Rank List: States in Profile

Venture Capital Invested Per Deal in 2018 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	District of Columbia	11000	$227,356,531
2	Arizona	04000	$24,929,040
3	Massachusetts	25000	$20,410,149
4	California	06000	$18,869,511
5	North Carolina	37000	$16,523,788
6	South Dakota	46000	$16,406,327
7	Washington	53000	$15,816,036
8	Utah	49000	$13,983,473
9	New York	36000	$13,234,532
10	Montana	30000	$12,174,846
11	Maryland	24000	$10,674,917
12	Florida	12000	$10,501,759
13	Missouri	29000	$9,538,514
14	Texas	48000	$9,215,885
15	Pennsylvania	42000	$9,036,624
16	Kansas	20000	$8,716,914
17	Wisconsin	55000	$8,511,268
18	Minnesota	27000	$8,247,184
19	Illinois	17000	$8,166,489
20	Ohio	39000	$7,814,261
21	New Jersey	34000	$7,752,965
22	Idaho	16000	$7,492,676
23	Nebraska	31000	$7,433,448
24	Colorado	08000	$6,722,959
25	West Virginia	54000	$6,213,921
26	Connecticut	09000	$6,160,314
27	Georgia	13000	$5,947,313
28	Virginia	51000	$5,551,950
29	Oregon	41000	$5,453,602
30	Nevada	32000	$5,025,683
31	Tennessee	47000	$4,701,380
32	Oklahoma	40000	$4,504,324
33	New Hampshire	33000	$4,368,407
34	Kentucky	21000	$4,292,418
35	North Dakota	38000	$4,286,847
36	Iowa	19000	$4,032,843
37	New Mexico	35000	$3,896,718
38	Michigan	26000	$3,744,215
39	Indiana	18000	$3,682,969
40	Delaware	10000	$3,542,237
41	South Carolina	45000	$3,474,467
42	Wyoming	56000	$3,242,751
43	Rhode Island	44000	$3,000,796
44	Alabama	01000	$2,560,206
45	Arkansas	05000	$2,188,786
46	Vermont	50000	$2,181,666
47	Mississippi	28000	$2,087,793
48	Hawaii	15000	$1,908,364
49	Louisiana	22000	$1,684,619
50	Maine	23000	$1,622,458
51	Alaska	02000	$1,323,075

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

This page was generated on 9/1/2026 1:12:10 PM