Rank List: States in Profile

Venture Capital Invested Per Deal in 2015 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	Massachusetts	25000	$14,467,546
2	California	06000	$14,388,482
3	New Jersey	34000	$11,956,249
4	Nevada	32000	$11,719,793
5	North Carolina	37000	$10,425,748
6	New York	36000	$10,334,149
7	Rhode Island	44000	$9,796,824
8	New Hampshire	33000	$9,339,752
9	Georgia	13000	$8,072,532
10	District of Columbia	11000	$8,017,523
11	Nebraska	31000	$7,752,565
12	Maryland	24000	$7,519,517
13	Minnesota	27000	$7,242,519
14	Montana	30000	$7,157,713
15	Washington	53000	$7,074,733
16	Illinois	17000	$6,225,666
17	Alabama	01000	$6,202,957
18	Utah	49000	$6,097,485
19	Texas	48000	$6,065,263
20	Colorado	08000	$6,022,304
21	Maine	23000	$5,643,168
22	Virginia	51000	$5,636,672
23	Connecticut	09000	$5,483,052
24	Pennsylvania	42000	$5,144,660
25	Kansas	20000	$4,978,735
26	Michigan	26000	$4,858,061
27	Florida	12000	$4,792,900
28	Tennessee	47000	$4,773,005
29	Missouri	29000	$4,547,171
30	New Mexico	35000	$4,442,047
31	Delaware	10000	$4,378,351
32	Idaho	16000	$4,230,171
33	Mississippi	28000	$3,905,147
34	Kentucky	21000	$3,849,318
35	Oklahoma	40000	$3,844,854
36	North Dakota	38000	$3,729,183
37	Ohio	39000	$3,729,048
38	Oregon	41000	$3,654,708
39	Arizona	04000	$3,484,657
40	Wyoming	56000	$3,293,906
41	Indiana	18000	$2,988,286
42	Wisconsin	55000	$2,861,777
43	South Dakota	46000	$2,218,576
44	Louisiana	22000	$2,088,990
45	Iowa	19000	$1,605,278
46	South Carolina	45000	$1,594,449
47	Alaska	02000	$1,516,782
48	Vermont	50000	$1,358,312
49	Hawaii	15000	$1,251,077
50	West Virginia	54000	$950,818
51	Arkansas	05000	$679,156

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

This page was generated on 10/8/2026 9:10:42 PM