Rank List: States in Profile

Venture Capital Invested Per Deal in 2025 adjusted to 2024

Rank	State	FIPS Code	Adj. Value
1	Connecticut	09000	$118,785,028
2	California	06000	$63,866,071
3	Alabama	01000	$51,667,251
4	Kansas	20000	$37,583,109
5	Texas	48000	$27,073,282
6	Missouri	29000	$25,832,025
7	Maryland	24000	$25,524,514
8	Washington	53000	$23,262,957
9	Massachusetts	25000	$20,126,753
10	Pennsylvania	42000	$18,214,483
11	Hawaii	15000	$16,358,938
12	District of Columbia	11000	$13,869,179
13	North Carolina	37000	$12,331,787
14	Oklahoma	40000	$11,510,031
15	Colorado	08000	$11,500,507
16	Florida	12000	$11,010,447
17	Virginia	51000	$10,964,008
18	Georgia	13000	$10,570,249
19	New Jersey	34000	$9,927,637
20	Tennessee	47000	$9,811,238
21	New Mexico	35000	$9,469,245
22	New York	36000	$8,982,674
23	Minnesota	27000	$8,189,858
24	Arkansas	05000	$7,836,617
25	Illinois	17000	$7,183,152
26	Arizona	04000	$7,168,958
27	Delaware	10000	$7,063,926
28	Oregon	41000	$6,569,922
29	Montana	30000	$6,203,988
30	Nevada	32000	$5,659,284
31	Utah	49000	$5,212,026
32	Ohio	39000	$4,888,329
33	New Hampshire	33000	$3,932,302
34	Michigan	26000	$3,829,908
35	Wyoming	56000	$3,635,320
36	Idaho	16000	$2,955,058
37	Indiana	18000	$2,492,480
38	Maine	23000	$2,309,003
39	Wisconsin	55000	$2,266,088
40	South Carolina	45000	$1,970,679
41	West Virginia	54000	$1,959,154
42	Nebraska	31000	$1,828,544
43	Iowa	19000	$1,410,591
44	Louisiana	22000	$1,342,021
45	North Dakota	38000	$1,175,493
46	Kentucky	21000	$897,946
47	Vermont	50000	$783,662
48	Rhode Island	44000	$195,915
49	Mississippi	28000	$97,958

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

This page was generated on 11/4/2025 9:35:47 PM