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Continent / region

North America

Continent / region · Pop. 60M · #2 region by EV

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

$31.5T+47%
Combined startup EV
$290B
VC invested (last 12mo)
122.2K
Tracked startups
#1/ 69
Unicorns per 1M people · regions rank
🦄 Unicorns
2,136
2,136 live · +167 new in 2025 (incl. 37 new decacorns)
💎 Decacorns
218
$10B+ tier
🐎 Thoroughbreds
1,676
Top 1% growth · $500M+

Enterprise value · 2015–2025

North America grew 11.3× since 2015

Combined enterprise value of every tracked startup headquartered in North America that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $10T $20T $30T $40T North America · $31.6T 2015 2018 2021 2024 2025

Adjacent regions by EV

Startup funnel

North America'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
25.5K
Seed
21.2K
Series A
19.7K
Series B
11.2K
Series C
6,880
Unicorn
1,922
Decacorn
202

* 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 North America

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 202
CoreWeaveCloudflareCarvanaSeagenSnowflakeCoinbaseDoorDashAnysphere | CursorRocket LabCienaRobinhoodDatadogVonagePayPaleBayX.AirbnbThinking Machines LabBloom EnergyServiceNow
Unicorns $1B+ valuation 1,922
DrataHawkEye 360SeekOutAmpriusAlectorTwelveNewfrontPoseida TherapeuticsConstellation PharmaceuticalsSAP SuccessFactorsSymboticXanaduCarmot TherapeuticsClementia PharmaceuticalsPayStandStytchMasterworksGeoComplyAssemblyRomeo Power+1894 more
Thoroughbreds+ $100M+ revenue 1,513
AmazonAlphabet | GoogleMetaNvidiaTeslaBroadcomUberNetflixSalesforceCoupangPayPalBlockCarvanaAnthropicBitGoSpaceX | xAIVonageDoorDashServiceNowOpenAI

Academia

North America's academic flywheel

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

University-linked startup formation
4,003
University spinouts
91.3K
Total alumni-founded companies
52.5K
Of which startups (<$15M raised)
27.5K
Breakouts ($15M-100M)
11.3K
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How North America stacks up

Peers chosen from other continents / multi-country regions, sized closest to North America by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$44.1T
North America
$31.5T
$8.9T
$4.6T
$3.8T
$581B
EV growth (5-yr ×) vs current EV
peer median 5.8× 4.0× 8.2× 12.4× $73.6B $1.8T $44.1T EV growth (5yr ×) Combined enterprise value (log) World Asia EMEA North America

Top overview

Top regions — combined view

Top regions globally ranked by combined EV. North America's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 World $44.1T 5.8× 3,634 $444B 288.9K
2 North America $31.5T 6.8× 2,136 $290B 122.2K
3 Asia $8.9T 4.0× 916 $85.5B 74.2K
4 EMEA $4.6T 4.7× 857 $84.1B 89.8K
5 Europe $3.8T 4.4× 689 $67.9B 75.5K
6 European Union $2.3T 4.4× 410 $37.3B 48.5K
7 Nordics $581B 5.1× 105 $8.2B 8,196
8 South America $502B 11.3× 69 $4.7B 8,638
9 Oceania $368B 10.6× 51 $5.4B 5,662
10 Central Eastern Europe $193B 5.2× 58 $2.3B 7,162
11 MENA $142B 12.4× 33 $5.9B 4,435
12 Africa $73.6B 10.7× 14 $1.7B 4,526

Sector concentration

Where North America punches above its weight

Sectors in which North America's share of the global unicorn pool is bigger than its overall share. A 5× over-index means North America is 5× more represented in that sector than in the global average. Source: top-hub aggregation across the 18 simplified sectors.

📣 Marketing
1.11×
23 unicorns · 60.5% of global sector
1.06×
15 unicorns · 57.7% of global sector
🦾 Robotics
1.05×
16 unicorns · 57.1% of global sector
🚀 Space
1.04×
18 unicorns · 56.3% of global sector
🤖 AI
1.00×
173 unicorns · 54.1% of global sector
🛡️ Cybersecurity
0.92×
46 unicorns · 50.0% of global sector
🪖 Defence
0.92×
7 unicorns · 50.0% of global sector
✈️ Aviation
0.92×
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 North America dataset — or see a sample on the Dealroom app.

Sector breakdown
Where North America's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
North America'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
North America'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 North America'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 North America
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in North America
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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