The Most Active VC Firms in Each State

The importance of finding funding as a startup cannot be understated. While a driven team, quality product, and connected founder can get your company off the ground, capital is the only way to go from small startup to big business. Fortunately, there is no shortage of venture capital firms looking to invest huge sums into high-potential companies around the country. But where can they be found?

CB Insights was tired of the debates and arguments about the answer to this question. They decided to compile a comprehensive list of the most active VC firms in each state based on the number of tech companies they have funded in that state between 2011 and 2016.


As far as the results are concerned, the top venture capital firms are taking their pick when it comes to the largest markets. For instance, General Catalyst was the most active investor in Massachusetts tech startups. With Boston becoming one of the most prolific startup ecosystems in the country, this move is bringing in big bucks for everyone involved. Only one venture capital firm, New Mexico-based Flywheel Ventures, was the most active in two separate states (New Mexico and Montana), while Alaska and North Dakota were woefully left off the list.

Check out each states most active venture capital firm below to get a clearer picture of the funding situation in your home state.

ArizonaTallwave Capital
ArkansasFlatiron Investors
CaliforniaSV Angel
ColoradoFoundry Group
ConnecticutConnecticut Innovations
FloridaInsight Venture Partners
GeorgiaBIP Capital
IdahoSummit Partners
IllinoisPritzker Group Venture Capital
IndianaAllos Ventures
IowaNext Level Ventures
KansasOpenAir Equity Partners
KentuckyChrysalis Ventures
LouisianaBrick & Mortar Ventures
MaineCEI Ventures
MarylandNew Enterprise Associates
MassachusettsGeneral Catalyst Partners
MichiganDetroit Venture Partners
MinnesotaArthur Ventures
MississippiSterling VC
MissouriCultivation Capital
MontanaFlywheel Ventures
NebraskaInvest Nebraska
NevadaVTF Capital
New HampshireBorealis Ventures
New JerseyEdison Partners
New MexicoFlywheel Ventures
New YorkLerer Hippeau Ventures
North CarolinaIDEA Fund Partners
North DakotaN/A
OhioRev1 Ventures
OklahomaSyncom Venture Partners
OregonVoyager Capital
PennsylvaniaInnovation Works
Rhode IslandSlater Technology Fund
South CarolinaCapital A Partners
South DakotaBessemer Venture Partners
TennesseeSolidus Company
TexasAustin Ventures
UtahKickstart Seed Fund
VermontFreshTracks Capital
VirginiaCIT GAP Funds
WashingtonMadrona Venture Group
West VirginiaSelect Venture Partners
WisconsinHealthX Ventures
WyomingPond Ventures
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Written by:
Conor is the Lead Writer for For the last six years, he’s covered everything from tech news and product reviews to digital marketing trends and business tech innovations. He's written guest posts for the likes of Forbes, Chase, WeWork, and many others, covering tech trends, business resources, and everything in between. He's also participated in events for SXSW, Tech in Motion, and General Assembly, to name a few. He also cannot pronounce the word "colloquially" correctly. You can email Conor at
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