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Malta

Europe · Pop. 520K · #47 startup ecosystem by EV

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

$14.5B+110%
Combined startup EV
$4.5M
VC invested (last 12mo)
70
Tracked startups
🦄 Unicorns
6
6 live · +0 new in 2025 (incl. 0 new decacorns)
💎 Decacorns
1
$10B+ tier
🐎 Thoroughbreds
5
Top 1% growth · $500M+

Enterprise value · 2015–2025

Malta grew 44.6× since 2015

Combined enterprise value of every tracked startup headquartered in Malta that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $10B $20B $30B $40B Malta · $14.5B 2015 2018 2021 2024 2025

Adjacent ecosystems by EV

Startup funnel

Malta's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
24
Seed
11
Series A
12
Series B
2
Series C
1
Unicorn
4
Decacorn
2

* 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.

Notable companies

Top private companies in Malta

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 2
EvolutionOKX
Unicorns $1B+ valuation 4
VistaJetMultiversXTipicoKindred Group
Thoroughbreds+ $100M+ revenue 5
EvolutionKindred GroupTipicoPAYSENDVistaJet

Academia

Malta's academic flywheel

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

University-linked startup formation
3
University spinouts
24
Total alumni-founded companies
16
Of which startups (<$15M raised)
6
Breakouts ($15M-100M)
2
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Malta stacks up

Peers chosen from the same Europe cluster within ±70% of Malta's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$45.9B
$35.9B
$31.2B
$29.7B
$21B
$18.1B
$15.3B
Malta
$14.5B
EV growth (5-yr ×) vs current EV
peer median 5.4× 2.1× 21.3× 40.5× $10.8B $113B $1.2T EV growth (5yr ×) Combined enterprise value (log) United Kingdom France Germany Netherlands Sweden Switzerland Denmark Belgium Malta

Top overview

Europe ecosystems — combined view

Top ecosystems in Europe ranked by combined EV. Malta's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 United Kingdom $1.2T 4.6× 211 $24.1B 20K
2 France $414B 5.6× 65 $8.4B 9,082
3 Germany $410B 4.0× 86 $8.3B 8,710
4 Netherlands $347B 2.7× 39 $3.2B 3,887
5 Sweden $286B 5.5× 56 $3.5B 3,215
6 Switzerland $214B 3.5× 47 $4.3B 3,003
7 Denmark $141B 4.3× 23 $1.8B 1,659
8 Belgium $106B 7.2× 12 $900.8M 1,871
9 Ireland $106B 4.9× 24 $1.2B 1,959
10 Spain $98.4B 5.4× 17 $3.4B 4,529
11 Finland $78.9B 3.9× 10 $2.2B 1,726
22 Malta $14.5B 40.5× 6 $4.5M 70

Patent intelligence

Malta startup IP portfolio: 2,076 patent families

Granted patent families assigned to startups headquartered in Malta. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.

Granted patent families
2,076
Filed by tracked startups headquartered in the country.
3996 patents per million residents · #10 globally

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 Malta dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Malta's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Malta's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Malta's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Malta's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Malta
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Malta
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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