September 2026
Largest Crypto & Web3 Platforms Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Bitcoin Group, Finexity, Net digital, More Impact and Tokentus Investment.
 | Bitcoin Group SE is a venture capital company. The Company focuses on the acquisition, sale and management of investments in companies, and the acquisition of strategic leadership, management and coordination of these companies. | $30 | -35% | $148M | $139M | 11.9x | 72.9x | ||
| Finexity AG operates a OTC trading venue for tokenized Private Market-Investments, directly connecting issuers with trading partners such as banks, independent asset managers, and financial intermediaries. Its platform enables efficient access to a broad range of tokenized Private Market-Investments - including Private Equity, Private Credit, Real Estate, Infrastructure, and Collectibles -covering the entire value chain from structuring and tokenization to placement, trading, and settlement. | $41 | -- | $53M | - | - | - | ||
| Net digital AG is a group of companies that partners with numerous medium-sized and large companies in the telecommunications, media, and entertainment sectors, as well as public transport companies. The group develops technology platforms for Global and customized digital payment solutions with a focus on digital content distribution. Its services include Global Payment Services, Mobile Payment Services, Content Distribution Services, Artificial Intelligence Solutions, Communication Services, and TV Enabling Services. | $22 | +47% | $45M | $42M | 0.9x | 8.6x | ||
| More Impact AG is passionately committed to a greener and more sustainable future. As a pioneer in sustainable investments, the company focuses on projects that advance the transition to renewable energies while also having a positive social impact. One of its first groundbreaking projects is the Z-Boxx, a concept that enables pollutant-free smoking and is intended to make a significant contribution to smoking cessation. The Z-Boxx aims to overcome the harmful and unhealthy image of cigarettes and offer an environmentally friendly alternative. It not only supports smoking cessation but also serves as a hookah to-go or for medicinal inhalation. The Z-Boxx offers a healthier alternative to traditional cigarettes and sets new standards in smoking. | $1 | -71% | $26M | $26M | - | (198.7x) | ||
| Tokentus Investment AG invests in blockchain companies and also uses their know-how and their network to help these companies achieve breakthroughs and success. | PE & VC+1 | $1 | -46% | $7M | $6M | 218.1x | (3.0x) | |
| Advanced Blockchain AG is a venture builder and investor in the blockchain industry with an extensive team of analysts, developers, programmers, economists and mathematicians dedicated to developing the future of Web 3.0 to innovate across diverse ecosystems in the industry. | $1 | -64% | $5M | $8M | 23.1x | (3.7x) | ||
| Coinix GmbH & Co KGaA is an investment company based in Hamburg, It invests in cryptocurrency and blockchain technology. | PE & VC+1 | $1 | -45% | $3M | $3M | 637.4x | (911.9x) | |
| Median | $1 | -45% | $26M | $17M | 23.1x | (3.4x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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