Business · Rest of World
Venture-backed firms outside the U.S. picked up a little over $100B in 2016
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
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By 2021, that figure stood at more than $300 billion.
Key facts
- The investment gap is even starker: The top 10 global AI investors led $96 billion in funding rounds for U.S. AI companies last year, compared with $1.9 billion across all other countries combined
- According to Tracxn data, fewer than 45 AI startups have been founded in Africa since 2023, and they’ve raised less than $40 million between them
- In mid-February, Anthropic announced it had raised an eye-watering $30 billion at a $380 billion valuation
- All in, according to an analysis by the Organisation for Economic Co-operation and Development, U.S. AI firms attracted 75% of all AI investment last year — $194 billion
Summary
In 2016, the future looked bright for tech companies outside of Silicon Valley. American investors were suddenly waking up to opportunities overseas, and allocating money accordingly. In the summer of 2016, Japanese social networking app Line went public in the biggest global tech IPO of the year. The spread of mobile technology fueled a fintech boom in places like Brazil, where Nubank was building what would become one of the world’s largest digital banks. Venture-backed companies outside the U.S. raised a little over $100 billion in 2016.