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Hangzhou

Metro area · China · Pop. 13M · #15 city by EV

A public taster of the full Hangzhou ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

1,040 Pool of Funded Startups

New Startups

95 Annual Startups FoundedAll new ventures

102 Annual Startups FundedReceived investment

get funded 107%

738Startups

191 Pre-Seed Startups$100K–1M

327 Seed Startups$1–4M

220 Series A Startups$4–15M

Seed to Series A 33%

217Breakouts

141 Series B Breakouts$15–40M

A to Series B 53%

76 Series C Breakouts$40–100M

B to Series C 36%

85Scaleups

47 Mega Scaleups$100–250M

reach Mega 4.5%

38 Mega+ Scaleups$250M+

reach Mega+ 3.7%

37Valuation Outcomes

35 Unicorns($1–10B valuation)

reach Unicorn 3.4%

1 Decacorns($10–100B valuation)

reach Decacorn 0.096%

1 Centicorns($100B–1T valuation)

reach Centicorn 0.096%

Pre-Seed

191

Seed

327

Series A

220

Series B

141

Series C

Unicorn

Decacorn

* 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

Every $15M+ VC round into Hangzhou-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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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.

University-linked startup formation

University spinouts

147

Total alumni-founded companies

Of which startups (<$15M raised)

Breakouts ($15M-100M)

Scaleups ($100M+)

Top universities producing founders tied to Hangzhou

🇨🇳 Tsinghua University Beijing · 200 alumni unicorns

Notable alumni-founded: MeituanPinduoduoByteDance (co-founders)Zhipu AI

Unlock the full university ranking for Hangzhou on Dealroom

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.

Yangtze Delta Region

$2T

Jingjinji Metropolitan Region

$1.7T

Beijing

$1.6T

Shenzhen

$1T

Shanghai

$1T

Hangzhou

$623B

Guangzhou

$182B

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×	210	$9.9B	7,038
2	Jingjinji Metropolitan Region	$1.7T	3.6×	178	$6.9B	4,520
3	Beijing	$1.6T	3.6×	174	$6.7B	4,331
4	Shenzhen	$1T	1.9×	53	$2.4B	2,240
5	Shanghai	$1T	5.2×	135	$4.5B	3,583
6	Hangzhou	$623B	1.2×	37	$2.2B	1,443
7	Guangzhou	$182B	14.5×	16	$891.8M	1,543
8	Nanjing	$108B	6.2×	10	$338.4M	489
9	Chengdu	$33.7B	27.0×	5	$410.2M	401
10	Wuhan	$32B	4.6×	8	$420.9M	345
11	Chongqing	$25B	11.5×	5	$1B	177
12	Changzhou	$18.7B	4.2×	2	$45M	113

More data

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Country China Asia · Pop. 1409M · #2 startup ecosystem by EV Region Asia Continent / region · #4 region by EV

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