Milan
Metro area · Italy · Pop. 3.2M
Enterprise value · 2015–2025
Milan grew 16.9× since 2015
Combined enterprise value of every tracked startup headquartered in Milan that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Milan'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.
Notable companies
Top private companies in Milan
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
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.
Vs. similarly-sized ecosystems
How Milan stacks up
Peers chosen from the same country (Italy), sized closest to Milan by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Premium analytics
What we don't show on this page (yet)
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