Singapore has attracted more venture capital investment per capita in 2022 than all other countries receiving over $1 billion. Startups in the Southeast Asian city-state pulled in $4.1 billion, equivalent to around $695 for each person, PitchBook data showed.
Other small nations have performed well comparative to their size at a time when the fundraising environment for startups across the globe has been more constrained. Israel has taken second place in the list, raising $506 per capita. Finland also performed well, coming in fifth.
The US, the world’s largest VC market, ranked third with $357 in VC dollars per person.
Featured image via Richard Drury/Getty Images
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