🏙️

Tokyo

Metro area · Japan · Pop. 40.7M · #32 city by EV

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

4,161 Pool of Funded Startups

New Startups

771 Annual Startups FoundedAll new ventures

416 Annual Startups FundedReceived investment

get funded 54%

3,559Startups

1,317 Pre-Seed Startups$100K–1M

1,243 Seed Startups$1–4M

Pre-Seed to Seed 15%

999 Series A Startups$4–15M

Seed to Series A 27%

515Breakouts

362 Series B Breakouts$15–40M

A to Series B 25%

153 Series C Breakouts$40–100M

B to Series C 42%

87Scaleups

67 Mega Scaleups$100–250M

reach Mega 1.6%

20 Mega+ Scaleups$250M+

reach Mega+ 0.48%

21Valuation Outcomes

20 Unicorns($1–10B valuation)

reach Unicorn 0.48%

1 Decacorns($10–100B valuation)

reach Decacorn 0.024%

Pre-Seed

1,317

Seed

1,243

Series A

999

Series B

362

Series C

153

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.

Quarterly report

Tokyo's latest quarter in venture capital

VC raised by Tokyo-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

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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

Every $40M+ VC round into Tokyo-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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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.

University-linked startup formation

281

University spinouts

1,083

Total alumni-founded companies

655

Of which startups (<$15M raised)

321

Breakouts ($15M-100M)

107

Scaleups ($100M+)

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.

Tokyo

$197B

$22.9B

$5.5B

$3.5B

$1.7B

$1.3B

$1.1B

$821.6M

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	$197B	3.4×	21	$5.8B	6,141
2	Osaka - Kobe	$22.9B	10.0×	0	$406.6M	729
3	Kyoto	$5.5B	7.7×	0	$353.7M	192
4	Okinawa	$3.5B	5.6×	0	$38.9M	257
5	Fukuoka	$1.7B	4.2×	0	$13.7M	167
6	Nagoya	$1.3B	14.5×	0	$95.6M	119
7	Kagoshima	$1.1B	5.3×	0	$10M	21
8	Sendai	$821.6M	38.2×	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.

✈️ Aviation

17.6×

1 unicorns · 8.3% of global sector

🦾 Robotics

15.1×

2 unicorns · 7.1% of global sector

🚀 Space

13.2×

2 unicorns · 6.3% of global sector

🎮 Consumer Services

4.81×

5 unicorns · 2.3% of global sector

More data

Explore Dealroom data →

Country Japan Asia · Pop. 124M · #15 startup ecosystem by EV Region Asia Continent / region · Pop. 4694.6M · #4 region by EV

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