Bavaria
State · Germany · Pop. 13.4M · #34 region by EV
* 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
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.
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 (#1).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Bavaria | $113B | 6.4× | 26 | $3.3B | 1,678 |
| 2 | Nordrhein-Westfalen | $26.3B | 3.4× | 9 | $646.5M | 1,123 |
| 3 | Baden-Württemberg | $24.3B | 3.9× | 8 | $885.9M | 698 |
| 4 | Hamburg | $16.6B | 5.2× | 5 | $168.3M | 657 |
| 5 | Hesse | $14.5B | 3.0× | 4 | $196.5M | 496 |
| 6 | Rhineland-Palatinate | $8.8B | 3.6× | 2 | $75.8M | 150 |
| 7 | Saxony | $7B | 6.3× | 1 | $63M | 274 |
| 8 | Lower Saxony | $3.9B | 7.9× | 4 | $59.5M | 186 |
| 9 | Brandenburg | $2.7B | 2.7× | 0 | $142.6M | 174 |
| 10 | Saxony-Anhalt | $2.7B | 2.0× | 0 | $17.7M | 80 |
| 11 | Schleswig-Holstein | $1B | 4.9× | 0 | $7.2M | 94 |
| 12 | Thuringia | $700.2M | 1.8× | 0 | $15.9M | 78 |
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 Bavaria dataset — or see a sample on the Dealroom app.
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.