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April 24, 2024 | Tom Ballard

PitchBook ranks the top cities across the globe for their start-up ecosystems

Four of the top six are in the U.S. Nearby Atlanta and Raleigh make the top 50.

PitchBook has issued the latest edition of its global “Venture Capital (VC) Ecosystem Rankings” that compares how locations rank in overall development and growth rates relative to one another. The framework provides a scoring system for development and growth by assessing the size, maturity, and growth rates of a VC ecosystem using proprietary data points housed in the PitchBook Platform.

PitchBook explains that its development score is derived from two criteria: size and maturity. To measure size, it analyzed inputs including but not limited to VC deals, exits, and fundraising activity. When assessing the maturity of an ecosystem, emphasis is placed on the ability of start-ups based in the city to secure capital, grow, exit, and create outliers.

The growth score demonstrates short-, medium- and long-term growth momentum regarding VC deal, exit, and fundraising activity across the past six years.

So, what cities made the top 50?

  • Not surprisingly, four of the top six are U.S. cities. They are San Francisco (#1), New York City (#2), Los Angeles (#5), and Boston (#6).
  • Others of note include Austin (#16), Denver (#19), Miami (#30), Dallas (#36), Atlanta (#37), Raleigh (#42), and Houston (#50).

Click here to view the rankings.

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