Rank List: States in Profile

Venture Capital Invested in 2019 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$86,805,638,381
2	New York	36000	$30,349,832,994
3	Massachusetts	25000	$15,518,389,280
4	Texas	48000	$9,402,414,162
5	Washington	53000	$5,879,033,160
6	Pennsylvania	42000	$5,652,446,493
7	Colorado	08000	$3,889,009,040
8	Illinois	17000	$3,822,471,146
9	Florida	12000	$3,805,288,904
10	Georgia	13000	$3,463,166,139
11	North Carolina	37000	$2,582,649,650
12	New Jersey	34000	$2,089,472,360
13	Utah	49000	$2,008,506,533
14	Virginia	51000	$1,929,385,779
15	Minnesota	27000	$1,900,131,813
16	Arizona	04000	$1,877,233,471
17	Tennessee	47000	$1,700,592,522
18	District of Columbia	11000	$1,698,288,980
19	Oregon	41000	$1,407,792,442
20	Ohio	39000	$1,241,113,140
21	Maryland	24000	$1,215,914,186
22	Connecticut	09000	$1,180,026,638
23	Delaware	10000	$1,001,366,475
24	Michigan	26000	$966,776,648
25	Kentucky	21000	$587,517,092
26	Indiana	18000	$572,638,951
27	Missouri	29000	$527,329,677
28	Nevada	32000	$510,825,553
29	Kansas	20000	$417,309,756
30	New Mexico	35000	$347,023,833
31	Wisconsin	55000	$308,753,752
32	Hawaii	15000	$266,087,981
33	New Hampshire	33000	$235,558,023
34	South Carolina	45000	$199,711,672
35	Montana	30000	$157,323,573
36	Wyoming	56000	$147,034,975
37	Arkansas	05000	$141,683,032
38	Alabama	01000	$136,892,300
39	Idaho	16000	$124,238,171
40	Vermont	50000	$111,640,644
41	Louisiana	22000	$96,393,355
42	Nebraska	31000	$91,350,677
43	Maine	23000	$84,514,974
44	Oklahoma	40000	$74,846,780
45	West Virginia	54000	$51,126,646
46	Iowa	19000	$47,567,955
47	North Dakota	38000	$43,926,218
48	Rhode Island	44000	$42,597,804
49	Alaska	02000	$38,919,609
50	South Dakota	46000	$12,649,200
51	Mississippi	28000	$11,688,015

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

This page was generated on 10/8/2026 6:01:03 PM