Map
Private Venture Money by State
Money U.S. private companies raised in venture-like equity offerings, by company state, trailing four quarters, $ millions
Latest reading for each area, to Q3 2026 · Bins hold about equal counts
Plays the chart through its history, period by period.
Palanor calculation from SEC Form D filings (public domain): equity sold by U.S. private operating companies, with funds, deal vehicles, banks, real estate, oil and gas and public companies left out. The state is the company’s principal place of business, not its state of incorporation.
Where startups raise money, state by state, over the latest year of filings.
Ranked, 51 areas
| # | |||
|---|---|---|---|
| 1 | California | $54.8B | Q3 2026 |
| 2 | New York | $12.6B | Q3 2026 |
| 3 | Texas | $11.4B | Q3 2026 |
| 4 | Colorado | $6.36B | Q3 2026 |
| 5 | Massachusetts | $5.86B | Q3 2026 |
| 6 | Delaware | $2.78B | Q3 2026 |
| 7 | Florida | $2.76B | Q3 2026 |
| 8 | Washington | $2.32B | Q3 2026 |
| 9 | Georgia | $1.84B | Q3 2026 |
| 10 | Virginia | $1.17B | Q3 2026 |
| 11 | Pennsylvania | $1.12B | Q3 2026 |
| 12 | North Carolina | $1.01B | Q3 2026 |
| 13 | Connecticut | $957M | Q3 2026 |
| 14 | Nevada | $954M | Q3 2026 |
| 15 | Ohio | $897M | Q3 2026 |
What this chart reads·51 series
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- Private Venture Money Raised in Alabama, Trailing Four Quarters (SEC Form D)as “Alabama”latest 2026-07-01
- Private Venture Money Raised in Alaska, Trailing Four Quarters (SEC Form D)as “Alaska”latest 2026-07-01
- Private Venture Money Raised in Arizona, Trailing Four Quarters (SEC Form D)as “Arizona”latest 2026-07-01
- Private Venture Money Raised in Arkansas, Trailing Four Quarters (SEC Form D)as “Arkansas”latest 2026-07-01
- Private Venture Money Raised in California, Trailing Four Quarters (SEC Form D)as “California”latest 2026-07-01
- Private Venture Money Raised in Colorado, Trailing Four Quarters (SEC Form D)as “Colorado”latest 2026-07-01
- Private Venture Money Raised in Connecticut, Trailing Four Quarters (SEC Form D)as “Connecticut”latest 2026-07-01
- Private Venture Money Raised in Delaware, Trailing Four Quarters (SEC Form D)as “Delaware”latest 2026-07-01
- Private Venture Money Raised in District of Columbia, Trailing Four Quarters (SEC Form D)as “District of Columbia”latest 2026-07-01
- Private Venture Money Raised in Florida, Trailing Four Quarters (SEC Form D)as “Florida”latest 2026-07-01
- Private Venture Money Raised in Georgia, Trailing Four Quarters (SEC Form D)as “Georgia”latest 2026-07-01
- Private Venture Money Raised in Hawaii, Trailing Four Quarters (SEC Form D)as “Hawaii”latest 2026-07-01
- Private Venture Money Raised in Idaho, Trailing Four Quarters (SEC Form D)as “Idaho”latest 2026-07-01
- Private Venture Money Raised in Illinois, Trailing Four Quarters (SEC Form D)as “Illinois”latest 2026-07-01
- Private Venture Money Raised in Indiana, Trailing Four Quarters (SEC Form D)as “Indiana”latest 2026-07-01
- Private Venture Money Raised in Iowa, Trailing Four Quarters (SEC Form D)as “Iowa”latest 2026-07-01
- Private Venture Money Raised in Kansas, Trailing Four Quarters (SEC Form D)as “Kansas”latest 2026-07-01
- Private Venture Money Raised in Kentucky, Trailing Four Quarters (SEC Form D)as “Kentucky”latest 2026-07-01
- Private Venture Money Raised in Louisiana, Trailing Four Quarters (SEC Form D)as “Louisiana”latest 2026-07-01
- Private Venture Money Raised in Maine, Trailing Four Quarters (SEC Form D)as “Maine”latest 2026-07-01
- Private Venture Money Raised in Maryland, Trailing Four Quarters (SEC Form D)as “Maryland”latest 2026-07-01
- Private Venture Money Raised in Massachusetts, Trailing Four Quarters (SEC Form D)as “Massachusetts”latest 2026-07-01
- Private Venture Money Raised in Michigan, Trailing Four Quarters (SEC Form D)as “Michigan”latest 2026-07-01
- Private Venture Money Raised in Minnesota, Trailing Four Quarters (SEC Form D)as “Minnesota”latest 2026-07-01
- Private Venture Money Raised in Mississippi, Trailing Four Quarters (SEC Form D)as “Mississippi”latest 2026-07-01
- Private Venture Money Raised in Missouri, Trailing Four Quarters (SEC Form D)as “Missouri”latest 2026-07-01
- Private Venture Money Raised in Montana, Trailing Four Quarters (SEC Form D)as “Montana”latest 2026-07-01
- Private Venture Money Raised in Nebraska, Trailing Four Quarters (SEC Form D)as “Nebraska”latest 2026-07-01
- Private Venture Money Raised in Nevada, Trailing Four Quarters (SEC Form D)as “Nevada”latest 2026-07-01
- Private Venture Money Raised in New Hampshire, Trailing Four Quarters (SEC Form D)as “New Hampshire”latest 2026-07-01
- Private Venture Money Raised in New Jersey, Trailing Four Quarters (SEC Form D)as “New Jersey”latest 2026-07-01
- Private Venture Money Raised in New Mexico, Trailing Four Quarters (SEC Form D)as “New Mexico”latest 2026-07-01
- Private Venture Money Raised in New York, Trailing Four Quarters (SEC Form D)as “New York”latest 2026-07-01
- Private Venture Money Raised in North Carolina, Trailing Four Quarters (SEC Form D)as “North Carolina”latest 2026-07-01
- Private Venture Money Raised in North Dakota, Trailing Four Quarters (SEC Form D)as “North Dakota”latest 2026-07-01
- Private Venture Money Raised in Ohio, Trailing Four Quarters (SEC Form D)as “Ohio”latest 2026-07-01
- Private Venture Money Raised in Oklahoma, Trailing Four Quarters (SEC Form D)as “Oklahoma”latest 2026-07-01
- Private Venture Money Raised in Oregon, Trailing Four Quarters (SEC Form D)as “Oregon”latest 2026-07-01
- Private Venture Money Raised in Pennsylvania, Trailing Four Quarters (SEC Form D)as “Pennsylvania”latest 2026-07-01
- Private Venture Money Raised in Rhode Island, Trailing Four Quarters (SEC Form D)as “Rhode Island”latest 2026-07-01
- Private Venture Money Raised in South Carolina, Trailing Four Quarters (SEC Form D)as “South Carolina”latest 2026-07-01
- Private Venture Money Raised in South Dakota, Trailing Four Quarters (SEC Form D)as “South Dakota”latest 2026-07-01
- Private Venture Money Raised in Tennessee, Trailing Four Quarters (SEC Form D)as “Tennessee”latest 2026-07-01
- Private Venture Money Raised in Texas, Trailing Four Quarters (SEC Form D)as “Texas”latest 2026-07-01
- Private Venture Money Raised in Utah, Trailing Four Quarters (SEC Form D)as “Utah”latest 2026-07-01
- Private Venture Money Raised in Vermont, Trailing Four Quarters (SEC Form D)as “Vermont”latest 2026-07-01
- Private Venture Money Raised in Virginia, Trailing Four Quarters (SEC Form D)as “Virginia”latest 2026-07-01
- Private Venture Money Raised in Washington, Trailing Four Quarters (SEC Form D)as “Washington”latest 2026-07-01
- Private Venture Money Raised in West Virginia, Trailing Four Quarters (SEC Form D)as “West Virginia”latest 2026-07-01
- Private Venture Money Raised in Wisconsin, Trailing Four Quarters (SEC Form D)as “Wisconsin”latest 2026-07-01
- Private Venture Money Raised in Wyoming, Trailing Four Quarters (SEC Form D)as “Wyoming”latest 2026-07-01
Sources·51 sources
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Private Venture Money Raised in Alabama, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Alaska, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Arizona, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Arkansas, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in California, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Colorado, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Connecticut, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Delaware, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in District of Columbia, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Florida, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Georgia, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Hawaii, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Idaho, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Illinois, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Indiana, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Iowa, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Kansas, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Kentucky, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Louisiana, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Maine, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Maryland, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Massachusetts, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Michigan, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Minnesota, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Mississippi, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Missouri, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Montana, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Nebraska, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Nevada, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in New Hampshire, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in New Jersey, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in New Mexico, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in New York, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in North Carolina, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in North Dakota, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Ohio, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Oklahoma, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Oregon, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Pennsylvania, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Rhode Island, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in South Carolina, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in South Dakota, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Tennessee, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Texas, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Utah, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Vermont, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Virginia, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Washington, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in West Virginia, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Wisconsin, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Private Venture Money Raised in Wyoming, Trailing Four Quarters (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.