Rank List: States in Profile

Venture Capital Deals Made in 2020

Rank	State	FIPS Code	Deals
1	California	06000	4,603
2	New York	36000	1,718
3	Massachusetts	25000	915
4	Texas	48000	866
5	Florida	12000	520
6	Colorado	08000	439
7	Washington	53000	417
8	Illinois	17000	367
9	Pennsylvania	42000	358
10	Delaware	10000	325
11	North Carolina	37000	255
12	Georgia	13000	242
13	New Jersey	34000	210
13	Utah	49000	210
15	Virginia	51000	205
16	Michigan	26000	196
17	Maryland	24000	191
18	Ohio	39000	184
19	Arizona	04000	157
20	Oregon	41000	156
21	Connecticut	09000	147
22	Tennessee	47000	141
23	Minnesota	27000	139
24	Indiana	18000	137
25	Missouri	29000	116
26	Wisconsin	55000	106
27	Nevada	32000	97
28	District of Columbia	11000	80
29	Kentucky	21000	67
30	South Carolina	45000	60
31	New Hampshire	33000	45
32	Iowa	19000	44
33	Alabama	01000	42
34	Idaho	16000	40
34	Kansas	20000	40
34	Oklahoma	40000	40
37	Maine	23000	36
38	Wyoming	56000	35
39	Montana	30000	34
40	New Mexico	35000	32
41	Arkansas	05000	31
42	Nebraska	31000	30
43	Rhode Island	44000	26
43	Vermont	50000	26
45	Louisiana	22000	21
46	Hawaii	15000	12
47	North Dakota	38000	10
48	Mississippi	28000	9
49	South Dakota	46000	6
50	Alaska	02000	4
51	West Virginia	54000	3

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

This page was generated on 10/8/2026 5:06:01 PM