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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.

767 Pool of Funded Startups

New Startups

456 Annual Startups FoundedAll new ventures

86 Annual Startups FundedReceived investment

get funded 19%

674Startups

303 Pre-Seed Startups$100K–1M

225 Seed Startups$1–4M

Pre-Seed to Seed 19%

146 Series A Startups$4–15M

Seed to Series A 19%

85Breakouts

59 Series B Breakouts$15–40M

A to Series B 46%

26 Series C Breakouts$40–100M

B to Series C 32%

8Scaleups

4 Mega Scaleups$100–250M

reach Mega 0.52%

4 Mega+ Scaleups$250M+

reach Mega+ 0.52%

9Valuation Outcomes

8 Unicorns($1–10B valuation)

reach Unicorn 1.0%

1 Decacorns($10–100B valuation)

reach Decacorn 0.13%

Pre-Seed

303

Seed

225

Series A

146

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 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

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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.

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

246

University spinouts

1,577

Total alumni-founded companies

1,183

Of which startups (<$15M raised)

318

Breakouts ($15M-100M)

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.

$123B

$106B

$91.2B

$68B

$67.4B

$65.8B