CB Insights
  • With $15.7 billion in equity funding, Uber is the
    most highly-funded tech startup in the United States.
  • This map by CB Insights shows that there’s plenty of money to
    go around.
  • Florida’s Magic
    , an augmented reality has raised $2.4 billion in
    funding, while Illinois’s’ Avant, a financial technology company
    has raised $655 million, and Georgia’s Kabbage, an online lending
    platform that has raised $490 million.
  • Visit for more stories.

With $15.7 billion in equity funding in its pocket, the San
Francisco, California-based ride-hailing company Uber has
raised more money than any other tech startup in the country. But
California isn’t the only state in the union harboring
highly-funded tech startups.

Upserve Sheryl Hoskins

Upserve CEO Sheryl Hoskins runs the most highly-funded startup in Rhode Island.

In this graphic, research firm
CB Insights identified the most highly-funded companies
each of the 50 states, plus Washington, D.C. Some of those
companies include Florida’s Magic Leap, an augmented reality
company that’s disclosed $2.4 billion in funding, Illinois’
Avant, a financial technology company that’s raised $655 million,
and Georgia’s Kabbage, an online lending platform that has raised
$490 million.

The list also includes ten different unicorns – companies valued
over $1 billion – from Washington, D.C.’s Vox Media to Utah’s

While hge amounts of equity funding can be found across the
country, three of the states didn’t have any companies that fit
CB Insight’s full criteria, which required that companies have
raised at least $1 million in equity funding since January 2014.
Those states are Alaska, Mississippi, and Wyoming.

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Alaska’s Resource Data, for instance, has raised $1.59 million in
equity funding, but it’s raised the sum through multiple small
angel rounds.

Read more:
These are the most valuable startups in each state

Here’s the full list:

  • Alabama: AfterSchool, $16.4 million
  • Alaska: Resource Data, $1.59 million
  • Arizona: IO Data Centers, $311 million
  • Arkansas: One Country, $100 million
  • California: Uber, $15.7 billion
  • Colorado: Welltok, $339.43 million
  • Connecticut: Cedar Gate Technologies, $220
  • DC: Vox Media, $324.65 million
  • Delaware: SevOne, $203.5 million
  • Florida: Magic Leap, $2.4 billion
  • Georgia: Kabbage, $490 million
  • Hawaii: Ibis Networks, $4.83 million
  • Idaho: CradlePoint, $154.8 million
  • Illinois: Avant, $655 million
  • Indiana: Scale Computing, $89.67 million
  • Iowa: Involta, $79.5 million
  • Kansas: C2FO, $199.68 million
  • Kentucky: Lucina Health, $24.49 million
  • Louisiana: Lucid, $64.22 million
  • Maine: Tilson Technology Management,
    $109.4 million
  • Maryland: Sonatype, $142.6 million
  • Massachusetts: DraftKings, $727.6 million
  • Michigan: Llamasoft, $56.1 million
  • Minnesota: Code42 Software, $137.5 million
  • Mississippi: Next Gear Solutions, $11.05
  • Missouri: PayIt, $108 million
  • Montana: Blackmore Sensors &
    Analytics, $21.5 million
  • Nebraska: Hudl, $106.19 million
  • Nevada: PlayStudios, $36.17 million
  • New Hampshire: FlexEnergy, $46.24 million
  • New Jersey: Vidyo, $171.91 million
  • New Mexico: Skorpios Technologies, $45.17
  • New York: Infor, $4.1 billion
  • North Carolina: Epic Games, $1.6 billion
  • North Dakota: Myriad Mobile, $10.6 million
  • Ohio: Root Insurance, $159 million
  • Oklahoma: SendaRide, $1.74 million
  • Oregon: Jama Software, $233 million
  • Pennsylvania: Duolingo, $108.3 million
  • Rhode Island: Upserve, $191.45 million
  • South Carolina: Commerce Guys, $46.3
  • South Dakota: Covered Insurance Solutions,
    $4.63 million
  • Tennessee: SmileDirectClub, $426.7 million
  • Texas: WP Engine, $289.2 million
  • Utah:, $264.3 million
  • Vermont: Faraday, $5.49 million
  • Virginia: Privia Health, $432.84 million
  • Washington: Rover, $280.9 million
  • West Virginia: Geostellar, $29.97 million
  • Wisconsin: EatStreet, $44.74 million
  • Wyoming: Mountain Origins Design (dba
    Stio), $17.2 million
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