May 23, 2016–CEI Ventures is Maine’s most active tech venture capital firm, according to venture capital trade VC Nation. The following post from the VC Nation website highlights tech venture capital activity in all 50 states:
VC Nation: The Most Active Tech Venture Capital Firm Into Each US State
Our map infographic shows the top VC in each US state, as determined by the number of tech companies they’ve funded there. Among the VCs on the map are NEA, Foundry Group, and Bessemer Venture Partners.
Startups based in California, New York, and Massachusetts account for most of the VC tech funding in the United States. However, hotbeds of innovation are being spurred by VCs across the country.
With that in mind, we used CB Insights data to analyze the most active venture capital firm by the number of investments into tech startups in each US state from 2011 to 2016 year-to-date (through 5/9/16).
We based our selection on investments in unique tech companies based in each state (not counting multiple rounds to the same company). We excluded debt deals, and only considered venture capital, corporate venture capital, and super angel firms. When there was a tie across multiple VCs in a state we used number and recency of deals to select the most active tech startup investor for that state.
There were various top VCs (aka smart money VCs) making their mark on the map. For example, General Catalyst was the most active investor into Massachusetts tech startups, Foundry Group was the most active investor in Colorado, New Enterprise Associates in Maryland, and Bessemer Venture Partners in South Dakota. There was just one investor that was the most active VC into more than one state: New Mexico-based Flywheel Ventures was most active investor in New Mexico and Montana.
Want more US VC data? Visit the CB Insights Venture Capital Database.