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Venture Capital Disbursed Per Venture Capital Deal ($millions)

State Indicator S-60

This indicator represents the average size of the venture capital investments being made in a state. The indicator is expressed as the total dollars of venture capital invested in millions divided by the number of companies receiving venture capital. This indicator provides some measure of the magnitude of investment that developing companies in a state have attracted from venture capital sources, though does not necessarily reflect the level of overall venture investment or deals in a state. The availability of venture capital may vary widely based on stage of investment, type of company, and numerous other factors.

Venture capital data include financing at seed, early, and later stages of venture investment. Seed financing supports proof-of-concept development and initial product development and marketing. Early stage financing supports product development and marketing, the initiation of commercial manufacturing, and sales; it also supports company expansion and provides financing to prepare for an initial public offering. Later-stage financing includes acquisition financing and management and leveraged buyouts.

Some states have relatively few venture capital deals taking place in a given year; thus, the value of this indicator may show large fluctuations on a year-to-year basis. In states that report only several venture capital deals per year, a single large or small investment can substantially affect the value of this indicator.

Data source: PitchBook, Venture capital and private equity database.

  • 1st Quartile

    5.0813.93
  • 2nd Quartile

    3.44.83
  • 3rd Quartile

    1.863.29
  • 4th Quartile

    01.6
  • No data

Footnote

NOTES: The national total for venture capital for the United States includes U.S. territories.

SOURCE: PItchBook, Venture capital and private equity database, data as of October 2017; PitchBook, Venture capital and private equity database, data as of October 2017.

Recommended Citation: National Science Board. 2018. “Venture Capital Disbursed Per Venture Capital Deal.” Science and Engineering Indicators 2018, State Indicators. Alexandria, VA: National Science Foundation (NSB-2018-1). https://www.nsf.gov/statistics/state-indicators/indicator/venture-capital-per-deal

Last updated: January 18, 2018