Hanover
Metro area · Germany · Pop. 545K
Enterprise value
How much Hanover’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Hanover, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
VC investment
How much venture capital flows into Hanover
VC investment into Hanover-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
Hanover's startup funnel
Companies headquartered in Hanover at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
Quarterly report
Hanover's latest quarter in venture capital
VC raised by Hanover-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Hanover-headquartered companies…
Largest rounds
Largest funding rounds in Hanover
A live treemap of the largest VC rounds. Each cell is one round into Hanover-headquartered companies, grouped by Dealroom sector.
Largest rounds in Hanover - 2026
Academia
Hanover's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Hanover.
Location comparison
How Hanover stacks up
Compare Hanover with peers from the same country (Germany) — 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 Germany ranked by combined EV. Hanover's row is highlighted (#7).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Berlin/Brandenburg | $184B | 3.7× | 35 | $2.8B | 3,135 |
| 2 | Munich | $106B | 6.9× | 28 | $3.2B | 1,368 |
| 3 | Frankfurt | $20B | 3.9× | 8 | $106.6M | 459 |
| 4 | Stuttgart | $17.7B | 4.3× | 5 | $645.2M | 377 |
| 5 | Hamburg | $16.8B | 5.0× | 5 | $174.8M | 718 |
| 6 | Cologne - Bonn | $12.8B | 6.2× | 2 | $424.9M | 415 |
| 7 | Hanover | $8.7B | 7.3× | 4 | $9.2M | 105 |
| 8 | Düsseldorf | $7.6B | 1.7× | 5 | $16.8M | 203 |
| 9 | Dresden | $4.5B | 4.5× | 0 | $90.8M | 120 |
| 10 | Leipzig-Halle | $4.2B | 3.0× | 0 | $66.3M | 137 |
| 11 | Mannheim | $4B | 4.5× | 1 | $25.4M | 126 |
| 12 | Ruhr Area | $2.2B | 2.6× | 1 | $34.5M | 185 |
More data
Explore Dealroom data →Get the full Hanover ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.