Munich
Metro area · Germany · Pop. 2.5M · #48 city by EV
* 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.
Quarterly report
Munich's latest quarter in venture capital
VC raised by Munich-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Munich-headquartered companies…
Largest rounds
Largest funding rounds in Munich
A live treemap of the largest VC rounds. Each cell is one round into Munich-headquartered companies, grouped by Dealroom sector.
Largest rounds in Munich - 2026
VC investment
How much venture capital flows into Munich
VC investment into Munich-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Munich's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Munich.
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Notable alumni-founded: CelonisHelsingLiliumMarvel Fusion
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Notable alumni-founded: ClimeworksGetYourGuideScandit
Location comparison
How Munich stacks up
Compare Munich with peers from the same country (Germany) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top cities in Germany ranked by combined EV. Munich's row is highlighted (#2).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Berlin/Brandenburg | $179B | 4.0× | 35 | $2.8B | 3,119 |
| 2 | Munich | $106B | 7.5× | 28 | $3.2B | 1,355 |
| 3 | Frankfurt | $36.8B | 7.2× | 8 | $106.6M | 460 |
| 4 | Stuttgart | $17.1B | 6.1× | 5 | $645.2M | 373 |
| 5 | Hamburg | $17B | 4.9× | 5 | $174.8M | 716 |
| 6 | Cologne - Bonn | $12.8B | 6.2× | 2 | $424.9M | 414 |
| 7 | Hanover | $8.6B | 8.4× | 4 | $9.2M | 106 |
| 8 | Düsseldorf | $7.7B | 1.7× | 5 | $16.8M | 201 |
| 9 | Dresden | $4.3B | 5.8× | 0 | $90.8M | 119 |
| 10 | Leipzig-Halle | $4.2B | 3.0× | 0 | $65.5M | 135 |
| 11 | Mannheim | $3.9B | 4.5× | 1 | $21.4M | 123 |
| 12 | Ruhr Area | $2.2B | 2.6× | 1 | $34.5M | 184 |
Sector concentration
Where Munich punches above its weight
Sectors in which Munich's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Munich is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
More data
Explore Dealroom data →Get the full Munich ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.