A market study by HexGn shows that startup companies in the U.S. obtained a cumulative value of $100B in funding in 2019.
Startup companies in San Francisco account for 18 percent of all startup deals worldwide, while the U.S. secured more funds than 30 other countries, the firm said Friday.
India and Africa landed investments worth $14B and $1.85B, respectively, while Europe maintained its footing and received $47B cumulatively in startup deals despite the decrease in auto and banking sector sales.
The company also named various cities from the U.K., China, India and Singapore including New York, London and Shanghai on its top 10 list of startup cities for 2020. HexGn cited Croatia, Bahrain and Romania for expanding their investments twentyfold in 2019.
HexGn analyzed 1M data points and more than 60K transactions in the creation of the market study.