Abstract
Success in startup financing is critical for the entrepreneurial journey of a firm. This study identified the key factors for successful startup financing. Using the machine learning method, we studied 18158 startups to identify the determinants of their start-up finance. We identified that having a minimum of two founders, a minimum of two years work experience of founders, and the location of the startup in a startup cluster are critical for successful funding. This is an important addition to our existing knowledge for successful startup finance. The finding will help policymakers, new startups, and academics with entrepreneurial financing.