Nordrhein-Westfalen
State · Germany · Pop. 18.2M
* 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.
Quarterly report
Nordrhein-Westfalen's latest quarter in venture capital
VC raised by Nordrhein-Westfalen-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by Nordrhein-Westfalen-headquartered companies…
Largest rounds
Largest funding rounds in Nordrhein-Westfalen
A live treemap of the largest VC rounds. Each cell is one round into Nordrhein-Westfalen-headquartered companies, grouped by Dealroom sector.
Largest rounds in Nordrhein-Westfalen - 2026
VC investment
How much venture capital flows into Nordrhein-Westfalen
VC investment into Nordrhein-Westfalen-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
Academia
Nordrhein-Westfalen's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Nordrhein-Westfalen.
Location comparison
How Nordrhein-Westfalen stacks up
Compare Nordrhein-Westfalen 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. Nordrhein-Westfalen's row is highlighted (#3).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | Berlin | $177B | 4.0× | 35 | $2.6B | 2,957 |
| 2 | Bavaria | $112B | 7.1× | 29 | $3.3B | 1,717 |
| 3 | Nordrhein-Westfalen | $27.9B | 3.6× | 10 | $679.6M | 1,152 |
| 4 | Rhineland-Palatinate | $25.8B | 10.0× | 2 | $75.8M | 149 |
| 5 | Baden-Württemberg | $25.2B | 5.2× | 8 | $857.9M | 714 |
| 6 | Hamburg | $16.9B | 4.9× | 5 | $168.1M | 678 |
| 7 | Hesse | $14.8B | 3.2× | 5 | $196.5M | 503 |
| 8 | Saxony | $7.5B | 6.8× | 1 | $147.7M | 289 |
| 9 | Lower Saxony | $4.6B | 14.1× | 4 | $59.5M | 188 |
| 10 | Brandenburg | $2.9B | 2.9× | 0 | $142.6M | 177 |
| 11 | Saxony-Anhalt | $2.7B | 2.0× | 0 | $17.7M | 82 |
| 12 | Schleswig-Holstein | $1B | 4.9× | 0 | $7.2M | 93 |
More data
Explore Dealroom data →Get the full Nordrhein-Westfalen ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.