Berlin
State · Germany · Pop. 3.7M
* 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
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.
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Notable alumni-founded: CelonisHelsingLiliumMarvel Fusion
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.
Combined enterprise value of each ecosystem.
Top regions in Germany ranked by combined EV. Berlin's row is highlighted.
| # | 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 Berlin dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Berlin ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.