The United States Of Venture Capital: The Most Active VC In Each State


Venture capital funding in the US continues to break records. We map out the most active VC investor in every US state. Since our last analysis in April 2021, we’ve seen shake-ups across 14 states.

Despite the global pandemic, VC funding to US-based companies has thrived, hitting new highs in 2020 and then again in 2021 YTD. Annual US venture funding has hit $210B as of Q3’21 — almost 1.5x 2020 funding totals.

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country.

Using CB Insights data, we analyzed the most active venture capital firms investing in tech startups in every US state.

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