Reduced scattering and autofluorescence in the second near‐infrared window (NIR‐II, 1000–1700 nm) hold the promise of high‐resolution photoluminescence (PL) in vivo imaging at depths well beyond the µm scale. Yet, contrast agents with bright emission in this spectral region remain limited. Ultrasmall gold nanoclusters (AuNCs) are of particular interest for NIR‐II PL imaging. However, they exhibit limited brightness. Here, high amounts of NIR‐II emitting AuNCs are encapsulated in small polymer nanoparticles (NPs) made of poly(ethyl methacrylates). Using nanoprecipitation, loadings of up to 50 wt% can be reached, corresponding to over 10 000 AuNCs per 60 nm NP. PL quantum yields up to 1.3% and NP brightnesses up to 3.8 × 106 M−1 cm−1 are accomplished. Increasing inter‐AuNC interactions at higher loading result in a bathochromic shift of the PL emission. According to time‐resolved PL measurements, this can be attributed to distinct inter‐AuNC energy transfer pathways between the core and surface‐centered PL modes. Evaluation of the nanohybrids in tissue‐mimicking models for in vivo blood vessel imaging shows that the ultrabright and red‐shifted NIR‐II PL results in significantly improved detection sensitivity and resolution, which makes AuNC‐loaded polymer NPs highly promising candidates for advanced in vivo imaging.