Rank List: States in Profile

Venture Capital Invested Per Deal in 2012 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	Massachusetts	25000	$10,680,153
2	New Jersey	34000	$10,538,348
3	California	06000	$9,798,956
4	Arizona	04000	$8,012,866
5	New Hampshire	33000	$7,482,114
6	Texas	48000	$7,331,747
7	Utah	49000	$7,291,673
8	Washington	53000	$6,904,930
9	Rhode Island	44000	$6,355,597
10	Colorado	08000	$6,289,649
11	Connecticut	09000	$6,287,033
12	Minnesota	27000	$6,066,393
13	Georgia	13000	$5,846,402
14	North Carolina	37000	$5,403,566
15	West Virginia	54000	$5,295,412
16	Pennsylvania	42000	$5,214,654
17	Indiana	18000	$5,173,329
18	Virginia	51000	$4,997,865
19	Ohio	39000	$4,917,742
20	Illinois	17000	$4,885,114
21	Maryland	24000	$4,818,354
22	Iowa	19000	$4,727,768
23	Alabama	01000	$4,708,141
24	Florida	12000	$4,633,192
25	New York	36000	$4,630,537
26	Oregon	41000	$4,497,606
27	Delaware	10000	$4,415,948
28	Oklahoma	40000	$3,795,701
29	Michigan	26000	$3,748,953
30	Tennessee	47000	$3,710,859
31	New Mexico	35000	$3,632,933
32	North Dakota	38000	$3,562,809
33	Kansas	20000	$3,352,418
34	Nebraska	31000	$3,030,569
35	Mississippi	28000	$3,006,284
36	Hawaii	15000	$2,556,737
37	District of Columbia	11000	$2,527,995
38	Kentucky	21000	$2,352,931
39	Alaska	02000	$2,203,111
40	Montana	30000	$2,165,681
41	Wyoming	56000	$2,114,734
42	South Carolina	45000	$2,062,551
43	Wisconsin	55000	$2,052,552
44	Missouri	29000	$1,965,095
45	Maine	23000	$1,788,294
46	Vermont	50000	$1,708,141
47	Nevada	32000	$1,428,221
48	Idaho	16000	$1,382,082
49	Arkansas	05000	$1,355,393
50	Louisiana	22000	$1,008,144
51	South Dakota	46000	$780,573

Data Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report (tm) based on data from Thomson Financial

This page was generated on 10/9/2026 9:57:51 AM