Rank List: States in Profile

Venture Capital Invested in 2023 adjusted to 2023

Rank	State	FIPS Code	Adj. Value
1	California	06000	$81,574,600,000
2	New York	36000	$21,646,500,000
3	Massachusetts	25000	$16,205,500,000
4	Texas	48000	$6,664,900,000
5	Colorado	08000	$4,244,800,000
6	Washington	53000	$3,731,800,000
7	Florida	12000	$2,956,900,000
8	Illinois	17000	$2,540,500,000
9	District of Columbia	11000	$2,228,700,000
10	Virginia	51000	$2,187,400,000
11	Pennsylvania	42000	$2,145,200,000
12	New Jersey	34000	$2,075,300,000
13	Maryland	24000	$1,837,200,000
14	North Carolina	37000	$1,644,900,000
15	Georgia	13000	$1,597,400,000
16	Tennessee	47000	$1,574,000,000
17	Delaware	10000	$1,337,400,000
18	Ohio	39000	$1,328,500,000
19	Nevada	32000	$1,265,300,000
20	Arizona	04000	$1,262,200,000
21	Minnesota	27000	$1,244,200,000
22	Missouri	29000	$1,194,700,000
23	Utah	49000	$1,147,400,000
24	Michigan	26000	$1,059,900,000
25	Connecticut	09000	$841,700,000
26	Indiana	18000	$730,700,000
27	Alabama	01000	$538,200,000
28	Oregon	41000	$460,400,000
29	Kansas	20000	$266,800,000
30	Wisconsin	55000	$261,400,000
31	New Mexico	35000	$212,400,000
32	Iowa	19000	$193,300,000
33	Vermont	50000	$192,300,000
34	New Hampshire	33000	$185,800,000
35	Oklahoma	40000	$183,900,000
36	Wyoming	56000	$179,700,000
37	Louisiana	22000	$174,800,000
38	Idaho	16000	$150,700,000
39	Maine	23000	$148,700,000
40	Nebraska	31000	$142,100,000
41	South Carolina	45000	$127,500,000
42	Arkansas	05000	$109,100,000
43	Kentucky	21000	$93,900,000
44	North Dakota	38000	$61,100,000
45	Montana	30000	$61,000,000
46	Rhode Island	44000	$46,000,000
47	Hawaii	15000	$35,900,000
48	Alaska	02000	$15,900,000
49	South Dakota	46000	$15,200,000
50	Mississippi	28000	$6,000,000
51	West Virginia	54000	$2,800,000

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

This page was generated on 5/1/2025 6:37:50 AM