How Georgia, Tennessee and Florida Fared in 3Q Venture Capital

States by number of 3Q venture capital deals completed, with some frosting in terms of which cities really showed up.

Where were most 3Q venture capital deals done?

Well, sure, you nailed it– the lion’s share got struck, (or stuck, as the case may be) in the top venture capital cities of New York, San Jose and San Francisco. That’s just a small fraction of the story.

For yet another consecutive quarter, more U.S. venture deals were done outside of the Valley than in it.

  • California’s deal share was 696 last quarter.
  • New York had 198.
  • Little Massachusetts, also known as Boston, rounded up 124.The rest of the country is where the real action was–875 deals outside of CA, MA, NY.

There’s a lot of disruption bubbling under the surface. Just as an example, one of the largest VC deals last quarter in Series A was out of Dallas. (Dallas?) $180 million for Stackpath.

Here’s how the Southeast stacks up for 3rd Quarter Venture Capital in number of deals relative to other states.

My home state, Georgia, came in at #12, behind North Carolina and Florida, just above Tennessee and Alabama.

StateDeal countCompany count
California612606
New York198196
Massachusetts124123
Texas108108
Washington7878
Colorado5858
Illinois5353
Florida4948
Pennsylvania4646
Virginia3838
North Carolina3635
Georgia3333
Maryland2929
Ohio2928
Utah2625
Oregon2424
Tennessee2121
Connecticut1919
Indiana1919
New Jersey1919
Michigan1818
Arizona1616
Minnesota1414
Wisconsin1414
Alabama1111
Missouri1111
Kentucky1010
South Carolina1010

(For my political friends, if you redo these numbers on VC-per-capita, you get an interesting southeastern shuffle.)