Miami ranks No. 22 in the world and No. 10 in the U.S. in the 2025 Global Startup Ecosystem Report (GSER), recently released by Startup Genome and the Global Entrepreneurship Network. The report analyzes 350+ ecosystems and 5 million startups.
While Miami dropped from No. 16 in 2024’s global ranking, the decline was driven by fewer large exits – only 12 above $50 million and no billion-dollar exits – according to Startup Genome. The city’s ecosystem value fell to $44 billion.
However, Miami improved in funding access and market reach, with strong ties to Latin America, Israel, and Europe. Late-stage investment rose to $732 million, despite fewer total rounds. Early-stage activity, particularly seed deals, was down sharply.
The report highlights Miami’s role as a gateway for Latin American startups and a hub for cross-border business, supported by growing soft landing programs (Mana Tech, Global Ventures, CIC). The city maintains eight active unicorns and strong international market connections.
Challenges remain in Talent & Experience and Knowledge, with lower scores for developer talent and patent output. Miami scored low (2/10) on AI readiness, an area where Startup Genome advises urgent action.
Globally, Silicon Valley, NYC, London, Tel Aviv, and Boston topped the ranking. In Latin America, São Paulo ranked No. 37. Other Florida metros also made the Emerging Ecosystems list: Orlando ranked in the 31-40 range and Tampa in the 51-60 range.
