Rank List: States in Profile

Venture Capital Invested in 2015 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$56,863,280,683
2	New York	36000	$14,447,140,679
3	Massachusetts	25000	$11,602,971,494
4	Texas	48000	$4,421,576,738
5	Washington	53000	$2,921,864,623
6	North Carolina	37000	$2,512,605,262
7	Colorado	08000	$2,396,877,092
8	New Jersey	34000	$2,092,343,575
9	Illinois	17000	$2,023,341,333
10	Florida	12000	$1,711,065,439
11	Georgia	13000	$1,687,159,150
12	Pennsylvania	42000	$1,610,278,699
13	Maryland	24000	$1,255,759,306
14	Virginia	51000	$1,189,337,857
15	Minnesota	27000	$1,086,377,818
16	Utah	49000	$1,054,864,984
17	Nevada	32000	$914,143,876
18	Michigan	26000	$787,005,886
19	Tennessee	47000	$754,134,740
20	Ohio	39000	$682,415,874
21	Connecticut	09000	$657,966,261
22	District of Columbia	11000	$625,366,776
23	Arizona	04000	$564,514,405
24	Missouri	29000	$486,547,305
25	Oregon	41000	$467,802,602
26	New Hampshire	33000	$466,987,614
27	Delaware	10000	$337,133,001
28	Nebraska	31000	$310,102,596
29	Indiana	18000	$292,852,035
30	Wisconsin	55000	$291,901,217
31	Kansas	20000	$258,894,239
32	Kentucky	21000	$227,109,741
33	Oklahoma	40000	$188,397,854
34	Montana	30000	$164,627,396
35	New Mexico	35000	$164,355,734
36	Rhode Island	44000	$156,749,188
37	Maine	23000	$124,149,703
38	Idaho	16000	$118,444,793
39	Alabama	01000	$111,653,234
40	South Carolina	45000	$103,639,194
41	Louisiana	22000	$60,580,709
42	Wyoming	56000	$52,702,500
43	Mississippi	28000	$46,861,759
44	North Dakota	38000	$41,021,018
45	Iowa	19000	$35,316,108
46	Vermont	50000	$27,166,237
47	Hawaii	15000	$23,770,457
48	Arkansas	05000	$23,091,301
49	South Dakota	46000	$13,311,456
50	Alaska	02000	$9,100,689
51	West Virginia	54000	$3,803,273

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

This page was generated on 10/8/2026 6:54:47 AM