Memphis
Metro area · United States · Pop. 1.3M
Enterprise value · 2015–2025
Memphis grew 3.1× since 2015
Combined enterprise value of every tracked startup headquartered in Memphis that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Memphis's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* 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.
Academia
Memphis's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Memphis.
Vs. similarly-sized ecosystems
How Memphis stacks up
Peers chosen from the same country (United States), sized closest to Memphis by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
United States — top cities
Top cities in United States ranked by combined EV. Memphis's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Bay Area | $20.1T | 7.9× | 777 | $157B | 24.3K |
| 2 | Seattle | $3.1T | 10.6× | 68 | $6.6B | 2,935 |
| 3 | Austin | $2T | 14.0× | 56 | $8.1B | 2,481 |
| 4 | New York City | $1.7T | 5.3× | 296 | $31.2B | 16.4K |
| 5 | Boston | $1.2T | 4.7× | 185 | $13.6B | 6,194 |
| 6 | Los Angeles | $1.2T | 5.8× | 133 | $18.3B | 8,432 |
| 7 | Miami | $619B | 12.9× | 33 | $2.9B | 2,736 |
| 8 | San Diego | $399B | 6.2× | 52 | $3.3B | 2,230 |
| 9 | Washington DC | $317B | 4.2× | 45 | $3.5B | 2,318 |
| 10 | Chicago | $256B | 3.5× | 50 | $2.1B | 2,924 |
| 11 | Dallas | $195B | 3.9× | 31 | $1.5B | 1,866 |
| 82 | Memphis | $2.4B | 3.5× | 0 | $6.5M | 175 |
Premium analytics
What we don't show on this page (yet)
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