I was a bit surprised by this
A study by research database VentureSource commissioned by Die Welt estimated that $2.2 billion (€2.01 billion) was invested in Berlin firms last year, compared to $1.5 billion (€1.37 billion) in London – and the investment boom looks set to continue for the German capital.
The first quarter of 2015 saw around $840 million (€771 million) of venture capital flow into the city, more than triple the sum of the first quarter of 2014. The increase brings Berlin almost on a par with London, which so far this year has seen venture capital of around $850 million (€780 million).
What is going on?
Data published by Lamudi illuminates one of Berlin’s attractions: its living expenses. While a one-room apartment in zone one costs around €2000-2500 per month in London, a similar apartment in Berlin sets tenants back around €600-800 a month.
Transport in London is also more than double the price of that in Berlin – with monthly transport costs between zones one and two around €170 in London compared to just €80 in Berlin.
“While London offers a good foundation in terms of capital and tech support for start-ups to grow, it mainly lacks quality of life,” commented Paul Hermann, Co-Founder at Lamudi.