- With $15.7 billion in equity funding, Uber is the most highly-funded tech startup in the United States.
- This map by CB Insights shows that there’s plenty of money to go around.
- Florida’s Magic Leap, an augmented reality has raised $2.4 billion in funding, while Illinois’s’ Avant, a financial technology company has raised $655 million, and Georgia’s Kabbage, an online lending platform that has raised $490 million.
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With $15.7 billion in equity funding in its pocket, the San Francisco, California-based ride-hailing company Uber has raised more money than any other tech startup in the country. But California isn’t the only state in the union harboring highly-funded tech startups.
Upserve
In this graphic, research firm CB Insights identified the most highly-funded companies in each of the 50 states, plus Washington, D.C. Some of those companies include Florida’s Magic Leap, an augmented reality company that’s disclosed $2.4 billion in funding, Illinois’ Avant, a financial technology company that’s raised $655 million, and Georgia’s Kabbage, an online lending platform that has raised $490 million.
The list also includes ten different unicorns — companies valued over $1 billion — from Washington, D.C.’s Vox Media to Utah’s InsideSales.com.
While hge amounts of equity funding can be found across the country, three of the states didn’t have any companies that fit CB Insight’s full criteria, which required that companies have raised at least $1 million in equity funding since January 2014. Those states are Alaska, Mississippi, and Wyoming.
Alaska’s Resource Data, for instance, has raised $1.59 million in equity funding, but it’s raised the sum through multiple small angel rounds.
Read more: These are the most valuable startups in each state
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See Also:
- This pitch deck helped raise $43 million for a startup with a new twist on the biggest trend in software development
- Uber has dangled $100 million at Dara Khosrowshahi if he can convince investors, or a buyer, that the company is worth $120 billion
- Uber launched a Saudi Arabia-only feature that lets female drivers avoid taking male passengers
SEE ALSO: The most valuable startup based in each of the 50 United States
Source: Business Insider – bpeterson@businessinsider.com (Becky Peterson)