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Useful Stats: Venture Capital Investment Per Capita by Metro, 2015

February 18, 2016

Despite a small decrease in venture capital deals last year, the San Francisco-Oakland-Fremont metropolitan area remains the most active investment regions on a per capita basis, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) MoneyTree Report. San Francisco led all other MSAs in both total dollars and per capita activity, with its $21 billion in 2015 investment averaging about $4,500 per metro resident. NVCA notes that 133 metros were home to deals in 2015, an encouraging sign that opportunities are opening up in areas outside of the known hotspots.

San Francisco continues to be the U.S. VC metro by a large margin, but several other areas stand out from the pack. In San Jose- Sunnyvale-Santa Clara, the per capita average was around $3,200 per resident, and in third-ranked Boston, that figure was around $1,200. No other cities achieved per capita average over $1,000, though on a total dollars basis, New York and Los Angeles had similar levels of activity to San Jose and Boston.

Though the Santa Barbara-Santa Maria-Goleta, CA, metro ranks only 33rd in total dollars, it made the top five in per capital investment, along with Provo, UT. Boulder, CO, and Ann Arbor, MI, rank in the top five for number of VC-backed companies in 2015.

Charlottesville, VA, earned special note from NVCA for its rate of investment growth over the past few years. Since 2010, the metro has achieved a compound annual growth rate of 55 percent, and was home to nine deals in 2015. Despite being tied for 44rd in total dollars, Charlottesville is ninth in its ratio of VC-backed companies to population.

Among the top 50 metros for total VC dollars, Columbus, OH, and Tampa, FL, posted the largest increase in number of deals. Both metros increased their total deal flow by 80 percent or more between 2014 and 2015.

Read the analysis from NVCA…

SSTI has assembled several tables featuring the PwC/NVCA metro data for 2015. Those tables are available in Excel format at: http://ssti.org/sites/default/files/NVCA-Venture-Investment-by-MSA-2015.xlsx

useful stats, venture capital, capital, metros