Rank List: States in Profile

Venture Capital Invested Per Deal in 2017 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	Maine	23000	$17,504,401
2	Wyoming	56000	$16,709,825
3	Massachusetts	25000	$15,665,089
4	California	06000	$13,725,452
5	District of Columbia	11000	$12,008,502
6	New York	36000	$11,984,191
7	Georgia	13000	$10,548,376
8	Montana	30000	$10,257,672
9	Washington	53000	$9,996,583
10	Kansas	20000	$9,951,340
11	Illinois	17000	$9,303,828
12	Utah	49000	$8,599,738
13	Connecticut	09000	$8,135,155
14	New Jersey	34000	$8,066,618
15	Arizona	04000	$7,868,285
16	New Hampshire	33000	$7,560,309
17	Texas	48000	$7,411,234
18	Minnesota	27000	$7,154,976
19	Maryland	24000	$6,706,295
20	North Carolina	37000	$6,587,459
21	Virginia	51000	$6,270,285
22	Louisiana	22000	$6,255,636
23	Nevada	32000	$6,228,491
24	Pennsylvania	42000	$5,944,798
25	Missouri	29000	$5,634,003
26	Florida	12000	$5,175,149
27	Idaho	16000	$5,094,008
28	Colorado	08000	$4,929,847
29	Tennessee	47000	$4,808,621
30	Alabama	01000	$4,588,537
31	South Dakota	46000	$4,524,097
32	Rhode Island	44000	$4,421,034
33	Oregon	41000	$4,327,946
34	Michigan	26000	$4,251,885
35	Nebraska	31000	$3,920,489
36	Mississippi	28000	$3,629,973
37	Kentucky	21000	$3,331,334
38	Delaware	10000	$3,273,987
39	New Mexico	35000	$3,195,605
40	Ohio	39000	$2,990,219
41	Wisconsin	55000	$2,692,631
42	Indiana	18000	$2,627,583
43	South Carolina	45000	$2,487,971
44	Vermont	50000	$2,255,112
45	West Virginia	54000	$2,166,000
46	Iowa	19000	$2,096,135
47	Oklahoma	40000	$1,823,709
48	North Dakota	38000	$1,110,761
49	Hawaii	15000	$1,070,385
50	Arkansas	05000	$1,012,644
51	Alaska	02000	$486,711

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

This page was generated on 10/9/2026 6:09:15 AM