Hangzhou
Metro area · China · Pop. 13M · #15 city by EV
* 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.
Largest rounds
Largest funding rounds in Hangzhou
A live treemap of the largest VC rounds. Each cell is one round into Hangzhou-headquartered companies, grouped by Dealroom sector.
Largest rounds in Hangzhou - 2026
VC investment
How much venture capital flows into Hangzhou
VC investment into Hangzhou-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Hangzhou's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Hangzhou.
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Notable alumni-founded: MeituanPinduoduoByteDance (co-founders)Zhipu AI
Location comparison
How Hangzhou stacks up
Compare Hangzhou with peers from the same country (China) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in China ranked by combined EV. Hangzhou's row is highlighted (#6).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Yangtze Delta Region | $2T | 2.7× | 204 | $9.6B | 6,856 |
| 2 | Jingjinji Metropolitan Region | $1.7T | 3.6× | 176 | $6.5B | 4,464 |
| 3 | Beijing | $1.6T | 3.6× | 170 | $6.3B | 4,279 |
| 4 | Shenzhen | $1T | 1.9× | 52 | $2B | 2,160 |
| 5 | Shanghai | $1T | 5.3× | 130 | $4.1B | 3,513 |
| 6 | Hangzhou | $622B | 1.2× | 33 | $1.8B | 1,403 |
| 7 | Guangzhou | $179B | 14.2× | 15 | $861.6M | 1,533 |
| 8 | Nanjing | $109B | 6.2× | 10 | $338.4M | 483 |
| 9 | Chengdu | $33.5B | 28.6× | 5 | $382.7M | 393 |
| 10 | Wuhan | $31.6B | 4.6× | 8 | $379.6M | 337 |
| 11 | Chongqing | $24.6B | 11.3× | 6 | $1B | 176 |
| 12 | Changzhou | $18.9B | 4.2× | 2 | $3.8M | 108 |
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 Hangzhou dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Hangzhou ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.