Rank List: States in Profile

Venture Capital Invested Per Deal in 2016 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	Massachusetts	25000	$15,352,167
2	California	06000	$15,048,880
3	New York	36000	$10,300,161
4	Colorado	08000	$9,491,191
5	Arizona	04000	$9,296,198
6	Utah	49000	$8,811,684
7	New Hampshire	33000	$7,948,183
8	North Carolina	37000	$7,601,517
9	Pennsylvania	42000	$7,412,564
10	New Jersey	34000	$7,118,779
11	Florida	12000	$6,997,360
12	Minnesota	27000	$6,741,780
13	District of Columbia	11000	$6,664,119
14	Maryland	24000	$6,657,287
15	Texas	48000	$5,939,786
16	Tennessee	47000	$5,911,012
17	Illinois	17000	$5,805,724
18	Nebraska	31000	$5,760,703
19	Washington	53000	$5,758,705
20	Virginia	51000	$5,214,474
21	West Virginia	54000	$4,890,261
22	Kansas	20000	$4,463,376
23	Georgia	13000	$4,407,132
24	South Dakota	46000	$4,170,364
25	Hawaii	15000	$4,120,750
26	Nevada	32000	$4,067,114
27	Arkansas	05000	$4,024,907
28	Wyoming	56000	$3,897,874
29	Connecticut	09000	$3,827,205
30	Montana	30000	$3,826,668
31	Ohio	39000	$3,632,533
32	Kentucky	21000	$3,534,695
33	Oregon	41000	$3,372,343
34	Indiana	18000	$3,311,120
35	Vermont	50000	$3,245,408
36	Delaware	10000	$3,135,113
37	Missouri	29000	$3,121,431
38	Wisconsin	55000	$3,022,690
39	Michigan	26000	$2,690,799
40	Alabama	01000	$2,434,767
41	New Mexico	35000	$2,339,153
42	Louisiana	22000	$2,282,572
43	Iowa	19000	$2,114,721
44	South Carolina	45000	$1,971,487
45	Mississippi	28000	$1,814,230
46	Rhode Island	44000	$1,735,476
47	Idaho	16000	$1,613,203
48	North Dakota	38000	$1,268,572
49	Oklahoma	40000	$1,257,416
50	Alaska	02000	$891,956
51	Maine	23000	$809,546

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

This page was generated on 10/8/2026 10:29:03 AM