Tokyo
Metro area · Japan · Pop. 40.7M · #31 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.
Academia
Tokyo's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Tokyo.
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 | $194B | 5.4× | 20 | $5.8B | 6,115 |
| 2 | Osaka - Kobe | $22.6B | 9.5× | 0 | $406.5M | 726 |
| 3 | Kyoto | $5.5B | 7.7× | 0 | $353.7M | 189 |
| 4 | Okinawa | $3.4B | 5.2× | 0 | $38.9M | 257 |
| 5 | Fukuoka | $1.6B | 3.9× | 0 | $13.7M | 167 |
| 6 | Nagoya | $1.2B | 13.6× | 0 | $95.6M | 118 |
| 7 | Kagoshima | $1.1B | 5.3× | 0 | $10M | 21 |
| 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.
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.