Which Countries Surprised Us with Startup Funding Growth in 2024
From The Philippines To Argentina, These Four Countries Saw Startup Funding Rise Emerging markets like the Philippines, Ireland, Argentina, and Czech Republic experienced significant venture funding growth.
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In 2024, startup funding increased across four countries. The Philippines reported $245 million in funding, a 67% rise from the previous year, driven by significant investments in companies like Salmon, Dali Discount, and Lhoopa. Ireland's venture funding nearly reached $1.2 billion, doubling from the previous year, with notable amounts raised by TechMet, Mainstay Medical, and SynOx Therapeutics. Argentina saw a funding surge to $415 million, largely due to Uala's $300 million Series E round, amidst economic challenges from a major currency devaluation. The Czech Republic experienced funding growth to $337 million, a fourfold increase, primarily from Rohlik Group and Mews, although many rounds were under $10 million. Overall, these increases followed previous years of low funding levels.
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