Berlin may be a hub for European entrepreneurs but without exit routes from investments it remains difficult to attract capital to the sector, said venture capital panellists at the SuperReturn German Private Equity Summit in Berlin.

Miriam Schmitter, managing director at Cambridge Associates, said that the venture capital industry in Europe, and particularly Germany, was maturing. "Now we have got experienced entrepreneurs...that are coming back - not going to the beach. They are coming back with second [or] third businesses."