Useful Stats: Regional VC trends, VC deals & dollars by state by quarter (Q1’16 to Q2’18)

In last week’s Digest, SSTI looked at several macro venture capital (VC) trends, this week’s Useful Stats article focuses on regional trends as well as provides downloadable VC stats by state by quarter from Q1 of 2016 to Q2 of 2018. The data includes median VC deal size, VC deals, and VC dollars invested.

While the five West Coast states (Alaska, California, Hawaii, Oregon, and Washington) continue to dominate the VC landscape with approximately $17 billion invested over 751 deals in Q2 of 2018, the New York City MSA has seen an increase in its share of VC deals (12.8 percent through Q2 of 2018) – up from 11.4 percent for 2017, according to the 2Q 2018 PitchBook-NVCA Venture Monitor. These findings highlight the long-standing trend that the U.S. VC market remains concentrated on the coasts with approximately 71 percent of deals and nearly 88 percent of VC dollars going to the West Coast states, the Mid-Atlantic states, and the New England states. The map below from the 2Q 2018 PitchBook-NVCA Venture Monitor provides a regional breakdown of both deals and dollars.

SSTI has prepared three tables based upon quarterly PitchBook VC data for each state from the past 10 quarters – Q1 of 2016 to Q2 of 2018. The tables found below include total deals by quarter, total dollars invested (in millions), and median deal size (in millions). Download the table in Excel format.

For the first half of 2018, California leads the U.S. in venture activity, with approximately $30.6 billion invested in 1,915 deals. Massachusetts and New York continue their multi-year competition for the second most active VC market with Massachusetts companies attracting approximately $6.4 billion over 407 deals and New York companies attracting slightly more than $6 billion over 659 deals. So far this year, three other states have attracted at least $1 billion in VC funding including Washington ($1.7 billion; 185 deals), Texas ($1.5 billion; 368 deals), and Florida ($1.3 billion; 152 deals).

Developed by SSTI based upon PitchBook data, the chart below provides the total VC dollars invested, VC deals made, and the median deal size for each state over the previous 10 quarters (Q1’16 to Q2’18).

Useful Stats 071918.xlsx