Useful Stats: Venture Capital Investment Dollars, Deals by State, 2009-2014

January 22, 2015

U.S. venture capital investment hit $48.3 billion in 2014, its highest level since 2000, according to data from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers (PwC). Investments jumped 61 percent over the previous year in terms of dollars. Deals were up as well, but by a more modest 4 percent to 4,356 deals in 2014, indicating the growth of deal size and the presence of a number of “megadeals.” NVCA also noted that investments were dispersed throughout the country, with 160 U.S. metros receiving some venture capital.

A few trends drove the large bump in investment dollars last year. In 2009, the venture capital industry hit its lowest point since the 1990s following the Great Recession, according to NVCA/PwC. Since that year, the industry has grown, though investment activity seemed to reach equilibrium in 2011, hovering around $29 million in 4,000 deals through 2013. In 2014, the industry broke out of that equilibrium, with a sharp uptick in investment in the Software and Internet-specific industries. Both industries reached their highest point since the dot com boom in 2000.

Last year also saw the rise of megadeals, which NVCA/PwC defines as deals exceeding $100 million. More than 40 deals met that criterion last year. Two deals exceeded $1 billion, which is without precedent. Read the NVCA/PwC release…

SSTI will provide more detail on venture capital activity by industry and stage of company in future weeks.

 A second NVCA report examines 2014 investment activity by metro area. NVCA notes that a larger number of metro areas reported some venture activity than at any point in the last five years. Companies in 160 metros received some investment, including 12 that had not had any activity in the five years covered by NVCA. San Francisco, San Jose, Boston, New York and Los Angeles comprise the top five cities. Read the release…

SSTI has prepared a table showing venture capital data by dollars and deals in each state from 2009-2014. California continues to lead the rest of the country by a significant margin, representing 56 percent of all U.S. dollars. Thirteen other states more than doubled their investment level in 2014 over the previous year. Download the table in Excel format…

SSTI will examine state investment in more detail in the coming weeks, including per capita investment.

 

Venture Capital Dollars by State, 2009-2014

State 2009 2010 2011 2012 2013 2014
U.S. Total $20,500,872,900 $23,386,821,100 $29,462,811,000 $27,578,404,700 $29,964,019,900 $48,348,586,400
Alaska $0 $0 $0 $0 $0 $0
Alabama $43,177,000 $600,000 $3,515,000 $23,106,000 $4,237,000 $10,894,000
Arkansas $0 $5,000,100 $0 $5,000,000 $85,507,000 $19,874,100
Arizona $92,687,000 $78,430,100 $229,138,200 $243,438,100 $113,299,300 $257,026,000
California $10,279,493,200 $11,879,510,800 $14,723,780,900 $14,519,270,300 $15,139,603,100 $27,151,513,000
Colorado $625,138,200 $449,929,600 $615,706,300 $610,615,300 $464,501,000 $793,054,800
Connecticut $190,240,100 $218,156,600 $156,729,700 $151,447,200 $212,490,800 $521,384,800
District of Columbia $59,180,400 $107,454,900 $53,419,600 $60,106,200 $288,480,500 $242,247,100
Delaware $20,609,100 $32,176,000 $26,234,200 $9,221,900 $70,793,000 $16,873,800
Florida $341,627,100 $239,383,100 $346,284,400 $202,630,400 $425,496,400 $862,460,900
Georgia $313,618,900 $338,426,000 $383,448,100 $262,328,300 $384,475,400 $495,851,800
Hawaii $7,364,000 $9,499,900 $600,000 $645,000 $2,469,000 $1,296,000
Iowa $84,053,100 $51,500,000 $28,402,000 $6,332,000 $33,564,900 $21,980,000
Idaho $14,606,000 $7,750,000 $5,145,000 $15,150,000 $6,500,000 $1,873,000
Illinois $258,710,100 $658,593,000 $769,817,600 $622,932,100 $453,388,800 $1,069,269,700
Indiana $232,077,900 $79,969,300 $177,927,100 $84,161,300 $23,413,100 $47,306,900
Kansas $7,516,000 $41,714,000 $57,242,000 $47,601,700 $32,851,200 $51,441,100
Kentucky $17,600,000 $16,729,900 $12,546,000 $23,643,000 $15,374,700 $47,407,000
Louisiana $13,021,200 $17,951,000 $21,863,900 $628,200 $5,731,100 $47,471,000
Massachusetts $2,360,395,700 $2,421,402,100 $3,132,535,100 $3,345,403,800 $3,057,235,800 $4,678,599,700
Maryland $385,319,400 $446,716,300 $314,026,900 $405,769,700 $649,382,400 $363,462,400
Maine $11,350,000 $4,328,000 $38,629,000 $12,787,200 $27,535,900 $18,669,000
Michigan $178,454,800 $151,658,500 $84,752,900 $245,652,000 $111,062,400 $218,983,000
Minnesota $282,300,800 $138,911,500 $274,355,000 $259,907,000 $269,895,000 $368,434,800
Missouri $17,439,900 $96,977,500 $134,415,300 $21,461,000 $77,350,800 $170,101,800
Mississippi $1,250,000 $0 $1,000,000 $4,623,000 $700,000 $0
Montant $14,530,000 $1,910,000 $3,215,000 $5,575,100 $25,000 $0
North Carolina $254,907,400 $428,556,300 $304,634,900 $181,171,300 $259,611,900 $341,541,500
North Dakota $4,700,000 $3,161,000 $4,000,000 $2,400,000 $24,052,000 $7,500,100
Nebraska $0 $11,500,000 $0 $3,115,000 $11,044,900 $41,530,300
New Hampshire $47,579,400 $56,944,100 $56,258,100 $81,126,000 $106,438,900 $112,793,300
New Jersey $666,106,800 $455,229,700 $485,860,400 $417,347,600 $322,577,200 $320,431,700
New Mexico $5,477,000 $10,085,200 $64,919,100 $35,131,000 $26,807,100 $12,657,000
Nevada $15,400,000 $33,943,000 $9,500,000 $3,273,200 $15,114,200 $45,266,000
New York $1,063,645,000 $1,412,628,900 $2,429,055,100 $1,920,793,100 $2,809,005,800 $4,263,917,000
Ohio $122,443,900 $177,470,900 $432,536,700 $266,578,500 $254,144,500 $268,686,800
Oklahoma $4,506,000 $13,000,000 $27,115,000 $33,036,000 $8,213,900 $13,555,100
Oregon $67,377,100 $183,412,300 $236,810,800 $124,617,800 $138,490,100 $191,595,100
Pennsylvania $455,898,200 $524,168,500 $510,690,500 $524,181,100 $462,929,200 $774,665,400
Puerto Rico $0 $4,494,500 $0 $100,000 $0 $0
Rhode Island $30,036,000 $59,302,000 $42,151,000 $85,059,100 $81,662,800 $124,090,800
South Carolina $7,100,000 $26,715,000 $59,725,000 $39,499,900 $85,695,200 $47,731,000
South Dakota $800,000 $5,000,000 $4,146,000 $0 $11,900,000 $3,001,000
Tennessee $75,037,200 $67,776,500 $107,387,800 $97,708,800 $108,538,000 $144,221,000
Texas $784,702,400 $1,067,390,300 $1,580,151,700 $1,019,488,100 $1,344,756,000 $1,506,448,000
Utah $162,662,900 $139,000,800 $244,458,400 $318,397,200 $316,180,700 $800,996,600
Virginia $240,763,800 $409,316,300 $617,964,900 $272,430,200 $637,626,800 $475,986,300
Vermont $29,150,000 $33,069,000 $24,840,100 $4,415,000 $21,042,300 $39,356,000
Washington $581,418,200 $621,262,600 $550,915,200 $852,236,100 $927,748,400 $1,246,773,300
Wisconsin $25,876,700 $134,966,000 $72,861,100 $92,295,900 $33,876,400 $86,795,300
West Virginia $3,000,000 $3,750,000 $2,100,000 $14,568,000 $1,200,000 $1,572,100
Wyoming $0 $10,000,000 $0 $0 $0 $0

 

Venture Capital Deals by State, 2009-2014

State 2009 2010 2011 2012 2013 2014
U.S. Total 3,133 3,612 3,937 3,936 4,193 4,356
Alaska 0 0 0 0 0 0
Alabama 10 2 2 6 4 3
Arkansas 0 1 0 1 4 5
Arizona 18 16 22 20 25 31
California 1,284 1,450 1,594 1,638 1,687 1,804
Colorado 93 87 107 109 83 86
Connecticut 42 63 56 49 52 54
District of Columbia 9 16 11 26 35 32
Delaware 7 9 10 7 5 9
Florida 37 46 55 36 49 45
Georgia 46 69 60 55 41 60
Hawaii 3 3 3 3 3 4
Iowa 9 2 3 2 3 8
Idaho 4 4 3 4 2 2
Illinois 55 75 101 83 92 99
Indiana 15 17 14 17 13 20
Kansas 17 36 46 12 10 11
Kentucky 10 15 9 8 7 13
Louisiana 11 3 8 3 6 4
Massachusetts 342 372 395 427 379 396
Maryland 77 75 73 64 80 87
Maine 4 7 5 6 5 12
Michigan 37 31 36 52 74 50
Minnesota 37 29 47 31 36 38
Missouri 12 15 23 12 38 48
Mississippi 4 0 1 2 2 1
Montant 1 3 2 6 1 0
North Carolina 39 58 48 35 52 54
North Dakota 3 1 1 1 3 2
Nebraska 0 4 1 4 9 18
New Hampshire 13 10 13 8 20 10
New Jersey 77 71 64 55 45 36
New Mexico 13 8 10 15 17 12
Nevada 4 5 3 4 9 8
New York 203 296 345 356 427 434
Ohio 59 63 73 56 78 65
Oklahoma 4 2 4 6 8 8
Oregon 15 35 37 30 38 32
Pennsylvania 137 161 151 189 237 189
Puerto Rico 0 1 0 1 0 0
Rhode Island 15 11 14 15 13 15
South Carolina 5 9 4 5 14 5
South Dakota 3 1 2 1 1 1
Tennessee 17 30 37 49 64 84
Texas 126 163 167 171 161 187
Utah 34 27 49 44 35 43
Virginia 49 58 77 79 68 75
Vermont 7 7 8 5 9 13
Washington 108 118 125 111 130 113
Wisconsin 14 21 15 14 18 28
West Virginia 3 4 2 3 1 2
Wyoming 0 1 0 0 0 0

 

Source: National Venture Capital Association/PricewaterhouseCoopers

Prepared by SSTI

 

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