The original version of this post by CB Insights appeared here

The tech boom has diffused beyond the traditional hotbeds in California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Jet (New Jersey), LivingSocial (DC), and sports e-commerce company Fanatics (Florida). The less well-known include Minnesota-based Code42 Software, which has raised $137.5M in equity funding to date.

Using CB Insights data, we analyzed the most well-funded startups by state based on disclosed equity funding. We excluded debt funding and only considered companies that have raised at least $5M of equity funding to date. Companies that haven’t raised since 2011 were not considered.

With these criteria for selection, Hawaii and Alaska are excluded, but all of the continental 48 states and Washington DC are represented. The least well-funded startup is in Louisiana: the education technology startup Kickboard, with $6.8M in equity funding. The most well-funded startup pictured below is Uber in California, with $7.8B of equity funding to date.

Tech unicorns, private companies valued at $1B+, are well-represented among the 50 startups below as they have proliferated across the US. 9 of the companies represented below are unicorns.

For example, American Fork, Utah-based Domo Technologies and Atlanta, Georgia-based Kabbage, both unicorns, are the most well-funded startups in their respective states.

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

The United States Of Startups

The United States Of Startups

Most Well-Funded Companies By US State 2011 – 2016 YTD (January 19th 2016)
Company Headquartered
Uber California
Avant Illinois
Kabbage Georgia
Vice Media New York
Integra Telecom Oregon
LivingSocial DC
DraftKings Massachusetts
Jet.com New Jersey
GenBand Texas
IO Arizona
Fanatics Florida
Domo Technologies Utah
Privia Health Virginia
AvidXchange North Carolina
Datto Connecticut
Adknowledge Missouri
Tenable Network Security Maryland
C2FO Kansas
Hyland Software Ohio
SevOne Delaware
Avalara Washington
WellTok Colorado
DataGravity New Hampshire
Ello Vermont
Code42 Software Minnesota
ChaCha Indiana
Acumen Brands Arkansas
Duolingo Pennsylvania
Liquid Web Michigan
eDo Interactive Tennessee
Hudl Nebraska
PeopleMatter South Carolina
Kount Idaho
Involta Iowa
Teespring Rhode Island
OrderWithMe Nevada
Networked Insights Wisconsin
CashStar Maine
Bomgar Mississippi
DocuTAP South Dakota
Appriss Kentucky
Skorpios Technologies New Mexico
Momentum Alabama
Geostellar West Virginia
Intelligent InSites North Dakota
Submittable Montana
Weather Decision Technologies Oklahoma
Alces Technology Wyoming
Kickboard Louisiana

 

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The United States Of Startups: The Most Well-Funded Tech Startup In Every US State by CB Insights

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