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Investigating the Overlooked

Region What Who For Analysis
← By Metro
Investor & VC Density — By Metro
Investor and VC firms per 100,000 residents -- venture funds, angel groups, and firms tagged by investment stage from pre-seed through growth. Excludes only firms confirmed acquired, merged, or defunct, same as Startups per Capita. The natural counterpart to that report: where the capital sits, not just where the companies do.
94 metros with population data · 1049 investors/VC firms counted
# Metro Investors Population Per 100,000 Residents
1 Green Bay -- Titletown 8 331,145 2.42
2 Silicon Valley 194 9,107,604 2.13
3 Ames 2 100,466 1.99
4 Youngstown 8 427,420 1.87
5 Greater Charlotte 8 430,330 1.86
6 New Orleans 14 981,662 1.43
7 the DMV (DC, Maryland, Virginia) 73 6,318,377 1.16
8 Baton Rouge 10 875,313 1.14
9 the Research Triangle 26 2,336,314 1.11
10 the Twin Cities 40 3,713,668 1.08
11 Greater Cleveland 20 2,171,526 0.92
12 Milwaukee 14 1,568,938 0.89
13 New England 43 4,953,354 0.87
14 Nashville 18 2,079,596 0.87
15 Greater St. Louis 24 2,810,850 0.85
16 Austin 18 2,426,592 0.74
17 Seattle 30 4,061,920 0.74
18 Greater Columbus 16 2,175,788 0.74
19 Denver 22 3,002,721 0.73
20 Northwest Arkansas 4 577,726 0.69
21 Greater Miami / South Florida 40 6,249,291 0.64
22 Portland — the Silicon Forest 14 2,520,987 0.56
23 Greater Los Angeles 72 12,974,487 0.55
24 Greater Atlanta 34 6,256,377 0.54
25 Pittsburgh 12 2,439,940 0.49
26 Greater Chicago 46 9,371,595 0.49
27 Greater San Diego 14 3,288,774 0.43
28 Philadelphia 26 6,272,014 0.41
29 New York City 80 19,798,537 0.40
30 Dallas 20 5,382,430 0.37
31 Bozeman & Greater Yellowstone 2 537,230 0.37
32 Kansas City 8 2,218,142 0.36
33 Spokane 2 597,123 0.33
34 Detroit 14 4,376,828 0.32
35 Fort Worth 6 2,603,160 0.23
36 Greater San Antonio 6 2,662,733 0.23
37 Upstate New York 15 7,009,118 0.21
38 Houston 14 7,442,788 0.19
39 Cincinnati 4 2,262,262 0.18
40 Kentucky 7 4,081,359 0.17
41 Tampa Bay 4 3,304,691 0.12
42 South Carolina 6 4,865,895 0.12
43 Arkansas 3 2,471,665 0.12
44 Indianapolis 2 2,151,989 0.09
45 West Virginia 1 1,778,373 0.06
46 New Mexico 1 2,120,246 0.05
47 Nebraska 1 1,978,707 0.05
48 Puerto Rico 1 3,234,309 0.03
49 Nevada 1 3,184,612 0.03
50 Oklahoma 1 4,028,634 0.02
51 the Sun Belt — Arizona 0 7,378,838 0.00
52 Richland 0 311,807 0.00
53 Walla Walla 0 62,161 0.00
54 New England (NH · VT · ME · RI · CT) 0 8,156,100 0.00
55 Utah (Silicon Slopes) 0 3,392,331 0.00
56 Boulder 0 328,961 0.00
57 Greater Orlando 0 2,793,746 0.00
58 Monterey 0 437,613 0.00
59 Alabama 0 5,086,768 0.00
60 Iowa 0 3,210,507 0.00
61 Des Moines 0 693,166 0.00
62 Mississippi 0 2,946,779 0.00
63 Hampton Roads 0 1,787,235 0.00
64 Piedmont Triad (Greensboro-Winston-Salem-High Point) 0 1,724,503 0.00
65 the Cedar Rapids-Iowa City Corridor 0 455,824 0.00
66 South Dakota 0 907,428 0.00
67 North Dakota 0 784,841 0.00
68 North Carolina 0 6,669,587 0.00
69 Harrisburg 0 604,155 0.00
70 Gettysburg 0 106,115 0.00
71 Erie, PA 0 269,052 0.00
72 Wyoming 0 582,397 0.00
73 Alaska 0 735,706 0.00
74 Lehigh Valley (Allentown-Bethlehem-Easton) 0 873,603 0.00
75 Hawaii 0 1,445,235 0.00
76 State College, PA 0 158,576 0.00
77 Pennsylvania 0 4,456,245 0.00
78 Michigan 0 5,331,111 0.00
79 Madison, WI 0 572,674 0.00
80 Missouri 0 2,755,527 0.00
81 Illinois 0 2,861,906 0.00
82 Ohio 0 4,707,274 0.00
83 Colorado 0 1,812,743 0.00
84 California 0 11,281,795 0.00
85 Texas 0 9,670,721 0.00
86 Florida 0 10,068,349 0.00
87 Georgia 0 4,383,151 0.00
88 Tennessee 0 4,986,787 0.00
89 Washington State 0 2,253,744 0.00
90 Louisiana 0 2,754,986 0.00
91 Oregon 0 4,109,526 0.00
92 Minnesota 0 1,999,896 0.00
93 Montana 0 932,137 0.00
94 Wisconsin 0 3,376,106 0.00
Not shown above — no population figure currently on file for these metros: Silicon Valley (12 investors), Phoenix / Scottsdale (11 investors), Las Vegas (11 investors), Salt Lake City (8 investors), Kansas City (6 investors), Boise / Eagle (5 investors), Providence (4 investors), Des Moines (2 investors), Jackson Hole (2 investors), Milwaukee (2 investors), Austin (2 investors), DMV (1 investor), Global (1 investor), College Station (1 investor), Manchester (1 investor), New England (1 investor), Salt Lake City / Silicon Slopes (1 investor). Some of these are real US metros without an Osparna edition yet, or explicitly non-US/regional labels — see the Data page for source coverage.