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North America · Country profile

United States

North America · Pop. 340.1M · #1 startup ecosystem by EV

A public taster of the full United States ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$31T+47%
Combined startup EV
$283.9B
VC invested (last 12mo)
112.7K
Tracked startups
6.1
Unicorns per 1M people
🦄 Unicorns
2,059
2,059 live · +162 new in 2025 (incl. 37 new decacorns)
💎 Decacorns
215
$10B+ tier
🐎 Thoroughbreds
1,628
Top 1% growth · $500M+

Adjacent ecosystems by EV

#1United States #2China #3United Kingdom #4India

Startup hubs

Inside United States: top 12 startup hubs

Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.

By enterprise value
1 California $21.7T
2 Bay Area $20.1T
3 Western United States (Pacific $4.8T
4 Northeastern United States $3.5T
5 Washington $3.1T
6 Seattle Metropolitan Area $3.1T
7 Texas $2.3T
8 Austin Region $2T
By unicorn count
1 California 976
2 Bay Area 777
3 Northeastern United States 571
4 Western United States (Pacific 279
5 Texas 107
6 Washington 72
7 Seattle Metropolitan Area 68
8 Austin Region 56

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.

VC-backed startups
113.1K
Colts ($25M+ revenue) $15.6B deployed
1,944
1.7% of prior tier
Unicorns ($1B+ valuation) $208.3B deployed
1,972
101% of prior tier
Decacorns ($10B+ valuation)
213
11% of prior tier
Centacorns ($100B+ valuation)
21
9.9% of prior tier

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.

0 $10T $20T $30T $40T United States · $31T 2015 2018 2021 2024 2025

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.

Combined enterprise value
United States
$31T
$5.8T
$883.7B
$599.9B
$571.2B
$438.6B
$414.1B
EV growth (5-yr ×) vs current EV
peer median 8.2× 2.1× 172.3× 342.6× $10.7B $575.3B $31T EV growth (5yr ×) Combined enterprise value (log) United States China United Kingdom India Israel Canada South Korea France Germany Singapore Netherlands Australia Sweden Japan Brazil Switzerland Hong Kong Denmark Argentina Belgium Ireland Spain United Arab Emirates Finland New Zealand Russia Italy Norway Indonesia Taiwan Türkiye Estonia Mexico Portugal Vietnam Saudi Arabia Ukraine Austria Kazakhstan Colombia

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.

Granted patent families
1.4M
Filed by tracked startups headquartered in the country.
4050 patents per million residents · #9 globally
Top patenting hubs
1 Bay Area 358.8K
2 New York City 183.7K
3 Boston 83.9K
4 Seattle 54.1K
5 Detroit 52.1K
6 San Diego 51.7K

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.

1.10×
15 unicorns · 57.7% of global sector
🦾 Robotics
1.09×
16 unicorns · 57.1% of global sector
🚀 Space
1.07×
18 unicorns · 56.3% of global sector
📣 Marketing
1.06×
21 unicorns · 55.3% of global sector
🤖 AI
0.97×
162 unicorns · 50.6% of global sector
🛡️ Cybersecurity
0.95×
46 unicorns · 50.0% of global sector
🪖 Defence
0.95×
7 unicorns · 50.0% of global sector
✈️ Aviation
0.95×
6 unicorns · 50.0% of global sector

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 United States dataset — or see a sample on the Dealroom app.

Sector breakdown
Where United States's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Founder origins
Where United States's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in United States
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in United States
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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