Tokyo
Metro area · Japan · Pop. 40.7M · #31 city by EV
Enterprise value
How much Tokyo’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Tokyo, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
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.
Startup funnel
Tokyo's startup funnel
Companies headquartered in Tokyo at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
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
Loading VC raised by Tokyo-headquartered companies…
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
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× | 22 | $4.6B | 6,140 |
| 2 | Osaka - Kobe | $22.6B | 9.5× | 0 | $421.7M | 733 |
| 3 | Kyoto | $5.4B | 7.5× | 0 | $368.8M | 193 |
| 4 | Okinawa | $3.2B | 4.9× | 0 | $47.9M | 257 |
| 5 | Fukuoka | $1.7B | 4.1× | 0 | $22.7M | 168 |
| 6 | Nagoya | $1.2B | 13.6× | 0 | $95.6M | 119 |
| 7 | Kagoshima | $1.1B | 5.3× | 0 | $10M | 21 |
| 8 | Sendai | $1.1B | 34.2× | 0 | $32.9M | 136 |
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.