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)