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Metro area · Europe

Moscow

Metro area · Russia · Pop. 20M

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

$40.2B+18%
Combined startup EV
$33.6M
VC invested (last 12mo)
1,020
Tracked startups
#182/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
7
7 live $1B+ companies
💎 Decacorns
0
🐎 Thoroughbreds
10
Top 1% growth · $500M+

Enterprise value · 2015–2025

Moscow grew 2.3× since 2015

Combined enterprise value of every tracked startup headquartered in Moscow that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $17.5B $35B $52.5B $70B Moscow · $40.8B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Moscow'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
300
Seed
188
Series A
101
Series B
40
Series C
21
Unicorn
6
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.

Notable companies

Top private companies in Moscow

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
Yandex
Unicorns $1B+ valuation 6
AVITOVKNoventiqT-BankFreedom HoldingOzon
Thoroughbreds+ $100M+ revenue 10
YandexOzonFreedom HoldingControl LeasingT-BankMail.ru Groupivi.ru MediaNoventiqBadooAVITO

Academia

Moscow's academic flywheel

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

University-linked startup formation
2
University spinouts
543
Total alumni-founded companies
356
Of which startups (<$15M raised)
132
Breakouts ($15M-100M)
55
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Moscow stacks up

Peers chosen from the same country (Russia), sized closest to Moscow by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$124B
$108B
$92.3B
$87.9B
$65.2B
$59.7B
$51.4B
Moscow
$40.2B
EV growth (5-yr ×) vs current EV
peer median 5.3× 1.4× 12.5× 23.6× $5.1B $60.8B $726B EV growth (5yr ×) Combined enterprise value (log) London Paris Amsterdam Stockholm East of England Berlin/Brandenburg Cambridge (UK) Copenhagen Munich Dublin Zurich South East England Ghent Helsinki Oslo Yorkshire and the Humber Tallinn Edinburgh Barcelona Milan Madrid North West England York Moscow

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 Moscow dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Moscow's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Moscow'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
Moscow'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 Moscow'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 Moscow
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Moscow
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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