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Metro area · Europe

Berlin/Brandenburg

Metro area · Germany · Pop. 6.2M · #34 city by EV

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$186B+29%
Combined startup EV
$2.8B
VC invested (last 12mo)
3,039
Tracked startups
#39/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
33
33 live $1B+ companies
💎 Decacorns
1
$10B+ tier
🐎 Thoroughbreds
49
Top 1% growth · $500M+

Adjacent cities by EV

Academia

Berlin/Brandenburg's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Berlin/Brandenburg.

University-linked startup formation
751
University spinouts
1,060
Total alumni-founded companies
727
Of which startups (<$15M raised)
251
Breakouts ($15M-100M)
82
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Berlin/Brandenburg stacks up

Peers chosen from the same country (Germany), sized closest to Berlin/Brandenburg by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
Berlin/Brandenburg
$186B
$108B
$19.9B
$16.8B
$16.3B
$6.6B
$5.8B
EV growth (5-yr ×) vs current EV
peer median 3.9× 1.5× 4.3× 7.1× $5.2B $31.2B $186B EV growth (5yr ×) Combined enterprise value (log) Munich Frankfurt Berlin/Brandenburg

Top overview

Germany — top cities

Top cities in Germany ranked by combined EV. Berlin/Brandenburg's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 Berlin/Brandenburg $186B 3.6× 33 $2.8B 3,039
2 Munich $108B 7.1× 22 $3.2B 1,298
3 Frankfurt $19.9B 3.4× 5 $105.2M 447
4 Hamburg $16.8B 5.2× 5 $168.5M 692
5 Stuttgart $16.3B 3.9× 4 $672.5M 366
6 Cologne - Bonn $14.2B 4.5× 3 $430.4M 403
7 Düsseldorf $6.6B 1.5× 4 $16.2M 194
8 Hanover $5.8B 5.2× 3 $39.2M 108
9 Mannheim $5.2B 3.5× 1 $21.4M 120
10 Leipzig-Halle $4.2B 3.0× 0 $65.5M 127
11 Dresden $3.8B 5.2× 0 $19.8M 112
12 Aachen $2.2B 7.1× 0 $70M 120

Sector concentration

Where Berlin/Brandenburg punches above its weight

Sectors in which Berlin/Brandenburg's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Berlin/Brandenburg is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.

🥗 Food
8.51×
4 unicorns · 7.1% of global sector
6.81×
10 unicorns · 5.7% of global sector
6.77×
5 unicorns · 5.7% of global sector
Energy
6.50×
6 unicorns · 5.5% of global sector
📣 Marketing
6.27×
2 unicorns · 5.3% of global sector
5.47×
14 unicorns · 4.6% of global sector
4.87×
9 unicorns · 4.1% of global sector
💸 Fintech
4.50×
12 unicorns · 3.8% of global sector

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Berlin/Brandenburg dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Berlin/Brandenburg's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Berlin/Brandenburg's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Berlin/Brandenburg's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Berlin/Brandenburg's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Berlin/Brandenburg
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Berlin/Brandenburg
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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