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Bavaria

State · Germany · Pop. 13.4M · #36 region by EV

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

1,058 Pool of Funded Startups

New Startups

443 Annual Startups FoundedAll new ventures

137 Annual Startups FundedReceived investment

get funded 31%

806Startups

262 Pre-Seed Startups$100K–1M

307 Seed Startups$1–4M

Pre-Seed to Seed 32%

237 Series A Startups$4–15M

Seed to Series A 34%

202Breakouts

129 Series B Breakouts$15–40M

A to Series B 36%

73 Series C Breakouts$40–100M

B to Series C 20%

50Scaleups

28 Mega Scaleups$100–250M

reach Mega 2.6%

22 Mega+ Scaleups$250M+

reach Mega+ 2.1%

29Valuation Outcomes

27 Unicorns($1–10B valuation)

reach Unicorn 2.6%

2 Decacorns($10–100B valuation)

reach Decacorn 0.19%

Pre-Seed

262

Seed

307

Series A

237

Series B

129

Series C

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

Bavaria's latest quarter in venture capital

VC raised by Bavaria-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 Bavaria

A live treemap of the largest VC rounds. Each cell is one round into Bavaria-headquartered companies, grouped by Dealroom sector.

Largest rounds in Bavaria - 2026

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

- rounds · - raised

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VC investment

How much venture capital flows into Bavaria

VC investment into Bavaria-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Academia

Bavaria's academic flywheel

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

University-linked startup formation

576

University spinouts

2,163

Total alumni-founded companies

1,370

Of which startups (<$15M raised)

558

Breakouts ($15M-100M)

235

Scaleups ($100M+)

Location comparison

How Bavaria stacks up

Compare Bavaria with peers from the same country (Germany) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

Berlin

$177B

Bavaria

$112B

$27.9B

$25.8B

$25.2B

$16.9B

$14.8B

Combined enterprise value of each ecosystem.

Top regions in Germany ranked by combined EV. Bavaria's row is highlighted (#2).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	Berlin	$177B	4.0×	35	$2.6B	2,957
2	Bavaria	$112B	7.1×	29	$3.3B	1,717
3	Nordrhein-Westfalen	$27.9B	3.6×	10	$679.6M	1,152
4	Rhineland-Palatinate	$25.8B	10.0×	2	$75.8M	149
5	Baden-Württemberg	$25.2B	5.2×	8	$857.9M	714
6	Hamburg	$16.9B	4.9×	5	$168.1M	678
7	Hesse	$14.8B	3.2×	5	$196.5M	503
8	Saxony	$7.5B	6.8×	1	$147.7M	289
9	Lower Saxony	$4.6B	14.1×	4	$59.5M	188
10	Brandenburg	$2.9B	2.9×	0	$142.6M	177
11	Saxony-Anhalt	$2.7B	2.0×	0	$17.7M	82
12	Schleswig-Holstein	$1B	4.9×	0	$7.2M	93

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Country Germany Europe · Pop. 83.5M · #8 startup ecosystem by EV Region Europe Continent / region · Pop. 744.1M · #7 region by EV

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