The map shows the top VCs in each of US state, determined by the number of tech companies they’ve funded there. The VCs on the map include Andreessen Horowitz, Foundry Group, and Bessemer Venture Partners.
Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment activity in the United States, VCs are spurring other hotbeds of innovation across the country.
With this 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 2012 to 2017 year-to-date (through 5/17/17).
We based our selection on investments into unique tech companies in each state (not counting multiple rounds to the same company). We excluded debt deals, and only considered venture capital, corporate venture capital, super angel, and growth equity firms. When there was a tie across multiple VCs in one state, we used recency of deals, overall deal activity, and investor quality to select the most active tech startup investor for that state.