Our map infographic shows the top VC in each US state, as determined by the number of tech companies they've funded there. Among the VCs on the map are NEA, Foundry Group, and Bessemer Venture Partners.

Startups based in California, New York, and Massachusetts account for most of the VC tech funding in the United States. However, hotbeds of innovation are being spurred by VCs across the country.

With that in mind, we used CB Insights data to analyze the most active venture capital firm by the number of investments into tech startups in each US state from 2011 to 2016 year-to-date (through 5/9/16).

We based our selection on investments in unique tech companies based in each state (not counting multiple rounds to the same company). We excluded debt deals, and only considered venture capital, corporate venture capital, and super angel firms. When there was a tie across multiple VCs in a state we used number and recency of deals to select the most active tech startup investor for that state.

There were various top VCs (aka smart money VCs) making their mark on the map. For example, General Catalyst was the most active investor into Massachusetts tech startups, Foundry Group was the most active investor in Colorado, New Enterprise Associates in Maryland, and Bessemer Venture Partners in South Dakota. There was just one investor that was the most active VC into more than one state: New Mexico-based Flywheel Ventures was most active investor in New Mexico and Montana.

See the infographic below. The full list of VCs listed is included at the end of this post.

*Austin Ventures is being wound down but is investing out of their last fund. Given that they are still active we included them on our list. The second-place most active investor into Texas companies was Silverton Partners.

To look up VC deals by state, co-investors, and more, sign up today for a free trial of our startup and venture capital database

Q4 VC Report: Deals Hit 5 Quarter Low
Unicorn birthrate across the country remains low and only 4 new unicorns were minted in the US last quarter. Download the CB Insights and PwC MoneyTree Report today.

Click on the image below to enlarge.

Active Venture Capitalists By State US Map

Most Active VC By Unique Tech Investments In Each US State 2011 – 2016 YTD (5/9/16)
State Investor
Alabama Accomplice
Alaska N/A
Arizona Tallwave Capital
Arkansas Flatiron Investors
California SV Angel
Colorado Foundry Group
Connecticut Connecticut Innovations
DC CIT GAP Funds
Delaware AltaIR.VC
Florida Insight Venture Partners
Georgia BIP Capital
Hawaii Mbloom
Idaho Summit Partners
Illinois Pritzker Group Venture Capital
Indiana Allos Ventures
Iowa Next Level Ventures
Kansas OpenAir Equity Partners
Kentucky Chrysalis Ventures
Louisiana Brick & Mortar Ventures
Maine CEI Ventures
Maryland New Enterprise Associates
Massachusetts General Catalyst Partners
Michigan Detroit Venture Partners
Minnesota Arthur Ventures
Mississippi Sterling VC
Missouri Cultivation Capital
Montana Flywheel Ventures
Nebraska Invest Nebraska
Nevada VTF Capital
New Hampshire Borealis Ventures
New Jersey Edison Partners
New Mexico Flywheel Ventures
New York Lerer Hippeau Ventures
North Carolina IDEA Fund Partners
North Dakota N/A
Ohio Rev1 Ventures
Oklahoma Syncom Venture Partners
Oregon Voyager Capital
Pennsylvania Innovation Works
Rhode Island Slater Technology Fund
South Carolina Capital A Partners
South Dakota Bessemer Venture Partners
Tennessee Solidus Company
Texas Austin Ventures
Utah Kickstart Seed Fund
Vermont FreshTracks Capital
Virginia CIT GAP Funds
Washington Madrona Venture Group
West Virginia Select Venture Partners
Wisconsin HealthX Ventures
Wyoming Pond Ventures

 

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  • http://leadpages.net/ BobTheTeacher Jenkins

    Arthur Ventures (MN) and Foundry Group (CO) have been awesome partners as investors in our company, Leadpages (Avenue 81, Inc.). Thanks for putting together a great map, and showing that the startup world isn’t limited to Silicon Valley.