Rank List: States in Profile

Venture Capital Invested Per Deal in 2019 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	District of Columbia	11000	$20,710,841
2	California	06000	$19,069,780
3	Pennsylvania	42000	$18,411,878
4	Massachusetts	25000	$17,735,302
5	New York	36000	$17,185,636
6	Georgia	13000	$14,992,061
7	Washington	53000	$13,064,518
8	Minnesota	27000	$12,500,867
9	Arizona	04000	$12,432,010
10	Kentucky	21000	$11,990,145
11	Tennessee	47000	$11,728,224
12	Kansas	20000	$10,981,836
13	North Carolina	37000	$10,943,431
14	Texas	48000	$10,895,034
15	Hawaii	15000	$10,643,519
16	Illinois	17000	$10,588,563
17	Connecticut	09000	$10,261,101
18	West Virginia	54000	$10,225,329
19	New Mexico	35000	$9,914,967
20	New Jersey	34000	$9,245,453
21	Wyoming	56000	$9,189,686
22	Utah	49000	$9,129,575
23	Oregon	41000	$9,024,311
24	Colorado	08000	$8,170,187
25	Virginia	51000	$8,072,744
26	Florida	12000	$7,911,204
27	Maryland	24000	$6,332,886
28	North Dakota	38000	$6,275,174
29	Ohio	39000	$6,174,692
30	Michigan	26000	$5,720,572
31	New Hampshire	33000	$5,353,591
32	Nevada	32000	$5,266,243
33	Missouri	29000	$5,221,086
34	Arkansas	05000	$4,570,420
35	Montana	30000	$4,494,959
36	Delaware	10000	$4,155,048
37	Indiana	18000	$4,061,269
38	Idaho	16000	$3,882,443
39	Wisconsin	55000	$3,632,397
40	Vermont	50000	$3,601,311
41	Alabama	01000	$3,111,189
42	Louisiana	22000	$3,012,292
43	Alaska	02000	$2,993,816
44	Nebraska	31000	$2,686,785
45	South Carolina	45000	$2,627,785
46	Rhode Island	44000	$2,505,753
47	Maine	23000	$2,485,735
48	Oklahoma	40000	$2,268,084
49	Iowa	19000	$1,902,718
50	South Dakota	46000	$1,054,100
51	Mississippi	28000	$834,858

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

This page was generated on 10/8/2026 5:05:20 PM