What’s The Most Well-Funded Technology Startup In Your State?

A new map released by CB Insights identifies the most well-funded venture capital-backed technology startup in each state based on disclosed equity funding.

The map includes companies in all 50 states, plus Washington, D.C. Four states – Mississippi, Alaska, North Dakota and South Dakota – did not meet CB Insights’ criteria, so the report includes the most well-funded private technology companies since 2015 in those four states.

Here are some key takeaways:

Most Well-Funded Startup

  • California-based Uber is the most well-funded startup on the map with $12.5 billion of funding to date

Top “Unicorns”

  • There are nine “unicorns” (companies valued at $1 billion or more) that are also the most well-funded startup in their respective state: Uber (CA), Datto (CT), Magic Leap (FL), GreenSky (GA), Avant (IL), DraftKings (MA), Infor (NY), Domo (UT), and Vox Media (Washington, D.C.).

Companies That Raised At Least $1 Billion in Equity Funding

  • There are seven companies on the list that have raised $1 billion or more in disclosed equity funding to date. These companies include, among others, OneWeb (VA), Infor (NY) and IO (AZ).

Companies That Raised At Least $1 Billion In Equity Funding In A Single Funding Round

  • Companies that have (at least once) raised $1 billion or more in one round of funding include, among others, Uber (CA), OneWeb (VA) and Infor (NY).

Companies That Raised More Than $100 Million in Equity Funding

  • There are 20 companies that have raised $100 million or more in disclosed equity funding to date.

Companies That Raised Less Than $50 Million In Equity Funding

  • There are 17 companies that have raised less than $50 million, including Zlien (LA) and Hobnob (Hawaii)

Here is the full list of companies and their accompanying states, including Washington, D.C.:

top tech startups venture capital
CB Insights

Every Unicorn In The U.S.

In December, CB Insights also released a map that includes every unicorn in the U.S.. The key takeaways from that map include:

  • The U.S. has 98 unicorns.
  • Collectively, U.S. unicorns are worth approximately $372 billion.
  • Collectively, these companies have raised over $67 billion.
  • As of December 2016, there are nine private U.S. companies valued over $10 billion.
  • As of December 2016, the three most valuable unicorns in the U.S. are Uber ($68 billion), Airbnb ($30 billion) and Palantir Technologies ($20 billion). These three companies are all located in California.
  • California has more unicorns than any other state, followed by New York and Massachusetts.
  • Ten other states have at least one company valued at $1 billion or higher.
  • The top five most well-funded U.S. unicorns are: Uber, Airbnb, Infor, Snap and Palantir. (Snap has since filed for an initial public offering). All these companies – except Infor – are based in California.
  • The newest unicorn in the U.S. is a travel tech company, JetSmarter, which became a unicorn in December 2016.
  • The oldest unicorn in the U.S. is a greentech company, Bloom Energy, which reached a valuation above $1 billion in 2009.
  • The three most active venture capital investors in U.S.-based unicorns, by total number of deals, are: Sequoia Capital, Andreessen Horowitz and Khosla Ventures.

This story was also published in Forbes.


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