Rank List: States in Profile

Venture Capital Invested in 2017 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$55,080,239,164
2	New York	36000	$16,322,468,566
3	Massachusetts	25000	$12,532,070,961
4	Texas	48000	$5,617,715,556
5	Washington	53000	$4,148,582,026
6	Illinois	17000	$2,865,579,100
7	Florida	12000	$2,204,613,587
8	Georgia	13000	$2,014,739,875
9	Colorado	08000	$1,873,341,735
10	Pennsylvania	42000	$1,723,991,402
11	New Jersey	34000	$1,621,390,242
12	North Carolina	37000	$1,600,752,554
13	Utah	49000	$1,461,955,541
14	Virginia	51000	$1,442,165,440
15	Maryland	24000	$1,133,363,936
16	Arizona	04000	$1,125,164,748
17	Minnesota	27000	$1,016,006,559
18	Connecticut	09000	$1,008,759,197
19	District of Columbia	11000	$996,705,668
20	Tennessee	47000	$639,546,607
21	Oregon	41000	$601,584,529
22	Ohio	39000	$559,170,954
23	Missouri	29000	$501,426,300
24	Michigan	26000	$488,966,751
25	Nevada	32000	$485,822,262
26	Delaware	10000	$461,632,157
27	Kansas	20000	$447,810,288
28	Maine	23000	$315,079,218
29	Wyoming	56000	$300,776,857
30	Indiana	18000	$283,778,937
31	Wisconsin	55000	$239,644,201
32	Montana	30000	$235,926,450
33	New Hampshire	33000	$234,369,564
34	Kentucky	21000	$166,566,724
35	Idaho	16000	$163,008,253
36	Louisiana	22000	$143,879,635
37	Rhode Island	44000	$137,052,039
38	Alabama	01000	$133,067,579
39	South Carolina	45000	$116,934,620
40	Nebraska	31000	$109,773,684
41	New Mexico	35000	$102,259,358
42	Iowa	19000	$81,749,270
43	Oklahoma	40000	$52,887,565
44	Vermont	50000	$51,867,586
45	Arkansas	05000	$34,429,888
46	South Dakota	46000	$27,144,582
47	Hawaii	15000	$23,548,465
48	Mississippi	28000	$21,779,839
49	West Virginia	54000	$8,663,998
50	North Dakota	38000	$7,775,327
51	Alaska	02000	$3,893,691

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