Belarus
Europe · Pop. 9.1M · #50 startup ecosystem by EV
1 Overview
* Conversion rates are derived from current counts.
2 Largest rounds
Largest funding rounds in Belarus
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Belarus, grouped by Dealroom sector.
Largest rounds in Belarus - 2024–2026
3 VC investment
How much venture capital flows into Belarus
VC investment into Belarus-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
4 Founder origins
Where Belarus's unicorn founders build
15 founders born in Belarus are behind 10 unicorns; 80% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.
5 Location comparison
How Belarus stacks up
Compare Belarus with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Belarus's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.5× | 226 | $27.5B | 20.9K |
| 2 | Germany | $406B | 4.2× | 95 | $8.3B | 8,888 |
| 3 | France | $401B | 5.4× | 67 | $8.4B | 9,256 |
| 4 | Netherlands | $327B | 2.8× | 45 | $3.6B | 3,978 |
| 5 | Sweden | $279B | 5.7× | 56 | $3.5B | 3,331 |
| 6 | Switzerland | $223B | 3.7× | 50 | $4.2B | 3,086 |
| 7 | Denmark | $140B | 4.3× | 24 | $1.8B | 1,721 |
| 8 | Belgium | $107B | 7.1× | 12 | $907.7M | 1,935 |
| 9 | Ireland | $106B | 4.7× | 26 | $1.2B | 2,001 |
| 10 | Spain | $106B | 4.7× | 18 | $3.3B | 4,647 |
| 11 | Finland | $79.5B | 3.9× | 11 | $2.2B | 1,775 |
| 23 | Belarus | $12.9B | 2.1× | 4 | $5.5M | 75 |
More data
Explore Dealroom data →Get the full Belarus ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.