Nagoya
Metro area · Japan · Pop. 10.1M
Enterprise value · 2015–2025
Nagoya grew 60.9× since 2015
Combined enterprise value of every tracked startup headquartered in Nagoya that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Nagoya'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.
* 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.
Academia
Nagoya's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Nagoya.
Vs. similarly-sized ecosystems
How Nagoya stacks up
Peers chosen from the same country (Japan), sized closest to Nagoya by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Japan — top cities
Top cities in Japan ranked by combined EV. Nagoya's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Tokyo | $220B | 6.1× | 18 | $3.1B | 5,992 |
| 2 | Osaka - Kobe | $22.7B | 9.6× | 0 | $416.9M | 715 |
| 3 | Kyoto | $5.5B | 7.7× | 0 | $353.7M | 187 |
| 4 | Okinawa | $3.7B | 4.1× | 0 | $38.8M | 253 |
| 5 | Fukuoka | $1.6B | 3.9× | 0 | $13.5M | 163 |
| 6 | Kagoshima | $1.4B | 3.0× | 0 | $10M | 22 |
| 7 | Nagoya | $1.2B | 13.6× | 0 | $95.6M | 114 |
| 8 | Sendai | $1.1B | 49.4× | 0 | $32.9M | 135 |
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