Top 13 U.S. Cities for Raising Startup Capital

Get ready to not be surprised: We have a look from Funders Club at the top cities in America that founders can find startup capital in, and they’re about what you’d expect. The Bay area is the winner by a large margin, with New York and Boston coming in afterwards. But the mid-range cities are also worth noting: Perhaps there will be less competition but a healthy amount of VCs. Those interested should revisit their chances of getting a meeting with a capitalist in Seattle, Chicago, Austin, or Atlanta.

Of course, there are plenty of other variables for those trying to determine where to set up their startup basecamp: The startup’s industry and the team’s connections need to be weighed against where the company is in its lifespan.

And the Bay area might not be the best option: Plenty of that funding is merely going to the firmly established giants like Uber and Palantir. Given this data, Funders Club offers a more comprehensive chart. Here, the Bay area loses some of its lead, though it’s still ahead, and other cities have a chance to surprise. Pittsburgh, for instance, appears to have a lot of funds available for relatively few startups.

Here’s the full chart. Check out the rest of the article for a breakdown of the raw data, alongside an in-depth examination of the other factors founders looking for startup capital should consider.

bar-chart-1

Header Image: Wikimedia

Did you find this article helpful? Click on one of the following buttons
We're so happy you liked! Get more delivered to your inbox just like it.

We're sorry this article didn't help you today – we welcome feedback, so if there's any way you feel we could improve our content, please email us at contact@tech.co

Written by:
Adam is a writer at Tech.co and has worked as a tech writer, blogger and copy editor for more than a decade. He was a Forbes Contributor on the publishing industry, for which he was named a Digital Book World 2018 award finalist. His work has appeared in publications including Popular Mechanics and IDG Connect, and his art history book on 1970s sci-fi, 'Worlds Beyond Time,' is out from Abrams Books in July 2023. In the meantime, he's hunting down the latest news on VPNs, POS systems, and the future of tech.
Back to top