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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.

760 Pool of Funded Startups
456 Annual Startups FoundedAll new ventures
86 Annual Startups FundedReceived investment
get funded 19%
301 Pre-Seed Startups$100K–1M
222 Seed Startups$1–4M
Pre-Seed to Seed 19%
143 Series A Startups$4–15M
Seed to Series A 20%
60 Series B Breakouts$15–40M
A to Series B 49%
25 Series C Breakouts$40–100M
B to Series C 32%
4 Mega Scaleups$100–250M
reach Mega 0.53%
5 Mega+ Scaleups$250M+
reach Mega+ 0.66%
9 Unicorns($1–10B valuation)
reach Unicorn 1.2%
1 Decacorns($10–100B valuation)
reach Decacorn 0.13%
Pre-Seed
301
Seed
222
Series A
143
Series B
60
Series C
25
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.

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
244
University spinouts
1,561
Total alumni-founded companies
1,170
Of which startups (<$15M raised)
315
Breakouts ($15M-100M)
76
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.

$125B
$106B
$91B
$67.8B
$65.8B
$59.8B
$51.2B
Milan
$39.1B

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

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