The top 20 US cities for tech startup funding

AP News
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Posted: Oct 22, 2014 1:44 PM
The top 20 US cities for tech startup funding

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.

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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

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