Investor & VC Density (By Jurisdiction)

Investor & VC Density — By Jurisdiction

Investor and VC firms per 100,000 residents -- venture funds, angel groups, and firms tagged by investment stage from pre-seed through growth. Excludes only firms confirmed acquired, merged, or defunct, same as Startups per Capita. The natural counterpart to that report: where the capital sits, not just where the companies do.

56 jurisdictions with population data · 1343 investors/VC firms counted

#	Jurisdiction	Investors	Population	Per 100,000 Residents
1	District of Columbia (DC)	35	681,294	5.14
2	Delaware (DE)	13	1,021,191	1.27
3	California (CA)	320	39,287,377	0.81
4	Connecticut (CT)	29	3,624,508	0.80
5	Massachusetts (MA)	51	7,044,056	0.72
6	Minnesota (MN)	40	5,739,445	0.70
7	New York (NY)	139	19,852,366	0.70
8	Missouri (MO)	38	6,191,814	0.61
9	New Hampshire (NH)	8	1,394,868	0.57
10	Louisiana (LA)	24	4,611,961	0.52
11	Maryland (MD)	29	6,206,011	0.47
12	Rhode Island (RI)	5	1,101,801	0.45
13	Washington (WA)	33	7,816,116	0.42
14	Ohio (OH)	49	11,810,293	0.41
15	Utah (UT)	14	3,392,331	0.41
16	Virginia (VA)	36	8,705,170	0.41
17	Wisconsin (WI)	24	5,914,872	0.41
18	Colorado (CO)	23	5,862,189	0.39
19	Illinois (IL)	48	12,694,798	0.38
20	Nevada (NV)	12	3,184,612	0.38
21	Georgia (GA)	40	10,940,407	0.37
22	Wyoming (WY)	2	582,397	0.34
23	Oregon (OR)	14	4,254,293	0.33
24	South Dakota (SD)	3	907,428	0.33
25	North Carolina (NC)	34	10,730,404	0.32
26	Idaho (ID)	6	1,934,262	0.31
27	Pennsylvania (PA)	39	13,018,639	0.30
28	Tennessee (TN)	20	7,066,383	0.28
29	Florida (FL)	61	22,416,077	0.27
30	Texas (TX)	80	30,188,424	0.27
31	North Dakota (ND)	2	784,841	0.25
32	Arkansas (AR)	7	3,049,391	0.23
33	Montana (MT)	2	1,116,875	0.18
34	Michigan (MI)	17	10,077,761	0.17
35	West Virginia (WV)	3	1,778,373	0.17
36	Arizona (AZ)	11	7,378,838	0.15
37	Kentucky (KY)	7	4,534,824	0.15
38	Vermont (VT)	1	647,106	0.15
39	Hawaii (HI)	2	1,445,235	0.14
40	Iowa (IA)	4	3,210,507	0.12
41	South Carolina (SC)	6	5,296,225	0.11
42	Oklahoma (OK)	3	4,028,634	0.07
43	Nebraska (NE)	1	1,978,707	0.05
44	New Mexico (NM)	1	2,120,246	0.05
45	New Jersey (NJ)	4	9,343,809	0.04
46	Indiana (IN)	2	6,851,073	0.03
47	Puerto Rico (PR)	1	3,234,309	0.03
48	Alabama (AL)	0	5,086,768	0.00
49	Alaska (AK)	0	735,706	0.00
50	Kansas (KS)	0	2,947,197	0.00
51	Maine (ME)	0	1,387,817	0.00
52	Mississippi (MS)	0	2,946,779	0.00
53	American Samoa (AS)	0	49,710	0.00
54	Guam (GU)	0	153,836	0.00
55	Northern Mariana Islands (MP)	0	47,329	0.00
56	U.S. Virgin Islands (VI)	0	87,146	0.00