The Most Active VC Firms in Each State

Conor Cawley

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.

State Investor
Alabama Accomplice
Alaska N/A
Arizona Tallwave Capital
Arkansas Flatiron Investors
California SV Angel
Colorado Foundry Group
Connecticut Connecticut Innovations
Delaware AltaIR.VC
Florida Insight Venture Partners
Georgia BIP Capital
Hawaii Mbloom
Idaho Summit Partners
Illinois Pritzker Group Venture Capital
Indiana Allos Ventures
Iowa Next Level Ventures
Kansas OpenAir Equity Partners
Kentucky Chrysalis Ventures
Louisiana Brick & Mortar Ventures
Maine CEI Ventures
Maryland New Enterprise Associates
Massachusetts General Catalyst Partners
Michigan Detroit Venture Partners
Minnesota Arthur Ventures
Mississippi Sterling VC
Missouri Cultivation Capital
Montana Flywheel Ventures
Nebraska Invest Nebraska
Nevada VTF Capital
New Hampshire Borealis Ventures
New Jersey Edison Partners
New Mexico Flywheel Ventures
New York Lerer Hippeau Ventures
North Carolina IDEA Fund Partners
North Dakota N/A
Ohio Rev1 Ventures
Oklahoma Syncom Venture Partners
Oregon Voyager Capital
Pennsylvania Innovation Works
Rhode Island Slater Technology Fund
South Carolina Capital A Partners
South Dakota Bessemer Venture Partners
Tennessee Solidus Company
Texas Austin Ventures
Utah Kickstart Seed Fund
Vermont FreshTracks Capital
Virginia CIT GAP Funds
Washington Madrona Venture Group
West Virginia Select Venture Partners
Wisconsin HealthX Ventures
Wyoming Pond Ventures
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Conor is the Senior Writer for For the last five years, he’s written about everything from Kickstarter campaigns and budding startups to tech titans and innovative technologies. His extensive background in stand-up comedy made him the perfect person to host tech-centric events like Startup Night at SXSW and the Timmy Awards for Tech in Motion. You can email Conor at

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