The United States Of Venture Capital: The Most Active VC In Each State

Our map shows the top VC investing in tech companies in each state, from Andreessen Horowitz in California to Lerer Hippeau in New York. 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. Using CB Insights data, we analyzed the most active venture capital firm investing in tech startups in every US state. Our analysis excludes debt deals and only considers venture capital, corporate venture capital, super angel, and growth equity firms. In the case 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.