Solutions Ecosystems Reports Resources Data Pricing Login Book a demo
Metro area · Europe

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.

🦄 New unicorns by year
1
Annual $1B+ outcomes, unsmoothed
🐎 Cumulative thoroughbreds
13
Company revenue history, 2016-2025
Enterprise value
$33.3B
Actual EV series, 2015-2025

Largest rounds

Largest funding rounds in Milan

A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into Milan-headquartered companies, grouped by Dealroom sector.

Largest rounds in Milan - 2026

Every $100M+ VC round into Milan-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

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.

Pre-Seed
303
Seed
216
Series A
141
Series B
56
Series C
23
Unicorn
9
Decacorn
1

* 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.

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. Live from the Dealroom Next Gen API.

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.

Decacorns $10B+ valuation 1
Bending Spoons
Unicorns $1B+ valuation 9
IllimityFlorence GroupYoox Net-a-PorterSatispayScalapayDomynMutuiOnline GroupPrimaFacile.it
Thoroughbreds+ $100M+ revenue 13
Bending SpoonsMutuiOnline GroupPrimaSeri JakalaFlorence GroupEpipoliIllimityEverliGrowensPoke HouseCasavoYoox Net-a-PorterMaticmindDovevivoKaleyra (Formerly Ubiquity)Facile.it

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
244
University spinouts
1,497
Total alumni-founded companies
1,115
Of which startups (<$15M raised)
290
Breakouts ($15M-100M)
92
Scaleups ($100M+)

Location comparison

How Milan stacks up

Compare Milan with peers from the same country (Italy) — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.

$124B
$108B
$92.3B
$87.9B
$65.2B
$59.7B
$51.4B
Milan
$39.3B

Combined enterprise value of each ecosystem.

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Milan dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Milan's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
Unlock on Dealroom
Capital autonomy
Milan's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
Unlock on Dealroom
Recent momentum
Milan's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
Unlock on Dealroom
Founder origins
Where Milan's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
Unlock on Dealroom
AI talent
Top employers of AI talent in Milan
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
Unlock on Dealroom
Deal flow
Live deal flow & funding rounds in Milan
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
Unlock on Dealroom

Get the full Milan ecosystem on Dealroom

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