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From Local to Global: Scaling Startups in Emerging Markets

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From Local to Global: Scaling Startups in Emerging Markets

In today’s rapidly shifting innovation landscape, a quiet revolution is taking place—far from Silicon Valley, in the cities and startup ecosystems of Southeast Asia, Africa, Latin America, and Central Asia. These regions, often defined by their complexity, are now producing some of the most dynamic and globally ambitious startups in the world.

Rather than imitating models from established markets, founders in emerging economies are creating novel solutions tailored to the needs of their local environments—solutions that often prove globally relevant. As digital infrastructure improves and access to capital expands, these startups are no longer just local success stories—they’re scaling across borders and reshaping the global innovation map.

Why Emerging Markets Are Ready to Scale

The case for emerging markets as startup growth engines has never been stronger. These regions are home to:

  • Large, youthful, mobile-first populations

  • Underserved industries ripe for disruption

  • Rapidly improving internet and fintech infrastructure

  • Governments and accelerators actively supporting innovation

From fintech platforms increasing access to credit, to healthtech apps bridging care gaps in remote areas, startups are addressing fundamental, high-impact problems. What makes them stand out is that the solutions they build are not only effective locally—they’re designed to scale across regions with similar pain points.

The Challenges Behind the Growth Story

Despite the momentum, startups in emerging markets face very real challenges:

  • Early-stage capital can still be limited or concentrated in capital cities

  • Hiring experienced talent, especially in deep tech and growth roles, is a hurdle

  • Regulatory environments may shift unpredictably

  • Access to global distribution and strategic networks isn’t always guaranteed

These realities require founders to be not just builders, but systems navigators. And it’s why ecosystem-level support—from investors, mentors, policy-makers, and platforms—is so essential.

What It Takes to Go Global From Day One

Startups that successfully scale out of emerging markets tend to have a few key characteristics:

  • Local insight with a global mindset

  • Technology that’s flexible enough to adapt to diverse markets

  • Team structures that embrace cross-border operations early

  • Access to regionally specialized capital and mentorship

Localization also plays a pivotal role. Expanding into new markets means adjusting product, pricing, language, support models, and compliance—all while maintaining product integrity and speed. Founders who embrace this complexity tend to build more resilient, scalable companies.

How Ecosystem Collaboration Makes the Difference

No startup scales alone. Today, we’re seeing more collaboration across accelerators, VC firms, corporates, and governments to support startups in underrepresented regions. Global programs are helping startups gain visibility, while locally grounded funds are ensuring capital aligns with context.

This convergence of localized insight and global capital is shaping a new innovation paradigm—one that’s more inclusive, distributed, and durable.

The Future Is Multi-Market by Design

As the definition of a “tech hub” evolves, so does the pathway to scale. In the next decade, some of the world’s most impactful companies won’t come from where we expect—but from where ambition meets necessity.

Startups in emerging markets are not playing catch-up. They’re building the future on their own terms—local first, global always.

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DOMiNO Ventures is a venture capital fund focusing on high-tech, pure-digital and first-day global startups with strong origins in Eastern Europe, Central Asia and the Caucasus. We are backing founders who are solving new problems of the modern world in AI, Deeptech, Cleantech and beyond, helping them realize their global ambitions to create DOMiNO Effect for Better Future.

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