The Mattermark 2014 Startup Traction Report, released last December, includes a wealth of data on the fastest-growing startups, regions, and industries (get it for $99). They used data from public sources like Crunchbase, AngelList, NASDAQ, the SEC, and the White House Office of Management & Budget, as well as private relationships they have with investors and entrepreneurs. Everything was measured for the 2014 fiscal year, which covers October 2013-September 2014. If you wanted to know the regions with the most venture activity, you might also look at the total amount of funding raised. While Pennsylvania ranks #8 in number of deals done, startups there raised more money than they did in Illinois (#6), indicating larger deals. And Utah startups, with only 77 deals in 2014, raised a whopping $985.3 million, an average of $12.8 million per deal – possibly thanks to a thriving health care industry. Below is Mattermark’s ranking of the states with the most venture funding deals in 2014:
1. California (2,420 deals)
Venture funding raised: $26.1 billion
2. New York (816 deals)
Venture funding raised: $5.8 billion
3. Massachusetts (486 deals)
Venture funding raised: $3.9 billion
4. Texas (318 deals)
Venture funding raised: $1.9 billion
5. Washington (235 deals)
Venture funding raised: $1.7 billion
6. Illinois (188 deals)
Venture funding raised: $929.3 million
7. Colorado (183 deals)
Venture funding raised: $765.9 million
8. Pennsylvania (176 deals)
Venture funding raised: $956.8 million Image credit: Flickr: Mike Behnken
