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<\/a><\/p>\nSince 2012, global average Series A rounds have tripled to more than $18 million. Post-money valuations are up, on average, by 239% over 10 years, with the biggest growth in later rounds.<\/p>\n
Deep Tech<\/strong><\/p>\n As for major innovation trends, the rising digits tell the story: Web3, Industry 5.0, Supply Chain 4.0. And, of course, 5G. Innovations in \u2014 among many other sectors \u2014 digital finance, AI-discovered molecules, and climate-change mitigation are remaking not just business, but also the social and physical worlds.<\/p>\n Talent<\/strong><\/p>\n And just as two decades ago Silicon Valley reinvented the culture of place with open offices and spaces optimized for collaboration, so today\u2019s startups are leading our new culture of placeless-ness, said Startup Genome.<\/p>\n “In the Covid-19 pandemic, tech companies both facilitated and pioneered new ways of working, including the virtual-first model, popularized by companies including Dropbox, which makes remote the default. Investment is also no longer tied to location, with some venture capitalists using Zoom to perform due diligence on far-flung investments, geographically expanding their reach.”<\/p>\n However, by rendering talent and capital more fluid, the report’s authors said that technology has paradoxically made geography more important than ever. “Now that founders, talent, and investors can be anywhere, polestars like Silicon Valley, London, and Beijing must compete with hundreds of expanding constellations, each with its own legal, economic, and lifestyle advantages.”<\/p>\n India Rising<\/strong><\/p>\n The startup landscape has shifted substantially, with India surging close behind the United States and China, the report showed. The country has seen a rapid rise in the number of large exits and early-stage rounds, and a substantial increase in Ecosystem Value. India minted 44 unicorns in 2021, raised a total of $72 billion in exits (up from $1.8 billion in 2020).<\/p>\n Hot Spots Everywhere<\/strong><\/p>\n India and China may be the big stories of 2021, but dozens of other intriguing narratives proliferated around the globe, said Startup Genome. Continuing a trend of declining funding share that began in 2016, North America accounted for less than half of early-stage funding in 2021, with Europe and Asia both taking a bite of the total.<\/p>\n VC activity in Latin America nearly doubled from the previous year.<\/p>\n A record 540 companies achieved unicorn status in 2021, with 113 ecosystems producing at least one billion-dollar-plus behemoth. Twenty-two ecosystems \u2014 including Brisbane, Luxembourg, Santiago-Valparaiso, and Ho Chi Minh City \u2014 achieved their first unicorns in the period examined for the GSER.<\/p>\n The GSER 2022 ranks startup ecosystems on seven success factors, including performance and talent, and for South Africa, the report highlighted Cape Town and Johannesburg.<\/p>\n Cape Town Highlights<\/strong><\/p>\n Startup Genome says Cape Town’s startup scene is worth $2.8 billion.<\/p>\n Cape Town\u2019s 450 tech firms, including both giants like Takealot and Amazon and early-stage companies, collectively employ more than 40,000 people. And more businesses are moving to the South African ecosystem. Cape Town is one of the world\u2019s fastest-growing regions in terms of foreign investment, according to a report from fDi Intelligence.<\/p>\n\n
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