Where do the most active accelerators invest?
From 2020 to 2022, roughly 3 in 5 accelerator deals from YC (58%) and Techstars (63%) went to US-based companies vs. 41% for Plug and Play.
A similar trend played out among big tech companies.
At Amazon, 54% of its accelerator deals went to US-based startups from 2020 to 2022, and 22% went to Asia-based companies. This aligns with Amazon’s limited footprint in Asia, relative to North America.
Microsoft’s accelerator activity reflects the opposite approach.
Sixty-two percent of its deals went to Asia-based startups during that period, while just 11% went to US-based companies. Microsoft offers sizable programs outside of the US, including the Microsoft for Startups Middle East GrowthX Accelerator, launched in partnership with the Abu Dhabi Investment Office.
While the US has historically attracted a significant amount of deals from the top 50 accelerator cohort, its dominance is waning. The country’s share of deals hit 32% in 2022, down 7 percentage points from 2020.
At the same time, top accelerator deal share has grown in Asia, Africa, Latin America, and Europe. In 2022, Europe followed the US closely with 31% of accelerator deals from these investors.