Our map infographic above shows the top tech startups in every US state, as determined by funding totals. They include Avant, DraftKings, and Vox. The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Magic Leap (Florida), Draft Kings (Massachusetts), and the satellite company OneWeb (Virginia), among others. The less well-known include Idaho-based 4G LTE network solutions company CradlePoint, which has raised $106M in equity funding to date.
Using CB Insights database, we identified the most-well funded VC-backed technology startups by state based on disclosed equity funding. We excluded funding from debt as well as lines of credit and only considered companies that have raised at least $1M of equity funding to date. Companies that haven’t raised a round of equity financing since 2015 are excluded.
With these criteria for selection, companies in 46 US states make the cut as well as Washington, D.C. Four states did not have any companies that met all our criteria for inclusion in the map: Mississippi, Alaska, and North and South Dakota. Companies featured in those four states are the most well-funded private tech companies in these states since 2015. They do not have disclosed VC backing. Puerto Rico is excluded from this mapping.
The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Magic Leap (Florida), Draft Kings (Massachusetts), and the satellite company OneWeb (Virginia), among others. The less well-known include Idaho-based 4G LTE network solutions company CradlePoint, which has raised $106M in equity funding to date.
Using CB Insights database, we identified the most-well funded VC-backed technology startups by state based on disclosed equity funding. We excluded funding from debt as well as lines of credit and only considered companies that have raised at least $1M of equity funding to date. Companies that haven’t raised a round of equity financing since 2015 are excluded.
With these criteria for selection, companies in 46 US states make the cut as well as Washington, D.C. Four states did not have any companies that met all our criteria for inclusion in the map: Mississippi, Alaska, and North and South Dakota. Companies featured in those four states are the most well-funded private tech companies in these states since 2015. They do not have disclosed VC backing. Puerto Rico is excluded from this mapping.
The most well-funded company featured in our map is Uber in California, with $12.5B of funding to date. Unicorn companies valued at $1B+ are well represented in our map. The nine unicorns that are also among the most well-funded startups in unique states are: Uber (CA), Datto (CT), Magic Leap (FL), GreenSky (GA), Avant (IL), Draft Kings (MA), Infor (NY), Domo (UT), and Vox Media (Washington, D.C.). For a rundown of US based unicorns, check out CB Insights’ The United States of Unicorns.