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Useful Stats: Venture Capital Dollars and Deals by State, 2010-2015

February 04, 2016

Last year, the venture capital investment hit a 15-year high, with total dollars topping every year since 2000. A slow fourth quarter brought the remarkable trajectory of the year back down to earth, but with a total of $11.3 billion invested, 2015 became the second highest year on record since PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA) began the Moneytree Report in 1995. Much of this growth was due to larger deals, and, in fact, the total number of deals was down from the previous year. California continues to dominate the market, with California firms receiving 57 percent of all investment. Washington surpassed Texas to join the top five states in terms of venture dollars, and Boston surpassed San Jose to join the top three metropolitan regions.

Venture firms invested $58.8 billion in 4,380 deals last year, according to the PwC/NVCA Moneytree Report based on data from Thomson Reuters. Dollars were up about 15.7 percent over the previous year, while deals were slightly down (1.4 percent). While these figures represent only an incremental change from 2014, they are more impressive in light of the state of the venture market in the aftermath of the Great Recession. Just five years ago in 2010, investment levels stood at $23.4 billion in 3,612 deals. From 2010-2015, investment dollars grew by more than 150 percent, while deals increased by a more modest 21.3 percent.

The Moneytree Report credits some of this growth in venture dollars to the rise of megadeals, investments of $100 million or more. In 2015, there were 74 such deals, compared to just 50 in 2014. The total amount invested in these deals is not provided, but NVCA/PwC reports that the top 10 deals represented about 19 percent of all dollars invested in the second half of the year. These were not limited to a single sector, but spanned included deals in the software, retail, financial services, IT services, consumer products and media sectors. Despite the rise of megadeals, the authors note that about half of all deals still support seed and early stage companies.

Access the NVCA/PwC Moneytree data at: https://www.pwcmoneytree.com

California leads the U.S. in venture activity, with $33.7 billion in 1,773 deals last year. In the aftermath of the Great Recession, California-based deals represented about half of all U.S. venture activity. In 2014, the state’s share of activity jumped from about 51 percent to about 58 percent. That figure remained level in 2015.

Massachusetts, the long-time second key market for venture activity, was overtaken in terms of deals by New York in 2013. New York solidified its standing as the second most important venture capital state in 2015 with a large increase in total dollars. New York companies received $6.2 billion last year, a 41 percent increase over 2014. Activity declined in Texas, which remained in the top five, though it was overtaken by Pennsylvania in terms of deals and by Washington in terms of dollars.

SSTI has prepared a table of venture capital investment dollars and deal by state, 2010-2015, based on the PwC/NVCA Moneytree data. In future weeks, the Digest will provide an in-depth look at investment per capita, by gross state product and by share of national total, as well as an analysis of investment by metropolitan area.

Download the table in Excel format…

 

State 2010 2011 2012 2013 2014 2015
  Deals Amount Deals Amount Deals Amount Deals Amount Deals Amount Deals Amount
U.S. Total 3,612 $23,386,821,100 3,937 $29,462,811,000 3,936 $27,578,404,700 4,293 $30,285,933,100 4,441 $50,835,653,500 4,380 $58,811,188,300
Alaska 0 $0 0 $0 0 $0 0 $0 0 $0 0 $0
Alabama 2 $600,000 2 $3,515,000 6 $23,106,000 4 $4,237,000 3 $10,894,000 3 $39,100,000
Arkansas 1 $5,000,100 0 $0 1 $5,000,000 5 $85,522,000 5 $19,874,100 11 $10,375,000
Arizona 16 $78,430,100 22 $229,138,200 20 $243,438,100 24 $111,899,300 30 $251,926,000 28 $113,512,000
California 1,450 $11,879,510,800 1,594 $14,723,780,900 1,638 $14,519,270,300 1,732 $15,381,077,900 1,872 $29,351,890,000 1,773 $33,666,771,300
Colorado 87 $449,929,600 107 $615,706,300 109 $610,615,300 85 $472,501,100 93 $817,424,700 87 $782,622,600
Connecticut 63 $218,156,600 56 $156,729,700 49 $151,447,200 55 $214,040,800 56 $563,884,800 57 $446,667,100
District of Columbia 16 $107,454,900 11 $53,419,600 26 $60,106,200 34 $280,588,500 32 $242,247,100 23 $171,977,200
Delaware 9 $32,176,000 10 $26,234,200 7 $9,221,900 6 $71,293,000 11 $28,689,000 9 $98,155,000
Florida 46 $239,383,100 55 $346,284,400 36 $202,630,400 50 $458,496,400 44 $864,926,100 58 $460,769,200
Georgia 69 $338,426,000 60 $383,448,100 55 $262,328,300 43 $396,475,400 60 $491,603,800 71 $836,077,800
Hawaii 3 $9,499,900 3 $600,000 3 $645,000 1 $703,000 1 $350,000 0 $0
Iowa 2 $51,500,000 3 $28,402,000 2 $6,332,000 4 $34,607,900 8 $21,980,000 4 $12,276,000
Idaho 4 $7,750,000 3 $5,145,000 4 $15,150,000 2 $6,500,000 2 $1,873,000 3 $63,000,100
Illinois 75 $658,593,000 101 $769,817,600 83 $622,932,100 93 $457,827,700 98 $1,052,819,400 96 $1,119,035,600
Indiana 17 $79,969,300 14 $177,927,100 17 $84,161,300 13 $23,413,100 21 $49,806,900 17 $54,942,100
Kansas 36 $41,714,000 46 $57,242,000 12 $47,601,700 10 $32,851,200 11 $51,441,100 5 $56,199,800
Kentucky 15 $16,729,900 9 $12,546,000 8 $23,643,000 7 $15,374,700 14 $20,907,100 4 $22,582,000
Louisiana 3 $17,951,000 8 $21,863,900 3 $628,200 6 $5,731,100 4 $47,471,000 3 $10,100,000
Massachusetts 372 $2,421,402,100 395 $3,132,535,100 427 $3,345,403,800 380 $3,041,193,300 393 $4,655,699,500 426 $5,713,623,700
Maryland 75 $446,716,300 73 $314,026,900 64 $405,769,700 80 $657,124,400 88 $371,352,400 71 $820,012,600
Maine 7 $4,328,000 5 $38,629,000 6 $12,787,200 6 $29,685,900 12 $18,669,000 12 $88,168,000
Michigan 31 $151,658,500 36 $84,752,900 52 $245,652,000 74 $111,062,400 51 $223,933,000 54 $328,400,000
Minnesota 29 $138,911,500 47 $274,355,000 31 $259,907,000 35 $266,895,000 37 $359,828,800 30 $371,688,400
Missouri 15 $96,977,500 23 $134,415,300 12 $21,461,000 36 $59,752,900 48 $170,101,900 43 $257,182,300
Mississippi 0 $0 1 $1,000,000 2 $4,623,000 2 $700,000 1 $0 0 $0
Montana 3 $1,910,000 2 $3,215,000 6 $5,575,100 1 $25,000 0 $0 2 $1,500,000
North Carolina 58 $428,556,300 48 $304,634,900 35 $181,171,300 53 $261,711,900 56 $348,691,600 63 $675,500,300
North Dakota 1 $3,161,000 1 $4,000,000 1 $2,400,000 3 $24,052,000 2 $7,500,100 1 $50,000
Nebraska 4 $11,500,000 1 $0 4 $3,115,000 9 $11,044,900 18 $41,530,300 13 $119,981,100
New Hampshire 10 $56,944,100 13 $56,258,100 8 $81,126,000 19 $93,439,000 10 $112,793,300 13 $125,708,600
New Jersey 71 $455,229,700 64 $485,860,400 55 $417,347,600 45 $339,296,300 34 $375,466,700 53 $966,108,200
New Mexico 8 $10,085,200 10 $64,919,100 15 $35,131,000 17 $49,994,200 13 $21,922,000 17 $73,774,900
Nevada 5 $33,943,000 3 $9,500,000 4 $3,273,200 9 $15,114,200 8 $45,266,000 6 $12,242,000
New York 296 $1,412,628,900 345 $2,429,055,100 356 $1,920,793,100 433 $2,837,914,300 443 $4,419,239,500 462 $6,230,598,100
Ohio 63 $177,470,900 73 $432,536,700 56 $266,578,500 78 $254,297,500 66 $300,571,800 71 $262,718,900
Oklahoma 2 $13,000,000 4 $27,115,000 6 $33,036,000 8 $8,213,900 8 $13,555,100 10 $29,758,000
Oregon 35 $183,412,300 37 $236,810,800 30 $124,617,800 39 $143,520,100 31 $188,902,100 44 $226,470,100
Pennsylvania 161 $524,168,500 151 $510,690,500 189 $524,181,100 237 $464,929,200 189 $787,371,200 201 $638,164,200
Puerto Rico 1 $4,494,500 0 $0 1 $100,000 0 $0 0 $0 0 $0
Rhode Island 11 $59,302,000 14 $42,151,000 15 $85,059,100 13 $81,662,800 15 $124,090,800 11 $16,262,900
South Carolina 9 $26,715,000 4 $59,725,000 5 $39,499,900 15 $85,710,200 5 $47,731,000 7 $53,693,100
South Dakota 1 $5,000,000 2 $4,146,000 1 $0 1 $11,900,000 1 $3,001,000 2 $7,052,000
Tennessee 30 $67,776,500 37 $107,387,800 49 $97,708,800 108 $169,871,300 88 $152,707,100 75 $193,817,900
Texas 163 $1,067,390,300 167 $1,580,151,700 171 $1,019,488,100 161 $1,324,747,000 187 $1,426,811,200 163 $1,170,788,400
Utah 27 $139,000,800 49 $244,458,400 44 $318,397,200 34 $299,072,500 42 $794,733,500 55 $719,517,800
Virginia 58 $409,316,300 77 $617,964,900 79 $272,430,200 67 $636,826,800 75 $476,899,900 74 $422,578,300
Vermont 7 $33,069,000 8 $24,840,100 5 $4,415,000 9 $21,042,300 13 $39,356,000 9 $22,994,000
Washington 118 $621,262,600 125 $550,915,200 111 $852,236,100 129 $899,017,300 114 $1,344,453,200 116 $1,210,820,700
Wisconsin 21 $134,966,000 15 $72,861,100 14 $92,295,900 17 $31,776,400 26 $71,895,300 23 $87,851,000
West Virginia 4 $3,750,000 2 $2,100,000 3 $14,568,000 1 $1,200,000 2 $1,572,100 1 $0
Wyoming 1 $10,000,000 0 $0 0 $0 0 $0 0 $0 0 $0

 

useful stats, venture capital