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AZ Tech Beat | October 26, 2020

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National Venture Capital Association ranks Phoenix among top 20 cities for tech startup funding

National Venture Capital Association ranks Phoenix among top 20 cities for tech startup funding
Tishin Donkersley

The National Venture Capital Association released their Q3 2014 Venture Capital Investments report of the top 20 metropolitan areas receiving funding through September 30, 2014.

As expected, startups in the tech bubble, San Francisco and Silicon Valley, received about half the funding. According the report, investments focused on startups in SaaS, telecom and business services. Phoenix did make the top 20 list, coming in at number 17 with $136 million in funding.

The following top 20 list of cities is ranked by total funding:

1. San Francisco, $9.32 billion, 506 deals

2. San Jose, California (Silicon Valley), $3.78 billion, 237 deals

3. New York, $3.05 billion, 272 deals

4. Boston, $1.05 billion, 158 deals

5. Los Angeles-Long Beach, California (Silicon Beach), $768 million, 105 deals

6. Oakland, California, $510 million, 41 deals

7. Seattle-Bellevue-Everett, Washington, $471 million, 56 deals

8. Provo-Orem, Utah, $462 million, nine deals

9. Washington D.C., $456 million, 77 deals

10. Chicago, $402 million, 57 deals

Related: Startups getting funded in AZ

11. Austin-San Marcos, Texas, $315 million, 58 deals

12. Salt Lake City-Ogden, Utah, $275 million, 16 deals

13. Denver, $240 million, 26 deals

14. Atlanta, $233 million, 32 deals

15. Orange County, California, $212 million, 46 deals

16. San Diego, $140 million, 31 deals

17. Phoenix, $136 million, 12 deals

18. Dallas, $132 million, 21 deals

19. Philadelphia, $125 million, 32 deals

20. Pittsburgh, $124 million, 35 deals

List of top cities compiled by the Associated Press. Additional data derived from National Venture Capital Association report 

  • Ugh

    Terrible. 5th/6th largest city in the country and 17th on the list. Although Houston as 4th largest city isn’t even in the top 20.

  • 13.1 B for the Bay Area … 743 deals. The rest of the list? 8.9 B and 1,084 deals. Bay area = 17.6 M per deal. Rest of list = 8.2 M per deal. I am not a Stanford economist, but if the rest of the US can succeed with 50% of the capital invested per company, why is 60% of our investment capital there? And if they succeed more….than why is the rest of the list (60% of the companies) underfunded?