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Shenzhen

Metro area · China · Pop. 23.3M · #11 city by EV

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

1,592 Pool of Funded Startups

New Startups

153 Annual Startups FoundedAll new ventures

157 Annual Startups FundedReceived investment

get funded 102%

1,157Startups

326 Pre-Seed Startups$100K–1M

446 Seed Startups$1–4M

385 Series A Startups$4–15M

Seed to Series A 30%

334Breakouts

221 Series B Breakouts$15–40M

A to Series B 32%

113 Series C Breakouts$40–100M

B to Series C 23%

101Scaleups

64 Mega Scaleups$100–250M

reach Mega 4.0%

37 Mega+ Scaleups$250M+

reach Mega+ 2.3%

53Valuation Outcomes

48 Unicorns($1–10B valuation)

reach Unicorn 3.0%

4 Decacorns($10–100B valuation)

reach Decacorn 0.25%

1 Centicorns($100B–1T valuation)

reach Centicorn 0.063%

Pre-Seed

326

Seed

446

Series A

385

Series B

221

Series C

113

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 Shenzhen

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

Largest rounds in Shenzhen - 2026

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

- rounds · - raised

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VC investment

How much venture capital flows into Shenzhen

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

Academia

Shenzhen's academic flywheel

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

University ranking By notable alumni-founded companies based in Shenzhen

#	University	City	Based here	Companies
1	🇨🇳Tsinghua University	Beijing	24	906
2	🇨🇳Peking University	Beijing	14	659
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4
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Location comparison

How Shenzhen stacks up

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

Yangtze Delta Region

$2T

Jingjinji Metropolitan Region

$1.7T

Beijing

$1.6T

Shenzhen

$1T

Shanghai

$1T

Hangzhou

$623B

Combined enterprise value of each ecosystem.

Top cities in China ranked by combined EV. Shenzhen's row is highlighted (#4).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Yangtze Delta Region	$2T	2.7×	210	$9.9B	7,038
2	Jingjinji Metropolitan Region	$1.7T	3.6×	178	$6.9B	4,520
3	Beijing	$1.6T	3.6×	174	$6.7B	4,331
4	Shenzhen	$1T	1.9×	53	$2.4B	2,240
5	Shanghai	$1T	5.2×	135	$4.5B	3,583
6	Hangzhou	$623B	1.2×	37	$2.2B	1,443
7	Guangzhou	$182B	14.5×	16	$891.8M	1,543
8	Nanjing	$108B	6.2×	10	$338.4M	489
9	Chengdu	$33.7B	27.0×	5	$410.2M	401
10	Wuhan	$32B	4.6×	8	$420.9M	345
11	Chongqing	$25B	11.5×	5	$1B	177
12	Changzhou	$18.7B	4.2×	2	$45M	113

More data

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Country China Asia · Pop. 1409M · #2 startup ecosystem by EV Region Asia Continent / region · #4 region by EV

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