In Europe, University College London takes the top spot.

A new report published by PitchBook Data and titled Top Universities for VC-backed Entrepreneurs has placed Stanford University and Harvard University at the top spots globally.

A total 378 undergrad entrepreneurs at Stanford, spread out over 309 companies, managed to attract a combined sum of nearly $3.52bn in venture capital between August 2009 and August 2014. Harvard’s 352 postgrad entrepreneurs, from 312 companies, secured almost $4.24bn in the same period.

Stanford’s most successful companies were One Kings Lane, Digital Sky Technologies, Flipboard, Okta and Snapchat, while Harvard’s were Arava Power, Linio, Oscar Health Insurance, and Dermira.

UC Berkeley and MIT took second and third place respectively for undergrad businesses, while Stanford and University of Pennsylvania snatched second and third place for postgrad businesses.

In Europe, University College London took first place for undergrad, with close to $1.07bn spread out between 71 entrepreneurs of 67 companies. Oxford and Manchester University took second and third. First place for postgrad businesses went to Insead, with almost $1.24bn from 99 entrepreneurs of 92 companies. Second and third place went to University College London and Navarra University’s Institute of Higher Business Studies.

Outside the US and Europe, the Indian Institute of Technology’s 205 undergrad businesses attracted $3.15bn, with Tel Aviv University and University of Waterloo in second and third place, respectively. Tel Aviv University won top place for postgrad businesses, as its 56 companies secured $833m. The Indian Institute of Management and Bar-Ilan University took second and third place.