Fractional CFO services in Munich
Munich is Europe's fourth-largest tech hub after London, Paris and Berlin, and the only German city to have been ranked #1 in the Financial Times 'Europe's Leading Start-up Hubs' ranking - a position it held for three consecutive years via UnternehmerTUM.
The city has produced Celonis ($13bn process-mining leader), Personio ($8.5bn HR SaaS), FlixBus and Lilium, and its deep university-to-spinout pipeline continues to compound.
We work with Munich-based startups from seed to Series B+, supporting them on fundraise prep, FP&A, investor reporting, unit economics, board packs and runway management.
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Munich startup ecosystem
Europe's #1 startup hub by FT ranking
UnternehmerTUM - the innovation and entrepreneurship centre of TU Munich - has anchored Munich at #1 in the Financial Times 'Europe's Leading Start-up Hubs' ranking for three consecutive years. Munich is Europe's fourth-largest tech hub by deal volume, with €3bn+ deployed annually in venture and growth rounds.
B2B SaaS, deeptech and mobility anchors
Celonis (process mining, $13bn), Personio (HR SaaS, $8.5bn) and FlixBus (mobility) define Munich's B2B and consumer scale-up story. The city hosts more than 500 deep-tech companies, with automotive-adjacent robotics, industrial IoT and autonomous systems adding a distinctly hardware-intensive layer.
Werksviertel, Lehel and Munich Urban Colab
Werksviertel in the east of the city is Munich's creative and tech campus cluster - repurposed industrial buildings housing startups alongside Pfanni and Optimol office anchors. Lehel and Schwabing carry the healthtech and medtech concentration near the university hospitals. Munich Urban Colab in the north is the dedicated innovation hub co-founded by UnternehmerTUM and the City of Munich.
TU Munich and LMU talent pipeline
TU Munich and Ludwig-Maximilians-Universität produce the engineering, computer-science and life-sciences pipeline that feeds the city's startups. BMW, Siemens, MAN and Allianz headquartered in Munich provide a deep secondary supply of senior engineering and finance talent for scale-up hires.
Accelerators and angel networks active in Munich
Munich's accelerator scene is anchored by UnternehmerTUM, consistently ranked Europe's leading entrepreneurship centre. These are the most active programmes founders consider when building in the city.
UnternehmerTUM / XPRENEURS
XPRENEURS is UnternehmerTUM's flagship incubator programme - a 3-month cohort starting twice yearly (March and September), supporting hardware and software startups from TU Munich and beyond. Notably, it takes no equity and provides access to UnternehmerTUM's €700m+ AUM fund and the TUM Venture Labs network.
TechFounders
TechFounders is a 20-week UnternehmerTUM-backed accelerator focused on automotive, mobility, automation, robotics and industrial IoT. It provides a €25k project budget without taking equity and creates direct pilots with BMW, Siemens and ZF. The programme targets founders who want a paid POC with a Tier-1 corporate before raising.
UnternehmerTUM Venture Labs
TUM Venture Labs are domain-specific startup labs co-located with TU Munich research groups - covering quantum, life sciences, aerospace, robotics and sustainability. Each lab provides deep-tech founders with lab access, IP licensing routes and direct academic co-founding partnerships.
Wayra Munich
Wayra München is Telefónica's corporate venture arm, providing €50k–€200k tickets to early-stage startups with IoT, B2B SaaS and digital-health relevance. Portfolio companies gain access to Telefónica's European network and direct commercial pilots.
Antler Munich
Antler Munich is the Bavarian cohort of the global Antler pre-seed programme - recruits technical and commercial co-founders individually, supports company formation over six months, and invests €100k+ tickets. Most recent cohorts have concentrated on enterprise AI and climate tech.
Startup Garage (TU Munich)
Startup Garage is TU Munich's lean start programme for very early-stage teams - a 14-week customer-discovery-first curriculum that runs as a precursor to XPRENEURS or external fundraising. No equity taken; primarily relevant for researcher-founders pre-incorporation.
We provide fractional CFO services across Munich and beyond
Simple pricing
No hidden costs, no complicated long-term contracts. We understand how important flexibility is for Munich startups.
Per month
- Accounting / FP&A tech stack implementation
- Monthly financial statements and reporting pack
- Quarterly board pack with detailed financial analysis (with variance analysis vs. budget, relevant KPI observations etc.)
- Investor-friendly output
Per month
- Everything in Core, plus
- Operating model (via an online platform like Runway or Excel-based)
- Ongoing model maintenance, refining projections, burn/runway management
- Customer cohorts modelling, churn and retention analysis
- LTV / CAC, unit economics analysis
- Cap table management
Per month
- Everything in Grow, plus
- M&A / fundraising support; review of business plan
- Pitch deck preparation
- Investor approach strategy / list building
- Due diligence support and deal negotiation
- Valuation as required and free access to Multiples Pro
Packages shown are illustrative, final pricing is tailored to client requirements.
Recently completed fractional CFO projects
Selected fractional CFO engagements and prior CFO experience.
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