Rank List: States in Profile

Venture Capital Invested Per Deal in 2024 adjusted to 2025

Rank	State	FIPS Code	Adj. Value
1	West Virginia	54000	$94,260,253
2	District of Columbia	11000	$31,668,745
3	California	06000	$24,382,035
4	South Dakota	46000	$21,472,893
5	Massachusetts	25000	$17,653,428
6	North Carolina	37000	$14,046,633
7	Colorado	08000	$13,933,863
8	New York	36000	$13,878,171
9	Arizona	04000	$11,476,552
10	Connecticut	09000	$10,707,953
11	Minnesota	27000	$10,173,503
12	Rhode Island	44000	$9,656,884
13	Illinois	17000	$9,578,516
14	Texas	48000	$8,591,505
15	Washington	53000	$8,533,273
16	New Mexico	35000	$8,065,365
17	Virginia	51000	$8,062,648
18	New Jersey	34000	$7,977,754
19	Arkansas	05000	$7,956,323
20	Idaho	16000	$7,640,845
21	Utah	49000	$7,563,295
22	Florida	12000	$7,300,097
23	Vermont	50000	$6,911,568
24	Georgia	13000	$6,828,986
25	Maryland	24000	$6,820,252
26	Indiana	18000	$6,647,218
27	Pennsylvania	42000	$6,584,540
28	Kansas	20000	$6,262,035
29	Tennessee	47000	$5,876,692
30	Ohio	39000	$5,745,088
31	New Hampshire	33000	$5,569,222
32	Hawaii	15000	$5,370,472
33	Montana	30000	$5,092,729
34	Missouri	29000	$4,918,117
35	Nevada	32000	$4,885,801
36	Oklahoma	40000	$4,490,707
37	Delaware	10000	$4,347,930
38	Oregon	41000	$4,281,588
39	Iowa	19000	$3,930,785
40	Wisconsin	55000	$3,807,908
41	Michigan	26000	$3,728,666
42	North Dakota	38000	$3,622,996
43	South Carolina	45000	$3,431,158
44	Wyoming	56000	$3,352,980
45	Maine	23000	$2,996,452
46	Louisiana	22000	$2,911,511
47	Alabama	01000	$1,984,096
48	Kentucky	21000	$1,738,470
49	Nebraska	31000	$1,456,986
50	Alaska	02000	$1,336,596
51	Mississippi	28000	$630,201

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

This page was generated on 10/9/2026 6:42:48 AM