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German Startup News – April 2026: Venture Capital Leaves SaaS for Defense & Deep Tech

DACH venture capital has completed a structural rotation: out of pure SaaS, into companies that build physical things governments and enterprises can’t do without — defense, space, and sovereign tech. Joe and co-host Chris Fahrenbach break down the April numbers, Munich’s permanent funding lead over Berlin, and Germany’s record €25B WIN initiative.

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Why this episode matters: The funding bar has changed: if your startup doesn’t touch the physical world or hold a procurement contract, capital just got harder. This is…

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