San Marino
Europe · Pop. 34K
Largest rounds
Largest funding rounds in San Marino
A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into a San Marino-headquartered company, grouped by Dealroom sector.
Largest rounds in San Marino - 2026
VC investment
How much venture capital flows into San Marino
VC investment into San Marino-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.
Academia
San Marino's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to San Marino.
Location comparison
How San Marino stacks up
Compare San Marino with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. San Marino's row is highlighted (#12).
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 216 | $24.1B | 20.1K |
| 2 | France | $411B | 5.5× | 66 | $8.4B | 9,124 |
| 3 | Germany | $405B | 4.1× | 91 | $8.2B | 8,752 |
| 4 | Netherlands | $324B | 2.8× | 42 | $3.2B | 3,911 |
| 5 | Sweden | $286B | 5.5× | 57 | $3.5B | 3,237 |
| 6 | Switzerland | $213B | 3.5× | 48 | $4.3B | 3,024 |
| 7 | Denmark | $142B | 4.3× | 23 | $1.8B | 1,667 |
| 8 | Belgium | $108B | 7.2× | 12 | $902.6M | 1,893 |
| 9 | Ireland | $105B | 4.9× | 24 | $1.2B | 1,972 |
| 10 | Spain | $98.5B | 5.4× | 18 | $3.4B | 4,573 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,752 |
| 51 | San Marino | $31.2M | — | 0 | $0 | 1 |
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 San Marino dataset — or see a sample on the Dealroom app.
Get the full San Marino ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.