Tokyo
Metro area · Japan · Pop. 40.7M · #32 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.
Largest rounds
Largest funding rounds in Tokyo
A live treemap of the largest VC rounds. Each cell is one round into Tokyo-headquartered companies, grouped by Dealroom sector.
Largest rounds in Tokyo - 2026
VC investment
How much venture capital flows into Tokyo
VC investment into Tokyo-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Location comparison
How Tokyo stacks up
Compare Tokyo with peers from the same country (Japan) — 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 Japan ranked by combined EV. Tokyo's row is highlighted (#1).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Tokyo | $188B | 5.2× | 20 | $3.3B | 6,053 |
| 2 | Osaka - Kobe | $22.6B | 9.5× | 0 | $406.5M | 721 |
| 3 | Kyoto | $5.5B | 7.7× | 0 | $353.7M | 188 |
| 4 | Okinawa | $3.7B | 4.1× | 0 | $38.9M | 257 |
| 5 | Fukuoka | $1.6B | 3.9× | 0 | $13.7M | 167 |
| 6 | Kagoshima | $1.4B | 3.0× | 0 | $10M | 22 |
| 7 | Nagoya | $1.2B | 13.6× | 0 | $95.6M | 116 |
| 8 | Sendai | $1.1B | 49.4× | 0 | $32.9M | 135 |
Sector concentration
Where Tokyo punches above its weight
Sectors in which Tokyo's share of the global unicorn pool is bigger than its overall share. A 5× over-index means Tokyo is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Tokyo dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Tokyo ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.