Originally published by CB Insights.
Our map infographic shows the most well-funded tech startups in every US state, as determined by funding totals.
The tech boom has diffused beyond the traditional hotbeds in California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Jet (New Jersey), LivingSocial (DC), and sports e-commerce company Fanatics (Florida). The less well-known include Minnesota-based Code42 Software, which has raised $137.5M in equity funding to date.
Using CB Insights data, we analyzed the most well-funded startups by state based on disclosed equity funding. We excluded debt funding and only considered companies that have raised at least $5M of equity funding to date. Companies that haven’t raised since 2011 were not considered.
With these criteria for selection, Hawaii and Alaska are excluded, but all of the continental 48 states and Washington DC are represented. The least well-funded startup is in Louisiana: the education technology startup Kickboard, with $6.8M in equity funding. The most well-funded startup pictured below is Uber in California, with $7.8B of equity funding to date.