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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
$284B
VC invested (last 12mo)
112.7K
Tracked startups
#3/ 67
Unicorns per 1M people · world rank
🦄 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+

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 — public and private companies combined, totalled by founding-year cohort.

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

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, paired with their 5-year growth multiplier.

By enterprise value
By 5-yr EV growth

Startup funnel

United States'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.

Pre-Seed
23.3K
Seed
19.5K
Series A
18.4K
Series B
10.6K
Series C
6,582
Unicorn
1,850
Decacorn
199

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in United States

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 199
CoreWeaveDatadogRobinhoodCienaX.Bloom EnergyeBayAirbnbDoorDashCarvanaServiceNowCoinbaseSeagenRocket LabAnysphere | CursorThinking Machines LabVonageSnowflakeCloudflarePayPal
Unicorns $1B+ valuation 1,850
EnvestnetSezzleTruMidAutomatticJamfChargeBeeCart.comRiot PlatformsVelosBioScrollKalVista PharmaceuticalsMapLight TherapeuticsTourmaline BioPear TherapeuticsBioMarin PharmaceuticalHubspotAmicus TherapeuticsC3.aiAmwellGlean+1822 more
Thoroughbreds+ $100M+ revenue 1,470
AmazonAlphabet | GoogleMetaNvidiaTeslaBroadcomUberNetflixSalesforceCoupangPayPalBlockCarvanaAnthropicBitGoSpaceX | xAIVonageDoorDashServiceNowOpenAI

Academia

United States's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to United States.

University-linked startup formation
2,908
University spinouts
84.1K
Total alumni-founded companies
47.8K
Of which startups (<$15M raised)
25.6K
Breakouts ($15M-100M)
10.7K
Scaleups ($100M+)
Top universities producing founders tied to United States
  • 🇺🇸 Stanford University Stanford, CA · 478 alumni unicorns
    Notable alumni-founded: GoogleNvidiaOpenAIStripe
  • 🇺🇸 Harvard University Cambridge, MA · 320 alumni unicorns
    Notable alumni-founded: Microsoft (founder alumni)Meta / FacebookStripePlaid
  • 🇺🇸 MIT Cambridge, MA · 295 alumni unicorns
    Notable alumni-founded: AkamaiDropboxHubSpotiRobot
  • 🇺🇸 UC Berkeley Berkeley, CA · 190 alumni unicorns
    Notable alumni-founded: Apple (founders)TeslaDatabricksGitLab
  • 🇺🇸 University of Pennsylvania Philadelphia, PA · 165 alumni unicorns
    Notable alumni-founded: Warby ParkerCompassBetterCloudOutschool
  • 🇺🇸 Princeton University Princeton, NJ · 80 alumni unicorns
    Notable alumni-founded: Amazon (founder)

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
$884B
$600B
$571B
$439B
$414B
EV growth (5-yr ×) vs current EV
peer median 8.2× 2.1× 172.3× 342.6× $10.7B $575B $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

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 $284B 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 $884B 7.1× 125 $13.9B 13.3K
5 Israel $600B 5.6× 128 $10.7B 4,762
6 Canada $571B 9.6× 81 $5.9B 9,480
7 South Korea $439B 15.6× 41 $8.2B 7,931
8 France $414B 5.6× 65 $8.4B 9,082
9 Germany $410B 4.0× 86 $8.3B 8,710
10 Singapore $359B 9.6× 38 $3.3B 3,900
11 Netherlands $347B 2.7× 39 $3.2B 3,887
12 Australia $294B 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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Capital autonomy
United States's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
United States's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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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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