When you think of tech startups, you probably think Northern California. Companies there receive the largest share of funding from venture capitalists, but there are several other notable pockets around the country.
In the first nine months of the year, venture capitalists poured $24 billion into tech startups around the country. About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association.
Here are the top 20 metropolitan areas receiving such funding through Sept. 30, ranked by funding amount. The figures include tech startups for software, business services, networking and telecom, but exclude some categories such as biotech, energy, medical devices and retail.
- San Francisco, $9.32 billion, 506 deals
- San Jose, California (Silicon Valley), $3.78 billion, 237 deals
- New York, $3.05 billion, 272 deals
- Boston, $1.05 billion, 158 deals
- Los Angeles-Long Beach, California (Silicon Beach), $768 million, 105 deals
- Oakland, California, $510 million, 41 deals
- Seattle-Bellevue-Everett, Washington, $471 million, 56 deals
- Provo-Orem, Utah, $462 million, nine deals
- Washington D.C., $456 million, 77 deals
- Chicago, $402 million, 57 deals
- Austin-San Marcos, Texas, $315 million, 58 deals
- Salt Lake City-Ogden, Utah, $275 million, 16 deals
- Denver, $240 million, 26 deals
- Atlanta, $233 million, 32 deals
- Orange County, California, $212 million, 46 deals
- San Diego, $140 million, 31 deals
- Phoenix, $136 million, 12 deals
- Dallas, $132 million, 21 deals
- Philadelphia, $125 million, 32 deals
- Pittsburgh, $124 million, 35 deals
--Associated Press
Published on: Oct 23, 2014