# Investor map: who invests where

> Where investors actually put money, drawn from rounds we watched rather than from the markets funds say they cover, with the corridors cross-border cheques...

Source: https://millionrounds.com/map (Millionrounds; every figure on the page links to its filing or article)

Investor Map

# Who invests *where*.

Shaded by how many investors we have watched put money into a company there, wherever they sit. Funds say they cover nearly every market; this is drawn from rounds instead. The lines are the routes cross-border cheques took in the last two years.

[Markets they back](https://millionrounds.com/map)[Where they are based](https://millionrounds.com/map?by=based)

Corridor

**UK → US** *1,173* rounds with a UK investor, last 2 years

**US → UK** *940* rounds with a US investor, last 2 years

**Canada → US** *512* rounds with a Canada investor, last 2 years

**US → Canada** *495* rounds with a US investor, last 2 years

**Singapore → US** *411* rounds with a Singapore investor, last 2 years

**Germany → US** *389* rounds with a Germany investor, last 2 years

**US → Germany** *328* rounds with a US investor, last 2 years

**US → Japan** *315* rounds with a US investor, last 2 years

**France → US** *297* rounds with a France investor, last 2 years

**Japan → US** *288* rounds with a Japan investor, last 2 years

**US → France** *284* rounds with a US investor, last 2 years

**US → Australia** *228* rounds with a US investor, last 2 years

**US → Brazil** *228* rounds with a US investor, last 2 years

**US → Singapore** *208* rounds with a US investor, last 2 years

Shaded by rank, not count. A country left blank is one where we have seen nothing, which is not the same as nothing happening. Hover a country for both figures; click for its list.

**137,249** investors with a home country we can name

**153** countries we have seen money go into

**52%** of rounds in the last 2 years had an investor from abroad

**105** home countries those cheques came from

The corridors

## Money runs both ways, but not evenly

The busiest routes between two countries, counted as rounds in the last two years with an investor from one side and a company on the other.

UK 2,113 US

UK investors into US **1,173**

US investors into UK **940**

Canada 1,007 US

Canada investors into US **512**

US investors into Canada **495**

Germany 717 US

Germany investors into US **389**

US investors into Germany **328**

Singapore 619 US

Singapore investors into US **411**

US investors into Singapore **208**

Germany 346 UK

Germany investors into UK **184**

UK investors into Germany **162**

France 226 UK

France investors into UK **99**

UK investors into France **127**

Germany 146 France

Germany investors into France **67**

France investors into Germany **79**

UK 135 Netherlands

UK investors into Netherlands **63**

Netherlands investors into UK **72**

Home and away

## Who backs each market: locals or visitors

The investors we watched put money into each of the ten busiest markets, split by where they are based. The most open of them is **Switzerland**, where 91% of the investors came from abroad.

Based there From abroad

[United States *2,575* *1,245* **29%** of rounds](https://millionrounds.com/lists/investors-in-united-states)

[United Kingdom *322* *1,138* **28%** of rounds](https://millionrounds.com/lists/investors-in-united-kingdom)

[Canada *121* *559* **46%** of rounds](https://millionrounds.com/lists/investors-in-canada)

[Japan *81* *171* **47%** of rounds](https://millionrounds.com/lists/investors-in-japan)

[France *132* *460* **56%** of rounds](https://millionrounds.com/lists/investors-in-france)

[Germany *134* *563* **71%** of rounds](https://millionrounds.com/lists/investors-in-germany)

[Australia *161* *390* **57%** of rounds](https://millionrounds.com/lists/investors-in-australia)

[Switzerland *422* **66%** of rounds](https://millionrounds.com/lists/investors-in-switzerland)

[Spain *52* *255* **67%** of rounds](https://millionrounds.com/lists/investors-in-spain)

[Brazil *124* *328* **62%** of rounds](https://millionrounds.com/lists/investors-in-brazil)

Right column: the share of that market's rounds with at least one investor from abroad.

Crossing borders now

## The latest cheques from abroad

- 26 Oct [The Export-Import Bank of Korea](https://millionrounds.com/fund/the-export-import-bank-of-korea) → [Amogy](https://millionrounds.com/company/amogy) **$20M**
- 25 Oct [Lyfe Capital](https://millionrounds.com/fund/lyfe-capital) → [Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics) **$120M**
- 24 Oct [• Ark Invest](https://millionrounds.com/fund/ark-invest) → [Warhound](https://millionrounds.com/company/warhound) **$200M**
- 24 Oct [Portal Ventures](https://millionrounds.com/fund/portal-ventures) → [Necta Group](https://millionrounds.com/company/necta-group) **$5M**
- 24 Oct [E2vc](https://millionrounds.com/fund/e2vc) → [Raiden Space](https://millionrounds.com/company/raiden-space) **Undisclosed**
- 23 Oct [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) → [Deriva Energy](https://millionrounds.com/company/deriva-energy) **$540M**
- 23 Oct [Future Ventures](https://millionrounds.com/fund/future-ventures-4) → [Xona](https://millionrounds.com/company/xona) **$250M**
- 23 Oct [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) → [Zai Lab](https://millionrounds.com/company/zai-lab) **$250M**
- 23 Oct [PremjiInvest](https://millionrounds.com/fund/premji-invest) → [Warp Sciences](https://millionrounds.com/company/warp-sciences) **$215M**
- 23 Oct [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) → [Star Therapeutics](https://millionrounds.com/company/star-therapeutics) **$200M**
- 23 Oct [Vision Blue Resources](https://millionrounds.com/fund/vision-blue-resources) → [Cornish Metals](https://millionrounds.com/company/cornish-metals) **$180M**
- 23 Oct [FMO](https://millionrounds.com/fund/fmo) → [AXIAN Group](https://millionrounds.com/company/axian-group) **$62M**
- 23 Oct [Notion Capital](https://millionrounds.com/fund/notion-capital) → [Enact Intelligence](https://millionrounds.com/company/enact-intelligence) **$30M**
- 23 Oct [Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) → [WasabiCard](https://millionrounds.com/company/wasabicard) **$10M**

## The markets, in order

Based there is everyone on record; seen investing there is everyone we watched put money into a company in that country, wherever they sit. Each country opens its list.

- # Country Based there Seen investing there Based and seen acting
- 1 [United States](https://millionrounds.com/lists/investors-in-united-states) **73,561** 19,861 9,405
- 2 [United Kingdom](https://millionrounds.com/lists/investors-in-united-kingdom) **8,105** 4,596 1,242
- 3 [Canada](https://millionrounds.com/lists/investors-in-canada) **3,870** 2,676 608
- 4 [Germany](https://millionrounds.com/lists/investors-in-germany) **3,440** 2,278 600
- 5 [France](https://millionrounds.com/lists/investors-in-france) **2,267** 1,826 512
- 6 [India](https://millionrounds.com/lists/investors-in-india) **3,853** 1,710 505
- 7 [China](https://millionrounds.com/lists/investors-in-china) **3,020** 1,504 485
- 8 [Australia](https://millionrounds.com/lists/investors-in-australia) **2,576** 1,424 379
- 9 [Singapore](https://millionrounds.com/lists/investors-in-singapore) **1,903** 1,272 327
- 10 [Switzerland](https://millionrounds.com/lists/investors-in-switzerland) **1,833** 1,176 249
- 11 [Netherlands](https://millionrounds.com/lists/investors-in-netherlands) **1,871** 1,124 295
- 12 [Spain](https://millionrounds.com/lists/investors-in-spain) **1,691** 1,042 211
- 13 [Brazil](https://millionrounds.com/lists/investors-in-brazil) **2,013** 944 227
- 14 [Sweden](https://millionrounds.com/lists/investors-in-sweden) **1,214** 943 168
- 15 [Japan](https://millionrounds.com/lists/investors-in-japan) **1,382** 859 385
- 16 [Finland](https://millionrounds.com/lists/investors-in-finland) **434** 625 91
- 17 [Ireland](https://millionrounds.com/lists/investors-in-ireland) **390** 614 70
- 18 [Italy](https://millionrounds.com/lists/investors-in-italy) **1,134** 571 162
- 19 [Denmark](https://millionrounds.com/lists/investors-in-denmark) **594** 565 95
- 20 [Belgium](https://millionrounds.com/lists/investors-in-belgium) **622** 546 152
- 21 [Mexico](https://millionrounds.com/lists/investors-in-mexico) **731** 524 83
- 22 [Hong Kong SAR China](https://millionrounds.com/lists/investors-in-hong-kong-sar-china) **1,107** 503 199
- 23 [South Korea](https://millionrounds.com/lists/investors-in-south-korea) **858** 390 189
- 24 [Estonia](https://millionrounds.com/lists/investors-in-estonia) **172** 371 35

The other 129 countries are thinner still. [How we know what we know](https://millionrounds.com/methodology).

## Pick a market, then everything else.

A map answers one question. In the app, put a market together with stage, sector, cheque size and whether anyone has seen them invest lately.

Open the investor search[Or browse the lists](https://millionrounds.com/lists)
