Data Visualization of Investment and Valuation in Global Startup Companies
Abstract
This study aims to analyze and visualize trends in funding, valuation, and investor activities across global startups. Using a descriptive analysis with a quantitative approach, the research involves data acquisition, processing, visualization, and interpretation of data. Power BI is utilized as a data visualization tool, creating an interactive dashboard to facilitate exploration and identification of funding and investor activities. The study leverages a Kaggle dataset that includes 5,000 startups from ten different industries in different nations between 2000 and 2023. The study finds that HealthTech startups receive the highest total investment of $1.64 trillion. This investment came from 17,682 investors with a total of 685 startups or around 13.5% of the total existing startups. A correlation coefficient of 0.88 indicates a strong relationship between valuation and investment, suggesting that investors prefer high-valuation industries. In other words, industrial sectors with high valuations attract investors to invest. In addition, Australia is a major global investment destination with the largest startup growth and number of investors. This research shows the importance of utilizing data visualization to support understanding and strategic decision-making in the startup ecosystem at the global level.
Downloads
References
Autio, E., Nambisan, S., Thomas, L. D., & Wright, M. (2018). Digital affordances, spatial affordances, and the genesis of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12(1), 72-95. https://doi.org/10.1002/sej.1266
Audretsch, D. B., & Belitski, M. (2021). Towards an entrepreneurial ecosystem typology for regional economic development: The role of creative class and entrepreneurship. Regional Studies, 55(4), 735-756. https://doi.org/10.1080/00343404.2020.1854711
Apriyanthi, N. P. E., et al. (2022). Analisa Nilai Valuasi Perusahaan Startup: Studi Kasus XYZ Digital Informasi. Ekonomi & Bisnis, 21(1). 10.32722/eb.v21i1.4568
Adnyana, I. M. (2020). Manajemen Investasi dan Portofolio. Lembaga Penerbitan Universitas Nasional (LPU-UNAS)
Asnawi, S. K., & Wijaya, C. (2010). Pengantar valuasi. Jakarta: Salemba Empat.
Bertoni, F., Colombo, M. G., & Grilli, L. (2011). Venture capital financing and the growth of high-tech start-ups: Disentangling treatment from selection effects. Research policy, 40(7), 1028-1043. https://doi.org/10.1016/j.respol.2011.03.008
Blank, S., & Dorf, B. (2020). The startup owner's manual: The step-by-step guide for building a great company. John Wiley & Sons.
Bororing, J. E. (2022). Implementasi Dashboard Microsoft Power BI untuk Visualisasi Data Covid-19 Indonesia. Jurnal Informasi Interaktif, 7(1), 21. https://doi.org/10.31004/jptam.v8i1.13966
Block, J. H., Fisch, C. O., Hahn, A., & Sandner, P. G. (2015). Why do SMEs file trademarks? Insights from firms in innovative industries. Research Policy, 44(10), 1915-1930. https://doi.org/10.1016/j.respol.2015.06.007
Cumming, D., Meoli, M., & Vismara, S. (2021). Does equity crowdfunding democratize entrepreneurial finance?. Small business economics, 56(2), 533-552. https://doi.org/10.1007/s11187-019-00188-z
Budiman, R. (2021). Jurus-Jurus Valuasi Saham. Jakarta: PT Elex Media Komputindo.
Choi, E., Biswal, S., Malin, B., Duke, J., Stewart, W. F., & Sun, J. (2017). Generating multi-label discrete patient records using generative adversarial networks. In Machine learning for healthcare conference (pp. 286-305). PMLR. https://doi.org/10.48550/arXiv.1703.06490
Djaja, I. (2017). Manajemen Investasi dan Portofolio. Jakarta: Erlangga.
Dewi, A. S. (2023). Analisis Nilai Valuasi Startup Ramerame.co.id Menggunakan Scorecard Method. Jurnal Ilmiah Teknologi Informasi Asia, 18(1). https://doi.org/10.32815/jitika.v18i1.979
Few, S. (2008). Now You See It: Simple Visualization Techniques for Quantitative Analysis. Analytics Press.
Firmansyah, A., & Matoviany, M. A. (2021). Kepemilikan investasi obligasi perusahaan perbankan di Indonesia: dampak penerapan PSAK 71. Journal Of Financial And Tax, 1(1), 11–32. https://doi.org/10.52421/fintax.v1i1.126
Google, Temasek, & Bain & Company. (2024). e-Conomy SEA 2024: Reaching new heights in Southeast Asia’s digital economy. Retrieved from https://economysea.withgoogle.com/report/
Han, J., Kamber, M., & Pei, J. (2012). Data mining: Concepts and. Techniques, Waltham: Morgan Kaufmann Publishers.
Hornuf, L., Klus, M. F., Lohwasser, T. S., & Schwienbacher, A. (2021). How do banks interact with fintech startups?. Small Business Economics, 57, 1505-1526. https://doi.org/10.1007/s11187-020-00359-3
Irwan, D. (2017). All About Corporate Valuation. PT. Elex Media Komputindo, Kelompok Gramedia.
Isbahi, M. B., Zuana, M. M. M. ., & Mariana, E. R. . (2022). The Technology Strategy in Website Communication Media in Improving Business Activities. Majapahit Journal of Islamic Finance and Management, 1(2), 126–138. https://doi.org/10.31538/mjifm.v1i2.17
Isbahi, M. B., Zuana, M. M. M., & Toha, M. (2024). The Multi-Social Relation of the Cattle Industry in the Plaosan Subdistrict Animal Market of Magetan Regency. Malacca: Journal of Management and Business Development , 1(1), 31–46. https://doi.org/10.69965/malacca.v1i1.51
Kamboj, G. (2024). Role of Technology in Fostering Innovation and Growth in Startup Businesses. Sustainable Development Goals & Business Sustainability, 37.n http://dx.doi.org/10.58812/wsjee.v1i03.151
Kidder, D. S. (2012). The startup playbook: Secrets of the fastest-growing startups from their founding entrepreneurs. Chronicle Books.
Kirk, A. (2019). Data visualisation: A handbook for data driven design. SAGE Publications.
KPMG. (2025). Venture Pulse Q1 2025: Global analysis of venture funding. KPMG International. Retrieved from https://kpmg.com/xx/en/media/press-releases/2025/01/2024-global-vc-investment-rises-to-368-billion-dollars.html
Likhacheva, O. N., Pashtova, L. G., Setchenkova, L. A., & Slepneva, T. (2018). The role of startups in digitalization and innovative development of economy. International Journal of Engineering and Technology (UAE), 7(4), 314–319. http://dx.doi.org/10.14419/ijet.v7i4.38.24492
Lerner, J., & Nanda, R. (2020). Venture capital’s role in financing innovation: What we know and how much we still need to learn. Journal of Economic Perspectives, 34(3), 237-261. 10.1257/jep.34.3.237
Marikxon. (2018). Perkembangan Digital Marketing di Indonesia Memiliki Prospek di 2018. Maxmanroe.
Nazir, A., & Tbaishat, D. (2023). The impact of funding on market valuation in technology start-up firms: Implication for open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 9(2), 100028. https://doi.org/10.1016/j.joitmc.2023.100028
Nunes, F., Correa, C., Jandrey, A., Barcelos, A., Reyes, D., Bernardes, M., & Silveira, M. S. (2020). Data visualization on focus: exploring communicability of dashboards generated from BI tools. In Proceedings of the 19th Brazilian Symposium on Human Factors in Computing Systems (pp. 1–6). https://doi.org/10.1145/3424953.3426544
Putra, K. K. S., Rozaki, Z., Wulandari, R., & Sari, L. M. (2025, January). Peluang dan Tantangan Startup Sociopreneurship dalam Mengembangkan Solusi Teknologi Ramah Lingkungan di Era Digital. In Seminar Nasional Agribisnis (Vol. 2, No. 1, pp. 42–49).
Pantea, S., & Tkacik, M. (2024). Venture capital and high-tech start-ups in Europe: a systematic review of the empirical evidence. Venture Capital, 1-24. https://doi.org/10.1080/13691066.2024.2315069
Rahmawati, E. (2022). Implementasi Power BI Untuk Dashboard Analisis Hasil Rating dan Review Produk Elektronik di Lazada.com. SPIRIT, 14(1). http://dx.doi.org/10.53567/spirit.v14i1.237
Rahman, M. A., Alam, M. S., & Mrida, M. S. H. (2025). How interactive dashboards improve managerial decision-making in operations management. American Journal of Advanced Technology and Engineering Solutions, 1(01), 122–146. https://doi.org/10.63125/cqm5jk84
Ries, E. (2011). The lean startup: How today's entrepreneurs use continuous innovation to create radically successful businesses. Crown Currency.
Rong, Y. (2025). The Significance and Contributions of Startups Driving Economic Growth. Advances in Economics, Management and Political Sciences, 149, 5–11. https://doi.org/10.54254/2754-1169/2024
Said, B., Rachid, J., & Bouchra, L. (2022). A conceptual and semantic framework of the startup: A systematic review of the literature and a qualitative synthesis. Journal of Internet Banking and Commerce, 27(1), 1-3.
Sosulski, K. (2018). Data Visualization Made Simple: Insights into Becoming an Analytical Artist. SAGE Publications.
Stiawan, H., Muzzaki, M. N., Wardani, A. S., Firliana, R., Khalid, M. I., Gamas, A. W. M., & Busro, S. A. (2022). Model Visualisasi Informasi Dashboard Pada Pemetaan Tanaman Obat Dan Langka Kabupaten Kediri Menggunakan Microsoft Power BI. Jurnal Informatika Teknologi dan Sains (Jinteks), 4(4), 366–371. http://dx.doi.org/10.51401/jinteks.v4i4.2056
Toha, M., Zuana, M. M. M., & Isbahi, M. B. (2024). Acculturation of Mataraman Local Wisdom with Islamic Values: Implications for Social and Economic Development. Danadyaksa: Post Modern Economy Journal, 2(1), 33–47. https://doi.org/10.69965/danadyaksa.v2i1.143
Windari, N. P. R., et al. (2022). Analisis Valuasi Startup Panak.id Menggunakan Scorecard Method. Jurnal Ilmiah Teknologi Informasi Asia, 17(1). https://doi.org/10.32815/jitika.v17i1.891
Zamroni, M. A., Toha, M., Zuana, M. M. M., & Baiqun Isbahi, M. (2023). Exploring Zakat Distribution Via Blockchain in Indonesia Perspective of Maslahah Mursalah Wahbah Zuhaili. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 6(3), 3544-3555. https://doi.org/10.31538/iijse.v7i3.5821
Copyright (c) 2025 Akhmad Bakhrun, Joy Philip Nehemia Manjorang, Muhammad Danish Al Ghifary, Daffa Alya Radhwa Taryana

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.















