Rank List: States in Profile

Venture Capital Invested in 2024 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	California	06000	$117,009,387,740
2	New York	36000	$29,199,671,904
3	Massachusetts	25000	$15,358,482,030
4	Texas	48000	$7,672,214,328
5	Colorado	08000	$5,406,338,920
6	Florida	12000	$5,015,166,861
7	North Carolina	37000	$3,947,103,798
8	Washington	53000	$3,694,907,238
9	Illinois	17000	$3,544,050,839
10	Delaware	10000	$2,913,113,334
11	District of Columbia	11000	$2,470,162,121
12	Pennsylvania	42000	$2,067,545,541
13	New Jersey	34000	$1,890,727,804
14	Virginia	51000	$1,862,471,650
15	Arizona	04000	$1,824,771,750
16	Georgia	13000	$1,570,666,831
17	Minnesota	27000	$1,495,504,930
18	Utah	49000	$1,391,646,213
19	Connecticut	09000	$1,338,494,133
20	Ohio	39000	$1,200,723,292
21	Indiana	18000	$1,163,263,152
22	Maryland	24000	$1,159,442,805
23	Tennessee	47000	$905,010,619
24	Michigan	26000	$779,291,284
25	Oregon	41000	$685,054,160
26	Nevada	32000	$498,351,697
27	West Virginia	54000	$471,301,265
28	Missouri	29000	$408,203,724
29	Wisconsin	55000	$376,982,886
30	Rhode Island	44000	$289,706,519
31	South Carolina	45000	$247,043,394
32	Kansas	20000	$244,219,375
33	Idaho	16000	$221,584,493
34	New Mexico	35000	$217,764,868
35	Vermont	50000	$207,347,035
36	Oklahoma	40000	$206,572,507
37	New Hampshire	33000	$206,061,196
38	Arkansas	05000	$175,039,103
39	South Dakota	46000	$171,783,148
40	Iowa	19000	$169,023,766
41	Wyoming	56000	$154,237,068
42	Montana	30000	$142,596,418
43	Kentucky	21000	$130,385,245
44	Louisiana	22000	$104,814,395
45	Alabama	01000	$103,172,986
46	Hawaii	15000	$91,298,026
47	Nebraska	31000	$90,333,108
48	Maine	23000	$77,907,748
49	North Dakota	38000	$50,721,949
50	Alaska	02000	$9,356,170
51	Mississippi	28000	$8,192,613

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

This page was generated on 10/9/2026 6:42:16 AM