June 14, 2022
Startup Genome
Startup ecosystem development through data. We advise world leaders in policymaking, strategy and actions to drive innovation and economic growth. Key Insights from #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.
