In this report we measure and analyze the most visible and significant part of the Italian startup ecosystem represented by scaleups, i.e. tech companies able to raise over one million in capital.
The very visible Government’s effort to create a healthy, growing and self-sustainable startup ecosystem, seems to be paying off. While in our methodology we tend to shy away from the logic behind the solo counting of Unicorns (whose market evaluation is often very volatile), and we rather base our ranking in the amount of funds raised and other variables, South Korea seems to hit on all cylinders lately: a growth in funding, exits and, yes, also the always resounding, number of “Unicorns”.
Our data show that Spain (as most of the Southern and Eastern countries) suffers a chronic situation of relative undercapitalization compared to the other European regions. Unfortunately, there is only medicine to treat such disease: pour more capital. Move the investment bar from hundreds of millions to billions.