Rank List: States in Profile

Venture Capital Invested in 2012 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$27,241,097,509
2	Massachusetts	25000	$6,322,650,309
3	New York	36000	$3,866,498,257
4	Texas	48000	$3,167,314,850
5	Washington	53000	$2,030,049,388
6	Colorado	08000	$1,547,253,682
7	New Jersey	34000	$1,222,448,347
8	Pennsylvania	42000	$1,142,009,125
9	Illinois	17000	$1,050,299,446
10	Florida	12000	$935,904,885
11	Georgia	13000	$906,192,326
12	Ohio	39000	$801,591,952
13	Minnesota	27000	$727,967,156
14	Utah	49000	$707,292,310
15	North Carolina	37000	$702,463,623
16	Virginia	51000	$694,703,192
17	Arizona	04000	$681,093,580
18	Maryland	24000	$597,475,842
19	Connecticut	09000	$553,258,928
20	Tennessee	47000	$445,303,128
21	Oregon	41000	$391,291,688
22	Michigan	26000	$341,154,716
23	New Hampshire	33000	$284,320,324
24	Indiana	18000	$279,359,764
25	Rhode Island	44000	$190,667,920
26	Wisconsin	55000	$182,677,111
27	Delaware	10000	$163,390,080
28	Missouri	29000	$141,486,865
29	District of Columbia	11000	$136,511,721
30	Alabama	01000	$103,579,110
31	Oklahoma	40000	$94,892,527
32	Kansas	20000	$73,753,198
33	Iowa	19000	$70,916,515
34	Kentucky	21000	$68,235,004
35	Nevada	32000	$61,413,512
36	South Carolina	45000	$59,813,987
37	New Mexico	35000	$54,493,988
38	Hawaii	15000	$46,021,259
39	Nebraska	31000	$45,458,529
40	Maine	23000	$42,919,051
41	Montana	30000	$30,319,535
42	West Virginia	54000	$26,477,060
43	Vermont	50000	$22,205,837
44	Louisiana	22000	$22,179,167
45	Arkansas	05000	$21,686,285
46	Idaho	16000	$20,731,237
47	Mississippi	28000	$18,037,702
48	North Dakota	38000	$17,814,044
49	Wyoming	56000	$12,688,404
50	Alaska	02000	$8,812,445
51	South Dakota	46000	$2,341,720

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

This page was generated on 10/9/2026 6:41:27 AM