Select a State
Venture Capital Invested in 2025 adjusted to 2024
| Rank | State | FIPS Code | Adj. Value |
|---|
| 1 | California | 06000 | $60,730,906,751 |
| 2 | Texas | 48000 | $4,497,167,447 |
| 3 | New York | 36000 | $3,627,549,433 |
| 4 | Massachusetts | 25000 | $3,583,508,274 |
| 5 | Connecticut | 09000 | $3,071,968,265 |
| 6 | Washington | 53000 | $2,267,632,499 |
| 7 | Florida | 12000 | $1,204,701,079 |
| 8 | Pennsylvania | 42000 | $942,110,542 |
| 9 | Delaware | 10000 | $878,289,836 |
| 10 | Colorado | 08000 | $823,628,132 |
| 11 | Maryland | 24000 | $761,658,714 |
| 12 | North Carolina | 37000 | $662,371,234 |
| 13 | Virginia | 51000 | $588,904,345 |
| 14 | Illinois | 17000 | $564,447,861 |
| 15 | New Jersey | 34000 | $513,488,732 |
| 16 | Alabama | 01000 | $462,529,604 |
| 17 | Missouri | 29000 | $436,806,449 |
| 18 | Tennessee | 47000 | $370,842,147 |
| 19 | Georgia | 13000 | $336,447,171 |
| 20 | Arizona | 04000 | $270,970,050 |
| 21 | Minnesota | 27000 | $268,826,454 |
| 22 | Kansas | 20000 | $224,298,114 |
| 23 | Ohio | 39000 | $199,354,449 |
| 24 | Oregon | 41000 | $189,513,394 |
| 25 | District of Columbia | 11000 | $165,544,090 |
| 26 | Michigan | 26000 | $156,190,216 |
| 27 | Utah | 49000 | $150,344,044 |
| 28 | Nevada | 32000 | $123,841,400 |
| 29 | Hawaii | 15000 | $97,631,065 |
| 30 | Oklahoma | 40000 | $68,692,515 |
| 31 | Indiana | 18000 | $66,938,664 |
| 32 | New Mexico | 35000 | $56,512,991 |
| 33 | Montana | 30000 | $55,538,630 |
| 34 | Wisconsin | 55000 | $33,810,359 |
| 35 | South Carolina | 45000 | $33,323,178 |
| 36 | Wyoming | 56000 | $32,543,688 |
| 37 | New Hampshire | 33000 | $27,379,570 |
| 38 | Idaho | 16000 | $17,635,951 |
| 39 | Nebraska | 31000 | $16,369,280 |
| 40 | Maine | 23000 | $16,076,972 |
| 41 | Iowa | 19000 | $14,030,812 |
| 42 | Louisiana | 22000 | $13,348,758 |
| 43 | Kentucky | 21000 | $10,717,981 |
| 44 | Arkansas | 05000 | $7,794,895 |
| 45 | North Dakota | 38000 | $3,507,703 |
| 46 | Vermont | 50000 | $2,338,469 |
| 47 | West Virginia | 54000 | $1,948,724 |
| 48 | Rhode Island | 44000 | $389,745 |
| 49 | Mississippi | 28000 | $97,436 |
| 50 | Alaska | 02000 | $0 |
| 50 | South Dakota | 46000 | $0 |
Data Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report (tm) based on data from Thomson Financial
This page was generated on 2/24/2026 6:37:25 PM