美国扩展生态系统报告-2024

Report – 2024 June 2024 Foreword We also take adeeper dive into the rise of AIand look at sub industries with thelargest potential –– and the most funding. "TheUnited Stateshas long been regarded as the frontier where innovators andentrepreneurs thrive –– and that hasnʼt wavered, evident by thenearly 20,000scaleups founded or headquartered in the country. In this report, weʼve taken acloser look atscaleups in the US. Our team,GROW with SAP for scaleups, is dedicated to providing scaleupcompanies with the tools, services, and solutions they need to continuegrowing. We help companies scale their business, boost operational efficiencies,and expand with confidence – all through our SaaS platform. Backed by bestpractices, it can help you manage core business functions like finance, accounting,operations, human resources, and travel expenses. A scaleup is a company that has proven a product-market fit and a repeatablebusiness model. At that stage, these companies focus on massively acceleratingand executing their business plan more than defining it. We define scaleups as companies beyond startup stage that are in their Series A, B,or C+ funding rounds or have recently IPOʼd. They're also companies that raisedmore than $15 million in total venture capital investment and/or companies thatreached $1 billion in valuation or exited at $1 billion. With this mission in mind, we created the report for scaleup leaders, investors,employees, and other stakeholders. Venture capitalists poured$145 billion into US companies in 2023. The country isalso the top converter of unicorns to decacorns. Thatʼs not to mention thecountless opportunities in numerous cities across the US for scaleups. This is an interactive report, with links to data sources shared throughout. This givesyou an opportunity to cut, slice, and dice the data for your own scaleup needs. Thanks for reading. Letʼs dive in!" With the help of Dealroom, our goal is to provide context about what makes the USscaleups ecosystem so dominant: ●What are the characteristics that allow scaleups to thrive?●Where is total scaleups funding heading in 2024 and beyond?●Is artificial intelligence the new safest bet for venture capitalistsʼinvestments? What you need to know. The US is the top geography bynumber of scaleups. The US dominates late-stageoutcomes. We define Scaleups as Success also breeds further success: hundreds ofstartups have spun out from some of the mostnotable US scaleups.Outside its homemade successes, many scaleupsmove to the US in order to scale.10% of all US Unicorns were founded abroad, amongwhich 40% in Europe and 40% in Israel. The US attracts over 60% of late stage funding andhas 60%+ of all unicorns, while accounting for mostoutliers which achieved massive valuation withlimited funding.It is also the top geography for conversion to unicornand decacorn. Companies which raisedabove$15M in total VC investmentand/orcompanies which reached$1Bvaluation or exit at one point intime(unicorns and $1B exits). Scaleups are increasinglygeographically distributedacross the US. Gen AI and Climate tech aresome of the top fundedfrontier tech segments. These are companies whichcurrently maintain theirmaincenter of business (HQ) in the US,or were founded in the US andrelocated outside of the country. On average, the US is back to 2018 levels for VCinvestment raised, but VC funding is rising again in2024. 25% of all US VC investment went to AI-firstcompanies in 2023, mostly driven by GenAI. Thispercentage has never been this high.Climate Tech VC funding instead dropped 58% in2023, despite IRA headwinds. Energy and mobilitydominated VC funding with EV Battery recycling,Solar Energy and Green Hydrogen production. The Bay Area still dominates large outcomes but NY,Boston and LA are on a faster growth trajectorySome rising ecosystems such as Pittsburgh, Denver,Washington DC and Miami are growing a lot faster. 1A scaling powerhouse 2Ecosystem today 3Frontier tech (AI & Climate tech) Entrepreneurshiphas spread outglobally at earlierstages. But the US keepsattracting over60% of late stagefunding andrecovereddominance inrecent years. The USdominates largeoutcomes. Itsglobal share rosefrom 50% to 85%from <$250Mvaluation tocentacorns.The Bay Area hasa disproportio--nate dominancein the US. Looking atVC-backedcompanies,the US hosts lessthan 40% ofearly-stagestartups, but55% of allunicorns and60%+ ofdecacorns andcentacorns. Efficiency:funding vsvaluation Despite large fundingavailability, the US has themost outliers of massivevaluation with limitedfunding raised. The US is the top geography for conversion to unicorn and decacorn. % of VC-backed startups that become unicorn The US ranksfirst by numberof scaleups. 19.8K Scaleups werefounded or HQ in the US,which is 5x more scaleupsthan China and 9.5x morethan the UK. Many scaleups move their HQ to the US in order to scale, especially to the Bay Areaand New York. 10% of all US Unicorns (170) were