For entrepreneurs in Germany, it could be an exciting experience to own a company as the country is one of the most vibrant business ecosystems in Europe. Germany has a reputation for fostering talent and innovation. Apparently, it is a breeding ground for founders who are interested in changing the future of tech.

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Cleverciti Systems (Munich)

Founders: Thomas Hohenacker
Funding: €28,3 million
Valuation: $60 million – $90 million
Founded year: 2014

Why its hot: Cleverciti Systems is one of the leaders in high-tech and comprehensive solutions for on-street and outdoor parking detection, guidance, and monitoring. The company provides organisations with a highly reliable and robust solution, which enables convenience, boosts engagement, and builds loyalty. The company lets customers streamline parking experience, and maximise ROI. Back in 2017, Cleverciti Systems won the EIT Digital Challenge Winner Award.