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ExitStack · Investor Atlas
51 companies · 259 investment firms

Diaspora
Concentration

We tracked 51 startups across nine countries, founded abroad by Bangladeshi-born or Bangladeshi-origin entrepreneurs. More than half are based in New York and the San Francisco Bay Area, and ten companies account for 73.0% of the total capital raised.

Robin Khuda left Dhaka at eighteen and built AirTrunk in Sydney. Ashik Ahmed arrived in Melbourne at seventeen and co-founded Deputy. Nabeel Alamgir was born in Bangladesh, reached Queens at fourteen, and founded Lunchbox in New York. They are part of a much larger story.

Together, these companies have raised US$2.4Bn in reported funding. This atlas maps that ecosystem: the companies, their founders, the sectors they are building in, and the investors backing them.

Two metros hold half the set

The map shows where the 51 companies are headquartered and how far their founders have travelled from Bangladesh. The companies span 17 metropolitan areas across four continents, but they are far from evenly distributed. New York and the San Francisco Bay Area alone account for more than half of the companies in the dataset.

Sydney, Melbourne, Toronto, and London form other important hubs, alongside a smaller group of companies scattered across North America, Europe, Asia, and Australia. The geography reflects where diaspora founders have found access to customers, talent, and capital—and where their companies have grown.

Count says software. Capital says healthcare.

The 51 companies operate across a wide range of sectors, from software and fintech to healthcare, artificial intelligence, climate, and consumer technology. Software and enterprise technology is the largest category, with 21 companies, followed by healthcare with 12.

But the sector with the most companies isn’t necessarily the sector with the most money. Healthcare companies have collectively raised US$906.6Mn, compared with US$808.5Mn for software and enterprise companies. One reason is scale: a small number of healthcare companies have attracted exceptionally large rounds.

Sector composition count and capital raised

Ten companies hold 73.0% of the capital in this set

Across the 51 companies, we identified 259 investment firms connected to their funding. Most appear only once. A smaller group has backed multiple companies, creating a network of investors that stretches across the diaspora ecosystem and the wider global venture market.

The funding is also heavily concentrated. Ten companies account for 73.0% of the total capital raised. The headline US$2.4Bn therefore tells two stories at once: the scale of what diaspora founders have built, and the small number of companies driving much of that capital.

The ten largest raises, by sector10 of 47 funded companies · tap, hover, or focus a cell

Follow the connections

Every view follows the same selection. Filter by sector, founder, investor, or place, then open a company to see its founders, funding, and the firms behind it.

reported funding

Six companies have converted to an exit. Most kept the price private.

Six companies in the dataset have recorded an acquisition, secondary transaction, or public listing. Their outcomes range from smaller acquisitions to AirTrunk, whose acquisition was valued at more than US$16.1Bn.

The exits are a reminder that these are not simply founders with Bangladeshi roots. They are building companies that have entered major global markets and, in some cases, reached significant scale.

Five have carried a published valuation of US$1Bn or moreat any point · grouped by status

Still private

  • NexHealth crossed US$1Bn in Apr 2022, at its Series C (company).
  • Stability AI crossed US$1Bn in Oct 2022, according to Bloomberg. The company has never itself stated a valuation.
  • Aven crossed US$1Bn in Jul 2024, at its Series D, and reached US$2.2Bn by Sep 2025 (company).
  • Fasset crossed US$1Bn in Aug 2026, at its Series C (company).

Exited

  • AirTrunk crossed US$1Bn only at its exit—an enterprise value of over US$16.1Bn, Sep 2024 (company). No private-round valuation was ever published.
Deputy is not on this list. Its unicorn claim was made in Australian dollars and converts to at least US$717Mn at the ECB rate on the date it was made, under the US$1Bn bar. ExitStack’s own post calling Deputy Australia’s first tech unicorn holds only in Australian dollars.

Reading the data

Data as of September 2026

Which companies are in the set

The company set is the 51 diaspora-founded records of the exitstack.co company database. SahajMobile is set aside; Sang Bio and Tabby were dropped. Membership is the company database’s own classification, made at company level.

Twenty-two of the 64 founder records have a published Bangladesh connection and 42 do not. The marker records what has been reported, not who is Bangladeshi.

What the funding figures count

Every figure counts three financing classes: equity, convertibles, and grants. Non-converting debt is excluded from every total. Six financings across four companies (AirTrunk, StrideUp, Fairbanc, and Asaak) total US$11.6Bn in non-converting debt, recorded but excluded. Valuations and acquisition prices are separate measures and are never added to funding.

The US$2.4Bn headline covers a different, smaller set than the US$2.3Bn+ figure at exitstack.co/about, which covers the full 160+-company ExitStack database. The two should not be compared or summed.

How investors are counted

259 investment firms is a floor, not a census: three companies carry no named investor of any kind, and a link between a firm and a company is printed only where a press release, news report, filing, or the firm’s own portfolio page shows it. A link records participation, not the size of a cheque. Individual investors are listed in each company’s profile and never enter the firm count.

Limits and sources

Twelve companies carry a VERIFY flag (sourced but contested, single-sourced, or absent), covering 26.9% of the capital on this page. Funding instrument is the weakest field in the dataset: absent a stated instrument, rounds are filed as equity by convention rather than confirmation.

Sources: the exitstack.co company collection and the ExitStack Investor Database, reconciled against verified funding research; every funding and founder figure carries a source URL in the underlying data files. Basemap: Natural Earth 1:110m via world-atlas, Equal Earth projection.

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Made by

Faiaze Ibne Kabir Business Analyst, ExitStack LinkedIn
ExitStack · Diaspora company & investor database, Sep 2026 exitstack.co