San Marino
Europe · Pop. 34K
1 Overview
2 Largest rounds
Largest funding rounds in San Marino
A live treemap of $15M+ 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
3 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.
4 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.
5 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 | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.1T | 4.6× | 226 | $29.8B | 20.3K |
| 2 | Germany | $404B | 4.1× | 94 | $8.2B | 8,804 |
| 3 | France | $399B | 5.4× | 66 | $8.4B | 9,172 |
| 4 | Netherlands | $325B | 2.8× | 44 | $3.5B | 3,946 |
| 5 | Sweden | $278B | 5.7× | 56 | $3.5B | 3,272 |
| 6 | Switzerland | $222B | 3.7× | 49 | $4.2B | 3,043 |
| 7 | Denmark | $142B | 4.3× | 24 | $1.8B | 1,674 |
| 8 | Belgium | $108B | 7.2× | 12 | $902.7M | 1,905 |
| 9 | Ireland | $105B | 4.7× | 26 | $1.2B | 1,985 |
| 10 | Spain | $98.2B | 5.4× | 18 | $3.3B | 4,606 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,761 |
| 51 | San Marino | $31.2M | — | 0 | $0 | 1 |
6 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.
More data
Explore Dealroom data →Get the full San Marino ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.