Rank List: States in Profile

Venture Capital Invested in 2014 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$49,396,796,337
2	New York	36000	$9,693,131,256
3	Massachusetts	25000	$7,301,976,650
4	Texas	48000	$4,144,096,816
5	Washington	53000	$3,187,662,172
6	Colorado	08000	$3,001,216,573
7	Florida	12000	$2,590,111,507
8	Illinois	17000	$2,484,989,372
9	Pennsylvania	42000	$2,122,841,575
10	Utah	49000	$1,565,000,694
11	New Jersey	34000	$1,396,506,094
12	North Carolina	37000	$1,379,915,020
13	Georgia	13000	$1,249,906,272
14	Connecticut	09000	$1,132,544,820
15	Tennessee	47000	$1,004,847,943
16	Virginia	51000	$1,001,584,125
17	Minnesota	27000	$869,943,469
18	Maryland	24000	$867,359,613
19	Ohio	39000	$837,033,305
20	Arizona	04000	$763,053,432
21	Indiana	18000	$605,982,195
21	Oregon	41000	$605,982,195
23	Michigan	26000	$519,763,004
24	District of Columbia	11000	$381,050,743
24	Missouri	29000	$381,050,743
26	Nevada	32000	$333,317,405
27	New Hampshire	33000	$231,595,080
28	Kentucky	21000	$184,949,682
29	Wisconsin	55000	$175,294,221
30	Kansas	20000	$138,984,247
31	Delaware	10000	$135,584,436
32	Alaska	02000	$126,336,952
33	Rhode Island	44000	$120,489,278
34	Vermont	50000	$102,674,272
35	Montana	30000	$95,602,667
36	Nebraska	31000	$93,154,803
37	Mississippi	28000	$88,531,061
38	South Carolina	45000	$74,931,820
39	Alabama	01000	$59,836,662
39	Iowa	19000	$59,836,662
41	Maine	23000	$43,109,595
42	Oklahoma	40000	$42,157,648
43	New Mexico	35000	$42,021,656
44	Arkansas	05000	$41,205,701
45	Wyoming	56000	$40,797,724
46	Idaho	16000	$31,958,217
47	South Dakota	46000	$27,742,452
48	Louisiana	22000	$19,854,892
49	Hawaii	15000	$13,599,241
50	West Virginia	54000	$7,343,590
51	North Dakota	38000	$4,759,734

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

This page was generated on 10/9/2026 9:02:12 AM