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Bavaria

State · Germany · Pop. 13.4M · #35 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.

1,047 Pool of Funded Startups

New Startups

441 Annual Startups FoundedAll new ventures

136 Annual Startups FundedReceived investment

get funded 31%

794Startups

259 Pre-Seed Startups$100K–1M

300 Seed Startups$1–4M

Pre-Seed to Seed 33%

235 Series A Startups$4–15M

Seed to Series A 35%

201Breakouts

128 Series B Breakouts$15–40M

A to Series B 36%

73 Series C Breakouts$40–100M

B to Series C 20%

52Scaleups

31 Mega Scaleups$100–250M

reach Mega 3.0%

21 Mega+ Scaleups$250M+

reach Mega+ 2.0%

27Valuation Outcomes

25 Unicorns($1–10B valuation)

reach Unicorn 2.4%

2 Decacorns($10–100B valuation)

reach Decacorn 0.19%

Pre-Seed

259

Seed

300

Series A

235

Series B

128

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.

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

549

University spinouts

1,960

Total alumni-founded companies

1,226

Of which startups (<$15M raised)

514

Breakouts ($15M-100M)

220

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

$181B

Bavaria

$113B

$26.7B

$24.4B

$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	$181B	3.7×	35	$2.7B	2,925
2	Bavaria	$113B	6.4×	27	$3.3B	1,702
3	Nordrhein-Westfalen	$26.7B	3.4×	9	$674.6M	1,140
4	Baden-Württemberg	$24.4B	3.9×	8	$885.9M	706
5	Hamburg	$16.9B	5.0×	5	$167.9M	669
6	Hesse	$14.8B	3.0×	4	$196.5M	501
7	Rhineland-Palatinate	$8.8B	3.6×	2	$75.8M	151
8	Saxony	$7B	6.3×	1	$63M	283
9	Lower Saxony	$4.7B	9.5×	4	$59.5M	187
10	Brandenburg	$2.8B	2.8×	0	$142.6M	175
11	Saxony-Anhalt	$2.7B	2.0×	0	$17.7M	81
12	Schleswig-Holstein	$1B	4.9×	0	$7.2M	94

More data

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

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