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Hong Kong

Metro area · Asia · Pop. 7.5M · #37 city by EV

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

744 Pool of Funded Startups

New Startups

321 Annual Startups FoundedAll new ventures

95 Annual Startups FundedReceived investment

get funded 30%

593Startups

206 Pre-Seed Startups$100K–1M

213 Seed Startups$1–4M

174 Series A Startups$4–15M

Seed to Series A 22%

108Breakouts

67 Series B Breakouts$15–40M

A to Series B 18%

41 Series C Breakouts$40–100M

B to Series C 23%

43Scaleups

23 Mega Scaleups$100–250M

reach Mega 3.1%

20 Mega+ Scaleups$250M+

reach Mega+ 2.7%

21Valuation Outcomes

17 Unicorns($1–10B valuation)

reach Unicorn 2.3%

4 Decacorns($10–100B valuation)

reach Decacorn 0.54%

Pre-Seed

206

Seed

213

Series A

174

Series B

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 Hong Kong

A live treemap of the largest VC rounds. Each cell is one round into Hong Kong-headquartered companies, grouped by Dealroom sector.

Largest rounds in Hong Kong - 2026

Every $40M+ VC round into Hong Kong-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Hong Kong

VC investment into Hong Kong-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Hong Kong's academic flywheel

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

University-linked startup formation

University spinouts

624

Total alumni-founded companies

381

Of which startups (<$15M raised)

165

Breakouts ($15M-100M)

Scaleups ($100M+)

Location comparison

How Hong Kong stacks up

Compare Hong Kong with peers from the same continent (Asia) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$623B

$504B

$381B

$330B

$322B

$295B

$287B

$266B

Hong Kong

$178B

Combined enterprise value of each ecosystem.

Top cities in Asia ranked by combined EV. Hong Kong's row is highlighted (#12).

#	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	Tel Aviv	$504B	6.6×	119	$9.2B	3,677
8	Seoul	$381B	14.4×	42	$7.3B	5,306
9	Singapore	$322B	8.5×	40	$4B	4,063
10	Bengaluru	$295B	6.3×	51	$6B	3,688
11	Mumbai	$244B	15.2×	26	$2.8B	2,034
15	Hong Kong	$178B	12.4×	21	$3.1B	1,280

More data

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Region Asia Continent / region · #4 region by EV Country China Asia · Pop. 1409M · #2 startup ecosystem by EV Country India Asia · Pop. 1450.9M · #4 startup ecosystem by EV Country Israel Asia · Pop. 10M · #5 startup ecosystem by EV Country South Korea Asia · Pop. 51.8M · #7 startup ecosystem by EV

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