Since ESMT’s founding, over 200 ESMT ventures have been established. These newly founded companies have raised over 190 million euros in capital and have also created more than 1,500 jobs. The three most successful ESMT venture champions include Medneo (funding of €100 million), Qover (funding of €43 million), and Flexcavo (funding of €15 million). 

The report considers all ESMT alumni and current students of ESMT's Full-time MBA, Executive MBA, Part-time MBA, Global Online MBA, Master in Management, Postgraduate Diploma in Management, PhD programs, Executive Transition Programs (ETP), and General Management Seminars (GMS). Primary sources for data collection were LinkedIn, Crunchbase, and Dealroom. ESMT graduates were also contacted to validate the information. 

“The figures of our first venture report show the great potential of our alumni and students and the meaning of entrepreneurship as an important part of ESMT education. The report is at the same time a great chance to further raise awareness of our strong entrepreneurial community,” says Baris Efe, manager and co-founder of Vali Berlin. 

Quentin Colmant, CEO and co-founder of Qover, adds, “Access to a strong network of mentors and the opportunity to connect with like-minded founders and startups were instrumental in my success at ESMT. Through my MBA studies, I acquired essential skills and knowledge that empowered me to launch Qover with confidence.” 

The venture report will be updated and published annually from now on to track the development and growth of the ESMT venture activities. The full report can be viewed here. 

*updated on March 16, 2023, 3 p.m.