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Philadelphia

Metro area · United States · Pop. 5.8M · #42 city by EV

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1,431 Pool of Funded Startups

New Startups

417 Annual Startups FoundedAll new ventures

147 Annual Startups FundedReceived investment

get funded 35%

1,194Startups

560 Pre-Seed Startups$100K–1M

395 Seed Startups$1–4M

Pre-Seed to Seed 24%

239 Series A Startups$4–15M

Seed to Series A 27%

181Breakouts

112 Series B Breakouts$15–40M

A to Series B 45%

69 Series C Breakouts$40–100M

B to Series C 49%

56Scaleups

45 Mega Scaleups$100–250M

reach Mega 3.1%

11 Mega+ Scaleups$250M+

reach Mega+ 0.77%

16Valuation Outcomes

15 Unicorns($1–10B valuation)

reach Unicorn 1.0%

1 Decacorns($10–100B valuation)

reach Decacorn 0.070%

Pre-Seed

560

Seed

395

Series A

239

Series B

112

Series C

Unicorn

Decacorn

* 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 Philadelphia

A live treemap of the largest VC rounds. Each cell is one round into Philadelphia-headquartered companies, grouped by Dealroom sector.

Largest rounds in Philadelphia - 2026

Every $15M+ VC round into Philadelphia-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Philadelphia

VC investment into Philadelphia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Philadelphia's academic flywheel

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

University-linked startup formation

175

University spinouts

3,384

Total alumni-founded companies

1,851

Of which startups (<$15M raised)

1,051

Breakouts ($15M-100M)

482

Scaleups ($100M+)

Top universities producing founders tied to Philadelphia

🇺🇸 University of Pennsylvania Philadelphia, PA · 165 alumni unicorns

Notable alumni-founded: Warby ParkerCompassBetterCloudOutschool

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Location comparison

How Philadelphia stacks up

Compare Philadelphia with peers from the same country (United States) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$330B

$266B

$265B

$203B

$140B

$136B

Philadelphia

$126B

Atlanta

$124B

Denver

$111B

Combined enterprise value of each ecosystem.

Top cities in United States ranked by combined EV. Philadelphia's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Bay Area	$20T	8.0×	866	$156B	24.5K
2	Seattle	$2.9T	4.4×	68	$6.6B	2,966
3	Austin	$2T	13.9×	62	$8.1B	2,649
4	New York City	$1.6T	5.1×	329	$32.3B	16.6K
5	Boston	$1.2T	4.5×	211	$13.4B	6,323
6	Los Angeles	$1.2T	5.7×	158	$16.3B	8,592
7	Miami	$673B	12.8×	40	$2.6B	2,865
8	San Diego	$330B	5.1×	64	$3.4B	2,224
9	Chicago	$266B	3.7×	52	$2.2B	2,833
10	Washington DC	$265B	3.3×	55	$3.5B	2,343
11	Dallas	$203B	3.8×	35	$1.6B	2,033
14	Philadelphia	$126B	7.2×	16	$2.3B	1,992

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Country United States Country · North America · Pop. 340.1M · #1 country by EV Region North America Continent / region · Pop. 60M · #2 region by EV

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