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Startup funding per capita by country

Name: Startup funding per capita by country
Creator: FundingWatcher

Updated 23 Oct 2026

Singapore had 35.0 startup funding rounds per million people from October 2025 to September 2026, the most of any country with at least one million people. The United States ranked third with 25.0. Source: FundingWatcher, October 2026.

Value: 35.0
Unit: startup funding rounds per million people in Singapore, October 2025 to September 2026
Data as of: 23 October 2026
Source: FundingWatcher, October 2026

Figure 1. Startup funding rounds per million people, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

Figure 2. Startup funding rounds per million people, top 20 countries, October 2025 to September 2026. Source: FundingWatcher. Data as of 23 October 2026.

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Country

44 rows

Rank	Country	Rounds	Population	Rounds per million people
1	Singapore	211	6.0 million	35.0
2	Estonia	37	1.4 million	27.0
3	United States	8,496	340.0 million	25.0
4	Switzerland	195	9.0 million	21.7
5	Denmark	116	6.0 million	19.4
6	United Kingdom	994	69.3 million	14.3
7	United Arab Emirates	151	11.0 million	13.7
8	Finland	76	5.6 million	13.5
9	Ireland	71	5.4 million	13.2
10	Sweden	137	10.6 million	13.0
11	Israel	118	10.0 million	11.8
12	Hong Kong	83	7.5 million	11.0
13	South Korea	458	51.8 million	8.9
14	The Netherlands	155	18.0 million	8.6
15	New Zealand	40	5.3 million	7.6
16	Australia	199	27.2 million	7.3
17	Lithuania	21	2.9 million	7.3
18	Canada	300	41.3 million	7.3
19	Norway	39	5.6 million	7.0
20	Belgium	70	11.9 million	5.9
21	Austria	53	9.2 million	5.8
22	Germany	437	83.5 million	5.2
23	France	353	68.6 million	5.1
24	Spain	209	48.8 million	4.3
25	Japan	459	124.0 million	3.7
26	Portugal	35	10.7 million	3.3
27	Italy	180	59.0 million	3.1
28	Czech Republic	33	10.9 million	3.0
29	Saudi Arabia	106	35.3 million	3.0
30	China	3,260	1,409.0 million	2.3
31	Poland	49	36.6 million	1.3
32	Turkey	101	85.5 million	1.2
33	Brazil	155	212.0 million	0.7
34	India	1,056	1,450.9 million	0.7
35	Malaysia	25	35.6 million	0.7
36	South Africa	42	64.0 million	0.7
37	Colombia	27	52.9 million	0.5
38	Kenya	28	56.4 million	0.5
39	Argentina	20	45.7 million	0.4
40	Nigeria	85	232.7 million	0.4
41	Mexico	34	130.9 million	0.3
42	Egypt	28	116.5 million	0.2
43	Vietnam	22	101.0 million	0.2
44	Indonesia	29	283.5 million	0.1

Table 1. Startup funding per capita by country. Source: FundingWatcher. Data as of 23 October 2026. Base: 18,793.

Previous values

Month	Data as of	Value
October 2026	19 October 2026	35.1
September 2026	28 September 2026	35.8

Table 2. Startup funding per capita by country, value at each monthly update. Source: FundingWatcher. Data as of 23 October 2026.

Method: Rounds dated October 2025 to September 2026, counted from the startup file of 23 October 2026. The file keeps each company's most recent pre-seed, seed, angel or Series A to J round only, so a company that raised twice in the window counts once. Countries with at least one million people and 20 rounds. Population: World Bank, World Development Indicators, SP.POP.TOTL, 2024. Taiwan is not in the World Bank table and is left out. Full method.

Cite or embed

<a href="https://fundingwatcher.com/data/startup-funding-per-capita/"><img src="https://fundingwatcher.com/static/figures/startup-funding-per-capita.png" alt="Singapore had 35.0 startup funding rounds per million people from October 2025 to September 2026, the most of any country with at least one million people. The United States ranked third with 25.0." width="1200" style="max-width:100%;height:auto"></a>
<p>Source: <a href="https://fundingwatcher.com/data/startup-funding-per-capita/">FundingWatcher</a>, October 2026</p>

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