Rank List: States in Profile

Venture Capital Deals Made in 2023

Rank	State	FIPS Code	Deals
1	California	06000	4,484
2	New York	36000	2,022
3	Texas	48000	975
4	Massachusetts	25000	839
5	Florida	12000	732
6	Delaware	10000	641
7	Washington	53000	456
8	Colorado	08000	412
9	Illinois	17000	382
10	Pennsylvania	42000	347
11	North Carolina	37000	281
12	Virginia	51000	278
13	New Jersey	34000	267
14	Georgia	13000	235
15	Maryland	24000	222
16	Ohio	39000	206
17	Michigan	26000	199
18	Minnesota	27000	196
19	Utah	49000	183
20	Tennessee	47000	168
21	Oregon	41000	165
22	Indiana	18000	160
23	Connecticut	09000	158
24	Arizona	04000	144
25	Nevada	32000	108
26	District of Columbia	11000	103
27	Missouri	29000	97
28	Wisconsin	55000	95
29	Kentucky	21000	75
30	Nebraska	31000	67
31	Oklahoma	40000	60
32	Wyoming	56000	59
33	South Carolina	45000	54
34	Alabama	01000	52
34	Kansas	20000	52
36	Iowa	19000	49
36	New Hampshire	33000	49
38	Maine	23000	42
39	New Mexico	35000	41
40	Louisiana	22000	40
41	Montana	30000	34
41	Vermont	50000	34
43	Idaho	16000	31
44	Arkansas	05000	30
45	North Dakota	38000	27
46	Hawaii	15000	19
46	Rhode Island	44000	19
48	South Dakota	46000	12
49	Mississippi	28000	9
50	Alaska	02000	6
51	West Virginia	54000	3

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

This page was generated on 9/9/2026 9:54:34 AM