We perused our country-by-country funding data to pinpoint which nations are seeing the biggest jumps in funding activity.

1. #1: Colombia
Total 2019 Funding: $1.25B
YoY Growth: 236%
Reported rounds: 16
Biggest city for startups: Bogota
Notable deals last year: Rappi (e-commerce
site, $1B round)

2. #2: Vietnam
Total 2019 Funding: $589M
YoY Growth: 194%
Reported rounds: 22
Biggest city/cities for startups: Hanoi, Ho Chi
Minh City
Notable deals: VNPay (payments provider,
$300M round), Momo (payments app,
$100M round), Sendo (e-commerce site,
$60M round)

3. #3: Nigeria
Total 2019 Funding: $283M
YoY Growth: 137%
Reported rounds: 17
Biggest city for startups: Lagos
Notable deals: OPay (Mobile payments,
$170M), PalmPay (Payments, $40M), Jiji
(online marketplace, $20M)

4. #4: Mexico
Total 2019 Funding: $495M
YoY Growth: 89%
Reported rounds: 24
Biggest city for startups: Mexico City
Notable deals: Konfio (business loans,
$100M), Clip (payments device, $100M)

5. #5: Brazil
Total 2019 Funding: $2.47B
YoY Growth: 79%
Reported rounds: 72
Biggest city for startups: Sao Paulo
Notable deals: Nubank (banking, $400M),
Gympass (fitness programs, $300M),
QuitoAndar ($250M, home rentals)

6. #6: Spain
Total 2019 Funding: $1.29B
YoY Growth: 67%
Reported rounds: 95
Biggest city/cities for startups: Barcelona,
Madrid
Notable deals last year: Glovo (courier app,
$336M raised in 2019), JobandTalent
(staffing app, $76M round)

7. #7: India
Total 2019 Funding: $13.69B
YoY Growth: 23%
Reported rounds: 454
Biggest cities for startups: Bangalore, New
Delhi/Gurgaon
Notable deals: Oyo (budget hotels, $1.5B
round), Udaan (B2B trade platform, $585M),
Delhivery (supply chain services, $413M)