Investor & VC Density (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 · 1056 investors/VC firms counted

#	Metro	Investors	Population	Per 100,000 Residents
1	Green Bay -- Titletown	8	329,375	2.43
2	Silicon Valley	196	9,101,124	2.15
3	Ames	2	98,592	2.03
4	Greater Charlotte	8	421,641	1.90
5	Youngstown	8	428,430	1.87
6	New Orleans	14	988,763	1.42
7	the DMV (DC, Maryland, Virginia)	74	6,263,796	1.18
8	Baton Rouge	10	871,379	1.15
9	the Research Triangle	26	2,287,314	1.14
10	the Twin Cities	40	3,693,351	1.08
11	Greater Cleveland	20	2,171,978	0.92
12	New England	44	4,917,661	0.89
13	Milwaukee	14	1,566,361	0.89
14	Nashville	18	2,043,713	0.88
15	Greater St. Louis	24	2,809,414	0.85
16	Austin	18	2,357,497	0.76
17	Seattle	30	4,021,467	0.75
18	Greater Columbus	16	2,151,847	0.74
19	Denver	22	2,977,085	0.74
20	Northwest Arkansas	4	563,436	0.71
21	Greater Miami / South Florida	40	6,138,876	0.65
22	Greater Los Angeles	74	13,012,469	0.57
23	Portland — the Silicon Forest	14	2,510,529	0.56
24	Greater Atlanta	34	6,176,937	0.55
25	Pittsburgh	12	2,443,921	0.49
26	Greater Chicago	46	9,359,555	0.49
27	Greater San Diego	14	3,282,782	0.43
28	Philadelphia	26	6,241,882	0.42
29	New York City	80	19,756,722	0.40
30	Dallas	20	5,252,554	0.38
31	Bozeman & Greater Yellowstone	2	529,288	0.38
32	Kansas City	8	2,202,006	0.36
33	Spokane	2	591,793	0.34
34	Detroit	14	4,367,620	0.32
35	Fort Worth	6	2,555,001	0.23
36	Greater San Antonio	6	2,612,802	0.23
37	Upstate New York	15	7,008,487	0.21
38	Houston	14	7,274,714	0.19
39	Cincinnati	4	2,246,830	0.18
40	Kentucky	7	4,061,369	0.17
41	South Carolina	6	4,791,133	0.13
42	Tampa Bay	4	3,240,469	0.12
43	Arkansas	3	2,469,215	0.12
44	Indianapolis	2	2,128,089	0.09
45	West Virginia	1	1,784,462	0.06
46	New Mexico	1	2,114,768	0.05
47	Nebraska	1	1,965,926	0.05
48	Puerto Rico	1	3,254,885	0.03
49	Nevada	1	3,141,000	0.03
50	Oklahoma	1	3,995,260	0.03
51	Alabama	1	5,054,253	0.02
52	the Sun Belt — Arizona	0	7,268,175	0.00
53	Richland	0	307,900	0.00
54	Walla Walla	0	62,102	0.00
55	New England (NH · VT · ME · RI · CT)	0	8,104,207	0.00
56	Utah (Silicon Slopes)	0	3,331,187	0.00
57	Boulder	0	328,317	0.00
58	Greater Orlando	0	2,721,022	0.00
59	Monterey	0	435,834	0.00
60	Iowa	0	3,195,937	0.00
61	Des Moines	0	682,467	0.00
62	Mississippi	0	2,951,438	0.00
63	Hampton Roads	0	1,782,590	0.00
64	Piedmont Triad (Greensboro-Winston-Salem-High Point)	0	1,709,224	0.00
65	the Cedar Rapids-Iowa City Corridor	0	453,380	0.00
66	South Dakota	0	899,194	0.00
67	North Dakota	0	779,361	0.00
68	North Carolina	0	6,587,802	0.00
69	Harrisburg	0	597,894	0.00
70	Gettysburg	0	105,183	0.00
71	Erie, PA	0	269,544	0.00
72	Wyoming	0	579,761	0.00
73	Alaska	0	733,971	0.00
74	Lehigh Valley (Allentown-Bethlehem-Easton)	0	866,764	0.00
75	Hawaii	0	1,445,635	0.00
76	State College, PA	0	158,041	0.00
77	Pennsylvania	0	4,448,668	0.00
78	Michigan	0	5,315,581	0.00
79	Madison, WI	0	564,777	0.00
80	Missouri	0	2,743,854	0.00
81	Illinois	0	2,871,607	0.00
82	Ohio	0	4,710,407	0.00
83	Colorado	0	1,801,100	0.00
84	California	0	11,222,760	0.00
85	Texas	0	9,587,775	0.00
86	Florida	0	9,828,514	0.00
87	Georgia	0	4,347,510	0.00
88	Tennessee	0	4,942,369	0.00
89	Washington State	0	2,234,930	0.00
90	Louisiana	0	2,760,883	0.00
91	Oregon	0	4,093,795	0.00
92	Minnesota	0	1,994,110	0.00
93	Montana	0	923,187	0.00
94	Wisconsin	0	3,365,751	0.00

Not shown above — no population figure currently on file for these metros: Silicon Valley (14 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.