Marketplace®
Every story is an economic story

Startup funding not limited to California, New York

This funding heat map shows there’s money to be made outside of your usual venture-heavy states.

A screenshot of Mattermark's startup funding heat map.
A screenshot of Mattermark's startup funding heat map.
Donna Tam/Marketplace

California and New York still pour out the most money when it comes to startup funding, but there’s plenty of other places for a young company to seek some capital, according to a new map released Monday by business research firm Mattermark.

The heat map, which you can access here, shows how much funding startups received last year, broken down by state. The more money in a state, the darker shade. California and New York are the darkest (no surprise, there), with roughly $41 billion and nearly $9 billion in funding, respectively. But other states are active as well, including Massachusetts with nearly $6 billion, Texas with $4 billion and Illinois with nearly $2.7 billion.

Yes, California is still the place to go if you want those unicorn-type deals, but this could change soon given the tech market’s slowdown may already be upon us. If you’re not looking for that kind of dough, this map shows you don’t have to be on the West Coast, or East Coast, to get some cash. In fact, most states had at least $1 million in funding.

The only states with no rounds? Maine, North Dakota, Wyoming and Alaska.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    3 hours ago
    25:22
  • Marketplace Morning Report
    10 hours ago
    7:09
  • Million Bazillion
    15 hours ago
    30:57
  • Marketplace Tech
    15 hours ago
    12:45
  • This Is Uncomfortable
    6 days ago
    28:44
  • Make Me Smart
    4 months ago
    24:33