Product Reports Resources Pricing Login Book a demo

Milan

Metro area · Italy · Pop. 3.2M

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

Enterprise value

How much Milan’s VC-backed companies are worth

Combined enterprise value of VC-backed companies headquartered in Milan, 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 Milan

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

Startup funnel

Milan's startup funnel

Companies headquartered in Milan at each stage today, by total VC raised. Hover a bar for the split.

681
Startups
$100K–15M raised

303 pre-seed · 233 seed · 145 Series A

92
Breakouts
$15–100M raised

64 Series B · 28 Series C

9
Scaleups
$100M+ raised

4 Mega · 5 Mega+

17
Unicorns and/or $100M+ revenue

9 valued at $1B+ · 16 with $100M+ revenue · 8 both

Source: Dealroom.co

Quarterly report

Milan's latest quarter in venture capital

VC raised by Milan-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

 

Loading VC raised by Milan-headquartered companies…

Largest rounds

Largest funding rounds in Milan

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

Largest rounds in Milan - 2026

Every $15M+ VC round into Milan-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

Academia

Milan's academic flywheel

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

University-linked startup formation
259
University spinouts
1,840
Total alumni-founded companies
1,377
Of which startups (<$15M raised)
378
Breakouts ($15M-100M)
85
Scaleups ($100M+)

Location comparison

How Milan stacks up

Compare Milan with peers from the same country (Italy) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$124B
$106B
$91.1B
$68.8B
$66B
$61.2B
Milan
$39.2B

Combined enterprise value of each ecosystem.

Get the full Milan ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.