Nuremberg
Metro area · Germany · Pop. 1.2M
Enterprise value · 2015–2025
Nuremberg grew 7.5× since 2015
Combined enterprise value of every tracked startup headquartered in Nuremberg that's still operating today — public and private companies combined, totalled by founding-year cohort.
Adjacent cities by EV
Startup funnel
Nuremberg'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
Nuremberg's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Nuremberg.
Vs. similarly-sized ecosystems
How Nuremberg stacks up
Peers chosen from the same country (Germany), sized closest to Nuremberg by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Germany — top cities
Top cities in Germany ranked by combined EV. Nuremberg's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Berlin/Brandenburg | $186B | 3.6× | 33 | $2.8B | 3,039 |
| 2 | Munich | $108B | 7.1× | 22 | $3.2B | 1,298 |
| 3 | Frankfurt | $19.9B | 3.4× | 5 | $105.2M | 447 |
| 4 | Hamburg | $16.8B | 5.2× | 5 | $168.5M | 692 |
| 5 | Stuttgart | $16.3B | 3.9× | 4 | $672.5M | 366 |
| 6 | Cologne - Bonn | $14.2B | 4.5× | 3 | $430.4M | 403 |
| 7 | Düsseldorf | $6.6B | 1.5× | 4 | $16.2M | 194 |
| 8 | Hanover | $5.8B | 5.2× | 3 | $39.2M | 108 |
| 9 | Mannheim | $5.2B | 3.5× | 1 | $21.4M | 120 |
| 10 | Leipzig-Halle | $4.2B | 3.0× | 0 | $65.5M | 127 |
| 11 | Dresden | $3.8B | 5.2× | 0 | $19.8M | 112 |
| 14 | Nuremberg | $655.8M | 5.7× | 0 | $29.3M | 80 |
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