Five venture hubs compared
The SF Bay Area, New York, London and Tel Aviv, with Europe's New Palo Alto supercluster alongside. London companies raised $20B of venture capital in 2025, 4.4% of the global total. Tel Aviv companies raised $5.6B, or 1.2%. London has produced 123 unicorns to Tel Aviv's 42.
The switch updates every chart. Founding city counts a company where it started, such as an Israeli company now based in New York. New Palo Alto includes London, so the hubs overlap and should not be added up.
Share of global VC funding
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New unicorns each year
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