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Berlin

State · Germany · Pop. 3.7M · #28 region by EV

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

1,817 Pool of Funded Startups

New Startups

636 Annual Startups FoundedAll new ventures

244 Annual Startups FundedReceived investment

get funded 38%

1,396Startups

446 Pre-Seed Startups$100K–1M

513 Seed Startups$1–4M

Pre-Seed to Seed 37%

437 Series A Startups$4–15M

Seed to Series A 37%

326Breakouts

232 Series B Breakouts$15–40M

A to Series B 29%

94 Series C Breakouts$40–100M

B to Series C 48%

95Scaleups

52 Mega Scaleups$100–250M

reach Mega 2.9%

43 Mega+ Scaleups$250M+

reach Mega+ 2.4%

35Valuation Outcomes

32 Unicorns($1–10B valuation)

reach Unicorn 1.8%

3 Decacorns($10–100B valuation)

reach Decacorn 0.17%

Pre-Seed

446

Seed

513

Series A

437

Series B

232

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 Berlin

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

Largest rounds in Berlin - 2026

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

- rounds · - raised

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VC investment

How much venture capital flows into Berlin

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

Academia

Berlin's academic flywheel

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

University-linked startup formation

694

University spinouts

937

Total alumni-founded companies

648

Of which startups (<$15M raised)

220

Breakouts ($15M-100M)

Scaleups ($100M+)

Top universities producing founders tied to Berlin

🇩🇪 TU Munich Munich · 52 alumni unicorns

Notable alumni-founded: CelonisHelsingLiliumMarvel Fusion

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Location comparison

How Berlin stacks up

Compare Berlin 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

$113B

$26.7B

$24.4B

$16.9B

$14.8B

$8.8B

$7B

Combined enterprise value of each ecosystem.

Top regions in Germany ranked by combined EV. Berlin's row is highlighted (#1).

#	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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