The short answer is yes. Dubbed the fastest-growing tech city in Europe by Hubspot, areas like Silicon Allee are tech communities, with startups attracted to the city.
Furthermore, there are also tons of enterprise software companies in Berlin. Why? The availability of affordable office space, not to mention the culture and diversity, enticing young people from all over the world.
The cost of living is low (especially compared to Silicon Valley in the US), there’s work-life balance, and dynamism. Fair job opportunities are offered to tech and software companies in Berlin, cutting out recruiters and middlemen, and the metropolis is home to a large range of co-working spaces.
In 2019, tech companies in Berlin received nearly 40% of the total capital raised by German startups. Tech organizations also have local government support, whereby an initiative with KfW Capital promotes technology-oriented growth companies in Germany.
Even London-based Revolut and Stockholm’s Klarna have opened tech centers in Berlin.