PitchBook Launches Global VC Ecosystem Dashboard to Rank World’s Top Startup Cities
April 19 2024 - 12:00AM
Business Wire
PitchBook, the premier data provider for the private and
public equity markets today released The Global VC Ecosystem
Dashboard that ranks the world’s top startup cities. This dashboard
leverages PitchBook data and PitchBook Institutional Research Group
methodology to provide a consistently updated ranking system for
the size, maturity, and growth rates of the VC ecosystem in leading
cities around the world.
In the last few years, the challenging post pandemic environment
has prompted LPs, GPs, and founders to think differently about
where and what they are investing in. There has been a shift in how
VC ecosystems are expanding to different regions around the world.
Recent data revealed that while VC activity and exits remained low,
the sector is sitting on over $300 billion in dry powder, proving
major opportunities across many industries and cities.
Users can interact with the dashboard in a variety of ways. They
can rank each city by selecting criteria like the development
score, growth score, capital raised, deal count, exit value, exit
count, fundraising value, and fundraising count. The dashboard
shows that San Francisco is the most developed VC ecosystem in the
world with a development score of 89.5 and New York is second with
a development score of 76. By contrast, Houston is the least
developed VC ecosystem on the list with a score of 34.1. The
dashboard will be updated every six months and can be accessed at
this link here.
“The Global VC Ecosystem Dashboard will push founders,
operators, and investors to consider which cities around the world
are worth looking into,” said Nalin Patel, Lead EMEA Private
Capital Analyst at PitchBook. “By having a dashboard that ranks
cities based on several different factors, investors can think more
critically about how location impacts different stages of the VC
lifecycle. When looking at growth specifically, it will be helpful
for investors to see which cities are up and coming.”
This dashboard uses a scoring system for development and growth
by assessing the size, maturity and growth rates of a VC ecosystem
using data from the PitchBook Platform. To read more about the
methodology for this dashboard see the launch report here.
Key takeaways uncovered from the Global VC Ecosystem
dashboard:
- San Francisco is the most developed VC city in the world with a
development score of 89.5 and $427.6 billion capital raised.
- VC ecosystems in North America make up 46% of the six most
developed VC regions in the world.
- London is the only city in the European region among the top 10
most developed VC ecosystems with a 64 development score and $99
billion capital raised.
- The top five cities with the highest growth score include four
cities in Asia (Hefei, 86.5, Singapore, 74.8, Wuxi, 71.8, and
Tokyo, 66.6) and one in Europe (Amsterdam, 68.7).
About PitchBook
PitchBook is a financial data and software company that provides
transparency into the capital markets to help professionals
discover and execute opportunities with confidence and efficiency.
PitchBook collects and analyzes detailed data on the entire venture
capital, private equity and M&A landscape—including public and
private companies, investors, funds, investments, exits and people.
The company's data and analysis are available through the PitchBook
Platform, industry news and in-depth reports. Founded in 2007,
PitchBook operates globally with more than 3,000 team members. Its
platform, data and research serve over 100,000 professionals around
the world. In 2016, Morningstar acquired PitchBook, which now
operates as an independent subsidiary.
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Kendall Langis kendall.langis@pitchbook.com