Global Tech Ecosystem Index 2025 (Dealroom)

Summary

• The index analyzes 288 tech ecosystems across 69 countries using investment, innovation, talent, and outcome metrics.p.7
• New York City's startup ecosystem reached an Enterprise Value of $1.3 Trillion, supported by 182K alumni founders and 246 unicorns.p.13
• Cambridge, UK, ranks among the top Density Leaders, generating an Enterprise Value of $187 Billion with a population of 0.67M people.p.16
• AI startup venture capital funding grew by +3.6% in 2024, while rest of tech startups VC funding dropped -63% from its peak.p.35
• Artificial Intelligence startups accounted for 33% of global venture capital in 2024, rising from 7% in 2014.p.36
• Deep Tech startups captured 33% of global venture capital in 2024, compared to 11% in 2014.p.41

Key insights

1. The United States leads the world in qualified ecosystems with 99 cities analyzed in the index.p.8
2. Paris is the top-ranked tech ecosystem in Europe under the Global Champions scale lens, followed by London.p.12
3. Cambridge doubled its venture capital funding investment in 2024 despite a pull-back in global VC funding.p.17
4. Lagos generated an ecosystem valuation expansion of 11.6x since 2017 despite operating in a smaller local economy.p.18
5. Global AI VC investment was heavily concentrated in North America in 2024, absorbing $85B of global funding.p.37
6. The AI foundational layer served as the primary growth driver for AI funding over the last two years.p.38
7. Deep Tech funding demonstrated high resilience, falling only 13% from its 2021 peak compared to a 62% decline in non-deep-tech sectors.p.40
8. European Deep Tech startups secured $16B in venture funding during 2024.p.42