Overall, US & Chinese cities dominate the top 10 list though UK, Germany, and Korea appear as well.
Notably, established cities like New York, Shanghai, London, and Berlin strike the perfect balance between development and growth to maintain their positions across all three lists.
The evolving dynamics in the VC world are not crystal clear.
While Asia remains a powerhouse in development, emerging cities like Dubai and Detroit are propelling forward in the global race for VC dominance.
Dubai's Venture Capital Ecosystem
There are 749 scale-ups that have raised over US $1 million in fundraising in the Middle East and North Africa region; collectively raising over US $19.5 billion, cumulatively, as of December 2022. Over 40% of these scale-ups call Dubai home.