United States
North America · Pop. 340.1M · #1 startup ecosystem by EV
Adjacent ecosystems by EV
Startup hubs
Inside United States: top 12 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Startup funnel
United States's power-law funnel
From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.
Enterprise value · 2015–2025
United States grew 11.2× since 2015
Combined enterprise value of every tracked startup headquartered in United States that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How United States stacks up
Peers chosen from the same North America cluster within ±70% of United States's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
North America ecosystems — combined view
Top ecosystems in North America ranked by combined EV. United States's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United States | $31T | 6.8× | 2,059 | $283.9B | 112.7K |
| 2 | China | $5.8T | 3.2× | 479 | $33.4B | 24.5K |
| 3 | United Kingdom | $1.2T | 4.6× | 211 | $24.1B | 20K |
| 4 | India | $883.7B | 7.1× | 125 | $13.9B | 13.3K |
| 5 | Israel | $599.9B | 5.6× | 128 | $10.7B | 4,762 |
| 6 | Canada | $571.2B | 9.6× | 81 | $5.9B | 9,480 |
| 7 | South Korea | $438.6B | 15.6× | 41 | $8.2B | 7,931 |
| 8 | France | $414.1B | 5.6× | 65 | $8.4B | 9,082 |
| 9 | Germany | $410.2B | 4.0× | 86 | $8.3B | 8,710 |
| 10 | Singapore | $359.5B | 9.6× | 38 | $3.3B | 3,900 |
| 11 | Netherlands | $346.9B | 2.7× | 39 | $3.2B | 3,887 |
| 12 | Australia | $294.5B | 9.3× | 44 | $3.8B | 4,984 |
Patent intelligence
United States startup IP portfolio: 1.4M patent families
Granted patent families assigned to startups headquartered in United States. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
Sector concentration
Where United States punches above its weight
Sectors in which United States's share of the global unicorn pool is bigger than its overall share. A 5× over-index means United States is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.
Premium analytics
What we don't show on this page (yet)
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