For the first time ever, less than 50% of global funding went to startups based in North America as a result of decreasing funding in The US and small increases in Europe and Asia.
As the second quarter of 2017 ends, we have once again gathered the data and turned it into a report to get a clear overview of the global funding of startups during the quarter.
A drop in global funding might not be so bad after all
A slight drop in the global funding during the second quarter of 2017 might seem like a negative at first sight, but compared to the first quarter of the year, the drop is only half as large.
Therefore, even though funding is still below what it was at the same time a year before, the fall is not as steep as during the first quarter of 2017 and third quarter of 2016. If this trend continues, we might even see the funding finally catching up with the previous year’s digits.
Funding in North America is drying up
When looking at global funding in the second quarter by region, North America is the only region experiencing a fall in funding. It fell by almost a quarter while Europe and Asia both saw an increase.
The same trend was seen in our previous quarterly report, where North America’s funding shrunk by 20%. At this rate, Asia might soon surpass North America regarding the volume of funding.
North America gets less that half of the global share of funding
Looking at the share of global funding, North America—for the first time—is getting less than half of the global funding. In just 4 years the share of global funding dropped from 80% to 45% in the region.
Meanwhile, we can see Asia catching up and taking now almost 40% of the global share of funding, while Europe remains someone steady.
Full report is completely free and available on markets.funderbeam.com/reports