Key Insights from #GSER2022

Sources:https://startupgenome.com/report/gser2022

• The same five ecosystems remain at the top of the ranking as in 2020 and 2021, but Beijing has dropped one place, with Boston taking its former place at #4. Silicon Valley is #1, followed by New York City and London tied at #2, Boston at #4, and Beijing at #5.

• Seoul entered the global top 10 ecosystems for the first time, up six places from #16 in 2021 and #20 in 2020.

• Several Indian ecosystems have risen in the rankings, most notably Delhi, which is 11 places higher than in 2021, entering the top 30 for the first time at #26. Bangalore has moved up one place from last year, to #22.

• Overall, China’s ecosystems have declined in the rankings, a reflection of the relative decline in early-stage funding in comparison to other ecosystems.

• Helsinki has risen more than 20 places from last year, joining the runners-up category at joint #35.

• A record 540 companies achieved unicorn status in 2021, up from 150 in 2020.

• In 2021, Brazil saw 237% growth in the dollar amount of Series B+ rounds compared to 2020. The nation’s total exit amount for 2021 was $49 billion, a huge leap from $1 billion in 2020.

• Asia experienced a 312% increase in the dollar amount of exits over $50 million from 2020 to 2021.

• In 2021, the dollar amount of exits in London grew 413% from 2020. The ecosystem’s Series B+ rounds increased 162% in terms of dollar amount from 2020, and it saw 55% more $50 million+ exits in 2021 versus 2020