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.
See the infographic below. The full list of startups is included at the end of this post.
The United States Of Startups
|Most Well-Funded Companies By US State 2011 – 2016 YTD (January 19th 2016)|
|Vice Media||New York|
|Tenable Network Security||Maryland|
|Skorpios Technologies||New Mexico|
|Intelligent InSites||North Dakota|
|Weather Decision Technologies||Oklahoma|