Bavaria
State · Germany · Pop. 13.4M · #36 region by EV
Enterprise value
How much Bavaria’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Bavaria, 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 Bavaria
VC investment into Bavaria-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Startup funnel
Bavaria's startup funnel
Companies headquartered in Bavaria at each stage today, by total VC raised. Hover a bar for the split.
Source: Dealroom.co
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
Loading VC raised by Bavaria-headquartered companies…
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
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.
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.
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 | $181B | 3.7× | 35 | $2.6B | 2,973 |
| 2 | Bavaria | $112B | 6.5× | 29 | $3.3B | 1,732 |
| 3 | Nordrhein-Westfalen | $27.9B | 3.5× | 10 | $679.6M | 1,157 |
| 4 | Baden-Württemberg | $25.8B | 4.1× | 8 | $861.9M | 724 |
| 5 | Hamburg | $16.7B | 5.0× | 5 | $168.1M | 680 |
| 6 | Hesse | $14.9B | 3.1× | 5 | $196.5M | 507 |
| 7 | Rhineland-Palatinate | $8.9B | 3.5× | 2 | $75.8M | 149 |
| 8 | Saxony | $7.8B | 5.7× | 1 | $150.2M | 292 |
| 9 | Lower Saxony | $4.7B | 9.5× | 4 | $60.8M | 191 |
| 10 | Brandenburg | $2.9B | 2.9× | 0 | $142.6M | 177 |
| 11 | Saxony-Anhalt | $2.7B | 2.0× | 0 | $17.7M | 82 |
| 12 | Schleswig-Holstein | $1.1B | 5.1× | 0 | $7.2M | 95 |
More data
Explore Dealroom data →Get the full Bavaria ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.