Hong Kong
Metro area · Asia · Pop. 7.5M · #34 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.
Quarterly report
Hong Kong's latest quarter in venture capital
VC raised by Hong Kong-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Hong Kong-headquartered companies…
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
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.
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.
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 | $2.1T | 3.9× | 219 | $10.2B | 7,073 |
| 2 | Jingjinji Metropolitan Region | $1.8T | 3.7× | 179 | $6.8B | 4,518 |
| 3 | Beijing | $1.7T | 3.7× | 175 | $6.7B | 4,332 |
| 4 | Shanghai | $1.1T | 7.3× | 140 | $4.7B | 3,591 |
| 5 | Shenzhen | $1T | 20.5× | 54 | $2.4B | 2,252 |
| 6 | Hangzhou | $641B | 1.8× | 37 | $2.2B | 1,452 |
| 7 | Tel Aviv | $501B | 7.0× | 119 | $9.2B | 3,729 |
| 8 | Seoul | $387B | 14.7× | 46 | $7.2B | 5,322 |
| 9 | Singapore | $342B | 8.8× | 43 | $4B | 4,110 |
| 10 | Bengaluru | $300B | 6.4× | 53 | $6.1B | 3,725 |
| 11 | Mumbai | $244B | 15.4× | 27 | $2.8B | 2,048 |
| 15 | Hong Kong | $185B | 12.9× | 20 | $3.1B | 1,297 |
More data
Explore Dealroom data →Get the full Hong Kong ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.