Despite recent challenges, venture capital firms are still seeking out investment opportunities across the country. Since our last analysis of most active VCs in October 2020, we’ve seen shake-ups across 9 states. Our graphic maps out the most active VC investor in every US state.
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.
Despite the ongoing global pandemic, VC funding hit a new high last year: US-based VC-backed companies raised a record of nearly $130B in 2020, up 14% year-over-year.
Using CB Insights data, we analyzed the most active venture capital firms investing in tech startups in every US state.
Our analysis looks at the most active VC in each US state plus Washington DC, based on unique equity investments to tech startups located in that state. In cases of a tie, we used recency of deals, overall deal activity, and investor quality to select the most active tech startup investor for that state. Mississippi-based companies had no VC investors meeting our criteria.