Dresden
Metro area · Germany · Pop. 828K
Enterprise value · 2015–2025
Dresden grew 5.2× since 2015
Combined enterprise value of every tracked startup headquartered in Dresden that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Dresden's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
Academia
Dresden's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Dresden.
Vs. similarly-sized ecosystems
How Dresden stacks up
Peers chosen from the same country (Germany), sized closest to Dresden by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Germany — top cities
Top cities in Germany ranked by combined EV. Dresden'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 |
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