Rank List: States in Profile

Venture Capital Invested in 2016 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$55,936,688,682
2	New York	36000	$13,287,207,843
3	Massachusetts	25000	$10,853,982,221
4	Texas	48000	$4,169,729,635
5	Colorado	08000	$3,027,689,997
6	Florida	12000	$2,812,938,526
7	Pennsylvania	42000	$2,134,818,307
8	Washington	53000	$2,119,203,262
9	Illinois	17000	$1,944,917,498
10	North Carolina	37000	$1,565,912,422
11	Utah	49000	$1,427,492,755
12	Arizona	04000	$1,320,060,102
13	New Jersey	34000	$1,238,667,610
14	Maryland	24000	$1,105,109,589
15	Virginia	51000	$1,074,181,571
16	Minnesota	27000	$856,206,077
17	Tennessee	47000	$827,541,618
18	Ohio	39000	$755,566,902
19	Georgia	13000	$727,176,788
20	District of Columbia	11000	$506,473,027
21	Oregon	41000	$505,851,484
22	Delaware	10000	$369,943,332
23	Connecticut	09000	$355,930,087
24	Indiana	18000	$311,245,239
25	Michigan	26000	$309,441,938
26	Missouri	29000	$287,171,612
27	Wisconsin	55000	$287,155,522
28	Nevada	32000	$284,698,006
29	New Hampshire	33000	$278,186,415
30	Nebraska	31000	$230,428,102
31	Kansas	20000	$191,925,171
32	Kentucky	21000	$166,130,675
33	Arkansas	05000	$124,772,121
34	Vermont	50000	$103,853,048
35	South Carolina	45000	$98,574,352
36	Montana	30000	$91,840,025
37	Louisiana	22000	$79,890,036
38	Alabama	01000	$77,912,543
39	Iowa	19000	$59,212,201
40	Rhode Island	44000	$55,535,246
41	Hawaii	15000	$53,569,745
42	Wyoming	56000	$50,672,368
43	South Dakota	46000	$45,874,005
44	Idaho	16000	$43,556,475
45	Oklahoma	40000	$42,752,152
46	New Mexico	35000	$35,087,289
47	West Virginia	54000	$29,341,566
48	Maine	23000	$18,619,555
49	Mississippi	28000	$18,142,300
50	North Dakota	38000	$8,880,002
51	Alaska	02000	$4,459,781

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

This page was generated on 10/8/2026 10:28:52 AM