Venture Capital & Startup Financing

Composite 0-100 points for venture-capital and startup-financing conditions, using fintech maturity, economic freedom, prosperity, company-registration speed, startup cost, labour flexibility, 5G coverage and corporate-tax context.
1 Singapore89 points 89 points 89
2 Hong Kong86 points 86 points 86
3 Cayman Islands85 points 85 points 85
4 Bermuda84 points 84 points 84
4 Denmark84 points 84 points 84
4 Ireland84 points 84 points 84
4 Norway84 points 84 points 84
4 Gibraltar84 points 84 points 84
4 New Zealand84 points 84 points 84
10 Canada83 points 83 points 83
11 Australia82 points 82 points 82
11 Luxembourg82 points 82 points 82
11 Netherlands82 points 82 points 82
11 Switzerland82 points 82 points 82
15 Slovenia81 points 81 points 81
15 Sweden81 points 81 points 81
15 Faroe Islands81 points 81 points 81
15 Iceland81 points 81 points 81
19 United States80 points 80 points 80
19 United Kingdom80 points 80 points 80
19 Estonia80 points 80 points 80
19 Finland80 points 80 points 80
19 Greenland80 points 80 points 80
24 British Virgin Islands79 points 79 points 79
25 France78 points 78 points 78
25 Turks and Caicos Islands78 points 78 points 78
25 Latvia78 points 78 points 78
25 Lithuania78 points 78 points 78
29 Belgium77 points 77 points 77
30 Czech Republic76 points 76 points 76
30 Germany76 points 76 points 76
32 Austria75 points 75 points 75
32 Monaco75 points 75 points 75
32 Bahrain75 points 75 points 75
32 Japan75 points 75 points 75
36 Portugal74 points 74 points 74
36 Korea Republic74 points 74 points 74
36 Liechtenstein74 points 74 points 74
36 Réunion74 points 74 points 74
40 Israel73 points 73 points 73
40 Spain73 points 73 points 73
40 Macau73 points 73 points 73
40 United Arab Emirates73 points 73 points 73
40 Cyprus73 points 73 points 73
40 Martinique73 points 73 points 73
40 Guam73 points 73 points 73
40 U.S. Virgin Islands73 points 73 points 73
48 Hungary72 points 72 points 72
48 Guadeloupe72 points 72 points 72
48 Kazakhstan72 points 72 points 72
48 Saint-Martin72 points 72 points 72
48 French Guiana72 points 72 points 72
53 Chinese Taipei71 points 71 points 71
53 Aruba71 points 71 points 71
53 Kuwait71 points 71 points 71
53 Italy71 points 71 points 71
53 Tahiti71 points 71 points 71
53 Saint Pierre and Miquelon71 points 71 points 71
53 Slovakia71 points 71 points 71
60 Bulgaria70 points 70 points 70
60 Northern Mariana Islands70 points 70 points 70
60 Curacao70 points 70 points 70
60 Sint Maarten70 points 70 points 70
60 Croatia70 points 70 points 70
65 Qatar69 points 69 points 69
65 Malta69 points 69 points 69
65 Georgia69 points 69 points 69
65 Greece69 points 69 points 69
69 Mayotte68 points 68 points 68
69 New Caledonia68 points 68 points 68
69 Cook Islands68 points 68 points 68
69 Mauritius68 points 68 points 68
69 Oman68 points 68 points 68
74 North Macedonia67 points 67 points 67
74 Chile67 points 67 points 67
74 Saudi Arabia67 points 67 points 67
77 Montserrat66 points 66 points 66
77 American Samoa66 points 66 points 66
77 Niue66 points 66 points 66
77 China66 points 66 points 66
77 Romania66 points 66 points 66
77 Russia66 points 66 points 66
77 Wallis and Futuna66 points 66 points 66
84 Poland65 points 65 points 65
84 Mongolia65 points 65 points 65
84 Puerto Rico65 points 65 points 65
84 Armenia65 points 65 points 65
84 Serbia65 points 65 points 65
84 Ukraine65 points 65 points 65
90 Montenegro64 points 64 points 64
90 Malaysia64 points 64 points 64
92 Andorra63 points 63 points 63
92 Uruguay63 points 63 points 63
94 Turkey62 points 62 points 62
94 Belarus62 points 62 points 62
94 Trinidad and Tobago62 points 62 points 62
94 Thailand62 points 62 points 62
94 San Marino62 points 62 points 62
99 Argentina61 points 61 points 61
100 Panama60 points 60 points 60
100 Azerbaijan60 points 60 points 60
100 Brazil60 points 60 points 60
103 Brunei59 points 59 points 59
103 Kosovo59 points 59 points 59
103 Costa Rica59 points 59 points 59
103 Kyrgyzstan59 points 59 points 59
107 South Africa58 points 58 points 58
107 Botswana58 points 58 points 58
107 Uzbekistan58 points 58 points 58
107 Vietnam58 points 58 points 58
107 Bosnia and Herzegovina58 points 58 points 58
112 Maldives57 points 57 points 57
112 Moldova57 points 57 points 57
112 Barbados57 points 57 points 57
115 Bahamas56 points 56 points 56
115 Albania56 points 56 points 56
117 Jamaica55 points 55 points 55
117 Anguilla55 points 55 points 55
117 Iran55 points 55 points 55
117 Dominican Republic55 points 55 points 55
121 Peru54 points 54 points 54
121 Colombia54 points 54 points 54
121 Ghana54 points 54 points 54
124 Mexico53 points 53 points 53
125 Indonesia52 points 52 points 52
125 India52 points 52 points 52
127 Kenya51 points 51 points 51
128 Paraguay50 points 50 points 50
128 Namibia50 points 50 points 50
128 Sri Lanka50 points 50 points 50
128 Jordan50 points 50 points 50
128 Senegal50 points 50 points 50
133 Gabon49 points 49 points 49
133 Ivory Coast49 points 49 points 49
133 Belize49 points 49 points 49
133 Tunisia49 points 49 points 49
133 Philippines49 points 49 points 49
138 Ecuador48 points 48 points 48
138 Egypt48 points 48 points 48
138 Swaziland48 points 48 points 48
141 Seychelles47 points 47 points 47
141 Bhutan47 points 47 points 47
141 Morocco47 points 47 points 47
141 Antigua and Barbuda47 points 47 points 47
141 Guyana47 points 47 points 47
146 Saint Kitts and Nevis46 points 46 points 46
146 Nigeria46 points 46 points 46
146 Cape Verde46 points 46 points 46
149 Zambia45 points 45 points 45
149 Saint Lucia45 points 45 points 45
149 El Salvador45 points 45 points 45
149 Iraq45 points 45 points 45
149 Benin45 points 45 points 45
154 Rwanda44 points 44 points 44
154 Algeria44 points 44 points 44
154 Guatemala44 points 44 points 44
154 Tajikistan44 points 44 points 44
154 Grenada44 points 44 points 44
154 Lesotho44 points 44 points 44
160 Saint Vincent and the Grenadines43 points 43 points 43
160 Turkmenistan43 points 43 points 43
160 Dominica43 points 43 points 43
160 Tanzania43 points 43 points 43
160 Togo43 points 43 points 43
160 Samoa43 points 43 points 43
160 Fiji43 points 43 points 43
160 Bangladesh43 points 43 points 43
160 Congo43 points 43 points 43
169 Honduras42 points 42 points 42
169 Cameroon42 points 42 points 42
169 Palau42 points 42 points 42
169 Nepal42 points 42 points 42
169 Bolivia42 points 42 points 42
169 Uganda42 points 42 points 42
175 Lebanon41 points 41 points 41
175 Mali41 points 41 points 41
177 Pakistan40 points 40 points 40
177 Burkina Faso40 points 40 points 40
177 Cambodia40 points 40 points 40
177 Nauru40 points 40 points 40
181 Laos39 points 39 points 39
181 Marshall Islands39 points 39 points 39
181 Mauritania39 points 39 points 39
181 Micronesia39 points 39 points 39
181 Nicaragua39 points 39 points 39
186 Liberia38 points 38 points 38
186 Guinea38 points 38 points 38
186 Tonga38 points 38 points 38
186 Venezuela38 points 38 points 38
186 Libya38 points 38 points 38
191 Vanuatu37 points 37 points 37
191 Mozambique37 points 37 points 37
191 Palestine37 points 37 points 37
191 Sierra Leone37 points 37 points 37
195 Comoros36 points 36 points 36
195 Madagascar36 points 36 points 36
197 Angola35 points 35 points 35
197 Malawi35 points 35 points 35
199 Zimbabwe34 points 34 points 34
199 Congo DR34 points 34 points 34
199 Ethiopia34 points 34 points 34
199 Suriname34 points 34 points 34
199 Gambia34 points 34 points 34
204 São Tomé and Príncipe33 points 33 points 33
204 Myanmar33 points 33 points 33
204 Djibouti33 points 33 points 33
204 Zanzibar33 points 33 points 33
204 Tuvalu33 points 33 points 33
209 Timor-Leste31 points 31 points 31
209 Papua New Guinea31 points 31 points 31
209 Afghanistan31 points 31 points 31
209 Kiribati31 points 31 points 31
209 Solomon Islands31 points 31 points 31
214 Niger29 points 29 points 29
215 Guinea-Bissau28 points 28 points 28
216 Equatorial Guinea27 points 27 points 27
217 Haiti26 points 26 points 26
218 Burundi25 points 25 points 25
218 Western Sahara25 points 25 points 25
218 Cuba25 points 25 points 25
218 Chad25 points 25 points 25
218 Syria25 points 25 points 25
223 Sudan24 points 24 points 24
223 Somalia24 points 24 points 24
225 Yemen23 points 23 points 23
226 Central African Republic22 points 22 points 22
227 Eritrea17 points 17 points 17
228 South Sudan14 points 14 points 14
229 Korea DPR9 points 9 points 9

Last rating: June 17th, 2026

How the Raw Value Is Calculated

The raw value is a Nomadino 0-100 point value for venture capital and startup financing. 0 means very weak conditions for young high-growth companies, while 100 means a very strong financing and startup environment.

The starting point is Nomadino data on fintech development, economic freedom, GDP per capita at purchasing power parity, days to register a company, startup cost, labour-market flexibility, 5G coverage and corporate tax. The result is checked against World Bank, business and digital-infrastructure data.

The calculation combines eight blocks: fintech development counts for 25%, economic freedom 20%, GDP per capita at purchasing power parity 15%, days to register a company 12%, startup cost 10%, labour-market flexibility 8%, 5G coverage 5%, and corporate tax 5%.

The indicator does not only assess available risk capital. It also measures whether businesses can be created quickly and cheaply, whether digital finance channels exist, whether talent can be hired flexibly and whether tax pressure does not constrain growth too early.

For countries and territories without complete direct coverage, Nomadino uses maintained replacement values. They are checked against regional peers, administering states, available startup data, digital infrastructure and economic indicators.

The score equals the raw value. A higher raw value therefore improves the ranking.