Belarus
Europe · Pop. 9.1M · #50 startup ecosystem by EV
Largest rounds
Largest funding rounds in Belarus
A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into a Belarus-headquartered company, grouped by Dealroom sector.
Largest rounds in Belarus - 2026
Startup funnel
Belarus's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* Conversion rates are derived from current counts.
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. Live from the Dealroom Next Gen API.
Notable companies
Top private companies in Belarus
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
Academia
Belarus's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Belarus.
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 | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 216 | $24.1B | 20.1K |
| 2 | France | $411B | 5.5× | 66 | $8.4B | 9,124 |
| 3 | Germany | $405B | 4.1× | 91 | $8.2B | 8,752 |
| 4 | Netherlands | $324B | 2.8× | 42 | $3.2B | 3,911 |
| 5 | Sweden | $286B | 5.5× | 57 | $3.5B | 3,237 |
| 6 | Switzerland | $213B | 3.5× | 48 | $4.3B | 3,024 |
| 7 | Denmark | $142B | 4.3× | 23 | $1.8B | 1,667 |
| 8 | Belgium | $108B | 7.2× | 12 | $902.6M | 1,893 |
| 9 | Ireland | $105B | 4.9× | 24 | $1.2B | 1,972 |
| 10 | Spain | $98.5B | 5.4× | 18 | $3.4B | 4,573 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,752 |
| 23 | Belarus | $12.9B | 2.1× | 4 | $5.5M | 75 |
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Belarus dataset — or see a sample on the Dealroom app.
Get the full Belarus ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.