped up by Germany though, which has also seen some of its startups ramp up hiring in the last 12 months.
Using data from Dealroom, Sifted has compiled the 15 fastest-growing DACH startup teams over the last 12 months — to eliminate the high percentage growth of small early-stage startups growing quickly, companies had to have raised at least $50m to be considered. Total funding and headcount figures are taken from Dealroom. Of the 15 fastest-growing startup teams in the DACH region, 13 hail from Germany. The other two are Swiss.
Here are the DACH region’s fastest growing startup teams.
Qwello
Qwello is a builder, owner and operator of electric vehicle (EV) charging infrastructure providing charging in European cities across major European cities. It focuses on inner-city areas and operates charging poles in partnership with local municipalities. It last raised €50m in early VC funding from US private equity firm Tiger Infrastructure Partners.
Founded: 2017
HQ: Munich, Germany
Team growth this year: 115% to 88 employees
Last raised: €50m early VC, November 2021
Total funding: €50m
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Source
Read the full original article on Sifted here.