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 Belarus-headquartered company, grouped by Dealroom sector.
Largest rounds in Belarus - 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 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.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | Belarusian State University | Minsk | 262 | 300 |
| 2 | Belarusian State Economic University | Minsk | 61 | 72 |
| 3 | Belarusian National Technical University | Minsk | 56 | 70 |
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 | 4.6× | 226 | $27.3B | 20.7K |
| 2 | Germany | $404B | 4.2× | 94 | $8.3B | 8,816 |
| 3 | France | $399B | 5.4× | 66 | $8.4B | 9,174 |
| 4 | Netherlands | $325B | 2.8× | 44 | $3.5B | 3,950 |
| 5 | Sweden | $278B | 5.7× | 56 | $3.5B | 3,303 |
| 6 | Switzerland | $222B | 3.7× | 50 | $4.1B | 3,050 |
| 7 | Denmark | $140B | 4.3× | 24 | $1.8B | 1,707 |
| 8 | Spain | $108B | 4.8× | 18 | $3.3B | 4,609 |
| 9 | Belgium | $107B | 7.2× | 12 | $907.7M | 1,914 |
| 10 | Ireland | $105B | 4.7× | 26 | $1.2B | 1,990 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,763 |
| 23 | Belarus | $12.9B | 2.1× | 4 | $5.5M | 75 |
6 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.
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.